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news-imageSeptember 12, 2024

Coinbase Launches cbBTC: Bringing Bitcoin to DeFi on Ethereum and Base

Coinbase has unveiled cbBTC, a wrapped version of Bitcoin, that allows users to utilize their Bitcoin holdings in decentralized finance (DeFi) applications on Ethereum and Base. As the largest and most widely recognized cryptocurrency, Bitcoin's integration with DeFi marks a significant step in expanding its use cases beyond simple holding or trading.
Publisher: CryptoGlobe
Sentiment: Positive
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cover-imageThe Currency Analytics
October 9, 2024

Ethereum User Pays $700,402 in Transaction Fees for Nothing: What Happened

A user recently incurred a jaw-dropping fee of 288 ETH—equivalent to around $700,402—to complete a transaction that ultimately sent nothing to the intended recipient. This surprising event has sent ripples through the crypto community, raising questions about how such an error could occur and what it means for users in the Ethereum ecosystem.

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cover-imageBitcoin
October 9, 2024

Bitcoin Staking Protocol Babylon Attracts About 24,000 BTC in Deposits

staking Bitcoin protocol Babylon has achieved a major milestone, pulling in 23,891.67071126 BTC in confirmed total value locked (TVL) and attracting 25.31K stakers after lifting the cap on its second staking round. This significant increase in participation underscores strong investor confidence and robust demand within Babylon's decentralized finance (defi) ecosystem.

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cover-imageNewsBTC
October 9, 2024

Bitcoin's Non-Realized Profits Hit Negative Levels—What Does This Mean for Investors?

As Bitcoin is currently still struggling to reclaim major highs, a recent analysis of its fundamentals has highlighted a possible buying opportunity for Bitcoin based on insights from the Non-Realized Profit metric. A CryptoQuant analyst known as Darkfost highlighted this metric's importance in a recent post on the CryptoQuant QuickTake platform, mentioning what its trend means for investors.

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cover-imageCoinPedia
October 9, 2024

FTX News: Could $12 Billion in Repayments Spark a Bitcoin Rally?

The bankrupt crypto exchange, FTX, is preparing to return over $12 billion to its creditors. This payout plan is raising hopes for a possible shake up in the crypto market. FTX owes around $11.2 billion to its creditors. However this amount will rise as the exchange also has to provide interest oven investments.

Positive
cover-imageThe Currency Analytics
October 9, 2024

Bitfinex Analysts View Last Week's Bitcoin Dip as a Healthy Realignment

Bitcoin's recent price dip of nearly 10% has stirred various reactions among traders and analysts alike. According to a report released by analysts at Bitfinex on October 6, this pullback is not a sign of weakness but rather a “healthy realignment” that may ultimately lower the risk of a more catastrophic drop in the coming days and weeks.

Positive
cover-imageCointribune
October 9, 2024

MicroStrategy Skyrockets Bitcoin: Its Stock Soars By 1,208%

The tech company MicroStrategy, known for its massive investments in Bitcoin, has just achieved an exceptional stock performance. According to a recent report, its stock recorded a staggering gain of 1,208% since 2020, far surpassing Bitcoin's rise of 445% during the same period.

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