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Monthly archives: January 2024
Crypto phishing scams net $300 million from unsuspecting investors in 2023
Phishing scams stole around $300 million worth of cryptocurrencies from 320,000 investors in 2023, according to the yearly report from web3 security firm Scam Sniffer. Phishing scams are one of the most common means of attack against the emerging industry and have resulted in the loss of millions of funds. In one incident, these scammers …
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Bitcoin’s buying power bolstered by stablecoin market movements
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Ethereum-Based Altcoin Plummets Nearly 78% After Team Deposits Into Coinbase: On-Chain Data
An Ethereum (ETH)-based altcoin collapsed in value after the project’s team members moved thousands of tokens to the crypto exchange Coinbase, according to on-chain data. The blockchain data tracker Lookonchain says that the decentralized oracle protocol Tellor Tributes (TRB) went on a parabolic rally before a sudden massive correction, causing the liquidation of tens of …
Here Are Five ‘Contrarian’ Predictions for 2024, Including One on AI Altcoins: Crypto Analyst
A popular crypto analyst is laying out a slew of “contrarian” predictions for the digital asset sector in 2024. The pseudonymous trader known as Altcoin Psycho tells his 490,400 followers on the social media platform X that he thinks part of the Ethereum (ETH) community will turn on the project’s famous founder, Vitalik Buterin. However, …
2024 Will Be ‘Incredibly Powerful’ for Crypto, Says Morgan Creek’s Mark Yusko – Here’s Why
Morgan Creek Capital founder and CEO Mark Yusko is saying that the crypto industry faces positive prospects in 2024. In a new interview on The Dales Report, Yusko says that 2024 is “going to be an incredibly powerful” year for crypto, aided by the alignment of various factors. “That’s kind of what we have coming …
Countdown to Dencun Upgrade: Will Ethereum Price’s Rally?
Ethereum is in the spotlight as its Dencun upgrade inches close. Will Ethereum break above $3,000? According to Ethereum Foundation Protocol Support Tim Beiko, Ethereum’s next upgrade, Dencun, will be released on January 18. Dencun is set to launch on the Goerli testnet first, with later deployments on the Sepolia and Holesky testnets on January …
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Ping Exchange debuts with unique CorePass ID authentication and native crypto trading
Ping Exchange has initiated trading operations, marking a significant evolution for Core Blockchain following the simultaneous launch of CorePass ID for user authentication. A new entrant in the crypto trading landscape, Ping Exchange recently commenced trading on Jan. 1 with a unique feature: the integration of CorePass ID for user authentication. This system leverages the …
Bitcoin’s early 2024 rally stokes anticipation for potential ETF green light
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Bitcoin price could hit $50,000 by weekend, Matrixport says
Bitcoin’s price could exceed $50,000 as early as the end of this week because of the prevailing bullish sentiments surrounding the market, according to a Jan. 2 note to investors by digital asset management firm Matrixport. The anticipated approval for a spot Bitcoin exchange-traded fund (ETF) in the U.S., alongside the escalating rate of institutional …
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Orbit Chain confirms hack estimated at $81M
Orbit Chain, a cross-chain platform, announced in an X message on Jan. 1 that it suffered an attack on the previous day. The project wrote that it confirmed “unidentified access” to its bridge platform late on Dec. 31. Orbit Chain said it is engaging with international law enforcement. It said it is working with the …
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Top Analyst Predicts Leg Up for Bitcoin, Says No Reason To Expect Lower BTC Prices Until This Level Is Lost
A crypto strategist who nailed the bottom of Bitcoin’s 2018 bear market believes that BTC is setting up for another rally. Pseudonymous trader Bluntz tells his 234,200 followers on the social media platform X that Bitcoin appears to be consolidating within a triangle pattern on the daily chart. The trader shares a chart that shows …
U.S. chief justice says AI will transform legal system, but won’t replace lawyers
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Bitcoin developer Jimmy Song likens Ordinals to pump and dump altcoin scams
Bitcoin developer Jimmy Song, known for his maximalist views, expressed skepticism toward the Ordinals protocol, likening it to a run-of-the-mill altcoin scam. Song’s comments come amid growing discussions in the Bitcoin community about the Ordinals protocol, which was introduced in early 2023 and has since sparked debate over its impact on the Bitcoin network. Leveraging …
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Trader Predicts Breakout Rally for Decentralized Exchange Crypto, Says Altcoin Looks Very Strong
A crypto strategist believes that one altcoin that’s flying under the radar is gearing up for a big breakout surge. Pseudonymous analyst The Crypto Dog tells his 755,600 followers on the social media platform X that the native asset of the decentralized exchange (DEX) GMX (GMX) is forming a huge bullish pattern on the weekly …