Bitcoin’s tight consolidation near $25,000 suggests that bulls are holding on to their positions in anticipation of a breakout to a new 2023 high. Author: Rakesh Upadhyay Source link
Blockchain.com’s founder and CEO, Peter Smith, believes that on-chain analytics will play a significant role in locating the billions in missing FTX customer funds, though it will have its limitations. On Dec. 20, Fox Business host Liz Claman said that blockchain’s selling point was that it makes crypto transactions transparent and traceable, and asked Smith what could be traced in the case of FTX’s missing customer funds. Smith said that blockchain sleuths have already done a fair bit of work in chasing the money trail, adding that it could in…
Equities markets have extended their decline, but Bitcoin and select altcoins have not given up much ground, leading some traders to believe that the bottom is in. Author: Rakesh Upadhyay Source link
Tl;dr: In this piece we share critical lessons about the nature of the Celer Bridge compromise, attacker on-chain and off-chain techniques and tactics during the incident, as well as security tips for similar projects and users. Building a better crypto ecosystem means building a better, more equitable future for us all. That’s why we are investing in the larger community to make sure anyone who wants to participate in the cryptoeconomy can do so in a secure way. While the Celer bridge compromise does not directly affect Coinbase, we strongly…
Chainalysis has introduced its new, Web3-native blockchain analysis tool called the Chainalysis Storyline, aiming to visualise smart contract extensions, as per a Chainalysis blog. As per the blog, decentralised finance (DeFi) and NFTs are two of the fastest-growing areas of cryptocurrency, with nearly half of crypto transactions involving a DeFi entity or an NFT or related types of smart contracts. Insights from the blog stated that over the course of 2021, hackers majorly targeted DeFi protocols for stealing cryptocurrency. DeFi protocols accounted for a growing share of all funds stolen…
BTC and many altcoins are fast approaching the “capitulation phase”, which is typically followed by the market finding a bottom. Author: Rakesh Upadhyay Source link
BTC and select altcoins could be gearing up for an oversold move, but traders beware, it’s likely to be a dead cat bounce. Author: Rakesh Upadhyay Source link
The brief Dogecoin (DOGE) price rally last week following Tesla CEO Elon Musk’s bid to buy Twitter appears to be fizzling out as DOGE closes the week over 8%. DOGE’s price dropped to $0.142 on April 17, three days after peaking out locally at $0.149. The Dogecoin correction, albeit modest, raised its potential to trigger a classic bearish reversal pattern with an 85% success rate of reaching its downside target. DOGE price eyes drop under $0.10 Dubbed head and shoulders (H&S), the pattern appears when the price forms three peaks in…
2020 was a record year for ransomware payments ($692 million), and 2021 will probably be higher when all the data is in, Chainalysis recently reported. Moreover, with the outbreak of the Ukraine-Russia war, ransomware’s use as a geopolitical tool — not just a money grab — is expected to grow as well. But, a new U.S. law could stem this rising extortionist tide. United States President Joe Biden recently signed into law the Strengthening American Cybersecurity Act, or the Peters bill, requiring infrastructure firms to report to the government substantial…
Select altcoins are outperforming the market despite Bitcoin struggling to sustain the higher levels. Author: Cointelegraph By Rakesh Upadhyay Source link