Category Archive: Cryptocurrency, No picture
TRON DAO at Consensus 2024 with exclusive Whale Night event
Geneva, Switzerland, June 7, 2024 – TRON DAO proudly marked its significant presence at Consensus 2024, held in Austin, Texas, as a 3 Block Sponsor. This premier blockchain and digital asset event brought together industry leaders, policymakers, and innovators to engage in crucial discussions shaping the future of the blockchain ecosystem.Consensus 2024: Highlighting TRON’s InnovationsConsensus […]
Sky Mavis says $5.7M recovered from $600M Ronin exploit
Sky Mavis has recovered $5.7 million of funds stolen from Axie Infinity’s Ronin Bridge, according to a Friday announcement from the team.The recovery was achieved through the collaborative efforts of various entities, including the Økokrim, a Norwegian law enforcement agency, and the FBI, said Sky Mavis. Specifically, Økokrim successfully froze and returned $5.7 million stolen […]
DeFi loans surge to record highs amid yield chase
The search for innovative yield strategies in the decentralized finance (DeFi) ecosystem sent the on-chain borrow excess to $11 billion, according to IntoTheBlock’s “On-chain Insights” newsletter. This represents a two-year peak, which was propelled by Ether.fi and Ethena. Ether.fi’s eETH and Ethena’s USDe have soared to $6.4 billion and $3.2 billion in supply, respectively. Ether.fi’s […]
CoinGecko confirms data breach from third-party email platform
Independent crypto data aggregator CoinGecko has confirmed that it experienced a data breach on June 5, 2024, through its third-party email platform, GetResponse.The company has provided a transparent account of the incident, detailing the steps taken to address the issue and advising users on how to protect themselves.The data breach occurred when an attacker compromised […]
Bitdeer unveils new chip for low-power Bitcoin mining
Bitdeer Technologies has announced the development of the SEAL04 chip, a highly energy-efficient solution for Bitcoin mining, as part of its technology roadmap for the SEALMINER rig.Set for release in Q2 2025, the SEAL04 chip is expected to achieve an impressive power efficiency of 5J/TH (joules per terahash), significantly lower than the industry average of […]
US Bitcoin ETFs attract record inflows with new all-time high in sight
US exchange-traded funds (ETFs) that invest directly in Bitcoin (BTC) have seen net inflows for a record-breaking 18 consecutive days, contributing to the alpha crypto’s nudge toward a new all-time high (ATH).According to data compiled by Bloomberg, net subscriptions for the group of nearly a dozen products reached $15.6 billion through Thursday since their launch […]
GME meme coin skyrockets 97% following RoaringKitty livestream announcement
The Solana-based meme coin GameStop (GME) skyrocketed 94% and is the largest gainer in the last 24 hours, according to data aggregator CoinGecko. The sharp rise was fueled by the notification of a livestream scheduled by notorious investor RoaringKitty, set to happen tomorrow at 16h (UTC). For the past seven days, GME growth has surpassed […]
Equity market upside could favor Bitcoin as correlation with Nasdaq 100 strengthens
Bitcoin’s (BTC) 30-day correlation with the Nasdaq 100 Index of US technology stocks is nearing its highest level since early 2023, as reported by Bloomberg. This means that further gains in the index might be followed by a similar upward movement performed by BTC.Image: BloombergAdditionally, Mike Novogratz stated on Bloomberg Television that a “more positive […]
Kraken eyes over $100M in pre-IPO funding: Report
Major crypto exchange Kraken is exploring raising over $100 million before a potential initial public offering (IPO), Bloomberg reported on Thursday, citing anonymous sources familiar with the situation. The plan comes amid renewed investor interest in the crypto market and potential regulatory easing in the US. “We are always exploring strategic paths toward Kraken’s Mission: […]
ECB rate cut could spur Bitcoin and stablecoin growth in Eurozone, experts highlight
The European Central Bank (ECB) cut interest rates by 0.25% today, making it the first cut in five years and reducing it to 3.75%. Crypto industry experts shared with Crypto Briefing that this movement is important for different reasons, as it raises important questions about stablecoins in the European Union and the demand for Bitcoin […]
