Bitcoin, the world’s largest cryptocurrency, has slipped below the $59,000 mark, marking a weekly loss of over 3.5%. This downturn comes amidst signs of waning demand, particularly from professional investors, as evidenced by significant net outflows from major exchange-traded funds (ETFs) like BlackRock’s iShares Bitcoin Trust (IBIT). While retail investor interest appears to be ticking
Former U.S. President Donald Trump has never been one to shy away from bold business ventures, and his latest foray into the world of cryptocurrency is no exception. In an intriguing move that has captured the attention of both his supporters and critics, Trump is launching a new crypto business venture called World Liberty Financial.
President Nayib Bukele of El Salvador continues to be a strong advocate for Bitcoin, despite acknowledging that the cryptocurrency’s adoption in his country has not yet met the high expectations he initially set. In a recent interview with TIME Magazine, Bukele shared his thoughts on El Salvador’s journey since becoming the first country in the
In a significant move to enhance its global footprint and developer offerings, Alchemy, a leading blockchain developer platform, has acquired Bware Labs, a prominent infrastructure provider, signaling a new phase in its strategic growth. This acquisition marks Alchemy’s largest to date and is poised to boost its workforce by approximately 25%, underscoring its ambition to
After the dramatic collapse of the FTX crypto exchange in November 2022, many wondered if the digital asset industry could ever recover. The sudden downfall of one of the world’s largest crypto exchanges, led by Sam Bankman-Fried, sent shockwaves throughout the financial world, plunging the market into what many referred to as a “crypto winter.”
The unexpected early release of Telegram CEO Pavel Durov from French detention has turned the tables on bettors at Polymarket, a cryptocurrency-based prediction market. Durov, who was indicted and released on bail on August 28, left bettors scrambling, as many had wagered on a longer detention period. In total, bettors missed out on $270,000 in
The TON blockchain network, known for its association with Telegram, has bounced back online after experiencing its second outage in as many days. This downtime has raised eyebrows within the crypto community, particularly given the network’s growing reputation and the recent legal troubles of Telegram CEO Pavel Durov. Despite these setbacks, Toncoin, the native token
Stacks, the innovative layer-2 blockchain designed to enhance Bitcoin’s capabilities, is taking a significant step forward with its Nakamoto upgrade. Named in honour of Bitcoin’s enigmatic creator, Satoshi Nakamoto, this upgrade promises to revolutionize how transactions are processed on the Stacks network, aiming to unlock new potentials for smart contracts and decentralized finance (DeFi) built
In a troubling turn of events, the Telegram-associated TON blockchain has encountered its second outage in just as many days, leaving users and developers alike grappling with service disruptions. The latest hiccup began on Wednesday afternoon during U.S. trading hours, with block production issues first reported at 19:19 UTC. According to the project’s team, the
In the rapidly evolving world of blockchain technology, the spotlight is now turning to a new challenge as significant as the issues of scalability and transaction speed: fragmentation among layer-2 networks. Alex Gluchowski, CEO of Matter Labs—the primary developer behind the ZKsync layer-2 protocol—highlighted this emerging concern in an insightful interview with CoinDesk. With the
