Day: February 5, 2025

‘Is this even real? Absolute joke:’ WazirX’s restructuring plan sparks furious outcry

Hacker Indian crypto exchange WazirX’s latest move has users furious: either support new DEX plan or sit tight for five years to get their money back. Indian crypto exchange WazirX, which lost hundreds of millions in customer funds in a 2024 hack, is making waves again. This time, over a restructuring plan that’s sparking outrage among users. In an X post on Tuesday, Feb. 4, WazirX laid out a “breakdown of what happens” depending on whether the community backs its proposal. Urging users to “understand what to expect in both…

Ether ETFs Secure Four Days of Consecutive Gains With Inflow of $308 Million As Bitcoin ETFs Rebound With $341 Million Inflow

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Ether and bitcoin ETFs enjoyed significant inflows on Tuesday, Feb. 4, as market momentum continues to pick up after a volatile start to the week. Investors Pile on Ether ETFs As Total Net Assets Cross $10 Billion Ether exchange-traded funds (ETFs) crossed $10 billion in total net assets after attracting $308 million in inflows on […] Original

XRP To Hit $8 In The ‘Upcoming Days,’ Predicts Crypto Analyst

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Este artículo también está disponible en español. Crypto analyst Dark Defender (@DefendDark) has released an updated technical chart that indicates XRP could be on track to reach the long-anticipated $8 price level in the “upcoming days.” The chart, shared on X yesterday, depicts an Elliott Wave structure complete with clearly defined support and resistance levels, along with a noteworthy correction currently taking place below the $3 price zone. The analyst first teased the chart on X: I will explain how XRP is expected to target $8 in the upcoming days…

XRP Ledger ‘Self-Healed’ After Brief Downtime

The XRP Ledger (XRPL) was briefly unavailable early Wednesday as a consensus mechanism design led to a temporary halt in network operations. The incident began when the network’s consensus process appeared to function, but validations were not being published, causing the network’s ledgers to “drift apart.” In the XRP Ledger, consensus among validators is crucial for updating the ledger with new transactions. If validators cannot agree on which transactions to include in the next ledger version, the network can’t move forward. A “drift” in this context means that while the…

Direct marketing advice generator makes it easy for organisations to comply with the law

We have launched a free online tool to help organisations ensure their direct marketing activities comply with UK law – namely the Privacy and Electronic Communication Regulations (PECR), and the UK GDPR. By using the direct marketing advice generator, small organisations will get reliable compliance advice, tailored to their own direct marketing activities, in minutes. This allows organisations to reach out and promote their products and services to both new and existing customers, as well as share their aims and ideals – and can assist in making sure they’re contacting…

Here’s why analysts think it’s too early for Bitcoin long positions

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As Bitcoin’s price holds below $100,000, experts warn that the time may not be right for new long trades. Bitcoin (BTC) is still above $100,000, but signs of a slowdown are showing, and analysts warn it might be too early for long positions. Despite Bitcoin’s recent jump past $102,000 after dipping to $91,229 on Feb. 3, the Relative Strength Index has been consolidating. “Bitcoin has historically presented strong buying opportunities only when the RSI dropped to around 40%,” analysts at blockchain firm Matrixport wrote in a Feb. 5 research note.…

Market Expert Claims XRP Drop To $1.76 Was ‘Manipulated’

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Este artículo también está disponible en español. The recent price decline of XRP has sparked a discussion among market experts regarding whether the decrease to $1.76 was a natural market reaction or a more deliberate event. Within three hours on February 3, 2025, XRP experienced a rapid decline from $2.57 to $1.76, a staggering 31% decrease. Nevertheless, the rapid recovery above $2 that occurred shortly after the decline was a cause for concern. Related Reading The price movement has been the subject of speculation, with some positing that external factors,…

Bitcoin miner Bitdeer acquires $21.7m power plant in Canada

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Bitcoin mining firm Bitdeer has acquired 19 acres of land in Alberta, Canada for $21.7 million. The power plant could scale up to 1 GW of power. In a press release, the Singapore-based Bitcoin (BTC) mining firm announced it has successfully completed an acquisition deal for a 101 MW site and gas-fired power project located near Fox Creek, Alberta, Canada worth $21.7 million. According to Bitdeer, the site is fully licensed and already includes the permits required to construct an on-site natural gas power plant. In addition, Bitdeer also received…

Bitcoin (BTC) Network Hashrate Growth Was Muted in January, JPMorgan (JPM) Says

The Bitcoin network hashrate, a proxy for competition in the industry and mining difficulty, rose slightly in January, Wall Street bank JPMorgan (JPM) said in a research report on Monday. The monthly average network hashrate rose 1% to 785 exahashes per second (EH/s), the bank noted, while mining difficulty fell 2% month-on-month. The month-end, weekly moving average hashrate was 781 EH/s, a 2% decline from the end of December, the report said. “This is relatively uncommon, and a modest tailwind for bitcoin (BTC) mining economics,” analysts Reginald Smith and Charles…

Memecoins The ‘Defining Narrative Of 2024’, AI Agents Next ?

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Este artículo también está disponible en español. Memecoins have been the leading narrative of the cycle after surpassing all expectations and becoming the top-performing sector of 2024. As we navigate 2025’s crypto market, emerging sectors like Artificial Intelligence (AI) agents could rival memecoins’ narrative mindshare. Related Reading Memecoins Defined 2024’s Crypto Market On Tuesday, Binance Research shared its “Full-Year 2024 & Themes for 2025” report, crowning memecoins as the “Defining Narrative of 2024. The platform highlighted the sector’s outstanding performance last year, which drove significant attention to the crypto market.…