Bitcoin bulls run out of steam yet again as BTC price action returns to its pre-CPI position. Source: https://cointelegraph.com/news/bitcoin-back-gains-hawkish-fed-bulls-70k
Month: June 2024
Self-custodial Bitcoin wallet Bitkit launches on app stores
Synonym’s Bitkit, a self-custodial Bitcoin wallet, launches on iOS and Android, promoting user control over BTC transactions without third-party intermediaries. Source: https://cointelegraph.com/news/bitkit-self-custodial-bitcoin-wallet-launch-ios-android
Privado ID spinoff takes identity control solution beyond Polygon
Polygon’s zero-knowledge self-sovereign identity solution looks to provide privacy with assured authenticity. Source: https://cointelegraph.com/news/privado-id-self-sovereign-identity-control
UwU Lend faces second hack during $20M reimbursement process
UwU exploiter strikes again and steals $3.5 million from the lend protocol as they begin the reimbursement process. Source: https://cointelegraph.com/news/uwu-lend-second-hack-20m-reimbursement
Inverse futures contract, explained
Inverse futures contracts are a type of derivative where traders use the underlying cryptocurrency (like Bitcoin) as collateral but settle profit/loss in a stablecoin (like USDT). Source: https://cointelegraph.com/explained/inverse-futures-contract-explained
As UK Elections Approach, Crypto Industry Leaders Turn Attention to Keir Starmer, Labour Party
With U.K. opinion polls indicating a strong performance by the Labour Party in the July 4 elections, crypto executives and lobbyists are reportedly focusing their attention on party leader Keir Starmer. The crypto industry has also prioritized two other pro-tech Labour Party leaders in its ongoing effort to influence the U.K. government’s policy on digital […] Source: https://news.bitcoin.com/as-uk-elections-approach-crypto-industry-leaders-turn-attention-to-keir-starmer-labour-party/
Curve Finance soft liquidation works, but CRV plunges 28%
Curve Finance’s LLAMMA successfully handled liquidation during a hack attempt, but CRV token fell by 28%, sparking concerns in the DeFi community. Source: https://cointelegraph.com/news/curve-finance-soft-liquidation-crv-drops-28
Bitfarms pushes back against Riot’s $950M takeover attempt
Riot’s $950 million buyout offer is met with resistance as Bitfarms’ stakeholders and special committee deem it undervalued and not in shareholders’ best interests. Source: https://cointelegraph.com/news/riot-950m-bitfarms-takeover-rejected
Memecoins are a ‘cornerstone’ of crypto: Galaxy’s Novogratz
Galaxy Digital CEO Michael Novogratz has hailed memecoins as the “most powerful narratives out there” but others in the crypto industry are not so confident. Source: https://cointelegraph.com/news/memecoins-cornerstone-crypto-galaxy-digital-novogratz
Bitcoin 92-day consolidation is setting up a ‘massive’ rally — Traders
Bitcoin is now trading in its “longest” consolidation period, but the longer the consolidation, the “larger the expansion,” according to traders. Source: https://cointelegraph.com/news/bitcoin-price-set-massive-rally-amid-92-days-consolidation-period