Day: January 21, 2024

How To Buy, Sell And Trade Tokens On The Avalanche Network

boss

The Avalanche (AVAX) network has gained prominence as a leading blockchain platform, providing users with a robust infrastructure for token transactions. It is a Layer 1 blockchain protocol that provides a high-performance platform for decentralized applications (dApps) and smart contracts.  Avalanche strives to provide users with a fast, secure, and scalable ecosystem for token transactions. It is a blockchain platform that aims to address the blockchain trilemma of scalability, security, and decentralization, thanks to its unique Proof of Stake (PoS) mechanism. Avalanche is commonly regarded as a viable alternative to…

Trezor investigates phishing attack, 66k users vulnerable

Hardware wallet company Trezor released a statement on a recent security incident, saying an unauthorized entity accessed its third-party support ticket portal. According to a Trezor blog entry, about 66,000 users had their contact information leaked during the phishing attack. Per the hardware wallet manufacturer, the victims may include customers who have interacted with Trezor’s support team since the end of 2021.  Nonetheless, Trezor — launched in 2013 by Czech Republic-based tech firm Satoshi Labs — emphasized that no digital assets were compromised during the attack.  The startup promised to…

CFTC Charges Crypto Exchange Debiex With Fraud and Misappropriation for Running ‘Online Romance’ Scam

boss

The U.S. Commodity Futures Trading Commission (CFTC) says it is taking legal action against a “bogus” crypto exchange for allegedly defrauding investors using a pig-butchering scheme. Pig butchering is a type of romance scam that involves sending targeted victims unsolicited messages on social media, dating apps or through text messages to build relationships and gain trust before introducing a purported crypto investment opportunity. In a statement, the CFTC says it filed a civil enforcement action against Debiex, claiming that the platform misappropriated funds that the victims intended for digital asset…

How To Buy, Sell, And Trade Tokens On The Optimism Network

boss

Optimism (OP) is a Layer 2 network that solves Ethereum’s scalability issues, bringing low fees and faster transactions to users. Scalability and low gas fees have always been Ethereum’s major problems. This is because, amid the trilemma of crypto, where security, decentralization, and scalability are not equal, Ethereum chose more security than decentralization and more decentralization than scalability to focus on. This is the reason Ethereum has a lot of layer 2s to help solve the scalability difficulties.  Over the years, people have had to spend huge amounts of ETH…

Spot Bitcoin ETFs, TrueUSD, Coinbase vs. SEC

boss

This week, spot Bitcoin ETFs recorded impressive inflows as the digital currency continued to battle the bears at the $41,000 mark. Meanwhile, the crypto scene witnessed updates on the Coinbase vs. SEC case. First week of trading: spot Bitcoin ETFs This week marked the first trading week for the recently-approved spot Bitcoin exchange-traded funds. Most products saw massive inflows, with BlackRock’s IBIT recording $500 million and Fidelity’s FBTC seeing $421 million inflows, per a Jan. 16 report. The Grayscale Bitcoin Trust (GBTC), which already commanded investments before its pivot to…

XRP bulls target $1, new crypto project fast rising

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. XRP may fall below $0.53.  Rebel Satoshi presale ongoing Crypto is volatile following the approval of multiple spot Bitcoin ETFs. As it is, XRP is down, but supporters are targeting $1. Meanwhile, Rebel Satoshi (RBLZ) is being explored in the ongoing presale. XRP falling On Jan. 11, XRP rose to $0.61. However, a week later, it fell 8.2% to $0.56.  Despite the price drop, Ripple Labs released several reports…

Top cryptocurrencies to watch this week: XRP, DOGE, INJ

This week, our top cryptocurrencies — XRP (XRP), Dogecoin (DOGE) and Injective (INJ) — take center stage, on the heels of Bitcoin’s (BTC) slump and the global crypto market cap losing about $100 billion due to price upswings and dumps. Bitcoin reached a two-year high of $49,000 on Jan. 11, when bitcoin ETFs began trading in the U.S. Since then. the asset plummeted and is now trading at $41,807.60, up by just .34% on Sunday, Jan. 21. XRP battles $0.55 The latest market collapse impacted most mainstream assets, and XRP…

Is Tron Toast? Network Activity Crumbles As Crypto Cools Off

boss

The Q4 report from Tron reveals a significant contrast between its thriving DeFi sector and subdued core network activity. Despite a remarkable 41% increase in Total Value Locked (TVL) in Tron’s DeFi space, securing the second position after Ethereum, the network experienced a slowdown in user growth. At the time of writing, TRX was trading at $0.1108 up 0.9% in the last 24 hours, and tallying a 3.6% increase in the last seven days, data from Coingecko shows. Tron User Engagement Stalls Amid Market Upturn In contrast to the broader…

Bitcoin (BTC) to copy the S&P 500 bull run, analyst predicts

boss

Kevin Svenson, a prominent cryptocurrency analyst and trader, has made a compelling prediction regarding the potential trajectory of Bitcoin (BTC) in relation to the S&P 500. Bitcoin’s potential surge to a new all-time high In his YouTube video entitled “BITCOIN WILL FOLLOW S&P 500 INTO ALL TIME HIGHS,” Svenson discusses the possibility of Bitcoin reaching new all-time highs, drawing parallels to the performance of the S&P 500, stating that the S&P has consistently led Bitcoin in all-time high breaks, and this is promising as Bitcoin is still below 40%  it’s…

How To Buy Sell and Trade Tokens On The Arbitrum Network

boss

The Arbitrum (ARB) network is a Layer 2 scaling solution for Ethereum that aims to address the scalability and high transaction fees. It is developed by Offchain Labs and utilizes a technology called Optimistic Rollups to achieve its objectives. Optimistic Rollups work by processing most transactions off-chain and then periodically submitting a summary of those transactions to the Ethereum mainnet. This approach reduces the transaction costs significantly and increases the throughput of the network while maintaining the security guarantees of the Ethereum mainnet.   In other words, the optimistic rollup feature…