Ebury Botnet Expanding: Malware Continues to Steal Cryptocurrency

ESET Research has disclosed that the Ebury botnet, a formidable malware campaign targeting servers, is still active and expanding. Initially recognized for its capability as a server-side backdoor, Ebury has compromised roughly 400,000 Linux, FreeBSD, and OpenBSD servers, with over 100,000 still affected as of late 2023. The operators of Ebury have diversified their illegal […] Source

US Congress Building Pro-Crypto Army, Lawmaker Says

Crypto is gaining momentum among U.S. lawmakers. Senator Cynthia Lummis stated: “We are building a pro-crypto army in Congress.” This declaration came shortly after the House of Representatives passed the landmark Financial Innovation and Technology for the 21st Century Act (FIT21) crypto bill, despite opposition from the White House and SEC Chairman Gary Gensler. ‘We […] Source CryptoX Portal

Is Axie Infinity (AXS) About To Skyrocket? Crypto Analysts Spot Major Breakout Patterns

Axie Infinity (AXS), the popular play-to-earn game token, appears to be drawing significant attention from crypto analysts and investors alike. Recent analyses by renowned crypto experts Ali and Captain Faibik have identified key patterns and technical signals indicating a possible bullish breakout for AXS. The analysts observed an inverted head and shoulders pattern on the weekly chart of AXS, a classic technical indicator often associated with the reversal of a downtrend and the start of a bullish phase. Related Reading Major Rally Predicted For Axie Infinity (AXS) Ali predicts that…

Brian Kelly: Solana Might Get the Next Spot ETF

Brian Kelly, founder and CEO of BKCM, a digital currency investment firm, stated that while he is still unsure about the imminent approval of a spot ether EFT, he trusts that it will be approved “at some point in time.” In an interview on CNBC, Kelly specified that solana (SOL) might be the next asset […] Source CryptoX Portal

Pundit Predicts Shiba Inu Competitor Dogwifhat Will Reach $10 Amid Short liquidations

Crypto trader and analyst Unipcs (Bonk Guy) has reiterated his bullish prediction for Dogwifhat (WIF). He made this statement while revealing the sums lost by short traders thanks to their bearish sentiment around the meme coin.  Dogwifhat Headed To $10 Unipcs mentioned in an X (formerly Twitter) post that Dogwifhat is “headed to $10” and will never drop to as low as $1 again. He added that the market is currently in a meme coin supercycle, which is why he believes the meme coin can attain such heights. The crypto…

Coinbase Reenables XRP Trading in New York

“Coinbase Reenables XRP Trading in New York” – In a significant development for the cryptocurrency community in the Empire State, Coinbase has reenabled XRP trading in New York. The announcement was made by Paul Grewal, Coinbase’s Chief Legal Officer, via a social media post. Grewal stated, “XRP trading on Coinbase is available again in NY. […] Source CryptoX Portal

Is the House’s FIT21 Bill Really the Legislation That Crypto Needs?

Somewhat ironically, Shapiro and Palley’s criticisms seem to line up with Maxine Waters (D-CA), the ranking Democrat on the House Financial Services Committee, who said it was the one of the worst bills she’s ever seen. In addition to potentially stretching the resources of the CFTC, which only has around 700 employees compared to the SEC’s 4,500, it may also undermine other legislative efforts – like the stablecoin bill Waters worked on alongside House Financial Services Chair Patrick McHenry (R-NC). Source