Kraken’s kBTC is a cross-network ERC-20 token fully backed 1:1 by Bitcoin for DeFi use on Ethereum and OP.Kraken ensures transparency of kBTC reserves with on-chain verification and secure Bitcoin custody. Launching its Wrapped Bitcoin token, or kBTC, Kraken has made a big move in the crypto space. By enabling Bitcoin to be compatible with...
95% of Bitcoin addresses are in profit, signaling strong market sentiment but also a potential risk of overextension.Institutional adoption continues to grow, with private wealth managers in Asia entering the cryptocurrency market, anticipating future gains. IntoTheBlock data show a noteworthy change in the crypto market: about 95% of Bitcoin addresses are now in a profitable...
A hacker used a SIM swapping scheme to breach the SEC’s social media account, triggering a fake Bitcoin ETF post and a brief price surge.The FBI arrest signals a strong stance against financial market manipulation and cybersecurity breaches, emphasizing the severity of SIM swapping fraud. Following recent crypto news, including the FBI’s warning about North...
SolvBTC.JUP offers Bitcoin holders an 8% annual yield through Solana’s DeFi ecosystem, using delta-neutral strategies.Solv Protocol simplifies Bitcoin staking with the Staking Abstraction Layer, unlocking new DeFi opportunities for Bitcoin holders. With the launch of SolvBTC.JUP, Solv Protocol has significantly advanced the decentralized finance (DeFi) sector. JUP, a novel Liquid Staking Token (LST), directly includes...
Arthur Hayes predicts that rising geopolitical tensions and increased government spending will drive Bitcoin prices higher.He compares the current situation to past events that led to inflation and stronger performance for hard assets like Bitcoin. Arthur Hayes, the former CEO of Bitmex, predicts a potential bull market for Bitcoin driven by rising energy prices and...
The SEC approved multiple spot Bitcoin ETFs on major exchanges, marking a milestone for Bitcoin’s integration into traditional finance.SEC-approved Bitcoin ETFs enable direct Bitcoin exposure, boosting market liquidity and offering new options for managing volatility. The United States Securities and Exchange Commission (SEC) has taken a key step in the crypto sector by approving the...
Months after the U.K. High Court ruled that Australian scientist Craig Wright is not the author of Bitcoin, the controversial figure has filed a lawsuit against Bitcoin Core developers.The basis of his argument is that Bitcoin Core developers subjected the protocol to an upgrade, causing a significant deviation from the original design. Australian scientist Craig...
BlackRock purchased over $1 billion in Bitcoin this week, increasing its position through the IBIT spot ETF.Bitcoin’s institutional adoption grows as BlackRock highlights it as a key asset class for portfolio diversification. BlackRock, the world’s largest asset manager, has bought more than $1 billion in Bitcoin (BTC) via its iShares Bitcoin Trust (IBIT), according to...
The Nakamoto Upgrade will reduce transaction times on Stacks from 20-30 minutes to approximately 5 seconds.Nakamoto Upgrade enhances scalability and security, unlocking new possibilities for DeFi on the Bitcoin ecosystem. The impending Nakamoto Upgrade, which is expected to launch on October 29th, promises to be a watershed event for the Stacks ecosystem. Complementing a major...
Max Keiser, a vocal Bitcoin supporter has shared a tweet stating that Bitcoin is likely to skyrocket to $220,000.Although there have been some recent declines, Bitcoin’s general trend is positive, market momentum is increasing and the energy is electric. Max Keiser, advisor to El Salvador’s president, host of The Keiser Report, and a prominent Bitcoin...