Decentralized finance (DeFi) aggregator ParaSwap thwarts Augustus v6 vulnerability
Cryptopolitan (RSS)
In a swift response to a critical vulnerability discovered within its Augustus v6 contract, decentralized finance (DeFi) aggregator ParaSwap has averted a potential catastrophe by executing a timely white hat intervention.
ParaSwap’s rapid response protecting user funds from vulnerability
The vulnerability, which posed a significant threat to user funds, was promptly addressed by the platform, showcasing its commitment to security and user protection. Upon the launch of the Augustus v6 contract, ParaSwap aimed to enhance swapping efficiency and reduce gas fees for its users.
Cryptopolitan (RSS)
In a swift response to a critical vulnerability discovered within its Augustus v6 contract, decentralized finance (DeFi) aggregator ParaSwap has averted a potential catastrophe by executing a timely white hat intervention.
ParaSwap’s rapid response protecting user funds from vulnerability
The vulnerability, which posed a significant threat to user funds, was promptly addressed by the platform, showcasing its commitment to security and user protection. Upon the launch of the Augustus v6 contract, ParaSwap aimed to enhance swapping efficiency and reduce gas fees for its users.
Bitcoin adoption soars in Argentina amid economic turmoil
Cryptopolitan (RSS)
In response to Argentina’s staggering inflation rate of 276%, citizens are increasingly turning to Bitcoin as a safeguard against economic instability, marking a notable shift in financial strategy. The surge in Bitcoin purchases comes amidst a decline in the traditional practice of exchanging pesos for dollars, which historically served as a hedge against inflation in Argentina.
Argentines flock to Bitcoin amidst soaring inflation
Bitcoin purchases in Argentina have reached their highest weekly value in 20 months, as reported by Lemon, a prominent local cryptocurrency exchange. This surge underscores a growing trend among Argentines seeking refuge from recession and grappling with one of the world’s highest inflation rates. Lemon recorded nearly 35,000 Bitcoin purchases in the week ending March 10, marking a substan...
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Cryptopolitan (RSS)
In response to Argentina’s staggering inflation rate of 276%, citizens are increasingly turning to Bitcoin as a safeguard against economic instability, marking a notable shift in financial strategy. The surge in Bitcoin purchases comes amidst a decline in the traditional practice of exchanging pesos for dollars, which historically served as a hedge against inflation in Argentina.
Argentines flock to Bitcoin amidst soaring inflation
Bitcoin purchases in Argentina have reached their highest weekly value in 20 months, as reported by Lemon, a prominent local cryptocurrency exchange. This surge underscores a growing trend among Argentines seeking refuge from recession and grappling with one of the world’s highest inflation rates. Lemon recorded nearly 35,000 Bitcoin purchases in the week ending March 10, marking a substan...
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There are so many things wrong with Federal Reserve’s balance sheet
Cryptopolitan (RSS)
The balance sheet of the Federal Reserve is under a microscope, and for a good reason. It’s a whopping $7.5 trillion behemoth that’s got policymakers and market watchers alike breaking out in cold sweats. Let’s dive deep, shall we? Because, boy oh boy, there’s a whole lot to unpack here.
Since 2022, the Fed has been on a mission to drain the financial system’s swamp of excess cash, letting $60 billion in Treasuries and $35 billion in agency-backed mortgage debt expire monthly without renewal. This move, known as quantitative tightening, can’t go on forever, and that’s not just us talking; it’s a fact.
The Ticking Time Bomb
Why is the Federal Reserve kicking the hornet’s nest now, you ask? Simple. They’re trying to sidestep a market meltdown like th...
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Cryptopolitan (RSS)
The balance sheet of the Federal Reserve is under a microscope, and for a good reason. It’s a whopping $7.5 trillion behemoth that’s got policymakers and market watchers alike breaking out in cold sweats. Let’s dive deep, shall we? Because, boy oh boy, there’s a whole lot to unpack here.
Since 2022, the Fed has been on a mission to drain the financial system’s swamp of excess cash, letting $60 billion in Treasuries and $35 billion in agency-backed mortgage debt expire monthly without renewal. This move, known as quantitative tightening, can’t go on forever, and that’s not just us talking; it’s a fact.
The Ticking Time Bomb
Why is the Federal Reserve kicking the hornet’s nest now, you ask? Simple. They’re trying to sidestep a market meltdown like th...
View original post
Breaking down Canada’s economic conundrum – What is happening?
Cryptopolitan (RSS)
Canada finds itself at a crossroads, grappling with an economic puzzle that has everyone from policymakers to the average Joe scratching their heads. It’s about time we dived deep into the nitty-gritty of what’s been going on with the Canadian economy, and folks, buckle up because it’s been a roller coaster of a ride with twists and turns that not even the most seasoned economists saw coming.
