DZ Bank, the second-largest bank in Germany, said on Thursday that it would begin testing retail crypto trading this year. The cryptocurrency-friendly financial institution intends to pilot Bitcoin transactions with clients after launching a cryptocurrency custody platform in November last year. Sometime later this year, DZ Bank will reportedly begin
February 1, 2024 1 min read
ZachXBT, an on-chain independent investigator reported that a huge breach at Ripple had resulted in the loss of almost 213 million XRP, which is worth about $112.5 million. Major crypto firm’s security practices came under scrutiny after the event, which was revealed on January 31, 2024, caused widespread worry among
January 31, 2024 2 mins read
Decentralized platform Abracadabra.money’s stablecoin, MIM, had a precipitous decline to $0.76 after news of a $6.5 million vulnerability. Initial details of the hack were revealed by blockchain security company PeckShield at 11:35 UTC Tuesday. The organization went on to say that the attack was funded using Tornado Cash, a sanctioned
January 31, 2024 1 min read
Co-Founder of Ethereum Vitalik Buterin recently explored the dynamics of the crypto industry’s integration with AI. He recently published an analysis that discussed the potential benefits and significant obstacles of using AI in cryptocurrency. Vitalik Buterin simplifies the complex dynamics by classifying the interactions between blockchain and AI into four
January 31, 2024 2 mins read
Since May 2022, the LUNC burn campaign within the Terra Luna Classic community has surpassed 95 billion LUNC. The community’s efforts to decrease the amount of LUNC circulating have reached another milestone. By far, Binance has contributed more than 51.7% of the total burn, or about 50 billion LUNC. By
January 28, 2024 1 min read
With only four days remaining in the month of January, the volume of Ethereum (ETH) options trading across leading crypto derivatives exchanges hit a record high of $17.9 billion. On Friday at 3:00 a.m. ET, almost 932,000 ETH options expired across several centralized derivatives exchanges, based on options data from
January 28, 2024 2 mins read
Following investment bank Oppenheimer’s decision to upgrade Coinbase’s stock rating from “perform” to “outperform” and set a price target of $160 per share, citing the company’s strength and the toughness of its management team, Coinbase’s (COIN) share price increased by as much as 6% on Friday. Analyst Owen Lau mentioned:
January 27, 2024 2 mins read
The crypto sector’s long-awaited desire was granted two weeks ago when the United States SEC permitted Bitcoin spot ETFs for trading. There was a lot of buildup to this historic event, and the eleven ETFs all had strong first-day trading volumes. Nevertheless, the market’s first response to this highly anticipated
January 27, 2024 1 min read
An application by Grayscale Investments to transform its Ethereum trust product (ETHE) into an exchange-traded fund (ETF) was postponed by the U.S. SEC. The regulatory body had done the same thing the day before with BlackRock’s request for a comparable vehicle. A judgment on BlackRock’s spot Ethereum ETF was postponed
January 26, 2024 1 min read
Known popularly as Digital Pound and Britcoin, the digital currency of the United Kingdom’s central bank is now in active development. In order to keep up with the rapidly developing technology of digital currency, the UK thinks these steps are crucial. A Central Bank Digital Currency (CBDC), more popularly known
January 25, 2024 2 mins read
