Bitcoin price eyes 'relief rally' to $61K after downside liquidation wipeout

Despite this year’s uncertainty that has plagued the global economy, 2020 will go down as the year of the stablecoins due to the digital sector’s tremendous growth, with new developments emerging across the board. While some attribute this growth to the booming interest in decentralized finance among crypto enthusiasts, others see it as a bullish…

Stablecoin operator Tether accidentally minted and subsequently burned 5 billion USDT tokens, Whale Alert tweeted on July 13.Whale Alert — a Twitter account dedicated to reporting large cryptocurrency transactions — noted that 50 million USDT tokens were transferred from cryptocurrency exchange Poloniex to the Tether Treasury via the Omni protocol on the Bitcoin (BTC) blockchain.…

DeFi is "flourished by human greed," according to a developer for the exploited project 3326 Total views 21 Total shares There may be good news on the horizon for the victims of one of DeFi’s largest-ever exploits. At 5:30 AM UTC today, a Meerkat Finance developer identifying themselves as “Jamboo” posted a short message in a…

On Dec. 2, the United States dollar index (DXY), an index that measures the dollar's strength against a basket of top foreign currencies, reached 104.40 which was the lowest level seen in 5 months. To recap, the U.S. dollar's weight against the basket of top foreign currencies grew by 19.6% in 2022 until late September as…

“Bitcoin” had been an unfamiliar term to many individuals just a few years ago. While cryptocurrency continued to enter the mainstream, Bitcoin (BTC), Ether (ETH) and other digital assets were being discussed more frequently. Recently, “Bitcoin” searches across Google hit a record high in 2020, and “Buy Crypto” searches surged for the first time at…

The Brazilian non-profit Alinha Institute has launched their Alinha Tag, aiming to inform customers of the labor conditions of the workshops that produced their clothes.As per a Cointelegraph Brasil report from July 3, the new Alinha Tag is especially concerned with forced labor in Brazil’s fashion industry. According to Brazilian business newspaper Valor Económico, over…

Funds are flowing back into GBTC, data suggests, as CEO Sonnenshein reiterates plans to turn Grayscale crypto funds into ETFs. 910 Total views 13 Total shares The Grayscale Bitcoin Trust (GBTC) is echoing bullish sentiment in Bitcoin (BTC) as its premium over spot price rises to its highest since May.Data from analytics resource Bybt shows…

“After an attempted attack yesterday, some serious hashing power was unleashed today at 11:46 am and attackers are succeeding,” said Lucas Nuzzi of Coin Metrics, referring to the Bitcoin SV chain. 2539 Total views 67 Total shares Bitcoin SV (BSV) has reportedly suffered a “massive” 51% attack beginning around 11:45 am Tuesday, resulting in up…