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BRIEF UPDATE German authorities confiscated 50,000 bitcoins valued at more than $2.1 billion from a pirating operation in Germany. German authorities confiscated 50,000 bitcoins valued at nearly $2.2 billion, allegedly purchased using funds related to copyrighted materials. This marks the largest bitcoin seizure by German law enforcement, as stated in a police announcement. Two individuals,…
in a recent cyber heist: a hacker got away with over 1 million dollars from the levana protocol, underscoring the security hurdles in the cryptocurrency world. further details are shown below. summary Addressing security challenges in crypto protocols The Levana protocol breach Catalyx exchange also impacted by security breach investigation initiated Brief overview of the…
Cryptocurrency analyst Muro foresees a potential surge for Dogecoin (DOGE/USD), predicting a 6% increase in value. Currently trading at $0.078, Muro’s target price for DOGE is $0.083. Expressing optimism, the analyst shared their sentiment on X, stating, “Kinda have the feeling that the DOGE is gonna pop.” Over the weekend, Dogecoin saw a 10% rise…
summary Binance will enable larger traders to store assets with independent banks such as Sygnum and Flow Bank. After US regulators imposed a $4.3 billion fine on Binance, there was a change in how customer assets were held. The recent $40 million funding injection received by Sygnum Bank enhances its ability to attract a wider…
Main Points On January 29, the Fidelity Bitcoin ETF garnered $208 million in daily inflows, surpassing Grayscale’s GBTC for the first time since its launch. Reduced fees in the U.S. ETF market could be incentivizing traders to transition from European ETFs. Invesco and WisdomTree have recently lowered fees on their European-based Bitcoin ETFs. BlackRock’s IBIT…
Ethereum’s price surged past the $2,280 resistance level, suggesting potential bullish momentum if it successfully surpasses the $2,330 resistance barrier. Ethereum initiated a notable rise above the $2,250 resistance area. The price is currently above both $2,280 and the 100-hourly Simple Moving Average. On the ETH/USD hourly chart sourced from Kraken, a breakout occurred above…
Rachel Bousfield, Offchain Labs’ tech lead, clarifies misconceptions surrounding the effectiveness of parallel EVMs. Parallelizing the Ethereum Virtual Machine (EVM) has garnered attention in the cryptocurrency space recently. This approach aims to boost transaction throughput and blockchain scalability by processing multiple transactions simultaneously, rather than sequentially. However, Rachel Bousfield, Offchain Labs’ tech lead, suggests that…
The introduction of a multi-chain wallet by Magic Eden, a leading NFT marketplace, signifies a significant milestone. This innovative tool is crafted to accommodate various prominent blockchains such as Solana, Bitcoin, Polygon, and Ethereum. The launch represents a crucial step in Magic Eden’s continuous expansion and diversification within the digital asset realm. Improving the user…
summary In the past year, BONK, a memecoin built on Solana, has surged by 1,011%, surpassing SHIB and DOGE in certain metrics The coin’s Relative Strength Index is under 50, indicating buyer disinterest, but one whale still holds $3.6 million in BONK coins. Recent data suggests that SHIB whales are accumulating coins in anticipation of…
