No Contact from Hackers Bitfinex CTO Paolo Ardoino has denied rumors of a data breach after a group called FSOCIETY claimed to have hacked the exchange. Ardoino stated that the group never contacted Bitfinex directly about any breach. Leaked Data Analysis FSOCIETY released sample data allegedly stolen from Bitfinex, but Ardoino claims that only 5,000…
Stress Tests: A Flawed Approach Stress tests for major banks have repeatedly failed to uncover vulnerabilities that have led to massive losses. The current system is opaque and insufficient, with tests often conducted only once every two years. DeFi: A Transparent Alternative Decentralized finance (DeFi) offers a compelling alternative. DeFi protocols are governed by smart…
As BRICS leaders prepare to meet, they are reportedly discussing the creation of a new currency to reduce reliance on the US dollar and mitigate the risk of sanctions. Digital Currency in Focus The agenda includes exploring the feasibility of a digital currency to facilitate global trade and settlement while minimizing the threat of sanctions….
Global investment firm Franklin Templeton believes Solana (SOL) is set to become the third most important cryptocurrency, after Bitcoin and Ethereum. Strong Growth in Network Activity Solana’s network has seen a surge in fees and decentralized exchange (DEX) volumes over the past year. Franklin Templeton expects this growth to continue as Solana’s network effects strengthen…
Largest Wealth Transfer in History Ernst & Young (EY), a major accounting firm, reports that the largest wealth transfer in human history is underway, with trillions of dollars in assets being passed down this year. Baby Boomers Handing Down Fortunes EY estimates that baby boomers will transfer up to $3 trillion in assets to their…
Relative Strength Jumps Crypto research firm 10x Research reports that Bitcoin’s Relative Strength has jumped to 40%. This has historically indicated potential rallies for Bitcoin. Bullish Sentiment Despite a recent decline, Bitcoin has broken above the $62,000 resistance level, suggesting ongoing bullish sentiment. Catalyst Needed for Rally 10x Research highlights that Bitcoin needs a catalyst…
Bitcoin is at a turning point that could shape its price for the rest of the year. After a dip to $56,000, it’s back above $60,000. Analysts Predict a Surge Some experts believe the Bitcoin bull run is just getting started. They expect it to rise above $74,000 soon. Impulse Waves Signal a Big Jump…
Grayscale’s Bitcoin Trust (GBTC) has finally seen some positive inflows after a long streak of outflows. Inflows Break the Outflow Streak GBTC’s Spot Bitcoin ETF broke its 82-day outflow streak on May 3rd. It recorded inflows of over $60 million, a significant shift from the $17.46 billion in outflows it had seen since its launch….
Shiba Inu is now available for purchase on PayPal in the United States through MoonPay. This opens up new possibilities for adoption and could potentially increase the price of the cryptocurrency. PayPal Partners with MoonPay PayPal has partnered with MoonPay, a crypto payment platform, to allow US users to buy and sell cryptocurrencies. This includes…
Dogecoin Increased Investor Interest: New and active Dogecoin addresses have jumped by over 74% in the past week. Network Growth: The number of non-empty Dogecoin wallets has increased by 27% in the past six months. Positive Sentiment: Dogecoin’s open interest funding rate is positive, indicating bullish sentiment. Accumulation Zone: Dogecoin has entered a major accumulation…
