Gnosis Chain said on Oct. 8 that its xDAI bridge and Omnibridge now confirm Ethereum deposits in “about one slot” using Ethereum’s Fast Confirmation Rule (FCR), replacing the wait for full finality. That cuts the usual Ethereum confirmation wait to about 12 seconds from at least roughly 13 minutes, according to Gnosis’s documentation. The shorter
Bhutan’s Digital Bank Sets Its Sights on Abu Dhabi In a disclosure shared with Bitcoin.com News, DK Bank outlined the rationale behind the move, describing Abu Dhabi as “a key part of DK’s international strategy, providing a gateway between the Middle East, Asia, and other global markets.” The financial institution effectively serves as the financial
Michael Saylor recently pointed out that four of CoinGecko’s top ten tokenized stocks are based on MSTR and STRC. This observation underscores the growing importance of digital equity and digital credit in the global financial landscape. As these tokens gain traction, they could lead to significant shifts in market dynamics, particularly in how investors engage
Some 6.26 million $BTC, or 31.2% of Bitcoin’s issued supply, sit behind public keys already visible onchain, according to an Oct. 8 update by Glassnode co-founder Rafael Schultze-Kraft. The exposed balance has grown by 222,000 $BTC since Glassnode’s May report, while total supply increased by 64,000 $BTC, he said. The change reflects more existing coins
VerifiedX (verifiedx.io), a programmable layer for Bitcoin and other crypto assets, and EDX Markets (“EDX”), a Chicago-based digital asset technology firm that combines an institution-only trading venue with a central clearinghouse, announced a strategic partnership to bring Verified Bitcoin (vBTC), a tokenized form of Bitcoin, to EDX for institutional spot trading. vBTC, VerifiedX’s flagship product,
In brief Bitcoin fell as low as $81,749.83 today, undercutting the $82,776.30 floor flagged yesterday, and trades near $82,486. Bitcoin ETFs lost $484.9 million on Oct. 7, their worst day since June, while 87.5% of the $429 million liquidated over 24 hours were long positions. Uptober is turning out red so far, but the charts
The Bitcoin funding rate on Binance has plunged to approximately -0.00215, its lowest level since last January. With $BTC retreating toward $83,000, futures traders are leaning increasingly bearish. But that shift could cut both ways. Negative funding means short-position holders pay fees to long-position holders. In practical terms, it suggests demand for short exposure has
A modest early decline in bitcoin BTC$80,925.70 on Thursday has accelerated, the price falling to about a one-month low just above $80,000 Bitcoin is down 4% over the past 24 hours, and is now lower by more than 8% since nearly hitting $87,000 just four days ago. That’s masking far uglier action in the rest
Bitcoin, one of the most closely followed assets by investors in the cryptocurrency market, continues to search for direction, with both short-term and long-term predictions emerging. At this point, the latest forecast comes from investment bank TD Cowen. While TD Cowen maintains its optimism regarding Bitcoin’s long-term outlook, it paints a more cautious picture for