Bitcoin (BTC) broke above $60,000 in the third week of July, causing an emotional reversal with new BTC bullish sentiment. Can this trend continue?The world’s largest cryptocurrency is once again getting traders excited after the weekend’s geopolitical events, with gains now reaching 10% since July 12.What could have been a short-lived reaction to the weekly candle close has instead formed the basis for a BTC price rally. But the key question for market participants now is where the support actually lies.This move has been anticipated for a long time, with traders and analysts alike watching as BTC/USD plunged to a…
Author: Crypto Flexs
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A phishing scammer stole $24 million in a phishing attack last September and then suddenly returned nearly $9.3 million to his victims.The scammer, first discovered by Scam Sniffer on July 13, used the Dai (DAI) stablecoin to return funds in two transactions last week.According to Etherscan data, the first transfer returned $5.23 million on July 8, followed by another $4.04 million on July 13 at 12:06 PM (UTC).Transfer from the scammer to the victim’s wallet address. Source: EtherscanThis comes 10 months after victims lost 9,579 Lido Staked Ether (stETH) and 4,850 Rocket Pool (rETH) tokens in a $24.2 million phishing…
Pendle, the native token of decentralized platform Pendle Finance, surged 14% today, the largest gainer among the top 100 cryptocurrencies by market cap. At the time of writing, PENDLE was trading at $4.38 per crypto.news price, up 13.5% over the past 24 hours. The cryptocurrency asset also saw its daily volume double from the previous day, standing at $77.6 million. PENDLE 24-Hour Price Chart | Source: crypto.news In addition, PENDLE’s market cap has also jumped to $683 million, ranking it 96th among the top 100 cryptocurrencies. Despite the recent price increase, the digital asset is still down 42% from its…
Lawrence Jengar 15 July 2024 07:05 According to a Salus Security report, BNB Chain’s security measures are expected to reduce hacking losses by 87% year-on-year in Q2 2024. According to Salus Security’s Q2 2024 BNB Chain Security Report, BNB Chain’s security environment has made significant progress in Q2 2024. BNB Chain’s total financial loss due to security breaches decreased by 87% year-over-year (YoY), reaching $9.2 million. Some numbers for Q2 2024 BNB Chain reported 35 security incidents in Q2 2024, dramatically reducing its financial losses. The losses were reduced to $9.2 million, significantly lower…
Policy • July 15, 2024 1:01 AM EDT Posted 1 minute earlier In ~ South Korea’s right-wing political party has proposed a three-year delay in taxing cryptocurrency profits. If passed, the tax on cryptocurrency profits in South Korea would be delayed from early 2025 to 2028.“Investor sentiment towards cryptocurrencies is currently negative, and most investors are expected to leave the market if the country imposes income taxes on assets that are riskier than stocks,” reads the bill’s description on the National Assembly website. saidThe bill was proposed last Friday.The 20% tax on cryptocurrency profits was originally set to take effect…
Following the assassination attempt involving former President Donald Trump at a campaign rally in Pennsylvania, the prices of Geo Borden (BODEN) and Kamala Horris (KAMA) meme coins have dropped significantly. Tokens parodying the names of President Joe Biden and Vice President Kamala Harris have moved in the opposite direction in price compared to the Trump meme coin. BODEN has fallen more than 18% from its all-time high following news that Trump had been shot. The token’s price fell from around $0.12 to $0.03 as investors pulled out of the Biden-themed asset, according to CoinGecko data. The PoliFi (political finance) sector…
Felix Pinkston July 15, 2024 05:36 Binance has announced that to ensure optimal user experience, we will suspend SEI deposits and withdrawals on July 15, 2024 to support the SEI network upgrade. Binance, a major cryptocurrency exchange, has announced support for the Sei (SEI) network upgrade scheduled for July 15, 2024. Due to this upgrade, deposits and withdrawals of SEI tokens will be temporarily suspended. Upgrade Details According to Binance, the outage will begin at approximately 15:30 (UTC) on the day of the upgrade. The network upgrade itself Block Height 89,475,838, which is expected…
This article is featured in Bitcoin Magazine’s “The Halving Issue”. Click here to get your Annual Bitcoin Magazine Subscription.Halvings are always looked at as seminal events, a demarking of the end of one era and the beginning of a new one. In the same way that Americans come out of the woodwork to clamor over the new set of presidential candidates in the election cycle, Bitcoiners come flooding out to celebrate the successes of the past block reward epoch and look forward to the possible successes of the next. I would argue that this halving, it is imperative to do…
Sergey Nazarov, co-founder of blockchain oracle service Chainlink (LINK), says one rapidly growing area in the digital asset space is poised to become a leading trend. Nazarov told his 150,000 followers on social media platform X that real-world assets (RWAs) appear to be the next big trend in blockchain. In the cryptocurrency space, the RWA trend aims to tokenize assets from traditional markets such as real estate, loans, and bonds on-chain. Nazarov says: “Tokenization of real-world assets (RWAs) is the next big trend in the blockchain industry, and we believe they will hold more on-chain value than cryptocurrencies… The amount…
Tony Kim 12 Jul 2024 08:12 Discover how generative AI and diffusion models are revolutionizing the architecture, engineering, and construction (AEC) industry through improved design, visualization, and project management. Generative AI—the ability of algorithms to process diverse inputs like text, images, audio, video, and code to generate new content—is advancing at an unprecedented rate. technology According to the NVIDIA Technology Blog, significant progress is being made across multiple industries, with the architecture, engineering, and construction (AEC) sector expected to see tremendous benefits. Diffusion Models: A Core Component of Generative AI in AEC Since the…