Day: September 21, 2023

Polygon Comeback Challenges – What’s Holding It Back?

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Polygon (MATIC) enthusiasts remain undeterred as they continue to push the price of the digital asset higher despite a prevailing bearish market structure, While the higher timeframe structure paints a bearish picture, buyers have been steadily driving prices upwards.  At the time of writing, MATIC is priced at $0.541671 on CoinGecko, marking a 2% gain in the past 24 hours and a noteworthy 4.5% increase over the course of a week. Derivatives Market Wary Despite MATIC’s Resilience Market participants in the derivatives sector have, however, approached MATIC’s recent bullish moves…

Celsius users targeted by phishing as restructuring nears

Bad actors have flooded X, impersonating the bankruptcy claim agent for Celsius to scam claimants. Celsius users are targeted by a potential phishing email attack as the final court approval of its restructuring plan is anticipated on Oct. 2. Several users reported on X they had received phishing emails pretending to be from Stretto, the Claims Agent for the Celsius bankruptcy proceeding. A phishing email pretending to be sent by Stretto to Celsius claimants | Source: BleepingComputer One of the phishing emails shared with BleepingComputer was offering a creditor a…

Layer 2 Blockchain Optimism Sells 116M OP Tokens to 7 Large Buyers

The foundation also issued its third community airdrop earlier this week, with over 31,000 users receiving a share of 19.4 million tokens. Circulating supply, however, remains relatively low compared to the total supply with a further 570 million tokens being allocated to future airdrops. OP’s circulating supply is 18.59% of its total supply, according to CoinMarketCap. Source

Phishing victim sends eye-watering $4.5M in USDT to scammer

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An unwitting cryptocurrency holder has reportedly fallen victim to an eye-watering $4.46-million phishing scam. According to data from Etherscan, $4.46 million in Tether (USDT) was withdrawn from a Kraken crypto exchange wallet and eventually sent to an address ending in “ACa7.” Blockchain security firm PeckShield has labeled the address as being owned by a phishing scammer. #PeckShieldAlert The address 0x2175…f7D9 got scammed for 4.46M $USDT Victim’s address: 0x2175c0082d052872501f7fe54e1aC59858aaf7D9Scammer’s address: 0xAbb07822F471773Ff00b9444308ceEB7cf0dACa7 pic.twitter.com/Ny9CIrkBxw — PeckShieldAlert (@PeckShieldAlert) September 21, 2023 Another blockchain scam platform, Scam Sniffer, suggested on Sept. 20 that the funds were…

Optimism to sell $160M in OP tokens to 7 purchasers via private sale

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Ethereum layer-2 scaling solution Optimism (OP) has disclosed plans to sell 116 million OP tokens to seven private buyers for treasury management purposes At current prices, the sale will see $159 million worth of OP tokens change hands. Starting today, there will be several transactions totaling approximately 116M OP tokens. We’re sharing as a heads up to our community that these are planned transactions. — Optimism (✨_✨) (@optimismFND) September 20, 2023 While some observers feared the sale would bring about depressed prices from Optimism “dumping” its tokens on the market,…

Bybit adds PayPal USD stablecoin, PYUSD, to its platform

Bybit, a Dubai-based cryptocurrency exchange, has announced the listing of PayPal USD stablecoin, PYUSD. PYUSD is a stablecoin issued by Paxos, a New York-based regulated financial company. The listing of PYUSD marks a significant collaboration between Bybit and PayPal, two leading players in the traditional and crypto payment sectors. By integrating PYUSD into its platform, Bybit aims to provide its users with a diverse and trusted trading experience. Ben Zhou, co-founder and CEO of Bybit, said the listing of PYUSD reaffirms Bybit’s commitment to offering its users more choices and…

DOT Price (Polkadot) Hints At Potential Recovery, Here’s What Could Propel It To $4.8

Polkadot’s DOT is recovering higher from the $3.92 support against the US Dollar. The price could gain pace if it clears the $4.20 and $4.35 resistance levels. DOT is slowly moving higher above the $4.05 resistance zone against the US Dollar. The price is trading just above the $4.15 zone and the 100 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $4.175 on the 4-hour chart of the DOT/USD pair (data source from Kraken). The pair could gain bullish momentum if there…