The hack on Compound Finance's website underscores the critical need for heightened cybersecurity measures and user vigilance in the crypto space.
The post Compound Finance confirms hack, warns users of phishing from website appeared first on Crypto Briefing.
Amidst ongoing broader efforts to align the cryptocurrency space with the White House policies, Ripple Chief Executive Officer (CEO) Brad Garlinghouse has publicly criticized the United States Securities and Exchange Commission (SEC) chairman Gary Gensler, underscoring the tensions between the digital asset industry and government regulators. Garlinghouse’s critique centers on what he sees as SEC […]
The post Major Crypto Events Lined Up In Japan appeared first on Coinpedia Fintech News
Japan is about to have its busiest cryptocurrency month with various events lined up from July 24 to August 29, where global Web3 practitioners will gather in the country. On July 24th is the Tokyo Blockchain Leaders Summit 2024 hosted by Hashed. Other events include the EDCON Ethereum Development Conference and ETH Tokyo Conference with …
The post German Government Offloads Another 1125 BTC To Exchanges appeared first on Coinpedia Fintech News
On July 11th, the German government offloaded 375 BTC, valued at $21.77 million, each to Coinbase, Kraken, and Bitstamp. At the same time, it transferred another 1250 BTC to various addresses. The government’s reserve now holds 13,177 BTC with an estimated market value of $765.94 million, which marks a substantial decline from the reported 50,000 …
DeFi platform Compound Finance has suffered a significant security breach that has affected its official website. The protocol’s domain has been hijacked and is currently hosting a phishing site, posing a severe user risk. Per Compound Labs’ official X account, the company issued an urgent warning at 10:15 A.M. on July 11, stating, “The Compound […]
The post Compound Finance confirms website hack redirecting users to phishing site appeared first on CryptoSlate.
The post Will XRP Price Surge by 3,860% to Hit $17? Exploring Key Catalysts appeared first on Coinpedia Fintech News
The current regulatory environment has created uncertainty for Ripple and the broader crypto market. According to the expert Cheeky Crypto, significant capital inflows into XRP are creating a golden opportunity for investors. But what is driving this sudden surge, and is it a fleeting moment or a sign of a major comeback for XRP? He …
The post XRP Army Gearing Up After a Major Debacle: A 10% Rise is Imminent Before the Weekend! appeared first on Coinpedia Fintech News
The markets are gearing up as Bitcoin has again made it above $58,000 and buying volume remains elevated to some extent. While others are coping with the mounting bearish pressure XRP price has triggered a significant run towards the target at $0.5. While the token has faced multiple rejections before marking the range, an uninterrupted …
Bitcoin unrealized losses mount, but unlike previous market cycles, BTC hodlers underwater are keeping a lid on their emotions.
Former US President Donald Trump has been confirmed as a speaker at the upcoming 2024 Bitcoin Conference in Nashville, Tennessee, according to a July 10 statement. The event organizers told CryptoSlate that Trump is expected to deliver his speech on July 27, 2024, at 2 P.M. on the event’s main stage. The speech will be […]
The post Donald Trump to headline 2024 Bitcoin Conference appeared first on CryptoSlate.
The Argentina Football Association's ARG is the largest soccer fan token by trading volume, according to CoinMarketCap.
Email scams requesting cryptocurrency have been gaining popularity among criminals around the world.
Former US President Donald Trump has been confirmed as a keynote speaker at the upcoming Bitcoin 2024 Conference. Scheduled to take place from July 25-27 in Nashville, Tennessee, this announcement was made by Bitcoin Magazine, the organizer of what is recognized as the world’s largest Bitcoin conference. Trump To Speak At Bitcoin 2024 The organizers […]
Quick Take Bitcoin Exchange Traded Funds (ETFs) have continued their upward momentum, marking the fourth consecutive trading day of inflows. On July 10, these funds saw an inflow of $147.4 million, according to Farside data. This trend is noteworthy due to the broad participation, with eight out of ten ETF issuers experiencing inflows. Farside data […]
The post Bitcoin ETFs see strong inflows as eight out of ten issuers report gains appeared first on CryptoSlate.
