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Polygon Labs to Invest $5 Million in Acquiring VPU-Based Server Systems
11.9.2024
Polygon Labs has announced a $5 million investment in Fabric’s custom Verifiable Processing Unit (VPU) to enhance the performance of its ZK-powered protocols. This investment marks Polygon Labs as the first protocol to adopt these next-generation crypto-native hardware systems. The VPU, designed...
Bitcoin’s All-Time High Difficulty Challenges Miners as Revenue Falls
11.9.2024
On Sept. 10, Bitcoin’s mining difficulty rose 3.58% higher bringing the network’s difficulty to a new all-time high of 92.67 trillion. The news follows Bitcoin’s overall hashrate rising near the 700 exahash per second (EH/s) range when it tapped 693 EH/s. Rising Bitcoin...
Indonesian Crypto Exchange Hit by $20.5M Hack, Lazarus Group Suspected
11.9.2024
Web3 security firm Cyvers detected suspicious transactions on Indonesian exchange Indodax’s wallets on September 11th. The attack involved over 150 transactions and digital assets worth an estimated $20.58 million are believed to have been stolen. Some experts suspect the North Korean...
Bitcoin Plunges Below $56K as Stocks Sell Off in Weak U.S. Trading
11.9.2024
It's been a trend for the last few weeks that cryptocurrencies selloff as the U.S. traditional markets open, underscoring a general risk-off sentiment among American investors
Bitcoin Decouples From Gold as Crypto Continues in Bearish Phase
11.9.2024
Bitcoin {{BTC}} is in the midst of a period of negative correlation with gold, signalling a risk-averse environment where investors favor traditional safe-haven assets like gold as opposed to speculative assets
Spot Bitcoin ETFs Receive $117 M Inflow Ahead of Fed’s Crucial Call
11.9.2024
The net inflow to Spot Bitcoin ETFs as of September 10, 2024, Eastern Time is $117 million. The…
Bitcoin dismisses on-point CPI print as daily BTC price losses pass 3%
11.9.2024
BTC price weakness continues, taking BTC/USD below $56,000 despite the smallest year-on-year CPI increase since February 2021
Bitcoin price struggles as bears overtake bulls in futures markets
11.9.2024
Bitcoin must hold above the $50,000 mark until the Sept. 18 Federal Reserve meeting to avoid more downside
Calm Markets: Stocks, Crypto, and Gold Show Little Movement Post CPI
11.9.2024
The latest consumer price index (CPI) from the U.S. Bureau of Labor Statistics shows that inflation cooled to 2.5% in August, marking the slowest rate since 2021. Meanwhile, core CPI, which strips out the fluctuating food and energy sectors, posted a 0.3% increase for the month. Stocks, Bitcoin...
K33 Predicts Bitcoin’s Bottom Amid Negative Funding Rates
11.9.2024
K33 Research has highlighted the possibility that Bitcoin ($BTC) will reach a bottom value as the perpetual funding…
Bitcoin ETF security concerns mount after FBI warns of North Korean hackers
11.9.2024
North Korean hackers are reportedly targeting the billions of dollars in BTC and ETH held by crypto ETF custodians.
Spot Bitcoin ETFs See Second Day of Inflows, Adding Nearly $117M
11.9.2024
The spot bitcoin exchange-traded funds (ETFs) posted gains on Tuesday, marking their second consecutive day of inflows. Spot ether ETFs also performed well, amassing $11.44 million during the trading session. Spot Bitcoin and Ether ETFs See Gains as Market Inflows Persist Data from sosovalue.xyz...
Bitcoin ETFs are the next major target for North Korean hackers: Cyvers
11.9.2024
North Korean hackers could be eying the infrastructure around the Bitcoin ETFs, lured by the $52 billion worth of cumulative holdings
U.S. Core Inflation Rose 0.3% in August, Faster Than Anticipated
11.9.2024
Prior to this report, the Fed was widely expected to trim its benchmark lending rate by 25 basis points at its policy meeting next week
First Mover Americas: Bitcoin Drops Below $56.5K on Risk-Off Day
11.9.2024
The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 11, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Crypto activity in 2024 surpasses 2021 peak, fueled by Bitcoin ETFs — Chainalysis
11.9.2024
The launch of the Bitcoin ETF in the US triggered an increase in the total value of Bitcoin activity across all regions worldwide, according to Chainalysis
India tops global crypto use despite offshore exchange ban
11.9.2024
India ranked first in Chainalysis’ 2024 Global Crypto Adoption Index, in addition to ranking second in the CSAO region in terms of crypto value received
State Regulator Warns of Crypto Fraud After Investor Loses $750K
11.9.2024
The Washington State financial regulator has issued a warning about potential cryptocurrency fraud involving a mining platform and wallet. A Washington investor was scammed out of over $750,000 after investing. Despite the investment supposedly growing to $1.4 million, the investor faced continuous...
Ripple Renews NYU Abu Dhabi Partnership for Blockchain Research
11.9.2024
Ripple has renewed its partnership with NYU Abu Dhabi to support blockchain research and innovation. This partnership aims to foster talent development, advance digital asset adoption, and integrate blockchain technology into startups and established institutions in the UAE. Ripple has funded...
Bitcoin net flows hit $750M, highest outflow since May
11.9.2024
Large Bitcoin outflows may signal rising demand as investors shift BTC into cold storage, reflecting institutional confidence