Digital assets associated with the decentralized finance (DeFi) project Abracadabra Finance, including its Magic Internet Money (MIM) stablecoin, values fell after its team confirmed an exploit of the platform. In a Jan. 30 post on social media platform X (formerly Twitter), the project’s team acknowledged an ongoing exploit involving certain…

Following a persistent decline in Bitcoin outflows from the Grayscale Bitcoin ETF, Bitcoin’s recent surge from $39,900 to over $43,500 has seen the value of Grayscale’s crypto holdings grow by $1.25 billion since the end of last week. Grayscale Holdings (source: Arkham Intelligence) While roughly 18,000 BTC has left the…

The competition among spot Bitcoin ETFs is seriously heating up with Grayscale outflows declining, but now, so are the fees being charged by the Newborn Nine. Shortly before the final SEC approval of the swathe of spot Bitcoin ETFs, which entered the market earlier this month, several ETF issuers dropped…

Grayscale’s Bitcoin Trust (GBTC) is experiencing a slowdown in outflows, with just under $200 million withdrawn from the fund on Jan. 29. Data from BitMEX Research indicates a total outflow of around $192 million during this reporting period. Notably, this marks the lowest outflows since the fund’s inception, surpassing only…

Have you ever manually chosen between Azure and AWS when browsing X – or picked a payment processor to reroute your online Apple Pay transactions to? Do you check the SSL certificate of AliExpress or Amazon to make your shopping more secure? Great technology is invisible. Steve Jobs had it…

Crypto-related hacks and scams saw a 27.78% year-over-year decline in 2023 as the industry has become more vigilant. Blockchain security firm PeckShield published the data on Jan. 29 in a detailed report on hacks and scams that took place throughout the year. Hacks and recoveries According to PeckShield’s recent report,…

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TD Cowen’s Washington Research Group predicted that spot Ethereum ETFs will not gain approval this year, according to Kitco on Jan. 29. The U.S. Securities and Exchange Commission (SEC) must soon decide on proposed rule changes that would allow spot Ethereum ETFs to be listed and traded on securities exchanges.…

Bitcoin miner GRIID will begin trading its common stock under the “GRDI ” ticker on the Nasdaq stock exchange today, Jan. 29. The Ohio-based miner stated that its Nasdaq listing presents an ideal stage to continue demonstrating its leadership and innovation in the mining sector to a broader audience. GRIID…

Bitcoin (BTC) has made a striking recovery, climbing above the $43,000 mark on Jan. 29, as market dynamics hint at a resurgence in investor confidence. The leading cryptocurrency experienced this surge amidst a landscape where exchange-traded fund (ETF) inflows show signs of strength, particularly as they begin to outweigh outflows…