In A Nutshell Bitcoin is teetering on the edge of entering a phase dubbed the “Banana Zone,” a term coined by GMI founder Raoul Pal, indicating a potential euphoric price surge. However, this venture into optimism demands a reversal in three pivotal indicators as identified by analysts. The current landscape sees Bitcoin miners increasing their…
In A Nutshell Bitcoin witnessed a sharp decline, plunging to new one-month lows of $64,000 after a brief attempt to surpass the $67,000 mark. Despite early positive movements, the momentum could not be sustained, leading to a significant drop in price within hours. This recent fluctuation has sparked discussions among traders and analysts regarding the…
In A Nutshell Recent analytics from Nansen reveal a significant sell-off among the top recipients of the zkSync (ZK) token airdrop, with 41% of the top 10,000 addresses divesting their entire holdings. This move contributed to a sharp 34.5% decrease in the ZK token’s price since its introduction. Despite the initial excitement surrounding the airdrop,…
In A Nutshell Alex Lab’s Bitcoin bridge, XLink, has announced partnerships with Fireblocks and Ancilia following a recent security breach that led to a loss of $10 million in user funds. These collaborations aim to enhance XLink’s security infrastructure by introducing multiparty computation (MPC) technology and real-time threat detection, emphasizing a strong commitment to preventing…
In A Nutshell On June 17, blockchain security firm CertiK announced that approximately $4.3 million in stolen cryptocurrency from the March Remilia DAO exploit was laundered through Tornado Cash. This sum, predominantly in Ether (1,209.5 ETH), originates from a breach that occurred on March 16, involving the theft of substantial amounts of Ether and non-fungible…
In A Nutshell Storm Partners, a Swiss blockchain solutions provider, has taken a significant step towards advancing Web3 innovation by launching an innovation sandbox named “Lightningbox” in Geneva. This initiative seeks to encourage mass blockchain adoption and foster a culture of innovation among industry leaders by providing institutional-grade Web3 tools for startups and builders. With…
In A Nutshell MultiversX, a smart contract platform, has introduced Sovereign Chains, a solution set to revolutionize layer-2 (L2) networks by enhancing their transaction and smart contract processing capabilities. This advancement claims to boost the transaction speed of existing L2 blockchain networks by an impressive 100 times, potentially achieving up to 100,000 transactions per second…
In A Nutshell Joseph Lubin, CEO of Consensys and co-founder of Ethereum, recently shared insights with Cointelegraph on the unparalleled challenges and complexities inherent in the crypto industry. According to Lubin, the sector is possibly navigating through “the hardest thing in software history,” given its vast potential threats, vulnerabilities, and the intricate nature of digital…
In A Nutshell Binance Coin (BNB), after achieving an all-time high (ATH), has entered a correction phase, with its price declining over 12% from the peak. Despite the downward trend, indicators such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) present a mixed sentiment, suggesting a potential rebound. This article delves…
In A Nutshell Yat Siu, the co-founder and chairman of Animoca Brands, recently shared his insights on the future of blockchain and cryptocurrency adoption, focusing on the gaming sector as the primary catalyst. During an episode of Decentralize with Cointelegraph, recorded at the Consensus 2024 conference in Austin, Texas, Siu expressed optimism about the near-term…