Argentines are using black market exchanges, known locally as “crypto caves,” to buy U.S. dollar stablecoins in a bid to escape strict currency controls and triple-digit inflation of the Argentine peso (ARS), and are reportedly shunning Bitcoin due to perceived volatility. Crypto caves are underground peer-to-peer exchanges operating secretly and tucked away in “non-visible places,” CryptoMarket’s…

On-chain indicators assessing Bitcoin’s BTC) value have entered a “high-risk” zone and could mean the cryptocurrency is in the initial stages of a bull market, says the crypto analysis platform Glassnode. In a Feb. 10 X post, Glassnode shared that an indicator to identify Bitcoin’s long-term valuation compared relative to its market value had pushed above the…

The recently launched spot Bitcoin exchange-traded funds (ETFs) completed their first 20 trading sessions hitting the $10 billion milestone in assets under management (AUM). According to data from BitMEX Research, net flows for the nine ETFs reached $2.7 billion on Jan. 9, led by BlackRock’s IBIT fund, which currently holds Bitcoin worth $4 billion. The second…

Web3 security firm Blowfish has detected two new Solana drainers that can perform bit-flip attacks, according to a Feb. 9 analysis shared on X (formerly Twitter). The drainers, known as ‘Aqua’ and ‘Vanish,’ were flagged modifying a conditional within on-chain data, even after a user’s private key was used to sign a transaction. According to…

Bitcoin price is up 6.28% over the last 24 hours and hit an intraday high at $48,200 on Feb. 9. Technical indicators, rallying spot Bitcoin exchange-traded fund (ETF) shares and on-chain data show that Bitcoin has the strength to revisit the post-Bitcoin ETF approval high above $49,000. Traders say the Bitcoin SuperTrend indicator shows a rare buy signal…

Ether price witnessed a 10% price increase in the first nine days of February, breaking above $2,450 for the first time in three weeks. This movement was aligned with the broader cryptocurrency market’s bullish momentum and significantly influenced by the macroeconomic environment. Despite the reasons behind Ether’s rally, investors are growing more bullish as deposits on…

Former BitMEX CEO and Maelstrom chief investment officer Arthur Hayes has published a blog post arguing the case for “points” as a better alternative to initial coin offerings (ICOs) and yield farming when it comes to crypto fundraising and engagement. “Points Guard” is an essay on the new pseudo-ICO crypto fundraising and engagement method. If you don’t…

While the hype surrounding the metaverse may be away from its peak back in 2021, an executive believes it lives on, with governments in the Middle East capitalizing on the technology to boost their economies. At the Arte Talks event held at the Theatre of Digital Art in Dubai, Cointelegraph spoke with Samuel Huber, the…

Ethereum scaling protocol Polygon has developed a new Type 1 prover allowing ecosystem chains like optimistic rollups to unlock zero-knowledge proof (ZK-proofs) layer-2 functionality. Polygon co-founder Brendan Farmer spoke exclusively to Cointelegraph after Polygon announced that its next-generation Polygon zkEVM Type 1 prover will be available as open source to Ethereum ecosystem participants. Farmer said…

Abu Dhabi Global Market (ADGM) has signed a memorandum of understanding with the Solana Foundation to advance the development of distributed ledger technology (DLT). The partners did not announce any specific measures but will explore opportunities for development within ADGM’s DLT Foundations Regulations. ADGM and Solana will look to expand the international financial center’s existing…