Bitcoin (BTC) surged to $70,000 on Monday, marking the first time it has risen to that level in over a month. As of this writing, the price of Bitcoin has risen 5.8% in the last 24 hours and more than 10% in the past week. This increase comes ahead of the vote on the 21st Century (FIT21) bill and a surge in spot purchases and physical BTC exchange-traded fund (ETF) purchases. This activity has raised questions in the cryptocurrency community as to whether the bull market is just beginning or is reaching its peak. BTC faces significant resistance in the…
Author: Crypto Flexs
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Yesterday was the first day of ÐΞVhub Berlin, following the first Ethereum internal developer symposium ÐΞVcon-0. I’d like to post a few images here so you can get a sense of the vibe. Henning, Marek, Viktor and Felix are hacking away on the couch. Aeron and Brian in discussion Alex and Jutta meeting about network and security The rest of the team is hacking in the lab.
BitTorrent reports on weekly development and user statisticsBitTorrent Inc., a leading consumer software company headquartered in San Francisco, shared its weekly report, revealing key developments and statistics. Founded in 2004, the company uses leading P2P sharing technology standards and operates the world’s largest decentralized P2P network, accounting for 22% of upstream traffic and 3% of downstream traffic globally, according to a Medium report. .The company’s flagship desktop and mobile products, BitTorrent and µTorrent, allow users to send large files over the Internet. This technology connects users with legitimate third-party content providers. According to the report,…
Twitter user Zack Morris launched a new coin that has surged more than 100% in the last 24 hours. The activity and scale of the Solana network has also increased. Solana (SOL) has been a hotspot for launching new meme coins for a long time. Edward Constantinescu, known as Zack Morris on X (formerly Twitter) and co-founder of Atlas Trading, recently launched a meme coin named ZACK on the network to cash in on the hype. ZACK SEEES A NEW DIMENSION At the time of press, ZACK was trading at $0.04168, with the price up 216.00% in the last 24…
Solana broke the $175 resistance line and started a new rally. SOL price is up almost 10% and could continue to rise if it overcomes $188 resistance. SOL price surged to test the $188 resistance against the US dollar. The price is currently trading above $180 and the 100-hour simple moving average. On the hourly chart of the SOL/USD pair, there is a major bullish trendline with support at $175 (data source from Kraken). Failure to hold above $175 could lead to removal of the $188 resistance level. Solana price begins new surge Solana price formed a support base near…
XRP price avoided a major downturn due to the surge in ETH. The price has recovered above $0.5220 and is eyeing a significant upside reversal in the near term. XRP started a significant rise above the $0.5150 resistance zone. The price is currently trading above $0.5250 and the 100-hour simple moving average. On the hourly chart of the XRP/USD pair (data source from Kraken), a breakout occurred above the main bearish trendline with resistance at $0.520. The pair may correct gains but the bulls may remain active near the $0.5180 area. XRP price recovery After falling to the $0.5065 support…
Lilian Nurieva, the former network head of Russian cryptocurrency investment fund Finiko, has been sentenced to three years in prison for defrauding individual investors and participating in a criminal organization. The $55 million pyramid scheme is considered the second-largest financial fraud in Russian history after the collapse of the Soviet Union by the Federal Foundation for the Protection of Investor and Shareholder Rights. Cryptocurrency investment fund turns into Ponzi scheme In 2021, Russian authorities began investigating ‘cryptocurrency investment fund’ Finico on charges of fraud and organized crime. According to the investigation, the fund was a Ponzi scheme that siphoned off…
Blockless, a decentralized physical infrastructure network (DePIN) project focused on providing computing power support, announced that it has raised $8 million in pre-seed and seed funding rounds.NGC Ventures led the $3 million pre-seed round, while M31 Capital and Frachtis (a new fund formed by Xavier Meegan, chief investment officer at staking firm Chorus One) co-led the $5 million seed round, Blockless said. It was revealed on Tuesday. Other investors in both rounds include No Limit Holdings, MH Ventures, Interop Ventures and Plassa Capital, Blockless said.The project closed its pre-seed round in March 2022, but is now taking it public along…
Hackers exploited Gala Games’ smart contracts to mint 5 billion tokens worth $200 million, some of which were converted to Ethereum. The post Gala Games hits $200 million in internal jobs appeared first on Crypto Briefing.
If we do the research, you can get alpha!Get exclusive reports and key insights on airdrops, NFTs, and more! Subscribe to Alpha Reports now and enjoy the game!Go to Alpha ReportThe price of Gala Games (GALA) tokens plummeted on Monday after attackers minted and leaked 5 billion tokens through the Gala smart contract. The value of swiped tokens at the time of the attack was approximately $240 million.Ultimately, the attackers sold 600 million tokens through the decentralized exchange Uniswap. This was worth approximately $29 million worth of tokens at the time of the attack. While selling was in progress, the…