Ripple (XRP) has surged 400% recently, reaching $2.84 amidst legal victories, while Floki (FLOKI) has become a leading meme coin with a rising utility focus, bolstered by its game, Valhalla. Cutoshi (CUTO) promises a decentralized exchange experience that emphasizes privacy and user rewards. All three are at the forefront of a shift in the crypto … Read more
On March 5, 2024, the markets faced declines with major indexes down due to a tech sell-off, while Bitcoin surged to over $69,000 before plummeting. Target stocks rose following strong earnings, contrasting with declines in Apple and GitLab shares. The yield on the 10-year Treasury note fell, boosting gold prices amidst mixed economic signals and … Read more
Bitcoin soared past $93,000 following Trump’s victory, while Dogecoin surged 150% amid announcements of Musk’s advisory role in governance, reflecting a positive shift in crypto sentiment as regulatory challenges loom. On a day electrified by optimism, Bitcoin climbed to unprecedented heights, crossing a dazzling $93,000, as the joyous echoes of Donald Trump’s election win rippled … Read more
The security breach at WazirX, resulting in a $230 million theft, has heightened calls for protective measures across crypto exchanges. While some platforms like CoinSwitch offer insured custodial wallets, industry experts reveal the daunting challenge of securing traditional insurance for digital assets due to regulatory uncertainties and evolving market standards. This complex landscape necessitates clearer … Read more
Lightspark introduces UMA Extend, linking Lightning Network payments to U.S. bank accounts, enabling instant dollar settlements. The feature uses Unified Money Addresses (UMA) for seamless transactions and is compatible with the majority of U.S. banks. CEO David Marcus emphasizes the growing importance of LN in corporate finance, signaling a merging of cryptocurrency with traditional banking. … Read more
Ethereum is set to launch the Cancun-Deneb upgrade on March 13, marking the start of “The Surge” era, focusing on enhancements in scalability and efficiency. The upgrade, led by EIP-4844, aims to optimize gas fees and improve transaction speeds through layer-2 rollups. The shift to a deflationary model following the move to Proof-of-Stake has reduced … Read more
El Salvador proposes to use cryptocurrency for trade with Russia, seeking alternatives to traditional dollar reliance and aiming for BRICS membership. Amidst Ukraine-Russia tensions, the country’s neutrality and push for innovative trade solutions highlight its ambitions for foreign investment and economic independence. In a notable development, El Salvador has taken a bold step towards embracing … Read more
Tether has frozen three Ethereum addresses holding over $160 million in USDT at the request of law enforcement. This action is part of a broader effort to monitor and regulate suspicious accounts, with Tether having blacklisted 563 addresses since 2017. The move highlights ongoing concerns about security and compliance in the cryptocurrency industry. In a … Read more
Crypto exchange Rain suffered a $14.8 million hack on April 29, 2024, according to ZachXBT. The incident has led to intermittent downtime for the exchange’s pro version since May 5. With substantial amounts of BTC and ETH being left dormant, the hack adds to the alarming statistics of over $2 billion lost to crypto exploits … Read more
Marathon Digital is set to launch Slipstream, an innovative service designed to expedite complex Bitcoin transactions. As the first publicly traded miner to do so, Marathon will utilize its own mining pool to enhance transaction efficiency, addressing the issues of delays encountered with non-standard transactions. The initiative comes amid ongoing debates over potential transaction censorship … Read more