Major decentralized domain services weigh in on the state of the industry and the potential for future growth.
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State of play: Decentralized domain services reflect on industry progress
Major decentralized domain services weigh in on the state of the industry and the potential for future growth.
Bitcoin bulls must reclaim these 2 levels as 'death cross' still looms
BTC price upside depends on whether two long-lost moving averages can be flipped to support, Bitcoin analysis predicts.
Bitcoin bulls must reclaim these 2 levels as ‘death cross’ still looms
Bitcoin (BTC) faces a sink-or-swim resistance test to confirm its “macro breakout,” a new analysis says.
In a tweet on Feb. 2, on-chain monitoring resource Material Indicators flagged key levels to flip to support after BTC/USD spiked above $24,000.
Bitcoin price gears up for trend line showdown
In what was ultimately a boon for Bitcoin bulls, the United States Federal Reserve delivered what risk-on traders wanted to hear on Feb. 1.
With Chair Jerome Powell using the word “disinflation,” hopes immediately began to bet on rate hikes ending sooner and easier monetary conditions returning in their place.
The mood was palpable across crypto, with BTC price action reversing an initial drop to see new six-month highs of $24,250 on Bitstamp.
Voyager victim calls for trustee to seize control of the estate
The 120-page motion came from a creditor who asked for the appointment of a chapter 11 trustee citing alleged fraud and incompetence at Voyager.
Bitcoin Ordinals creators look for fix after first instance of shock porn
A rather unsavory image made it to the front page of the Ordinals website for 30 minutes before it was hidden, however, the image itself is immutable.
Bitcoin Ordinals creators look for fix after first instance of shock porn
A rather unsavory image made it to the front page of the Ordinals website for 30 minutes before it was hidden, however, the image itself is immutable.
Regulatory action against Mango Markets exploiter is a win for DeFi — Moody’s
SEC and CFTC taking action against the alleged fraudster show that DeFi is becoming a “safer and more welcoming environment,” according to credit rating firm Moody’s.
72% of institutional traders are crypto-skeptical this year: JPMorgan
The seventh edition of JPMorgan's e-Trading Edit asked 835 institutional traders about their plans for trading digital assets in 2023, among other topics.
Crypto market cap jumps $40B as Fed chair Powell hints at 'disinflation'
While the rate increase was expected by the markets and Powell indicating more increases will come, the market seems to have reacted positively to the latest FOMC speech.
BonqDAO protocol suffers $120M loss after oracle hack
A small-scale decentralized autonomous organization (DAO) has suffered a rather sizeable smart contract exploit leading to an estimated $120 million being stolen from its protocol.
BonqDAO, which is behind the Bonq protocol, told its Twitter followers on Feb. 1 that its protocol was exposed to an oracle hack that allowed the exploiter to manipulate the price of the AllianceBlock (ALBT) token.
An independent analysis from blockchain security firm PeckShield has estimated the loss from the Bonq hack to be around $120 million, comprising $108 million from 98.65 million BEUR tokens, and $11 million from 113.8 million wrapped-ALBT (wALBT) tokens.
While the exploit took effect over several transactions, the largest was $82.19 million at 6:32pm UTC time on Feb. 1, according to multi-chain portfolio tracker DeBank.
Most of the high-scale transactions took place on the Polygon network.
BonqDAO protocol suffers $120M loss after oracle hack
An oracle hack allowed the exploiter to manipulate the price of the AllianceBlock token, leading to an estimated $120 million loss, according to Peckshield.
Ethereum's Shanghai fork is coming — but it doesn't mean investors should dump ETH
Ethereum’s Shanghai upgrade is tentatively set for March, which means approximately 14% of ETH supply will unlock in the year ahead.
Judge dismisses proposed class action suit alleging Coinbase securities sales
The decision did not address the question of whether the 79 tokens in questions were securities, but dismissed claims based on the Securities and Exchange Acts.
Bitcoin bulls plan to flip $23K to support by aiming to win this week’s $1B options expiry
Bitcoin's (BTC) price has been trading above $22,500 for 12 days. Of course, this situation can change even if Federal Reserve chair Jerome Powell issues positive statements about the economy in today’s post-FOMC presser.
Even if the decision matches the market consensus, the post-meeting statement should be investors' primary area of focus. Specific areas to focus on would be clues for the next meeting in March.
Troubling news for the largest stablecoin Tether (USDT), could also cause a meaningful impact after a Celsius bankruptcy examiner report showed that "Tether's exposure eventually grew to over $2 billion" in Sep. 2021. However, it is unclear if iFinex — Tether’s issuer — suffered any losses. iFinex CTO Paolo Ardoino denied exposure to Celsius and suggested that the examiner had "mixed up" prepositions in the report.
Is a strong correction in stock market ahead?
Legendary portfolio manager Michael Burry, known for being one of the most vocal critics of the subprime mortgage crisis in 2007 to 2008, posted a short note on Twitter on Feb. 1, suggesting that investors "sell."
While the message lacks a supporting thesis, one could conclude that Burry expects a meaningful correction in traditional markets. Considering the 40-day correlation between Bitcoin and the S&P 500 index at 75%, the odds of a BTC price retrace become evident.
Bitcoin bulls plan to flip $23K to support by aiming to win this week’s $1B options expiry
BTC bulls are positioned to win this week’s $1 billion options expiry, but the market's post-FOMC reaction could alter their plans.
US Treasury lists BTC, ETH addresses tied to Russian sanctions evasion group
The government department said it would impose “full blocking sanctions” on Jonatan Zimenkov and his crypto addresses due to his connections with a sanctions evasion network.
What is Solend and how does it work
Solend is a DeFi lending and borrowing protocol on Solana, noted for its high scalability and composability.
Retail giant Pick n Pay to accept Bitcoin in 1,628 stores across South Africa
Grocery retailer Pick n Pay is expanding its Bitcoin coverage to all stores in the country following a three-month pilot testing phase.
Price analysis 2/1: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, DOT, LTC, AVAX
Bitcoin (BTC) gained about 40% in January, its best finish in the first month of the year since 2013. The sharp rally caused a change in sentiment and the futures markets which saw backwardation in November and December started trading at a healthy contango in January, according to Glassnode.
Coming out of a bear market low, a rally driven by the leaders rather than the laggards is a sign that the bottoming process may have begun. The rise in Bitcoin’s dominance from about 38% in November to above 42% in January is an indication that smart investors may have started accumulating Bitcoin at lower levels.
Daily cryptocurrency market performance. Source: Coin360After the strong up-move in January, the next big question is how will Bitcoin perform in February. Coinglass data shows that since 2013, Bitcoin has closed February in the red only in 2014 and 2020. If history repeats itself, the possibility of a positive close in February is high but the pace of the rally may slow down.
Could Bitcoin and altcoins stay range-bound and consolidate the gains or will traders book profits, dragging prices lower? Let’s study the charts of the top-10 cryptocurrencies to find out.
BTC/USDT
Bitcoin dipped below the breakout level of $22,800 on Jan. 30 but the bulls purchased at lower levels and pushed the price back above $23,000 on Jan. 31.
