Day: April 15, 2024

Trust Wallet warns Apple iOS users of iMessage vulnerability 

Binance-backed Trust Wallet cited “credible intel” pointing to a high-risk attack vector that hackers can deploy via Apple iMessage.  The self-custodial crypto wallet provider said dark web hackers target iPhone and iOS users through a zero-day exploit on Apple’s default messenger. Trust Wallet’s alert suggested that the exploit corridor has been on the tech giant’s device since day one.  However, the startup did not specify who provided the information or if users had incurred any crypto losses.  Trust Wallet recommended turning off iMessage completely from Apple settings to mitigate the…

Analyst Predicts $650K Bitcoin Price Once ETF Investors Fully Deploy Asset Manager Recommendations

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Popular onchain analyst Willy Woo has predicted a potential bitcoin price surge to $650,000 at the bull market’s peak. His prediction hinges on spot bitcoin exchange-traded fund (ETF) investors fully deploying their assets based on recommendations from asset managers. “These are very conservative numbers. Bitcoin will beat gold cap when ETFs have completed their role,” […] Original

Worldcoin Faces Over $1 Million in Fines in Buenos Aires for Legal Violations

Worldcoin, the biometric iris scanning digital ID organization, is being accused by the government of Buenos Aires of several transgressions, including contradictions regarding the treatment of users’ digital information. Buenos Aires considers that the company exposes users to several unfair clauses, including those describing the possible interruption of the service. Worldcoin Faces Over $1 Million […] Source CryptoX Portal

Bitcoin Peak Pre-Halving Doesn’t Guarantee Further Gains: Analyst

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With the fourth Bitcoin Halving just around the corner, Lady of Crypto, a market analyst and trader, has weighed in on claims concerning this bull cycle.  The crypto analyst shared her insights after analyzing the recent market decline and the impending Bitcoin halving this month. According to the expert, there have been speculations that since BTC broke its all-time high early, the cryptocurrency can continue seeing fresh gains.  Bullish Run Misconception: Bitcoin Can Hit Another ATH? Lady of Crypto has disregarded the claims that this bull cycle will begin early,…

Solana Price Jumps 7% On Bitcoin And Ethereum ETF Approvals, Network Congestion Update

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Solana’s price saw a notable recovery on Monday after a steep decline over the past seven days. This was supported by positive developments in the Bitcoin (BTC) and Ethereum (ETH) markets, which came alongside the approval of exchange-traded funds (ETFs) for both cryptocurrencies in Hong Kong.  Additionally, Solana addressed its ongoing network congestion issues with a new update, aiming to rectify transaction failures and outages. New Update Tackling Implementation Bug According to Mert Mumtaz, CEO of Helius Labs, Solana’s recent network congestion issues were attributed to an implementation bug rather…

Bitcoin Miners To Lose A Whopping $10 Billion Following The Halving

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The Bitcoin Halving is set to take place this week. Miners’ rewards will be cut in half from 6.25 BTC to 3.125. This event is expected to have far-reaching effects on the miners themselves, as they are bound to lose a significant amount of revenue once the halving occurs. Bitcoin Miners Could Lose Up To $10 Billion In Revenue According to a Bloomberg report, Bitcoin miners could lose up to $10 billion annually following the Bitcoin Halving. This is because these miners, who currently earn 900 BTC daily from validating…

There Are Many Bitcoin (BTC) Critics Left in Finance, Despite BlackRock’s (BLK) Newfound Love

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Stone X Group’s chief strategist, Kathryn Vera, gave a presentation at the Miami conference, stating that bitcoin won’t be a reserve currency – economics jargon for a currency like the dollar, euro or yuan held by central banks to support global trade and finance – “in her lifetime.” A key reason why the largest conventional currencies are cornerstones of finance is this reserve currency status. Original

Germany’s Largest Federal Lender LBBW Ventures Into Crypto Custody, Targets Mid-2024 Launch

Landesbank Baden-Württemberg (LBBW), Germany’s largest federal bank, has announced plans to offer crypto custody services later in the year. LBBW revealed its collaboration with Bitpanda, based in Austria, and stated that it will begin these services focusing on bitcoin and ethereum, the top two cryptocurrencies by market capitalization. LBBW and Bitpanda Collaborate to Offer Bitcoin […] Source CryptoX Portal

Increased Bitcoin ETF Adoption Propels BTC Dominance To Highest Level Since 2021

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Bitcoin’s dominance within the cryptocurrency market has reached a three-year high, signaling strong demand for US spot Bitcoin ETF holding the largest digital asset and a challenging period for smaller tokens. Bitcoin accounted for nearly 55% of the $2.4 trillion digital asset market at the end of last week, a level not seen since April 2021. On Saturday, in particular, BTC’s dominance jumped to 57% as it briefly touched the $67,000 mark.  The next largest tokens by market share include Ethereum (ETH), Tether’s USDT stablecoin, Binance exchange’s native token Binance…