Month: September 2024

Bitcoin Short-Term Holder Behavior Reminiscent Of 2019 As BTC Remains Below $60,000

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Este artículo también está disponible en español. A recent Quicktake analysis on the on-chain analytics platform CryptoQuant highlighted how Bitcoin’s short-term holders’ (STH) behaviour is similar to that of 2019. This analysis comes as Bitcoin remains below $60,000, continuing the bearish September trend.  Peak In Bitcoin’s Short-Term Holders Similar To 2019 Structure CryptoQuant contributor Avocado_onchain noted that there had been a “small peak” in Unspent Transaction Outputs (UXTOs) under six months, which resembles a similar structure observed in 2019. The analyst explained that these UXTOs under six months are new…

The Secret Code Behind Trump Family Crypto Project

As if this weren’t all entertaining enough, the project is reportedly aided by a cast of characters who, in other times and other contexts, might give campaign-vetters pause. They include Zachary Folkman, listed in the white paper as World Liberty Financial’s head of operations, and Chase Herro, its data and strategies lead. A limited liability corporation for World Liberty Financial is registered to Folkman, who, along with Herro, is the co-creator of Subify, which bills itself as a censorship-free competitor to both Patreon and OnlyFans – both services that let…

Crypto Exchange Hacker Moves $6,500,000 in Ethereum (ETH) to Digital Asset Mixer Tornado Cash: PeckShield

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An address connected to the hack of Indian crypto exchange WazirX is suddenly moving millions of dollars in Ethereum (ETH), according to the cybersecurity firm PeckShield. PeckShield says that the hacker transferred the ETH stash to Tornado Cash, a coin-mixing service that facilitates anonymous digital asset transactions. “WazirX Exploiter-labeled address has transferred 2600.1 ETH (worth ~$6.5 million) to Tornado Cash…” Source: PeckShield/X The stolen ETH was part of the July 18th hack of WazirX, which resulted in the theft of more than $230 million in digital assets. Blockchain tracking firm…

Is Chainlink (LINK) Sliding To $9? On-Chain Metrics Expose Weak Network Activity

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Este artículo también está disponible en español. Chainlink (LINK) is at a crucial level after a sharp 22% retrace from recent local highs, sparking concern among investors and analysts. The recent downturn is compounded by unsettling on-chain data that suggests Chainlink’s network activity may weaken, adding to the uncertainty surrounding the asset. This decline in activity, coupled with broader market volatility, has heightened fears of further losses.  Related Reading If the current bearish sentiment persists, LINK will likely test the next significant demand level around the lower $9 mark. This…

Will September be the turning point for Bitcoin? Critical events loom large

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Is Bitcoin on the verge of a major breakout, or will September’s economic indicators confirm the bearish sentiment that has kept the market in limbo for weeks? Bitcoin waiting for its next signal For the past few weeks, the crypto market has been treading water, with prices stubbornly stuck in a tight range.  Bitcoin (BTC) has been hovering around the $60,000 mark, often dipping just below it and struggling to maintain any momentum above this level. As of Sep. 3, BTC is trading at approximately $57,500, a level it has…

Web3 Startup Startale Labs Secures Investment From Samsung Next Following Sony Partnership

Samsung Next has announced its investment in Startale Labs, a company at the forefront of the Web3 ecosystem. This partnership aims to address the limitations of centralized systems by providing essential tools and infrastructure for decentralized applications (dapps) and smart contracts. Startale Labs, known for its innovative solutions like the Astar Network and Soneium, is […] Source CryptoX Portal

How Ethereum 2.0 Can Transform DeFi

For those who didn’t follow the case, the SEC believed ether (ETH) was sold as an unregistered stock, with concerns that it was being sold without following certain rules and protocols. However, Ethereum’s proponents argued that, since the network is decentralized, it does not meet the criteria of an investment contract or security. Source

Private Blockchains, Smart Contracts, and AI Integration

A robust custody solution should consider advanced technologies to ensure the security and integrity of stored value. One option is a private and permissioned blockchain, which can serve as the backbone for transaction integrity and auditing, providing a reliable mechanism for tracking asset movements. The design of such blockchains assures that transactions are both auditable and immutable, which is crucial for maintaining trust and security. While a simple database can provide some of these functions, a private blockchain delivers them out of the box, offering enhanced security, transparency, and reliability.…

The Future of Yield Generation in Crypto Portfolios

Bitcoin’s primary appeal has always been its potential for significant capital appreciation. However, unlike Ethereum and Solana, which offer staking rewards to holders, Bitcoin lacks a straightforward method for generating yield. Traditionally, investors have resorted to lending their Bitcoin to earn interest. Yet, this approach carried significant risks, particularly due to rehypothecation, where assets were used as collateral for further lending. This practice led to a credit bubble that ultimately burst in 2022, resulting in widespread insolvencies and a loss of trust in many facets of the market. Source