As the year comes to a close, the focus on the approval of spot Bitcoin exchange-traded funds (ETFs) by the US Securities and Exchange Commission (SEC) has intensified. While many predict that ETF approval will lead to a significant price surge for Bitcoin and the broader crypto market, Matrixport, a digital assets financial services platform,
admin
Ledger, a prominent provider of hardware wallets for digital assets, has issued a stark warning to its users. The company’s “Ledger dApp Connect Kit” was recently compromised in a supply chain attack, resulting in the theft of over $484,000. The attack involved a malicious version of the Connect Kit that contained a wallet drainer embedded
Bitcoin mining has experienced a resurgence in recent years, with the hash rate reaching all-time highs and mining operations expanding rapidly. However, this growth has also led to concerns about centralization within the mining industry. In this article, we will explore the current state of Bitcoin mining and the challenges it faces. We will also
The United States Securities and Exchange Commission (SEC) has recently introduced a new regulatory standard for all Bitcoin Spot Exchange-Traded Fund (ETF) applicants. This development came as spot Bitcoin ETF issuers were finalizing their filings with the regulatory body. The SEC’s latest requirement, known as the “Cash Redemption Model,” has raised eyebrows and garnered attention
Cryptocurrency enthusiasts and economists often debate the impact of inscriptions, particularly BRC-20 tokens, on regular Bitcoin (BTC) transfers. Critics argue that these inscriptions amount to a denial of service attack on the Bitcoin network, but on-chain analysis suggests otherwise. In this article, we delve into the data to debunk the misconceptions surrounding inscriptions and their
The world of cryptocurrency has long been plagued by various scam tactics, and a new method called “Approval Phishing” is starting to gain prominence. Traditionally, scammers have targeted victims by distributing fraudulent crypto apps. However, in recent years, a group of fraudsters known as pig butchering scammers have successfully integrated approval phishing into their strategies.
The Financial Accounting Standards Board (FASB) has recently introduced new accounting rules for Bitcoin, marking a significant milestone in the integration of digital assets into mainstream corporate finance. This article delves into the implications of these changes and the potential impact on corporations and the perception of cryptocurrencies in the financial world. The adoption of
Coinbase, one of the leading cryptocurrency exchanges, has recently made headlines with its decision to include Bonk (BONK), a meme-based token on the Solana network, to its list of tradable assets. This move brings yet another memecoin to Coinbase’s platform, alongside popular choices like Shiba Inu and Dogecoin. While BONK may sit in the 69th
In recent months, spin-off tokens launched by decentralized exchanges (DEX) have been capturing the attention of investors with their jaw-dropping rallies. The latest token to skyrocket is DONK, which has experienced a staggering 4.5x price pump. This trend of explosive moves in DEX-traded tokens has been fueled by the fear of missing out (FOMO) among
Bitcoin, the leading cryptocurrency, has had its fair share of ups and downs in recent days. After hovering below the $41,000 mark and experiencing a dip in prices, the bulls have resurfaced, propelling Bitcoin past the $43,000 threshold. This resurgence is not limited to Bitcoin alone; altcoins like ADA, DOT, SHIB, AVAX, and SOL are