While the recent Bitcoin and cryptocurrency market momentum may be cooling off, Ethereum (ETH) is showing resilience and rejecting lower lows, particularly against Bitcoin (BTC). According to insights shared by decentralized finance (DeFi) researcher DefiIgnas on December 8, there are indications that ETH could be on the verge of a major rally. Should this rally
In a remarkable development for the blockchain data-oracle project, Chainlink (LINK) has experienced an overwhelming response to its upgraded crypto-staking program. The company recently announced the success of its early-access period, where it managed to accumulate over $632 million worth of its native LINK tokens in just six hours. This significant achievement demonstrates the growing
In a surprising turn of events, the U.S. Securities and Exchange Commission (SEC) recently revealed that it held a secret meeting with Fidelity regarding the firm’s spot Bitcoin ETF application. This news has sparked excitement among cryptocurrency enthusiasts and investors alike, as it indicates that progress is being made towards the approval of a Bitcoin
In a surprising turn of events, a hacker who targeted the Uranium Finance DeFi platform in 2021 has been found to have potentially used “Magic: The Gathering” trading cards to launder their stolen crypto gains. According to blockchain sleuth ZachXBT, the hacker withdrew 11,200 ETH from Tornado Cash in increments of 100 ETH over the
The cryptocurrency market has witnessed a remarkable surge in the value of Sect Bot (SECT) after its listing on Uniswap. Within just 24 hours, SECT has gained a staggering 50 times its initial value and currently sits at a price of $0.1870, as reported by DEXTools. Trading against Ethereum (ETH), SECT serves as the native
The latest proof of reserves report from Binance has revealed a significant decline in its Bitcoin balance during November. This decline, which coincided with the exchange’s regulatory issues with U.S. authorities, has raised concerns among investors and analysts. In addition to the decline in Bitcoin balances, Binance also witnessed a surge in the balance of
Versatus Labs, a pioneer in the Web3 industry, recently announced the successful completion of a $2.3 million seed funding round, leading to a total valuation of $50 million. The funding aims to further the development of their flagship product, Verastus LASR, the world’s first stateless rollup. This groundbreaking protocol aims to revolutionize web development by
The recent rally in Bitcoin prices has attracted a lot of attention, with many speculating about the factors driving this upward movement. However, new data suggests that the Bitcoin whales who were potentially fueling the rally have now shifted their focus to profit-taking. This article will analyze the changing trends in Bitcoin Open Interest and
The recent withdrawal of Binance’s application for certain operations in Abu Dhabi has raised eyebrows in the cryptocurrency community. This move, as mentioned in a recently updated filing, came as a surprise to many as Binance seemed to be focused on establishing a strong presence in the Middle East and North Africa (MENA) region. In
The FTX 2.0 customer ad hoc committee of the now-defunct crypto exchange has received a response to the letter sent to its official arm. In a letter dated December 4, 2023, the Official Committee of Unsecured Creditors (UCC), overseeing the bankruptcy of the FTX exchange, acknowledged the concerns raised by its ad hoc arm. However,