A large cryptocurrency investor who surfaced two months ago with about $11 billion worth of Bitcoin has opened nearly $900 million in short positions against Bitcoin and Ether, signaling expectations of a market correction despite widespread optimism for October. The whale returned to trading yesterday with a $360 million Bitcoin (BTC) transfer that piqued the…
What is Bitcoin mining? Bitcoin mining is the process that keeps the BTC network secure and operational. Bitcoin (BTC) miners collect pending transactions, bundle them into blocks and repeatedly perform hashing attempts (trial and error) until they produce a hash that meets the network’s difficulty target. The first miner to find a valid solution broadcasts…
Polkadot parachain Phala is set to become an Ethereum layer 2 after the community voted in favor of a recent proposal aimed at ramping computation offerings to enterprise client. “Proposal Passed: Phala is Migrating to Ethereum L2!” a Phala X post from Wednesday reads, adding that it marks the next chapter for the project as it…
Messaging app Telegram founder and CEO Pavel Durov warns that a “dark, dystopian world” is approaching, as governments worldwide are rolling back privacy protections. “I’m turning 41, but I don’t feel like celebrating. Our generation is running out of time to save the free internet built for us by our fathers,” said Durov in an…
Privacy blockchain Monero has rolled out a new client update to provide users with greater security against “spy nodes” on the network. The “Fluorine Fermi” software update was announced via X on Thursday, with the team stating it is “a highly recommended release.” Fluorine Fermi is the name given to v0.18.4.3 of the Monero software:…
As the United States and other countries weigh the prospect of building national cryptocurrency reserves, new research from Chainalysis suggests governments may already be within reach of tens of billions of dollars in potentially recoverable onchain assets — a development that could intersect with those reserve discussions. In a report published Thursday, Chainalysis estimated that…
Key takeaways A new wave of DEX wars has shifted from token incentives to a focus on speed, leverage and sustainable infrastructure. Hyperliquid continues to lead the market with over $300 billion in monthly volume, strong liquidity and rising institutional adoption. Aster’s growth is powered by airdrops, Binance-backed credibility and leverage that attract professional traders….
What is TDOG, and how does it work? 21Shares’ Dogecoin exchange-traded fund (ETF), TDOG, recently appeared on the DTCC’s Active and Pre-Launch list under the ticker TDOG. The listing connects brokers and clearing institutions in preparation for potential trading, but it does not indicate regulatory approval. The proposed TDOG/21Shares Dogecoin (DOGE) trust is intended to…
Afghanistan’s recent nationwide internet outage has underscored a critical weakness in the world’s leading decentralized blockchains — their dependence on centralized internet providers that remain vulnerable to government intervention and technical failures. The country suffered a near-total internet shutdown that lasted about 48 hours before connectivity was restored on Oct. 1, Reuters reported. The disruption…
Opinion by: Elisenda Fabrega, general counsel at Brickken Europe’s rulebook was written for assets that move. Yet a large class of assets, including non-listed company quotas and bespoke revenue-sharing contracts, is non-transferable by design. Because Markets in Crypto-Assets’ (MiCA) definitions presuppose transferability, and MiFID II targets transferable securities and continues to apply to the digital…