Month: February 2024

NIST investigates security flaw in Binance trust wallet’s iOS app

The National Institute of Standards and Technology (NIST), an entity within the United States Department of Commerce, is currently scrutinizing a specific vulnerability in the iOS version of the Binance Trust Wallet application.  This examination centers on a security flaw that, if exploited, could potentially enable attackers to illicitly access and divert funds from users’ cryptocurrency wallets. The focus of the investigation is on how the application improperly utilizes the trezor-crypto library for generating mnemonic words, crucial for securing user funds, which ought to be authenticated at the entropy source…

XRP price predicted to hit $0.60 as whales make $120M move

Ripple (XRP) price peaked at $0.56 on Feb. 15, but crypto whales looking to exploit its undervalued status could trigger more bullish action.  Between Feb. 9 and Feb. 15, all top-10 ranked crypto assets have scored double-digit price gains. Meanwhile XRP has only mustered a modest 8% upswing during that period.  How will XRP bulls react to this rare market dynamic in the coming days?   XRP is undervalued compared to top-ranked crypto assets  Between Jan. 23, and Feb. 15, the crypto sector has grown by 30% adding $450 billion in…

Bitcoin Eyes New Highs This March, Predicts Top Firm

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Bitcoin has been on an absolute tear, surpassing $52,000 for the first time since December 2021. The leading digital asset has already climbed over 23% in 2024, and a major driver of this meteoric rise has been the influx of institutional money entering the space through spot Bitcoin ETFs.  Bitcoin’s mainstream credibility among traditional investors has been growing since the beginning of February, with ETFs registering between $400 million and $650 million in daily inflows in the past week. At the same time, BTC call options have seen a massive…

Stablecoins Are the ‘Biggest Misnomers’ and ‘Oxymorons’ Says New Zealand Central Bank Governor

The New Zealand Central Bank governor, Adrian Orr, recently branded stablecoins “the biggest misnomers” and “oxymorons.” Orr also rejected the notion that cryptocurrencies could serve as a replacement or supplement to central bank-issued money. Stablecoins Not a Viable Substitute for Money Despite their rise as an alternative to fiat currency in some regions, stablecoins are […] Source CryptoX Portal

Price Soars Over 60% As TVL Explodes

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Stacks (STX), a cryptocurrency facilitating smart contracts on the Bitcoin blockchain, has defied broader market turbulence to emerge as a standout performer. Over the past week, STX price skyrocketed over 60%, reaching a nine-day high of $2.15 and flirting with its all-time peak of $2.45. This impressive rally has propelled Stacks into the top 25 cryptocurrencies by market cap, leaving many wondering: what’s driving the surge? Stacks (STX) Climbs Over 60% On Back Of Bitcoin Ascent Several factors appear to be fueling Stacks’ ascent. Firstly, its unique ability to bring…

Bitcoin hits 2-year high, traders expect more gains in February

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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) rose to a two-year high of $51,440 earlier on Feb.15. Given this bullish momentum and the favorable macroeconomic conditions, what price could Bitcoin reach in February? Bitcoin soars past $1 trillion market cap The BTC spike above $51,000 also saw the network’s market cap break above $1 trillion. This milestone comes as daily spot trading volumes continue increasing – with over $40 billion in BTC exchanging hands…

Ether Traders Target $3.5K as ETH Jumps on ETF Expectations

As of Thursday, Franklin Templeton, BlackRock, Fidelity, Ark and 21Shares, Grayscale, VanEck, Invesco and Galaxy, and Hashdex, had all submitted applications for an ether ETF. They already offer spot bitcoin (BTC) ETFs, which were introduced mid-January. Since then, the funds have accumulated $11 billion worth of BTC and helped propel the price of the largest cryptocurrency through $52,000. Source