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 […]
MicroStrategy’s Bold BTC Accumulation
MicroStrategy, a software company known for its assertive investment strategy in Bitcoin, has significantly bolstered its position in the cryptocurrency market with the latest acquisition of 12,000 Bitcoin (BTC). This purchase elevates its total holdings to a staggering 205,000 BTC, valuing its Bitcoin treasury at approximately $14.7 billion at current prices. The realm of corporate […]
Ethereum’s Dencun: A Leap in Scalability
The Ethereum blockchain is poised for a transformative update with the Dencun upgrade, set to roll out on Wednesday, March 13. This upgrade is anticipated to dramatically reduce gas fees by an estimated 75% immediately, marking a significant milestone in Ethereum’s evolution towards greater scalability, security, and user experience. Dencun, a name blending the previous […]
Grayscale’s Strategic Move with Bitcoin Mini ETF
Grayscale is set to revolutionize the cryptocurrency investment landscape once again with its latest venture, the Grayscale Bitcoin Mini Trust (BTC). This innovative ETF product aims to rejuvenate the Grayscale Bitcoin Trust (GBTC) after a challenging period marked by significant outflows. The S-1 statement filed reveals that the BTC will serve as a “Spin-Off” from […]
Dimming Hopes for May Ethereum ETF Approval
Analysts from Bloomberg have notably adjusted their expectations, reducing the probability of a spot Ethereum ETF being greenlit by May to just 30%. This adjustment reflects a considerable shift from earlier optimistic projections, underscoring the intricate dance between regulatory processes and market anticipation. At the outset of the year, Bloomberg Senior ETF Analyst Eric Balchunas […]
MakerDAO’s Bold Move to Stabilize DAI Amid Volatility
MakerDAO has unveiled a series of temporary changes to its fee structure, aimed at reinforcing the stability of its dollar-pegged stablecoin, DAI. This strategic pivot comes amidst an environment of “increased volatility and bullish sentiment” that has seen a significant depletion in DAI’s reserves, challenging the protocol’s equilibrium. The catalyst for these adjustments was a […]
London Stock Exchange Opens Doors to Crypto ETNs
Traditional institutions like the London Stock Exchange (LSE) are ready to embrace the potential of cryptocurrency. In a landmark announcement on Monday, the LSE declared its intention to start accepting applications for Bitcoin and Ether exchange-traded notes (ETNs) in the coming months, specifically during the second quarter of 2024. This decision signifies a significant shift […]
Bitcoin’s New Peak Ignites Market Surge
Bitcoin’s recent achievement of a new all-time high, surpassing the $70,000 mark, has injected fresh enthusiasm into the cryptocurrency market. This milestone is not just a testament to Bitcoin’s resilience but also a catalyst for a broader market rally. Notably, this surge comes after a period of remarkable recovery from below $17,000 in January 2023, […]
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