Day: March 13, 2024

NFT Market Faces Sharp Decline in Value

The non-fungible token (NFT) market has experienced a notable downturn over the past week, with the price floors of the top five NFT collections by market capitalization taking a significant hit. This recent development has cast a shadow over the once-booming NFT space, indicating a cooling interest among collectors and investors. Leading NFT collections such […]

Ark Invest Cuts Coinbase Stake Amid Surge

Ark Invest, led by the visionary Cathie Wood, has made significant adjustments to its holdings of Coinbase shares. On Tuesday, the firm divested an additional 106,000 shares across three of its flagship exchange-traded funds (ETFs), amounting to $27.2 million, as per the latest trade filings. Breaking down the sales, Ark Invest sold 66,387 shares valued […]

Coinbase Wallet Bolsters Security with Blockaid Integration, Saving Users Millions

Coinbase Wallet, a popular self-custody crypto wallet, has revealed a successful partnership with web3 security firm Blockaid. The five-month integration has yielded impressive results, with Blockaid estimated to have saved Coinbase Wallet users over $75 million from potential theft. This impressive feat stems from Blockaid’s proactive approach to on-chain security. Through a combination of scanning […]

Vega Launches Market for Trading Crypto Points

Vega, a prominent derivatives network, has inaugurated a market specifically for the trading of points, starting with EigenLayer. This initiative aims to provide users with the ability to hedge the value of their points, introducing a new layer of financial strategy to the evolving cryptocurrency ecosystem. Points, a concept borrowed from traditional web2 mechanisms like […]

CoinShares Acquires Valkyrie Funds, Strengthens US Bitcoin ETF Presence

European digital asset powerhouse CoinShares has made a bold move to solidify its presence in the U.S. market, finalizing its acquisition of Valkyrie Funds LLC. This strategic acquisition, announced on Tuesday, grants CoinShares a two-pronged advantage: access to Valkyrie’s established foothold in the American market and the coveted sponsor rights to their highly anticipated Bitcoin […]

Drake and Michael Saylor’s Bitcoin Enlightenment

Drake, with an Instagram following surpassing 146 million, recently turned the spotlight onto Bitcoin, providing his vast audience with insights from none other than MicroStrategy’s co-founder, Michael Saylor. In an intriguing blend of celebrity influence and cryptocurrency education, Drake’s social media feed became an unexpected platform for discussing the merits of the world’s premier digital […]

Nigeria Tightens Grip on Crypto, Demands Sweeping User Data from Binance

The once-symbiotic relationship between Nigeria and global cryptocurrency giant Binance has soured dramatically. According to a news report, Nigerian authorities are demanding names and transaction history for the top 100 Nigerian users from Binance. This escalating situation unfolds against the backdrop of a three-week detention of two senior Binance executives, Nadeem Anjarwalla and Tigran Gambaryan, […]

Ethereum L2s Pump in Anticipation of Dencun Upgrade

The Ethereum blockchain is on the cusp of a significant upgrade, and the excitement is real. Just hours before the Dencun hard fork goes live, tokens associated with Ethereum Layer 2 (L2) scaling solutions are surging in anticipation. These L2 projects, designed to alleviate Ethereum’s scalability woes, are poised to benefit immensely from the upgrade. […]