A US hacker has been sentenced to three years in prison for stealing over $12 million in cryptocurrency from two decentralized exchanges (DEXs). Exploiting Pricing Data In July 2022, Shakeeb Ahmed, a security engineer, manipulated pricing data on an unnamed DEX to generate inflated fees worth around $9 million. He then withdrew these fees in…
Dogecoin: A Promising Investment A well-known crypto trader, Altcoin Sherpa, believes in the potential of Dogecoin (DOGE) despite recent market fluctuations. He plans to accumulate DOGE and predicts it will make a significant move later this year. Bitcoin’s Range-Bound Movement Altcoin Sherpa anticipates Bitcoin (BTC) to trade within a range of $73,000 and $60,000 before…
A popular crypto analyst, Bluntz, believes that a Bitcoin token called PUPS has the potential to rise even higher after a recent surge. PUPS Token Skyrockets PUPS, an Ordinals token, has seen a meteoric rise in the past month, climbing over 4,600% from its March low. Bluntz noted that PUPS is following a similar pattern…
As the 2024 Bitcoin halving approaches, the crypto world is abuzz with excitement and speculation. Social media is filled with discussions about the event, indicating potential market volatility. Social Media Surge Fuels Speculation Analysts believe that the surge in social media chatter often coincides with market shifts. Some predict a price rally, while others are…
The Bitcoin market has been a bit sluggish lately, making some wonder if the bull run is over. But there’s one metric that could give us a clue. Mean Dollar Invested Age This metric tracks how long Bitcoin has been sitting in the same wallets. When it’s going up, it means investors are holding onto…
On April 12, the crypto market experienced a sudden drop in prices, leading to massive liquidations. Massive Liquidations Amidst Price Decline Bitcoin fell by 4.49% in the last day, hitting a low of $66,052. This triggered a domino effect, with Ethereum and Solana also seeing significant losses. As a result, over 277,000 traders lost their…
A crypto analyst has made some bold predictions for Dogecoin’s price on April 20, known as DOGE Day. Price Target: $0.26 Analyst Myles G believes Dogecoin will hit a minimum of $0.26 on April 20 by 4:20 pm EST. This prediction is based on price models and the hype surrounding DOGE Day. Factors Driving the…
Sudden Market Downturn On April 12, the crypto market took a hit, with Bitcoin falling below $67,000 for the first time in over a week. This caused nearly $900 million in liquidations in the past 24 hours. Behind the Decline According to Santiment, an on-chain analytics firm, the drop was driven by: CPI and Inflation…
Recent Court Ruling Weakens SEC’s Case A recent decision by the Second Circuit Court of Appeals could significantly weaken the SEC’s case against Ripple Labs. The court ruled that the SEC cannot seek disgorgement (the return of improperly obtained funds) unless investors can prove they suffered actual financial losses. This ruling could provide a lifeline…
Case Dismissed Due to Lack of Evidence Australian prosecutors have dropped the lawsuit filed by billionaire Andrew Forrest against Meta (formerly Facebook) over the use of his image in crypto scam ads. The decision comes as a setback for Forrest, who accused Meta of failing to prevent the fraudulent ads. Forrest’s Allegations In February 2022,…
