In A Nutshell Coinbase, a leading cryptocurrency exchange, has announced the integration of the Lightning Network for Bitcoin transactions. This new feature offers users the option for faster and more cost-efficient transfers by leveraging the layer-2 Lightning Network technology. The move aims to enhance the user experience by providing instantaneous Bitcoin transfers, contrasting the traditional…
In A Nutshell A defunct decentralized finance (DeFi) lending protocol, Yield Protocol, experienced a security breach resulting in the loss of approximately $181,000 in crypto assets. This incident occurred on the Arbitrum blockchain and involved the exploitation of smart contracts by an unknown hacker. Despite the protocol’s closure in December 2023 due to insufficient business…
In A Nutshell April has marked itself as a significant month in the realm of cryptocurrency security, with a historic low in financial losses due to exploits and scams. A report from the blockchain security platform CertiK reveals that only $25.7 million was lost to such incidents throughout the month. This figure represents a dramatic…
In A Nutshell The liquid restaking protocol Renzo has recently made headlines by launching its native token, REZ, through an airdrop, marking its entry into the cryptocurrency market with a staggering $289 million market cap. This event not only underscores the growing interest in liquid staking solutions but also highlights the potential for significant financial…
In A Nutshell A recent debate has emerged between Ripple’s CTO, David Schwartz, and Cardano’s co-founder, Charles Hoskinson, primarily focused on the alleged regulatory favoritism towards Ethereum, dubbed as ‘ETHGate’. This discussion highlights concerns over fairness and transparency within cryptocurrency regulation and questions the influence of Ethereum community members on regulatory decisions impacting Ripple’s XRP….
In A Nutshell Bitcoin mining profitability has plunged to its lowest since June 2021, raising concerns over the sustainability of miners in the post-halving landscape. The reduction in block rewards from 6.25 BTC to 3.125 BTC per block post-halving has significantly impacted miners’ earnings, creating a challenging environment especially for smaller mining operations. Concurrently, selling…
In A Nutshell Recent observations have highlighted a significant uptick in Cardano (ADA) accumulation by large-scale investors, commonly referred to as “whales,” despite a notable 30% dip in its market value over the past month. This phenomenon raises questions about the potential for a bullish reversal in ADA’s price trajectory. With a daily average of…
In A Nutshell As the cryptocurrency community continues to navigate through the volatile waters of market dynamics, Bitcoin (BTC) finds itself at a crossroads. Recent analyses have highlighted a strong correlation between BTC’s price movements and US liquidity levels. This relationship suggests that upcoming changes in fiscal liquidity, especially in the latter half of 2024,…
In A Nutshell The recent decline in Bitcoin dominance has sparked interest among investors towards altcoins, such as Chainlink (LINK), as potential investment opportunities. The decrease in Bitcoin’s market capitalization share suggests a shifting landscape that could favor altcoins. With specific technical indicators pointing towards a possible uptick for altcoins like LINK, investors are closely…
In A Nutshell A lesser-known Solana-based memecoin, BONKKILLER, has astonishingly claimed a market capitalization of $328 trillion, surpassing the economic output of the entire world. However, this valuation is not a sign of success or viability but the result of a honeypot scam operation where the token’s creator has implemented measures to prevent any sales,…