Bitfinex, one of the leading cryptocurrency exchanges, has released its latest Bitfinex Alpha report, offering valuable insights into the dynamic crypto market. In this week’s publication, it was revealed that the amount of unmoved bitcoin has reached an all-time high. This intriguing development can be attributed to the growing interest of institutional investors in the
Rodeo Finance, a decentralized finance (DeFi) protocol based on Arbitrum, fell victim to an exploit that resulted in a loss of $1.53 million on July 11. The exploit took advantage of a code vulnerability in the protocol’s Oracle, leading to the theft of over 810 Ether (ETH). PeckShield, a blockchain analytics firm, shared data indicating
In today’s rapidly evolving digital landscape, safeguarding data privacy has become a top priority for individuals around the world who value their personal information. As the amount of data shared with various companies continues to rise, it is crucial to have effective mechanisms in place to protect sensitive data. One such mechanism that has gained
Researchers from Pennsylvania State University have conducted a study to determine whether attitudes and emotions expressed on social media platforms could be used as a means to predict cryptocurrency returns. Surprisingly, their findings challenge the prevailing belief in traditional financial markets. The research paper suggests that social media sentiment significantly influences adoption and activity rates,
Line Next, a subsidiary of the renowned mobile messaging giant Line, has recently announced a groundbreaking partnership with Sega, a leading gaming company. The primary objective of this collaboration is to introduce a brand-new Web3 game to the blockchain gaming platform, Game Dosi. In line with their memorandum of understanding, Line Next has obtained an
U.S. Senator Tommy Tuberville of Alabama and Congressman Blaine Luetkemeyer have called on Attorney General Merrick Garland and SEC Chair Gary Gensler to investigate Prometheum, Inc. The lawmakers have raised concerns about potential violations of U.S. securities laws and false testimony to Congress by the digital asset company. In a letter dated July 10, 2023,
Bitcoin and Ethereum are currently trading at lower prices on Binance.US compared to other global spot markets, presenting an attractive opportunity for market participants. Bitcoin, priced at nearly $27,500, is approximately $2,500 lower on Binance.US, while Ethereum is trading at $1,700, offering a $200 discount. This significant difference in prices has led crypto users to
Bitcoin (BTC) and other digital assets, such as Tether (USDT), are currently being traded at an 8% discount on Binance.US, a popular cryptocurrency exchange. This situation can be attributed to liquidity issues that have arisen on the platform following a lawsuit filed by the U.S. Securities and Exchange Commission (SEC). According to data from Binance.US,
Sorare, the popular French fantasy sports game, is generating significant buzz ahead of the upcoming NBA season. The company has recently revealed plans for five NFT auctions featuring Special Edition NBA Draft Cards. The first auction, which took place on July 9, 2023, showcased the NFT card of Victor Wembanyama from the San Antonio Spurs.
Conor Grogan, the head of product at Coinbase, recently made an intriguing revelation. He found $322,000 worth of digital assets belonging to an individual who had no knowledge of their existence. These funds were transferred after Ethereum’s hard fork event in 2016. Grogan took to Twitter to announce his discovery, revealing that he has been
Portuguese soccer superstar Cristiano Ronaldo has recently unveiled his latest venture in the world of digital assets with the launch of his NFT collection titled “Forever CR7: The GOAT.” Available on the Binance NFT Marketplace, this collection showcases significant goalscoring moments from Ronaldo’s illustrious career. Last summer, Ronaldo partnered with Binance, the world’s largest cryptocurrency
Bitcoin’s price has recently experienced a surge and successfully surpassed the key resistance level of $30K. However, the market is currently going through a consolidation phase with some noteworthy signals emerging. On the daily chart, the price has repeatedly tested the $30K level since its breakout. While this level has provided support thus far, there
According to Reflexivity Research, Bitcoin’s performance this year is resembling that of its previous 4-year market cycles, indicating the potential beginning of another bull market. The market analysis firm recently released a report that explores the factors driving Bitcoin’s strong performance in the second quarter of the year. The report focuses on both market structure
