$100M Bitcoin liquidated as BTC drops: Will ETF investors panic sell?
Despite BTC falling below the realized price of ETF buyers, ETF holders did not panic sell, but a deeper correction remains on the horizon.
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Crypto losses to deep fakes could reach $25B in 2024 — Bitget
Criminals are using deep fakes more than ever, causing $79.1 billion in losses since 2022.
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Elliptic Launches Tool to Connect Banks with Cryptocurrency Exchanges
London-based cryptocurrency compliance firm Elliptic has launched a new tool that allows banks to work more closely with crypto exchanges.Dubbed Elliptic Discovery, the product collects detailed profiles of more than 200 global crypto exchanges to enable banks to manage risks associated with crypto transactions, Business Insider reports Dec. 11.Elliptic Discovery includes data collected since 2013Designed…
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CME Group Bitcoin Futures Reported Record Trading Volume on April 4
Leading United States derivative market CME Group pointed out that its Bitcoin (BTC) futures reported a record trading volume on April 4, according to their tweet.Per the tweet, the volume of its Bitcoin futures hit an all-time-high of over 22,500 contracts on April 4, which is equivalent to about 112,700 BTC. The previous record has…
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China: Shenzhen Special Economic Zone to Include Digital Currency Research
On Aug. 18, the Central Committee of the Communist Party of China outlined the plans for the future development of the Shenzhen Special Economic Zone, including the research and promotion of digital funds and the national cryptocurrency based on the renminbi.According to Chinese news agency STCN:“Mutual recognition of fund products. Promote interoperability with Hong Kong…
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DeFi security project ‘Lossless’ helps recover $16.7M from Cream Finance hack
Lossless also plans to ship a security tool that will reportedly aid DeFi projects in preventing hacks and exploits on their platforms. 309 Total views 7 Total shares Lossless, adecentralized finance, or DeFi, security outfit has assisted in the recovery of 5,152.6 Ether (ETH) siphoned during the Cream Finance exploit that occurred in August.Tweeting on…
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Bitcoin Network Transfers $1 Billion ‘For Price of a Cup of Coffee’
The CEO of cryptocurrency exchange Bitstamp has highlighted Bitcoin’s (BTC) utility after funds worth almost $1 billion changed hands for less than $4 in fees.Bitcoin fees too small to comprehendAs blockchain monitoring resource BitInfoCharts confirmed on Oct. 14, the transaction at wallet and storage provider Xapo involved a total of 112,027.29 BTC.Previously, Bitstamp had transferred…
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Non-Custodial Smart Wallet Seeks to Widen Access to Crypto and DeFi
A non-custodial smart wallet for both cryptocurrencies and decentralized applications (DApps) has sealed fresh funding as its attempts to challenge existing offerings in the industry.Speaking to Cointelegraph on March 9, Itamar Lesuisse, the co-founder and CEO of the wallet’s developer, Argent, revealed that the London-based startup had raised $12 million in a Series A led…
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Bitcoin self-custody advocate explains why on-ramps are key to adoption
Cypherpunk Jameson Lopp highlights the need for easier-to-use, improved self-custody solutions and more on-ramp avenues to drive Bitcoin adoption. 529 Total views 1 Total shares Software developer Jameson Lopp believes improving usability and user experience of Bitcoin (BTC) self-custody solutions and making more avenues to acquire BTC will be key in further adoption of the…