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This Network Had as Many Users as Ethereum in 2023: Flipside Data
Polygon, a layer-2 scaling network, nearly matched Ethereum’s user base in 2023, as reported by blockchain analytics firm Flipside.
Polygon acquired 15.24 million users that year, coming close to Ethereum’s 15.4 million,…
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What Needs to Happen for Bitcoin to Mark a Local Bottom? CryptoQuant Reports
Analysts at market intelligence platform CryptoQuant have revealed that BTC’s price bottoming signal can not be triggered until unrealized profit margins for short-term holders reach -10%.
According to the CryptoQuant…
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Bitcoin Miners Are Selling to Cover Investments Post Halving
Bitcoin market selling pressure is increasing, and miners are adding to it in what has been described as a ‘strategic move.’ According to analysts, savvy Bitcoin miners will likely continue to increase the sale of assets to cover costs…
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UK accelerates Digital Pound design amid privacy concerns and banking criticism
Treasury and BOE intensify efforts to explore CBDC feasibility and design options.
Emphasis is on privacy and security…
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Jack Dorsey Believes Bitcoin Will Drive ‘World Peace’ and ‘Energy Abundance’
In a recent interview, Jack Dorsey and Luke Dashjr shared their insights on the current state and future trajectory of Bitcoin.
The interview also shed light on Ocean Mining’s innovative efforts to combat the…
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More Platforms Targeted, Less Loot in 2023
In recent years, there has been an increase in cyber attacks linked to North Korea, with groups like Kimsuky and Lazarus Group employing various malicious strategies to obtain significant amounts of crypto assets.
Last…
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SEC confirms X account hack happened after “SIM swap”
SEC says hacker that compromised its X account used a “SIM swap” attack.
The unauthorised access had seen the hacker…
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Will Bitcoin Halving Put Mining Firm Riot Out of Business?
The crypto landscape is bracing for a seismic shift with the upcoming 2024 Bitcoin halving, casting a shadow of uncertainty over mining enterprises such as Riot Platforms.
Once valued at $3 billion, Riot now sits at a market cap of $2.1…
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Bitcoin ETF Issuers Acquire Over 86,000 BTC, Valued at $3.63 Billion
Bitcoin ETF issuers, except for Grayscale, have collectively acquired more than 86,000 BTC at an average price of $42,000, an investment of $3.63 billion, according to on-chain analyst Ali on X.
The sustained high…
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Binance Labs Thrives Amidst Market Challenges with 25 New Investments in 2023
Despite a challenging market and waning trust in centralized crypto entities, Binance Labs disclosed 25 new investments in 2023.
In the latest report, Binance Labs primarily focused on decentralized finance (DeFi), Web3…
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