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’10x Surge’ — Coinbase Traffic Overwhelmed Initial Demand Projections Amid Bitcoin’s Rise to $64K

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The crypto enterprise Coinbase, rooted in San Francisco, experienced an influx of online visits that surpassed the tenfold increase anticipated by their projections. Brian Armstrong, the CEO of Coinbase, shared updates about the heightened traffic following the exchange’s operational hiccups, which coincided with bitcoin’s climb to $64,000 on Wednesday. Coinbase Traffic Spike Surpasses Expectations Coinbase, … Read more

TokenFi Experiences Fluctuations Following Recent Surge

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TokenFi, the latest venture launched by the seasoned team behind the popular Floki token, has witnessed a slight decline in its value, dropping by up to 5% over the past 24 hours. This dip comes after an impressive surge of over 20% in the preceding seven days, highlighting the inherent volatility within the cryptocurrency market. … Read more

Security Breach At Serenity Shield: $5.6 Million Worth Of Tokens Compromised

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Today marked a troubling turn of events for Serenity Shield’s project as a MetaMask wallet associated with the initiative fell victim to a security breach. The breach resulted in the loss of 6.9 million $SERSH tokens, valued at approximately $5.6 million. Serenity Shield’s MetaMask wallets were compromised for 6.9M $SERSH (worth ~$5.6 million). Some of … Read more

Amidst a Surge in Spot Bitcoin ETF Reserves, Kraken Institutional Enters the Market

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The crypto exchange based in San Francisco, Kraken, has unveiled its latest offering, Kraken Institutional, a digital currency suite designed expressly for high-net-worth firms and institutional investors. Deep Liquidity and Low-Latency Trading: Kraken Institutional’s Promise to Elite Clients This new crypto service, Kraken Institutional, introduced by Tim Ogilvie, the global head of the business division, … Read more

Service Interruptions at Coinbase, Robinhood and Kraken as Bitcoin Soared to $64,000

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On Wednesday, bitcoin’s value ascended to the vicinity of $64,000, during which time users of Coinbase and Robinhood reported disruptions in service. As of Feb. 28, 2024, Coinbase’s status page indicated the platform was suffering from “degraded performance,” while Robinhood’s clientele voiced their grievances to the platform’s support team. Technical Troubles Shadow Bitcoin’s Climb to … Read more

Lemon Report: Argentina Leads Crypto Adoption in Latam; Tether Dominates Stablecoin Sector

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Argentina is leading the adoption of cryptocurrency in Latin America. According to a report titled “Argentina Crypto Capital,” produced by Lemon, a leading exchange in the country, four of every ten cryptocurrency apps in Latam are being used by Argentines, with over 70% of the deposits processed by the exchange corresponding to USDT, Tether’s dollar-pegged … Read more

Blast Network Prepares For Mainnet Launch With Over $2 Billion TVL

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Blast, the Layer 2 network developed by Blur’s founder, recently made a significant announcement via their official Twitter handle, revealing that the mainnet is set to go live on February 29.  Blast, the Layer 2 network launched by the founder of Blur, officially tweeted that the Blast mainnet will be launched on February 29. Previously, … Read more

Blur Emerges As Dominant Player In NFT Market Despite Trading Volume Dip

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Blur has solidified its position as a frontrunner in the competitive NFT marketplace, boasting the highest transaction activity in the past month. Despite experiencing a 21% decline in trade volume and a 5% decrease in value today, Blur continues to lead the pack in the dynamic NFT space. Recent on-chain reports on X have shed … Read more

Russia Hints at Development of CBDC-Based BRICS Bridge Payments System

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Russia has proposed the development and implementation of a BRICS-wide payment system that would use central bank digital currencies (CBDCs) to manage trade settlements. The BRICS bridge, as referred to by Russian Finance Minister Anton Siluanov, would address the fragmentation of the current payment system outside the West’s “unfriendly infrastructure.” Russia Hints at Using CBDC … Read more

Suspicious Activity Surrounds BitForex Cryptocurrency Exchange

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A recent report by on-chain detective ZachXBT has shed light on concerning activity within the BitForex cryptocurrency exchange.  Investors are growing increasingly apprehensive as questions arise regarding the exchange’s recent transactions and actions. According to ZachXBT’s findings, BitForex witnessed a significant $56.5 million withdrawal from its hot wallet on February 23. Surprisingly, withdrawal processing was … Read more

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