BounceBit, a Bitcoin restaking startup, has recently announced a detailed roadmap for 2024 with the aim of democratizing high-yield Bitcoin investing. The startup, backed by Binance, plans to merge centralized and decentralized finance (CeDeFi) to enhance infrastructure and introduce new products while keeping Bitcoin’s core technology intact. This ambitious plan seems promising on the surface,
Recently, the Chairman of the Hong Kong Institute for International Finance (HKIIF), Xiao Geng, delivered a speech highlighting the potential benefits of a CNY-pegged stablecoin for Hong Kong. The event, known as “The First Shenzhen Finance Forum and The Opening Ceremony of Shenzhen Finance Institute,” was hosted by Renmin University of China and focused on
Bitcoin, the world’s largest cryptocurrency, is showing signs of a potential rally, sparking optimism among crypto analysts. One of the key indicators that point towards a bullish trend is the Stablecoin Supply Ratio (SSR) Oscillator. This unique technical tool compares the supply of stablecoins to Bitcoin, providing valuable insights into market sentiment. The SSR Oscillator
In a recent report by Ripple, Professor Massimiliano Sala from the University of Trento brought attention to the potential threats that quantum computing poses to blockchain security. Sala emphasized the importance of developing new cryptographic systems that are resistant to quantum attacks. He highlighted the vulnerabilities that quantum computers introduce to digital signatures, which are
The government of Paraguay has taken a firm stance against illegal Bitcoin mining by proposing a bill that would jail offenders for up to 10 years. The presidential spokesperson, Paula Carro, announced the urgency of the bill and emphasized the need to punish illegal miners with hefty prison sentences. The draft law also includes provisions
The cryptocurrency market is currently undergoing a transformation with regards to mainstream adoption. With the Bitcoin halving event and the hype around BTC ETF, the industry is witnessing a surge in users. Alongside this trend, crypto whales – investors with the ability to influence market trends due to their significant funds – are also becoming
The initial coin offering for Mollars (MOLLARS) is gaining significant traction, with the project quickly approaching US$1,500,000 in funds raised. As of today, 72% of the tokens have already been allocated, leaving only 28% available for purchase during the presale period. Mollars has attracted considerable attention as it positions itself as the answer to Bitcoin
Bitcoin, the leading cryptocurrency, experienced a 2.9% price increase on Friday, surpassing $67,000 for the first time since April 24. This surge has been linked to low inflation levels reported in the latest Consumer Price Index (CPI) data. However, Bitcoin’s price is influenced by various factors, including the supply of stablecoins. According to the blockchain
The cryptocurrency market has been witnessing a surge in the past few days, with major assets like Bitcoin making significant gains. In particular, the price of Bitcoin shot up from $61,000 to over $67,000, marking a remarkable comeback after a month of stagnation. Popular blockchain analytics firm CryptoQuant has delved into the on-chain data to
Crypto exchange Coinbase has expressed optimism regarding the approval of spot Ethereum ETFs by the SEC. Analyst David Han believes that there is a 30% to 40% chance of approval by the end of the month. Han points to the correlation between CME futures products and spot exchange rates as a factor that could lead