Mar 05 2024
Pantera predicts a potentially strong uptrend in crypto spanning 18 to 24 months. Institutional adoption is gaining momentum following the introduction of the spot Bitcoin ETF in January. The hedge fund projected that if decentralized finance (DeFi) on Bitcoin reaches proportions similar to Ethereum’s, the total value of DeFi applications could reach $225 billion, constituting …
Mar 05 2024
Bloomberg analysts say Bitcoin could become larger investment vehicles than gold ETFs in under 24 months. Bitcoin ETFs have absorbed over $5 billion of inflows following their launch last month. Gold funds have suffered $3.6 billion of net outflows since January 11. According to data from VettaFi, BitcoinETFs held over $37.3 billion in assets as …
Mar 04 2024
Allianz chief economic advisor Mohamed El-Erian says the Treasury market has lost its economic, policy, and technical ‘anchors’ The economist expects the market supply of treasuries to continue rising as the government issues more debt, and as the Federal Reserve remains a net seller of such debt. “The question mark is: who is gonna buy?” …
Mar 04 2024
BlackRock’s IBIT spot Bitcoin exchange-traded fund (ETF) has reached $10 billion in assets under management (AUM) within seven weeks of its launch on January 11. The fund now holds over 162,000 Bitcoin, making it one of the few ETFs to surpass the $10billion mark. Only about 150 out of 3,400 ETFs have > $10bil AUM. …
Mar 04 2024
Solana is one of the most popular blockchain ecosystems in the industry. As the network grows, more users from other blockchains migrate their coins to Solana. Many cross-chain bridges exist to transfer their crypto from different blockchains. The question, then, is, what bridge should you use? And most importantly, what is the correct way of …
Mar 03 2024
The Angel Drainer phishing group reportedly pilfered over $400,000 from 128 crypto wallets using a new tactic. A recent analysis suggests that the notorious entity exploited Etherscan’s verification tool to mask the malicious nature of a smart contract. Blockaid, a popular blockchain security company, disclosed on X (formerly Twitter) that the attack kicked off at …
Mar 03 2024
European Central Bank advisors have described the U.S. Securities and Exchange Commission’s approval of spot Bitcoin exchange-traded funds in January as “the naked emperor’s new clothes” The advisors, Ulrich Bindseil, ECB Director General for Market Infrastructure and Payments, and Advisor Jürgen Schaaf, criticized Bitcoin, outlining its unsuitability as a means of investment or payment. They …
Mar 02 2024
Four suspects have been arrested in Madrid and Guadalajara. They stole crane trucks and obtained reflective vests so they can pose as construction workers doing road maintenance. In fact they used the crane arm to knock down walls, unhook the ATM machines, load them on the trucks and drive off without witnesses paying much attention …
Mar 02 2024
The Worldcoin token, co-founded by OpenAI CEO Sam Altman, has experienced a significant increase of over 186% in the past week. Despite rising controversial views on its methods and regulatory issues, the project has had major growth recently and has attracted a lot of users. On February 18, Worldcoin shared an update on X, revealing …
Mar 02 2024
Gemini agrees to return a minimum of $1.1 billion to customers of its defunct Gemini Earn Program as part of its settlement deal with New York regulators. Gemini launched the Earn program in 2021, with Genesis, an arm of Digital Currency Group (DCG), as its partner. FTX’s crash in 2022 subsequently caused Genesis to halt …