Day: December 10, 2023

ETH Remains Steady At Over $2,300

Recent patterns indicate that the impetus fueling Ethereum’s climb is far from diminishing, and the price trajectory of the cryptocurrency has shown resilience. Ethereum may not be as advanced as some of its L1 competitors, but it stands out from the crowd thanks to its large developer community, immense acceptance, and crucial role in DeFi and other blockchain-based applications. Ethereum Remains Firm At $2,347 At the time of writing, ETH was able to keep a strong footing at the $2,300 level, trading at $2,347, nearly unchanged in the last 24…

Ethereums Future: Will Ethereum Recover?

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In this exploration, we tackle the critical question: Will Ethereum recover? We’ll look at Ethereums future and analyze ETH’s present market status, potential for resurgence, the anticipated impact of the progress on Ethereum 2.0, and share expert price predictions. Will Ethereum Recover? Analysis The question “Will Ethereum recover?” depends on numerous factors. As of November 2023, Ethereum has shown signs of rebounding from its 2022 lows, suggesting a potential bottoming out. Key developments like the transition to Proof-of-Stake and the introduction of EIP (Ethereum Improvement Proposal) 1559, launched all the…

Bitcoin inches closer to $45k, Litecoin and BorroeFinance may rally

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Bitcoin (BTC) is trending higher for the seventh week, approaching $45,000. At this pace, traders expect altcoins like Litecoin (LTC) and BorroeFinance (ROE) to extend gains.  Bitcoin rallying Bitcoin has been on an upward trend for the past seven weeks, surging from $27,000 in mid-October to over $41,000.  This increase has attracted novice and experienced investors. The bullish momentum is driven by high optimism, particularly due to ongoing discussions…

Top cryptos to watch this week: Jito, Solana and Avalanche

The global crypto market cap surged 7.9% this week, from $1.52 trillion to $1.64 trillion. While Bitcoin (BTC) largely catalyzed this impressive run with its push above $44,500, assets such as Jito (JTO), Solana (SOL) and Avalanche (AVAX) also made their unique contributions. Jito pushes for $5 on debut Jito, a liquid staking platform built atop the Solana blockchain, released its governance token JTO this week. JTO’s earliest trading price was $2.04 on Dec. 7, per data from CoinMarketCap. JTO price – Dec. 10 | Source: CoinMarketCap The token immediately…

TRON TVL up 91.6%, Pullix could rally after launch

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. CoinGecko data shows that TRON (TRX) is now the second-largest network by total value locked (TVL). Meanwhile, Pullix (PLX) is gaining traction as the first community-backed exchange to provide 24/7 access to markets, including crypto. TRON’s TVL up 91.6% in 2023 TRON is now the second-largest network by TVL, according to CoinGecko’s October 2023 report. The report indicates that TRON’s TVL grew from 12.3% ($4.1 billion) in January 2023…

Crypto Market Experts Predict When Cardano (ADA) Price Will Cross $7

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Cardano (ADA) has had one of the best price gains this year, up by 137% from its price point of $0.2464 at the beginning of the year. Various predictions have come in on ADA’s future price trajectory as investors begin to wonder if the altcoin can continue to lead market gains. Changelly’s long-term forecasts indicate that the value of ADA may continue to rise steadily, finally surpassing its all-time high in the years to come and reaching over $7 by the end of the decade. Cardano Price Predictions From Top…

AI deepfake nude services skyrocket in popularity: Research

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Social media analytics company Graphika has stated that the use of “AI undressing” is increasing. This practice involves utilizing generative artificial intelligence (AI) tools precisely adjusted to eliminate clothing from images provided by users. According to its report, Graphika measured the number of comments and posts on Reddit and X containing referral links to 34 websites and 52 Telegram channels providing synthetic NCII services, and it totaled 1,280 in 2022 compared to over 32,100 so far this year, representing a 2,408% increase in volume year-on-year. Synthetic NCII services refer to the…

Tether Launches New Security Policy, Freezes 41 Sanctioned Wallets

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Stablecoin issuing company Tether has announced a new security policy aimed at protecting the crypto ecosystem from bad actors. In addition, the USDT issuer is looking to enhance its cooperation and relationship with law enforcement agencies. Tether Freezes 41 New Wallets Following New Security Policy  In a blog post on December 9, Tether stated it would be introducing a voluntary wallet-freezing initiative designed to counter the transactions associated with Sanctioned Persons on the Office of Foreign Assets Control (OFAC) Specially Designated Nationals (SDN) List.  According to Tether, the company currently…

Shiba Inu and Meme Moguls

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Cryptos priced under $1 are often overlooked by the media. However, there are several options worth considering. Shiba Inu (SHIB) and Meme Moguls (MGLS) are two examples. Will Shiba Inu rise after heightened whale activity? Over the past month, SHIB rose by 20% before briefly retracing in December.  The token’s recovery coincides with an upsurge of large “whale” transactions. In December, over 11.9 trillion SHIB transfers were tracked between…

KyberSwap exploiter linked to $50M HXA token movement

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Blockchain security firm Cyvers detected a movement of $50 million in HXA tokens, the native utility token of the Herencia Artifex NFT project, linked to the KyberSwap exploiter.  The KyberSwap exploiter’s address got these tokens from an Ethereum address using the “transfer from function.” Decentralized application (DApp) users commonly use the “transfer from” function. It refers to a mechanism by which one party (sender) can transfer or send tokens from the balance of another party (owner) to a third-party address. However, improper use or vulnerabilities in implementing such functions can…