Crypto analyst Jamie Coutts believes Uniswap’s (UNI) proposed fee changes could be a major turning point for digital assets. Rewarding Stakers and Delegates Uniswap’s proposal aims to reward traders who stake and delegate UNI tokens with a share of the protocol’s revenue. This move, according to Coutts, could highlight the profitability of the digital asset…
According to blockchain security firm PeckShield, crypto thefts reached alarming levels in February, with over $360 million stolen. This marks a significant increase from the $182.54 million lost in January. PlayDapp Hit Hardest Crypto gaming platform PlayDapp (PLA) suffered the most, losing a staggering $290 million in two security breaches. Despite offering a $1 million…
Crypto analytics firm Glassnode reports that Bitcoin is experiencing a sustained uptrend, driven by traders who are still skeptical about its strength. Liquidated Bears Fuel Rallies According to Glassnode, bears who are shorting Bitcoin (betting on its price to fall) are getting liquidated, triggering short squeezes. This happens when traders who borrowed Bitcoin to sell…
CEO: New Investors Fueling Bitcoin Rally Michael Sonnenshein, CEO of crypto investment firm Grayscale, believes that pent-up demand for Bitcoin (BTC) is driving its recent price surge. Following the approval of Bitcoin exchange-traded funds (ETFs) in January, Sonnenshein says demand that was previously suppressed is now fueling Bitcoin’s rally. “A lot of pent-up demand based…
Analysts at crypto hedge fund Pantera Capital have identified two altcoin projects they believe will outperform the market in the upcoming bull run. Stacks (STX) Pantera analysts are bullish on Stacks, a project that aims to bring smart contract functionality to Bitcoin. They note that Stacks is currently the only live generalized smart contract layer-2…
Legendary trader Peter Brandt, known for predicting the 2017 Bitcoin crash, weighs in on the crypto king’s recent surge. Bull Market Just Getting Started? Brandt believes Bitcoin’s bull market is still in its early stages, despite a 45% surge in the past month. He compares the current monthly candle to one seen in late 2020,…
Profitability Skyrockets Bitcoin has been on a wild ride lately, with prices surging. This has led to a massive increase in profitable Bitcoin addresses. For the first time in over two years, 97% of all Bitcoin addresses are now in the green. Majority of Addresses in Profit According to IntoTheBlock, over 50 million Bitcoin addresses…
Despite ongoing efforts to enhance security, the crypto industry remains vulnerable to malicious activities. In February alone, crypto scams and hacks resulted in losses exceeding $160 million. Exploits and Vulnerabilities Exploits of vulnerabilities in crypto projects accounted for the majority of February’s losses, amounting to approximately $101 million. Notably, Certik reported several instances of exploits…
Tax Troubles Indonesia’s crypto market is going through a rough patch. Bitcoin’s price shot up in 2023, but the government’s tax revenue from crypto crashed by over 60%. This has raised questions about the current tax system. Dual Taxation Indonesia has a double-tax system for crypto transactions, which means you get taxed twice. This has…
Industry Groups Challenge Emergency Survey The US Department of Energy (DOE) has dropped its emergency survey of Bitcoin mining’s energy usage after a lawsuit from industry groups. Riot Platforms and the Texas Blockchain Council argued that the survey violated the Paperwork Reduction Act by bypassing public comment and data collection procedures. Energy Consumption Concerns Bitcoin…
