Browsing:News

Apple Acknowledges iPhone 15 Overheating Problems
3 days ago 1 min read

Apple Addresses Overheating Concerns in iPhone 15

Apple has acknowledged that some new iPhones may run warmer than expected in the first few days after setting up or restoring the device. In a statement released on Saturday, Apple said that the increased heat is due to background activity, such as downloading and installing apps, restoring data from a backup, and indexing content. The company also said that it has identified a few issues in the iOS 17 software that can cause iPhones to run warmer and that it will release a fix for these issues in an upcoming update. Apple advised users that their iPhones should cool

Over 2.3 billion Shiba Inu (SHIB) tokens burned in September
3 days ago 1 min read

Shiba Inu Burned Over 2.3B SHIB Tokens In September

Shibburn data revealed a significant reduction in the circulation of Shiba Inu tokens during September. Over 2.3 billion SHIB tokens, equivalent to $17,173, were permanently removed from circulation last month. While this figure is lower than in August, when 5.7 billion SHIB tokens (worth $45,899) were burned, it still signifies a notable reduction. Over the past 24 hours, SHIB has experienced a 3% price increase, accompanied by a surge in trading volume, reaching $99 million. However, throughout September, SHIB displayed relatively modest trading activity, with less than 7% movement, ultimately closing the month at a value of $0.0000075. What’s particularly

15,000 Ethers (ETH) that had been sitting in a wallet associated with last year's $600 million attack on FTX have now been moved
3 days ago 2 mins read

FTX Exchange ‘Hacker’ Transferred 15K ETH Over the Weekend

In a surprising turn of events, all 15,000 Ethers (ETH) that had been sitting in a wallet associated with last year’s $600 million attack on FTX have now been moved through privacy tools and bridges. This development sheds new light on one of the ongoing mysteries surrounding the exchange’s collapse in 2022. The Attack and Stolen Funds In November 2022, shortly after FTX and its affiliated companies filed for bankruptcy, an unknown party successfully drained various wallets, making off with as much as $600 million. Among the stolen assets, approximately $26 million worth of ETH, equivalent to 15,000 ETH, had

Solana (SOL) Experiences Surprise 15% Pump in Value
3 days ago 1 min read

Solana (SOL) Jumps 15% in Unexpected Price Rally

Over the past 48 hours, Solana has taken the cryptocurrency market by surprise with a substantial price surge, now sitting at $24.41. This unexpected leap has propelled Solana beyond a significant resistance level known as the 200 Exponential Moving Average (EMA), a crucial point of interest for traders. What makes this rally even more intriguing is the fact that Solana has recently been heavily shorted, raising the possibility that we might be witnessing the outcomes of a short squeeze. The crypto market has been abuzz lately, especially due to Bitcoin’s recent climb to $28,000. This bullish sentiment appears to be

Intense Selling by Whales Impacts Frax Finance Token Prices
3 days ago 1 min read

Frax Finance Tokens Under Selling Pressure as Whales Offload Holdings

Frax Finance (FXS), a cryptocurrency that recently enjoyed a bullish streak, is now grappling with renewed sell pressure. The big question on everyone’s mind is whether this is a brief episode of profit-taking or if there’s more to this story. Recent on-chain data has revealed that certain FXS whales are contributing to the selling pressure. Multiple addresses holding substantial amounts of Frax Finance tokens have seen outflows totaling 1.42 million FXS tokens, valued at over $8 million. These outflows occurred towards the end of September, with a significant portion of the tokens flowing into a single address, likely belonging to

Ethereum Whales Bullish on ETF Approval as They Gather More ETH
3 days ago 1 min read

Ethereum Whales Accumulate ETH as Ethereum Futures ETF Approval Nears Certainty

In recent news, Lookonchain has reported a noteworthy trend of Ethereum (ETH) accumulation and staking by large holders, often referred to as “whales.” One prominent whale, known as “0x7838,” made a significant move by withdrawing and staking 4,288 ETH from the Binance exchange just four days ago, amounting to approximately $7.2 million. Following suit, another wallet with the address “0x4b7B” also withdrew and staked a substantial amount, totaling 9,530 ETH, or approximately $16 million, from Binance. Market analysts speculate that this surge in Ethereum accumulation by whales could be linked to the pending approval of numerous Ethereum Futures ETF applications.

