Day: December 2, 2023

KyberSwap announces treasury grants for hack victims

boss

KyberSwap intends to provide financial assistance to users affected by a significant exploit on Nov. 22, which led to a $48.8 million loss for the decentralized finance protocol. To address this, KyberSwap is establishing a grant initiative from its treasury to offer compensation to those adversely affected by the event. The grant is designed to ease the financial burden on affected individuals and will equal the USD equivalent of the assets lost in the security breach. This move highlights KyberSwap’s dedication to its user community and platform security. Although the…

Bitcoin A Tad Closer To $40,000

boss

Maintaining its lofty position—the highest it has reached in the last 18 months—Bitcoin is once again on the edge of a potential price increase. With a notable 10% gain over the previous month and more than a doubling of its value over the same period last year, the markets valued Bitcoin (BTC) at over $38,600 on Friday morning. The alpha coin’s supporters credit its strong success thus far to the excitement around spot Bitcoin ETFs, like the one put up by BlackRock, which might be approved at any time. During…

SEC faces sanctions threat as Judge questions DEBT Box case accuracy

boss

United States District Judge Robert Shelby has cautioned the Securities and Exchange Commission (SEC) lawyers, hinting at possible sanctions due to purportedly deceptive statements in a legal action against Digital Licensing Inc., also recognized as DEBT Box, a crypto company. Lodged in the federal court of Utah, the SEC’s legal action alleged that DEBT Box deceived investors by around $50 million via the vending of unregistered securities known as “node licenses.” Judge Shelby’s decision revealed notable discrepancies in the SEC’s case. Initially, the SEC, led by attorney Michael Welsh, had…

Whales move over 5,500 BTC as the price falls below $38k

Two major Bitcoin (BTC) whales have moved over 5,500 coins as the asset falls below the $38,000 mark.  According to data provided by Whale Alert, an unknown Bitcoin whale moved 3,000 coins from an old address to a new wallet at around 20:00 UTC on Nov. 29. Usually, this kind of movement is expected when the user doesn’t feel safe about the old wallet provider.  Another whale, however, moved a total of 2,547 BTC from a self-custodial wallet to the Coinbase crypto exchange, per Whale Alert. The movements come as…

NEO’s GAS surges 182%: exploring possible drivers

Markets are swinging higher driven by fundamental factors. Recent rallies, especially in Solana (SOL), have triggered a resurgence in layer-1 networks. Legacy blockchains like NEO’s GAS surged by 182% last month. Can GAS outperform new projects like Galaxy Fox (GFOX)? NEO’s GAS surges 182% Neo is a blockchain network launched in 2016 as a scalability-focused alternative to Ethereum, sometimes called the “Chinese Ethereum.” GAS fuels transactions on Neo blockchain and also provides governance rewards for participants. Despite skepticism towards Neo rivaling struggling predecessor EOS, GAS has recently seen a notable…

Coinbase (COIN) Up By 250%

boss

The shares of Coinbase Global (COIN) have been on a tear in recent weeks, emphasizing its positive performance in 2023. While the recent resurgence experienced by the exchange’s shares coincides with the climate shift in the general cryptocurrency market, the latest price data reveals that COIN might actually be doing better than the market leaders, Bitcoin and Ethereum, since the turn of the year. Here’s Why Coinbase (COIN) Is Up By 250% In 2023 A recent report by crypto intelligence platform IntoTheBlock has revealed that COIN is amongst the crypto-related…

A new government report claims most Canadians regret investing in crypto assets

In 2023, the number of cryptocurrency owners in Canada decreased slightly, but the average holdings increased significantly. According to a report from the Ontario Securities Commission (OSC), 77% of respondents regret investing in crypto assets. While the number of Canadians able to provide a basic definition of cryptocurrency has grown from 51% in 2022 to 54% in 2023, only 34% of them now believe cryptocurrency “will play a key role in the future,” compared to 49% in 2022. However, despite the pessimism, 39% of respondents said their crypto portfolio was…

BTC, ETH, NuggetRush are on investors’ watch list

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Bitcoin price is set for a significant increase as halving approaches and approval for spot BTC ETF nears. Ethereum remains green on the chart, rising 13% in the past month. NuggetRush presale surges as investors clear out round 2, seeking better investment returns. Investors are constantly seeking to diversify their portfolios to amass profits. Tokens on most-watched cryptocurrency lists offer different opportunities, some better for the short term and others…

Crypto analysts share predictions for new ETH ATH, ADA, and how AI integration will affect this new token

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Traders are becoming excited as the Bitcoin (BTC) market has gathered bullish momentum again. The bullish trend has helped Ethereum (ETH), which has recovered the $2,000 level.  A leading analyst has predicted when ETH will establish a new all-time high, and the latest increase has been greeted with optimism. For Cardano (ADA), a possible breakthrough has been anticipated in the upcoming days. Meanwhile, Everlodge has remained at the forefront…

Analyst ‘holding breath’ for Cardano’s next move

In a video uploaded on Dec. 1st, 2023, the analyst behind the popular LuckSide Crypto channel shared his thoughts on the current state of the Cardano cryptocurrency. While maintaining an overall bullish outlook, he expressed some reservations about its near-term price action. I do have to say that right here, when it comes to ADA, I am holding my breath just a little bit, just a little bit. The analyst pointed out that while the crypto market as a whole has entered a “new era of bullishness” and remains in…