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Polygon Introduces ‘AggLayer,’ Aims to Simplify Blockchain Integration Across Platforms
25.1.2024
Polygon Labs plans to release “AggLayer,” a new blockchain aggregation layer, in February. This development aims to enhance interoperability across blockchain platforms. According to Polygon’s recent blog, AggLayer is designed as a centralized protocol that aggregates zero-knowledge (ZK) proofs...
Bitcoin ETFs to Likely Divert Users and Trading Volumes Away from CEXs, Says Anthony Bevan
24.1.2024
Recently approved spot bitcoin exchange-traded funds (ETFs) are likely to divert investor interest and trading volume away from centralized exchanges (CEXs), according to Anthony Bevan, CEO of the wealth management firm Blockguard. Bevan, a full-time trader and investor, added that spot bitcoin...
Global Crypto User Base Hits 580M, Following 34% Increase in 2023 – Crypto.com Report
22.1.2024
Source: Pexels Crypto asset adoption is accelerating, with over half a billion people becoming users or owners in 2023, according to a Crypto.com report. Making its disclosure in an 18-page report from its Research and Insights Team, the centralized Bitcoin exchange pointed out that 580 million...
Bitcoin.com Offers $15,000 in Rewards To Boost VERSE Token Liquidity
19.1.2024
Bitcoin.com is offering $15,000 in rewards to amplify liquidity and trading volume for its ecosystem token VERSE on Kucoin, a top-tier centralized cryptocurrency exchange. The campaign, which is structured around Hummingbot’s Liquidity Miner platform, facilitates a more decentralized...
Balaji Srinivasan Equates Bitcoin ETF Move to Reversal of FDR’s Historic Gold Seizure
11.1.2024
The sanctioning of U.S. spot bitcoin exchange-traded funds (ETFs) heralds a transformative shift from a century-long dominance of centralized monetary systems to the emerging realm of decentralized finance, as opined by Balaji Srinivasan, a distinguished figure in technology and the crypto...
Binance Spot Market Share Spiked First Time in Months as BTC Futures Products Rise: CCData
11.1.2024
Source: Adobe The cryptocurrency market recorded massive gains towards the end of 2023 in several areas as the uptick in asset prices was seen in centralized exchange numbers, institutional funds, and decentralized applications (dApps). A Jan 10 market report by cryptocurrency research firm CCData...
South Korean Tax Accountant: Digital Assets Held in Non-Custodial Wallets Not Subject to Overseas Reporting Requirement
5.1.2024
South Koreans with digital assets held in non-custodial or decentralized crypto wallets like Metamask or Ledger are reportedly not subject to the country’s overseas financial account reporting requirement. According to a South Korean tax accountant, only virtual assets held on overseas centralized...
Crypto Exchanges Witness Bitcoin Deposit Boom Amidst Ethereum Retreat
4.1.2024
According to recent data, in the past month, the quantity of bitcoin residing in centralized cryptocurrency exchanges surged by 32,058 bitcoin. Concurrently, the ethereum reserves on these exchanges have diminished, with 262,904 ether, valued at $597.42 million, being withdrawn from trading...
The Bitcoin Dilemma: Ordinals Upgrade May Lead to Centralized Fork
4.1.2024
Source: DALL·E The creator of Bitcoin’s fast-rising BRC-20 token standard is worried that one of its top marketplaces is attempting a sly takeover of the entire protocol. On Monday, UniSat confirmed that it would implement the Ordinals Jubilee upgrade “to confirm that brc-20 is still on Ordinals...
Over $460 Million Longs Liquidated in Past Hour as Bitcoin Drops 8% on Spot ETF Delay Rumors
3.1.2024
Image Source: Pixabay More than $460 million in longs liquidated across the crypto market over the past hour alone after the price of Bitcoin dropped by 8% on rumors that the SEC might delay spot ETF approval. According to data by CoinGlass, long traders suffered around $462 million in losses...
