Author: Ethan Carter
Ethan is a seasoned cryptocurrency writer with extensive experience contributing to leading U.S.-based blockchain and fintech publications. His work blends in-depth market analysis with accessible explanations, making complex crypto topics understandable for a broad audience. Over the years, he has covered Bitcoin, Ethereum, DeFi, NFTs, and emerging blockchain trends, always with a focus on accuracy and insight. Ethan's articles have appeared on major crypto portals, where his expertise in market trends and investment strategies has earned him a loyal readership.
Babylon Labs, a Bitcoin infrastructure company, announced it has created a system that allows native Bitcoin to be used as collateral for borrowing assets on the Ethereum network.David Tse, co-founder of Babylon Labs and a professor at Stanford University, revealed on Wednesday that the company has developed a proof-of-concept enabling “trustless” use of native Bitcoin as collateral for Ethereum loans.This announcement follows the release of a white paper detailing a trustless vault system that uses Bitcoin smart contract verification, BitVM3, to secure BTC in user-specific vaults. Withdrawals are contingent upon proofs of external smart contract states verified on the Bitcoin…
Hackers from North Korea have begun using a method to deploy malware aimed at stealing cryptocurrency and sensitive information by embedding harmful code into smart contracts on public blockchain networks, as reported by Google’s Threat Intelligence Group.This technique, known as “EtherHiding,” surfaced in 2023 and is often paired with social engineering tactics, such as reaching out to potential victims through fake job offers and high-profile interviews, leading users to malicious websites or links, according to Google.Hackers gain control of a legitimate web address through a Loader Script and embed JavaScript code into the site, activating a separate malicious code package…
Key takeaways:Bitcoin prices stabilized after US regional banks reported stronger-than-expected earnings, alleviating credit concerns.One analyst forecasted that Bitcoin’s bull run could conclude in 10 days.Bitcoin (BTC) dropped more than 5% to trade below $105,000 on Friday, extending its two-day decline as renewed stress in the US banking sector unsettled risk markets and raised alarms about broader financial stability. On Friday, US banking stocks demonstrated resilience, and global market sentiment steadied in pre-market trading.Bitcoin one-day chart. Source: Cointelegraph/TradingViewNevertheless, BTC continued to face resistance near $105,000, failing to capitalize on an improved risk appetite following stronger-than-expected earnings from regional lenders, which alleviated…
Babylon Labs, a Bitcoin infrastructure company, announced the creation of a system that allows native Bitcoin to serve as collateral for borrowing assets on Ethereum.On Wednesday, co-founder David Tse, who is also a professor at Stanford University, stated that the company has developed a proof-of-concept enabling “trustless” use of native Bitcoin as collateral for loans on Ethereum.This announcement coincided with the release of a white paper detailing a Bitcoin trustless vault system. This system utilizes Bitcoin smart contract verification, BitVM3, to secure BTC in user-specific vaults. Withdrawals are then controlled by proofs of external smart contract states verified on Bitcoin.With…
Babylon Labs, a Bitcoin infrastructure company, has announced the development of a system that allows for the use of native Bitcoin as collateral for borrowing assets on Ethereum.David Tse, co-founder of Babylon Labs and a professor at Stanford University, stated on Wednesday that the company has created a proof-of-concept enabling Bitcoin to be utilized “trustlessly” as collateral for loans on Ethereum.This announcement follows the release of a white paper outlining a trustless vault system that employs Bitcoin smart contract verification, BitVM3, to secure BTC in individual user vaults. Withdrawals from these vaults are contingent on proofs of external smart contract…
Key points:Bitcoin is receiving buying support beneath the $107,000 mark, but any relief rally is expected to be met with selling pressure.Numerous altcoins have hit significant support levels, yet the absence of a robust bounce indicates that downward momentum may persist for a while.Bitcoin (BTC) is under pressure as sellers strive to keep the price below the substantial $107,000 support threshold. This decline reflects a bearish sentiment, with dip buyers hesitant due to concerns regarding US regional banks.Nevertheless, analysts at Bitwise mentioned in their weekly crypto market compass report that the extensive liquidations on Oct. 10 signify selling fatigue, restricting…
Switzerland’s Gambling Supervisory Authority (GESPA), the regulatory body for gambling in the country, has lodged a complaint against FIFA’s non-fungible token (NFT) platform, FIFA Collect, claiming it operates as an unlicensed gambling provider.On Friday, GESPA announced the complaint, stating that the platform’s “competitions,” which include user rewards such as airdrop campaigns and challenges, classify as gambling according to current Swiss laws because of the chance involved in obtaining rewards. GESPA remarked:“Participation in the competitions is only possible in exchange for a monetary stake, with monetary benefits to be won. Whether participants win a prize depends on random draws or similar…
Key points:Bitcoin is receiving buying support below the $107,000 threshold, but any relief rally is expected to be sold into.Many altcoins have hit significant support levels, yet the lack of a strong rebound implies that downward momentum may persist for some time.Bitcoin (BTC) continues to be under pressure as bears strive to keep the price below the robust $107,000 support mark. This decline reflects a negative sentiment, as dip buyers are hesitant due to concerns regarding US regional banks.Nonetheless, analysts from Bitwise noted in their weekly crypto market compass report that the significant liquidations on October 10 indicate a potential…
A recent study reveals that Russia and the UK are leading in crypto adoption compared to the rest of Europe. Although these countries are adopting contrasting strategies, the underlying data offers significant insights.In fact, the UK is lagging behind, having been overtaken by Russia, while EU countries are not far behind. It’s hoped that overall adoption will continue to expand across the sector.Sponsored SponsoredCrypto Adoption in EuropeThe EU’s comprehensive MiCA regulations have unsettled local crypto markets; several key firms have exited the region, raising concerns about its competitiveness.A new report corroborates these fears, indicating that the two countries in Europe…
According to a recent report from the US blockchain analytics firm Chainalysis, cryptocurrency adoption in European nations such as the United Kingdom and Germany is falling behind that of Russia.Russia has emerged as the top crypto market in Chainalysis’ latest report on European Crypto Adoption, with $376.3 billion received in crypto from July 2024 to June 2025.Published on Thursday, the report integrates analyses of regions previously reviewed separately, encompassing Central, Northern, and Western Europe, alongside Eastern Europe as a whole.“For this year’s report, we’ve revamped our regional classifications to better mirror both current crypto activities and geopolitical realities,” stated Chainalysis.Russia’s…