Month: January 2024

Biggest crypto market manipulations ever recorded

Explore the most significant proven market manipulations in crypto history to date. The crypto and defi space is full of innovation and opportunities but also of risks and challenges. One of the most serious problems plaguing the industry is market manipulation, which involves deliberately distorting prices and volumes. Market manipulation can take various forms and methods, such as wash trading, pump and dump, flash loan attacks, and rug pulls.  In this article, we will review some of the most notable cases in the crypto and defi space involving tokens such…

Over 2 Million Tokens Vanish, Valued At $636 Million

In a recent announcement by Binance, the BNB Foundation declared the successful completion of the 26th quarterly Binance Coin token burn through the BNB Chain. The burn, which included Auto-Burn and the Pioneer Burn Program, eliminated a significant amount of the exchange’s native token from circulation.  BEP95 Initiative Results In 210K BNB Permanently Burned During this latest burn event, the Auto-Burn process removed 2,141,487.27 BNB from circulation, equivalent to approximately $636 million in USD.  It is worth noting that the Auto-Burn mechanism operates independently of Binance’s centralized exchange (CEX), providing…

Bitcoin Fires Top Warning Signal, But Price Could Double First

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Bitcoin price reached highs of close to $50,000 a coin this year until an abrupt, 15% selloff stopped the climb and put the overheated crypto market on ice. The pullback has caused an early “top” warning signal to fire in BTCUSD, but data suggests that the top cryptocurrency could double before the actual top is in. Fishing For A Top Signal With the Fisher Transform Spot BTC ETF hype helped drive the price of Bitcoin from lows around $15,000 to over $45,000 per coin – a 300% increase. Peak post-ETF…

Ripple Faces Heated Legal Debate Amid Market Turbulence

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The crypto community is currently embroiled in a debate over the right for Ripple to sell XRP tokens, sparked by a recent exchange between XRP advocate Bill Morgan and a crypto analyst known as “Darkhorse” on social media platform X. This discussion delves into the legal complexities and market implications of Ripple’s actions concerning XRP sales. There is nothing that prevents Ripple selling its XRP. Anyone can sell an asset it owns. The issue is whether in the US it needs to register its sales and offers of XRP with…

MetaMask’s Secret Weapon and Ethereum’s Dencun Debacle

MOORE IS MORE. Ethereum co-founder Vitalik Buterin, the de facto high priest of the world’s largest smart-contracts blockchain, tossed out last week on a Reddit “Ask Me Anything” that it would be “reasonable” to raise the network’s “gas limit” – a very technical way of referring to the amount of transactions that can get jammed into each new block. He suggested an increase to “40M or so,” implying a 33% increase over the current limit of 30 million gas. (Yes, for the underinitiated, a unit of gas, in this context,…

Crypto Analyst Predicts XRP Price Will Surge 800% To Reach $5 In The Next 90 Days

Crypto analyst Egrag Crypto recently made a bold prediction as to the future trajectory of the XRP price and asserted when exactly the crypto token will hit this price level. Considering XRP’s current price level, it will no doubt be interesting to see how this prediction plays out.  “XRP To $5 In 90 Days” Egrag mentioned in an X (formerly Twitter) post that XRP will rise to $5 in 90 days. The analyst also suggested that this price surge was just the beginning of XRP’s meteoric rise, as he said…

Ethereum likely to surpass Bitcoin in midterm

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Ethereum is outperforming Bitcoin, driven by market anticipation of potential spot ETH ETF approvals. Ethereum (ETH) is showing signs of outperforming Bitcoin (BTC) in the midterm, according to QCP Capital’s latest market update report. This shift in market dynamics is linked to the anticipation of potential approvals for spot ETH ETFs. 6/ The next major crypto events are BTC halving (mid-Apr), and potential ETH Spot ETF approvals from May. In the meantime, crypto might take some direction from macroeconomic events. — QCP Capital (@QCPCapital) January 17, 2024 Recently, the U.S.…

Does Howard Lutnick Know ‘the Truth’ About Tether?

Fresh in from the World Economic Forum, in Davos, Switzerland: Howard Lutnick, chairman and CEO of Cantor Fitzgerald, has reiterated claims that Tether has the money the stablecoin issuer claims to have. Cantor has been a Tether custodian since late 2021, and as such has been able to examine portions of the stablecoin issuer’s balance sheet, Lutnick said. Source