Browsing: Market News

Ethereum’s whales fuel speculation of a bullish surge as they engage in aggressive accumulation, coinciding with notable network advancements in the cryptocurrency realm. In a recent development in the world of cryptocurrencies, Ethereum (ETH) whales have embarked on an aggressive accumulation strategy, sparking speculation among analysts about a potential bullish trend for the second-largest cryptocurrency. Unprecedented Nine-Day ETH Accumulation Sparks Bullish Signals, Says Analyst Ali Crypto analyst Ali has identified a significant surge in token accumulation among Ethereum whales, noting that these large holders have been consistently accumulating ETH for nine consecutive days. This marks the first time such a…

Stars Arena recovers 90% of stolen crypto after October exploits, rewarding hacker with a 10% bounty Recently, the Web3 social media platform has managed to reclaim a substantial portion of the cryptocurrency stolen in an October 7th exploit. The platform confirmed that nearly 90% of the 266,000 Avalanche (AVAX) tokens, valued at approximately $3 million at the time, have been returned. This significant recovery comes in exchange for a 10% bounty offered to the person responsible for the breach. In an announcement via X today, Stars Arena revealed that they had agreed with the exploit’s orchestrator, offering them a 27,610-AVAX…

Bitcoin maximalist Max Keiser criticizes DeFi after ThorSwap suspends operations due to FTX hacker, highlighting concerns about DeFi’s vulnerability. In a recent turn of events, prominent Bitcoin maximalist Max Keiser has voiced his concerns about the decentralized finance (DeFi) sector following the suspension of operations by ThorSwap. The DeFi platform decided to halt its activities in response to an attempt by the FTX hacker to convert stolen Ethereum (ETH) through its platform. The FTX exchange fell victim to a hacker last November, resulting in the theft of millions of dollars worth of cryptocurrencies. The thief then managed to convert a…

Discover how Stars Arena disrupts the socialFi space and takes on Elon Musk’s X in the Avalanche network. Explore their journey of resilience and innovation as they challenge the status quo in this exciting crypto showdown. In the ever-evolving landscape of the crypto asset industry, a new player has entered the ring, challenging the dominance of traditional social engagement platforms. Stars Arena, a socialFi platform built on the Avalanche network, is making waves with its unique approach to rewarding social engagement, despite a recent setback involving a network attack that resulted in the theft of approximately $3 million in users’…

El Salvador’s “Lavapool” raises the El Salvador flag globally for sustainable cryptocurrency mining with volcanic energy, setting a pioneering example in renewable energy and blockchain technology. In a groundbreaking move that fuses sustainability and cutting-edge blockchain technology, El Salvador has unveiled its first-of-its-kind Bitcoin mining pool, “Lavapool,” powered by renewable volcanic energy. The announcement was made on October 4th by project operator Volcano Energy, marking a significant milestone in the country’s cryptocurrency journey. El Salvador’s Ambitious “Volcano Energy” Project With El Salvador recently adopting Bitcoin as an official currency, the nation is once again at the forefront of the crypto…

Discover how Australian lawyer Bill Morgan’s humorous take on XRP price predictions stirred up the crypto community, sparking both laughter and thoughtful contemplation. Cryptocurrency enthusiasts received an unexpected dose of humor recently when Australian lawyer Bill Morgan took to Twitter to share his lighthearted perspective on XRP’s price predictions. His playful approach, which invoked the famous Howey Test, sparked a lively debate, reminding the crypto community of the speculative nature that often defines digital asset markets. The Howey Test Meets A Punchline In a tweet that had the crypto world buzzing, Bill Morgan humorously referred to himself as the “quintessential…

Circle teams up with Mercado Pago, offering USDC payments to Chilean customers, enhancing secure and convenient digital transactions through their strategic partnership. In a significant move toward expanding the global adoption of USD Coin (USDC), the stablecoin pioneer Circle has entered into a groundbreaking partnership with Mercado Pago, a prominent fintech player within the Latin American (LATAM) region. Mercado Pago, a subsidiary of the retail giant Mercado Libre, has earned a reputation as the “Amazon of LATAM” with a staggering user base of 200 million. Circle CEO Reveals USDC Payment Option For Chilean Customers Via Mercado Pago The announcement, made…

Grayscale’s victory over the US SEC rejuvenates Ethereum’s market, driving prices to a 7-day peak. Investor confidence grows as Ethereum targets $1,800, backed by bullish indicators. In a significant turn of events, Grayscale’s recent triumph over the US Securities and Exchange Commission (SEC) has breathed new life into the Ethereum (ETH) market, propelling the digital asset to reach a remarkable 7-day high. As investors’ optimism swells, Ethereum aims for the $1,800 mark, riding high on the tailwinds of bullish signals. Grayscale’s Decisive Victory And ETH’s Impressive Rally The verdict on August 29 marked a decisive victory for Grayscale against the…

HashKey’s recent offerings are sparking optimism for a rebound in the prices of Bitcoin and Ethereum, breathing fresh hope into the cryptocurrency market. In a groundbreaking maneuver that holds the potential to reshape the cryptocurrency landscape, HashKey, a well-known crypto exchange headquartered in Hong Kong, has revealed plans to introduce BTC/USD and ETH/USD trading pairs, catering to both retail and professional investors. This strategic move is geared towards broadening access to digital assets and revitalizing the cryptocurrency sector, which has been wrestling with an extended bearish trend. HashKey Exchange Expands Trading Avenues To Enhance Inclusivity HashKey Exchange’s official blog post…

The cryptocurrency arena is abuzz with the unveiling of Pikamoon (PIKA), a new project poised to revolutionize the market and surpass even top contenders like TRX and UNI. In this report, we delve into the innovative features propelling PIKA’s potential dominance, its impact on existing coins, and the enticing opportunities it presents for investors. TRON (TRX) Partners with DWF Labs, Yet Market Sentiment Remains Muted TRX has faced substantial sell-off pressure recently, leading to a sharp decline in its market value. Currently trading at $0.0695, TRON has seen a 10% drop in the past week. In an effort to bolster…