The latest price moves in bitcoin (BTC) and crypto markets in context for August 17, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. Source
A recent study by the Bank of Canada (BoC) revealed that crypto ownership in the country had slowed over the past two years. However, recent sentiment from Coinbase’s Country Director for Canada, Lucas Matheson, suggests Canadians are slowly warming up to crypto again. Canadians Adopting Crypto Payments In a conversation with Cointelegraph, Matheson mentioned that Canadians’ outlook towards digital assets is changing as they adopt it to make daily transactions. This means that crypto in the country is garnering mass adoption as service providers and consumers are using it to…
“With technology valuations significantly down and VC investment drying up, there is now a new opportunity for companies with a strong balance sheet and a growing business, like Securitize, to accelerate the digitization of finance and our role in driving it,” Domingo told CoinDesk. Source
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Bitcoin (BTC) has reached its peak in Argentina after a pro-Bitcoin candidate won the primary election in the country. On Aug. 13, Javier Millei, a libertarian candidate representing the political party Freedom Advances, took first place in the primary elections in Argentina. As he won, most of the assets in the market including the Argentinean peso dropped. Meanwhile, Bitcoin became the top 1 cryptocurrency in Argentina. On Aug. 16, Bitcoin reached an all-time high value in…
“We are proud to become one of the first exchanges making XRP options trading accessible to both institutional and retail traders, enabling long and short for options traders at the same time. We look forward to bringing this product to more traders and investors alike across the globe,” Justin Buitendam, global head of institutional sales at BIT, said in the press release. Source
The price of Bitcoin (BTC) has jumped to a fresh high in Argentina since the news that Bitcoin-friendly presidential candidate Javier Milei won a primary election on Aug. 13, with 1 BTC reaching a value of 10.2 million Argentine pesos on Aug. 14, according to data from CoinGecko. While global cryptocurrency markets are experiencing a notable slump, some parts of the world are still recording new all-time highs for Bitcoin. In Argentina, Bitcoin has seen a sharp climb this week, with BTC rallying 21% from 8.4 million ARS to 10.2 million ARS…
The Polygon (MATIC) price continues to fall. Even the recent positive news from Korea and the strong data from the NFT market cannot change this. Since the yearly high on February 13 at $1.56, the MATIC price has currently fallen 60% and is trading at just $0.6169. Since the high, MATIC has been in a clear downtrend, which was last tested in mid-July. However, a breakout was not successful, both the trendline and the coinciding 200-day EMA have proven to be too strong a resistance. Now MATIC has also fallen…
Smart contracts, the self-executing code on blockchain platforms, have transformed industries by automating processes and enabling trustless transactions. However, their complexity can also make them susceptible to vulnerabilities that could be exploited by malicious actors. This article will delve into five common smart contract vulnerabilities, explore their potential impacts, and provide insights into how to identify and mitigate them effectively. Reentrancy attacks Reentrancy occurs when an attacker repeatedly calls a vulnerable smart contract function before the original transaction is completed. This can lead to unexpected behavior and result in the…
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Bitcoin (BTC) has retested the short-term holders’ realized price (STHRP) following the break below the $29,000 psychological support. Prominent on-chain analytical resource CryptoQuant recently called attention to this development. In an elaborate article, a CryptoQuant analyst highlighted the significance of the metric and its bearing on the market. Short-Term Holders Realized Price (STH RP): A Deeper Look “The drop from 29.5K to 28.3K in $BTC‘s price brought the price closer to the realized price of short-term…
Cardano is currently facing a stark contrast between its promising development trajectory and the significant losses incurred by ADA holders. Recent price analysis has revealed that the losses are nearing an astonishing 90%, sending waves of concern through the cryptocurrency community. The once-active addresses have dwindled, further accentuating the unease surrounding ADA’s price trend. In an accompanying chart in the analysis that lays bare the current situation, it becomes evident that nearly 4 million ADA addresses find themselves in the unfortunate position of holding the cryptocurrency at a loss. This…