Millions of Bitcoin wallets older than 2016 could be at risk due to a vulnerability called "Randstorm," which exposes over $1 billion worth of cryptocurrency to potential brute-force attacks by hackers, according to a report by Unciphered.
ARK Invest CEO Cathie Wood suggests that SEC Chair Gary Gensler's political ambitions may be hindering the approval of a spot bitcoin ETF, despite his knowledge of and experience with cryptocurrencies. Wood believes that Gensler's desire to become Treasury Secretary and his focus on the dollar might be influencing his decisions, although she remains optimistic about the eventual approval of a spot ETF and predicts a significant growth in the cryptocurrency market.
DeFi assets like dYdX, Maker, and PancakeSwap saw significant surges in value, while Bitcoin and Ethereum experienced losses, with Ethereum dropping by nearly 3% to $2,041 per coin following news of BlackRock's application for an Ethereum ETF.
The Blockchain Association has submitted a comment in response to the IRS proposed rulemaking on reporting for digital asset transactions, suggesting modifications to the proposal as applied to centralized entities and raising concerns about the impact on decentralized finance (DeFi) and non-custodial wallet software developers, stating that the proposal is overly broad and exceeds the U.S. Treasury Department's authority.
OKX, the sixth largest cryptocurrency exchange, plans to launch its layer 2 network called "X1" using Polygon's zero-knowledge technology, joining other major exchanges in pursuing their own layer 2 solutions.
Disney has partnered with Dapper Labs to create a nonfungible token (NFT) platform called Disney Pinnacle, where users can collect and trade digital pins featuring iconic Disney characters, Pixar icons, and Star Wars heroes and villains.
The native token of the OMG Network surged to a six-month high after Vitalik Buterin praised the potential of Plasma technology to reduce transaction fees and enhance security in a blog post.
Ripple CEO Brad Garlinghouse believes that Ripple's legal victories over the SEC signal a potential shift in the regulatory approach to cryptocurrencies in the United States.
Former FTX US president Brett Harrison warns of the dangers posed by Sam Bankman-Fried (SBF) and emphasizes the importance of holding him accountable for financial fraud and deceit in the crypto industry, stating that investor support for SBF serves as a cautionary tale.
Bitcoin mining company Hut 8 reported a net loss that more than doubled and a 46% decrease in revenue for the third quarter due to operational issues, network difficulty, and the suspension of some operations.
Bitcoin (BTC) targeted $37,000 at the Nov. 14 Wall Street open as the latest United States inflation data undercut expectations, with BTC price strength returning as the Consumer Price Index (CPI) reflected slowing inflation in October.
Uniswap has released its Android mobile wallet app, allowing users to easily make swaps through the decentralized exchange without the need for a separate web browser extension.
Nvidia's Large Language Model named GenSLMs has shown a sophisticated understanding of genetic patterns by generating gene sequences that closely resemble real-world variants of the SARS-CoV-2 virus, suggesting that AI can play a major role in genetic research and personalized medicine.
Disney has partnered with Dapper Labs to launch Disney Pinnacle, a mobile-based application for trading digital collectable non-fungible tokens (NFTs) featuring Disney-related intellectual property from Lucasfilm, Pixar, and Walt Disney Animation Studios. The app aims to attract mainstream adoption of Web3 technology and provide a rejuvenating moment for the NFT market.
Crypto whales have been buying up XRP, leading to a 10% price retreat and potentially setting the stage for another price breakout as the crypto market consolidates.
Bitcoin is projected to reach near $50,000 before the block subsidy halving event in 2024, according to analyst Filbfilb.
Gareth Soloway offers a verified investing education trading series, providing unbiased analysis based on charts and data, and discusses key financial events in his live stream.
Cryptocurrency prices remained stable as the US Consumer Price Index showed flat consumer prices in October, indicating that inflation is softer than expected and suggesting that the Federal Reserve may be finished with interest rate hikes.
