Bitcoin-based decentralized finance (defi) protocol Hermetica has launched its BTC-backed synthetic dollar, USDH, on Bitcoin’s layer one (L1) through the Runes protocol. The company also announced plans to scale its Bitcoin-native defi operations using layer two (L2) solutions like Stacks. Hermetica Launches BTC-Backed Stablecoin USDH Hermetica‘s USDH offers Bitcoin holders a new way to maintain …
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According to recent statistics from July 16, 2024, Google Trends data reveals a significant increase in interest for the term “ethereum,” climbing from a score of 57 out of 100 on July 14 to a peak of 82 on Monday. Similarly, the search query “bitcoin” saw a rise, moving from a score of 71 to …
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U.S. spot bitcoin exchange-traded funds (ETFs) saw their seventh consecutive day of inflows on Monday, attracting $301.04 million. Both IBIT and ARKB experienced nearly identical inflows, each drawing in $117 million. Bitcoin ETFs Attract Inflows as IBIT and ARKB Lead the Charge The week began with seven out of 11 spot bitcoin ETFs receiving $301.04 …
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Bitcoin price displayed surprising strength after various market participants absorbed over 48,000 BTC that the German government sold.
Two hours after Match Systems claimed to have discovered the identity of Angel Drainer developers, users began complaining that the app no longer worked.
A crypto strategist who nailed the Bitcoin pre-halving correction this year thinks BTC has carved a mid-cycle bottom. Pseudonymous trader Rekt Capital shared a chart with his 483,500 followers on the social media platform X that he says suggests the top crypto asset’s post-halving downtrend has come to an end. “The Bitcoin correction is over.” Source: …
Ethereum is likely gearing up to outrun Bitcoin (BTC) after the launch of spot ETH exchange-traded funds (ETFs), according to analytics firm Kaiko. In a new report, Kaiko says the “mood in crypto markets is much changed” since May when the U.S. Securities and Exchange Commission (SEC) approved spot Ethereum ETFs. “The mood in crypto …
July 16, 2024 – Majuro, Marshall Islands Multipool, a leading innovator in the blockchain and cryptocurrency industry announces strategic partnership with Tokinvest with the goal of transforming tokenized RWA (real-world asset) trading. This partnership aims to take RWA trading to the next level with an end-to-end dual market solution for RWA token offerings, secondary market …
The North Korean hacking outfit, Lazarus Group, could be responsible for the cyber attack on a Japanese crypto exchange in May that led to the loss of Bitcoin (BTC) worth hundreds of millions of dollars, according to an on-chain sleuth. Pseudonymous blockchain investigator ZachXBT tells his 610,500 followers on the social media platform X that cybercriminals …
The world’s top crypto exchange Binance is now facing an October 11th Nigerian court date for tax evasion charges, according to a local report. A new Ripples Nigeria report indicates Binance entered a not-guilty plea Friday, and Justice Emeka Nwite of the Federal High Court, Abuja, set the new October court date to rule on …
LiFi Protocol, an asset swap and bridge platform compatible with Solana and EVM chains, has been exploited for about $10 million. The DeFi platform acknowledged the breach but did not reveal the exact amount lost. It urged community members to avoid interacting with its system. It wrote: “Please do not interact with any LIFI powered …
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Crypto lobbying expenditures have surged dramatically over the past seven years, according to a new study by Social Capital Markets. The research reveals a staggering 1,386% increase in lobbying spend by crypto companies, rising from $2.72 million in 2017 to $40.42 million in 2023. The study highlights a significant acceleration in lobbying efforts, with nearly …
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The Zcash community has approved a proposal to allocate 20% of block rewards for a new decentralized grants system. The Zcash Foundation announced that most of the community supported the “Lockbox for Decentralized Grants Allocation,” with the proposal receiving about 63% of the community’s support. This decision follows a poll by the Zcash Community Advisory …
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Bitcoin’s rally past $64,000 caused a significant spike in exchange activity. Data from Glassnode showed a sharp increase in exchange inflows between July 14 and July 15, increasing from 12,684 BTC to 49,769 BTC. It indicates that many market participants moved their Bitcoin to exchanges, likely to realize profits driven by the price rally. The …
Japan-based Metaplanet said it has acquired additional Bitcoin, according to a July 16 statement. The firm announced that it purchased 21.88 BTC, worth ¥200 million (equivalent to $1.26 million) at an average price of ¥9 million ($57,701) per coin. Metaplanet furthered that this acquisition aligns with its prior announcement of plans to invest ¥1 billion …
Continue reading “Bitcoin buy propels Metaplanet stock up 10%, total holdings now 225 BTC”
