Category: Cryptocurrency

Bitcoin User Alleges Hack Linked to Erroneous 83.65 BTC Fee Incident

November 27, 2023 Caden

The crypto community was initially baffled by the massive fee of 83.65 BTC , originally attributed to a costly mistake. However, recent revelations paint a darker picture. According to a social media account on X called “@83_5BTC,” hackers stole the funds from the unnamed individual and immediately swept the bitcoin to a different wallet. Alleged…

Antpool, Bitcoin (BTC), BTC fee, Crypto, Cryptocurrency, Hack, News, stolen BTC, transfer cost

Kyber Network Confirms Security Incident in Which $47 Million Was Stolen

November 25, 2023 Caden

Kyber Network said on Nov. 22 that Kyberswap Elastic “experienced a security incident” in which crypto assets worth more than $45 million were stolen. Kyber Network said it was investigating the incident and urged all “users to promptly withdraw their funds.” Kyber Forks Affected by the Incident Kyber Network, the decentralized exchange (DEX) aggregator, confirmed…

Crypto, Cryptocurrency, decentralized exchange, DEX aggregator, Kyber Network, Phishing, Security

Bitcoin Technical Analysis: BTC Holds Steady After Binance Settlement and Fed Minutes

November 22, 2023 Caden

The price of bitcoin is coasting along under the $37K range following the recent settlement between the U.S. Department of Justice (DOJ) and Binance. At the same time, the U.S. Federal Reserve’s minutes were released on Tuesday showing no signs of any possible rate cuts or monetary easing. Fed officials stressed at their most recent…

Bitcoin (BTC), Bitcoin Price, Bitcoin Technical Analysis, Crypto, Cryptocurrency, Markets and Prices

With 93% of Bitcoin’s Supply Mined, Network’s Hashrate and Difficulty Surge in Synchrony

November 19, 2023 Caden

On Sunday, November 19, 2023, Bitcoin’s hashrate maintained a steady pace at 468 exahash per second (EH/s), surpassing the intended ten-minute block interval average. The most recent block was processed in just 7 minutes and 37 seconds. Present observations suggest that if this trend in block intervals persists, the network could anticipate a 3% increase…

Bitcoin (BTC), bitcoin difficulty, Bitcoin Miners, BTC Mining, Crypto, Cryptocurrency, Halving, Mining

Singapore Announces Global Tokenization Initiative in Partnership With BNY Mellon, DBS, JPMorgan, and MUFG

November 17, 2023 Caden

The Monetary Authority of Singapore (MAS) has announced a global tokenization initiative that seeks to allow tokenized assets to be exchanged by different financial institutions across borders. The initiative, touted by MAS officials as the evolution of Project Guardian, a series of tokenization pilots carried by the institution, has the support of banking powerhouses like…

Crypto, Cryptocurrency, MAS, News, Singapore, tokenization

XRP Technical Analysis: Market Navigates Rumor-Induced Volatility

November 14, 2023 Caden

In the wake of recent market rumors about Blackrock’s involvement with XRP , the cryptocurrency’s price experienced significant volatility. Today, XRP stands at $0.654, reflecting a dynamic interplay of market forces and investor sentiment. XRP ’s Price Rollercoaster: Blackrock Rumors Stir Market Waves The 24-hour trading window saw XRP& #x2019;s price fluctuate between $0.643 and…

Blackrock, Crypto, Cryptocurrency, Markets and Prices, Ripple XRP, XRP, XRP market, XRP price

US Regulator to Continue Going After Crypto Entities Despite Court Setbacks — Expert

November 9, 2023 Caden

The U.S. Securities and Exchange Commission is unlikely to issue clear guidelines on the application of the law against the crypto industry before its case against Ripple is finalized, an industry expert has said. The U.S. securities regulator only needs to provide “additional facts” to prove that secondary sales of crypto assets are illegal. Industry…

Coinbase, Crypto, crypto exchanges, crypto industry, Cryptocurrency, Interview, Ripple, US Securities and Exchange Commission

Bitcoin Technical Analysis: Steady Above $35K as Indicators Signal Growth Potential

November 6, 2023 Caden

Bitcoin’s stability appears to be holding as the price consolidates around $35,140, showing a modest 24-hour trading range. Despite recent fluctuations, market sentiment remains cautiously optimistic, with key technical indicators providing a mixed but generally favorable perspective. The neutral readings on the RSI and Stochastic oscillators, alongside bullish signals from moving averages, suggest a potential…

Analysis, Bitcoin, Bitcoin (BTC), BTC, BTC Price, Crypto, Cryptocurrency, Markets and Prices

Study: Stablecoin Activity the Highest in Q3 of 2023 With Approximately 400K Daily Active Addresses

November 4, 2023 Caden

By the end of Q3 2023, activity in the stablecoin category as measured by the number of daily active addresses (DAA) stood at over 400,000 — the highest in any category. In the decentralized finance (defi) category — the next highest-ranked category — the number of DAAs at the end of Q3 was just over…

Blockchain, Crypto, Cryptocurrency, daily active addresses, decentralized finance, Featured, Stablecoins, Web3

An In-Depth Analysis of 7 Advanced Bitcoin Miners From Bitmain, Canaan, and Microbt

October 27, 2023 Caden

Recently, the top three bitcoin mining rig manufacturers unveiled a group of next-generation products with efficiency ratings of less than 20 joules per terahash (J/T) and powerful hashrates. In total, Bitmain, Canaan, and Microbt released seven new devices. The following provides a look at the machines’ current profitability using prevailing BTC exchange rates. A Look…

Bitcoin (BTC), Bitcoin mining, Bitmain, Canaan, Crypto, Cryptocurrency, Microbt, Mining