Polygon (MATIC) has recently experienced a decline following Bitcoin’s pullback. However, according to a crypto analyst, this unexpected move may actually set MATIC up for a potential upward trend. In a video analysis shared on the Cheeky Crypto YouTube Channel, analyst JB suggests that MATIC’s decline to a specific retracement area could indicate a favorable
The cryptocurrency industry has experienced a significant downturn in hack volumes in 2023, according to a comprehensive research conducted by TRM Labs. This study reveals a more than 50% reduction in hack volumes compared to the previous year, resulting in a total value stolen of $1.7 billion, a substantial decrease from the nearly $4 billion
As the cryptocurrency market prepares for the year 2024, Stu Alderoty, the chief legal officer of Ripple, a blockchain payment company, has shared his projections on upcoming crypto regulations. These forecasts have the potential to impact investors’ confidence as they anticipate the start of a new bull cycle in the crypto market. In this article,
The cryptocurrency market continues to gain traction in the financial world, and this season seems to be all about cryptocurrency exchange-traded funds (ETFs). Traditional finance companies are eagerly seeking regulatory approval to introduce more ETFs to the market. One such company that has thrown its hat in the ring is First Trust, an asset management
Bitcoin, the world’s largest cryptocurrency, has been on a remarkable bullish run in recent years, with its price doubling in 2023 alone. But according to Bitwise, a crypto index fund manager, this surge is far from over. In a recently released report, Bitwise predicts that Bitcoin will reach $80,000 in 2024, surpassing its current all-time
In an effort to address concerns raised by pro-Bitcoin Senator Cynthia Lummis and Rep. French Hill, Tether, the company behind the largest stablecoin, has released two letters sent to the US Senate Committee on Banking, Housing, and Urban Affairs and House Financial Services Committee. These letters aim to shed light on the allegations regarding the
The price movement of OSMO, the native token of Osmosis, has been characterized by significant volatility throughout this year. However, recent developments suggest that OSMO is undergoing a strong recovery phase after months of a largely bearish trend. Traders have at their disposal a wide range of technical indicators that provide a complex yet informative
Bitcoin, the world’s most popular cryptocurrency, has experienced a recent loss in momentum, with its price falling to around $42,000. This downward trend has also affected other altcoins, such as SOL and ADA, which have seen significant declines. However, amidst this red sea, one altcoin has stood out with an astonishing 40% surge – ICP.
Arbitrum (ARB), a prominent Ethereum scaling solution, recently experienced a significant downtime event on December 15. This incident caused the network to become inaccessible for over 60 minutes due to sequencer and feed issues. The root cause of the problem was promptly investigated, and a fix was deployed. However, the downtime raised concerns among users
According to Sandy Kaul, the Head of Digital Asset & Investor Advisory Services at Franklin Templeton, developing countries are increasingly adopting Bitcoin (BTC) as a means to compete with larger economies on a “more equal playing field.” During a recent interview on the Coin Stories podcast, Kaul discussed the future of Bitcoin adoption, highlighting its
The U.S. Securities and Exchange Commission (SEC) has recently denied a petition from the popular cryptocurrency exchange Coinbase. The denial comes after Coinbase’s request for the development of new rules regarding digital asset securities through the SEC’s formal rulemaking process. This decision marks the end of nearly 18 months of ongoing discussions between Coinbase and
After years of consistently denying approval for a spot Bitcoin ETF for American investors, there are signs that SEC chair Gary Gensler might be reconsidering his position. Although he has not explicitly acknowledged any change in stance, he admitted to taking a fresh look at the approval process following recent court rulings. Gensler stated during
BRC-20 token Ordinals (ORDI) has experienced an explosive surge of 32%, breaking out of consolidation. This growth is part of a wider rally for BRC-20 tokens, which has been triggered by recent Binance listings. The momentum from these listings has propelled the market capitalizations of various BRC-20 tokens, including $SATS (+39%), $ORDI (+12%), $TRAC (+17%),
In a groundbreaking partnership, Patientory Inc. has joined forces with the Environmental Social Governance (ESG) Initiative’s Wharton Impact Venture Associates (WIVA) students to revolutionize the healthcare industry through blockchain technology. This capital raise agreement grants the students the opportunity to invest in Patientory, a healthcare blockchain company, at a future date. With a focus on
