Coinbase’s cbBTC wrapped Bitcoin coming to Solana — Breakpoint 2024
Wrapped Bitcoin products allow users to retain asset control while using Bitcoin as collateral for decentralized finance applications.
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U.S Rep. Submits Bill Urging Tennessee to Study Blockchain
State Representative Dennis Powers introduced a new bill into Tennessee’s state legislature on March 3 spurring the study of blockchain technology.The bill asks the Tennessee Department of Financial Institutions to dive into research on blockchain and applications for “related technology” in finance and propose changes to any regulations standing in the way of the technology’s…
Crypto Exchange Open Interest Rises as Bitcoin Volatility Drops to New Low
Open Interest for crypto futures are rising at Bybit despite Bitcoin’s record-low volatility. 943 Total views 25 Total shares Recent data from Skew shows that open interest for Bitcoin (BTC) has been rising on the Bybit crypto trading platform, reaching a new high at $434 million on July 14 for the Tether (USDT) and USD pairs…
Mango Markets sues Avraham Eisenberg for $47M in damages plus interest
The lawsuit marks the fourth time the Mango Markets exploiter has been hit by charges or lawsuits relating to his attack on the DeFi protocol. 154 Total views 2 Total shares Own this piece of history Collect this article as an NFTMango Labs, the company behind the decentralized finance (DeFi) protocol Mango Markets has come…
$139M Terra proposal to ‘bring awesome UST use-cases’ to DeFi projects
Terra would provide over $139 million in UST and LUNA to several leading DeFi projects on Ethereum, Solana, and Polygon for at least the next six months. 450 Total views 35 Total shares Decentralized stablecoin issuer Terra issued an ambitious proposal to expand the interchain deployment of its UST stablecoin across five projects on Ethereum,…
Crypto P2P adoption in Middle East stymied by politics and tech
Data published by Arcane Research suggests that major P2P crypto platforms have struggled to take off in Iran and Lebanon. 935 Total views 1 Total shares Data published by Arcane Research suggests that despite demand for peer-to-peer crypto trading platforms in the middle east, regulations and lack of infrastructure is slowing down adoption. But undocumented migrants…
Bitcoin drops below $54K, stocks sell-off after new COVID-19 variant emerges
Crypto exchange Deribit is the absolute leader in the Bitcoin (BTC) options markets, and on Nov. 24, the 25% delta skew indicator signaled that sentiment among pro traders was becoming “more bearish overall.”We've seen 25-Delta put skew moved from around 0% to almost 10-15% pending time to expiry since beginning of Nov implying a more…
Price analysis 5/20: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, AVAX, SHIB
Bitcoin’s (BTC) tight correlation with the legacy markets continues to be a drag, especially as the United States equity markets remain in a firm bear trend. The Dow Jones Industrial Average is on track for its eighth consecutive negative week and the S&P 500 is close to plunging into the bear market territory.Celsius (CEL) CEO…
Fortnite Meets Bitcoin Lightning Network in New ‘Lightnite’ Video Game
Bitcoin-enabled (BTC) games startup Satoshis Games announced the development of a Fortnite-like game with built-in Lightning Network microtransactions dubbed Lightnite on Oct. 19.Shoot to earn BitcoinPer the announcement, all in-game interactions between players trigger a monetary reward or penalty for the user. Satoshis Games provides some examples:“In simple words, players earn Bitcoin by shooting other…