Crypto news

A TRM Labs research has revealed that the cryptocurrency industry witnessed a downturn in hack volumes in 2023, with a more than 50% reduction compared to the previous year. Despite a consistent number of attacks, around 160, the total value stolen dropped dramatically to $1.7 billion, less than the nearly $4 billion lost in 2022. A Closer Look at the Figures Since the inception of cryptocurrency in 2009, hackers have stolen billions of dollars in digital assets annually. In...

Polygon Labs has discontinued contributions to its Edge platform which is designed to build custom Ethereum-compatible blockchain networks. This decision reflects the company’s plans to prioritize the expansion of the Polygon Chain Development Kit (CDK), the open-source development toolkit for building ZK-powered Layer 2 chains on Ethereum for both Web3 projects and Web2 enterprises. Polygon CDK Set to Take Center Stage In the official announcement, Polygon Labs – the...

This season appears to be one for cryptocurrency exchange-traded funds (ETFs) as multiple traditional finance companies seek regulatory approval to introduce more to the market. First Trust is the latest asset management firm that wants to create another Bitcoin ETF. However, the company is not looking to launch a spot product like others but a buffer fund. First Trust to Launch Buffer Bitcoin ETF According to a December 14 Form N1-A filing with the United States Securities...

Tether, the company behind the largest stablecoin, has released the two letters it had sent to the US Senate Committee on Banking, Housing, and Urban Affairs and House Financial Services Committee. The letters are specifically addressed to pro-Bitcoin Senator Cynthia Lummis and Rep. French Hill. The main goal of Tether’s letters is to address issues raised by both Lummis and Hill regarding the alleged use of stablecoins in illicit activities, such as funding terrorism and...

The price of bitcoin (BTC) has entered a correction phase following the asset’s rally to and beyond the $44,000 mark. A weekly report from the on-chain analytics platform CryptoQuant revealed that several valuation metrics show the leading digital asset is due for a correction as its price has increased too fast. BTC in the Correction Phase One of the metrics is CryptoQuant’s Bull-Bear Market Cycle Indicator, which has entered the red area for the third time this year....

TL;DR Significant Price Rise of SOL: Solana’s cryptocurrency, SOL, has seen a remarkable increase, soaring from about $10 at the beginning of 2023 to around $78, a 650% surge. Analysts believe there’s still room for further growth. Predictions of Continued Uptrend: Notable crypto analysts on Twitter, like Ali and Deftsuo, predict SOL could rally towards $90 and even surpass $100, based on current market trends and technical analysis. More Ambitious Predictions: Some experts...

The United States Securities and Exchange Commission (SEC) has responded to Coinbase’s petition, seeking a tailored regulatory framework for the crypto market, stating that the rulemaking petition is “unwarranted.” However, two out of the five Commissioners disagreed with the decision, believing the agency should engage in robust public conversations that could result in rulemaking or guidance. Gary Gensler: Existing Securities Laws Applied to Crypto The SEC, in a letter to...

Critics argue that El Salvador’s Bitcoin experiment was premature, highlighting the country’s struggles in achieving the ‘Bitcoinization’ of its economy. El Salvador’s foray into the crypto market has been nothing short of controversial, marked by a $117.5 million Bitcoin (BTC) investment that recently pitched on the edge of profitability. President Nayib Bukele’s persistence in the face of international criticism, including opposition from the International Monetary Fund (IMF), raises...

Bitcoin’s price has lost some momentum over the past 24 hours and has retraced back down to around $42,000. Most altcoins are also in the red, with SOL and ADA dumping by over 5%. ICP, though, has exploded by a massive 40% surge. BTC Down to $42K It was precisely a week ago when BTC’s late 2023 run culminated in a price surge to $44,700. This became the asset’s highest price tag in over a year and a half. However, the landscape started to worsen at that point. Monday was...

Der jüngste Anstieg des Bitcoin-Preises kann auf mehrere Schlüsselfaktoren zurückgeführt werden. In diesem Artikel werden wir diese Faktoren näher untersuchen und analysieren, wie sie zusammenspielen, um den Wert von Bitcoin zu beeinflussen. 1. Zunehmende institutionelle Akzeptanz Einer der Hauptgründe für den jüngsten Preisanstieg von Bitcoin ist die zunehmende Akzeptanz durch institutionelle Investoren. Grosse Unternehmen und Finanzinstitutionen,...