ETH

Hackers Tries To Steal Over $15 Billion in XRP From Bitfinex Fails

January 16, 2024 1 min read

Bitfinex CEO Paolo Ardoino revealed details about a foiled hacking attempt that targeted nearly $15 billion in XRP, accounting for nearly half of the total value of XRP. According to Ardoino, hackers attempted to use an XRP Ledger network feature to move a large amount of XRP. However, the attempt failed, with the actual transaction amounting to only a few cents in XRP. The hacker’s inability to carry out the

Celsius Network Shifts Ethereum Worth Over $125 Million Ahead of Debts Payment

January 16, 2024 1 min read

With its recent approval from a New York Court to repay a staggering $2 billion in debts, Celsius Network has taken center stage in the ever-changing crypto landscape. This action sparked a wave of asset transfers, attracting the attention and speculation of the crypto community. With the court’s approval, Celsius Network is preparing to repay its debts by returning around $2 billion in Bitcoin, Ethereum, and shares in a crypto

A crypto whale buys 4,677 Ethereum valued at around $11 million as ETH surpasses $2,500

January 11, 2024 1 min read

According to Lookonchain, a mysterious crypto whale made waves in the Ethereum market by executing a significant transaction, acquiring a whopping 4,677 Ethereum valued at around $11 million. What makes this acquisition so intriguing is the whale’s bold bullish stance on Ethereum’s future, combined with a seemingly bearish sentiment towards Bitcoin, as analyzed by Lookonchain. The whale’s unconventional strategy involved exchanging 241 wrapped Bitcoins (WBTC) borrowed from Aave for a

This analyst says Ethereum will hit $3,500 soon as ETH breaks above $2,600

January 11, 2024 2 mins read

Ethereum, the second-largest crypto by market capitalization, is in for an exciting ride as it shows signs of a bullish breakout. Positive indicators, according to World Of Charts analysts and crypto trader Skew, could propel Ethereum’s value to new heights. World Of Charts has identified a bullish pennant pattern in Ethereum’s recent performance, indicating that its upward trend may continue. This technical pattern frequently indicates that Ethereum is preparing for

Ethereum Rallies on Ether ETF Anticipation Amid Bitcoin ETF Expectations

January 10, 2024 1 min read

In a dramatic shift in the crypto market, Ether and Ethereum-based tokens saw a significant increase in value, fueled by traders’ anticipation of a potential Ether ETF following the expected approval of a Bitcoin ETF in the US. While the price of Ether surpassed $2,400, Bitcoin suffered a temporary setback as a result of deceptive tweets from the hacked SEC’s X account. A prominent financial institution, BlackRock, has filed an

Bitcoin Traders Lose Over $180 Million in 48 Hours Amid Price Fluctuations and Fake SEC Tweet

January 10, 2024 1 min read

While the crypto community awaits the decision on a Bitcoin Spot ETF, Bitcoin traders are caught in a whirlwind of uncertainty, resulting in losses exceeding $180 million in a matter of 48 hours. This wild ride is characterized by rapid price fluctuations and the impact of a deceptive tweet, shedding light on the market’s susceptibility to manipulation. On December 9th, a phony tweet from the SEC’s X account announced the

Bitcoin’s Price Surge Leads to $100M Loss for Short Traders Amid Anticipation of U.S. ETF Approval

January 9, 2024 1 min read

Bitcoin’s recent price surge, which saw it surpass $47,000 for the first time since March 2022, resulted in significant losses exceeding $100 million for traders who had taken short positions, betting against the crypto’s rise. This loss comes as the market waits for the approval of a Bitcoin Exchange-Traded Fund (ETF) in the United States. Users on exchanges such as OKX and Binance suffered significant losses. Bitcoin’s price increase coincides

Over $550 billion could flow into crypto market, says analyst

January 9, 2024 1 min read

Scott Melker, a crypto analyst, has highlighted a significant influx into Bitcoin following the approval of a BTC Spot Exchange-Traded Fund (ETF). Melker projected $550 billion in Bitcoin ETF investment in a social media post on X (formerly Twitter), representing only 0.5% of total assets managed by Registered Investment Advisors (RIAs). Melker stated that RIAs currently manage assets worth $114 trillion, and Bitcoin’s total market capitalization is $860 billion. According

Over $150 Million Poured Into Crypto Funds In 2024

January 9, 2024 1 min read

According to a recent CoinShares report, the first week of 2024 witnessed a significant milestone in crypto investments, with a notable influx of $151 million into investment products in this sector. The significance of this over $150 million increase in inflows was highlighted by James Butterfill, Head of Research at CoinShares, especially in light of Grayscale’s ongoing legal battle with the US Securities and Exchange Commission (SEC). Since the case’s

Solana Co-Founder Talks About Ethereum’s Risks, Emphasizes Simplicity in Blockchain Language

January 8, 2024 1 min read

Anatoly Yakovenko, co-founder of Solana, recently discussed Ethereum’s challenges and shed light on Solana’s design principles. Here is a breakdown of Yakovenko’s key insights. Yakovenko expressed concern about Ethereum’s potential centralization issues. He emphasized the danger of specific parts of the network becoming overly dominant, posing a challenge to Ethereum’s decentralized goals. Yakovenko, on the other hand, emphasized an important aspect of Solana’s architecture: atomic composability. This feature allows for

Any US resident making crypto transactions exceeding $10,000 will soon have to report them to IRS

January 5, 2024 1 min read

A recent development in the crypto landscape is causing a stir among users and advocates alike. The Infrastructure Investment and Jobs Act, passed by the US Congress, introduces a reporting provision requiring individuals involved in crypto transactions exceeding $10,000 to report them to the Internal Revenue Service (IRS) within 15 days. While this move aims to enhance transparency, it brings about a series of challenges and uncertainties. The Infrastructure Investment

Over $1 Billion worth of crypto liquidated as Bitcoin drops below $41,500 yesterday

January 4, 2024 2 mins read

The crypto market is experiencing increased uncertainty as the US Securities and Exchange Commission (SEC) nears a decision on spot Bitcoin Exchange-Traded Funds (ETFs). While initial expectations were positive, recent expert analyses have added a note of caution. As the market speculated on the possible outcomes, Bitcoin’s value dropped 6.5% in minutes, falling from $44,400 to $41,500. This drop saw over $1 billion worth of crypto liquidated from the market.