Enhancing On-Chain Security: Coinbase Wallet’s Partnership with Blockaid Saves Users $75 Million In a groundbreaking development, Coinbase Wallet has announced its collaboration with web3 security startup Blockaid, resulting in over $75 million in savings for users. The integration, initiated five months ago, has been instrumental in thwarting nearly 800,000 connections to malicious decentralized applications (dApps) and preventing potential theft of funds. The partnership between Coinbase Wallet and Blockaid marks a significant milestone in the ongoing effort to enhance on-chain security for cryptocurrency users. By leveraging Blockaid’s cutting-edge security solutions, Coinbase Wallet has bolstered its defenses against crypto fraud, phishing attacks,…

In a landmark development, BlackRock’s Bitcoin ETF achieves record trading volume The cryptocurrency market has been a rollercoaster of volatility and innovation, and one of the latest developments is the record volume hit by BlackRock’s Bitcoin ETF as Bitcoin (BTC) rebounds. This event marks a significant milestone in the acceptance and integration of cryptocurrencies into mainstream finance. Here’s an in-depth analysis of this phenomenon and its broader implications. Introduction to BlackRock’s Bitcoin ETF BlackRock, the world’s largest asset manager, launched its Bitcoin ETF, iShares Bitcoin Trust (IBIT), which has quickly become a focal point in the crypto investment landscape. The…

Bitcoin’s (BTC) price in the last 24 hours has experienced a downturn, shedding about 0.25% to trade at $72,973 after surpassing the $73,000 milestone and touching an all-time high of $73,800.  This reversal comes amidst growing concerns about the sustainability of the recent rally, with analysts cautioning about a potential cool-off period for the cryptocurrency. On the last day, the BTC price swayed between an intra-day low and high of $71,720.18 and $73,750.07, respectively.  BTC/USD 24-hour price chart (source: CoinMarketCap) During the dip, BTC’s market capitalization and 24-hour trading volume dipped by 0.20% and 30.28%, respectively, to $1,435,010,021,694 and…

Cryptocurrency Regulation in South Africa: Licensing for 60 Firms Expected by Month’s End South Africa is set to make a significant impact on the global cryptocurrency stage with its plan to license around 60 cryptocurrency companies by March 2024. This move represents a pivotal moment in the country’s financial regulatory framework, signaling its commitment to regulating the crypto industry effectively. Regulatory Framework Development The Financial Sector Conduct Authority (FSCA) in South Africa has been actively processing applications from cryptocurrency firms since the implementation of its new regulatory framework. This framework, introduced last year, aims to bring clarity and oversight to…

XRP breaks out of market consolidation, surging ahead in cryptocurrency prices Today, March 14, XRP, a cryptocurrency supported by Ripple Labs, has stirred significant speculation among global crypto traders and investors. The token’s price has dipped below $0.71 after a notable surge in the past few days, sparking interest and activity in the market.  As of now, the XRP price stands at $0.6834, showing a decrease of 1.00% over the last 24 hours. This recent price movement has resulted in XRP’s market capitalization settling at $37.38B. Since the beginning of the year, XRP has experienced a change of 11.67%, indicating…

Swissblock forecasts Bitcoin’s downtrend to US$58k, anticipates cryptocurrency market cool-off The biggest cryptocurrency, Bitcoin (BTC), has been rising steadily over the last month, setting new records along the way as every decline was swiftly snapped up, but experts cautioned that the market might be ready for a cooling-off period. In a letter published on Wednesday, the digital asset analytics company Swissblock stated that there may soon be a cooling spell as bitcoin’s price roughly doubled from US$38,000 in late January to US$35,000 today. “Nothing exhibits a linear rally. Not even Bitcoin,” experts at Swissblock stated in a Telegram post. “A…

Avalanche (AVAX) has emerged as a prominent player in the crypto ecosystem In the fast-paced world of cryptocurrency, few assets have captured the attention of investors quite like Avalanche (AVAX). Recent price movements have seen AVAX reach impressive heights, with its value surging to $57.50, surpassing its previous high of $49 on December 24. This surge marks the continuation of an uptrend that began on January 24, when AVAX fell to a low of $28. However, the recent spike of 35% in just two days has accelerated this upward trajectory, signaling a potential trend reversal. As one of the leading…

Coinbase’s US$1 billion convertible debt offering: Strategic move echoing Saylor’s MicroStrategy Crypto News: Coinbase, the leading US-based cryptocurrency exchange, has recently made headlines with its announcement of plans to raise a substantial US$1 billion through a convertible debt offering. This bold move underscores the company’s proactive stance in navigating the ever-evolving digital asset landscape, as it seeks to capitalize on market opportunities and support shareholders amidst regulatory challenges. Despite this ambitious strategy, Coinbase encountered a 3.6% drop in after-hours trading following the announcement. However, this setback appears to be temporary, as the company’s stock has surged impressively by 47% since…

Bitcoin (BTC) has surged to a new all-time high, surpassing the $73,000 threshold and setting a precedent in cryptocurrency. This notable ascent in Bitcoin’s value comes amidst a climate of anticipatory interest rate adjustments and keen observation of inflation trends, underscoring the cryptocurrency’s increasing appeal among a broad spectrum of investors. At press time, BTC exchanged hands at $72,844.66, a 1.13% surge from the intra-day low. BTC/USD 24-hour price chart (source: CoinMarketCap) Market Dynamics and Investor Sentiment The recent price rally of Bitcoin to an intraday peak of $73,612 and its subsequent stabilization around the $72,920 mark reflects robust confidence…

Ethereum price targets US$4,200 amid rising bullish trend and increasing market momentum Ethereum prices have soared above US$4,000 for the first time since December 2021, ahead of a series of network improvements known as the Deneb-Cancun, or Dencun upgrade. The Dencun update will go live on the Ethereum mainnet on March 13, 2024. The widely awaited Ethereum update will be highlighted by EIP-4844, also known as proto-dank sharding, which is expected to significantly lower gas prices on L2 networks. The Dencun upgrade is an Ethereum update that heralds the beginning of “The Surge” phase on the Ethereum roadmap. During “The…