In brief DeFi theft and fraud resulted in $1.5 billion in losses last year. This year, the figure has ballooned to $10.5 billion, aided by higher asset prices. Hacks, thefts, rug pulls, and fraud schemes. What do these decentralized finance exploits all have in common? Someone on the other end loses money. And not just a little. Try $10.5 billion…
The first rule of Bitcoin (BTC) trading should be “expect the unexpected.” In just the past year alone, there have been five instances of 20% or higher daily gains, as well as five intraday 18% drawdowns. Truth to be told, the volatility of the past 3-months has been relatively modest compared to recent peaks. Bitcoin historical 90-day annualized volatility. Source:…
The price of bitcoin has dipped below the $60K zone, a number of people have been talking about the third-largest bitcoin address called “1P5ZED” which has accumulated thousands of bitcoin during the last few days. Nobody knows who the owner of the wallet is but it holds more than 111,359 bitcoin as it’s been steadily accruing bitcoin since the wallet’s…
Keep3rV1 (KP3R) was one of the few altcoins that emerged unscathed from this week’s bearish turn in the crypto market. While many digital assets plunged into the red following the lead of Bitcoin (BTC), which recoiled after recording a new all-time high last week, KP3R added 31.60% against the dollar and 44.17% against BTC between Nov. 12 and Nov. 19.…
In brief Square is a financial payments company led by Jack Dorsey. It has been working on a decentralized asset exchange since the summer. Square, the financial services company helmed by Twitter’s Jack Dorsey, wants to do more with Bitcoin than just allow people to buy it on its Cash App. It’s working on a way to let people trade…
The march toward blockchain and cryptocurrency mass adoption has made significant strides in 2021 as the growth of decentralized finance (DeFi) and nonfungible tokens (NFT) thrust crypto into the mainstream media spotlight on a daily basis. From the rise of meme coins such as Dogecoin (DOGE) and Shiba Inu (SHIB) to the breakout popularity of the play-to-earn gaming model and…
If you can’t beat ‘em, join ‘em. That’s the recent acquiescent stance of the Federal Deposit Insurance Corporation (FDIC) after the chairman of the board of directors, Jelena McWilliams, expressed a few weeks ago, “If we don’t bring this activity [Bitcoin] inside the banks, it is going to develop outside of the banks. … The federal regulators won’t be able…
The annual Sports Illustrated (SI) Awards have just revealed the line-up for the firm’s 2021 awards show that will broadcast live from the Seminole Hard Rock Hotel and Casino in Hollywood, Florida. This year, fans will be able to win a whole bitcoin from FTX as the crypto exchange has partnered with the SI Awards ultimate sports sweepstakes. This Year’s…
The below is a direct excerpt of Marty’s Bent Issue #1114: “Multisig option are expanding.” Sign up for the newsletter here. via Twitter via Twitter via Twitter Here’s some exciting news from Hugo Nguyen, the announcement of Nunchuck 2.0 which aims to “take bitcoin self-custody to the next level via the power of multi-user multisig”. Nunchuk is a desktop and…
Jack Dorsey, co-founder, and CEO of both Square and Twitter, released a white paper Friday detailing plans for Square’s decentralized Bitcoin (BTC) exchange tbDEX. Unlike most decentralized exchanges, or DEXs, tbDEX will not utilize a trustless model, and therefore will not feature its own governance token. Instead, it is a message protocol designed to facilitate trust relationships without relying on…