Venture capital firm Animoca Brands partners with Chiliz Chain to become a validator within its proof-of-stake authority protocol, aiming to combine its expertise in nonfungible tokens (NFTs) and gaming with Chiliz's focus on sports and entertainment blockchain solutions.
Disney will launch Disney Pinnacle, an NFT collectibles platform with Dapper Labs, offering pin-inspired digital collectibles based on Disney, Pixar, and Star Wars characters on the Flow blockchain.
Bitcoin, ethereum, XRP, and other major cryptocurrencies have made a comeback this year, with expectations of BlackRock's involvement in the crypto market and the upcoming bitcoin halving driving the surge in prices. A legal victory for Grayscale in its fight to convert its bitcoin trust into a spot ETF and the potential approval of U.S. bitcoin spot ETFs also contribute to the optimistic sentiment in the market.
A start-up called Unciphered has discovered a flaw in the software used for cryptocurrency wallets, potentially putting millions of wallet holders at risk of theft, and is urging users to move their funds before criminals exploit the vulnerability. The flaw, dubbed "Randstorm," was found in software created by technologist Stefan Thomas that generated vulnerable wallets with insufficiently random cryptographic keys, making them easier to crack. Unciphered has notified over a million people about the risk and is working with Blockchain.com to secure affected wallets.
Shiba Inu (SHIB) price faced rejection from a long-term resistance trend line and Fib retracement resistance level, raising uncertainty about its future breakout potential. The altcoin's price prediction will depend on whether it breaks down from the $0.0000084 support area or bounces above it.
Bankruptcy court judge ends automatic holding on claims settlement proceedings between FTX and BlockFi allowing negotiations to proceed.
U.S. inflation data for October was better than expected, with the Consumer Price Index (CPI) remaining flat and the core rate rising by just 0.2%, causing the price of bitcoin to increase and leading to expectations of a pause in interest rate hikes by the Federal Reserve.
Tether's USDT stablecoin has gained $20 billion in market capitalization in 2023, while rival stablecoin USDC has lost the same amount.
Fnality, a fintech firm backed by major institutions including Goldman Sachs and BNP Paribas, raised $95 million in funding for its tokenized currencies project, while XRP traders lost $7.26 million due to false rumors of a BlackRock ETF filing and bankrupt crypto firms FTX and BlockFi can now negotiate a claims settlement following the end of an automatic stay on proceedings.
A recent study suggests that cryptocurrency investors are becoming more similar to traditional equity investors, challenging the stereotype that they are hyperactive speculators.
Bitcoin pioneer 'Mandrik' traded baklava for 14 BTC twelve years ago, highlighting the transformative power of Bitcoin; however, Roger Ver argues that Bitcoin's high fees due to limited block size hinder its use as a peer-to-peer electronic cash system.
The X AI-inspired token, GROK, experienced a significant drop in capitalization due to its developer's association with failed projects, leading to skepticism among market observers.
The Bored Ape NFT craze has experienced a downfall, with the recent poorly organized ApeFest event in Hong Kong resulting in attendees experiencing eye injuries, highlighting the fading allure of NFTs and the questionable practices within the market.
Bitcoin miners are plugging in new rigs and experiencing record-high hashrates ahead of the upcoming halving in April 2024, which has caused an increase in miner revenues and a rise in the difficulty of mining. Smaller miners may be at risk of being wiped out, leading to potential mergers and acquisitions in the industry.
Bitcoin services platform Swan Bitcoin has informed its customers that it will terminate accounts found using crypto-mixing services due to regulatory obligations from its partner banks, following the proposed rule by US FinCEN; however, Swan Bitcoin maintains that privacy is not a crime and supports the use of mixing services.
Bitcoin and other cryptocurrencies experienced a slight decline but maintained their gains from a recent rally, indicating the potential for further price increases based on technical market conditions.
