In A Nutshell MicroStrategy, a significant player in the corporate ownership of Bitcoin, has successfully finalized an $800 million convertible notes offering. This strategic move is aimed at expanding its Bitcoin holdings, leveraging the funds raised for purchasing additional Bitcoin and covering general corporate expenditures. This maneuver underscores MicroStrategy’s enduring commitment to Bitcoin as its…
In A Nutshell A recent security breach at Kraken, a major cryptocurrency exchange, led to the unauthorized withdrawal of $3 million due to a critical bug. This issue was brought to light by CertiK, a blockchain security firm, which later became entangled in a controversial dispute with Krizen over the repayment of the stolen funds….
In A Nutshell A recent controversy has emerged between the crypto exchange Kraken and the security firm CertiK. Initially portrayed as a white hat operation by CertiK, the incident involved the unauthorized withdrawal of nearly $3 million from specific Kraken accounts. While CertiK claims to have returned all the exploited funds, Kraken alleges that a…
In A Nutshell The German Federal Criminal Police Office (BKA) has reportedly transferred a substantial amount of Bitcoin (BTC), valued at approximately $425 million, involving transactions to and from different wallet addresses. Notably, a portion of this sum was sent to cryptocurrency exchanges Kraken and Bitstamp, suggesting potential plans for sale. This move follows the…
In A Nutshell A significant number of traders betting against Bitcoin, known as shorters, are currently on edge as the cryptocurrency’s price inches towards the $70,000 mark. Data from CoinGlass reveals a potential liquidation of $1.67 billion in short positions should Bitcoin achieve this price point—a level not seen in the recent 12 days. Amidst…
In A Nutshell The decentralized finance (DeFi) space is witnessing another milestone with the dYdX protocol rolling out version 5.0.0. This latest upgrade introduces isolated margin and markets, alongside support for Raydium Markets. Additionally, dYdX has expanded its footprint into the mobile arena with the launch of an Android application, enabling users to engage in…
In A Nutshell The burgeoning field of crypto clicker or idle games, exemplified by titles such as Notcoin and Hamster Kombat, is experiencing a meteoric rise in popularity. These games, which incorporate play-to-earn (P2E) mechanics within user-friendly interfaces, have amassed tens of millions of users by promising digital currency rewards for simple gameplay actions. Despite…
In A Nutshell Consensys, the developer behind the popular cryptocurrency wallet MetaMask, has announced updates to its privacy policy, aiming to enhance user control over personal data. These changes include improved transparency about IP address usage, expanded privacy features for MetaMask users, and new opt-out options. The effort reflects Consensys’ commitment to user privacy in…
In A Nutshell The cryptocurrency market remains a focal point of interest for investors, with XRP showcasing a particularly intriguing performance in recent weeks. Despite bearish attempts to thwart its progress, XRP has demonstrated resilience, maintaining a pattern of higher lows after each bullish wave. This analysis delves into the sustainability of XRP’s current bull…
In A Nutshell Coinbase International has introduced a pioneering feature in the cryptocurrency market by offering support for pre-launch markets. This innovative service enables both institutional and retail investors to trade futures on tokens and coins that are yet to be listed on the exchange. By venturing into pre-launch markets, Coinbase International aligns itself with…