Information Archive

Bitcoin Price Prediction as BTC Consolidates at $62,000, Making 99% of Addresses Profitable – What’s Next?

As Bitcoin (BTC/USD) hovers above the $62,000 mark, showing a 1.50% increase on Saturday, the cryptocurrency landscape is abuzz with anticipation. This pivotal moment makes 99% of Bitcoin addresses profitable, sparking a debate on the future trajectory of this digital asset. Analysts, including the renowned PlanB, suggest we are on the cusp of a bull …

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Trader Loses $70,000 In Seconds to Binance Hack, Details “Strange” Experience

On Thursday, a crypto trader lost $70,000 in mere seconds on the Binance crypto exchange to a hacker. In an X post, a trader going by the username “DoomXBT” posted a thread sharing his “strange” experience of getting hacked on Binance. Binance Hack Details The hacker performed multiple actions with the account, such as creating …

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Bitcoin Realized Capitalization Nears All-Time High Amid Market Surge

Bitcoin may now be closing in on $63k as the bulls goad it towards and beyond its former all-time high of $69k, but according to one metric, realized capitalization, the world’s biggest cryptocurrency has already closed in on a historic peak. Analysts at blockchain data company Glassnode stated on X yesterday that Bitcoin’s realized cap …

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Ether Draws Institutional Bullishness, Bitcoin Remains Retail Favorite: Bybit

Research from Bybit highlights a growing institutional bullishness on Ether, driven by the expected positive impact of the Dencun upgrade on the Ethereum blockchain. Dencun, slated for March 13, will introduce various Ethereum Improvement Proposals (EIPs) including proto-danksharding aimed at reducing Layer-2 transaction costs, per developers. “While the upcoming upgrade will not likely lead to …

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Hacker Behind 2023 KyberSwap Attack Moves $2.5 Million From Arbitrum to Ethereum

The hacker behind the November 2023 attack on decentralized exchange KyberSwap has been seen moving almost $2.5 million in crypto. In an X post published on February 26, blockchain analytics firm PeckShield noted that the hacker moved 798.8 Ether (worth ~$2.49 million) from Arbitrum to the Ethereum blockchain. #PeckShieldAlert #KyberSwap Exploiter-labeled address bridged ~800 $ETH …

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News Commentary #1,976 – Rotor Finance First Thoughts

RotorFinance – new TRIAL list platform that was added on EN several days ago. Based on public stats they launched on February 3, 2024. At the moment it has been running for 23 days, monitored by EN for 5 days. Let’s check what this platform claims of itsef: The cryptocurrency market has reached unprecedented proportions …

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Alternative Ways for Coinbase Commerce to Support Native Bitcoin Payments

Coinbase recently announced that it would be removing support for native Bitcoin (BTC) payments across its payment platform for merchants, Coinbase Commerce. The company’s head of product, Lauren Dowling, stated on her X account on February 18 that “customers were struggling with operational challenges managing crypto volatility risk, manual burden of resolving incorrect payments (eg: …

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ECB’s Disparaging Comments on Bitcoin Draw the Ire of Crypto Community

On February 22, the European Central Bank (ECB) described Bitcoin as a ‘dead cat’ and criticized its use in criminal activities on the darknet. These remarks have ignited a backlash from the crypto community, questioning the ECB’s stance and credibility. Bitcoin Failed In Its Original Promise In Ulrich Bindseil’s and Jürgen Schaaf’s blog post, the …

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Bitcoin ETFs Return To Outflows Amid GBTC Sale Revival

Bitcoin ETFs had their first day of net negative outflows for the month of February on Wednesday– a possible sign that hype around the investment vehicles is starting to die down. According to data compiled from BitMEX Research, the Grayscale Bitcoin Trust (GBTC) suffered $199.3 million of outflows on Wednesday, marking its largest daily outflow …

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Data Signals Imminent Altcoin Season Amid Steady Bitcoin Dominance

Altcoins could rally off the back of Bitcoin Several analysts on microblogging platform X have recently highlighted different data points indicating that altcoin season (altseason) could soon be upon us. On February 15, trader/analyst Rekt Capital (@RektCapital) shared a projections chart to suggest that Bitcoin’s current dip could be part of a final “retrace” or …

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Bitcoin Whales Move $1 Billion Worth of Assets From Coinbase – What’s Going On?

The amount of Bitcoin (BTC) held on Coinbase has plummeted by almost $1 billion worth of assets as whales move their holdings. New data from on-chain analytics firm CryptoQuant shows a significant amount of assets moved off the cryptocurrency exchange with analysts suggesting many possibilities. Per the data, Bitcoin whales have earned over 18,000 BTC …

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Bitcoin Price Prediction as BTC Bounces From $50,000 Level – Is Another Sell-Off Coming?

In the wake of Bitcoin’s price dip to the $50,000 mark, the cryptocurrency community is keenly observing its recovery to $51,500, albeit with a near 1% decrease. Amidst this scenario, investors and analysts are scrutinizing the digital currency’s resilience and the broader implications of recent industry developments. These include notable incidents like the misappropriation of …

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Bitwise Chief Investment Officer Foresees Bitcoin Price Surpassing $80,000 Amid ETF Boom

The price of Bitcoin (BTC) is expected to soar beyond $80,000 this year thanks to the recent success of exchange-traded funds (ETFs), according to Bitwise Chief Investment Officer Matt Hougan. The approval of Bitcoin ETFs has shattered records and triggered an influx of funds into the cryptocurrency since mid-January. In a recent interview, Hougan highlighted …

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