News

Bitcoin Faces Greater Quantum Computing Risk Than Ethereum, Citi Warns

Citi has issued a warning that Bitcoin is more vulnerable to the threats posed by quantum computing compared to Ethereum. The bank's analysis suggests that Bitcoin's reliance on specific cryptographic algorithms makes it particularly susceptible to potential quantum attacks. In contrast, Ethereum's ongoing upgrades and adaptability may offer better protection against such risks. The report highlights the urgency for the cryptocurrency industry to address these vulnerabilities as quantum technology advances.

Read the full article: Decrypt

Galaxy secures New York BitLicense to expand institutional crypto services

Galaxy Digital has obtained a BitLicense from the New York State Department of Financial Services (NYDFS), allowing it to expand its institutional cryptocurrency services in the state. This license enables Galaxy to offer a range of services, including trading and custody for digital assets. The acquisition of the BitLicense is

Odds against rate cuts high as new US Fed chair set for swearing in

The upcoming swearing-in of the new US Federal Reserve chair coincides with increasing speculation that interest rate cuts are unlikely in the near future. Economic indicators suggest persistent inflation, which may prompt the Fed to maintain or even raise rates instead of cutting them. Analysts believe that the new chair

Retail Bitcoin investor demand falls by 73% as futures selling tops $2B: Are the bears back?

Retail demand for Bitcoin has plummeted by 73%, indicating a significant decline in interest among individual investors. Concurrently, futures selling has surged, exceeding $2 billion, suggesting that bearish sentiment is taking hold in the market. Analysts are concerned that this shift could signal a downturn in Bitcoin's price.

Hyperliquid's USDC deal could supercharge HYPE, pressure Circle, Coinbase margins, analysts say

Hyperliquid's recent deal involving USDC is expected to significantly boost the HYPE token's value, potentially increasing demand and trading activity on its platform. Analysts suggest that this move could put pressure on major players like Circle and Coinbase by intensifying competition in the stablecoin market. The

Read more

Galaxy secures New York BitLicense to expand institutional crypto services

Odds against rate cuts high as new US Fed chair set for swearing in

Retail Bitcoin investor demand falls by 73% as futures selling tops $2B: Are the bears back?

Hyperliquid's USDC deal could supercharge HYPE, pressure Circle, Coinbase margins, analysts say