Bitcoin Analysis

Improved blockchain analytics will become increasingly important to combat the use of cross-chain bridges for illicit means, which are estimated to surpass $10 billion in value by 2025. Blockchain analytics firm Elliptic forecasts a 60% rise in the value of illicit cryptocurrency laundered through cross-chain bridges from $4.1 billion in June 2022 to $6.5 billion
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Compound Finance, the Ethereum [ETH]-based decentralized lending protocol, took a significant step that will reduce its vulnerability to DeFi exploits. DeFi exploits have singlehandedly managed to wreck havoc in the cryptocurrency market. Furthermore, several DeFi platforms have fallen victim to these attacks over the past few weeks.  Compound Finance set to impose borrowing cap Users
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Bitcoin’s average dormancy witnessed a spike, which indicates higher selling pressure Bitcoin’s volume and MVRV ratio continued to decline. According to a new CryptoQuant report by Wenry, Bitcoin’s average dormancy had witnessed a spike. In the past, whenever such a spike occurred, it was always accompanied by the first technical rebound. $BTC:Average Dormancy – Highest level
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With digital asset management firm Grayscale refusing to provide proof of reserves for its Grayscale Bitcoin Trust (GBTC), an independent analyst has spent days combing through the blockchain to independently verify its holdings. The OXT Research analyst, Ergo, used on-chain forensics to confirm that as of Nov. 23 that the GBTC owns approximately 633,000 Bitcoin
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Polygon’s zkEVM crosses 14,000 transactions since its launch  MATIC metrics looked in favor of a price surge in the coming days Sandeep Nailwal, the co-founder of Polygon [MATIC], recently posted an update regarding Polygon’s zkEMV. According to Sandeep, the zkEVM recently crossed the 14,000 transaction mark, that too without downtime. This was a significant development for
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