Category: crypto

Bitcoin is facing market pressure as large holders increase exchange activity, leading to deteriorating investor sentiment. The Bitcoin Exchange Whale Ratio has surged to levels not seen since last year, indicating dominance by large entities. This, combined with declining sentiment, suggests a cautious tone in the market with lower conviction on both sides. Interest from…

Zoth, an Ethereum-based platform for tokenized real-world assets, experienced its second major security breach in less than three weeks on March 21, resulting in $8.85 million in digital assets being drained. The company is working with security experts to investigate and offering a $500,000 bounty for information on the hacker. The attack involved the compromise…

Kraken cryptocurrency exchange has listed APENFT (NFT) tokens, introducing trading pairs in USD and EUR. APENFT, launched in 2021 on TRON blockchain, has reached over $430 million in market cap with 2.16 million unique holders. It has collaborated with top art houses, launched NFT marketplace, and introduced NFT Pump tools. Kraken’s listing boosts APENFT’s global…

Metaplanet, a Tokyo-listed Bitcoin treasury firm, appointed Eric Trump to its new Strategic Board of Advisors on March 21. He is the first official member of the board, which aims to advance financial innovation and Bitcoin adoption. This move reflects Metaplanet’s commitment to building a top-tier advisory team and Trump’s experience in real estate, finance,…

Crypto-focused media outlet Watcher Guru confirmed that its official X account was hacked to spread fake news about Ripple and SWIFT partnering for XRP use in global payments. The unauthorized post gained attention before being clarified as false. Similar to another breach, the source of the hack remains unknown. Watcher Guru is contacting X for…

The US government may be planning to overhaul USAID, with blockchain technology playing a key role in improving efficiency and transparency in aid distribution. A leaked memo suggests rebranding the agency and prioritizing outcomes over activities. This move aligns with a broader interest in blockchain technology at the federal level.

Lloyds Auctions is selling the domain XBT.com, closely linked to Bitcoin’s financial identity, with bidding starting at $2,798,917. The auction has generated media attention and speculation but has not received any bids yet. XBT is the ISO currency code for Bitcoin and has strategic importance in financial institutions and crypto markets.

China is concerned about the increasing dominance of US dollar-backed stablecoins in global finance. A senior economist warns that this could further solidify US control over the international monetary system. China is urged to expand the use of the digital yuan to counterbalance the influence of dollar-denominated stablecoins.

Strategy, formerly MicroStrategy, raised over $700 million through a preferred stock offering to buy more Bitcoin. The offering exceeded expectations, with strong investor interest in fixed income rather than the company’s stock. Concerns about managing long-term obligations due to limited liquidity from holding over 499,000 BTC were raised. Recommendations to strengthen cash flow include lending…

The Runes Protocol, a Bitcoin-based fungible token standard, has introduced a major upgrade with “agents” to enable Automated Market Makers (AMMs) on Bitcoin’s Layer 1. This aims to improve decentralized trading capabilities while maintaining Bitcoin’s security. The upgrade was announced by creator Casey Rodarmor on March 20, aiming to tackle inefficiencies in Bitcoin-based token trading…