Simon Hoadley, a retired financial advisor from East Sussex, UK, found himself caught in the clutches of a harrowing cryptocurrency scam that resulted in the loss of nearly $100,000. However, thanks to the efforts of legal experts, a significant portion of the funds were successfully recovered. Hoadley, seeking to supplement his income during the COVID-19
The journey towards the approval of a Bitcoin ETF has been a long and arduous one. The Winklevoss twins filed the first Bitcoin ETF application in 2013, but US regulators have yet to give their stamp of approval. However, the tides seem to be shifting as some of the biggest names in traditional finance have
Dogecoin, the cryptocurrency that gained popularity due to its meme-inspired origins, is currently facing a legal challenge. Elon Musk’s legal team has recently addressed the allegations made against Dogecoin in a lawsuit. Investors are anxiously awaiting the outcome of this legal battle and wondering if it will impact the value of Dogecoin in the near
Uniswap Labs has recently shared some exciting details about the progress of its highly anticipated v4 release. The team behind the decentralized finance (DeFi) powerhouse, Uniswap, has outlined three key milestones in the launch of this upcoming version. Barring any security issues or delays related to the Cancun hard fork and audit process, v4 is
The crypto market has witnessed a significant downturn in recent days, with Bitcoin (BTC) and several other cryptocurrencies experiencing a notable drop in prices. This unexpected turn of events has caused concern among traders, leading them to question whether the bullish momentum that has been driving the market is now coming to an end. Despite
Blockchain-based layer-2 network, Public Goods Network, has recently launched its testnet on July 7th. The network’s developers have made a commitment to allocate the majority of net sequencer fees towards public goods rather than distributing them to the development team or token holders. This initiative aims to support the creation of goods and services that
Crypto.com, a cryptocurrency platform, has recently filed legal documents to recover funds following an erroneous transaction. The incident occurred on June 24, 2022, when Georgia resident James Deutero McJunkins Jr., a Crypto.com user, received an incorrect deposit of $50,000 in his Crypto.com account. McJunkins promptly transferred the funds to a bank account. Despite Crypto.com’s multiple
Lawyers representing billionaire Elon Musk and Tesla have requested a United States district court judge to dismiss a motion seeking sanctions against them. The motion was filed in a $258 billion lawsuit that accuses Musk of involvement in an illegal racketeering scheme related to the Dogecoin (DOGE) cryptocurrency. The legal team representing the plaintiffs in
The Israeli Knesset has given its preliminary approval to a bill aimed at attracting foreign investment and providing regulatory clarity for the digital currency industry. The proposed legislation defines digital currencies as distinct from company securities and addresses the regulatory gap in the industry. Spearheaded by Knesset member Dan Ilouz, the bill seeks to promote
Researchers at the University of Tsukuba in Japan have developed a groundbreaking AI-powered cryptocurrency portfolio management system. Known as CryptoRLPM, short for “Cryptocurrency reinforcement learning portfolio manager,” this system utilizes on-chain data for training, making it the first of its kind. Utilizing Reinforcement Learning CryptoRLPM utilizes a training technique called “reinforcement learning” to incorporate on-chain
Steve McQueen, the legendary “king of cool,” known for his love for motorcycles, is making his mark in the Web3 space. A unique NFT collection, honoring the iconic actor, will be unveiled on July 14. The project is a collaboration between the McQueen Estate, Web3 talent agency Verified Labs, contemporary artist Michael Kalish, Triumph Motorcycles,
The resurgence of memecoins may have waned, but the Shiba Inu token (SHIB) continues to capture attention. On July 5th, SHIB stood out among tokens with the highest transaction fees, indicating a surge in activity surrounding it. Recent data reveals significant growth in the SHIB network, further supporting a bullish outlook. Additionally, the supply of
Zero-knowledge proofs (ZK-proofs) have become a crucial technology in the crypto industry. These cryptographic methods enable one party to prove the truth of something to another party without revealing any information. ZK-proofs play a vital role in achieving blockchain scalability for Ethereum layer-2 solutions and ensuring the privacy and security of ZK transaction networks. The
Changpeng Zhao (CZ), the CEO of Binance, recently shed light on why the company dedicates time and resources to support cryptocurrencies and blockchains beyond its own developments. While CZ expressed optimism about the BNB Chain ecosystem, he emphasized that he personally advocates for Bitcoin (BTC). During an Ask Me Anything (AMA) session on Twitter, a