Category Archive: Cryptocurrency, No picture
How Web3, AGIX, and FET innovations impact the ETH to BTC exchange
The emergence of Web3, a decentralized and transparent internet iteration, has brought about significant changes in various industries, including the cryptocurrency exchange landscape. Alongside this paradigm shift, innovative projects like SingularityNET’s AGIX and Fetch.ai’s FET are reshaping the way we approach the exchange of digital assets, particularly the conversion of Ethereum (ETH) to Bitcoin (BTC).In […]
Symbiotic launch disrupts restaking landscape: IntoTheBlock
The launch of restaking protocol Symbiotic brought another evolving step to the restaking landscape, according to IntoTheBlock’s “On-Chain Insights” newsletter. Symbiotic reached its cap for liquid staking tokens in less than 48 hours, and its popularity is bolstered by a $5.8 million investment from Paradigm and cyber.Fund. EigenLayer has seen 48% of all Liquid Staking […]
Bitcoin’s delayed breakout signals a healthy bull market, suggests analyst
Bitcoin’s prolonged period of price consolidation could be setting the stage for a robust bull market, according to technical analyst Rekt Capital. “The fact that Bitcoin is struggling to break out is beneficial for the overall cycle,” Rekt Capital explained in a recent post on X. “This continued consolidation is enabling price to resynchronize with […]
Trezor unveils Safe 5, its new hardware wallet with a Bitcoin-only variant
Crypto hardware manufacturing company Trezor has launched a suite of new products aimed at promoting self-custody of digital assets. Unveiled onstage at BTC Prague 2024, the lineup includes the Trezor Safe 5 hardware wallet and the “Trezor Expert” onboarding service.The Trezor Safe 5 enables users to securely store, manage, stake, and use thousands of cryptocurrencies […]
Gary Gensler could “literally cost Joe Biden the election,” says Mark Cuban
Billionaire entrepreneur Mark Cuban has openly criticized Gary Gensler, the Chairman of the US Securities and Exchange Commission (SEC), suggesting his actions could jeopardize President Joe Biden’s chances in the upcoming election.Speaking at Coinbase’s State of Crypto Summit 2024, Cuban highlighted the potential political fallout from the SEC’s stance on crypto, which he believes could […]
Galaxy Digital CEO believes memecoins have more to offer than laughs
Memecoins, often inspired by internet jokes or cultural phenomena, have been dismissed by many industry experts for their perceived lack of utility. However, Galaxy Digital CEO Mike Novogratz believes that these meme tokens have a strong narrative that captures investor attention beyond just humor. “Memecoins – whether you’re a fan or not – have become […]
Gensler says FTX ‘is not unique,’ warns crypto exchanges are commingling functions
In a Senate Appropriations Committee hearing today, SEC Chairman Gary Gensler warned that the controversial practices of the now-defunct crypto exchange FTX are not isolated incidents in the industry. “That is not unique,” Gensler said, referring to FTX’s commingling of functions. “It’s happened in multiple places that there’s this commingling.” Gensler emphasized the differences between […]
Ethereum ETF S1 approval likely by this summer, SEC’s Gensler suggests
SEC Chairman Gary Gensler has indicated that the approval of the S1 for an Ethereum ETF could be expected in the coming summer. GENSLER SEES ETH ETF S1 APPROVAL SOMETIME IN SUMMER Source: DB | Coins: ETH — db (@tier10k) June 13, 2024 The SEC has approved 19b-4 forms for multiple Ethereum ETF issuers, including […]
Curve Finance CEO liquidated for $140 million of CRV
Curve Finance founder Michael Egorov got liquidated today for $140 million of Curve’s native token CRV, as reported by Arkham Intelligence. Egorov borrowed nearly $96 million in stablecoins, mostly crvUSD, against his collateral in CRV on five different protocols.As highlighted by Arkham, Egorov is paying $60 million in interest per year to keep his positions […]
Bitfinex takes crypto to hedge funds and trading desks through Hidden Road partnership
Crypto exchange Bitfinex has partnered with the global credit network Hidden Road to broaden institutional access to digital assets. Institutional investors connected with Hidden Road will now be able to access Bitfinex’s digital asset offerings. “I am thrilled to welcome Hidden Road and their customer base to the most resilient digital assets exchange platform on […]
