Why Bitcoin’s Fee Spike Is Raising Eyebrows as Prices Hold Steady Above $68K

October 19, 2024 Bitcoin.com

Bitcoin

While bitcoin’s price has remained above $68,000, onchain fees tagged along for the ride. Earlier this month, fees were below $1, but two days ago on Oct. 17, the average transfer fee hit a peak of $6.32. Today, onchain fees stand at around 22.9 satoshis per virtual byte (sat/vB), or roughly $3.61 per transaction. Bitcoin’s […]

Wrapped Bitcoin in DeFi: Evaluating wBTC, cbBTC and tBTC

13,000 People Hacked As Criminal Organization Cracks Smartphones, Drains Bank Accounts, Steals Passwords, Audio Recordings, Photos, Text Messages and More: Report

October 19, 2024 The Daily Hodl

Account

Security researchers say a newly discovered piece of malicious software designed to drain bank accounts has hit 13,000 people. Experts at the cybersecurity firm Zimperium say a new variant of a trojan called TrickMo is infecting Android devices through phishing and social engineering attacks, often disguising itself as legitimate-looking banking and utility apps. Zimperium, which […]

The post 13,000 People Hacked As Criminal Organization Cracks Smartphones, Drains Bank Accounts, Steals Passwords, Audio Recordings, Photos, Text Messages and More: Report appeared first on The Daily Hodl.

Wrapped Bitcoin in DeFi: Evaluating wBTC, cbBTC and tBTC

Memecoins drove Tron network revenue to new high over Q3: Messari

October 18, 2024 Coin Telegraph

active users

Nearly a third of Tron’s record $151 million quarterly revenue came from its new memecoin launchpad SunPump over a two week period.

Tron’s memecoin launchpad SunPump has driven the blockchain’s quarterly revenue to a record high of $151.2 million across the third quarter, a nearly 30% quarter-on-quarter bump, says Messari.

A memecoin frenzy saw over 89,000 tokens launched on SunPump between Aug. 12 and Sept. 30 and led to Tron’s decentralized finance transactions gaining by 487% over Q3, Messari said in an Oct. 17 report.

Between Aug. 16 and 31, over 270 million TRON (TRX) tokens were burned, generating around $42 million — nearly 27% of Tron’s Q3 revenue, Messari noted.

Wrapped Bitcoin in DeFi: Evaluating wBTC, cbBTC and tBTC

US lagging behind in global stablecoin adoption — Chainalysis

October 17, 2024 Coin Telegraph

Bitcoin

Growing demand for US dollar-backed stablecoins and regulatory uncertainty in the US are the key reasons for stablecoins thriving in other jurisdictions.

The United States has seen record Bitcoin activity since the launch of spot BTC exchange-traded funds (ETFs). However, stablecoin adoption in the US has slowed in 2024 compared to global markets, according to an Oct. 17 report from Chainalysis.

US markets have recorded a significant shift in stablecoin activity this year, with the share of stablecoin transactions on US-regulated exchanges dropping from roughly 50% in 2023 to below 40% in 2024.

In contrast, the share of stablecoin transactions on non-US regulated platforms has surged since 2023, breaking 60% in 2024, according to Chainalysis’ latest report on crypto adoption trends in North America.

Wrapped Bitcoin in DeFi: Evaluating wBTC, cbBTC and tBTC

UAE Introduces Retroactive VAT Exemptions for Crypto Transactions

October 7, 2024 Bitcoin.com

Bitcoin

The United Arab Emirates has introduced VAT amendments that impact crypto transactions, redefining tax obligations for companies in the digital asset space. Under the new rules, businesses dealing with cryptocurrencies and other digital assets must carefully evaluate their tax positions, especially as some provisions retroactively affect transactions since 2018. UAE’s VAT Amendments Introduce Retroactive Tax […]

Wrapped Bitcoin in DeFi: Evaluating wBTC, cbBTC and tBTC

Swift to Pilot Digital Asset and Currency Transactions in 2025

October 6, 2024 Bitcoin.com

Asia

Swift will begin live trials for digital asset and currency transactions in 2025, engaging banks across North America, Europe, and Asia in a major step toward real-world applications. By leveraging its existing network, Swift aims to merge digital and traditional assets, addressing the challenges of disconnected platforms. The trials build on successful blockchain experiments, seeking […]

Wrapped Bitcoin in DeFi: Evaluating wBTC, cbBTC and tBTC

Banks Under Attack As ‘Octo2′ Drains Customers’ Accounts in Secret Smartphone Takeover: Report

October 4, 2024 The Daily Hodl

Account

Hackers have unleashed a highly advanced piece of malware that quietly infects mobile devices, takes control and drains bank accounts without users even noticing. Security researchers at Threat Fabric say “Octo2” is a vastly improved version of a malicious mobile malware that captures users’ banking credentials as they are typed on the screen, allowing hackers […]

The post Banks Under Attack As ‘Octo2′ Drains Customers’ Accounts in Secret Smartphone Takeover: Report appeared first on The Daily Hodl.

Wrapped Bitcoin in DeFi: Evaluating wBTC, cbBTC and tBTC

Ripple Boosts Cross-Border Transactions in Brazil With New Payment Solution

October 3, 2024 Bitcoin.com

bitcoin.com

Ripple is expanding its digital payments service in Brazil, partnering with Mercado Bitcoin to offer faster, cheaper cross-border transactions. This move positions Ripple Payments as a key player in the region’s crypto landscape, helping businesses move funds 24/7. With plans to streamline treasury operations between Brazil and Portugal, the service also aims to benefit corporate […]

Wrapped Bitcoin in DeFi: Evaluating wBTC, cbBTC and tBTC

Banks to join SWIFT digital asset trials in 2025

October 3, 2024 Coin Telegraph

Banks

SWIFT said it is uniquely positioned to interlink the fragmented digital asset landscape with its forthcoming digital currency trials in 2025.

Banks in North America, Europe and Asia are preparing to participate in trials involving digital assets by the Society for Worldwide Interbank Financial Telecommunication (SWIFT).

SWIFT announced on Oct. 3 that it will begin digital asset trials on its network in 2025. The trials will involve experiments with transactions that include multiple digital currencies and assets.

Source: SWIFT

Wrapped Bitcoin in DeFi: Evaluating wBTC, cbBTC and tBTC

Donald Trump uses Bitcoin to buy burgers at NYC bar

September 19, 2024 Coin Telegraph

Bitcoin

Pubkey, a Bitcoin bar in New York City, hosted the former US President and 2024 Republican nominee for a campaign stop on Sept. 18.

Republican Party presidential nominee Donald Trump appeared in a New York City bar and restaurant famous for accepting Bitcoin, becoming the first former US president to use the cryptocurrency in a transaction.

According to a Sept. 18 X post by Pubkey, Trump used Bitcoin (BTC) to purchase hamburgers at the NYC bar. BTC advocate and Professional Capital Management CEO Anthony Pompliano was in attendance at the campaign stop, which was also reported on Trump’s Truth Social account.

The event came less than two days after the Republican nominee announced the launch of a token through the World Liberty Financial crypto platform, run by members of his family. Despite once calling Bitcoin a “scam” and crypto “based on thin air,” Trump has advocated for BTC miners as part of his 2024 campaign and spoken at the Bitcoin 2024 conference in Nashville.

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