Day: November 12, 2024

Phishing scam via fake Zoom link costs GIGA investor $6M

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A crypto memecoin investor holding Gigachad (GIGA) tokens has lost $6.09 million in a phishing attack involving a fake Zoom meeting link. On Nov. 12, GIGA recorded an unusual price drop triggered by a massive sell-off event. Soon after, a prominent pseudonymous GIGA investor ‘Still in the Game’ proactively alerted against the involvement of a hacker: “Just want to be transparent – the massive sell on $GIGA today was due to one of my wallets being drained by a fake Zoom link. This hurts bad but I will be back.…

Germany’s Deutsche Telekom joins NEAR as blockchain validator

German telecom giant Deutsche Telekom has become the first telecommunication company to operate a validator within the NEAR Protocol. Deutsche Telekom AG, the world’s fifth-largest telecommunications company by revenue, is joining the NEAR ecosystem’s Enterprise Node Operators program to support the decentralization and security of the network. In a Nov. 11 press release, Deutsche Telekom said it will play a “key role” in the blockchain’s operation as a validator as part of the institutional orientation of the NEAR ecosystem. Oliver Nyderle, head of digital trust & web3 infrastructure at Deutsche…

Bitcoin nears $90k, long-term holders wake up

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Bitcoin’s rally after the U.S. elections continues as the total crypto market cap reaches a new all-time high. Bitcoin (BTC) reached an ATH of $89,604 early on Tuesday with a market value of $1.77 trillion. The leading crypto asset saw a gentle drop as long-term holders started to make movements.  BTC is trading at $88,400 at the time of writing. Its daily trading volume keeps growing — currently at $133 billion. BTC price, dormant circulation and MVRV ratio | Source: Santiment According to data provided by Santiment, Bitcoin’s two-year dormant…

Dogecoin Traders Eye $1 Target

Musk has discussed creating a “Department of Government Efficiency,” abbreviated as D.O.G.E, to make government spending more efficient. That has fueled expectation among traders that there could be more chatter of “DOGE” in mainstream media and retail trading circles, fueling attention and interest in dogecoin, as a CoinDesk analysis first noted in mid-October. Source

In Wild Trading Session, Bitcoin (BTC) Price Spikes Above $89K Battering Both Bulls and Bears

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The volatility caused nearly $700 million in liquidations on crypto-tracked futures, impacting both longs and shorts (or bets on higher and lower prices, respectively), with $380 million in bearish traders and $290 million in bullish bets evaporated. Such cumulative losses are the highest since early April, when BTC briefly crossed its previous peak at over $73,000. Original

Bitcoin Buying Pressure Rises, But Here’s Why A Pullback Could Be Coming

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A recent analysis from BaroVirtual, a CryptoQuant analyst, offers a nuanced perspective on the current state of the Bitcoin market. According to the analyst, fluctuations in the Coinbase premium—a key metric that tracks the price difference between Bitcoin on Coinbase and other exchanges—can offer significant insights. Retail Leverage And Premiums: A Double-Edged Sword Rising or elevated Coinbase premiums typically suggest intense buying pressure, indicating strong medium-term sentiment for Bitcoin. However, BaroVirtual warns that in the short term, these high premiums may present a double-edged sword, as they often precede a…

‘Ethereum is starting to catch a bid’ — US ETFs hit record $295M inflow

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The United States spot Ether exchange-traded funds (ETFs) recorded their biggest day of inflows in history, as the crypto market continues to rally after Trump’s election victory.  The ETFs, which launched in July, recorded $294.9 million in inflows on Nov. 11 — smashing the previous record of $106.6 million on launch day.  The Fidelity Ethereum Fund (FETH) led the pack with $115.5 million in inflows — a record for the fund — while the BlackRock-issued iShares Ethereum Trust ETF (ETHA) was second with $100.5 million, according to Farside Investors and…

Bitcoin at a Crossroads: How Nation State Acquisitions Could Reshape Cryptocurrency

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Rumors swirl around the potential for nation states to acquire large reserves of bitcoin (BTC), sparking debates on the risks and benefits for the cryptocurrency’s future. Could Nation States Holding Bitcoin Spark Hyperbitcoinization? In recent days, rumors have emerged about nation state accumulating substantial amounts of bitcoin, with some speculation even suggesting a coordinated effort […] Source

Tether launches open-source wallet development kit for humans and AI

The world’s largest stablecoin issuer, Tether, has launched an open-source wallet development kit (WDK) to enable businesses and developers to integrate non-custodial wallets into any website or app — and it’s even designed to work with AI agents. On Nov. 11, Tether announced the launch of its WDK Wallet Development Kit, which it described as a modular software development kit “designed to empower businesses and developers to seamlessly integrate non-custodial wallets and user experiences for USDT and Bitcoin in any app, website, and device.” The WDK has been designed to…