A Glimpse into the Canadian Wallet
As of late, Canadians have felt a bit of relief with the pace of inflation slowing down to its most leisurely stride in eight months. Yes, you heard it right. The annual inflation rate dropped to 2.8% in February, throwing a curveball at expectations, which had pegged it at 3.1%. It’s like expecting snow in April and getting a sunny day instead – pleasant but puzzling.
For two consecutive months, the inflation rate ...
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Cryptopolitan (RSS)
Canada finds itself at a crossroads, grappling with an economic puzzle that has everyone from policymakers to the average Joe scratching their heads. It’s about time we dived deep into the nitty-gritty of what’s been going on with the Canadian economy, and folks, buckle up because it’s been a roller coaster of a ride with twists and turns that not even the most seasoned economists saw coming.
A Glimpse into the Canadian Wallet
As of late, Canadians have felt a bit of relief with the pace of inflation slowing down to its most leisurely stride in eight months. Yes, you heard it right. The annual inflation rate dropped to 2.8% in February, throwing a curveball at expectations, which had pegged it at 3.1%. It’s like expecting snow in April and getting a sunny day instead – pleasant but puzzling.
For two consecutive months, the inflation rate ...
View original post
Robert Kiyosaki bullish on Silver amidst rising industrial demand
Cryptopolitan (RSS)
Renowned investor and author Robert Kiyosaki, famous for his best-selling book “Rich Dad Poor Dad,” has recently voiced his bullish stance on silver as an investment opportunity. In a recent statement, Kiyosaki highlighted silver’s multifaceted utility as both a precious metal and a critical component in various industrial applications, asserting that its demand is on the rise.
Silver’s unique position amidst growing demand
Kiyosaki emphasized silver’s significance beyond its traditional role as a store of value, noting its pivotal role in industries and technologies. He pointed out the escalating global demand for silver, fueled in part by ongoing geopolitical tensions and the proliferation of warfare across different regions.
Cryptopolitan (RSS)
Renowned investor and author Robert Kiyosaki, famous for his best-selling book “Rich Dad Poor Dad,” has recently voiced his bullish stance on silver as an investment opportunity. In a recent statement, Kiyosaki highlighted silver’s multifaceted utility as both a precious metal and a critical component in various industrial applications, asserting that its demand is on the rise.
Silver’s unique position amidst growing demand
Kiyosaki emphasized silver’s significance beyond its traditional role as a store of value, noting its pivotal role in industries and technologies. He pointed out the escalating global demand for silver, fueled in part by ongoing geopolitical tensions and the proliferation of warfare across different regions.
Sam Bankman-Fried lawyers decry ‘medieval’ sentence proposal
Cryptopolitan (RSS)
United States prosecutors have recommended a maximum sentence of 50 years in prison for former FTX CEO Sam Bankman-Fried, who was convicted on fraud and money laundering charges in November 2023. This sentencing proposal has sparked controversy, with Bankman-Fried’s lawyers condemning it as reminiscent of a “medieval view of punishment.”
In a response to the government’s sentencing proposal, Bankman-Fried’s legal team, Marc Mukasey and Torrey Young, penned a letter to Judge Lewis Kaplan, asserting that the suggested sentence misrepresents the severity of their client’s crimes. They argued that the proposed term would essentially equate to a “death-in-prison” sentence, which they deemed unjust.
Sam Bankman-Fried’s lawyers counter allegations of high risk
Mukasey and Young put forth several arguments in favor of...
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Cryptopolitan (RSS)
United States prosecutors have recommended a maximum sentence of 50 years in prison for former FTX CEO Sam Bankman-Fried, who was convicted on fraud and money laundering charges in November 2023. This sentencing proposal has sparked controversy, with Bankman-Fried’s lawyers condemning it as reminiscent of a “medieval view of punishment.”
In a response to the government’s sentencing proposal, Bankman-Fried’s legal team, Marc Mukasey and Torrey Young, penned a letter to Judge Lewis Kaplan, asserting that the suggested sentence misrepresents the severity of their client’s crimes. They argued that the proposed term would essentially equate to a “death-in-prison” sentence, which they deemed unjust.
Sam Bankman-Fried’s lawyers counter allegations of high risk
Mukasey and Young put forth several arguments in favor of...
