Bitcoin’s correlation to US equity markets just fell to its lowest level in more than a year and a half. That’s according to crypto analytics firm CoinMetrics, who present a chart showing that Bitcoin’s 30-day pearson correlation between Bitcoin and the S&P 500 just fell under 0.20, its lowest level since September 2021. That’s a big reversal from mid-2022, when Bitcoin and stocks were largely moving in lockstep and the 30-day correlation briefly surpassed 0.7.... Read More: Bitcoin’s Correlation to US Stocks Hits 20-month Lows - Here’s Why That’s Bullish for BTC
The exchange rate between Bitcoin (BTC), the world’s first and largest cryptocurrency by market capitalization, and Ether (ETH), the world’s second-largest cryptocurrency by market capitalization that powers the Ethereum blockchain, has fallen rapidly in recent weeks. ETH/BTC was last changing hands on Binance (as per TradingView) around 0.0625, down around 15% from earlier monthly highs in the 0.0735 area and at its lowest level since July 2022. ... Read More: Divergent On-chain Trends Within Ethereum/Bitcoin Network Add to Reasons Why the ETH/BTC Price Might Continue Dropping
Bitcoin, the world's most renowned and largest cryptocurrency, has sustained its recent upward trajectory, surging to $28,527 on Monday morning. Within the last 24 hours, BTC has risen by over 4%, and in the past week, it has gained over 28%, solidifying its status as one of the top-performing assets in the market.... Read More: Bitcoin Price Prediction As BTC Approaches $30,000 Level – Can BTC Hit a New All-Time High in 2023?
A hostile takeover could by underway for decentralized finance (DeFi) resource DefiLlama, as an internal rift among key team members has been exposed. The internal rift is related to the launch of a token for DefiLlama called LLAMA, which is to be launched by DefiLlama’s top management without the support of key employees, several anonymous Twitter users have alleged.... Read More: Hostile Takeover Fears: DefiLlama Co-Founder Exposes Internal Rift over Token Launch – What's Going On?
Here is our weekly collection of digital asset listing and delisting, trading pair-related announcements by crypto exchanges that we found last week and today. Have we missed something? Do you have information about new listings and/or delistings? Let us know here. _________________________________________ BiboxListings: Degen Zoo (DZOO)CryptoGPT Token (GPT) BinanceListings:Arbitrum (ARB)Delistings:Helium (HNT)Tael (WABI)... Read More: Crypto Listing and Delisting Announcements: Week 12
After nearly hitting $0.50 per token over the weekend, Conflux (CFX), the token that powers Conflux’s high throughput, Tree-Graph powered layer-1 blockchain, has fallen back beneath the $0.40 level. According to CoinMarketCap, that means the token is now down around 10% in the last 24 hours. Nonetheless, price predictions remain bullish. ... Read More: Conflux Price Prediction as CFX Pumps Up 60% in 7 Days – Are Whales Buying?
Stacks has been making waves since the start of the year as Bitcoin Ordinals brought attention to Bitcoin NFTs, which already exist on the Stacks blockchain as layer-2 NFTs, thus creating a surge in demand for STX and increasing trading volumes among Stacks-based NFTs. In this guide, we look at the Stacks blockchain, how it works, how it differs from other chains, and what types of decentralized applications (DApps) you can find in the Stacks ecosystem. ... Read More: What is Stacks? An Introduction to the Popular Bitcoin Layer-2 Protocol
Bitcoin experienced an increase of almost 2% earlier today as fears of an ongoing banking crisis swept the markets. This pushed the digital asset to hit its highest level in nine months at $28,569 before declining to the current level of $27,803, with a loss of 0.89% so far today. Silicon Valley Bank's failure earlier this month started the current potential banking crisis, which has now culminated in Credit Suisse's acquisition by UBS. ... Read More: Best Crypto to Buy Now 20 March – LHINU, NEO, FGHT, STX, METRO, CCHG, TARO
Binance is increasingly taking heat from regulators on multiple fronts, with its US business being the most vulnerable to ongoing crackdowns by the Securities and Exchange Commission (SEC). Most pressing is perhaps claims by the SEC that Binance.US is operating an “unregistered securities exchange in the United States.”... Read More: Binance Crypto Exchange Braces for Regulatory Onslaught: Can the Crypto Giant Withstand the Escalating Pressure from US Authorities?
Major Bitcoin ATM manufacturer General Bytes has experienced a security breach that led to $1.5 million worth of BTC stolen from a number of its crypto ATM operators. In a recent blog post, General Byes founder Karel Kyovsky said that a hacker was able to upload their own Java application onto the company's Bitcoin ATMs, which allowed them to read and decrypt API keys to access funds on exchanges and hot wallets.... Read More: Security Breach at Bitcoin ATM Maker: General Bytes Closes Cloud Service Amid Vulnerability – Here's What Happened
A Crypto Rank team of analysts wrote that “despite the inherent volatility of the cryptocurrency market, venture capitalists…continue to pour significant investments into the industry.”
Auros Global, the trading firm that reportedly lost $20 million on FTX’s implosion, was released from provisional liquidation of British Virgin Island court after major debt restructuring and a fresh $17 million investment led by TradFi trading firm Vivienne Court and bitcoin miner Bit Digital.
The U.S. central bank is widely expected to boost the interest rate 25 basis points.
A community review will decide if the network will build its new burn-and-mint equilibrium model on the Solana blockchain.
Zero Knowledge proofs offer robust security and scaling for the latest crypto products. OpenZeppelin’s Stephen Webber writes about how developers could build more secure ZK proofs.
Several on-chain metrics highlight Camelot’s growth ahead of Arbitrum’s ARB airdrop Thursday.
The sale, which began September 2020, ended Monday over concerns of the stability of the DAI stablecoin.
Core Scientific had stopped paying Priority Power Management in May 2022.
The U.S. Supreme Court will hear arguments in its first ever crypto-related case on Tuesday, when lawyers for San Francisco-based crypto exchange Coinbase will attempt to convince the nine Justices to pause a pair of class action lawsuits against the exchange.
The fate of Signet has been unclear since Signature Bank was shut down by New York State regulators last weekend.