Tag: Crypto

  • Bybit Confirms Hack as Over $1.4 Billion Worth of ETH Stolen

    Bybit Confirms Hack as Over $1.4 Billion Worth of ETH Stolen

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    Issac Lane

    Singapore-Based Crypto Exchange Suffers Major Security Breach Bybit, the Singapore-based centralised cryptocurrency exchange, has confirmed that it has been hacked, with early estimates indicating losses exceeding $1.4 billion worth of Ethereum (ETH) and other significant token quantities. The exchange’s CEO, Ben Zhou, revealed the breach on social media platform X, stating that the situation remains…

  • Solana Sees 40% Decline in User Activity as Memecoin Scams Erode Trust

    Solana Sees 40% Decline in User Activity as Memecoin Scams Erode Trust

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    Issac Lane

    Capital Outflows Shift to Ethereum and Arbitrum Solana has experienced a significant decline in user activity, with a 40% drop in active addresses amid increasing scams and rug pulls in its memecoin sector. The resulting loss of confidence is driving capital outflows to competing blockchains such as Ethereum and Arbitrum. However, analysts suggest that this…

  • XRP Price Surges Following Approval of Spot ETF in Brazil

    XRP Price Surges Following Approval of Spot ETF in Brazil

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    Issac Lane

    XRP Outperforms Broader Crypto Market XRP has recorded a notable rally, gaining 5% in the past 24 hours to trade above $2.67, outperforming the broader cryptocurrency market. In comparison, the global crypto market capitalisation has seen a modest 1.6% increase, reaching $3.23 trillion. The surge in XRP’s price follows a landmark decision by Brazil’s securities…

  • Crypto Firms Rally Behind Ted Cruz to Block DeFi Broker Rule

    Crypto Firms Rally Behind Ted Cruz to Block DeFi Broker Rule

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    Issac Lane

    Blockchain Industry Urges Congress to Repeal IRS Regulation The Blockchain Association, representing 76 cryptocurrency firms, has urged Congress to support Senator Ted Cruz in repealing the Internal Revenue Service’s (IRS) decentralized finance (DeFi) broker rule. The association argues that the rule threatens US crypto innovation and places an undue burden on blockchain companies. On 19…

  • XRP Price Faces Uncertainty Amid Bearish Signals

    XRP Price Faces Uncertainty Amid Bearish Signals

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    Issac Lane

    XRP Bulls Aim to Reclaim Key Support Level XRP’s price has experienced a significant decline from its recent high of $2.83 on 15 February, breaking below key support levels and raising concerns among traders about further downturns. The altcoin has now lost the crucial 50-day simple moving average (SMA) for the second time in two…

  • Bitcoin Prints a Bullish Hammer: Is It Better to Buy Now or Hold Off?

    Bitcoin Prints a Bullish Hammer: Is It Better to Buy Now or Hold Off?

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    V Sinclair

    Bitcoin—BTC, bounced back to $95,500 on Tuesday after falling below $90,000 the day before. The dramatic drop caused over $734 million in liquidations, shaking the confidence of many traders. A bullish hammer on the chart signals potential recovery, but the risk of further volatility remains. With major macroeconomic events ahead, the market could face more…

  • Market Dynamics Are Affected by Trump’s Tariff Plans

    Market Dynamics Are Affected by Trump’s Tariff Plans

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    V Sinclair

    In a bold move, President Donald Trump is considering declaring a national economic emergency to roll out a comprehensive tariff regime targeting both allies and adversaries. This initiative, potentially enacted under the International Economic Emergency Powers Act (IEEPA), seeks to alter global trade dynamics significantly. What Motivates Trump’s Tariff Approach? Reports indicate that Trump’s intention…

  • Crypto Markets Brace for Volatility Amid Key Events This Week

    Crypto Markets Brace for Volatility Amid Key Events This Week

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    Oscar

    Bitcoin’s price action has remained lackluster, but this week’s macroeconomic events could provide the jolt traders have been waiting for. From FTX creditor payouts to a high-profile Trump-Musk interview, here’s what could move the crypto markets. FTX Payouts: Will It Boost Crypto? FTX, once the world’s third-largest crypto exchange, is beginning its first round of…

  • Bitcoin Options Traders Bet on $110K as Market Stagnates

    Bitcoin Options Traders Bet on $110K as Market Stagnates

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    Oscar

    Bitcoin (BTC) has been largely inactive this month, hovering below the psychological $100,000 mark. However, this hasn’t stopped traders from betting on a breakout. The most popular options trade for February has been the purchase of BTC $110,000 call options expiring on March 28, with traders spending over $6 million in cumulative net premiums, according…

  • XRP Price Forms ‘Cup-and-Handle’ Pattern, Signalling Potential 25% Gains

    XRP Price Forms ‘Cup-and-Handle’ Pattern, Signalling Potential 25% Gains

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    Issac Lane

    Technical Chart Suggests a Bullish Breakout Toward $3.40 XRP’s latest market movement has formed a classic cup-and-handle pattern on its four-hour price chart, a bullish indicator that could drive the price above $3.00. As exchange outflows increase, reducing selling pressure, traders anticipate a sustained recovery in XRP’s value. Exchange Outflows Strengthen Bullish Sentiment The XRP/USD…