Crypto Guides, Knowledge & Insights

MetaMask Security Alerts Feature Launched To Help Users Limit Hacks

MetaMask, the popular Web3 wallet, has joined forces with security company Blockaid to introduce an innovative security alerts feature through a desktop browser extension. This partnership marks a significant step in enhancing the security and user experience of cryptocurrency transactions.Cutting-Edge MetaMask Security Alerts Feature Unveiled　　Starting today, MetaMask users can begin testing this cutting-edge MetaMask security alerts feature, which aims to proactively safeguard against malicious transactions and protect users from hacks and fraud in the crypto sector.　　Early adopters who participate in the testing phase will receive alerts when potentially toxic transactions are detected. The full rollout of this MetaMask security alerts feature is scheduled for Q1 2024, with an expected release on the MetaMask mobile app by the end of November.　　Redefining Web3 Wallet Security with Innovative Partnership　　Notably, this collaboration positions the wallet company as one of the pioneering self-custodial Web3 wallets to integrate native MetaMask security alerts features, setting a precedent in the industry.　　Unlike most Web3 wallets that rely on sharing transaction data with third parties for validation, MetaMask and Blockaid have devised a unique privacy-preserving module. This module effectively simulates transactions without the need to share every transaction and signature request with external entities.　　By doing so, MetaMask and Blockaid anticipate

2023-11-03Deep Dive

PayPal UK Registration as a Crypto Provider Surfaces!

PayPal UK has achieved a significant milestone in its crypto journey, as it has officially secured registration with the U.K. Financial Conduct Authority.　　According to the regulator‘s website, the newly established entity, PayPal UK Limited, successfully made its way onto the FCA’s registry on Tuesday. This development allows PayPal to partake in specific activities related to cryptoassets within the region.　　In the United Kingdom, companies aiming to offer cryptocurrency services must undergo registration approval while adhering to the stringent anti-money laundering regulations set by the FCA. With its recent registration, PayPal UK Limited gains the authority to manage its own crypto-related communications, leveraging the benefits of the recently implemented marketing regulations.　　PayPal‘s Registration with U.K.’s FCA　　PayPal made headlines when it temporarily halted crypto purchases in the U.K., citing the need to ensure compliance with the country‘s evolving regulatory framework. The decision was a proactive step to align with the FCA’s guidelines and demonstrate its commitment to upholding the highest standards of compliance within the crypto space.　　PayPals move comes amid a dynamic and evolving landscape for digital currencies, as regulatory bodies worldwide grapple with establishing comprehensive frameworks for the burgeoning crypto market. By obtaining registration with the U.K. Financial Conduct Authority, PayPal reinforces its

2023-11-02Deep Dive

Fed Rate Pause In November: Bitcoin Flirts With $36,000 As Altcoin Surge Sharply

Following the Fed rate pause in November, Bitcoin price flirted with $36,000. The global crypto market cap rose to $1.32 trillion. Solana and layer 1 blockchain tokens surged. DeFi tokens like Uniswap and Aave also saw significant gains.　　Bitcoin rallied against the $36,000 mark on Thursday, continuing its week-long rally. The worlds largest digital asset by market cap is now changing hands for $35,604, up 3.46% in the past 24 hours. The global cryptocurrency market cap also saw an increase, rising to $1.32 trillion, a rise of 3.63% in the last 24 hours, as shown by CoinMarketCap.Source: CoinMarketCapFed Rate Pause In November　　This rally comes after the U.S. Federal Reserves Federal Open Market Committee (FOMC) decided to leave its benchmark fed funds rate range steady at 5.25%-5.50%. Fed Chairman Jerome Powell mentioned during the post-FOMC press conference that the run-up in U.S. Treasury yields has tightened financial conditions. However, he also left the option open for an additional rate hike if necessary.　　Tighter financial and credit conditions for households and businesses are likely to weigh on economic activity, hiring, and inflation. The extent of these effects remains uncertain. The Committee remains highly attentive to inflation risks.　　said the FOMC　　Additionally, Solana (SOL) experienced a remarkable

2023-11-02Deep Dive

FTX and Alameda Crypto Transfer $13.1M to Exchanges Overnight

Cryptocurrency wallets linked to the discontinued cryptocurrency exchange, FTX, and its partner trading firm, Alameda Research, have commenced transfers totaling upwards of $13 million in diverse alternative cryptocurrencies to several crypto exchanges as of November 1.FTX and Alameda Crypto Transferred $13.6M in Altcoins to Coinbase and Binance　　On-chain analysis company Spotonchain unveiled that the FTX wallet initially transferred $8.12 million of alternative cryptocurrencies to Coinbase. These assets included 46.5 million units of The Graphs GRT, valued at $4.85 million, 972,073 Render (RNDR) tokens totaling $2.3 million, and 708.1 Maker tokens worth $967,000.　　Following this, the wallet addresses associated with FTX and Alameda Research performed another transfer valued at $5.49 million after a three-hour gap, moving the funds to Binance and Coinbase. In this transaction, the top three assets were 1.14 million dYdX (DYDX) tokens, valued at $2.64 million, 192,888 Axie Infinity tokens totaling $1.05 million, and 5,858 Aave tokens, amounting to $522,000.

