Day: September 5, 2024

FBI Warns of Sophisticated North Korean Cyber Attacks Targeting Crypto, Defi, ETFs

The FBI has issued a new warning about North Korea’s cyber campaigns targeting the cryptocurrency sector. The agency highlighted the use of sophisticated, hard-to-detect social engineering tactics to deploy malware and steal digital assets. North Korean hackers are reportedly focusing on decentralized finance (defi) platforms and cryptocurrency exchange-traded funds (ETFs). FBI Warns of North Korean […] Source BitcoincryptoexchangeExchanges CryptoX Portal

China Urged to Establish Unified Crypto Regulations for Seized Digital Assets

A law professor at the East China University of Political Science and Law has highlighted the urgent need for China to standardize procedures for recovering illicit digital assets due to a rise in cryptocurrency-related crimes. He stressed the lack of uniform standards complicates asset recovery and urged for comprehensive guidelines and international cooperation to manage […] Source CryptoX Portal

Bitcoin Could Drop To $40,600 If This Happens, Crypto Analyst Says

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Este artículo también está disponible en español. An analyst has explained how Bitcoin could witness a drop to the $40,600 level based on a pattern forming in its 2-month price chart. Bitcoin Has Seen A TD Sequential Sell Signal On Its 2-Month Price In a new post on X, analyst Ali Martinez has discussed about a Tom Demark (TD) Sequential signal that has formed in the 2-month price of Bitcoin. The TD Sequential is an indicator in technical analysis (TA) that’s generally used for spotting positions of probable reversal in…

Here’s why the Ethervista, Uniswap, and AAVE are rising

Cryptocurrency prices remained on edge on Wednesday, Sep. 4, as sentiment in the financial market worsened. Bitcoin (BTC) dropped below $57,000, Ethereum (ETH) hovered below $2,500, while the crypto fear and greed index moved into the fear zone for the first time in weeks. The same situation unfolded in the stock market, where the Dow Jones, Nasdaq 100, and S&P 500 indices continued their downtrend. Still, some cryptocurrencies performed relatively well. Ethervista (VISTA) rose by over 120%, reaching a high of $32.3, giving it a market cap of $27 million. AAVE…

Senator Lummis Claims Bitcoin Could Cut National Debt In Half By 2045

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As Bitcoin gains traction within the Republican Party, notably championed by former President Donald Trump, lawmakers are increasingly positioning the cryptocurrency as a cornerstone for US economic growth.  US Senator Cynthia Lummis is at the forefront of this movement, advocating for the Bitcoin Act, which aims to establish a strategic Bitcoin reserve for the United States. A Bold Solution For Fiscal Crisis In a recent interview with Bankless, Lummis articulated her vision for the Bitcoin Act, highlighting its potential to address the nation’s staggering $35 trillion debt, which she argues…

Analyst Says Repeat Of 2017 Could Drive Rally

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Este artículo también está disponible en español. Crypto analyst Dark Defender has predicted that the XRP price could rise to $8 and explained what could spark such a parabolic rally for the crypto. As part of his bullish prediction, the crypto analyst also revealed what could lead to XRP rising to $18.  XRP Price To Rise To $8 If Repeat Of 2017 Bull Run Occurs Dark Defender predicted in an X (formerly Twitter) post that XRP would rise to $8 if a repeat of the 2017 bull run were to…

Bitcoin Halving Events No Longer Drive BTC Price, Report Says

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Outlier Ventures’ new report claims the four-year Bitcoin halving cycle “is dead,” arguing that halving events no longer significantly impact bitcoin’s price due to a maturing crypto market. The report suggests the influence of halvings diminished after 2016, with recent price movements driven more by Bitcoin ETFs and macroeconomic factors, such as the post-Covid capital […] Original

Report: L1 Blockchains Experience Slowdown in 2024 Amid Declining Activity

Layer one (L1) blockchain networks, including Ethereum, Solana, and Bitcoin, have experienced a significant reduction in onchain and market activity in 2024. Researchers Tanay Ved and Matías Andrade from Coin Metrics highlight the challenges these networks face as total fees and token performance drop below early-year highs. Ethereum, Solana, and Bitcoin See Sharp Drop in […] Source CryptoX Portal

Arthur Hayes: Bitcoin Could Slip to $50,000 — Altcoins Could Dive ‘Into the Gutter’

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Arthur Hayes, co-founder of crypto exchange Bitmex, has warned of a scenario where bitcoin could “slowly leak lower towards $50,000” and “altcoins could dive deeper into the gutter.” Focusing on the impact of dollar liquidity and Federal Reserve policies, Hayes remains cautiously optimistic about the long-term outlook, expecting future monetary easing to benefit crypto. Arthur […] Original