View original post
Coinbase Doubles Down On USDC Stablecoin Payments And Ads
CoinGape (RSS)
To boost the adoption of cryptocurrencies in everyday transactions, Coinbase, a popular crypto exchange, has initiated a move. Coinbase entered into a partnership with Compass Coffee, a prominent veteran-owned coffee chain based in Washington D.C. The collaboration will utilize the USD Coin (USDC) stablecoin for payments in the coffee chain.
Coinbase & Compass Coffee Partnership
The Coinbase and Compass Coffee collaboration aims to introduce customers to the advantages of using cryptocurrency payments. The initiative will be spearheaded by the Compass Coffee’s Half Street store. Hence, the store’s customers will now have the option to pay for their coffee purchases using USDC, according to a ...
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CoinGape (RSS)
To boost the adoption of cryptocurrencies in everyday transactions, Coinbase, a popular crypto exchange, has initiated a move. Coinbase entered into a partnership with Compass Coffee, a prominent veteran-owned coffee chain based in Washington D.C. The collaboration will utilize the USD Coin (USDC) stablecoin for payments in the coffee chain.
Coinbase & Compass Coffee Partnership
The Coinbase and Compass Coffee collaboration aims to introduce customers to the advantages of using cryptocurrency payments. The initiative will be spearheaded by the Compass Coffee’s Half Street store. Hence, the store’s customers will now have the option to pay for their coffee purchases using USDC, according to a ...
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Crypto Price Prediction: Top Altcoins Rebound As BTC Holds Above $60k
CoinGape (RSS)
Crypto Price Prediction: The cryptocurrency market has been notably bearish this week following the lead of Bitcoin price correction below $70000. The market-wide correction accelerated further as spot BTC ETFs witnessed a notable outflow in the last two days.
As recently highlighted by Wu Blockchain, Bitcoin spot ETFs saw a substantial net outflow on March 19, totaling US$326 million. Notably, the Grayscale ETF GBTC experienced a single-day net outflow of US$443 million. In contrast, the Bitcoin spot ETF recording the largest net inflow on the previous day was BlackRock ETF IBIT, which saw a modest inflow of US$75.23 million.
...
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CoinGape (RSS)
Crypto Price Prediction: The cryptocurrency market has been notably bearish this week following the lead of Bitcoin price correction below $70000. The market-wide correction accelerated further as spot BTC ETFs witnessed a notable outflow in the last two days.
As recently highlighted by Wu Blockchain, Bitcoin spot ETFs saw a substantial net outflow on March 19, totaling US$326 million. Notably, the Grayscale ETF GBTC experienced a single-day net outflow of US$443 million. In contrast, the Bitcoin spot ETF recording the largest net inflow on the previous day was BlackRock ETF IBIT, which saw a modest inflow of US$75.23 million.
...
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CoinShares Aims To Diversify US Offerings With New Bitcoin Products
CoinGape (RSS)
CoinShares, a renowned digital fund manager hailing from Europe, is embarking on an ambitious journey to diversify its offerings and establish a significant presence in the dynamic US market. Spearheaded by CEO Jean-Marie Mognetti, the company has set its sights on achieving parity in assets under management between the US and Europe within a tight timeframe of three years.
In a strategic move that underscores its commitment to this objective, CoinShares recently concluded the acquisition of Valkyrie Funds. This pivotal acquisition not only marks CoinShares’ entry into the highly competitive US market but also injects approximately $530 million in fresh assets under management into its portfolio.
Product Innovation and Market Impact
Driven by a relentless pursuit of innovation, CoinShares is gearing up t...
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CoinGape (RSS)
CoinShares, a renowned digital fund manager hailing from Europe, is embarking on an ambitious journey to diversify its offerings and establish a significant presence in the dynamic US market. Spearheaded by CEO Jean-Marie Mognetti, the company has set its sights on achieving parity in assets under management between the US and Europe within a tight timeframe of three years.
In a strategic move that underscores its commitment to this objective, CoinShares recently concluded the acquisition of Valkyrie Funds. This pivotal acquisition not only marks CoinShares’ entry into the highly competitive US market but also injects approximately $530 million in fresh assets under management into its portfolio.
Product Innovation and Market Impact
Driven by a relentless pursuit of innovation, CoinShares is gearing up t...
View original post
XRP Price: Analyst Bullish On XRP To Hit $1 In April As Price Nears $0.6
CoinGape (RSS)
Amid the recent price dip witnessed by altcoins due to market corrections and BTC’s slip to $62K, a prominent analyst’s anticipation of XRP’s imminent run to $1 echoed a sense of frenzy across the crypto horizon today, March 20. Dark Defender, a well-known crypto market analyst, recently took to a post on X, showcasing retained bullishness on the Ripple-backed token’s capability to scale $1 in April, giving rise to a colossal torrent of speculations. This torrent of speculations birthed as XRP slipped below the crucial $0.6 mark yesterday, coming in contrast to the analyst’s predictions.
