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Galxe replacing 110% of funds users lost in recent front-end hack, over $400K
10.10.2023
The platform was the victim of a phishing scam that routed users to a website that drained their wallets after they approved a transaction
Israeli Shekel Hits 7-Year Low Amid Conflict; Central Bank Launches $30B FX Intervention
10.10.2023
On Monday, as tensions escalated between Israel and Hamas militants from the recent weekend skirmishes, the Israeli shekel plummeted to its weakest level in seven years. Responding to the declining currency, the Bank of Israel unveiled a strategy to offload up to $30 billion in foreign exchange...
Bitcoin, Ethereum Technical Analysis: BTC Consolidates Below $28,000 Ahead of Key US Economic Reports
10.10.2023
Bitcoin consolidated recent losses on Tuesday, as focus shifts to Wednesday’s Federal Open Market Committee (FOMC) minutes. Traders will look for guidance from the report, to see the Fed’s stance on the economy, after opting to keep rates unchanged last month. Ethereum remains below...
Bank of Canada Study: CBDC Can Help Overcome Inclusion Issues
10.10.2023
A recent study conducted by the Bank of Canada delved into the role a central bank digital currency (CBDC) would play in improving financial inclusion, digital inclusion, and accessibility. The study concludes that while the Canadian financial ecosystem is inclusive, a CBDC might help tackle...
Bitcoin, Ethereum Technical Analysis: ETH, BTC Edge Lower as Mideast Tensions Rattle Markets
9.10.2023
Ethereum plunged below the $1,600 level to start the week, as global markets reacted to the escalating tensions in the Middle East. Crude oil prices rallied from a six-week low, climbing by over 4% overnight. Bitcoin gave up recent gains, as traders fled to more traditional safe-haven assets....
Crypto Exchange HTX Recovers $8 Million Lost to Hacker in Recent Security Breach
9.10.2023
HTX, the crypto exchange operated by Huobi Global, has successfully regained the funds that were stolen by a hacker in a security breach that occurred in late September.
After reseiving the funds, HTX also offered the hacker a 250 Ether bounty as a token of appreciation. ...
Read More: Crypto...
Chatgpt Maker Openai Mulling Own AI Chips, Report Unveils
9.10.2023
Openai, the developer of Chatgpt, is considering ways to overcome the shortage of chips needed to power its artificial intelligence (AI) product. One of the options that’s being discussed in the company, according to a recent media report, is to build its own powerful processor. Openai Reportedly...
$400 Million Bitcoin Options Expiry: Will It Impact the Recent Rally?
6.10.2023
As crypto markets remain relatively stagnant, attention is turning to the impact of a significant Bitcoin (BTC) options expiry event set to occur on October 6.
Approximately 14,000 Bitcoin options contracts, with a total notional value of around $400 million, are set to expire that day, though...
Biggest Movers: AVAX 7% Higher, TON Maintains Bullish Momentum on Friday
6.10.2023
Avalanche rose to a six-week high on Friday, after the token climbed above a key resistance level. The move saw price rise by as much as 7%, despite the global crypto market cap mostly in the red in today’s session. Toncoin remained higher, following recent gains. Avalanche (AVAX) Avalanche (AVAX)...
Biggest Movers: TON, ADA Rebound From Recent Points of Support
5.10.2023
Toncoin rebounded from a three-week low on Thursday, as the cryptocurrency collided with a key support point. The move comes despite the global crypto market mostly consolidating during today’s session. Cardano was another notable mover, rallying away from a support point of its own. Toncoin...
A Shot at Full Recovery? Amazon’s Billions to Anthropic Ignite Hopes for FTX Creditors
4.10.2023
FTX creditors might see a silver lining following the recent partnership between Anthropic and Amazon, as the tech behemoth unveiled plans to pour up to $4 billion into the budding artificial intelligence (AI) startup. Over on the social media haven X, a cadre of FTX creditors, united under...
Biggest Movers: MATIC Moves to Highest Point Since August
4.10.2023
Polygon surged to its strongest level since the end of August, as the token extended recent gains. The rally comes despite cryptocurrencies mostly consolidating on Wednesday, following recent declines. XRP was another notable gainer today. Polygon (MATIC) Polygon (MATIC) rose for a back-to-back...
Bitcoin, Ethereum Technical Analysis: BTC Rebounds From Key Price Floor on Wednesday
4.10.2023
Bitcoin marginally rebounded on Wednesday, after the cryptocurrency collided with a key support point in yesterday’s session. Markets have consolidated Tuesday’s losses, with the global crypto market cap up 0.7% as of writing this. Ethereum remained under the $1,700 level. Bitcoin...
From Half a Million to 27K: Bitcoin’s Transaction Backlog Set to Clear for First Time in Four Months
3.10.2023
It’s been a captivating four months since Bitcoin’s mempool last emptied, and with the recent downturn in Ordinal inscriptions this month, the backlog now holds a mere 27,210 unconfirmed transactions. Bitcoin’s Transaction Backlog Nears End as Ordinal Inscriptions Wane A little...
Biggest Movers: DOGE, SHIB Down 3%, Falling for Second Straight Session
3.10.2023
Dogecoin was a notable mover on Tuesday, as the meme coin extended recent declines after a failed move beyond a key resistance level. The drops came as the wider crypto market cap also slipped. It is trading 2.87% lower as of writing. Shiba inu also edged lower in today’s session. Dogecoin (DOGE)...
Bitcoin, Ethereum Technical Analysis: BTC, ETH Plunge, as Profit Takers Swoop In
3.10.2023
Bitcoin retreated from a multi-week high on Tuesday, after cryptocurrencies entered overbought territories. Traders have seemingly opted to capture recent profits, ahead of key data points later this week. Ethereum slipped below $1,700. Bitcoin Bitcoin (BTC) edged below the $28,000 level during...
Bitcoin Ordinal Inscriptions Cool Down After Historic Peak
1.10.2023
Bitcoin Ordinal inscriptions have tapered off markedly since September 24, 2023, following a historic peak on September 15. This deceleration emerges as inscriptions nestled within the Bitcoin blockchain verge on the notable 35 million milestone. A Look at Bitcoin’s Recent Inscription Decline...
Biggest Movers: LINK Races to 2-Month High, SOL Extends Gains
30.9.2023
Chainlink rose for a fourth straight day to start the weekend, as the price surged by as much as 7% in today’s session. The move pushed the token to a two-month high, breaking out of a key resistance level in the process. Solana extended recent gains on Saturday. Chainlink (LINK) Chainlink (LINK)...
Bitcoin, Ethereum Technical Analysis: Profit Takers Swoop in to Send BTC, ETH Lower
30.9.2023
Bitcoin consolidated to start the weekend, as traders moved to secure gains following recent highs in the market. The global market cap was largely unchanged on Saturday, trading 0.06% lower at the time of writing. Ethereum also declined, after a one-month high on Friday. Bitcoin Bitcoin retreated...
Russia’s Yuan Shift: EBRD Economist Warns of Waning US Dollar Dominance
28.9.2023
In a recent interview, the European Bank for Reconstruction and Development’s (EBRD) chief economist, Beata Javorcik, highlighted a notable trend: Russia’s growing inclination to transact in the Chinese yuan. This shift, the economist emphasized, could challenge the dominance of...