Month: September 2024

Coinbase launches cbBTC, a wrapped Bitcoin token

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Coinbase is rolling out cbBTC — Coinbase Wrapped BTC — an ERC20 token backed 1:1 by Bitcoin, which Coinbase holds. According to a press release shared with crypto.news, the cbBTC token is now available on Base and Ethereum (ETH). Wrapped Bitcoin is a tokenized version of Bitcoin (BTC) that runs on Ethereum or other blockchains, giving BTC holders access to DeFi applications. Coinbase’s cbBTC is the latest addition to the wrapped asset category, following the likes of WBTC (WBTC).  In August, Coinbase posted a cryptic tweet about a new wrapped…

Challenges Mount For Bitcoin Miners As Difficulty Surges To Record High

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Este artículo también está disponible en español. A recent report by Bloomberg highlights that the difficulty of mining Bitcoin has surged to a record high, reflecting increasing competition among cryptocurrency miners.  On Wednesday, mining difficulty rose by 3.5%, as reported by crypto-mining tracker CoinWarz. This metric, which has been climbing steadily, often aligns with market expectations for Bitcoin’s price movements. Post-Halving Challenges Following the April Halving, which reduced miners’ potential revenue by half, the Bitcoin price has dropped approximately 10% to a current trading price of $57,000.  Per the report,…

Consumers Are More Positive About Crypto in 2024 With Under 1% Saying It’s a ‘Fad:’ Deutsche Bank Survey

A third of consumers said they thought the BTC price would be below $60,000 by year-end, and only 12%-14% thought it would cross $70,000. Bitcoin was trading around $58,200 at publication time. For the longer term, perceptions were mixed: 40% of respondents said they thought BTC would thrive in the coming years, while 38% said they expected it to disappear. Source

Quant’s Mind-Blowing Performance Has Investors Seeking More Profits With Mpeppe

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Este artículo también está disponible en español. As the cryptocurrency market continues to show volatility, two tokens stand out for their impressive performances: Quant (QNT) and the emerging gambling ICO, Mpeppe (MPEPE). While Quant (QNT) is catching the attention of traders with its remarkable rally, many investors are turning to Mpeppe (MPEPE), anticipating exponential returns. Quant’s Explosive Rally In recent days, Quant (QNT) has stunned the crypto world with a bullish breakout, recording a price surge of over 15%. As of today, QNT stands at $71, with the potential to hit the $115 mark in…

Failed Solana Token Scam? Hacker Targets 2.6M Cricket Fans

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Este artículo también está disponible en español. On Tuesday, Indian cricket fans were targeted by scammers with a Solana-based token. The attackers attempted to profit from sports fans after hacking Delhi Capitals’ X account. However, the scheme failed to gain much traction despite its peculiar efforts to publicize the memecoin. Related Reading Crypto Hackers’ New Promotional Method Delhi Capitals, a team from the Indian Premier League (IPL), recently suffered a social media security breach. Hackers took control of the cricket team’s X account on Tuesday, targeting their 2.6 million followers. The…

Bitcoin to hit six figures regardless of who wins US election, Swan Bitcoin says

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Despite the partisan divide in crypto, many investors believe Bitcoin will reach six figures regardless of the U.S. presidential election outcome. Bitcoin (BTC) is poised to reach six figures over the long term, no matter who wins the U.S. presidential election, according to Steven Lubka, head of private clients and family offices at Swan Bitcoin. Amid growing political polarization in the cryptocurrency industry, many investors now believe Bitcoin will continue to thrive, even as optimism from former President Donald Trump‘s pro-crypto statements fades. In an interview with CNBC, Lubka said…