The post Top undervalued altcoins To Record 10X surge in 2024! appeared first on Coinpedia Fintech News
With a constant rise in price volatility, the crypto market continues to record a mixed sentiment, the top tokens continue their struggle to hold their respective value above their crucial support levels. Whereas, mid-cap and low-cap tokens have experienced a significant uptrend. Scroll down as, in this article, we have covered the market sentiments, price …
The post Joe Biden’s Veto on Crypto Rule Delays House Vote – What’s Next? appeared first on Coinpedia Fintech News
The U.S. House of Representatives has postponed its vote on H.J. Res. 109, which seeks to override President Joe Biden’s veto of a key rule affecting the cryptocurrency industry. Initially set for 10:30 AM on Thursday, July 11th, the vote has been rescheduled due to the House’s need to address an unexpected and urgent debate …
The post Altcoins Like XRP And ADA Are Dead; Analyst Says Focus On These Coins appeared first on Coinpedia Fintech News
On Crypto Banter’s Dylan’s Trading Show, the analyst said that when trading altcoins, it is crucial to watch market dominance. Currently, dominance is trending down, which is positive for altcoins. This downward trend is characterized by lower highs, and a further decline to around 54% would be ideal. The perfect scenario involves a further drop …
Crypto investigator ZachXBT has warned users to avoid the Compound Finance website, which appears to have been hijacked and may be redirecting visitors to a phishing site.
BitMEX addresses the DOJ’s BSA charge as a past issue, highlighting their compliance improvements and founders’ prior penalties.
Polymarket bettors give a 90% chance that ether ETFs get approved by July 26.
In a forecast issued via X on Friday, Timothy Peterson, a respected network economist and prominent author in the field of crypto analytics, predicted a near-certain rise of the Bitcoin price in the upcoming 8 months. “There’s a 90% chance Bitcoin will reach a new ATH before March 2025,” Peterson proclaimed. Peterson, known for his works including “Metcalfe’s Law as a Model for Bitcoin’s Value,” bases his forecast on the analytical framework detailed in his research paper titled “Lowest Price Forward: Why Bitcoin’s Price is Never Looking Back.” This paper, first published in 2019 and subsequently revised, introduces an innovative approach to understanding the Bitcoin price trajectory by focusing on its historical lowest prices, referred to as the “Never Look Back Price” (NLB). This NLB marks the last instance Bitcoin was traded at a particular price point, after which it never declined to that level again. Related Reading: 8 Reasons Why The Bitcoin Bear Phase Is Just A ‘Boogeyman’: Fund Manager The methodology Peterson employs involves plotting these NLB data points on a lognormal scale adjusted by what he calls a “square root time” scale. This unconventional metric facilitates a deeper insight into the long-term growth patterns of Bitcoin, comparing them effectively with the diffusion processes observed in technology adoption across other domains. Bitcoin Adoption Is Key Central to Peterson’s analysis is Metcalfe’s Law, which he elaborates as “the value of the network is proportional to the square of the number of its users.” By applying this principle to Bitcoin, Peterson posits that as the digital currency’s user base expands, its intrinsic value is expected to increase exponentially. The paper details the use of a “square root time” model to align traditional time-value money concepts with the non-linear growth rates typical in network economics, presenting a compelling case for Bitcoin’s future valuation trajectories. Peterson’s approach notably incorporates elements of conservative financial analysis by emphasizing the lowest historical prices of Bitcoin. “By focusing on the lowest price, the analysis inherently adopts a conservative stance, underestimating rather than overestimating value,” Peterson notes, which helps in “minimizing the risk of overvaluation and ensures that predictions do not overly rely on optimistic scenarios which might not materialize.” Related Reading: Drake Loses Bitcoin Bet Following Canada’s Copa America Exit, ARG Fan Token Soars 40% In his paper, Peterson also addresses potential anomalies and market manipulations, which can distort price perceptions. By focusing on the NLB, the analysis filters out such distortions, offering a purer view of Bitcoin’s value appreciation