The number of global crypto owners surged 34% in 2023, reaching 580 million by December, a new report shows. In particular, bitcoin ownership surged 33% while Ethereum saw an even steeper rise of 39%. The report pinpoints the approval of spot bitcoin exchange-traded funds (ETFs) and the Bitcoin Ordinals protocol as key drivers of bitcoin adoption growth, alongside strong institutional…
Tornado Cash Co-Founder Braces for Precedent-Setting Trial in US
January 24, 2024
Roman Storm, facing multiple federal charges related to his role in the creation of Tornado Cash, is bracing for a trial in the United States. Scheduled for September 2024, the trial could have far-reaching implications for the crypto industry and digital privacy laws.
Roman…
Critical Bug in Ethereum's Nethermind Client Highlights Risks of Low Client Diversity
January 24, 2024
A severe bug in the Nethermind Ethereum execution client has recently been uncovered, affecting 8% of Ethereum’s validators and reminding everyone of the necessity for greater client diversity in the Ethereum network.
Critical Flaw in Ethereum’s Nethermind Client…
Warning of a difficult time ahead for the crypto market, global investment bank JPMorgan has downgraded Coinbase stock. Emphasizing that crypto prices are already under pressure, JPMorgan warned of “greater potential for cryptocurrency ETF enthusiasm to further deflate,” driving with it lower crypto prices and trading volume.
JPMorgan’s Crypto Market Outlook, Coinbase’s Downgrade
Global…
Report: Ethereum and Solana Showcase Unique Market Dynamics in Recent Altcoin Trends
January 24, 2024
In the dynamic world of crypto markets, recent trends have illuminated intriguing divergences in the altcoin market, particularly between ethereum and solana, relative to bitcoin. A comprehensive report published by Glassnode, an onchain analytics firm, delves into this…
Blackrock and Fidelity ETFs Lead the Charge in Bitcoin Accumulation, Holding Over $2.6 Billion in Combined BTC Assets
January 23, 2024
Recent data reveals that Blackrock, the globe’s leading asset manager boasting over nine trillion in assets under management (AUM), now possesses 33,430.56 bitcoin, valued at approximately $1.34 billion. Similarly, the financial powerhouse Fidelity has increased its…
Bitcoin Plummets Below $40K for First Time in 48 Days, Triggering Market-Wide Crypto Slide
January 23, 2024
On Monday, Jan. 22, 2024, the value of bitcoin fell below the $40K mark for the first time in 48 days, as per market analysis. In the last 24 hours, bitcoin witnessed a 4% decline, with a 14.2% decrease observed over the preceding two weeks.
Bears Take the Reigns—Bitcoin Falls Under $40K Amid Market Turbulence
Since early December 2023, specifically since Dec. 5, 2023, bitcoin’s price has…
Coinbase CLO Warns Pokémon Might Be Key in Rejecting SEC's Expanded Security Definition
January 23, 2024
Paul Grewal, CLO of Coinbase, believes collectibles, like Pokémon cards, might be essential in rejecting the expanded definition of what the U.S. Securities and Exchange Commission (SEC) claims to be a security. To Grewal, these cards are also part of an ecosystem fueling…
L2 Protocol Manta Network Suffers DDoS Attack, Project Leaders Face Money Laundering Allegations
January 22, 2024
Manta Network, a modular layer two (L2) protocol, said a distributed denial-of-service attack on Jan. 18 resulted in the network accumulating a large queue of recent transactions. The attack, which occurred during a token-issuing event, is believed to have severely limited…
The U.S. commodities regulator revealed on Jan. 19 that it had filed a civil enforcement action against a bogus digital asset exchange platform. According to the Commission, Debiex customers were not aware that the entire set-up was a clever scam designed to dupe prospective investors.
Romance Scam Tactics
The Commodities Futures Trading Commission (CFTC) announced on Jan. 19 that it had filed a…