Bitcoin Surges to $28,000, Altcoins Follow Suit
3 days ago 0 mins read

Bitcoin Soars to $28,000, Ethereum Reaches $1,750

In a sudden and impressive move, Bitcoin has surged to the $28,000 mark, marking a rapid 3% increase within minutes. This price spike has had a positive impact on other cryptocurrencies, causing them to rise as well. Ethereum, one of the leading altcoins, has seen daily gains of 3% as well, with its price reaching $1,750. Currently, the fear and greed index stands at a “neutral” level, with a score of 48 points. Moreover, it appears that the recent price surge has led to the liquidation of a $30 million short position, adding to the market’s dynamics.

Mega XRP Transfer Sees Millions on the Move
4 days ago 1 min read

Whales transfer millions of XRP

An amount of XRP was swiftly moved, attracting the attention of the crypto community. According to Whale Alert, a crypto data tracking service, a total of 36.3 million XRP, equivalent to $18,775,470, was transferred from undisclosed whale wallets to Bithumb, one of South Korea’s prominent cryptocurrency exchanges. The movement of tokens to exchanges can serve various purposes, including selling, staking, or airdropping. However, the exact motive behind this large XRP transfer remains a mystery. Some speculators suggest it might be a profit-taking move. Notably, XRP has been gaining popularity among South Korean traders, to the extent that it has surpassed

Solana (SOL) is grabbing attention as it broke out of its latest price
4 days ago 1 min read

Solana (SOL) Breaks Out

Solana (SOL) is grabbing attention as it broke out of its latest price. In the latest price analysis, one SOL token is currently trading at around $22.80. This development is capturing the interest of traders and investors, especially those closely monitoring the SOL/ETH trading pair. The significance of this potential breakout cannot be overstated. It holds two-fold importance for the cryptocurrency community. Firstly, it signals an uptick in Solana’s volatility, potentially opening up more trading opportunities and the prospect of higher returns for market participants. Secondly, and perhaps even more intriguingly, it hints at Solana’s growing dominance in specific aspects

PulseChain Poses $20 Million Risk to USDT and USDC Stablecoins
4 days ago 2 mins read

Why USDT and USDC Face a $20 Million Risk on PulseChain

In the fast-paced world of cryptocurrencies, PulseChain has emerged as an exciting blockchain platform. However, recent developments have cast a shadow over the security of over $20 million worth of USDT (Tether) and USDC (Circle) tokens on PulseChain. PulseChain is known for its innovative blockchain, which allows users to bridge assets from other blockchains. In this case, it enables the transfer of USDT and USDC, two significant stablecoins in the crypto world, to PulseChain. This integration opens up exciting possibilities for decentralized applications and transactions. However, it also brings to light a critical issue: the potential for these tokens to

cryptocurrency exchange HTX
5 days ago 2 mins read

How HTX’s $8 Million Hack Impacts Centralized Crypto Exchanges

Earlier this week, cryptocurrency exchange HTX, formerly known as Huobi, experienced a significant security breach. Around 5,000 Ether (ETH), valued at $7.9 million, was stolen by a hacker who compromised the exchange’s hot wallet, making off with the assets in a single sweep. In response to the breach, Tron founder and HTX advisor Justin Sun reassured users that their assets would be safe and the exchange would cover the losses. However, HTX took a unique approach by leaving an on-chain message for the hacker. They offered a 5% white-hat bounty and gave the hacker seven days to return the funds.

Over $3 Million Disappears Into Unreachable Crypto Wallets
5 days ago 2 mins read

Crypto Investor Loses Access to $3 Million in Unreachable Crypto Wallets

Recently, a surge in online scams has grabbed the attention of regulators in the cryptocurrency industry. A distressing case in Connecticut underscores the dangers, as an individual lost over $3 million to scammers pretending to be associated with the well-known cryptocurrency exchange Kraken. The victim, who wishes to remain anonymous, resided in Westport, Connecticut. They followed advice to move funds from a retirement account with the intention of reinvesting in an account supposedly connected to Kraken. Unfortunately, this decision led to the swift disappearance of more than $3 million into cryptocurrency wallets that remained inaccessible. However, the victim didn’t suffer

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