unaffected by short-term speculative pressures or external shocks such as the COVID-induced market anomalies of 2021. The prediction of a new all-time high before March 2025 reflects a broader sentiment of confidence in the sustained growth of the Bitcoin network by Peterson. As adoption curves continue to rise and network effects further entrench the value of Bitcoin, the forecast is not merely speculative but grounded in quantifiable and observed historical trends. Peterson concludes, “As long as adoption continues, Bitcoin’s value — represented by its NLB price — will go up. If adoption is hindered, then the price will stagnate or drop.” At press time, BTC traded at $58,192. Featured image created with DALL·E, chart from TradingView.com
On Tuesday, Katherine Dowling, Chief Communications Officer (CCO) at Bitwise Asset Management, discussed the firm’s spot Ethereum ETF (exchange-traded fund) application and the possibility of new crypto-related products being approved by the US Securities and Exchange Commission (SEC). Related Reading: US Senate Suggests Exploring Blockchain Use To Enhance National Security Ethereum ETFs Close To Launch […]
The post Trump to Speak at the Bitcoin 2024 Conference in Nashville On July 27 appeared first on Coinpedia Fintech News
Former US President and current Republican presidential candidate Donald Trump will be addressing the Bitcoin 2024 conference in Nashville, Tennessee, from July 25 to 27. The announcement by the conference organizers has created significant excitement within the crypto community. Trump’s Crypto Campaign The Bitcoin 2024 conference, taking place from July 25 to 27, is one …
The post List Of Top Four Undervalued Altcoins Worth Looking Into appeared first on Coinpedia Fintech News
Given the current market conditions where the direction is still uncertain, it gets difficult to identify altcoins with maximum potential. However, despite this, there are several undervalued projects that are being unfairly dragged down by the overall market trends. Analyst Altcoin Buzz gave a list of four coins, worth looking into. Here’s the list: Coin …
The post Toomey Urges GOP to Block Anti-Crypto SEC Nominee Crenshaw! appeared first on Coinpedia Fintech News
Former Senator Pat Toomey has urged Republicans to stop the renomination of SEC Commissioner Caroline Crenshaw, a staunch opponent of crypto-friendly policies. Let’s understand whether this will be a positive or negative move. Toomey’s Call for Action In a recent X post, Toomey is all out to stop the Senate Banking Committee and the GOP …
OpenAI is partnering with Los Alamos National Laboratory, which conducts research in fields including national security, space exploration, renewable energy and medicine.
On-chain data shows the Shiba Inu whales have been making large outflows from exchanges recently, a sign that could be bullish for SHIB’s price. Large Shiba Inu Exchange Wallets Have Been Losing Supply Recently In a new post on X, the on-chain analytics firm Santiment has discussed the trend forming in the holdings of the […]
The post Ethereum Gaining Strength Against Bitcoin: The Biggest AltSeason Since 2017 Could Be on the Horizon appeared first on Coinpedia Fintech News
The crypto markets have become more volatile as the prices of the major tokens are not validating any specific price action. This change from displaying more strength in the first few days of the week seems to be, a fear as the weekend is approaching. Therefore, it appears that the markets are moving ahead to …
The post Top low-cap memecoins for massive surge this July! appeared first on Coinpedia Fintech News
The price volatility in the cryptocurrency market is on a constant rise with top crypto tokens constantly hovering close to their important support/resistance levels. Further, the market leader, Bitcoin price has failed to hold its value above the $58K mark, highlighting a strong bearish sentiment. However, low-cap memecoins have recorded a significant jump in their …
The post Will AAVE and UNI Prices Skyrocket 200% in 2024? appeared first on Coinpedia Fintech News
As the bullish trend in the crypto market regains momentum, the recent recovery brings a refreshing shift in the DeFi space. With the rising demand for AAVE and UNI for staking activities, these altcoin prices are ready for a trend reversal. Amidst Bitcoin struggling to hit $60K and Ethereum to sustain $3K, these altcoins are …
Increased prospects of Fed rate cuts could bode well for BTC's recovery.