Bitcoin Dives Below $67K, Crypto Market Suffers $426M Liquidations
Bitcoin’s price plunged below $67,000, leading to over $426 million in liquidations across the crypto market. The broader market experienced losses in tandem with Bitcoin’s dip.
Cryptocurrency
Read More
Coinbase Sees Massive Bitcoin Outflows Amid Market Correction
Coinbase experienced its second-largest Bitcoin outflow this week, with two massive withdrawals totaling 33,800 BTC, potentially signaling bullish sentiment and institutional interest, despite a recent market correction.
Dogecoin Drops 14% as Crypto Market Pulls Back
The cryptocurrency market has been engulfed in a wave of selling pressure over the past 24 hours, with most digital assets experiencing substantial price declines. This market-wide pullback was primarily driven by Bitcoin’s price crash, which saw the flagship cryptocurrency shed around $3,000 in value. As a result, altcoins, including the beloved meme coin Dogecoin…
Vitalik Buterin’s ‘Degen Communism’ for a Fairer Crypto Economy
Vitalik Buterin proposes ‘degen communism,’ a concept that combines the adventurous spirit of ‘degen’ culture with a structured approach to ensure market volatility doesn’t disproportionately harm smaller users. He suggests prioritizing smaller stakeholders during hacks or project collapses before compensating larger investors, promoting a more equitable system.
US-UK Crack Down on Hamas-Linked Crypto Terrorism Financing
The US and UK authorities have intensified their crackdown on entities allegedly linked to terrorism financing via cryptocurrencies following the October 7th attacks on Israel. Sanctions have been imposed on two individuals and three entities, including Gaza Now, a pro-Hamas social media outlet, and two London-based businesses for their involvement in fundraising efforts for the Palestinian group.
Consensys Defends Ethereum’s PoS Security, Urges SEC Approval for Spot ETH ETFs
Consensys, the Ethereum infrastructure firm, has submitted a comment letter to the SEC defending Ethereum’s proof-of-stake (PoS) security and urging the approval of spot Ether exchange-traded funds (ETFs).
Ethereum Hits 1M Validators, Raising Decentralization Concerns
The Ethereum network has hit a significant milestone by reaching 1 million validators, with 26% of its total supply staked, highlighting the strong commitment to its proof-of-stake (PoS) consensus mechanism. However, this surge has prompted concerns from the community about potential issues related to decentralization and network congestion.
‘Crypto King’ Sam Bankman-Fried Sentenced to 25 Years for FTX Fraud
Sam Bankman-Fried, the former billionaire co-founder of the failed crypto exchange FTX, has been sentenced to 25 years in prison for defrauding customers and investors, marking a dramatic downfall for the once-celebrated “Crypto King.”
Crypto Euphoria Builds as X Payments Launch Beckons in 2024
The cryptocurrency community is abuzz with excitement as the prospect of Elon Musk’s X platform rolling out payments this year gains momentum, fueling hopes for the integration of digital currencies like Dogecoin (DOGE) into the social media giant’s ecosystem.
Kelp Merges Tech and Monetary Theory for Stable Crypto Payments
Kelp, a stability-focused cryptocurrency initiative, introduces a unique blend of technology, on-chain data, AI, and monetary theory to offer a stabilized digital currency, aiming to address the challenges of volatility and regulatory compliance that hinder mass adoption of cryptocurrencies.