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Bitcoin is trading around $109,300 after a brief dip below $109,000, influenced by a reported 2.9% year-over-year increase in U.S. core inflation for August. The cryptocurrency faced a challenging market, with approximately $970 million in liquidations, predominantly from long positions betting on price increases. Predictions among
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Vesting NFTs have surged to the top of CryptoSlam’s daily sales volume rankings on BNB Chain, generating over $12.4 million in sales. This indicates a significant interest among investors in new liquidity solutions for token lockups, surpassing renowned digital art collections like CryptoPunks. This activity propelled BNB Chain
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The crypto market is experiencing significant declines, with the CoinDesk 20 Index dipping 5% within the last 24 hours, affecting all major tokens. Capital outflows from futures markets are evident, leading to increased demand for protective put options on Bitcoin and Ether. The upcoming U.S. core PCE data is
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Kraken has successfully closed a $500 million funding round, valuing the cryptocurrency exchange at $15 billion. This funding round, which included investment managers, venture capitalists, and co-CEO Arjun Sethi, sets the stage for a long-anticipated IPO expected next year. The significant growth in revenue, amounting to $411 million and nearly
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Hypervault Finance has suffered an alarming breach, resulting in $3.6 million being transferred to the crypto mixer Tornado Cash in what has been described as an 'abnormal withdrawal.' The funds were first moved to the Ethereum chain before being sent to Tornado Cash, as reported by blockchain
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The cryptocurrency market faced turbulence as President Trump's announcement of higher tariffs on imports, including pharmaceuticals and trucks, spooked investors. The CoinDesk 20 Index dropped 5%, while market leaders like Bitcoin and Ethereum fell nearly 2%. The downturn was compounded by a stronger dollar influenced by U.S.
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Blockchain analytics firm Elliptic reported that pig butchering scams have evolved into a multibillion-dollar global industry. This type of fraud, which involves grooming victims into sending money for fake crypto investment schemes, utilizes sophisticated methods to launder stolen funds. Scammers frequently consolidate victims' deposits into self-hosted wallets and employ
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Aster, a decentralized exchange, has refunded users who incurred losses from unusual price fluctuations of the XPL token. These price movements resulted from a fault linked to a hardcoded index price and a capped mark price, which, when rectified, caused XPL's value to surge. The Aster token subsequently
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UK Finance has initiated a pilot project for tokenized sterling deposits (GBTD) in partnership with six major banks, including Barclays, HSBC, Lloyds Banking Group, NatWest, Nationwide, and Santander. The aim of this pilot is to create a digital representation of conventional pound sterling deposits, enhancing control over payments, reducing fraud,
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Aster has reimbursed traders affected by a glitch in its Plasma (XPL) perpetual market, which temporarily inflated prices to nearly $4, while other markets remained around $1.3. This discrepancy was due to a misconfigured index hard-coded at $1. The glitch caused liquidations and unusual fee charges, resulting in user
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Cybersecurity experts emphasize the necessity for cryptocurrency companies to enhance their defenses against North Korean hackers, particularly those infiltrating Web3 businesses. Hiring North Korean developers could expose crypto projects to severe risks, as illustrated by a recent breach costing a major exchange up to $400 million in potential reimbursements. Experts
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Moody's latest report highlights the risks that cryptocurrency adoption poses to monetary sovereignty and financial resilience in emerging markets. It emphasizes that increased use of stablecoins, especially those pegged to the U.S. dollar, could weaken the monetary transmission framework, as pricing shifts away from domestic currencies. By