Author: Reza Ali
Ethereum’s whales maintain unwavering commitment, consistently adding to their holdings during price drops In a surprising twist, Ethereum (ETH), the global crypto leader, faced formidable selling pressure at $1,750. Currently, ETH is down 1.73% to $1,560, with a $187 billion market cap. Despite this bearish episode, on-chain data highlights Ethereum’s whale addresses amassing an incredible 40 million ETH, reinforcing their faith in its long-term prospects. Santiment, a reputable on-chain data provider, disclosed that the wealthiest Ethereum whales on and off exchanges augment their holdings, even as the overall market value hovers slightly above $1,570. Approximately 8.51% of Ethereum ($ETH) resides…
Friend.tech reinforces security against SIM-swap attacks; users now use an extra password for protection amid a wave of cyber threats The decentralized social media platform Friend.tech has unveiled a new security enhancement to fortify its defenses against a wave of SIM-swap attacks plaguing its user base. Announced in a post on X (formerly Twitter), the development seeks to safeguard users from falling victim to these malicious exploits. The pivotal modification requires Friend.tech users to enter an extra password during the login process from a new device, significantly enhancing the barriers against potential cyber adversaries and bolstering the platform’s overall security…
Bitcoin leads with over 50% dominance, asserting its safety, while Ethereum and altcoins encounter hurdles in a volatile market In a world of fluctuating cryptocurrencies, Bitcoin (BTC) stands strong, weathering the storm of market volatility. Ethereum and other altcoins struggle to maintain their positions; Bitcoin’s dominance skyrockets, exceeding 50% from its 38% position at the outset of 2023, showcasing its enduring strength in the crypto arena. Bitcoin’s remarkable resilience and outperformance compared to alternative cryptocurrencies have once again reinforced its historical reputation as a haven asset. Some experts even view it as a valuable diversification option for traditional market investments.…
Forbes Foresees $8 Trillion Crypto Surge Amid Looming USD Collapse, Posing Challenge to Gold as Digital Assets Take Center Stage In a groundbreaking report from the reputable digital media source Forbes, a forecast of an $8 trillion surge amid a potential U.S. dollar collapse has been unveiled. This revelation is expected to ignite a ‘pivotal’ surge in Bitcoin, Ethereum, XRP, and the broader crypto market, presenting a formidable challenge to gold. The event marks a seismic shift that promises to redefine the landscape of digital assets, encompassing XRP, Bitcoin, and Ethereum. Chad Steingraber, a luminary in the XRP community and…
Ripple’s Legal Chief Challenges SEC Chairman, Sparks Crypto Debate on Asset Classification and Regulation in Congress In the ever-evolving cryptocurrency landscape, Stuart Alderoty, General Counsel for Ripple, expressed significant apprehensions on X (formerly Twitter) regarding what he sees as a misleading narrative from the Chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler. This dispute revolves around Gensler’s upcoming appearance before Congress to discuss cryptocurrencies. Alderoty is pushing back against Gensler’s early statements, which strongly paint crypto assets as securities. He accuses Gensler of possibly having ulterior motives to mislead Congress. To bolster his argument, Alderoty points to…
A recent cryptocurrency hack dealing HTX global, an $8 Million blow, draws attention with unconventional response to security concerns. In a startling turn of events, HTX Global, a prominent figure in the cryptocurrency space, has fallen victim to a hacker’s attack. This breach, occurring on September 24, 2023, has resulted in the loss of a significant 5,000 Ethereum (ETH), equivalent to a staggering $8 million, sending shockwaves through the digital currency community. The incident has raised concerns about the overall security measures across blockchain platforms. Founder of Tron (TRX), H.E. Justin Sun, took to Twitter to confirm the hack and…
Friend.tech’s user guide, Tokenize your influence, explore key trading, and unlock the future of decentralized social networking with ease In the ever-changing realm of cryptocurrency and blockchain, Friend.tech is reshaping social media. As a decentralized app running on Base, it’s revolutionizing how creators interact, tokenizing their impact and enabling users to trade for exclusive privileges. In this article, we’ll guide you through starting your journey with a comprehensive Friend.tech user guide, offering a glimpse into the future of social networking. Friend.tech: Tokenizing Social Media Influence Cryptocurrency enthusiasts are excited over Friend.tech, the innovative social media platform built on the Base…
Bitcoin’s Resilience Amid Legal Triumphs and Institutional Interest Spurs Fresh Trading Activity, Posing a Question on Macroeconomic Impact In a month marked by sideways movement, Bitcoin (BTC) has displayed remarkable resilience, buoyed by key developments, including the victory of Grayscale in its lawsuit against the U.S. Securities and Exchange Commission (SEC) regarding the transformation of the Grayscale BTC Trust into a spot Bitcoin ETF. Recent data from Glassnode reveals an intriguing trend in the Bitcoin market. The amount of supply that has remained dormant for the past 6 months to 1 year, as indicated by a 1-day moving average, has…
ZachRector reveals three pivotal events for XRP, with the potential to reshape its future in the crypto landscape ZachRector, a notable figure in the XRP community, highlighted three significant events in a recent tweet. These events can transform XRP’s trajectory, potentially reshaping its future in the digital currency landscape. This insight carries weight in the crypto sphere. Firstly, Judge Torres’ decision to deny the SEC’s appeal is poised to affect Ripple’s standing profoundly. This legal development clears a significant hurdle for Ripple, the parent company of XRP, potentially reshaping the cryptocurrency’s regulatory landscape. Additionally, the anticipated integration of ODL (On-Demand…
Bitcoin’s 2% surge brings relief but raises ‘sell-the-rise’ concerns with rising exchange deposits; support levels and historical trends noted In a surprising turn of events, Bitcoin (BTC), the world’s largest cryptocurrency, experienced a 2% price jump over the last 24 hours, bringing its trading price to $26,332 and its market capitalization to a whopping $512 billion. This surge comes as a welcome relief for BTC, which has been under constant selling pressure in recent weeks. However, the sudden price increase has raised concerns about a potential “sell-the-rise” opportunity, particularly in light of the notable surge in exchange deposits. On-chain data…