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Unknown attacker causes headaches during Pectra upgrade on Sepolia
The recent Pectra upgrade for the Ethereum Sepolia testnet has faced significant setbacks, underscoring the challenges involved in the evolving world of blockchain technology. According to Ethereum developer Marius van der Wijden, the upgrade, implemented at 7:29 am on March 5, was marred by errors, particularly an attack exploiting an "edge case" that led to…
Continue ReadingBitcoin (BTC) Briefly Tanks to $80K, Leaving Over $600 Million in Liquidations
Bitcoin’s recent price fluctuations have drawn attention, particularly over the weekend when it stabilized around $86,000, displaying minimal volatility. This calm was short-lived as the bears regained dominance, driving the price down to as low as $80,000 within hours. The ramifications of this downward trend have been significant for over 220,000 traders who were over-leveraged…
Continue ReadingUS dollar plunge powers Bitcoin bull case, but other metrics concern: Analyst
A recent analysis by Real Vision crypto expert Jamie Coutts sheds light on the current dynamics of Bitcoin in relation to a weakening US dollar. According to Coutts, while the depreciation of the dollar could create a bullish environment for Bitcoin, two specific indicators—Treasury Bond volatility (measured by the MOVE Index) and widening Corporate Bond…
Continue ReadingLutnick Plays Down Recession Fears at Bitcoin Lingers in 80K Range
Treasury Secretary Howard Lutnick has made a bold assertion that the U.S. economy remains strong despite rising concerns from Wall Street about a forthcoming recession. During an appearance on the Sunday edition of Meet the Press, Lutnick expressed unwavering confidence, stating, “Absolutely not,” when asked if Americans should brace for an economic downturn. “There’s going…
Continue ReadingBrazil blockchain goes postal, Gemini, Kraken IPO plans and more
Crypto Exchange Gemini Contemplates Initial Public Offering Gemini, the well-known cryptocurrency exchange co-founded by billionaire twins Cameron and Tyler Winklevoss, is weighing the possibility of launching an initial public offering (IPO) this year. In a recent Bloomberg report, it was revealed that major investment firms Goldman Sachs and Citigroup are involved in the preliminary stages…
Continue ReadingCanada’s new prime minister once said Bitcoin had ‘serious deficiencies’
The Liberal Party of Canada has confirmed Mark Carney as the new Prime Minister following a decisive electoral victory on March 9, ushering in a significant shift in the nation’s leadership after Justin Trudeau’s seven-year tenure. Carney, a seasoned financial expert and former central banker, is notable for his critical stance on Bitcoin and other…
Continue ReadingUtah’s Senate passes Bitcoin bill — but scraps key provision
Utah’s recent legislative maneuvering surrounding cryptocurrency marks a significant albeit controversial chapter in the state’s approach to digital assets. The HB230 “Blockchain and Digital Innovation Amendments” was passed by the Utah Senate on March 7, but not without notable alterations. The most significant change was the removal of the proposed reserve clause that would have…
Continue ReadingPump.fun Tokens Drop to September 2024 Lows
While the broader cryptocurrency market continues to experience a downturn, certain segments, particularly meme coins, seem to be losing momentum. Recent data from the blockchain analytics platform Dune reveals that the number of meme tokens created via the Solana-based platform Pump.fun has significantly dropped, with figures dipping below 12,000—an alarming decline reminiscent of the lows…
Continue ReadingDePIN needs thoughtful regulation — not lawsuits
It seems the U.S. Securities and Exchange Commission (SEC) is still grappling with the remnants of its "regulation by enforcement" framework, which was emphasized during Gary Gensler’s tenure as chair. This past approach has left the crypto landscape in a state of uncertainty, particularly for emerging sectors like decentralized physical infrastructure networks (DePIN). As the…
Continue ReadingUSDC Gains Ground on Binance as Regulatory Changes Challenge Tether’s Dominance
Binance has witnessed a notable uptick in the dominance of USDC as regulatory shifts transform the landscape of stablecoins. One year ago, USDC’s market share on Binance was a mere 0.48%, overshadowed by USDT’s significant 68.67% share and FDUSD’s 30.84%. However, over the last 12 months, USDC’s presence has surged to 8.26%, representing an astonishing…
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