Category: Bitcoin News

Opinion by: Vincent Kadar, CEO of Polymath When a company sold tokenized shares in dozens of homes in Detroit that it did not actually own, it was more than a real estate scandal. It served as a warning to the entire real-world asset (RWA) sector. The deal seemed modern, including blockchain tokens, fractional ownership and the promise of rental income. In reality, however, many properties were vacant, in poor condition or not even legally theirs to sell. The blockchain noted every token transfer smoothly. It lacked the necessary checks that…

Key takeaways: Bitcoin’s correlation with Nvidia has surged to 0.75, its highest in a year. Analysts fear such a correlation may result in BTC price dropping by up to 80%. Bitcoin (BTC) and Nvidia stock (NVDA) are now moving more in sync than at any point in the past year. That has some market watchers worried about a looming crash similar to the dot-com bubble era in the late 1990s. Risky AI-on-AI deals pose crypto crash risks BTC’s 52-week correlation with the world’s top chipmaker has climbed to 0.75 as…

United States-based prediction marketplace Kalshi has closed another major funding round to bring its platform to more than 100 countries worldwide. Kalshi has completed a Series D funding round of over $300 million led by Sequoia Capital and Andreessen Horowitz (a16z), with participation by Paradigm, the company announced on Friday. The platform is immediately available in over 140 countries, Kalshi said in a statement shared with Cointelegraph, adding that it has now emerged as the “world’s only unified global prediction market and instantly added billions of new potential customers.” The…

Hackers attempted to infiltrate the account of Binance co-founder Changpeng “CZ” Zhao, signaling potential attacks from state-backed hacker groups, such as the North Korean Lazarus Group. “Government-backed attackers” were attempting to steal Zhao’s Google password, according to a Google warning shared by CZ, who suggested that it may be another attempt by North Korea’s Lazarus Group. “I get this warning from Google once in a while. Does anyone know what this is? North Korea Lazarus? Not that I have anything important on my account,” said Zhao in a Friday X…

Key takeaways: XRP’s (XRP) drop toward $2.80 was preceded by a significant amount of transfers from large holders, which some analysts said may fuel a deeper price correction.  Whales are offloading their XRP XRP whales, or entities holding large amounts of tokens, have intensified their sell-side activity as the price dropped below $3.  Related: Ripple to bring RLUSD stablecoin to Bahrain via new partnership Analyzing XRP Whale Flow data, using a 30-day moving average, CryptoQuant analyst Maartunn said that $50 million worth of XRP is leaving whale wallets daily. He…