Unit bias psychology promotes holding entire units, which might make prospective investors wary of purchasing fractional Bitcoins, says Gabor Gurbacs, an advisor at VanEck. One such answer he proposes is the use of Bitcoin exchange-traded funds (ETFs). Gurbacs said in a series of tweets on Twitter that a lot of
January 7, 2024 1 min read
According to Arthur Hayes, the price of Bitcoin might fall by as much as 40% in March. A week of market chaos is on the horizon, according to a recent post by the ex-CEO of crypto exchange BitMEX. As the first spot Bitcoin ETFs in the U.S are expected to
January 6, 2024 1 min read
The DeFi token Lido DAO (LDO) gained attention because of its spectacular price increase. On January 6, the cryptocurrency reached a new 52-week high of $3.60 and gained more than 15% as per data from CoinMarketCap. Spot On Chain reported on twitter that in the wee hours of Saturday, a
January 6, 2024 1 min read
CertiK, a firm that audits blockchain security, had a major breach on January 5, 2024. The hacking of the business’s social media account happened in the wee hours of Friday. The hacker used this vulnerability to start a phishing campaign, sending fake messages to CertiK’s followers. A phishing link was
January 6, 2024 2 mins read
The Africa Stablecoin Consortium (ASC) has been granted permission by the Central Bank of Nigeria (CBN) to test the cNGN stablecoin in a regulatory sandbox. On February 27, 2024, the new stablecoin will be released. Moreover, the cNGN stablecoin is in full compliance with all regulations and standards imposed by
January 5, 2024 2 mins read
With a price increase of over 10,000% in little over a year, Bonk (BONK), a meme coin built on the Solana (SOL) blockchain, has perhaps been the most successful so far. There have been a number of other meme coins that have also done quite well. The Polkadot community has
January 4, 2024 2 mins read
According to a recent announcement by the digital payment’s behemoth Visa, its new Web3 loyalty program will include interactive treasure hunts and gamified prizes. Brands will be able to build digital wallets on behalf of customers to store reward points and experiences using the customer engagement platform called the Visa
January 4, 2024 1 min read
As optimism grows that the U.S.-based spot bitcoin ETFs will soon get regulatory clearance, the price of bitcoin momentarily climbed above $45,500 in the last 24 hours. Centralized exchanges saw a large liquidation of short positions due to the recent price surge. The bulk of the more than $81 million
January 2, 2024 2 mins read
Total value locked (TVL) across DeFi protocols has hit $52 billion, an annual peak not seen since the days leading up to FTX’s demise in November 2022. This comeback is significant because the industry has had a rocky past since FTX and other companies went under. The controversies surrounding these
December 31, 2023 1 min read
Data from CryptoQuant reveals that miners’ bitcoin reserves hit a new low which was last seen in May after a wave of withdrawals this week, suggesting increasing selling pressure as Bitcoin achieves a gain of over 13% in December. Miner reserves are the total amount of coins kept in the
December 30, 2023 1 min read
