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Moonwell’s Bold $2.3M Plan to Counter Frax Hack Debt Sparks Controversy
19.1.2024
Moonwell, a decentralized finance (DeFi) borrowing and lending protocol, is facing controversy over its proposal to use $2.3 million worth of digital asset collateral to offset bad debt from Frax Finance (FRAX) pools due to a hack nearly two years ago. In a plebiscite held on December 31, 2023...
Security Definition at the Core of Coinbase v SEC First Scuffle
19.1.2024
Coinbase, a U.S based cryptocurrency exchange, and the U.S. Securities and Exchange Commission (SEC) had their first scuffle as New York’s Judge Katherine Polk Failla weighted in on a motion to dismiss the case in which the regulator alleges the exchange was involved in facilitating the trade...
Bitcoin and Ethereum Price Prediction as BTC Bounces From $40,500 Support and ETH Recovers – Sell-Off Over?
19.1.2024
Bitcoin (BTC), the foremost cryptocurrency, witnessed a notable downturn, dipping below the $42,000 threshold on Friday. This marked its steepest fall since December 2023. The current price of Bitcoin stands at $41,332.95, with a 24-hour trading volume of approximately $26.61 billion. Ethereum...
Bitcoin ETFs Still Hungry on Day 5, 10.6K More BTC Added Despite Grayscale Outflows
19.1.2024
Bitcoin ETFs bought over 10,000 additional BTC on their fifth trading day, even as Grayscale saw continued outflows. Image by Thanasak Wongsuk, Vecteezy. The fervor around the newly launched spot Bitcoin exchange-traded funds (ETFs) continued unabated on their fifth day of trading, with the funds...
Ethereum and BNB See Steady Growth as Borroe Finance Shines in DeFi with Impressive Presale Stage 4
19.1.2024
Ethereum (ETH) and Binance Coin (BNB) are among the world’s top five cryptos, and they’ve recorded ecosystem wins in early 2024. However, investors are looking for the best crypto investments that will deliver massive ROI in the coming months. Luckily, these investors found Borroe Finance ($ROE)and...
Bitcoin Already Tops Silver In U.S. ETF Market After SEC Approvals
19.1.2024
The moment U.S. Bitcoin (BTC) spot ETFs went live last Thursday, they quietly achieved a major feat. The digital asset has now become the second-largest ETF commodity in the country, boasting $26 billion managed behind the securities wrapper. That’s more than silver ETFs, which hold slightly over...
Is Bonk Going to Zero? BONK Price Drops 65% From Peak as Attention Shifts to New Viral Meme Coin
19.1.2024
BONK price has seen major declines over the past few months, now sat at 65% of its peak, can BONK price analysis reveal whether BONK is going to zero? Also, discover the next meme coin trend as attention shifts. The downside move comes as BONK price action remains in a bearish pendant pattern...
3 Best Cryptos To Buy for a Gold and Commodities Portfolio in 2024
19.1.2024
Best cryptos to buy like Bitcoin, Tether Gold, and Bitcoin Minetrix stand out as potential portfolio additions in 2024 as digital assets are becoming mainstream. Image by Kerem Goktug Kaya, DALL-E 3. The digital asset market has seen astronomical growth over the past few years, with...
First Mover Americas: Bitcoin Slips Over 15% Since ETF Approval
19.1.2024
The latest price moves in bitcoin [BTC] and crypto markets in context for Jan. 19, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Coinbase, Nifty Island and Nyan Heroes – Top NFT News Today – 19 January
19.1.2024
The non-fungible token (NFT) is seeing another mixed day with NFT news varying in sentiment. Sales volume was down 13% over the past 24 hours at the time of writing and is currently at $42,893,676. NFT transactions have seen a 9% drop in the same period. And while sellers are down 3.5%, buyers...
Crypto Exchange Gemini Secures Registration in France — Now Operational in Over 70 Countries
19.1.2024
Cryptocurrency exchange Gemini is now registered as a digital asset service provider in France. The crypto firm explained that following the launch of its EU headquarters in Ireland in 2022, “Gemini is now operational in more than a dozen EU countries and more than 70 countries worldwide...
Donald Trump Promises to Block Digital Dollar Creation — Calls CBDC ‘Dangerous Threat to Freedom’
19.1.2024
Former U.S. President Donald Trump has promised to stop the creation of a U.S. central bank digital currency (CBDC) if he is elected president of the United States. He explained that a digital dollar would give the federal government “absolute control over your money,” warning that...
Grayscale’s GBTC Sheds Over 13,700 BTC in 24 Hours Amid Rising Bitcoin ETF Competition
18.1.2024
Prior to Wednesday’s market opening, Grayscale’s exchange-traded fund, GBTC, reported holding 605,890.87 bitcoin in reserves. However, according to the company’s most recent update, there has been a significant decrease in GBTC’s holdings, with a reduction of 13,793.09...
Over $24 Billion in Cryptocurrency Received by Illicit Addresses in 2023, Down 40% from 2022: Chainalysis
18.1.2024
Crypto research firm Chainalysis revealed that at least $24.2 billion worth of cryptocurrency was sent to illicit wallet addresses in 2023, encompassing addresses associated with sanctions, terrorist financing, and scams. The figure is considered a conservative estimate, and Chainalysis expects...
Vitalik Buterin Debates Over Blockchain Scaling Terminology
18.1.2024
Amid the rapidly evolving Ethereum ecosystem, Vitalik Buterin has rejoined the debate on the classification of layer-two scaling solutions, putting the spotlight on the security and scalability trade-offs between rollups and validiums. Vitalik Buterin Weighs in on Ethereum Layer-Two Inclusion...
BlackRock’s New Bitcoin ETF Secures 25K BTC Holdings – Is Institutional FOMO Underway?
18.1.2024
BlackRock’s Bitcoin ETF launch has attracted both crypto experts and traditional investors, securing major holdings in its first week. Image by Luisa, Adobe Stock. BlackRock’s new spot Bitcoin ETF IBIT has attracted considerable interest from both retail and institutional investors...
Hackers Mislead Rocket Pool X Users with Bogus Contract Breach Claims
18.1.2024
Followers of Ethereum-based staking protocol Rocket Pool’s X account have over the past 24 hours found themselves caught in a web of confusion. Hackers took control of the account and used it to spread misleading information about a supposed smart contract breach. From 6.30 UTC on Wednesday,...
dYdX Overtakes Uniswap as Daily Trading Volumes Hit $757 Million
18.1.2024
Decentralized finance (DeFi) platform dYdX market has moved past Uniswap as the largest decentralized cryptocurrency exchange (DEX) by trading volumes. Recent data from crypto analytics firm Cointelegraph shows an increase in the trading volume of dYdX v4 over Uniswap’s v3 in the last 24 hours....
Uniswap Prioritizes Security, Unveils Permit2 to Stop Hackers Draining User Funds
18.1.2024
Uniswap introduced the Permit2 security upgrade to address vulnerabilities allowing hackers infinite token access and withdrawals. Image by vladim_ka, Adobe Stock. Decentralized exchange Uniswap has unveiled a new security tool called Permit2 today to give users more control over their digital...
Shiba Inu Holders Migrating To New Crypto ICO Built For Traders To Hunt 1000% ROI Tokens
18.1.2024
Investors are shifting their focus to Launchpad XYZ’s crypto ICO as its new token presale countdown begins. Image by Kerem Goktug Kaya, DALL-E 3. With popular meme token Shiba Inu’s price down nearly 25% over the past year, investors are moving on to new opportunities in the crypto...