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Connect Kit Exploit Sparks Criticism of Ledger’s Security Framework
15.12.2023
On Dec. 14, 2023, Ledger’s Connect Kit, a Javascript library for wallet connectivity, suffered a significant exploit. This incident, which was contained within two hours, has brought forth a number of criticisms of Ledger’s security practices. Ledger Exploit Elicits Mixed Reactions From...
Ethereum Technical Analysis: ETH Faces Downward Pressure; Bearish Trends Emerge Amidst Market Volatility
15.12.2023
As of Dec. 15, 2023, ethereum’s price exhibits intricate dynamics, standing at $2,259. Oscillators and moving averages paint a mixed picture, while the 4-hour and daily charts reveal patterns of consolidation and a short-term downtrend. Ethereum Ethereum’s (ETH) market capitalization...
Bitcoin Technical Analysis: BTC’s Consolidation Phase Signals Cautious Market Approach
15.12.2023
As of Dec. 15, 2023, bitcoin’s price dynamics present a compelling narrative, marked by a blend of bullish trends and nuanced fluctuations. Following the U.S. Federal Reserve meeting on Wednesday, BTC’s price improved but has been in a tight consolidated pattern ever since. Bitcoin...
Nearly Half of Users Primarily Use Crypto to Earn Extra Income — Binance Study
15.12.2023
Nearly half of the crypto exchange Binance’s users list “earning extra income as their primary use for crypto.” The survey also revealed that 36% of the respondents consider “achieving financial security and independence” as the primary objective for using crypto...
SquidGrow: Building During the Bear
15.12.2023
PRESS RELEASE. 15th December 2023. SquidGrow, the meme-utility token co-founded by the elusive crypto whale Shibtoshi, continues to innovate with new ways to energize the community. These include developing a custom bridge and privacy cross chain aggregator, liquidity locker, NFT marketplace...
Coinbase Reveals ‘Project Diamond’ Initiative, Targets Institutions Issuing Native Digital Assets
15.12.2023
Coinbase, the largest U.S.-based crypto exchange, has revealed Project Diamond, an initiative that seeks to provide the tools for institutions to issue native digital assets. The project, which integrates several technologies, including Coinbase’s layer 2 product Base, the USDC stablecoin...
Adam Back Says ‘Suck That Truthoors’ as Cantor Fitzgerald CEO Reveals Company Holds Tether’s Treasuries
15.12.2023
Howard Lutnick, CEO of Cantor Fitzgerald, a Wall Street private financial services company, has recently confirmed that they lent their services to Tether, the issuer of the biggest stablecoin in the cryptocurrency market. On CNBC’s Money Movers, Lutnick stated that he was a fan of Tether...
Australian Cash Use in Decline as 75% of Residents Now Seen as ‘Low Cash Users’
15.12.2023
On Dec. 12, Michele Bullock, the governor of the Reserve Bank of Australia, revealed that as much as 75% of Australians are now considered to be “low cash users.” Bullock also noted that the reduction in the use of cash for transactions is putting a strain on the cash distribution...
Coinbase International Exchange Launching Spot Crypto Trading
15.12.2023
Coinbase International is launching spot crypto trading for non-U.S. customers. “The launch and expansion of spot trading on Coinbase International Exchange will occur over several phases,” Coinbase detailed. “Our primary focus at the outset will be to build liquidity...
SEC Chair Gensler: We Do Things According to Our Authorities and How Courts Interpret Them
15.12.2023
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has affirmed that the securities regulator acts according to its authorities and how the courts interpret them. This includes how the agency plans to deal with spot bitcoin exchange-traded fund (ETF) applications, he noted. Gensler...
Bitwise Unveils 10 Crypto Predictions for 2024: Bitcoin to Surpass $80,000, Spot Bitcoin ETFs Could Capture $72 Billion
15.12.2023
Crypto asset manager Bitwise has unveiled 10 crypto predictions for 2024 that include bitcoin trading over $80,000, setting a new all-time high. The firm also estimates that spot bitcoin exchange-traded funds (ETFs) could capture $72 billion in assets under management. In addition, the asset...
Treasury Secretary Janet Yellen Discusses US Economy, Recession Risk, Soft Landing
15.12.2023
U.S. Treasury Secretary Janet Yellen believes that inflation has come down meaningfully but there’s still further to go for the Federal Reserve to achieve its 2% inflation target. She noted that the central bank has two risks to manage. “One is that inflation doesn’t come down...
'Bitcoin NFT' Hysteria Comes to Sotheby's as Super-Mario-Style Mushroom Character Tops $200K
14.12.2023
In the historic auction house's first-ever sale of the Ordinals inscriptions known as "NFTs on Bitcoin," a batch of three pixelated images from a mushroom-themed collection drew about $450,000, or roughly five times the highest estimates
A histeria do ' Bitcoin NFT' chega à Sotheby's quando o personagem cogumelo estilo Super Mario chega a US$ 200 mil
14.12.2023
Na primeira venda das inscrições Ordinals da histórica casa de leilões, conhecida como “NFTs no Bitcoin”, um lote de três imagens pixeladas de uma coleção com tema de cogumelo atraiu cerca de US$ 450.000, ou cerca de cinco vezes as estimativas mais altas
L'hystérie «Bitcoin NFT » arrive chez Sotheby's alors que le personnage de champignon de style Super-Mario dépasse 200 000 $
14.12.2023
Lors de la toute première vente par la maison de ventes aux enchères historique des inscriptions Ordinals connues sous le nom de « NFT sur Bitcoin», un lot de trois images pixellisées provenant d'une collection sur le thème des champignons a rapporté environ 450 000 $, soit environ cinq fois...
L'isteria di "Bitcoin NFT" arriva da Sotheby's con il personaggio del fungo in stile Super Mario che supera i 200.000 dollari
14.12.2023
Nella prima vendita in assoluto delle iscrizioni degli Ordinali da parte della storica casa d'aste, nota come "NFT su Bitcoin", un lotto di tre immagini pixelate provenienti da una collezione a tema funghi ha fruttato circa $ 450.000, ovvero circa cinque volte le stime più alte
Analysts Predict ‘Higher Crypto Prices in 2024,’ Regardless of Spot Bitcoin ETF Approval
14.12.2023
Matrixport’s research team has observed a significant increase in U.S. money market fund deposits, doubling since the outbreak of Covid-19. This growth, they believe, bodes well for the continued expansion of the crypto asset market. Analysts anticipate that bitcoin will maintain its upward...
Ledger Connect Kit Breach: Hacker Siphons $484K, Company Rolls Out Version 1.1.8
14.12.2023
The unknown attacker that compromised Ledger’s Connectkit Library has reportedly siphoned $484,000 from wallets, according to the onchain intelligence firm Lookonchain. Ledger disclosed a former employee fell victim to a phishing attack and the attacker gained access to the Ledger Connectkit...
Bitcoin Transaction Fees Spike Amid Rising Backlog and Relentless Ordinal Inscription Trend
14.12.2023
Bitcoin transaction fees have surged again. On Dec. 6, 2023, bitinfocharts.com reported that the average cost of a bitcoin transaction soared to $27.55. Presently, the average transaction fee hovers around $13.93, alongside a growing backlog of unconfirmed transactions, currently at 249,000 at...
Crypto Exchange Bitget Reveals Mandatory KYC Policy With Incentives for Early Compliance
14.12.2023
On Thursday, the crypto exchange Bitget, headquartered in Seychelles, announced its decision to implement comprehensive Know Your Customer (KYC) policies across its platform. These new KYC requirements are set to take effect on December 15, 2023. Bitget Rolls Out Mandatory KYC Procedures Bitget...