Bitcoin, the world’s leading cryptocurrency, experienced a turbulent journey recently. The catalyst for this wild ride was the vulnerability issues reported by the major wallet company, Ledger. However, after the initial storm, Bitcoin seems to have calmed down, currently sitting just below the $43,000 mark. While most altcoins have witnessed minor gains or losses, one
The Securities and Exchange Commission (SEC) is set to implement new disclosure requirements for material cybersecurity incidents that will impact publicly listed crypto companies in the United States. These rules aim to provide investors with timely and consistent information about the risks associated with cybersecurity. While the comment period allowed for modifications to address compliance
Cardano (ADA) has experienced a notable surge in its price, surpassing the crucial resistance level of $0.60. This positive price action has generated optimism among investors, as it suggests the potential for further gains in the foreseeable future. However, a careful evaluation of the factors influencing ADA’s price trajectory is essential in order to make
Moonlit Games, a renowned game development company, is taking the world of gaming by storm with its latest venture, a collaboration with Merit Circle’s Avalanche subnet, Beam. This unprecedented partnership aims to redefine the gaming experience in the blockchain domain, revolutionizing the way players engage with their favorite games. “Rogue Nation,” an action-packed RPG, will
As the final months of the year approach, the anticipation surrounding the approval of spot Bitcoin exchange-traded funds (ETFs) by the US Securities and Exchange Commission (SEC) has generated considerable excitement among analysts and traders. While many stake their hopes on these index funds to fuel a significant price surge for Bitcoin and the broader
Ledger, a leading provider of hardware wallets for digital assets, has recently issued a cautionary message to its users. The company’s well-known ‘Ledger dApp Connect Kit’ has fallen victim to a supply chain attack, resulting in the theft of an estimated $484,000. A malicious version of the Connect Kit, containing a wallet drainer embedded in
The massive unlock of $195 million worth of Aptos tokens has sent shockwaves through the market, leading to a decline in APT price. This has left some investors wondering if APT is on the brink of becoming worthless. Alongside this development, a decrease in developer activity is further dampening APT’s performance. Despite these challenges, Aptos
Critics who claim that inscriptions, particularly BRC-20 tokens, are a denial of service attack on regular Bitcoin transfers are misguided. On-chain analysis conducted by Glassnode suggests that the majority of Bitcoin block space is still dedicated to normal monetary transactions, with inscriptions simply occupying any remaining space. James Check, the lead Glassnode analyst, argues that
Coinbase, one of the leading cryptocurrency exchanges, made headlines recently with its decision to include Bonk (BONK), a Solana network token, in its list of tradable assets. This move comes at a time when Coinbase is actively involved in institutional activities, such as the highly anticipated Bitcoin ETF custody with BlackRock. The inclusion of Bonk
The Financial Accounting Standards Board (FASB) has recently made a groundbreaking decision, officially adopting new accounting rules for Bitcoin. This significant shift in the financial landscape for corporations introduces fair value accounting for Bitcoin, aligning its treatment with other financial assets. Effective for fiscal years beginning after December 15, 2024, this change marks a crucial
Approval phishing, a deceitful tactic targeting crypto users, has been gaining prominence in recent years. Originally, this scam method involved distributing fraudulent crypto apps to victims. However, romance fraudsters, also known as pig butchering scammers, have now adopted and integrated approval phishing into their strategies. Chainalysis, a blockchain analysis firm, has identified a deliberate form
Recent reports have confirmed that the United States Securities and Exchange Commission (SEC) has introduced a “new regulatory standard” for all applicants of Bitcoin Spot Exchange-Traded Funds (ETFs) while awaiting approval from the regulatory body. This latest development, dubbed the “Cash Redemption Model,” is seen as a significant shift in the SEC’s approach to approving
The world of cryptocurrency continues to evolve rapidly, with new trends and opportunities emerging at a staggering pace. One such trend is the rise of spin-off tokens, which are gaining significant attention from both retail and institutional investors. These tokens, often associated with decentralized exchanges (DEX), have captured the imagination of traders looking for high-risk,