Month: January 2024

Bitfinex Thwarts $15B Cybersecurity Attack Involving XRP

Paolo Ardoino explained that the attacker anticipated Bitfinex’s system would be improperly configured to process partial payments. In a recent turn of events, Bitfinex, a prominent crypto exchange, successfully thwarted a sophisticated cyber attack involving an attempted transaction of nearly $15 billion worth of Ripple’s XRP.  In a post on X, formerly Twitter, Whale Alert, a well-known blockchain tracking entity, initially reported the incident noting that an unknown wallet successfully moved 25.6 billion XRP, nearly half of the token’s total supply, to Bitfinex. However, Whale Alert retracted its statement, attributing…

Chainlink Rises 17% – Is LINK On Course To Hit $20 This Week?

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Traders in the crypto realm are watching Chainlink (LINK) with bated breath as the price coils up near the $16 mark, hinting at a possible break out towards $17, or even $20 given the right conditions this week. Since November, LINK has been consolidating between $13.00 and $17.00, exhibiting classic market cycle behavior that presents prime opportunities for savvy traders. Technical analysts are buzzing with potential bullish scenarios, with many pointing to the current price action as the telltale sign of an “accumulation phase.” As per the renowned Wyckoff method,…

Analysts bullish on Solana and Pullix, Stacks targets more gains

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Solana (SOL) is down, shaking investor confidence, with some having anticipated the altcoin to reach $200. However, an analyst remains optimistic about further gains. Another analyst predicts that the Pullix presale token could soon reach $0.1. Meanwhile, Stacks proponents aim to regain the $2 price level. Pullix bulls target $0.1 Pullix recently rose to $0.08.  Pullix combines aspects of decentralized (DEX) and centralized (CEX) exchanges, providing users with a comprehensive trading experience. …

Was 50% Of XRP Supply Sent To Bitfinex? What Really Happened

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A transaction involving a whopping 25.6 billion XRP (valued at nearly $15 billion), nearly half of the total circulating supply of approximately 54.26 billion, raised alarm within the crypto sector in the late evening of January 14. The transfer was reported to have originated from an unknown wallet to the cryptocurrency exchange Bitfinex. Were 25.6 Billion XRP Really Moved? However, further investigation revealed this to be a failed attempt at exploiting the “Partial Payments” function of the XRP Ledger, as confirmed by Paolo Ardoino, Chief Technology Officer (CTO) at Bitfinex.…

Bitcoin Price to Hit ATH Over $69K before End of 2024

According to Scaramucci, Bitcoin should benefit immensely from the spot Bitcoin ETFs the SEC recently approved for trading. Anthony Scaramucci has predicted that Bitcoin (BTC) will hit a new all-time high (ATH) before the end of 2024. According to the chief executive officer (CEO) and founder of alternative asset management firm SkyBridge Capital, Bitcoin will hit the new ATH spurred by activity from the recent approval of spot Bitcoin exchange-traded funds (ETFs). Scaramucci talked about the possibility of a new ATH for Bitcoin while speaking in a CNBC interview. The…

Crypto Fear and Greed Index plunges back to neutral levels

The cryptocurrency fear and greed index has returned to neutral after a surge last week. According to Alternative.me, on Jan. 15, the fear and greed index fell to October 2023 levels. The drop came days after the first spot Bitcoin (BTC) ETFs were approved in the United States. According to the index, Bitcoin’s market sentiment score is 52 out of a possible 100, the lowest since Oct. 19 last year, when BTC traded at an average daily price of approximately $31,000. Source: Alternative.me Notably, just a few days ago, the…

King Crypto’s Worst Week Has Investors Shivering Near $35,000

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The Bitcoin market is experiencing a period of adjustment following the much-anticipated launch of US spot ETFs last week. After a surge to a two-year high near $49,000, the leading cryptocurrency has pulled back over the past four days, currently trading at $42,588 with a market capitalization of $834 billion. This correction presents an opportunity to assess the underlying dynamics and potential future trajectories of the digital asset. ETF Approval Hype Fades: Markets React The initial excitement surrounding the ETF approval was palpable, fueling a rapid price increase as investors…