The price of Bitcoin has once again found itself in a choppy market, dashing any hopes of a swift breakthrough to new all-time highs. Despite this setback, recent on-chain data suggests that the current bull cycle may still have room to run, albeit at a slower pace. Let’s delve into the implications of Bitcoin’s recent
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The cryptocurrency sector faced significant challenges in May, with losses totaling $42.6 million due to various security breaches. The largest chunk of these losses, approximately $20.7 million, was attributed to flash loan attacks. Sonne Finance bore the brunt of these attacks, losing a staggering $20 million, while TLN Protocol suffered losses amounting to $746,000. Additionally,
The story of how two cybersecurity researchers helped an anonymous crypto user recover 43.6 bitcoins he lost 11 years ago is nothing short of remarkable. The user, known only as Michael, had lost access to the wallet holding his assets, which were worth around $5,300 at the time. However, thanks to the efforts of researcher
The recent failure to break above the $72,983 resistance level has caused the price of Bitcoin to drop significantly. Despite still trading above the 1-day Simple Moving Average (SMA), the rejection has led to a decline from $71,942 to $66,785 and a move below the SMA in both the 1-hour and 4-hour charts. This drop
Mastercard recently introduced its Mastercard Crypto Credential, a groundbreaking development that has paved the way for the first-ever peer-to-peer (p2p) pilot transactions aimed at streamlining and securing blockchain transfers. This new feature allows users on popular exchanges like Bit2Me, Lirium, and Mercado Bitcoin to send and receive cryptocurrency using user-friendly aliases instead of complex blockchain
In the midst of the broader market recovery, the XRP Ledger (XRPL) experienced a surge in network activity across various metrics. According to a recent report by Messari, active addresses and transactions on XRPL saw a significant increase. Active addresses rose by 37% quarter-over-quarter (QoQ), while transactions increased by a whopping 113% QoQ. This surge
The recent hack on the Japanese cryptocurrency trading platform, DMM Bitcoin, resulted in a significant loss of Bitcoin amounting to around $305 million. The exchange confirmed the attack and disclosed that 4,502.9 bitcoins were stolen from their systems. Despite stating that they are investigating the breach and implementing measures to prevent such incidents in the
Recent trends in the crypto market have shown a significant increase in investor confidence, particularly towards Bitcoin. Despite some fluctuations in its price, large-scale investors have been accumulating BTC, indicating a positive sentiment towards the premier cryptocurrency. According to prominent crypto analyst Ali Martinez, there has been a noticeable movement of Bitcoin out of centralized
With the recent approval of the Ethereum Spot ETFs by the US Securities and Exchange Commission (SEC), the landscape of the crypto market is set to change. Several prospective issuers have already filed amended versions of their S-1 forms in response to the commission’s directive. This move signifies a significant step towards the launch of
President Joe Biden recently vetoed H.J. Res. 109, a move that stirred controversy within the financial and political spheres. The resolution aimed to overturn the SEC’s SAB 121 rule, which has been a subject of heated debate. Biden defended his veto by stating that SAB 121 represents the technical views of SEC staff and plays