Wrapped Bitcoin supplied on Aave hits record high despite backing fears 

Ether now accounts for 19.2% of the overall cryptocurrency market, whereas Bitcoin dominance has fallen to 40.7%. 6996 Total views 16 Total shares The market capitalization of Ether (ETH) has increased at a much faster rate than Bitcoin’s (BTC) over the past year, highlighting the relative outperformance of ETH versus BTC over that period. In its…

NFT’s could be a vehicle to legitimize ill-gotten gains for the crypto elite. The nonfungible token space has been a hive of activity over the past month or so but there could be more going on than meets the eye as concerns emerge over the sector’s involvement in money laundering and tax evasion.Crypto investor and…

FTX raised $400 million funding shortly after its U.S.-based sister firm raised the same amount last week. 633 Total views 20 Total shares Despite growing fears over a potential cryptocurrency market downturn, major industry firms like FTX keep gaining momentum by securing hundreds of millions in fresh funding.FTX Trading, the owner and operator of Sam…

Bitcoin (BTC) price slid from levels near $11,000 Aug. 20 as momentum which sparked bullish sentiment at the start of the week fizzled.Market visualization. Source: Coin360Bitcoin lingers below $11K resistanceData from Coin360 showed BTC/USD abandoning its shot at passing $11,000, having risen from levels near $10,700 on Monday.The pair was trading back at those levels…

Bitcoin (BTC) reclaimed $29,000 overnight into May 4 as the United States banking crisis risked spawning new victims.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewGold, Bitcoin benefit from U.S. banking mayhemData from Cointelegraph Markets Pro and TradingView tracked a swift change of mood for BTC/USD, which hit $29,242 on Bitstamp.The pair had sunk to daily lows…

The ‘Ledger hacker’ who siphoned away at least $484,000 from multiple Web3 apps on Dec. 14 did so by tricking Web3 users into making malicious token approvals, according to the team behind blockchain security platform Cyvers. According to public statements made by multiple parties involved, the hack occurred on the morning of Dec. 14. The

Confidence in centralized exchanges appears to be waning as Bitcoin flows into self-custody wallets at near-record levels. 818 Total views 5 Total shares Bitcoin (BTC) investors have been increasingly moving their holdings to self-custody solutions following the collapse of the world’s second-largest crypto exchange last week.On-chain exchange flow data is showing a surge in withdrawals…

New York state financial regulators have issued virtual currency licenses to two subsidiaries of crypto derivatives firm Seed CX: Seed Digital Commodities Market LLC (SCXM) and Zero Hash LLC.In a press release published on July 15, Financial Services Superintendent Linda A. Lacewell announced that the New York State Department of Financial Services (DFS) has approved…

The bank plans to enable users to make phone payments by integrating its e-CNY app with specialized "super SIM cards" that have near-field communication capabilities. Bank of China, one of the largest state-owned banks in China, is currently conducting trials for a novel offline payment system that connects to SIM cards. This payment method is…