Wrapped Bitcoin (WBTC), a wrapped version of Bitcoin developed by BitGo, Kyber Network, and Ren, continues to dominate the tokenized BTC market despite criticism around the project, according to Binance Research’s latest monthly report. The wrapped token represents Bitcoin at 1:1 on other blockchains such as Ethereum and Solana. This...
Crypto Weekly Roundup: Satoshi Nakamoto Uncovered, SEC v Ripple New Chapter, & More
This week’s top stories from the crypto world include claims of Satoshi Nakamoto’s identity being revealed, Ripple facing a new chapter in its legal battle with the SEC, and Bitcoin holding strong above $60,000. Let’s dive deeper into these updates.
Substantial Net Outflows for Bitcoin, Ethereum Funds as Prices Tumble: Weekly ETF Recap
After being on a highly impressive streak of net inflows, the landscape around the 11 US spot Bitcoin ETFs changed in the past week, perhaps due to the geopolitical tension in the Middle East. The Ethereum-based funds are also in the red on a weekly scale, while the two underlying...
Weekly Ripple v. SEC Lawsuit Recap: Agency Appeal, XRP Price Drop, and More
TL;DR: The US Securities and Exchange Commission filed an appeal against a 2023 court decision that benefited Ripple’s side. XRP’s price tumbled hard in the following hours, despite some optimism about a potential ETF in the States tracking its performance. SEC’s Appeal CryptoPotato reported the events from earlier this week,...
Weekly Ripple v. SEC Lawsuit Recap: Agency Appeal, XRP Price Drop, and More
TL;DR: The US Securities and Exchange Commission filed an appeal against a 2023 court decision that benefited Ripple’s side. XRP’s price tumbled hard in the following hours, despite some optimism about a potential ETF in the States tracking its performance. SEC’s Appeal CryptoPotato reported the events from earlier this week,...
Is Bitcoin Gearing for a Major Move to $65,000? (BTC Price Analysis)
Bitcoin’s price has recently experienced a decline following news of conflict in the Middle East. However, the market has seemingly found a footing. Technical Analysis By Edris Derakhshi (TradingRage) The Daily Chart The daily chart shows that the price has recently broken below the $64K level and the 200-day moving...
Over 20 Crypto Hacks in September 2024: Here’s How Much Was Stolen
Blockchain security firm PeckShield has reported that the crypto space suffered more than 20 hacking incidents in September 2024. According to the company, these events caused about $120.23 million in losses, excluding $32.4 million worth of Spark Wrapped Ethereum (spWETH) drained in a phishing attack on September 27. BingX, Penpie,...
Is This the Next Ethereum Killer? Analyst Who Predicted Polkadot’s Success Points to a New Contender—Currently Under $0.15
Is Cybro the next Ethereum killer? With a 1200% presale surge and advanced AI-powered DeFi technology, Cybro is emerging as a strong contender in the crypto space. Priced under $0.15, this promising project is attracting major investor interest, offering early adopters significant growth potential and lucrative returns.
Top OpenSea Employees Step Down Amid Regulatory and Financial Troubles
OpenSea, one of the most prominent NFT marketplaces, has experienced a significant downturn in its overall business operations due to several factors, including low engagements in the sector. Over the past few months, some top employees have left the company to work elsewhere as the firm’s troubles continued to pile...
Bitcoin and Crypto Become a Critical Factor in the US Elections: Research
A new survey by ConsenSys and HarrisX reveals that nearly half of U.S. voters (49%) consider a pro-crypto stance important when choosing political candidates. Additionally, 62% are willing to cross party lines for a candidate who supports pro-cryptocurrency policies. Crypto Regulation and Voter Sentiment The study also found that 85%...