World Liberty Financial, backed by the family of U.S. President-elect Donald Trump, on Wednesday exchanged about $10 million worth of Coinbase’s (COIN) wrapped bitcoin, cbBTC, for rival WBTC. Wrapped bitcoin is a form of the world’s largest cryptocurrency that can be used in decentralized finance (DeFi) on blockchains other than Bitcoin. Coinbase introduced cbBTC in … Read more
Curve founder Michael Egorov was liquidated for 918.83K CRV ($882,000) after CRV fell by more than 12% over the past 24-hours. The head honcho of the decentralized finance (DeFi) lending platform suffered a series of mammoth liquidations earlier in 2024 after taking out loans to purchase CRV and bolster the price. $140 million in total … Read more
EMBARGOED UNTIL 19 DECEMBER 2024 @ 9:00 AM ET Blockchain security firm Blockaid said a full 59% of crypto tokens introduced this year were “malicious in nature.” The number of nefarious tokens being sold into the open market ties in with the rising memecoin narrative that has been consistent throughout this cycle. There are now … Read more
BTC’s rise to record highs earlier this week is expected to allow miners to extend their November profitability into December, according to a report by investment bank Jefferies on Wednesday. Bitcoin mining economics improved in November as the average price of bitcoin was 31% higher while the average network hashrate rose by almost 4%, the … Read more
Another bitcoin miner, Hut 8 (HUT), has decided to pull the trigger on buying bitcoin in the open market, following the likes of MicroStrategy (MSTR) and MARA Holdings (MARA). The Miami, Florida-based company said it bought about 990 bitcoin for an average price of $101,710 each. The latest purchase will bring the amount of bitcoin … Read more
Craig Wright, who falsely claimed to be Satoshi Nakamoto, the pseudonymous creator of bitcoin, is in court again. This time, the Crypto Open Patent Alliances is arguing Wright’s attempt to sue for 900 million pounds ($1.1 billion) over intellectual property rights related to the Bitcoin system in October amounts to contempt of court after a … Read more
By Omkar Godbole (All times ET unless indicated otherwise) If you were looking forward to a quiet Christmas away from your computer, expecting bitcoin to rise steadily through the year-end, forget it. Looks like the Fed has dashed those plans. First of all, Chair Jerome Powell’s comments distancing the central bank from President-elect Donald Trump’s … Read more
Ilya Lichtenstein, who pled guilty last year to charges related to the 2016 theft of 120,000 bitcoin from Bitfinex, has made his first public statement since his 2022 arrest. In a five-minute video posted to X (formerly Twitter) on Thursday, Lichtenstein reiterated that he was the hacker and that he acted alone, denying speculation in … Read more
Wednesday, Dec. 18, will go down in history as a day of market panic triggered by the 25 basis point Fed rate cut and Chair Jerome Powell’s hawkish outlook. Bitcoin (BTC) briefly tumbled below $100,000; U.S. equities dropped around 3%, while the dollar index (DXY) index soared to a two-year high of 108, which continues … Read more
The year 2024 has marked a significant breakthrough for digital assets, particularly for bitcoin (BTC), driven by increased institutional adoption. This shift has occurred through two key avenues: first, the integration of bitcoin into public balance sheets as a treasury asset, and second, the success of U.S. spot-listed exchange-traded funds (ETFs) that have amassed over … Read more