Tether, the issuer of the USDt stablecoin, recently minted another $1 billion USDt tokens on the Tron network, surpassing Ethereum in authorized USDT supply. As of May 14th, Tron held $73.7 billion in authorized USDT, exceeding Ethereum’s $74.5 billion. The…
Coinbase, the world’s third-largest cryptocurrency exchange, recently thwarted a $20 million extortion attempt following a data breach. Cybercriminals bribed several overseas customer support contractors to gain access to internal systems and steal limited user account data. Coinbase confirmed that no…
Jim Chanos, a prominent short-seller and former Bitcoin critic, has executed a novel trading strategy: shorting MicroStrategy (formerly Strategy) stock while simultaneously buying Bitcoin. This move, revealed at the Sohn Investment Conference, stems from Chanos’ belief that a significant price…
Arthur Hayes, former BitMEX CEO, boldly predicts Bitcoin (BTC) will reach $1 million within the next three years, driven by global macroeconomic shifts. His prediction, detailed in a May 15th blog post, hinges on two key factors: foreign capital repatriation…
AlAbraaj Restaurants Group, a Bahrain-based publicly listed catering company with a $24.22 million market cap, has adopted a Bitcoin treasury strategy in partnership with 10X Capital. This follows a similar model to MicroStrategy, aiming to establish itself as a prominent…
XRP’s price action presents a mixed outlook, with short-term bearish signals countered by long-term bullish potential. Technically, XRP has formed a double top near $2.65 and broken down from a rising wedge pattern, both suggesting a potential price drop. The…
Coinbase, the third-largest cryptocurrency exchange globally, recently thwarted a $20 million extortion attempt. A group of external actors, employing bribed customer support contractors, gained unauthorized access to internal systems and stole limited user account data. Coinbase clarified that this breach…
The integration of cryptocurrencies and stablecoins into traditional finance (TradFi) is gaining momentum, driven by their potential to enhance payment efficiency and modernize existing financial systems. A key area ripe for disruption is collateral management, a complex process involving stringent…
Bitcoin’s price is currently battling to reclaim the $100,000 mark and a $2 trillion market cap, a crucial support level lost in early February. Analyst filbfilb notes that while dips below $100,000 are possible, the overall market sentiment remains bullish.…
Pi Network, a mobile-first blockchain, has launched a $100 million venture fund to bolster its ecosystem. This initiative, Pi Network Ventures, marks a significant investment from the Pi Foundation, the organization behind Pi Network, allocating funds from its 10% ecosystem…
