Crypto losses hit $67 million in February, pushing yearly losses to $200 million – Immunefi

Crypto industry losses amounted to $67 million in February over 12 incidents, with hacks accounting for 97.54% of funds stolen, according to Immunefi’s latest crypto losses report. Meanwhile, the remaining 2.46% of... Read more »

Bitcoin consolidating above $62k as bull market indicators start flashing

The crypto market has entered March with its foot firmly on the accelerator despite showing signs of a slight slowdown from its recent rapid ascent. Bitcoin (BTC) has continued to hover around... Read more »

Consensys CEO believes decentralization will lead to a ‘generational paradigm shift’

Consensys CEO and Ethereum co-founder Joseph Lubin said the world is on the cusp of a generational paradigm shift fueled by decentralization as the current monetary system of the world is failing.... Read more »

Grayscale CEO says there is ‘insatiable demand’ for spot Bitcoin ETFs

Grayscale CEO Michael Sonnenshein said the financial industry has “never seen such insatiable demand for an ETF wrapper” as it has seen with Bitcoin ETFs. Sonnenshein made the statement during a CNBC... Read more »

Biden administration’s notorious Bitcoin mining survey halted after legal backlash

The US Energy Information Administration (EIA) agreed to stop the emergency survey of Bitcoin miners as part of an agreement to end the lawsuit filed by several industry players, including the Texas... Read more »

Hungary issues draft law allowing banks to offer crypto services

Hungary is advancing a legislative proposal that would enable banks, investment funds, and asset managers to offer services in Bitcoin and other cryptocurrencies, according to a March 1 report by Bloomberg Law.... Read more »

Exploring SynFutures V3 and the Oyster AMM

SynFutures, a decentralized perps exchange, has been waking waves in DeFi for the past few years. It has prominent investors, a large user base, and an impressive trading volume, which means it... Read more »

El Salvador and pro-Bitcoin businesses reaping rewards after years of skepticism

El Salvador and several forward-thinking corporations, including Nexon and Tahini’s, are witnessing substantial returns on their Bitcoin investments, challenging the wave of skepticism they faced from the media and financial analysts. Despite... Read more »

Marathon posts record growth in 2023 earnings, unveils Bitcoin Layer-2 Anduro

Bitcoin mining and technology firm Marathon Digital reported record growth in a number of categories in its 2023 annual earnings report. The firm also revealed the development of a Layer-2 network for... Read more »

At $61,594 Bitcoin is at fair market price according to the power law model

On a monumental day for Bitcoin, where it opened at $56,900, the flagship digital asset has officially exited the bear market according to the Bitcoin Power Law model. After surpassing $61,000, it... Read more »