ETF issuer 21Shares’ parent company on Tuesday announced the launch of its own “wrapped” Bitcoin token on the Ethereum blockchain. 21.co said that its latest product—dubbed 21BTC—aimed to “usher in the next phase of decentralized finance (DeFi) and to help enable DeFi’s broader adoption.” You may have heard of “wrapped Bitcoin” and wrapped tokens—how do they work? Natively put your…
The first trading day of September was awash in red, with the technology sector hard hit. Once high-flying Nvidia (NVDA) led the losses, although Apple, Microsoft, and Google were also down for the day. Nvidia (NVDA) suffered the most during the Tuesday bloodbath, with its stock plunging 9.53% to $108 from its open at $116.02. The drop brought a massive…
Bitfinex’s analysts expect bitcoin’s price to potentially drop to the low $50,000s or mid $40,000s if the Federal Reserve cuts interest rates this month. The “historical price action for September also aligns with our view of a projected 20 percent drop in bitcoin prices following a rate cut,” the Bitfinex analysts said. Bitfinex Predicts Bitcoin […] Source: https://news.bitcoin.com/analysts-anticipate-bitcoin-falling-to-40k-level-as-fed-rate-cuts-loom/
Altcoins fought an uphill battle for the first eight months of 2024, but several signs are suggesting that an explosive recovery is imminent. Source: https://cointelegraph.com/news/signs-point-likely-altcoin-rally-final-months-2024?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Polygon Labs is making major strides toward the future of its network on Wednesday. On September 4, the Ethereum scaling network will complete a migration from its longstanding MATIC token to POL, which will then become the native token of its network. The migration forms an integral part of the Polygon 2.0 roadmap. Ahead of the shift, here’s a look…
Turkey has reportedly formally requested to join the BRICS economic bloc to expand its global influence and establish new alliances beyond its traditional Western partners. Turkish President Recep Tayyip Erdogan’s administration views the shifting geopolitical landscape as an opportunity to strengthen ties with both Eastern and Western nations while remaining committed to NATO. Erdogan emphasized […] Source: https://news.bitcoin.com/turkey-seeks-to-join-brics-to-strengthen-global-influence/
These crypto leaders had it all, but that couldn’t stop them from going to jail. Source: https://cointelegraph.com/news/crypto-execs-jail-regulation-law-crime?utm_source=rss_feed&utm_medium=rss%3FREFRESH1635396711918&utm_campaign=rss_partner_inbound
These crypto leaders had it all, but that couldn’t stop them from going to jail. Source: https://cointelegraph.com/news/crypto-execs-jail-regulation-law-crime?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Cryptocurrency hacks have stolen $1.21 billion in funds so far in 2024, a 15.5% increase from 2023. Source: https://cointelegraph.com/news/penpie-protocol-exploited-suffers-27-million-loss?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
The SpaceX subsidiary claimed the Brazil Supreme Court decision was “illegal,” but it would comply by suspending access to the social media platform. Source: https://cointelegraph.com/news/starlink-blocking-x-court-order-elon-musk?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
