In a dramatic turnaround, Bitcoin (BTC) surged close to $26,000 during Asian trading hours, reversing Monday’s dip to three-month lows below $25,000. This sudden rise appears to be driven by a short squeeze, which is essentially a rally fueled by the closing of bearish bets in the derivatives market. The Short Squeeze Unveiled As Bitcoin’s…
In a recent legal showdown, the DeFi Education Fund (DEF) has taken proactive measures to defend the cryptocurrency industry’s right to use open-source software. DEF initiated a legal action against a firm it labels a “patent troll,” Connecticut-based technology company True Return Systems LLC. The patent dispute revolves around allegations of patent infringement against two…
In the ever-evolving landscape of cryptocurrencies, security remains a paramount concern. Recently, Ethereum staking protocol Lido Finance was under the spotlight due to alleged security vulnerabilities in its token contract. While the protocol did not confirm any breaches, it acknowledged the existence of a known security flaw. It provided assurance regarding the safety of Lido…
In a thrilling development for the Mina Protocol community, a significant update has been greenlit, paving the way for introducing robust zero-knowledge (ZK) smart contracts to the Mina mainnet. This pivotal announcement comes straight from the developers, who have diligently worked to bring this exciting upgrade to fruition. Empowering Developers with zkApps This game-changing update,…
Ripple is making significant strides in bolstering its regulatory foothold in the United States through the recent acquisition of Fortress Trust. This strategic move, announced on September 8, is part of Ripple’s ongoing mission to expand its nationwide licensing portfolio. Fortress Trust, a Nevada-based chartered trust company specializing in crypto and Web3 technologies, provides crucial…
HBAR stands out with its resilient bullish sentiment as the cryptocurrency market faces recent headwinds. HBAR follows a range-bound ascending pattern, drawing support from well-defined resistance levels. A Consistent Pattern Despite Recent Challenges HBAR is on the brink of concluding its third consecutive month following the ascending pattern mentioned earlier. Despite recent developments that doubt…
