Category Archive: Cryptocurrency, No picture
Ethereum ETFs are here: experts predict potential price swings
Key Takeaways Ethereum ETFs are set to begin trading on July 23rd, potentially impacting ETH prices. Experts are divided on short-term price movements but generally optimistic about long-term growth. The spot Ethereum exchange-traded funds (ETF) are set to start trading on July 23rd, as predicted by Bloomberg ETF analysts James Seyffart and Eric Balchunas. As […]
Cash App to shut down in the UK, citing focus on US market
Key Takeaways Block, the company behind Cash App, cites regulatory difficulties in the UK as a reason for the shutdown. Block has been heavily investing in partnerships and integrations for Bitcoin, Bitcoin Lightning, and mining hardware. Cash App, a popular mobile payment platform, will cease operations in the United Kingdom by September 15.Block, the fintech […]
Bitcoin faces rejection at $65,000 and risks correction to $60,000
Key Takeaways Bitcoin attempted to break $65,000 resistance but faced rejection, retreating to $63,000. Traders highlight potential support at $60,000 if current range fails to hold. Bitcoin (BTC) tried to reclaim the $65,000 price level today, which is the current resistance that needs to be flipped into support, according to the trader identified as Rekt […]
USDC gains ground in DeFi as competition with USDT intensifies: Keyrock report
Key Takeaways USDT dominates centralized exchanges while USDC leads in diverse DeFi applications. USDC has a more balanced distribution across DeFi protocols compared to USDT. Tether USD (USDT) and USD Coin (USDC) are leading the stablecoin market, each carving out distinct niches in the crypto ecosystem, according to a recent Keyrock report. USDT maintains its […]
“Human error” cited in LI.FI’s $11.6 million exploit
Key Takeaways LiFi experienced a $11.6 million hack due to a vulnerability in a newly deployed smart contract facet. The company plans to compensate affected users and is working with authorities to recover stolen funds. Interoperability protocol LI.FI revealed that its recent exploit was caused by an infinite token approval attack vector. On July 16, […]
BlockFi begins interim crypto distributions via Coinbase
Key Takeaways BlockFi to begin interim crypto distributions through Coinbase in July 2024. Non-US clients excluded from receiving funds due to regulatory restrictions. Bankrupt crypto lender BlockFi has announced it will commence its first interim cryptocurrency distributions through Coinbase within this month. Please keep in mind that client communications will exclusively occur via official email […]
Shiba Inu’s SHIB down 8% following WazirX exchange exploit
Key Takeaways Shiba Inu (SHIB) token declined by 8% following the news of the WazirX hack. The exploit is the latest in a series of attacks on global crypto exchanges, including BtcTurk and DMM Bitcoin. Shiba Inu’s SHIB token experienced an 8% decline following a security breach that targeted WazirX, India’s leading crypto exchange, on […]
Polygon set to migrate MATIC to POL on September 4
Key Takeaways POL will become the main gas and staking token for all Polygon networks. Automatic conversion for MATIC holders on Polygon PoS, others must follow specific migration steps. Polygon Labs has announced September 4 as the date for upgrading its MATIC token to the new POL token, marking a significant step in the network’s […]
Ethereum ETFs set for July 23 launch as S-1 forms updated
Key Takeaways Most Ethereum ETFs have updated S-1 forms with revised fees, preparing for a July 23 launch. Grayscale’s ETHE charges a 2.5% fee, significantly higher than competitors offering waiver fees. All spot Ethereum exchange-traded funds (ETF) got their S-1 forms amended with updated fees, except Proshares, as reported by Bloomberg ETF analyst James Seyffart. […]
Vitalik Buterin cautions against picking politicians solely pro-crypto stance
Key Takeaways Vitalik Buterin warns against supporting politicians solely for their pro-crypto stance. The article emphasizes considering a politician’s entire platform and vision for technology and society. Ethereum co-founder Vitalik Buterin has cautioned against choosing political candidates solely based on their pro-crypto stance in an article published today. Buterin argues that this approach risks conflicting […]
