“Conio created the first multisig bitcoin wallet for smartphones in Italy, and we are now enlarging the custody capabilities because Italian banks are demanding more in the way of digital assets,” said Conio general manager Orlando Merone in an interview. “We are adding EVM Ethereum Virtual Machine chains, and the target is to cover almost 60% of the digital assets market by next year.” Source
Over the past 24 hours, the cryptocurrency market has witnessed Bitcoin consolidating its position in the digital financial space. Amidst a wider cryptocurrency selloff, Bitcoin offered yet another example of its infamous volatility, plunging sharply toward the $40,000 region. The leading cryptocurrency saw an 8% decline to $41,900 before reversing part of the losses and opening Monday’s trading 5% down at $42,090. Bitcoin Momentum Could Lose Steam CoinGecko’s price updates show that Bitcoin has only shown slight variations over this period, indicating that it is in an equilibrium phase after…
Among the cryptocurrency entities C1 has reached out to are gaming and metaverse-focused venture capital firm Animoca Brands and Chainalysis, the blockchain analysis entity. C1 has offered to buy private holdings from investors at between 50 per cent and 80 per cent discount on their last valuation, according to the report. Source
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Solana surged toward $80 before the bears appeared. SOL price is now correcting gains but the bulls might remain active near the $65 support. SOL price started a major rally above the $65 resistance before the bears appeared against the US Dollar. The price is now trading above $65 and the 100 simple moving average (4 hours). There is a key bullish trend line forming with support near $65.00 on the 4-hour chart of the SOL/USD pair (data source from Kraken). The pair could accelerate lower if there is a…
Crypto investors have been moving their assets away from crypto exchange HTX (formerly known as Huobi) following a Nov. 22 exploit that saw the exchange pause its services and lose a total of $30 million. Between Nov. 25 — the day that HTX resumed its services — and Dec. 10, the exchange witnessed some $258 million in net outflows, according to data from DefiLlama. HTX witnessed $258 million in net outflows between Nov. 25 and Dec. 10. Source: DefiLlama DefiLlama data shows HTX’s reserves comprise 32.3% Bitcoin (BTC) and 31.8%…
Tech giant Google has updated its cryptocurrency-related advertising policy to allow ads about crypto trusts from the end of January, the same month that spot Bitcoin (BTC) exchange-traded-funds are predicted to be approved in the United States. In a Dec. 6 policy change log, Google said its crypto and related products ad policy will be updated on Jan. 29, 2024, to allow ads from “advertisers offering Cryptocurrency Coin Trust targeting the United States.” Cryptocurrency Coin Trusts were exampled as “financial products that allow investors to trade shares in trusts holding…
Decentralized finance protocol Venus confirmed it was impacted by an issue with one of its price feed oracles, resulting in borrows totaling around $270,000 on Dec. 11. However, it has downplayed the incident from being an exploit as described by analysts, and it also vowed to replace funds from the treasury. On Dec. 10, reports emerged that the Binance Smart Chain-based decentralized lending and borrowing marketplace had been affected by a malfunctioning price oracle. X (formerly Twitter) user SaulCapital alerted followers that the “isolated pool on Venus Protocol for liquid staked…
Ethereum price took a major hit like Bitcoin and dropped over $350. ETH tested the $2,000 support and is currently attempting a fresh increase. Ethereum declined over 8% and broke the $2,200 support zone. The price is trading below $2,300 and the 100-hourly Simple Moving Average. There was a break below a key bullish trend line with support near $2,340 on the hourly chart of ETH/USD (data feed via Kraken). The pair could rise again unless there is a close below the $2,100 support zone. Ethereum Price Took A Major…
A “hands-on” tech demo of Google’s new artificial intelligence model Gemini has gone from being the talk of the town to being accused by critics of being “basically entirely fake.” The six-minute video, which garnered 2.1 million views on YouTube since its release on Dec. 7, shows it seamlessly interacting with a human operator in seemingly real-time, including analyzing a duck drawing, hand gestures, and inventing a game called “Guess the Country” with just an image prompt of the world map. However, Oriol Vinyals, a Google Deepmind executive has since…