Animoca Brands has joined the Chiliz blockchain network as a validator, expanding its involvement in the sports sector and leveraging its expertise in NFTs and gaming to contribute to the Chiliz Chain's governance structure and the Chiliz SportFi ecosystem.
Coinbase has released a report stating that if approved in the US, a Bitcoin ETF would not only enable new capital to access the crypto market but also ease restrictions for large money managers and institutions to buy and hold Bitcoin, improve liquidity, and enhance price discovery for all market participants.
The recent growth in NFT sales volume indicates a positive trend that industry executives believe will continue, with NFTs playing a significant role in the evolving digital economy and potentially revolutionizing various industries.
Crypto whales have been selling off tens of thousands of Bitcoin (BTC) in the past week, with Bitcoin hitting a new high of $38,000, raising concerns of a potential drop in price to $33,000. Additionally, the altcoin Chainlink (LINK) is also anticipated to experience a significant pullback.
Wallets linked to bankrupt crypto exchange FTX have transferred millions of dollars worth of Solana (SOL) to exchanges, potentially indicating a sale on the open market, as SOL's recent rally pauses.
The price of Reddit's crypto token, Moons, has surged over 130% following an update by moderators, revealing plans to impose a hard cap on the token's supply, renounce the contract, and distribute and burn existing tokens, making it completely decentralized.
Bitcoin mining companies are racing to lock in profits as they anticipate the upcoming "halving" event, where rewards for mining will be cut in half, prompting a surge in the hashrate and an increase in mining activity.
Traders lost $7.26 million in XRP futures as prices surged and then plummeted due to a fake rumor of a BlackRock ETF filing.
Crypto.com has been granted a license to operate virtual asset services in Dubai, allowing it to provide exchange services, broker-dealer services, management and investment services, and lending and borrowing services.
The adoption of ERC-4337 smart accounts on Ethereum has been disappointing, with low user retention, low transaction activity, and unprofitable bundlers, according to account abstraction advocate John Rising; however, others argue that adoption will happen slowly and steadily.
FTX Foundation employee Ross Rheingans-Yoo is seeking $275,000 in unpaid salary bonus from FTX co-founder Sam Bankman-Fried, claiming that only a portion of his bonus was paid and the rest is owed due to FTX's bankruptcy; the fate of the bonus will be determined by a Delaware bankruptcy judge overseeing FTX's Chapter 11 bankruptcy.
The proposed redefinition of the word "broker" by the IRS could potentially destroy the decentralized finance (DeFi) industry in the United States, according to the Blockchain Association. The change would subject DeFi projects to the same reporting rules as traditional brokers, driving them out of existence or offshore. The association argues that this would compromise the privacy and trustless nature of DeFi systems. The IRS is currently reviewing public comments before making a decision on the rule.
Nvidia has had a breakout year, driving the AI revolution with updates and upgrades that set new benchmarks for computing power, including the release of the Hopper GPU chips and the development of quantum processing units (QPUs), positioning the company at the forefront of the AI revolution.
Fnality, a fintech firm, has raised $95 million in Series B funding led by Goldman Sachs and BNP Paribas to build tokenized versions of major currencies collateralized by cash held at central banks, bridging the gap between traditional finance and decentralized finance in wholesale markets.
A report revealing a culture of sexual harassment and misconduct at the Federal Deposit Insurance Corp (FDIC) has sparked discussion among crypto leaders about the prevalence of sexism in the banking sector, with some suggesting political motivations behind the timing of the report's release. Crypto executives have expressed that they have encountered similar behavior in the finance sector, highlighting the ongoing issue of sexism in American banking. Additionally, some crypto leaders have questioned the timing of the report and its potential benefits for traditional banking entities. The FDIC leaders are set to testify before the U.S. Senate Banking Committee, and the hearing is likely to be influenced by the revelations about the toxic workplace culture at the FDIC.
BlackRock's filing for an XRP exchange-traded product caused a 12% price surge that quickly reversed after the filing was confirmed as fake.