Author: Ava Patel

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Ava Patel

Ava Patel's expertise lies in creating engaging and informative content about the latest trends and opportunities in the crypto space. Her writing is known for its clarity, accuracy, and ability to convey complex concepts in a way that is accessible to both novice and advanced readers.

Articles by Ava Patel

Spot Bitcoin ETF Approval Will Send BTC Price To $80K

Spot Bitcoin ETF Approval Will Send BTC Price To $80,000, Says Forbes

4 months ago 1 min read

Forbes recently published a column anticipating a significant increase in Bitcoin’s price, projecting an increase of up to $80,000 following the Securities and Exchange Commission’s (SEC) approval of Spot Bitcoin ETFs. According to MarketWatch, crypto analysts at AllianceBernstein, one of the largest investment firms, believe that the US SEC’s approval of Spot Bitcoin ETF applications could result in a significant increase in Bitcoin’s price, reaching $80,000 by the end of 2024. AllianceBernstein analysts Gautam Chhugani and Mahika Sapra highlight several factors that could contribute to this potential surge. Aside from the approval of Spot Bitcoin ETFs, they point to the

Crypto Payment Processor CoinsPaid Exploited of Over $6 Million

CoinsPaid Faces Another Crypto Fraud, Losing Over $6 Million

4 months ago 1 min read

CoinsPaid, a well-known digital asset processor and crypto payment ecosystem, is dealing with a potential crypto fraud that could cost the company more than $6 million. On-chain researcher ZachXBT brought the alarming situation to light, reporting significant losses suffered by CoinsPaid platform users due to fraudulent transactions. CoinsPaid has acknowledged the attack and assured users it is investigating the possible breach. Customers, however, remain skeptical of the platform’s security measures, owing to the recurrence of such issues. Investors who were hoping for a quick recovery following previous crypto exploits are now confronted with new uncertainties. Users are strongly advised to

Radiant Capital Faces $4.5 Million Exploit in Ethereum Theft

Radiant Capital Loses $4.5 Million Worth of Ethereum to Hackers

4 months ago 1 min read

Radiant Capital, a well-known cross-chain lending system, was recently the victim of a major security breach that resulted in the theft of 1,900 Ethereum (ETH) worth $4.5 million. PeckShield, a blockchain security and analytics firm, was the first to report the incident. The attack took advantage of a flaw in the lending platform that emerged following the activation of a new market. It’s worth noting that the platform under consideration is a fork of two well-known systems, Compound and Aave. The hacker took advantage of a well-known rounding flaw in the current Compound/Aave codebase. Surprisingly, the exploit was carried out

Binance crypto exchange has burned 5.57 billion Terra Luna Classic (LUNC) tokens in its 17th batch of the LUNC burn mechanism.

Binance Burns Over 5.50 Billion LUNC Tokens in 17th Batch

4 months ago 1 min read

Binance crypto exchange has burned 5.57 billion Terra Luna Classic (LUNC) tokens in its 17th batch of the LUNC burn mechanism. This action contributes to a significant portion of the total tokens burned by the Terra Luna Classic community, signaling a promising start to the new year. Following Binance’s recent LUNC burn, the prices of USTC and LUNC, two tokens in the Terra Classic ecosystem, increased by more than 7%. This increase reflects positive market sentiment as the community looks forward to the new year. The 17th batch of the LUNC burn mechanism took place between November 30th and December

Bitwise Takes the Lead in US Bitcoin ETF Race with $200M Seed Capital,

Bitwise Takes the Lead in US Bitcoin ETF Race with $200M Seed Capital, BlackRock Partners with JPMorgan in Finance’s Crypto Shift

4 months ago 1 min read

The race among major financial institutions to launch the first US Bitcoin Exchange-Traded Fund (ETF) heats up, with Bitwise taking the lead with a significant $200 million seed capital. This amount exceeds BlackRock‘s $10 million seed capital, giving Bitwise a strong start in the race to launch a Bitcoin ETF. Bitwise recently filed its S-1 form, revealing a seed capital of $200 million for its Bitcoin ETF. While the identity of the investor is unknown, the substantial amount positions Bitwise favorably in the competitive ETF landscape. Seed capital is critical for launching an ETF, facilitating investor access, and supporting the

Solana briefly surpassed Binance's BNB in market cap during the rally

Solana’s price drops after the December rally; BNB regains market position

4 months ago 1 min read

Following an impressive December rally in which Solana’s price increased by 120%, the crypto experienced a cooling-off period in the days following Christmas. Solana briefly surpassed Binance’s BNB in market cap during the rally. During an impressive December rally, Solana’s market cap briefly surpassed that of BNB. However, Solana entered a correction phase after Christmas, retracing from its yearly high of $123 to below $100. Solana is currently trading at $108, down approximately 13% from its peak. BNB’s price has risen by 12%, allowing it to reclaim its position as the fourth-largest crypto by market cap, surpassing Solana. The volatile

