Day: December 25, 2023

Last Christmas’ $100 in Bitcoin and Ethereum is now significantly higher

boss

If you decided to invest $100 in each BTC and ETH last Christmas, how much would they be worth today? As the market is seemingly out of a prolonged crypto winter that began in early 2022, on Christmas day, we’re witnessing a significant contrast in the value of major cryptocurrencies, notably Bitcoin (BTC) and Ethereum (ETH), compared to the previous year’s values. If an investor had the foresight to invest or gift someone $100 worth in Bitcoin and Ethereum last Christmas, they would be reaping some handsome profits. Let’s delve…

Major crypto hacks of 2023

Explore the biggest crypto hacks of 2023 in our comprehensive review, including the roles of notorious hacking groups and their impact on the crypto industry. Cryptocurrency hacks in 2023 have seen the industry lose over $1 billion, with the largest hacks occurring in the final quarters of the year. The recent bull market has marked the end of a prolonged crypto winter that started in 2022, driven by the Terra LUNA crash and the FTX collapse. However, this has also renewed hackers’ interest in the market, with more malicious threats…

Shiba Inu Burn Rate Soars By 5,000%, Here’s Why

boss

The Shiba Inu burn initiative begins the week with a positive sentiment as the project has witnessed a significant increase in its token burn rate over the last 24 hours. Shiba Inu Burn Rate Sees Notable Uptick On Monday, December 25, over a 5,000% increase in the last 24 hours has been observed in the Shiba Inu burn rate. According to data from Shibburn – the platform that tracks SHIB token burns, the burn rate recorded a substantial 5,043% increase. The tracker reveals that over 53.13 million SHIB tokens have…

Brewing Bull Run Or False Dawn?

boss

The Shiba Inu faithful have reason to wag their tails. Over the past few days, the meme coin has witnessed a surge in buying pressure, hinting at a potential bull run. But should investors unleash their inner Doge and start digging for bones, or is this just a fleeting frenzy? Further fueling the fire is the unwavering loyalty of the “shrimp and fish,” small-time investors steadily accumulating SHIB. Their growing numbers are reflected in the rising number of addresses holding modest amounts of the coin. But a closer look reveals…

OKX CEO named main principles for crypto listing

CEO of the OKX cryptocurrency exchange, Jay Hao, named five basic principles for listing cryptocurrencies on the platform. Jay Hao posted on his X account that many friends are urging him to stake more BRC-20 tokens. However, he explained why this strategy is not suitable for OKX. A lot of friends urging me list more brc-20 tokens. Thanks for these kindly suggestions. I want to clarify, as an exchange if we use the simplest strategy that is just list all tokens, I believe it may help exchange make more quick…

Lessons from 2023: the FTX trial and crisis management for crypto projects

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Few events have stirred as much attention as the Sam Bankman-Fried trial. As allegations of fraud and money laundering surface within FTX’s affiliated Alameda Research, the crypto community is reminded of the need for robust crisis management. Crypto projects operate in a perfect storm of volatility, regulation, hacks, and technical complexity. Any misstep can snowball into an existential crisis in an instant.  Crises in crypto aren’t limited…

Inflows into crypto resumed with $103m over the last week

Coinshares analysts published their following weekly report on financial flows in crypto products, according to which the influx of capital has resumed. According to a report published by the Head of Research at Coinshares, last week from Dec. 18 to 24, the inflow into crypto products amounted to $103 million. In geographical terms, the leaders in investment were Germany, Canada, and the USA, where the influx of money amounted to $41.6 million, $25.8 million, and $20.4 million, respectively. As before, a significant capital inflow came from Bitcoin (BTC), amounting to…

Why Did The XRP Price Surge To $0.64 Today?

boss

The XRP price is on a war path today and has already begun to rally. Interestingly, this rally is coming at a time when the rest of the crypto market is seeing a slowdown with spots of losses here and there. So what is driving the XRP price rally? Ripple Seeing Some Positive Upsides A lot of the positive sentiment that has triggered the XRP price rally can be traced back to its parent company, Ripple. Ripple which has had a rally outstanding year continues to seem more upside, especially…

XRP In December 2023: The Hope For $1

boss

XRP has been under a cold spell in December for years, with red charts and cold winds every year. Some buyers are still scared about the market because they remember the 66% drop in 2021. The sounds of 2018, a year with an amazing 800% rise, sound like a faraway Christmas carol. They remind the XRP community of a time when XRP believed in the magic of year-end wonders. Even though December charts used to be full of holiday cheer, XRP was stuck by the shadow of past trends, hoping…

The True Story Behind Michael Mann’s Ferrari

Michael Mann’s Ferrari, out Dec. 25, is unsparing in its portrayal of the double life led by the famed race car driver and automotive entrepreneur. As the biopic shows, Enzo Ferrari (Adam Driver) was married to Laura Garello (Penélope Cruz) for 54 years—until her death in 1978—but their marriage was far from a fairytale partnership. Set in 1957, as Ferrari is leading the motorsports industry, the movie traces how Enzo and Laura’s relationship deteriorates after the death of their 24-year-old son, Dino. The film also details Enzo’s affair with Lina…