In a significant move for the cryptocurrency landscape, Coinbase, one of the largest crypto trading platforms in the United States, has officially launched its Wrapped Bitcoin product, known as cbBTC, which is now operational on both the Base and Ethereum blockchains. This strategic development follows the platform’s earlier integration of the Lightning Network, aimed at
Crypto
Nubank, a prominent fintech bank, recently made the decision to suspend trading for its cryptocurrency, Nucoin. This abrupt change was announced in a blog post on September 10, where the bank disclosed that Nucoin can no longer be bought or sold within its app. The cryptocurrency was initially launched in late 2022 on the Polygon
Bitcoin, the leading cryptocurrency, has recently experienced a market correction of approximately 11%. Additionally, the digital asset has been subject to volatile price swings in the past two weeks, leading to uncertainty among investors. Despite a brief rebound to $58,000, Bitcoin’s price still has a significant distance to cover before reaching its previous all-time high
In recent market analysis, ITC Crypto founder Benjamin Cowen and MN Consultancy founder Michaël van de Poppe have identified key patterns and trends in the Ethereum market. Cowen pointed out a wedge chart pattern that mirrors previous cycles, indicating a potential breakout due to an impending interest rate cut. On the other hand, van de
Bitcoin recently experienced a significant surge in price, jumping from $53,600 to over $58,000 in a single day. This surge has left many in the crypto community speculating about what might have caused this sudden increase in value. One of the potential reasons behind this surge could be linked to the US spot Bitcoin ETFs,
Bitcoin (BTC) faced a significant decline in price over the weekend after the release of August nonfarm payrolls (NFP) data. The price dropped by nearly 5% to trade below the $54,000 range, hitting its lowest level since early August. This downward trend in price led to the liquidation of $200 million in long positions, contributing
The recent alert issued by the United States Federal Bureau of Investigation (FBI) has shed light on the aggressive attacks carried out by North Korean hackers against the crypto industry. These attacks are not just random acts of cybercrime but are carefully planned and executed using sophisticated social engineering tactics. Even individuals within the crypto
In the world of cryptocurrency, Ethereum has long been considered a major player alongside Bitcoin. However, in recent years, Ethereum’s performance relative to Bitcoin has shown a significant decline. This decline has been attributed to various factors, signaling potential challenges for the future of Ethereum. Transition from Proof-of-Work to Proof-of-Stake One of the major events
Over the past week, Bitcoin experienced a tumultuous journey in terms of price fluctuations. The digital asset initially surged towards the $60,000 mark on Tuesday, only to face a sharp rejection that sent it spiraling down to $55,500 by Wednesday. This downward trend continued as another lower high on Thursday brought the price further down
Bitcoin’s market price on crypto exchanges recently fell to its lowest price since the early August massacre, dropping below $50,000 for the first time since the implementation of spot Bitcoin ETFs in the US. Following this dip, BTC has seen a 7% decrease in the past seven days, indicating that bears may be back in