MATIC Surges Over 15% as Polygon Transitions to Blockchain Development Platform

Polygon’s MATIC Surges Over 15% as Polygon Transitions to the Blockchain Development Platform

4 months ago 1 min read

MATIC, Polygon’s native token, has seen a significant increase, rising more than 15% in early Wednesday trading. MATIC’s bullish momentum is pushing it towards 2022 highs, despite its price of nearly $1.10. This surge coincides with Polygon’s transition from a scaling solution to a broader blockchain development platform, which has piqued the interest of investors. According to the most recent trading data, MATIC is worth $1.04, a significant increase from its previous support level of around $0.88 earlier in the week. The token’s impressive 15% single-day gain has contributed to a 32% week-to-week gain. MATC‘s 24-hour trading volume has risen

Nigeria's Central Bank Lifts Crypto Ban

Nigeria’s Central Bank lifts crypto ban, sparking potential rivalry between crypto exchanges and P2P sellers

4 months ago 1 min read

Nigeria’s Central Bank (CBN) has lifted the ban on banks engaging in crypto transactions, signaling a watershed moment in the country’s crypto landscape. This move is expected to increase competition between established cryptocurrency exchanges and the thriving peer-to-peer (P2P) trading community. Prior to this change, the CBN had imposed a ban on banks handling cryptocurrency transactions, resulting in an increase in P2P trading. Despite the ban, people continued to use Bitcoin and other crypto, preferring direct peer-to-peer transactions. Cointelegraph spoke with Nathaniel Luz, co-founder of a cryptocurrency company, to learn more about the potential impact of this policy shift. Luz

Bitcoin Bulls Reclaim Control

This Crypto Analyst Thinks Bitcoin Price Can Hit $47,000 in The Coming Days

4 months ago 1 min read

Bitcoin (BTC) appears to be going back to life after a shaky period! This week, the price surpassed $43,000, leaving bears in the dust and rekindling hope for greater heights. Ali Martinez, a prominent crypto analyst, has weighed in with his predictions, painting a picture of what might come next for the king of crypto. Martinez sees $43,200 as a critical level of support for Bitcoin. This is a bridge that must be crossed to maintain momentum. What’s the good news? Bitcoin broke through this barrier on December 20th and has remained stable since. Martinez believes that if Bitcoin remains

the crypto community experienced a SIM-swap attack on December 22

Surge in SIM-Swap Attacks Targets Crypto Community, Compromising Online Security

4 months ago 1 min read

As the holiday season approaches, there is a concerning uptick in SIM-swap attacks, with notable figures in the crypto community falling victim to these security breaches. Among those targeted are Jae Chung, the founder of Manifold Trading, and Farokh, the founder of Rug Radio. The attacks resulted in unauthorized access to their X (formerly Twitter) accounts, where suspicious links were posted. Jae Chung and Manifold Trading’s official X account experienced a SIM-swap attack on December 22, leading to the compromise of their X account. Chung clarified that the breach was limited to their Twitter accounts, with all fund-sensitive information remaining

BlackRock edges closer to launching its own ETF.

BlackRock nears Bitcoin ETF launch, facing SEC scrutiny over using a third-party broker

4 months ago 2 mins read

The race for a Bitcoin Exchange Traded Fund (ETF) is heating up as financial giant BlackRock edges closer to launching its own ETF. However, the company is facing scrutiny from the U.S. Securities and Exchange Commission (SEC) over its plan to utilize a third-party broker and Coinbase as a custodian. As the year comes to a close, BlackRock, along with other applicants, is fine-tuning its ETF application. The Bitcoin ETF has been a highly anticipated development in the crypto space, and BlackRock’s entry into the arena adds an extra layer of excitement. One notable aspect of BlackRock’s plan is the

U.S. Appeals Court Upholds Forfeiture of Silk Road's Cryptocurrency Stash

U.S. Appeals Court Upholds Forfeiture of Silk Road’s Crypto Stash

4 months ago 1 min read

A US appeals court confirmed the forfeiture of 69,370 bitcoins and other cryptocurrencies associated with the Silk Road dark web marketplace in a ruling issued on Wednesday. The original August decision was upheld by the United States District Court of Appeals for the Ninth Circuit. The Silk Road creator, Ross Ulbricht, two claimants, and the US government as the plaintiff are all named in the court filing. The government obtained the crypto from “Individual X” and has now completed the forfeiture procedure. This action strengthens the government’s grip on the confiscated digital assets associated with the notorious dark web marketplace.

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