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The Bitcoin price remains unchanged over the last 24 hours, rising a mere 0.8% to trade at $34,370 as of 2:00 a.m. EST.  The rally witnessed in the BTC price since Oct.13 appears to be fizzling out as the big crypto token turns down on the daily timeframe. Bitcoin, however, remains bullish in the medium to long term. It is up 23% over the last 30 days and 17% over the last three months. The flagship cryptocurrency is also up 18% over the last six months and remains bullish in 2023 as its year-to-date (YTD) gains stand at a whopping 108%. As BTC continues to maintain its stability, analysts project a positive outcome for the cryptocurrency going into 2024. Jan van Eck, CEO of giant asset management firm VanEck, says that conditions are becoming extremely favorable for the cryptocurrency industry as 2024 draws near. Speaking in a new interview on the Empire podcast , he says that Bitcoin has now been established as the main alternative to gold as a store of value. With the Fed c...

Over $900 million was hacked in crypto in 2023. How can blockchain analysis help in finding and retrieving stolen assets? Amid the rapid evolution of decentralized finance (DeFi) and the broader Web3 landscape, security is of paramount importance. New threats continue to emerge, making it essential to understand attack patterns for risk assessment and reliability evaluation. In 2023 alone, over $990 million was lost or stolen, according to Cointelegraph’s Crypto Hacks database.  This growing demand for security has led to the emergence of a diverse ecosystem of Web3 security expertise, ranging from decentralized identity solutions to smart contract auditors, ensuring the safety of this dynamic digital space. Sign up to the Cointelegraph Research Crypto Hacks Database here The Lazarus Group, a state-affiliated hacking group from North Korea, remains a persistent threat. Lazarus was responsible for confirmed losses totaling at least $291 million in 2023. Even as the year progressed into...

A congressman likened Securities and Exchanges Commission (SEC) Chair Gary Gensler to infamous figure skater Tonya Harding for ”kneecapping” the crypto industry with a blizzard of regulation and lawsuits and another said he he should be fired. The comments came as Gensler appeared before the House Financial Services Committee yesterday. Rep Andy Barr likened him to Harding, who paid an attacker to assault main rival Nancy Kerrigan in 1994  to prevent her competing in the Winter Olympics, while Rep. Warren Davidson accused him of abusing his power and said he should be dismissed. “If the U.S. capital markets are a gold medalist, you are the Tonya Harding of securities regulation because you are kneecapping the U.S. capital markets with the avalanche of red tape coming out of your commission,” Barr said. Mr. Barr to Gensler: “If the US capital markets are a gold medalist, you are the Tonya Harding of securities regulation because you are kneecapping...

The CEO of the CoinFLEX cryptocurrency exchange, Mark Lamb, has released a post on his Twitter account accusing Roger Ver, also known as “Bitcoin Jesus,” of defaulting on a $47 million USDC margin call. CoinFLEX accuses “Bitcoin Jesus” of loan default The statement released by Lamb said that the accusations that the exchange was facing a tough economic period were wrong. The exchange argued that its treasury had been affected by the debt accrued by Ver. Lamb said that the exchange was looking into new ways of raising money and restoring the halted withdrawal function. CoinFLEX had apparently signed a special contract with Ver preventing the exchange from liquidating his position. Buy Bitcoin Now Your capital is at risk. “Roger Ver owes CoinFLEX $47 Million USDC. We have a written contract with him obligating him to personally guarantee any negative equity on his CoinFLEX account and top-up margin regularly . He has been in default of this agree...

The number of unlicensed crypto firms in the United Kingdom has continued to grow despite the role taken by the Financial Conduct Authority (FCA) to regulate the crypto sector. The FCA has licensed multiple crypto companies, the latest being Crypto.com. FCA says it has a limited role in crypto regulations The FCA has admitted that it does not have full oversight over the entire cryptocurrency sector. It further admitted that it lacks consumer protection powers to protect the rising number of investors in the sector. The FCA also said it had limited authority to register UK-based cryptocurrency exchanges under anti-money laundering (AML) regulations. It also explained that the temporary registration regime (TRR) was introduced to allow cryptocurrency companies trying to register to receive temporary trading permissions. Buy Crypto Now Your capital is at risk. Under the TRR, crypto firms could apply to register with the agency while continuing with their operations. Howev...

