The competition has notably intensified in recent months for the 2024 U.S. presidential election, as indicated by the prediction market platform Polymarket. Just two months ago, former President Donald Trump was ahead with a 52% lead, while incumbent Joe Biden was at 33%. Current figures from Polymarket still place Trump in the lead, albeit by […] Source CryptoX Portal
A US hacker convicted of plundering more than $12 million worth of crypto assets from two decentralized exchanges (DEXs) was sentenced to three years in prison. In July 2022, Shakeeb Ahmed, a security engineer, used fake pricing data to generate approximately $9 million worth of inflated fees on an unnamed DEX, according to the U.S. Department of Justice. Ahmed then withdrew those fees in the form of crypto, but he agreed to return all of the stolen funds except for $1.5 million if the exchange agreed not to report the…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Since the emergence of Bitcoin in 2009, cryptocurrencies have become widespread. By 2022, the market included at least 10,000 tokens with various properties: well-known mainstream coins like Bitcoin and Ethereum, stablecoins with a value pegged to fiat currencies, meme coins, and various altcoins that power different projects. Cryptocurrencies provide options for fast and inexpensive money transfers (including cross-border ones), have limited use for payments, and can be…
As the countdown to the much-anticipated 2024 bitcoin halving event nears its climax, the cryptocurrency world finds itself amidst a whirlwind of excitement and speculation. Social media platforms have become abuzz with discussions surrounding the impending halving, according to data from Santiment. This increase in social media chatter indicates a potential for significant price movements in the volatile crypto market, sparking both FOMO (Fear of Missing Out) and FUD (Fear, Uncertainty, Doubt) among investors. Social Media Surge Fuels Speculation On Bitcoin’s Fate The surge in social media chatter around the…
The cryptocurrency market experienced a sudden and sharp downturn on Friday, April 12, which saw the Bitcoin price and the value of other large-cap assets take severe hits. The price of Bitcoin, which has been mostly moving sideways over the past few days, fell below the $67,000 mark for the first time in more than a week. As a result of the abrupt decline, the crypto market has witnessed nearly $900 million in liquidations in the past 24 hours. According to Futures market data from Coinglass, losses from leveraged Bitcoin…
Following the downturn in bitcoin’s price on Friday, the hashprice of bitcoin has declined from slightly above $119 per petahash per second to marginally over $116 per PH/s on a daily basis. Should the prices remain low leading up to the forthcoming halving event scheduled for next week, certain mining devices may only be viable […] Original
Spot Bitcoin ETFs, or exchange-traded funds, saw a net outflow of $55 million on Friday, April 12. The data signals a reversal after ETFs enjoyed two consecutive days of inflow worth nearly $215 million. Bitcoin ETFs ahead of halving According to data from SoSo Value, the largest outflow on Friday came from Grayscale’s GBTC, which saw $166 million withdrawn. GBTC continues to see large outflows ahead of the halving, as the ETF also shed $154.9 million on Monday, April 8. Conversely, the largest inflow on Friday came from BlackRock IBIT,…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Borroe Finance (ROE) is making waves with its promising potential for substantial gains compared to other top altcoins like Aptos (APT) and Floki (FLOKI). Borroe Finance raised over $3.62 million near the end of its presale. Meanwhile, Aptos saw a loss in momentum and FLOKI struggled to maintain its bearish trend. Let’s learn which is the best crypto investment. Borroe Finance presale is a good opportunity The Borroe Finance…
Around 70% to 80% of transactions in the crypto secondary market transactions occur between crypto assets and stablecoins. The South Korean government’s welcoming stance, coupled with the high popularity of crypto assets in the country, are among the reasons why the won is now the second most-used fiat currency. Decline in 2021/2 Crypto-to-Stablecoin Volumes According […] Source CryptoX Portal
The bullish momentum of the Bitcoin price has dwindled over the past few weeks, putting the progression of the crypto bull cycle into question. On Friday, April 12, the crypto market witnessed a flash crash, causing the premier cryptocurrency’s value to drop from $70,000 to below $67,000. This latest downturn underscores the struggle of the Bitcoin price to return to its recent all-time high of $73,737, which was forged in mid-March. On-chain analytics platform Santiment has identified a particular Bitcoin metric that may signal the resumption of the bull run.…