Bitget Wallet Surpasses MetaMask in Downloads The Bitget Wallet, which was formerly named BitKeep, was purchased by the Bitget exchange for $30 million in 2023. Overview of Download Trends The Bitget Wallet, a self-custodial cryptocurrency wallet operated by the Bitget exchange, recently outpaced its major competitor, MetaMask, in terms of downloads. Data from the crypto […]
Bitcoin Faces Key Support Level Amid Macroeconomic Conditions Bitcoin appears to be in a favorable position due to increasing global M2 money supply; however, a dip below $58,000 could result in significant liquidations. Bitcoin’s Current Situation Despite the optimistic macroeconomic outlook surrounding Bitcoin, there is a looming risk of over $500 million in liquidations, which […]
Liquidators Pursue $1.3 Billion Claim Against Terraform Labs The liquidators of the defunct cryptocurrency hedge fund Three Arrows Capital (3AC) have filed a significant claim against Terraform Labs, alleging misrepresentation about the stability of tokens within the Terra ecosystem. Background of the Claim On August 9, 2023, 3AC liquidators submitted a claim in the bankruptcy […]
Analyst Predicts Bitcoin Price May Align with Gold Bull Run in Three Months The price movements of Bitcoin (BTC) often mirror the upward trends of gold, albeit with a delay typically spanning several months of stagnation in the Bitcoin market. Bitcoin’s Future Trends According to Analysts An analyst noted on August 13 that Bitcoin’s price […]
TeraWulf’s Bitcoin Mining Declines 21% in Q2, Eyes AI Development TeraWulf, a Bitcoin mining company, reported a decrease of 21% in its Bitcoin production during the second quarter, mining a total of 699 Bitcoin. Despite this decline, the company exceeded analyst expectations by generating $35.6 million in revenue during the same period. Quarterly Performance Overview […]
Understanding Recent Crypto Exploits and Vulnerabilities A look into recent threats and how to protect yourself in the crypto landscape. DeFi Exploit: iVest Suffers Donation Attack On August 12, iVest Finance, a decentralized finance (DeFi) protocol, experienced a significant exploit totaling $156,000. This information comes from QuillAudits, a blockchain security firm. Typically, transferring tokens to […]
Bitcoin Price Potentially Set for Significant Uptrend if Chart Formation Validates A distinctive trading pattern suggests a substantial upward movement for Bitcoin’s price in the coming months. Chart Analysis Indicates a Bullish Scenario According to a trader, Bitcoin (BTC) might witness a dramatic price surge if a bullish chart pattern, specifically a descending broadening triangle, […]
Expansion of Crypto ETFs to Include New Asset Types and Indexes The rapid growth and adoption of cryptocurrency exchange-traded funds (ETFs) in the United States have exceeded expectations, according to insights from an executive at Grayscale Investments. Future of Crypto ETFs Dave Lavalle, Grayscale’s global head of ETFs, indicated during a recent webinar that the […]
Bitdeer Reports 50% Increase in Gross Profits Amid Bitcoin Mining Expansion Despite experiencing a rise in hashrate, the Bitcoin mining company faced a net loss of $17.7 million during the second quarter of 2024. Financial Highlights According to Bitdeer’s earnings report released on August 12, the company achieved a gross profit of $24.4 million for […]
Potential Bitcoin Price Decline to $52K as Trader Sentiment Drops Recent negative trends in US economic indicators and subtle shifts in the Bitcoin options market indicate a possible intensification of Bitcoin’s price struggles. Market Analysis of Bitcoin Volatility On August 12, Bitcoin (BTC) saw notable fluctuations, initially dropping 3.2% in under an hour to $57,844, […]