Dogecoin trended downwards after it stroke a resistance level near $0.08540. The downtrend abated when price action reached what seems to be another strong support around $0.06780. However, this support is still holding, but it looks as if buyers lack the power to take the DOGE/USD value up. Let’s consider the signs in this market critically . DOGE Analysis Statistics Data : DOGE Price Now: $0.06790 DOGE Market Cap: $8.97 billion DOGE Circulating Supply: 132.7 billion DOGE Overall Supply: 132.7 billion DOGE Coinmarketcap Ranking: #10 Important Marks: Top: $0.06797, $0.06840, $0.06890 Floor: $0.06790, $0.06750, $0.06710   Dogecoin Is not Ready for an Upside gain, the Basis for Tamadoge is Bullish Looking at the DOGE/USD daily chart portrays the buyers as too weak to initiate an Uptrend. Even after the Stochastic Indicator curves have gotten to the oversold area, and have crossed each other, still price action seems unready to bounce upwards. Also, the EMA...

Join Our Telegram channel to stay up to date on breaking news coverage Major cryptocurrency trading platform Coinbase is interested in forming a partnership with MakerDAO, the most prominent decentralized lending platform. Coinbase has made an offer to pay MakerDAO 1.5% interest on its USDC assets if Maker transfers those holdings to Prime, which is Coinbase’s institutional-grade investing platform. Coinbase Institutional stated in a proposal titled “MIPXX Coinbase USDC Institutional Rewards” published on MakerDAO’s online forum that the offer will address MakerDAO’s issue of having too much exposure to the dollar-pegged stablecoin for which it receives no incentive. More specifically, if the Maker Improvement Proposal (MIP) is approved, it will bring MakerDAO onto Prime as an institutional investor . It will also make it possible for 1.6 billion dollars, of the Ethereum-based cryptocurrency lender’s USDC holdings to be transferred to MakerD...

Join Our Telegram channel to stay up to date on breaking news coverage Ethereum fell below a crucial support level of $1,400 to the $1,340 level. However, going by indicators signs, it is likely that Ethereum price will rebound upwards soon. Ethereum Analysis Statistics Data : Ethereum value now: $1340 ETH’s market cap: $162.60 billion ETH’s moving supply: 122.4 million The overall supply of Ethereum: 122.4 million Ethereum’s Coinmarketcap ranking: #2 As a result, it is important to critically study this market for the sake of coming up with profitable trading decisions. We shall also look into the ETH/BTC market to determine useful decisions for traders who are trading in this market. Major Price Marks: Top Levels: $1340, $1400, $1450 Base Levels: $1300, $1260, $1200 Ethereum Falls Lower but May Soon Reverse Trend, Invest in Tamadoge Today Not too long after the Ethereum merge, the ETH/USD  price action broke a key support level to the downsi...

Join Our Telegram channel to stay up to date on breaking news coverage Cathie’s Wood’s Ark Invest said attempts by the US to “ wound bitcoin ” will hurt the country’s long-term strategic interests. The US should embrace Bitcoin, not try to control it, tweeted Brett Winton, the firm’s chief futurist, in an Aug. 5 post on social media platform X. The futurist said regulatory crackdowns on Bitcoin and other cryptocurrencies are like trying to get rid of language translation technology.   “Trying to kill bitcoin because it threatens the supremacy of the U.S. dollar system is like trying to kill language translation technology because it threatens the supremacy of English,” he said. both technologies, at more frictionless adoption, tend to steepen the power law advantage that the English/dollar system already enjoys everything else becomes commoditized/intechangeable the US attempts to wound bitcoin come at the expense o...

Join Our Telegram channel to stay up to date on breaking news coverage As China’s bitcoin mining industry grows bigger, some researchers believe the electricity-gulping bitcoin mining may prevent China from achieving its climate goals. This was made known in a recent study published in the Journal Nature by the researchers.  Increasing Concerns Over Climate Security The study reveals that China powers approximately 80% of the world trade in cryptocurrency. Given the fact that Bitcoin operates on the blockchain, every transaction is encrypted by a network operated by miners, which use high electricity consumption in the process. The miners use high-powered computers to validate transactions, which consumes huge electricity and may have implications on climate security. However, the Journal Nature report shows that 40% of China’s Bitcoin is powered by coal. This is where the problem starts.  Researchers believe that since most of these big coal plants emit carbo...