In A Nutshell The cryptocurrency sector continues to grapple with security breaches, especially within centralized finance (CeFi) entities, which have emerged as prime targets for cybercriminals. A staggering 70% of funds stolen via crypto hacks are attributed to attacks on CeFi platforms, as revealed by Cyvers, a Web3 security firm. This unsettling trend underscores the…
In A Nutshell The digital currency, Shiba Inu (SHIB), is showing signs of a potential bullish breakout that could see its value doubling. A combination of a soaring burn rate and increasing market interest sets the stage for this optimistic forecast. Technical analysis and market dynamics suggest that if specific conditions are met, SHIB’s price…
In A Nutshell Recent analysis reveals a potential 163% rally for Polygon’s native cryptocurrency, MATIC, backed by a notable increase in whale transactions and a double-bottom formation on its price chart. Amidst a broader context of technological upgrades and regulatory shifts, this piece delves into the technical and market indicators suggesting a bullish horizon for…
In A Nutshell A significant movement of Bitcoin, valued at approximately $3 billion, was executed from a wallet associated with the now-defunct Mt. Gox exchange to three unidentified wallets. Despite the substantial sum transferred, the Bitcoin market exhibited minimal reaction, with price fluctuations remaining relatively stable within the $65,000 to $66,000 range. This event has…
In A Nutshell The imminent verdict in the legal tussle between Ripple and the SEC has caught the attention of the cryptocurrency world. With the potential to significantly influence not only Ripple’s future but also the fate of its associated cryptocurrency, XRP, stakeholders are bracing for the impact. The outcome, expected to be delivered by…
In A Nutshell The Bitcoin market is currently exhibiting signs of strong investor confidence, as indicated by the crypto fear and greed index transitioning into ‘greed’ mode. Despite a slight price dip in the last 48 hours, the overall sentiment towards Bitcoin remains overwhelmingly positive. This shift is underscored by a noteworthy increase in the…
In A Nutshell The cryptocurrency world is currently witnessing a significant surge in the value of dogwifhat (WIF), a Solana-based memecoin. Over the last month, WIF’s price increased by 35.5%, moving from $2.18 to $2.59. This rally has elevated the market cap from $1.57 billion to $2.49 billion. Analysts and crypto enthusiasts are closely monitoring…
In A Nutshell Cardano (ADA) has showcased a bearish market trend after its recent descent below the $0.4 mark, stirring concerns and anticipation among investors. Despite facing a downward pressure, speculations arise about the asset’s potential to reach a $0.5 valuation within the forthcoming weeks. A closer examination of ADA’s liquidity pools and price actions…
In A Nutshell Coinbase’s UK operation, CB Payments Limited (CBPL), has incurred a fine of $4.5 million by Britain’s Financial Conduct Authority (FCA) for non-compliance with a previously agreed voluntary agreement preventing the onboarding of ‘high-risk’ customers. Despite this agreement, Coinbase onboarded 13,416 individuals deemed ‘high-risk,’ violating the terms and raising concerns over potential money…
In A Nutshell On July 24, 2024, the decentralized exchange and staking platform, MonoSwap, reported a significant security breach. This event marks a concerning moment for the platform and its users, as it led MonoSwap to advise against any further deposits or staking actions and urged for the immediate withdrawal of any staked assets. The…