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FDUSD’s Meteoric Rise: 62% Surge in Supply and 6th Highest Trading Volume Globally
28.10.2023
In the span of the past 85 days, the recently introduced stablecoin known as FDUSD has witnessed a significant surge in its circulating supply, soaring by 62% since the commencement of August. This surge in supply has propelled FDUSD into the echelons of the top ten stablecoins by market...
Bitcoin Miners Brace for 4th Consecutive Difficulty Surge Amidst Hashrate Surge
28.10.2023
Despite facing a formidable difficulty level of 61.03 trillion, bitcoin miners are gearing up for their fourth consecutive difficulty rise set to unfold on October 30, 2023. Surprisingly, the previous three surges in difficulty failed to thwart Bitcoin’s hashrate, which soared to an all-time...
Biggest Movers: LINK Nears 18-Month High on Saturday, as Bulls Extend Momentum
28.10.2023
Chainlink moved towards an 18-month high to start the weekend, following a second day of bullish momentum. The cryptocurrency rose by as much as 7% in today’s session, despite the global market cap mostly consolidating on Saturday. Cardano also rallied, nearing a multi-month high of its own....
Bitcoin, Ethereum Technical Analysis: BTC Rebounds From Recent Declines to Start the Weekend
28.10.2023
Bitcoin started the weekend tracking around the $34,000 level, as prices rebounded following a two-day winless run. The cryptocurrency has begun to consolidate in recent days, following strong gains earlier in the week. Ethereum moved back closer to the $1,800 level. Bitcoin Bitcoin rose back above...
$720 Million Lost via 117 Hacking Incidents in Q3 of 2023 — Study
28.10.2023
During Q3 of 2023, there were a total of 117 hacks in which $720 million was stolen via access control breaches and rug pulls among other security incidents, a new study has found. While the losses ($49.80 million) from rug-pull incidents are significantly lower than the $449 million lost...
JPMorgan Settles Transactions for $1 Billion Daily Using JPM Coin
28.10.2023
JPMorgan announced that it is registering transactions for $1 billion daily using its own currency, jpm coin. JPMorgan Global Head of Payments Takis Georgakopoulos added that while these movements are denominated in U.S. dollars mostly, the institution is seeking to expand on that in the future....
Ethereum’s Dencun Upgrade Faces Setback — Delay Amid Testing Requirements
27.10.2023
The highly anticipated Dencun upgrade for the Ethereum blockchain won’t be making its debut in 2023 as initially expected. Ethereum’s core developers have decided to push back the upgrade’s release until at least 2024, a revelation made during the latest All Core Developers...
Dydx Chain Unveils Network Fee Distribution and USDC Trading Fee Allocation
27.10.2023
The Dydx chain, a proof-of-stake blockchain network, has successfully launched its mainnet and introduced dydx as its layer one (L1) token. On October 26, at 1 p.m. EDT, the network’s validators created the first block, signifying the start of a new era for the Dydx chain. The introduction of dydx...
Market Expert Gareth Soloway Explores Bitcoin’s Future Amidst Rising Treasury Yields and ETF Speculation
27.10.2023
Year-to-date, bitcoin (BTC), the leading digital currency by market cap, has witnessed a staggering increase of over 100%, sparking curiosity about the duration of its upward trajectory. In a Thursday interview with Gareth Soloway, the head market strategist at inthemoneystocks.com, the expert...
Bitcoin Skyrockets, Yet South Korea Experiences a ‘Kimchi Discount’ Instead of the Usual Premium
27.10.2023
Bitcoin has soared, doubling its value since the start of the year. Yet, intriguingly, the famed “Kimchi premium” in South Korea remains absent in this current surge of bullish activity. This is a notable deviation from previous bull markets, where the phenomenon was prominently...
Biggest Movers: TON Leads Bears, as Price Nears Fall Below $2
27.10.2023
Toncoin was a notable mover on Friday, as the cryptocurrency edged lower for a second straight session. Price fell by as much as 4% earlier in the day, as price approached a breakout below the $2.00 mark. On the other hand, solana continued to trade around the $33.00 mark. Toncoin (TON) Toncoin...
Bitcoin, Ethereum Technical Analysis: BTC, ETH Consolidate Ahead of US Consumer Sentiment Report
27.10.2023
Bitcoin slipped below the $34,000 level earlier in today’s session, ahead of the upcoming consumer sentiment report in the United States. Data on Thursday showed that the U.S. economy grew at a rate of 4.9% in Q3, largely driven by consumer spending. Ethereum moved below the $1,800 level...
No Evidence Hamas Received Significant Crypto Donations: Elliptic Says Data Has Been Misrepresented
27.10.2023
Blockchain analytics firm Elliptic says there is no evidence that Hamas has received significant volumes of cryptocurrency donations, emphasizing that crypto data it provides on the matter has been misrepresented. Noting that crypto accounts linked to Hamas have been seized or frozen, Elliptic...
An In-Depth Analysis of 7 Advanced Bitcoin Miners From Bitmain, Canaan, and Microbt
27.10.2023
Recently, the top three bitcoin mining rig manufacturers unveiled a group of next-generation products with efficiency ratings of less than 20 joules per terahash (J/T) and powerful hashrates. In total, Bitmain, Canaan, and Microbt released seven new devices. The following provides a look at...
Value Locked in Defi Surpasses $40 Billion, Marking a Significant Recovery
27.10.2023
Amid the recent gains in the crypto economy, the total value locked, or TVL, in decentralized finance, or defi protocols, has risen above the $40 billion threshold. This is after remaining below that level since mid-August. The top 100 defi coins by market capitalization are just below the...
Biggest Movers: DOGE, SHIB 10% Higher, as Bulls Race to Meme Coins
26.10.2023
Dogecoin was one of Thursday’s big movers, as the cryptocurrency climbed by as much as 10% in today’s session. The surge in price comes as traders look to find opportunities in riskier crypto assets, with the meme coin realm ticking this box. Shiba inu also gained, reaching its highest point...
FTX Estate Initiates Second Tranche of Crypto Transfers, Shifting Millions to Centralized Exchanges
26.10.2023
On Thursday, the analytics firm Peckshield alerted the community to another transfer of crypto assets from FTX wallets to centralized exchanges. Nearly $20 million in digital currencies were moved after the estate transferred $8.6 million in cryptocurrencies to Binance earlier in the day....
Bitcoin, Ethereum Technical Analysis: BTC Remains Near 18-Month High, ETH Recaptures $1,800 Level
26.10.2023
After a brief spell above $35,000 late on Wednesday, bitcoin retreated below this level during today’s session. Despite the decline, the cryptocurrency continues to trade close to an 18-month high on Thursday. Ethereum rose back above the $1,800 level. Bitcoin Bitcoin once again fell below...
Zero-Knowledge WaaS a Prospective Standard Configuration for Web3 Application-Layer Products — Pengyu Wang
26.10.2023
According to Pengyu Wang, the founder of Particle Network, developer solutions known as zero-knowledge wallet-as-a-service (ZK-WaaS) embody Web3 principles and “are highly performant” which in turn makes them “an evergreen solution that will become the industry...
California Enacts Digital Financial Assets Law
26.10.2023
On October 13, 2023, California enacted the Digital Financial Assets law. This law is California’s first comprehensive framework for regulation of digital asset markets, and some of its provisions may sound familiar to those versed in the state’s money transmitter licensing requirements. Under this...