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Over $24 Billion in Cryptocurrency Received by Illicit Addresses in 2023, Down 40% from 2022: Chainalysis
18.1.2024
Crypto research firm Chainalysis revealed that at least $24.2 billion worth of cryptocurrency was sent to illicit wallet addresses in 2023, encompassing addresses associated with sanctions, terrorist financing, and scams. The figure is considered a conservative estimate, and Chainalysis expects...
Vitalik Buterin Debates Over Blockchain Scaling Terminology
18.1.2024
Amid the rapidly evolving Ethereum ecosystem, Vitalik Buterin has rejoined the debate on the classification of layer-two scaling solutions, putting the spotlight on the security and scalability trade-offs between rollups and validiums. Vitalik Buterin Weighs in on Ethereum Layer-Two Inclusion...
BlackRock’s New Bitcoin ETF Secures 25K BTC Holdings – Is Institutional FOMO Underway?
18.1.2024
BlackRock’s Bitcoin ETF launch has attracted both crypto experts and traditional investors, securing major holdings in its first week. Image by Luisa, Adobe Stock. BlackRock’s new spot Bitcoin ETF IBIT has attracted considerable interest from both retail and institutional investors...
Hackers Mislead Rocket Pool X Users with Bogus Contract Breach Claims
18.1.2024
Followers of Ethereum-based staking protocol Rocket Pool’s X account have over the past 24 hours found themselves caught in a web of confusion. Hackers took control of the account and used it to spread misleading information about a supposed smart contract breach. From 6.30 UTC on Wednesday,...
dYdX Overtakes Uniswap as Daily Trading Volumes Hit $757 Million
18.1.2024
Decentralized finance (DeFi) platform dYdX market has moved past Uniswap as the largest decentralized cryptocurrency exchange (DEX) by trading volumes. Recent data from crypto analytics firm Cointelegraph shows an increase in the trading volume of dYdX v4 over Uniswap’s v3 in the last 24 hours....
Uniswap Prioritizes Security, Unveils Permit2 to Stop Hackers Draining User Funds
18.1.2024
Uniswap introduced the Permit2 security upgrade to address vulnerabilities allowing hackers infinite token access and withdrawals. Image by vladim_ka, Adobe Stock. Decentralized exchange Uniswap has unveiled a new security tool called Permit2 today to give users more control over their digital...
Shiba Inu Holders Migrating To New Crypto ICO Built For Traders To Hunt 1000% ROI Tokens
18.1.2024
Investors are shifting their focus to Launchpad XYZ’s crypto ICO as its new token presale countdown begins. Image by Kerem Goktug Kaya, DALL-E 3. With popular meme token Shiba Inu’s price down nearly 25% over the past year, investors are moving on to new opportunities in the crypto...
Bitcoin Mining Using Sustainable Energy With a Record High of 54.5% in 2023
18.1.2024
Sustainable energy use for Bitcoin (BTC) mining reached an all-time high of 54.5% in 2023, a 3.6% increase throughout the calendar year. The analysis, conducted by The Bitcoin ESG Forecast, compared Bitcoin’s sustainable energy mix to other industries using publicly available data over...
Crypto Crime Amounted to Over $24B in 2023: Chainalysis
18.1.2024
The figure is nearly 40% less than that of 2022, however it is only provisional, Chainalysis stressed
VanEck, Pudgy Penguins and Anichess – Top NFT News Today – 18 January
18.1.2024
Source: pudgypenguins / Twitter Today in NFT news: VanEck becomes an NFT Paris conference partner, Pudgy Penguins are up over 170% in a month, and the NFT-based chess strategy and spell game Anichess launches for all players. Since yesterday, the non-fungible token (NFT) sales volume is down just...
Scorpion Casino is Stepping up the Game With 30,000 Monthly Betting Opportunities – What Does it Mean for Investors?
18.1.2024
Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content. The online gambling industry has experienced exponential growth over the past decade, with no signs of slowing down. Crypto casinos, in particular, have seen a surge in popularity thanks to their...
Bitcoin Price Prediction: BTC at $42,700 Amid $1B ETF Inflows and Texas Hash Rate Drop
18.1.2024
In today’s financial landscape, the Bitcoin price prediction becomes increasingly significant as BTC trades at $42,700, marking a 0.75% decrease on Thursday. This trend occurs amidst a surge in market activity, highlighted by nearly $1 billion inflows into Bitcoin ETFs over just three days....
Grayscale Sees Over $477 Million Bitcoin Exodus as Blackrock and Fidelity ETFs Bolster Holdings
17.1.2024
Recent data reveals that since the update on Grayscale’s website three days prior, the firm’s most recent figures indicate a significant reduction in its holdings, with over 11,189 bitcoin, valued at approximately $477 million, being withdrawn from GBTC’s reserves....
$9.6 Billion in 3 Days — ETF Analyst Highlights Remarkable Early Success of Bitcoin ETFs
17.1.2024
On Tuesday, the third day of trading for the U.S.-based spot bitcoin exchange-traded fund (ETF), there was a noticeable decrease in activity with trading volumes falling by 37% from the levels seen on Jan. 12, 2024. The day concluded with most funds slightly over 1% lower against the U.S. dollar...
Ethereum Soars Over 11% Above $2,530, Institutional Products Attract $55 Million This Year
17.1.2024
The Ethereum (ETH) price has surged over 11% in 2024, continuing a steady growth cycle from December 2023 as it marks a weekly rise in institutional inflows to investment products. Ethereum trades hands at $2,537 at the time of writing after marking a 5.37% growth in the last seven days and...
Value of Crypto Projects in Switzerland and Liechtenstein Surges 107% YoY to $382.93 Billion: Report
17.1.2024
Switzerland and Liechtenstein’s crypto projects value surged by 107% year-over-year to $382.93 billion, led by Ethereum, amidst broader market recovery and innovation. According to a report by Swiss venture capital firm Crypto Valley (CV VC), the value of cryptocurrency projects based...
Bitcoin Technical Analysis: BTC Balances Above $42,000 Amidst Downtrend Signals
17.1.2024
Bitcoin has been holding steady above the $42K zone and over the past hour, the leading crypto asset has changed hands for $42,425 to $42,597 on Wednesday morning around 9:30 a.m. Eastern Time. The digital currency’s market valuation on Jan. 17, 2024, is around $835 billion with $25.65...
U.S. Spot Bitcoin ETFs Reach $10B Trading Volume in 3 Days; Grayscale Accounts for Over Half of that Figure
17.1.2024
Since their recent launch in the United States, spot Bitcoin ETFs have achieved a cumulative trading volume of nearly $10 billion within just three days. According to Bloomberg analyst James Seyffart, the standout performer among the spot Bitcoin ETFs is Grayscale’s GBTC, which recorded...
Chiliz, Klaytn Tokens Surge Over 10% on M&A Hopes, Bitcoin Listless
17.1.2024
Klyatn and Finschia Foundation have proposed to merge the two blockchains to create a Web3 powerhouse in Asia
Bitcoin Hits Peak Interest on Google Trends Following SEC’s ETF Approvals
16.1.2024
In the week spanning Jan. 7th to the 13th, 2024, Google Trends revealed a peak interest score of 100 for the search term bitcoin. A closer examination of Google Trends over the past three months highlights that this interest surged to its apex on Jan. 11. This was the day after the U.S. Securities...