In a significant development for cryptocurrency enthusiasts, Coinbase, the largest cryptocurrency exchange in the United States, has officially launched its new Wrapped Bitcoin product, dubbed cbBTC. This innovative offering is now available on two prominent blockchains: Base and Ethereum. The launch comes on the heels of Coinbase’s earlier integration of the Lightning Network, aimed at
Crypto
In a striking development that has captured the attention of the cryptocurrency community, a wallet linked to the now-defunct exchange FTX and its associated trading firm Alameda Research has redeemed a remarkable 177,693 Solana (SOL) tokens. This amount, worth roughly $23.75 million, was moved from the Solana Proof-of-Stake (PoS) network, suggesting a potential shift in
The landscape of cryptocurrency trading has become increasingly fraught with regulatory scrutiny, with eToro’s recent challenges exemplifying the complexities involved. The Securities and Exchange Commission (SEC) has initiated actions against the U.S. arm of eToro, resulting in a significant fallout for both the platform and its users. With the SEC alleging that eToro violated federal
In the often tumultuous world of cryptocurrency, the unexpected can rapidly become the norm. Recently, Bitcoin (BTC) had a notable dip, plummeting to $55,500, while Ethereum (ETH) followed suit, falling to $2,200. Many market observers braced themselves for a further decline, anticipating a domino effect that would exacerbate the already existing fears and anxieties swirling
Bitcoin has recently undergone a market correction of around 11%, causing some turbulence in its price movements. Despite briefly rebounding to $58,000, the leading cryptocurrency still has a ways to go before reaching its all-time high levels. However, on-chain data from Santiment has shown an interesting trend – wallets holding less than 1 BTC are
Fintech bank Nubank recently made the decision to suspend trading for its cryptocurrency, Nucoin. This move comes amidst concerns surrounding the financial stability of the bank. The announcement was made in a blog post on September 10, where Nubank revealed that Nucoin would no longer be available for purchase or sale within its app. Originally
In a recent analysis, ITC Crypto founder Benjamin Cowen pointed out a wedge chart pattern in the current cycle of Ethereum, which bears similarity to patterns observed in previous cycles, albeit on a much larger scale. He noted that the structure of ETH/BTC hit a bottom after an interest rate cut in 2019, and the
Bitcoin experienced a significant increase in value, with its price surging from $53,600 to over $58,000 in just one day. One of the main factors contributing to this surge is the introduction of US spot Bitcoin ETFs in mid-January of this year. These ETFs have been influencing the price movements of Bitcoin, with positive flows
Bitcoin (BTC) witnessed a considerable decline in price over the weekend, triggered by the disappointing August nonfarm payrolls (NFP) data. The cryptocurrency experienced a sharp drop of almost 5%, falling below the $54,000 mark, which was its lowest level since early August. The broader crypto market also felt the impact of this price weakness, with
In recent times, the United States Federal Bureau of Investigation (FBI) has raised concerns about the increasing number of “aggressive” attacks by North Korean hackers targeted towards the cryptocurrency industry and companies involved in digital asset investment products. These attacks are not your ordinary cyber threats; they are sophisticated social engineering tactics that even individuals