In August, cryptocurrency hackers managed to steal a staggering $313.86 million in digital assets through more than 10 cyberattacks, casting doubt on the broader acceptance of the asset class. According to blockchain security firm PeckShield, phishing attacks were the primary method used …
BlackRock’s iShares Bitcoin Trust (IBIT) exchange-traded fund (ETF) has experienced its second-ever day of outflows since its launch in January, according to data from Farside Investors. On August 29, the ETF recorded a net outflow of $13.5 million, following a previous outflow …
Grayscale, one of the world’s largest crypto asset managers, is facing a significant challenge as its Bitcoin holdings in the Grayscale Bitcoin Trust (GBTC) have plummeted by over 60% amid increasing competition from other funds, particularly ETFs. The company converted its Bitcoin …
Altcoins Suffer Heavy Losses as Bitcoin Drops Below $59k On August 28, 2024, the cryptocurrency market experienced a significant downturn as most altcoins saw double-digit drops while Bitcoin, the largest crypto asset, dropped 6% over the past day. This sharp decline in …
The Bitcoin price has been on a rollercoaster ride in recent weeks, with investors eagerly watching for signs of a bullish breakout or a potential crash. After a sharp decline earlier this month that saw the price plunge to $49,000, the largest …
Bitcoin Runes, a protocol for non-fungible tokens (NFTs), has made a significant impact in the cryptocurrency market since its launch in April. According to data from Dune Analytics, the protocol has generated an impressive $162.4 million in fees from over 15.6 million …
Bitmain, the leading Application-Specific Integrated Circuit (ASIC) chip manufacturer in the Bitcoin mining industry, is facing new threats to its dominance. The potential return of Donald Trump to the White House is putting pressure on Bitmain’s supremacy, according to a report by …
Blockchain developers have recently unveiled a whitepaper for BitVM2, a new and improved version of the Bitcoin sidechain technology. The whitepaper introduces updates to the existing BitVM platform and presents a new bridge design that aims to enhance security and reduce the …
Cryptocurrency analyst and trader, Bob Loukas, has issued a cautionary statement to investors regarding the current price stagnation of Bitcoin. With the leading cryptocurrency consolidating between the $58,000 and $61,000 price levels, Loukas predicts that no major rally will take place before …
Marathon Digital, the largest public Bitcoin miner by realized hash rate, has made a significant investment in Bitcoin after raising $300 million from a convertible senior notes offering. The company announced on August 14 that it had purchased $249 million worth of …