Despite the crypto industry’s ongoing cybersecurity efforts, protocols are engaged in an endless war with cryptocurrency hackers, who continue to attack the weakest link in crypto protocols, which is often a human behavioral element. The industry is engaged in unfair warfare with bad actors, who only need a single point of vulnerability to exploit a…
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Crypto exchange Bitpanda turned away from London’s public markets, citing weak liquidity on the London Stock Exchange (LSE) as a key factor in its decision. Eric Demuth, co-founder of the Vienna-based crypto exchange, told the Financial Times that while Bitpanda was actively evaluating a public listing, “it will not be in London.” Instead, the firm…
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Crypto exchange Kraken met with the US Securities and Exchange Commission’s Crypto Task Force on Monday to discuss the tokenization of traditional assets and a tokenized trading system. A memorandum filed on Monday noted that SEC staff met with four representatives of Payward, Inc., Kraken Securities LLC, and two from the law firm Wilmer Cutler…
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The United Arab Emirates (UAE) holds around $700 million in Bitcoin, which has been largely accumulated from mining operations, according to the blockchain analytics platform Arkham Intelligence. Arkham said in an X post on Monday that it has become one of the first to publicly identify the UAE government’s wallets, finding that their wallet addresses…
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Altcoins may not see a broad, outsized rally until the approval of crypto ETFs that give investors exposure further down the risk curve, according to analysts from Bitfinex. Crypto market participants have eagerly awaited an altcoin market rally, or “altseason,” as Bitcoin (BTC) dominance dipped 6% over the past 30 days. Bitcoin dominance stands at…
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Issuers of crypto exchange-traded funds should carefully consider which cryptocurrencies to offer exposure to in their funds, as most of the crypto market is “pretty sketchy,” says REX Financial CEO Greg King. “Crypto gets pretty sketchy below the top 10, certainly below the top 20,” King told Bloomberg’s ETF IQ on Monday. “There’s some significant…
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Venture capitalist and founding partner of Draper Associates, Tim Draper, says altcoins could ultimately make Bitcoin better by acting as testing grounds for upgrades. During an interview on CNBC’s Squawk Box on Monday, Draper said there will also be “many other cryptocurrencies,” created over time, which will help grow Bitcoin’s (BTC) dominance. “Competition is good…
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Around 200,000 traders have been liquidated to the tune of more than $900 million over the past 24 hours as Bitcoin fell to a seven-week low — decimating its gains after the Federal Reserve chair signaled interest rate cuts at Jackson Hole last week. The majority of liquidations were long positions, according to CoinGlass, which…
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French semiconductor company Sequans Communications filed for a $200 million at-the-market equity offering on Monday to fuel its Bitcoin treasury strategy — with the longer-term aim to amass 100,000 Bitcoin by 2030. The program will allow the 4G and 5G chipmaker to issue American Depositary Shares — US dollar-denominated equity shares of a foreign company…
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Key takeaways: Bitcoin futures demand continues rising despite the recent price weakness, indicating sustained trader engagement. The put options maintained a premium over calls, reflecting persistent bearish sentiment among investors. Bitcoin (BTC) traded down to $109,400 on Monday, its lowest level in more than six weeks. The correction followed an $11 billion sale by a…
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