According to the latest figures, Microstrategy’s investment in bitcoin has doubled, showing a 116% increase after the cryptocurrency’s value experienced a significant rise this past week. The company, specializing in business intelligence, has acquired a total of 193,000 bitcoins at an expenditure of $6.122 billion, with the current market value of their holdings soaring to […] Original
XRP, the native token of the Ripple network, has been a cryptocurrency on a rollercoaster ride. After a year marked by significant price swings and a high-profile lawsuit, XRP finds itself at a crossroads. Could a technical indicator signal a long-awaited rise, or are recent dips a sign of profit-taking before a potential fall? XRP Poised For Breakout? Technical analysts are keeping a watchful eye on XRP’s price movement. The cryptocurrency appears to be on the verge of breaking out of a multi-year symmetrical triangle formation. This pattern, characterized by…
The Federal Bureau of Investigation’s (FBI) 2023 Internet Crime Report sheds light on an alarming surge in cryptocurrency-related investment fraud. According to the report, crypto scams accounted for 86% of all investment fraud losses in the U.S., amounting to $3.94 billion. That’s a 53% increase from 2022, when multiple crypto scams plagued the sector, including the $32 billion collapse of FTX and the $4.7-billion bankruptcy of Celsius (the founders of both of those companies faced fraud charges). This surge in crypto-related fraudulence aligns with a broader trend of escalating online…
Amid a significant uptick in ERC20 tokens, especially meme coins, the expense of conducting transactions on Ethereum has notably increased, pushing the average fee to $22.19 for each operation. Further data indicates that executing a swap on a decentralized exchange (dex) platform could incur a cost of $66. Transfers and Dex Swaps Costlier as Ethereum […] Source CryptoX Portal
Crypto analyst Michaël van de Poppe has laid a bullish narrative for altcoins, predicting that these crypto tokens will make a significant run of theirs soon. This prediction is based on his belief that altcoins are still undervalued compared to the flagship crypto, Bitcoin. Crypto Analyst Says Altcoins Are About To Explode Michaël van de Poppe mentioned in an X (formerly Twitter) post that “there is still around 40-60% market capitalization to gain for the altcoins.” In a subsequent X post, he noted that the valuations of these crypto tokens…
Sales of Non-fungible tokens (NFTs) have witnessed a notable uptick this past week, climbing 11.62% to hit $442.02 million over the previous seven days. The most significant transaction was the sale of the ‘Alien’ Cryptopunk #3,100, donning a headband, for $16 million, with Bitcoin-based NFTs claiming the lead in sales volume across 22 different blockchains. […] Source CryptoX Portal
The winds of change are whistling through the global financial system. The BRICS alliance, a formidable economic force comprising Brazil, Russia, India, China, South Africa, and newly added members, is revving up its engine for a revolutionary new payment system. This system, fueled by the cutting-edge technology of blockchain, promises to disrupt the current dollar-dominated landscape, potentially altering the course of international trade and finance. A BRICS Announcement: De-Dollarization On The Horizon? Fueling speculation about a potential paradigm shift, Kremlin aide Yury Ushakov recently announced plans for a BRICS-led payment…
In February alone, criminals stole digital funds worth over $67 million from decentralized finance (defi) platforms. The latest Immunefi data shows that hacking attacks accounted for more than $65 million, or 97% of the month’s losses. The Ethereum blockchain suffered the most individual attacks, with 12 incidents representing 85.71% of the total losses across targeted […] Source CryptoX Portal
Litecoin has emerged as a standout performer in the cryptocurrency payments sector, overtaking prominent digital currencies such as Dogecoin, Bitcoin, and Ethereum as the top choice for crypto payments on leading Bitcoin payment service provider, Bitpay. Litecoin At The Forefront Of Crypto Payments In a recent announcement on X (formerly Twitter), the Litecoin team revealed that LTC has claimed the top spot as the most preferred cryptocurrency for payments on Bitpay. Sharing a chart of Bitpay’s payment count by cryptocurrency, the team disclosed that Litecoin has hit a recent milestone,…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. In 2016, British documentarian Adam Curtis released a film titled “HyperNormalisation,” it is his critique on the evolving nature of power in the international system or, more precisely, the lack of power that few want to admit. In 2024, our international system is more complex and less stable than it was only eight years prior. In fact, the war in Europe, geopolitics in the Pacific, and military…