Coinbase’s wrapped Bitcoin token cbBTC goes live

Coinbase launches cbBTC, an ERC20 token backed 1:1 by Bitcoin in its custody. cbBTC allows BTC holders to access DeFi apps like Aave, Compound, and MakerDAO. Over 843,783 Bitcoins back cbBTC, representing 4% of the total Bitcoin supply. Coinbase, the largest cryptocurrency exchange in the US, has officially launched its new tokenization product, Coinbase Wrapped […]

Bernstein analysts predict Bitcoin surge to $90k if Trump wins

Bitcoin could surge to highs of $90k if former US president Donald Trump wins the next election in November, analysts at brokerage and research firm Bernstein predict. Analysts at the brokerage shared the prediction in a note to clients on September 9. Bernstein says a “Trump trade”, as they referred to a potential win for […]

Unisat-backed Bitcoin scaling solution Fractal Bitcoin launches mainnet

Fractal Bitcoin launches mainnet, leverages Bitcoin Core code for enhanced scaling. The network offers sub-30-second block confirmations and a 20x capacity increase. The network’s native token, FB, supports proof-of-work mining, with half pre-mined for allocations. Fractal Bitcoin, a groundbreaking Bitcoin scaling solution, has officially launched its mainnet, ushering in a new era for Bitcoin scalability. […]

BitMEX co-founder Arthur Hayes believes Bitcoin (BTC) will tap $50K

Arthur Hayes predicts Bitcoin (BTC) could fall below $50K amid market turmoil. Bitcoin’s price drop has led to $36.71M in liquidations. The Crypto Fear & Greed Index shows “extreme fear,” reflecting growing market anxiety. In recent days, the cryptocurrency market has been awash with uncertainty, with Bitcoin’s price taking a significant tumble. After slipping below […]

Bitcoin (BTC) drops below $57K again amid strong selling pressure

Bitcoin drops below $57K due to major institutional sell-offs and market pressure. Short-term holders face unrealized losses, could trigger market volatility if they decide to cut their losses. $51K is a crucial support level and long-term investors might see this as a buying opportunity. Bitcoin (BTC) has once again slipped below $57,000 as its turbulent […]

Switzerland’s 4th largest bank ZKB launches Bitcoin and Ethereum trading

Zürcher Kantonalbank (ZKB) now offers Bitcoin and Ethereum trading via ZKB eBanking and Mobile Banking. The bank has partnered with Crypto Finance AG and will use Fireblocks for secure custody. The services are available only to Swiss residents with the necessary agreements signed. Zurich Cantonal Bank, Switzerland’s fourth-largest bank locally known as Zürcher Kantonalbank (ZKB), […]

Bitcoin ETFs outperform Ether ETFs as BlackRock’s IBIT leads peers

Bitcoin ETFs have attracted $5B net inflows while Ether ETFs have seen $500M net outflows. BlackRock’s IBIT leads with over $224M in a single day, currently holding over 350,000 BTC. Ether ETFs are struggling due to liquidity issues and Grayscale’s $2.5B outflows. Recent trends in the cryptocurrency exchange-traded funds (ETF) market have highlighted a significant […]

Metaplanet partners with SBI VC Trade to enhance Bitcoin strategy

Japanese investment firm Metaplanet has announced a partnership with SBI VC Trade, a subsidiary of financial services behemoth SBI Group. Partnership will help boost Metaplanet’s Bitcoin strategy, including compliance. Metaplanet has acquired 360 Bitcoin (BTC) as it targets becoming ‘Asia’s MicroStrategy’ In an announcement on Sept. 2, Metaplanet said its collaboration with SBI VC Trade […]

Bitcoin Dogs (0DOG) surges as Bitcoin (BTC) demand increases in the US

Bitcoin Dogs’ token 0DOG surges after launching a high-APY liquidity pool. Rising Bitcoin interest in the US boosts 0DOG’s value amid broader market trends. Despite a US demand spike, global Bitcoin demand and profits remain weak. The cryptocurrency market is abuzz with recent developments as Bitcoin Dogs’ native token, 0DOG, experiences a dramatic surge amidst […]

Bitcoin touches $58k again as analysts share bearish forecasts

Bitcoin fell to lows of $57,700 on Coinbase as prices dipped during the US trading session. Analysts predict further weakness is likely, and here’s what they are saying At the time of writing, Bitcoin (BTC) traded around $58,486 across major crypto exchanges. However, the digital asset’s price had touched lows of $57,700 on US-based crypto […]