Author: bitcrypto.io
In this article Bitcoin’s price has been on a roller coaster ride since it first debuted in January 2009, but the long-term trajectory has been higher – “up and to the right,” as they say. Bitcoin ushered in the age of cryptocurrency, but it took quite a while before the public sat up and took notice. Still, in little more than a decade, cryptocurrency, and in particular, Bitcoin, has become one of the most exciting trading opportunities in a long time. Bitcoin trading has created millionaires, though given that persistent rise since its debut, plenty of traders would have done…
BNB Chain, a blockchain network initiated by cryptocurrency exchange Binance, has announced its strategic outlook for 2024, introducing the “One BNB Paradigm.” The initiative, outlined in BNB Chain’s 2024 roadmap published on Wednesday, aims to consolidate its ecosystem, enhancing the integration of decentralized finance (DeFi), gaming, and artificial intelligence (AI). The plan includes goals such as improving transaction efficiency, enhancing security protocols, and fostering a more inclusive and sustainable ecosystem. The BNB Chain consists of a governance layer known as the BNB Beacon Chain, a smart contract settlement layer called the BNB Smart Chain (BSC), and a storage layer named…
‘As people chase higher yields, it will encourage the rehypothecation of ETH to riskier networks in the chase of those higher yields.’ Decentralised finance is proving once again that it remains the wild west of crypto. Speculators have poured almost $2 billion worth of Ether and derivative versions of the token into an experimental protocol that aims to make it easier for blockchain developers to set up a project on a bet they’ll be rewarded with outsized returns once it goes live. On top of that, hundreds of millions of dollars worth of cryptocurrencies have been deposited on DeFi platforms…
Daily Top Performer — Nervos Network (CKB) The SPX index was down 0.5% overnight as the market reacted negatively following the latest corporate earnings reports, particularly on downbeat earnings from Alphabet and AMD. The broader cryptocurrency market was up, with Bitcoin and Ether rising by 0.80% and 3.17%, respectively in the past 24 hours. Today’s outperformer is CKB, which jumped 22.6% after InNervation launches ‘BTCKB’ initiative to integrate Bitcoin with Nervos CKB, spearheaded by CELL Studio. Nervos Network (CKB), launched in 2018, is a dual-layered blockchain designed to enhance scalability and performance for smart contract platforms, targeting enterprise-level applications. InNervation…
The token WEN jumped almost 94% in the last four hours, with close to 503,000 trades made across different platforms. Solana’s memecoin WEN trading volume surpassed $55 million in less than eight hours, figures from trading data aggregator Birdeye show. WEN is available for claim from January 26 to January 29 on LFG Launchpad from decentralized exchange Jupiter, and more than one million wallets are eligible to receive 643,652 tokens each. At 3 pm UTC, which was the time of launch, the total amount of WEN distributed to eligible wallets could be sold at around $35. According to Birdeye, WEN price jumped almost…
Abracadabra Finance, a prominent player in the decentralized finance (DeFi) sector, has become the latest victim of a significant security breach. The DeFi protocol reportedly suffered a substantial attack, leading to a loss exceeding $6.4 million. The incident has raised concerns about the vulnerability of DeFi platforms to sophisticated cyber threats. The technical flaw exploited by attackers Security firms Blocksec and Peckshield, renowned for their expertise in blockchain security, have analyzed the attack and pinpointed the cause. According to Blocksec, the attackers exploited a rounding issue in Abracadabra Finance’s smart contract, leading to what is termed as a “precision loss.”…
KEY POINTS New York Attorney General Letitia James on Tuesday sued Citibank for allegedly failing to protect and reimburse victims of electronic fraud. The suit claims that Citi does not have strong protections in place to prevent unauthorized account takeovers, misleads victims of fraud and illegally denies reimbursements, according to a release. The attorney general’s office said the alleged failure on Citi’s part has cost New York account holders millions of dollars, and in some cases, their entire life savings. “Banks are supposed to be the safest place to keep money, yet Citi’s negligence has allowed scammers to steal millions…
KEY POINTS LONDON — A former British finance minister on Wednesday joined cryptocurrency exchange Coinbase as a global advisor, beefing up the company’s regulatory bargaining power at a time when it faces severe scrutiny stateside. Coinbase announced that George Osborne, who served as Britain’s chancellor of the exchequer from 2010 to 2016, will join the company on its global advisory council. He’ll join the likes of Mark Esper, the former U.S. Secretary of Defense and Patrick Toomey (R-PA) on the council, which is in place to “advise Coinbase on our global strategy as we grow our reach around the world.”…
The US Securities and Exchange Commission is likely to allow exchange-traded funds to hold the cryptocurrency Ethereum in May, according to Standard Chartered. May 23 is the last date by which the SEC must consider ETF applications from VanEck and Ark 21Shares, the bank wrote in a research report this week. The asset managers will be the first to come up against the final deadline. Standard Chartered expects the US regulator to rule on the applications on the final date, as it did on January 10 when it approved 10 bitcoin ETFs. Ethereum also has key similarities to bitcoin’s legal and…
The robotics industry loves a good, healthy debate. Of late, one of the most intense ones centers around humanoid robots. It’s been a big topic for decades, of course, but the recent proliferation of startups like 1X and Figure — along with projects from more established companies like Tesla — have put humanoids back in the spotlight. Proponents of the form factor point out that we’ve built our world to fit ourselves, so it makes sense that we would build robots like ourselves to fit it. There are also certain advantages in terms of reach, the ability to walk up…