XRP Hits $1 In April: Here’s Why
According to the analyst’s post on X, a critical examination of XRP’s market dynamics showcased Dark Defender’s previous predictions fell in line with the upcoming potential $1 prediction. Further, aligning with the analyst’s today’s statement, XRP traded at $0.58 on February 28, wh...
View original post
CoinGape (RSS)
Amid the recent price dip witnessed by altcoins due to market corrections and BTC’s slip to $62K, a prominent analyst’s anticipation of XRP’s imminent run to $1 echoed a sense of frenzy across the crypto horizon today, March 20. Dark Defender, a well-known crypto market analyst, recently took to a post on X, showcasing retained bullishness on the Ripple-backed token’s capability to scale $1 in April, giving rise to a colossal torrent of speculations. This torrent of speculations birthed as XRP slipped below the crucial $0.6 mark yesterday, coming in contrast to the analyst’s predictions.
XRP Hits $1 In April: Here’s Why
According to the analyst’s post on X, a critical examination of XRP’s market dynamics showcased Dark Defender’s previous predictions fell in line with the upcoming potential $1 prediction. Further, aligning with the analyst’s today’s statement, XRP traded at $0.58 on February 28, wh...
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3 Top Altcoins To Buy Poised For Growth In The Solana Ecosystem Bull Run
CoinGape (RSS)
The Cryptocurrency market is abuzz with optimism as three altcoins in the Solana ecosystem emerge as prime contenders for investment. Book of Memes (BOME), dogwifhat (WIF), and Myro (MYRO) have exhibited significant bullish momentum, signaling the growth potential. Investors are eyeing the top altcoins to buy and closely monitor these tokens amidst the current market upswing.
1. Book of Memes (BOME)
The latest new meme in the cryptocurrency world, BOME, has captured the attention of investors as it operates on the Solana blockchain. With its unique blend of meme integration, decentralized storage solutions, and trading features, BOME aims to redefine web3 culture.
Following its recent listing on Binance, BOME has witnessed an astounding 1,182...
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CoinGape (RSS)
The Cryptocurrency market is abuzz with optimism as three altcoins in the Solana ecosystem emerge as prime contenders for investment. Book of Memes (BOME), dogwifhat (WIF), and Myro (MYRO) have exhibited significant bullish momentum, signaling the growth potential. Investors are eyeing the top altcoins to buy and closely monitor these tokens amidst the current market upswing.
1. Book of Memes (BOME)
The latest new meme in the cryptocurrency world, BOME, has captured the attention of investors as it operates on the Solana blockchain. With its unique blend of meme integration, decentralized storage solutions, and trading features, BOME aims to redefine web3 culture.
Following its recent listing on Binance, BOME has witnessed an astounding 1,182...
View original post
FOMC: BTC Price To Dip Below $60K, Analyst Predicts
CoinGape (RSS)
As the Federal Open Market Committee (FOMC) convenes today, Bitcoin’s price trajectory is under scrutiny, with investors bracing for potential volatility. Amid inflation concerns and anticipation over the FOMC’s decision, analysts predict a possible dip in Bitcoin’s price, notably highlighting the $60K mark as a pivotal level.
So, let’s delve into the insights driving these forecasts and what investors can expect in the crypto market landscape.
Analyst Predicts Bitcoin Price To Dip Below $60K
Ahead of the Federal Reserve’s monetary policy decision, Bitcoin’s recent retreat has stirred speculation among investors and analysts alike. While expectations lean towards the Fed maintaining its policy rates, attention pivots towards cues embedded in the dot plot, particularly amid lingering inflationary pressures.
For context, the latest U.S. ...
View original post
CoinGape (RSS)
As the Federal Open Market Committee (FOMC) convenes today, Bitcoin’s price trajectory is under scrutiny, with investors bracing for potential volatility. Amid inflation concerns and anticipation over the FOMC’s decision, analysts predict a possible dip in Bitcoin’s price, notably highlighting the $60K mark as a pivotal level.
So, let’s delve into the insights driving these forecasts and what investors can expect in the crypto market landscape.
Analyst Predicts Bitcoin Price To Dip Below $60K
Ahead of the Federal Reserve’s monetary policy decision, Bitcoin’s recent retreat has stirred speculation among investors and analysts alike. While expectations lean towards the Fed maintaining its policy rates, attention pivots towards cues embedded in the dot plot, particularly amid lingering inflationary pressures.
For context, the latest U.S. ...
View original post