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Twitter Account of Tom Holland Compromised, Used to Promote Fake Cryptocurrency and Spider-Man Scam
The X account of famous actor Tom Holland, which has over 7 million followers, was recently hacked. The attackers used his platform to promote a fake cryptocurrency and NFT scheme. Fake ‘Spiderverse’ Partnership with Binance The compromised account was used to announce a partnership with the global crypto exchange Binance, supposedly launching “Spiderverse” tokens. A…
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Ethena’s Market Cap Surpasses $2.3 Billion, However Risks Identified
Ethena is a synthetic dollar protocol on Ethereum that issues the stablecoin USDe. The asset aims to be a censorship-resistant and scalable form of digital money pegged to the US dollar. On April 16, on-chain analytics firm CryptoQuant took a deep dive into the Ethena ecosystem revealing risks with the latest stablecoin, which has seen…
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Stocks of Bitcoin mining companies decrease before halving event, but miners still hopeful
Bitcoin miners are experiencing a significant drop in stock prices as the upcoming halving is slated for later this week. The fourth Bitcoin halving, around April 20, will slash mining rewards by half to 3.125 BTC, currently valued at approximately $200,000. Bitcoin Miner Stocks Decline The stock prices of Marathon Digital (MARA) and Riot Blockchain (RIOT),…
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Bitcoin Likely to Begin Extended Re-Accumulation Phase after 18% Pullback
Bitcoin has now retreated 18% from its all-time high of $73,737 on March 14, tapping $60,000 during late trading on April 17. Corrections are a healthy part of market cycles, however, and analysts agree that this one may not be over yet despite the halving being just a couple of days away. On April 17,…
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Significant Updates on Ripple vs SEC Case, Bitcoin Price Decline, and More: Overview of Bits News on April 18
TL;DR Bitcoin (BTC) reached a record high of around $73,800 and then experienced a sharp correction to nearly $60,000. The upcoming halving on April 19 could trigger a bull run. Ripple is preparing for a trial against the US SEC on April 23, generating significant attention as updates are expected soon. Despite a recent 22%…
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Top Altcoins Suffer Biggest Losses as Bitcoin (BTC) Falls Below $60K (Market Analysis)
Bitcoin’s price took another sharp turn for the worse yesterday when it dropped below $60,000 for the first time in well over a month. Most altcoins are also deep in the red today, with names such as SOL, DOGE, and TON dumping by more than 5-6%. BTC’s Latest Nosedive It was less than a week…
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SHIB, DOGE, WIF Dive Amidst Widespread Market Drop
TL;DR The meme coin sector has seen a significant downturn, with its market cap shrinking by around 5% in the past 24 hours. Despite the downturn, the upcoming Bitcoin halving may trigger a rally, offering a potential rebound for meme coins due to their volatility and tendency to follow BTC’s price trends. The Meme Coin…
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This Bitcoin Halving Will be No Different: PlanB
Contrary to the general belief circulating in the crypto community, Bitcoin Stock-to-Flow (S2F) model creator and analyst PlanB thinks this halving will not be different from previous events. According to a tweet, PlanB insists that Bitcoin’s price increases will again be around the halving. This Halving Will Not be Different Over the past weeks, several…
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Should Investors Consider Buying Polkadot (DOT) Amidst the Recent Market Crash? Insights from a Trader
TL;DR Polkadot (DOT) has dropped 22% in value over the past week. Despite this, some traders look at it as an opportunity right now. Analysts predict a significant rebound for the asset, with potential targets ranging from $20 this summer to near $47 next year. The Right Moment to Invest in DOT? Polkadot’s native token…
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$1.72 Billion Worth of Bitcoin Transferred to Accumulation Addresses Following Drop Below $63,000: Data
A recurring pattern that has been observed during each Bitcoin halving is volatility. With the following event right around the corner, Bitcoin dumped over 10% in the past week, sliding to $62,778. But despite a series of price corrections, the accumulation game remains strong among Bitcoin holders. Accumulation Addresses See Record Bitcoin Inflows Popular crypto…