Day: April 24, 2024

New Security-Focused Ethereum Altcoin Goes Live on Coinbase and Other Crypto Exchanges

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Top US-based crypto exchange Coinbase is listing a new security-focused Ethereum (ETH) altcoin, along with other major platforms. Coinbase announced via the social media platform X that the crypto project Safe (SAFE) landed a listing on the platform as an “experimental asset.” “Safe is now live on Coinbase.com and in the Coinbase iOS and Android apps with the ‘experimental’ label. Coinbase customers can log in to buy, sell, convert, send, receive or store these assets.” The platform uses the experimental asset label for tokens that pose certain risks such as…

Analyzing Runes Impact as Bitcoin Fee Bonanza Fades

RUNING THE PARTY? Bitcoin’s once-every-four-years “halving” was supposed to bring a steep cut in revenue for crypto miners, since their rewards for new data blocks would drop by 50%. Instead, the simultaneous launch of Casey Rodarmor’s new Runes protocol – for minting digital tokens on top of the oldest and largest blockchain – proved so popular that it caused massive network congestion, sending transaction fees to record levels and showering Bitcoin miners with a windfall like never before. On a halving watch party hosted by Tone Vays, longtime Bitcoin experts…

KPMG Survey Finds 75% of Canada’s Institutions Owned Crypto Assets in 2023

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

Newbie Bitcoin Whales Hold 2x As Much As Veterans: What’s Behind This Trend?

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On-chain data shows the new whale entrants in the Bitcoin market now hold almost twice as much as the veterans. Here’s what could be behind this shift. Bitcoin Newbie Whale Holdings Have Been Rapidly Growing Recently In a new post on X, CryptoQuant founder and CEO Ki Young Ju has discussed about how the holdings of the new whales compares against the old ones in the market right now. The on-chain indicator of interest here is the “Realized Cap,” which, in short, keeps track of the total amount of capital…

Your Crypto Project Needs a Sheriff, Not a Bounty Hunter

There’s a reason, after all, that bounty hunters in movies are so often morally ambiguous “gray hats” – think of Boba Fett, Clint Eastwood’s “Man With No Name,” or Dr. King Schulz from “Django Unchained.” They’re mercenaries, there for a one-off payout, and notoriously indifferent to the bigger picture of the problem they’re solving. At the very far end of the spectrum, you can get an Avi Eisenberg, eager to adopt the cover of a “bug bounty” when they themselves are the actual villains. Source

Director’s update: the FOI year in review

Warren Seddon is ICO Director of Freedom of Information and Transparency responsible for the ICO’s freedom of information (FOI) policy and guidance. Warren also oversees the handling of people’s complaints to the ICO over public authorities’ responses to requests for information under the FOI Act and Environmental Information Regulations (EIR).   It’s fair to say that it’s been a heck of a year for the FOI team. We’ve received more than 8,000 complaints – against a previous high of 6,418 in 2018/19. Of around 7,700 cases we’ve closed in this…

Spot Bitcoin, Ether ETFs Get Official Approval in Hong Kong; ‘Potential Fee War’ Unfolding, Says Analyst

The approval comes after U.S. regulators three months ago greenlit the first spot-based bitcoin ETFs in that country, a major breakthrough for the crypto industry that expanded the investor base for the largest and oldest crypto asset and dominated the digital asset market narrative for months. Led by global asset management giant BlackRock’s offering, the funds have since amassed over $12 billion in net inflows,, helping propel BTC one month ago to a fresh all-time high price over $73,000. Source

Bitcoin-centric app Strike enters Europe

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Strike, a Bitcoin-only app, has expanded support to European customers following massive regional demand and rising cryptocurrency prices.  On April 24, Strike CEO Jack Mallers shared plans to power Bitcoin (BTC) adoption in Europe by allowing users to buy, sell, and send the leading crypto token across the continent.  An official announcement said eligible European customers could buy BTC via bank accounts using uncapped Single Euro Payments Area (SEPA) deposits. As of this writing, SEPA’s area consists of 36 countries, including all European Union member states, four countries in the European…

Bitcoin whales accumulated 266k BTC since January

Since the beginning of 2024, large Bitcoin holders have accumulated an additional 266,000 BTC. According to Santiment analysts, this BTC value amounts to $17.5 billion. The company notes that whales with balances ranging from 1,000 BTC to 10,000 BTC received 1.24% of the total asset supply of 21 million during the mentioned period. Santiment also believes institutional investors are helping to reduce industry volatility. In addition, the mentioned market players supported the Bitcoin rate growth before the halving, which experts emphasize will significantly impact the asset’s value after the halving.…

Bitcoin’s First Post-Halving Adjustment Raises Mining Difficulty to Record High

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Bitcoin recently completed its first difficulty adjustment following the fourth halving, recording a 1.99% increase and pushing the mining difficulty to a record high. The network’s difficulty level rose from 86.39 trillion to a new level of 88.10 trillion. Bitcoin Miners’ Strength Tested as Mining Difficulty Jumps 2% Post-Halving As of block 840,672, which occurred […] Original