Solana-based DApps rake in record fees as memecoin frenzy returns
Five of the top 10 crypto protocols by fee earnings in the last 24 hours were on Solana.
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Bloomberg: Bitcoin could hit $500k or drop to zero
Limited supply and increasing demand are pushing Bitcoin into becoming digital gold. In September’s crypto outlook newsletter, Bloomberg’s analyst Mike McGlone observed that the price of Bitcoin (BTC) could either be heading to the $500,000 mark, or it could fail. McGlone has continued to reiterate that in his view, Bitcoin is set to become digital…
Ethereum bulls likely to profit $130 million on ETH options despite two-week slump
Ether (ETH) investors have no reason to complain after the 344% gains accumulated in 2021 until Nov. 24. Still, analysts fear that the $4,000 resistance test on Nov. 19 is forming a descending channel that aims at $3,600 by mid-December, an 18% correction from the current $4,400 price.Despite outperforming Bitcoin (BTC) by 16% in the…
Coinbase posts $1.1B loss in Q2 on ‘fast and furious’ crypto downturn
Crypto exchange giant Coinbase has cited a "fast and furious" downturn of the crypto markets as the reasons behind a staggering $1.1 billion net loss in the second quarter of 2022, which also saw trading volume and transaction revenue tumbling. It's the second consecutive quarter of loss for the crypto company and the largest loss since…
Bakkt’s Bitcoin Futures Trading Volume Soars 796% in One Day: Report
The trading volume of Bitcoin (BTC) futures on the Intercontinental Exchange’s (ICE) Bakkt platform reportedly soared to 224 contracts on Oct. 9 — 796% higher than the previous day.According to the tracking data compiled by Twitter account Bakkt Volume Bot (@BakktBot) — which is not affiliated with Bakkt but rather with Dutch journalist and cryptocurrency…
VeChain Loses $6.6M in VET Tokens to Hacker in Attack on Buyback Wallet
14 MINUTES AGO VeChain token slips over 4% after an unknown hacker has redirected $6.6 million from the VeChain Foundation’s buyback wallet. An unknown hacker has moved 1.1 billion VeChain tokens via the VeChain Foundation buyback address to a personal wallet News Note: This story is breaking and will be subject to updates.VeChain Foundation’s wallet…
Big Move Brewing for Bitcoin Price But Stocks Will Decide $6K or $8K
Bitcoin (BTC) is trading down 1.72% over the last 24 hours and 1.5% for today’s session. Looking at performance relative to its peers and in contrast, Ether (ETH) and EOS have also posted losses over the last 24 hours but remain somewhat more resilient. As a result, Bitcoin dominance is down 63.7%. Crypto market daily performance.…
Most ‘fear’ in 3 months as $26.4K becomes key — 5 things to know in Bitcoin this week
Bitcoin (BTC) emerges from a hectic macro week to circle some classic trend lines near $26,000 — what could happen next?After some brutal tests of traders’ resolve over the past seven days, the BTC price is still determined to hold familiar ground.Market participants are in “wait and see” mode as a lack of clear direction…
UK Law Commission affirms English and Welsh laws apply to smart contracts
“The Law Commission’s analysis demonstrates the flexibility of the common law to accommodate technological developments, particularly in the context of smart legal contracts,” said the announcement. 802 Total views 39 Total shares The U.K. Law Commission, tasked with monitoring the laws in the United Kingdom and recommending reforms, has said England and Wales do not…