Category: Bitcoin News

ETH/BTC Ratio Remains Under 0.05 For Past 14 Months: Report

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The Ether-Bitcoin (ETH/BTC) ratio, which measures the price of Ether (ETH) against the price of Bitcoin (BTC), has failed to reclaim 0.05, despite adoption of ETH by institutions and the historic price rally in July and August that took ETH to new all-time highs. ETH/BTC has remained below the 0.05 level since July 2024, and the ratio peaked in June 2017 when it hit the all-time high of 0.14, according to CoinGecko. The ratio current sits at 0.039, down from the 0.04 reached in August. The ratio fell to a 5-year…

Cryptocurrencies Will Modernize The Entire Capitalist System

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Calling crypto “Web 3.0”, the third layer of the internet that enables permissionless asset ownership on the Web, “undermines” crypto’s true significance, which is a complete overhaul of the capitalist system, according to Mert Mumtaz, CEO of remote procedure call (RPC) node provider Helius.  Mumtaz said that crypto supercharges all the necessary ingredients for capitalism to function properly, including the free flow of information in a decentralized way, immutable property rights, incentive alignment, transparency, and “frictionless” capital flows. Mumtaz added: “Crypto’s endgame will be that it fundamentally evolves the most…

Capital Group Grows Bitcoin Bet to $6B Through Treasury Stock Surge

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Capital Group, a 94-year-old mutual fund powerhouse known for its conservative investment approach, has grown a $1 billion position in Bitcoin-related stocks into more than $6 billion. Mark Casey, a portfolio manager with 25 years at Capital Group, led the firm’s move into Bitcoin. Casey, who describes his investment style as shaped by Benjamin Graham and Warren Buffett, has become an advocate for Bitcoin (BTC), according to a Sunday report by The Wall Street Journal. “I just love Bitcoin, I just think it is so interesting,” Casey said during a…

Yala’s Bitcoin-Backed YU Stablecoin Struggles to Reclaim Peg After Exploit

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Yala’s Bitcoin-backed stablecoin YU has failed to regain its dollar peg following an “attempted attack” early Sunday that sent the token plummeting to $0.2046. The Yala team confirmed the incident in a post on X, noting that it “briefly impacted YU’s peg.” The team added that they are working with blockchain security firm SlowMist and other security partners to investigate the breach. “Update: All funds are safe. Bitcoin deposited to Yala remains self-custodial or in vaults, with none lost,” the team wrote in their latest post on X. “We’ve identified…

Bitcoin Fills Its $117K CME Gap Amid Talk of Price Discovery Next

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Key points: Bitcoin futures markets fill a CME gap from mid-August, the latest sign of market strength. Bulls must avoid turning that level into resistance, or new local lows await, analysis says. BTC price all-time highs could come in a matter of weeks. Bitcoin (BTC) hit a key price target on Saturday as analysis went on record to predict fresh all-time highs. BTC/USD one-hour chart. Source: Cointelegraph/TradingView Bitcoin price outlook mixed with CME gap done Data from Cointelegraph Markets Pro and TradingView showed BTC/USD spot hitting $116,800 on Bitstamp. However,…

Crypto Exec Says Expect Tickerless US dollar Stablecoins in the Future

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Dollar-pegged stablecoins will eventually lose their price tickers, as exchanges abstract away the differently denominated stable tokens on the backend, presenting only a “USD” option to the user, according to Mert Mumtaz, CEO of remote procedure call (RPC) node provider Helius.  The bidding war for the Hyperliquid USD stablecoin (USDH), and proposals from several firms promising to give 100% of the yield back to Hyperliquid, revealed that the stablecoin sector has become “commoditized,” Mumtaz said.  Mumtaz added that he expects many companies to issue their own stablecoins and many existing…

Ethereum Foundation Reveals Privacy-Preserving Roadmap

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The Ethereum Foundation has released a roadmap to bring end-to-end privacy features to the Ethereum network, a layer-1 (L1) smart contract blockchain, and rebranded its “Privacy & Scaling Explorations” initiative to “Privacy Stewards of Ethereum” (PSE). PSE said it aims to bring privacy solutions to the protocol, infrastructure, networking, application, and wallet layers in Friday’s announcement, and laid out several key goals for the next 3-6 months. These included enabling private transfers through the development of the PlasmaFold layer-2 network, confidential voting, and privacy in decentralized finance (DeFi) applications.  The…

Web3 White Hats Earn Millions, Dwarfing $300K Cybersecurity Salaries

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Top white hats hunting vulnerabilities across decentralized protocols in Web3 are earning millions, dwarfing the $300,000 salary ceiling in traditional cybersecurity roles. “Our leaderboard shows researchers earning millions per year, compared to typical cybersecurity salaries of $150-300k,” Mitchell Amador, co-founder and CEO of bug bounty platform Immunefi, told Cointelegraph. In crypto, “white hats” refers to ethical hackers paid to disclose vulnerabilities in decentralized finance (DeFi) protocols. Unlike salaried corporate roles, these researchers choose their targets, set their own hours and earn based on the impact of what they find. So…

Why Onchain Crypto Collateral Can Get You Better Loan-To-Value Ratios

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Fabian Dori, the chief investment officer at digital asset bank Sygnum, says that banks offering crypto-backed loans prefer crypto collateral in the form of onchain assets rather than exchange-traded funds (ETFs), and using onchain collateral can benefit borrowers. Dori said that onchain assets are more liquid, allowing lenders to execute margin calls for crypto-backed loans on demand and offer higher loan-to-value (LTV) ratios to borrowers because the lender can liquidate the collateral in real-time. Dori told Cointelegraph: “It’s actually preferable to have the direct tokens as collateral, because then you…

To Grow, Web3 Needs To Rely On Web2

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Opinion by: Richard Johnson, chief operating officer of Data Guardians Network  In the ongoing drive to increase Web3 adoption, many Web3 enthusiasts and organizations continue to call for industries to move away from Web2 processes.  Whether it’s trying to make Web3 tools feel like a Web2 application or redefining business models to focus more on Web3 infrastructure, there is a vocal group that believes in demolishing Web2 for Web3 to grow.  This view is flawed.  Replacing existing systems is neither practical nor beneficial in the short term and risks limiting…