Why Did Bitcoin Reach $57,000 on February 27?

Bitcoin’s price surged above $57,000 on February 27, marking its highest point since 2021. This surge can be attributed to several recent developments that have created a bullish narrative for the cryptocurrency. Increased Demand for Bitcoin Bloomberg analyst Eric Balchunas reported that nine Spot Bitcoin ETFs (excluding Grayscale’s GBTC) set a new all-time trading volume…

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Why Is PEPE Coin Soaring?

The PEPE coin has seen a remarkable surge in value, with a 50% increase in price in just one day. This impressive rally has brought PEPE to the forefront of the crypto market, capturing the attention of investors and enthusiasts alike. Factors Driving PEPE’s Price Increase There is no single factor driving PEPE’s price increase,…

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Securing Smart Contracts: Addressing the Over-Reliance on Audits

2023 was a tumultuous year for the world of digital assets, marked by fluctuating regulations, criminal activities, and significant thefts. However, despite these challenges, the total market capitalization for digital assets reached a staggering $1.4+ Trillions, a testament to the growing interest and potential of this industry. Amidst this growth, however, lies a concerning reality:…

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BitForex Exchange Halts Withdrawals Following $56 Million Exodus

Sudden Outflow and Unanswered Inquiries Hong Kong-based crypto exchange BitForex has halted withdrawals on its platform. On-chain investigator ZachXBT reported suspicious activity on February 23rd. Over $56 million left BitForex’s hot wallets, prompting withdrawal suspension. BitForex officials have not responded to user inquiries on X and Telegram. The exchange’s CEO resigned last month, adding to…

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