Tier 1 • July 9, 2024 2:12 PM EDT Posted 1 minute earlier In ~ Despite the market downturn, the number of new addresses on the Bitcoin network has reached a two-month high, with the 7-day moving average (7DMA) reaching over 317,000 new addresses on Friday, July 5. This increase is particularly notable: Bitcoin +2.73% During the same period, prices fell more than 10%.To put this into perspective, at the beginning of last week the 7DMA stood at just 263,000 new addresses, representing a significant 20% increase per week.So what does this mean for the Bitcoin network?You might think that…
Author: Crypto Flexs
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According to a report by celebrity news account Daily Trends, rapper Doja Cat’s X account was hacked on July 8 and used to promote a scam token bearing the rapper’s name. Celebrity news site The Daily Mail also reported that Doja Cat was hacked and used to post negative comments about fellow rapper Iggy Azalea.The scam token “Doja Cat (DOJA)” reached a market cap of $1.65 million after being promoted through hacked accounts. It later fell to $16,820, causing investors to lose more than $1.63 million.Daily Trends published an image of the now-deleted Scam X post, which features an image…
According to Chainalysis, Jackie Burns Koven, Director of Cyber Threat Intelligence at Chainalysis, shared her insights on blockchain security and the changing threat landscape with Accel Partner Amit Kumar in a special episode of the Public Key podcast. Building trust in new technologies Coven highlighted the challenges and opportunities in building trust in emerging technologies. She discussed how Chainalysis has been instrumental in solving high-profile criminal cases and expanding consumer access to cryptocurrencies since its launch in 2014. Coven joined Chainalysis in 2019 after serving as an intelligence officer for the U.S. Department of Defense.…
Bitcoin rose again to $58,000 by the opening of Wall Street on July 9 as the German government transferred more of its Bitcoin holdings.BTC/USD 1-hour chart. Source: TradingViewBTC price remains unchanged despite German government movesAccording to data from Cointelegraph Markets Pro and TradingView, the Bitcoin (BTC) price uptrend has peaked, reaching a daily high of $58,102 on Bitstamp.The exchange was one of several involved in a recent round of transactions to and from a German government-owned wallet. Both the inbound and outbound BTC transactions took place on the same day, the latter of which contained approximately 3,000 BTC at the…
DEXs are also promising, but CEXs and tradFi still have the upper hand. Corruption losses and high price impacts have hit DEX. The latest DeFi technologies can make DEXs competitive. Decentralized exchanges (DEXs) play a key role in the cryptocurrency space, promising a future where trading is trustless, transparent, and free from the control of centralized institutions. However, despite this, DEXs have not yet reached the level of centralized exchanges. Furthermore, DEXs have not had a meaningful impact on traditional finance (tradFi). To understand why DEXs still lag behind centralized exchanges (CEXs), we spoke to Kilian Krings, founder and CEO…
FTX co-founder Gary Wang and former FTX director of engineering Nishad Singh are expected to be sentenced later this year after testifying against former colleague Sam Bankman-Fried.Sing is scheduled to be sentenced in a New York court on October 30, and Wang is scheduled to be sentenced on November 20. Court documentsBoth former FTX executives pleaded guilty and cooperated with prosecutors.Both men face decades in prison, but the collaborators “likely will have their sentences significantly reduced” under the government’s 5k1.1 agreement, Braden Perry said. Partner at Kennyhertz Perry and former federal execution attorney. This motion asks the U.S. government to…
The Ethereum Protocol Security (EPS) research team is excited to announce the launch of the first Ethereum Protocol Attackathon. immune. This four-week event aims to strengthen the security of the Ethereum protocol through a large-scale crowdsourced security audit competition. Our goal is to raise over $2 million for the reward pool, and EF has provided an initial seed of $500,000 for the pool. Ethereum Security Support We encourage the entire Ethereum community, from projects to individual developers, to participate in this important event. Contributing to the reward pool directly strengthens the security of the Ethereum ecosystem, creating a safer environment…
Oracle and Palantir have begun a collaboration to enhance their cloud and artificial intelligence (AI) capabilities. According to oracle.com, Palantir’s Foundry Platform and Artificial Intelligence Platform (AIP) are now certified on Oracle Cloud Infrastructure (OCI) and are generally available across all of Oracle’s distributed cloud deployment options. Enhanced AI and cloud capabilities By integrating Palantir’s AI and decision acceleration platform with Oracle’s distributed cloud, AI infrastructure, and sovereign AI capabilities, we aim to accelerate AI initiatives for enterprises and governments. This certification ensures that Palantir’s platform can leverage Oracle’s powerful cloud infrastructure to deliver enhanced…
According to digital asset tracking site Lookonchain, a cryptocurrency project that raised 820,000 ETH in an initial coin offering (ICO) in 2016 recently sold millions of dollars worth of ETH on a handful of exchanges. Golem Network (GLM) is an open source platform that aims to enable decentralized access to computing power. Lookonchain noted that the project raised a huge stack of ETH through an ICO in November 2016, when the price of ETH was just $10.20. Lookonchain revealed that Golem sold 24,400 ETH worth $72 million on cryptocurrency exchanges Binance, Coinbase, and Bitfinex over a three-day period. The project…
The agreement comes at a time when Bitcoin miners’ profits have fallen significantly since the April halving. Leading Bitcoin miner Hut 8 has secured a power purchase agreement for a site in West Texas, a major milestone following the April halving. The agreement gives the mining company access to 205 megawatts of power capacity, which is potentially available for immediate use. The transaction is part of Hut 8’s massive development pipeline, which includes 1,100 megawatts of exclusive energy capacity. The mining site is cleverly located near a wind farm and is connected to the ERCOT grid. As a result, Hut…