In A Nutshell The cryptocurrency sector recently witnessed a substantial heist involving $71 million in Wrapped Bitcoin (WBTC), stolen through a sophisticated wallet impersonation scam. After a period of inactivity, the thief began dispersing the ill-gotten gains across various digital wallets, complicating the efforts to track and recover the funds. Overview of the $71 Million…
In A Nutshell The Bitcoin market is showing signs of what could be interpreted as a bullish setup for the near future. Two significant indicators, the funding rate and the 3-month annualized basis rate, have returned to levels suggesting a potential uptrend. This analysis draws upon recent observations by experts in the cryptocurrency field, suggesting…
In A Nutshell According to a recent report by investment banking company Keefe, Bruyette & Woods (KBW), the trading platform Robinhood is facing a potentially legal challenge from the Securities and Exchange Commission (SEC) after being issued a Wells Notice. Despite the SEC’s action, KBW suggests that Robinhood’s conservative approach to cryptocurrency listings could position…
In A Nutshell The utilization of Artificial Intelligence (AI) in the financial sector poses unprecedented risks, as highlighted by philosopher Yuval Noah Harari during the Bank for International Settlements Innovation Summit. Harari emphasizes the necessity of robust institutions to manage these risks effectively, pointing out the crucial role of financial systems in establishing trust and…
In A Nutshell Solana (SOL) has witnessed a significant rally, increasing by 27.2% in just six days. As it approaches the critical resistance level of $160, market observers are keenly watching to see if this momentum can push the cryptocurrency’s value to new heights. Despite the bullish trend on higher timeframes and booming NFT sales…
In A Nutshell The Starknet Foundation recently unveiled a $5 million Seed Grants Program, signaling a strong commitment to fostering innovation within the blockchain ecosystem. This initiative is designed to provide financial assistance to at least 200 projects, offering $25,000 in USDC to each selected team. The primary aim is to support projects in their…
In A Nutshell Ethereum’s ecosystem is on the brink of a significant upgrade aimed at enhancing user interaction with cryptocurrency wallets. The proposed Ethereum Improvement Proposal, known as EIP-3074, seeks to streamline the process by which users authorize transactions, potentially revolutionizing the way we interact with digital assets. This development could have profound implications for…
In A Nutshell MoonPay, a leading cryptocurrency buying app, has announced a groundbreaking partnership with global fintech powerhouse PayPal. This collaboration empowers MoonPay users in the United States to effortlessly purchase cryptocurrencies using PayPal. The integration supports transactions through wallet transfers, bank transfers, and debit card payments. This strategic alliance not only enhances user experience…
In A Nutshell Crypto venture capital (VC) funding has maintained a robust momentum, reaching the $1 billion mark for the second consecutive month in 2024. This consistency marks a notable resurgence in investment enthusiasm within the crypto sector since the latter part of 2022. April witnessed a total of $1.02 billion in funding allocated across…
In A Nutshell The Bitcoin testnet, a crucial tool for developers, faces challenges due to “block storms” and the misuse of testnet Bitcoin (TBTC) by certain projects. Jameson Lopp, a prominent figure in the Bitcoin community, calls for a testnet reboot to maintain its integrity and utility for development purposes. Lopp’s concerns highlight the need…