Ransomware Attacks on the Rise Ransomware attacks have made a comeback in 2023, with over $1 billion extorted from victims, according to a new report from market intelligence platform Chainalysis. The report found that the number of ransomware attacks increased across the board in 2023, and the trend is expected to continue. Growing Number of…
XRP Lawyer Predicts 40% Chance of Motion to Dismiss Success At the iConnections Global Alts conference, XRP supporter and lawyer John Deaton weighed in on the likelihood of Coinbase prevailing in its lawsuit against the SEC. Motion to Dismiss In June 2023, the SEC filed a lawsuit against Coinbase, alleging that it operated as an…
Analysts Predict Huge Rally in Digital Assets Crypto analysts Jan Happel and Yann Allemann, known as Negentropic on social media, predict a massive rally in digital assets due to a weakening US dollar. They believe the dollar index (DXY) is nearing the end of a bounce and will soon decline, leading to a surge in…
OKX, a major player in the global crypto trading market, is facing scrutiny in South Korea. The Digital Asset Exchange Alliance (DAXA), which includes South Korea’s leading five crypto exchanges, has filed a complaint with local regulatory bodies, alleging that OKX has engaged in activities within South Korea without legal registration. OKX Under Scrutiny Reports…
A crypto analyst, Ted, is optimistic about Bitcoin’s future, predicting a “supply shock of all supply shocks” when the network halves its miner rewards in April 2024. Bitcoin Halving Event Ted believes that BTC prices will surge after the Bitcoin halving event in April 2024. This event, scheduled every four years, reduces the number of…
The United States Securities and Exchange Commission (SEC) has been ramping up its regulation of the emerging crypto market and Decentralized Finance (DeFi) sectors. The regulatory body recently passed new rules that require certain entities to register as “dealers” or “government securities dealers.” SEC Chair Gary Gensler believes these measures will protect investors and improve…
Why the Bitcoin Halving Could Be Important Ki Young Ju, CEO of CryptoQuant, recently discussed the behavior of US-based Bitcoin miners in the lead-up to the upcoming halving. The halving is a periodic event where Bitcoin’s block rewards are permanently cut in half. It occurs every four years, with the next one estimated to happen…
Overview Ethereum (ETH) has made significant progress in its 2024 roadmap with the successful launch of the Dencun upgrade on the final Holesky testnet. This crucial step brings Ethereum closer to deploying the upgrade on the mainnet, signaling its commitment to improving transaction efficiency, scalability, and reducing transaction fees by up to 90%. Dencun Upgrade…
Significant LINK Purchases Reported A mysterious entity, possibly a crypto whale or institution, has been aggressively accumulating Chainlink (LINK), the native token of the decentralized oracle network. This information was revealed by Lookonchain, a blockchain tracker. Binance Withdrawals Lookonchain observed that 47 new wallets withdrew a total of 2,237,504 LINK, valued at $42.38 million, from…
