Coinbase, a frontrunner in the cryptocurrency exchange landscape in the United States, has officially launched its Wrapped Bitcoin offering, known as cbBTC. This significant development marks a major leap forward for crypto enthusiasts and investors, facilitating the use of Bitcoin across decentralized finance (DeFi) platforms. In a strategic move to further entwine traditional cryptocurrency practices
Crypto
The cryptocurrency market has long been characterized by its extreme volatility and unpredictability, often reflecting broad sentiments and reactions to macroeconomic factors. This past week, however, the market displayed an unexpected twist—despite significant declines from leading cryptocurrencies Bitcoin and Ethereum, altcoins have surged, defying expectations and showcasing the unwavering resilience of smaller projects. This article
Over the past two weeks, Bitcoin has seen a market correction of approximately 11%, leading to volatile price fluctuations. Despite a brief rebound to $58,000, Bitcoin’s price still remains below its all-time high levels. On-chain data from Santiment indicates that wallets holding less than 1 BTC are actively accumulating the cryptocurrency, with their distribution reaching
Fintech bank Nubank shocked the market by announcing the suspension of trading for its cryptocurrency, Nucoin. The decision, revealed in a blog post on September 10, stated that Nucoin can no longer be bought or sold within the bank’s app. Originally launched in late 2022 on the Polygon blockchain, Nucoin was designed as part of
In the recent analysis by ITC Crypto founder and CEO Benjamin Cowen, a wedge chart pattern was identified in the current market cycle of Ethereum. This pattern bears resemblance to previous cycles in 2019, albeit on a much larger scale. Cowen pointed out that the ETH/BTC structure hit a bottom after an interest rate cut
Bitcoin experienced a significant surge in price recently, jumping from a daily low of $53,600 to over $58,000. One of the possible reasons behind this surge could be attributed to the impact of US spot Bitcoin ETFs. These ETFs, which were established in mid-January this year, have been observed to play a crucial role in
Bitcoin (BTC) faced a significant price drop over the weekend due to the release of August nonfarm payrolls (NFP) data, which failed to meet analysts’ expectations. This led BTC to plummet by nearly 5%, dipping below the $54,000 mark and hitting its lowest level since early August. The resultant market volatility led to the liquidation
The United States Federal Bureau of Investigation (FBI) recently released a paper warning the public about the rising threat of aggressive attacks from North Korean hackers targeting the crypto industry. These attacks are not your typical cyber breaches; they involve intricate social engineering tactics that are difficult to detect, even by those well-versed in cybersecurity
Ever since Ethereum transitioned from Proof-of-Work to Proof-of-Stake in September 2022, its performance compared to Bitcoin has been on a decline. Initially considered as ultra-sound money, Ethereum has now lost its reputation and is teetering on the edge of undervaluation. Blockchain analytics platform CryptoQuant has pinpointed key factors contributing to Ethereum’s underperformance. These include inflationary
Bitcoin’s market price on crypto exchanges has recently fallen to its lowest point since the early August massacre, dropping below $50,000. This decline comes after a period of significant growth, following the approval of spot Bitcoin ETFs in the US. Despite a previous crash, where Bitcoin plummeted to similar levels only to rebound and reach