Former security engineer Shakeeb Ahmed has been sentenced to three years in prison for hacking two decentralized cryptocurrency exchanges and stealing over $12 million. Exploiting Crypto Vulnerabilities Ahmed manipulated fake pricing data to steal $9 million from one exchange. He then targeted Nirvana Finance, exploiting a vulnerability to buy and resell crypto assets at inflated…
The Australian Securities and Investments Commission (ASIC) is taking legal action against two crypto companies and their directors for operating without a license. NGS Group Companies Targeted Investors The NGS Group, including NGS Crypto, NGS Digital, and NGS Group, allegedly offered fixed-rate returns on blockchain mining packages to Australian investors. ASIC claims they encouraged investors…
Long-Term Holders Reach Record High According to IntoTheBlock, Litecoin’s long-term holders (LTHs) have hit a new milestone. Over 62.5% of all LTC investors now qualify as LTHs, meaning they’ve held their coins for over a year. Significance of LTHs LTHs are considered to have a strong resolve and are less likely to sell their coins,…
Bitcoin Maximalist’s Perspective Max Keiser, a well-known Bitcoin supporter, has criticized the Ethereum (ETH) spot Exchange-Traded Fund (ETF) proposal. He calls it a “proof-of-stake scam” and believes it doesn’t meet the SEC’s approval requirements. SEC’s Silence and Uncertainty The SEC has yet to make a decision on the ETH spot ETF, leaving investors and enthusiasts…
Crypto analyst Altcoin Sherpa believes that Beam (BEAM), a gaming-focused cryptocurrency, has significant upside potential. He highlights BEAM’s potential to rally to $0.036 and $0.040. Arbitrum and Render Outlook The analyst predicts a potential decline of over 15% for Arbitrum (ARB), suggesting a drop to $1.20 or lower. He also anticipates a decline of nearly…
A prominent crypto analyst known as Bluntz is optimistic about Solana (SOL), an Ethereum competitor that has surged over 700% in the past six months. Technical Analysis Bluntz believes Solana has completed a bearish phase against the US dollar and has bottomed out at around $162. He expects the price to rise from here based…
Guy Turner, host of Coin Bureau, believes layer-3 Ethereum scaling solutions have significant potential for growth. Layer-3s: A Game-Changer Layer-3s are built on top of layer-2s, which enhance Ethereum’s scalability. Turner highlights their efficiency, making them ideal for gaming, DeFi, and more. Turner’s Top Picks Degen Base (DEGEN) Built on Coinbase-backed Base layer-2 Meme coin…
Market analysts at Santiment predict that Bitcoin (BTC) could surge to $100,000 if the correlation between cryptocurrencies and stocks weakens. Divergence from S&P 500 Brian Quinlivan, Santiment’s marketing director, observes that Bitcoin is potentially diverging from the S&P 500 index. This divergence has historically been a bullish signal for Bitcoin. “After the disappointing inflation news,…
Stay Away from Crypto Derivatives Mishaboar, a Dogecoin developer, has urged investors to avoid leverage and derivatives in the cryptocurrency market, especially ahead of Coinbase’s listing of Dogecoin futures. He emphasized that the current market is highly volatile and unpredictable, increasing the risk of significant losses. Unfair Odds and High Risk Mishaboar compared trading in…
Exchange Deposits Remain Low Data shows that Bitcoin deposits on major exchanges like Binance and OKX have been low recently. This suggests that large holders, or “whales,” are not eager to sell. Bullish or Neutral Signal? Low exchange inflows can indicate either bullish or neutral sentiment for Bitcoin. If outflows are also low, it suggests…
