Bitcoin, the pioneer and most valuable cryptocurrency, experienced a tumultuous journey in recent days. It reached a peak of $44,700, the highest in 19 months, only to retrace back to $44,000 for the rest of the weekend. The beginning of the week brought further negativity as the price plummeted to under $41,000. Tuesday was no
Crypto
Cryptocurrency enthusiasts and economists often debate the impact of inscriptions, particularly BRC-20 tokens, on regular Bitcoin (BTC) transfers. Critics argue that these inscriptions amount to a denial of service attack on the Bitcoin network, but on-chain analysis suggests otherwise. In this article, we delve into the data to debunk the misconceptions surrounding inscriptions and their
The world of cryptocurrency has long been plagued by various scam tactics, and a new method called “Approval Phishing” is starting to gain prominence. Traditionally, scammers have targeted victims by distributing fraudulent crypto apps. However, in recent years, a group of fraudsters known as pig butchering scammers have successfully integrated approval phishing into their strategies.
Bitcoin, the leading cryptocurrency, has had its fair share of ups and downs in recent days. After hovering below the $41,000 mark and experiencing a dip in prices, the bulls have resurfaced, propelling Bitcoin past the $43,000 threshold. This resurgence is not limited to Bitcoin alone; altcoins like ADA, DOT, SHIB, AVAX, and SOL are
In recent discussions among crypto industry experts, Tether has emerged as a potential contender to become the world’s dominant dollar-pegged central bank digital currency. This topic gained attention after Cantor Fitzgerald CEO, Howard Lutnick, expressed his admiration for Tether on CNBC. Lutnick revealed that he holds significant amounts of Tether’s treasuries, which currently exceed $90
Coinbase Global Inc. has recently announced its plans to expand its services by introducing spot crypto trading on its international exchange. This move is part of Coinbase’s global expansion strategy, aimed at catering to users who may have reservations about U.S.-based platforms. The company believes that the addition of spot markets will offer a seamless
Bitcoin and the overall cryptocurrency market are facing a challenging time as they struggle to recover from a recent market decline. Despite briefly reaching a high of $44,700, the primary cryptocurrency has been unable to sustain its momentum and is now trading around $41,000. The bears have made their presence known, causing Bitcoin to experience
In a recent announcement by the National Vulnerability Database (NVD), a critical vulnerability in Bitcoin’s inscriptions has been identified, posing potential risks to the Ordinals Protocol developed in 2022. This vulnerability has raised concerns within the cybersecurity community, as it allows data to be disguised as code in specific versions of Bitcoin Core and Bitcoin
The upcoming Bitcoin (BTC) halving, scheduled to take place in just five months, has sparked anticipation among investors. Speculation is rife about whether this event will trigger another epic bull market, similar to those witnessed in the past. Mitchell Askew, the Head Analyst for Blockware Solutions, is particularly optimistic. His theory goes against conventional wisdom,