2023-11-02Deep Dive

SafeMoon Founders Accused of Multimillion-Dollar International Fraud Scheme

The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit in the Eastern District of New York, accusing the cryptocurrency company SafeMoon LLC and its founders Kyle Nagy, SafeMoon US LLC, CEO John Karony, and CTO Thomas Smith of conducting a large-scale fraudulent scheme involving the unregistered cryptocurrency asset SafeMoon. The charges include securities fraud, wire fraud, and conspiracy to commit money laundering.　　The SEC alleges that the defendants promised to pump up the tokens price but instead wiped out billions in market value, withdrew more than $200 million worth of cryptocurrency assets from the project, and misappropriated investor funds for personal use.　　The U.S. Attorneys Office for the Eastern District of New York has announced the arrests of John Karony and Thomas Smith earlier today.　　SafeMoons price skyrocketed over 55,000% from March 12 to April 20, 2021, reaching a market cap of $5.7 billion. However, when the public learned on April 20, 2021, that SafeMoons liquidity pool was not locked as claimed, its price dropped nearly 50%.　　

2023-11-02Deep Dive

MicroStrategy Buys 155 BTC in October, Total Holdings Reach 158,400 BTC

MicroStrategy has officially released its financial report for the third quarter of 2023, revealing an additional purchase of 155 Bitcoins in October at a price of $5.3 million. As of October 31, 2023, MicroStrategy holds a total of 158,400 Bitcoins, with a total cost of $4.69 billion, equivalent to $29,586 per Bitcoin.　　The company reported a total revenue of $129.5 million for the third quarter, representing a 3% year-over-year growth. Software license revenue was $45 million, marking a 16% year-over-year increase, and subscription services revenue amounted to $21 million, showing a 28% year-over-year growth.　　

2023-11-02Deep Dive

Bloomberg: Crypto Market's Long-Term Liquidity Shortage Sparks Recent Bitcoin Price Volatility

The long-term lack of liquidity in the cryptocurrency market has been a key factor in the significant price volatility of Bitcoin over the past few weeks. FalconXs research team found that while recent trading activity partly rebounded due to expectations of Bitcoin exchange-traded funds (ETFs), the market depth this year remains at its lowest point. They measured market depth by looking at the average trading volume of Bitcoin within 1% of the current price over a 24-hour period.　　In November of last year, blockchain data company Kaiko referred to the ongoing impact as the “Alameda Gap.” Researchers at Kaiko stated that this lingering effect is largely a result of market makers suffering significant losses after the FTX crash.　　According to Delphi Digital data, total trading volumes on centralized exchanges (CEX) and decentralized exchanges (DEX) in the spot market are at multi-year lows.　　Stablecoins market capitalization is another measure used by analysts to gauge the health of market liquidity, as stablecoins serve as a crucial entry and exit channel for cryptocurrency traders. They are typically pegged to another currency, with the most common being the U.S. dollar. According to DeFiLlama data, the total market capitalization of stablecoins has been shrinking.　　Michael Rinko, an analyst at

2023-11-02Deep Dive

Bitwise Analyst Foresees Up to $100 Billion Inflows from Physical Bitcoin ETFs in 5 Years

Bitwise analyst Ryan Rasmussen stated in an interview that a Bitcoin spot ETF could potentially bring in as much as $50 billion to $100 billion in inflows within the next five years and could “potentially have a huge impact on the price of Bitcoin.”　　He also mentioned that he expects the SEC to approve ETF applications as early as December of this year, with Bitwise being one of the applicants.　　Ryan Rasmussen previously noted that financial advisors interested in cryptocurrencies typically consider allocating 1% to 5% of their portfolio to Bitcoin. Historically, the weight of BTC in their portfolios has remained at the lower end of that range (1%) due to attractive opportunities in stocks and bonds. However, as professional asset allocators seek to hedge against rising inflation, economic uncertainty, and geopolitical conflicts, more people are considering increasing the weight of BTC in their portfolios.　　

2023-11-01Deep Dive

8 Key Highlights for November: Three Bitcoin Spot ETFs Under Review

Here are 8 significant events to watch for in November:　　November 2: The Federal Reserves interest rate decision will be announced.　　November 11: The third review of the 21 Shares/ARK Invest Bitcoin Spot ETF.　　November 12: Aptos (APT) is expected to unlock 24.84 million tokens, equivalent to 10.06% of the circulating supply, worth approximately $167 million.　　November 14: The release of the U.S. CPI data for October.　　November 17: The first review of the Hashdex and Franklin Bitcoin Spot ETF.　　November 24: Avalanche (AVAX) plans to unlock 9.54 million tokens, representing 2.69% of the circulating supply, worth about $105 million.　　November 30: Blur may commence its second-quarter airdrop.　　November 21: The second review of the Global X Bitcoin Spot ETF.　　

2023-11-01Deep Dive

Q3 2023: Top 10 DEX Spot Trading Volume Hits $105B, Down 31.2% from Q2

CoinGeckos Q3 cryptocurrency industry report reveals that the total trading volume for the top 10 DEXs in Q3 2023 was $105 billion, a 31.2% decrease from the second quarter. THORChain had the largest percentage gain in Q3 2023, with a trading volume increase of 113%, totaling $1.27 billion. Sushi.com, which has been a DEX mainstay since 2020, dropped out of the top 10 in Q3 2023. Orca claimed the dominant position with a 1% market share by the end of September.　　

2023-11-01Deep Dive

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