Study: Only 6% of Crypto Exchanges Integrated the Lightning Network
3.1.2024
A new research study has partly attributed the growth in the use of bitcoin “as a transactional layer” to the increased number of crypto platforms that have joined the Lightning Network ecosystem. The study however found that just over 6% of centralized crypto exchanges have...
Chimpzee Announces 2M Token Burn Before Debut Exchange Listing to Fuel Initial Price Action and FOMO
31.12.2023
The sizzling new meme coin Chimpzee ($CHMPZ) wrapped up its $2.7M presale a few weeks back. Now in the 30-day vesting period, the token is preparing for its inaugural exchange listing. As per the latest announcement, it is scheduled for January 11th. The much-awaited debut will be held on...
Vitalik Buterin Reflects on Web3’s Diminishing Vision Amidst Rising Transaction Fees
29.12.2023
In a candid evaluation of the current state of Web3, Ethereum co-founder Vitalik Buterin laments the fading vision of a decentralized internet. Buterin emphasizes the stifling effect of rising crypto transaction fees on innovation and broad-based usage of cryptocurrency. He points out the shift...
Bullish Sentiment Grows as Centralized Exchanges See Record Outflows in 12 Months
29.12.2023
Source: Adobe / Luisa Cryptocurrency traders maintain a bullish drive to end the year with another positive on-chain metric going into 2024 as favorable market forces boost optimism. Data from blockchain analytics firm, Glassnode shows over $1.1 billion net outflows from centralized exchanges...
Study Observes Consolidation of Bitcoin Mining Rewards With Antpool
28.12.2023
In a significant shift within the bitcoin mining landscape, Antpool’s resurgence in 2023 has marked a notable trend in the consolidation of bitcoin rewards, surpassing Foundry USA in blocks mined. The Miner Mag’s recent analysis reveals that Antpool, along with other major pools,...
Former SEC Official Warns Spot Bitcoin ETFs Will Create ‘Wall Street Fee-Sucking Scam of Epic Proportions’
28.12.2023
The U.S. Securities and Exchange Commission’s former head of internet enforcement has warned that spot bitcoin exchange-traded funds (ETFs) “will create yet another Wall Street fee-sucking investor scam of epic proportions.” In addition, he stressed that it will likely be the most...
EthereumPOW Core Team Disbands to Achieve Full Decentralization as OneDAO Provides Transitional Support
19.12.2023
The EthereumPOW core team is disbanding to achieve decentralized governance, with OneDAO providing temporary support. Image by Sergey Nivens, Adobe Stock. The core development team behind the proof-of-work (PoW) fork of Ethereum announced on Tuesday its decision to dissolve EthereumPOW’s...
Crypto Hybrid Exchange Ankex, Led by former Genesis CEO, Shuts Down
15.12.2023
Ankex, Qredo’s cryptocurrency exchange spearheaded by former Genesis Trading CEO, Michael Moro, has shut down operations. “Ankex development has been paused” The formerly up-and-coming Ankex was launched last year and was set to combine both centralized and decentralized features. Moro...
“Banks Work, Bitcoin Doesn’t” Wikipedia Co-founder Fires Shots at Bitcoin, Community Responds
13.12.2023
Bitcoin Wikipedia Source: Adobe / piter2121 Wikipedia co-founder Jimmy Wales criticized Bitcoin (BTC) on the asset losses when users forget their wallet passwords against the reality of centralized finance sparking wide controversy among crypto enthusiasts. Wales wrote on X (formerly Twitter)...
Bitcoin’s Recent Surge on Exchanges: Binance and Bitfinex Lead With $871M Inflow
11.12.2023
On Dec. 4, 2023, the amount of bitcoin stored on centralized cryptocurrency exchanges hit a low of 2,001,259. However, recent data indicates that within a span of less than a week, exchanges have seen an influx of 21,436 bitcoin, valued at approximately $928 million. Moreover, more than 60% of this...