Kaiko’s analysis shows that meme coins such as Pepe (PEPE) and Dogwifhat (WIF) are driving the use of leverage among altcoin traders. The post Meme Coins Are Dominating Altcoin Leverage, Kaiko Report appeared first on Crypto Briefing.
Author: Crypto Flexs
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Phishing attacks within the cryptocurrency industry fell 46% in April to $38 million, the lowest level of the year. according to to security company Scam Sniffer.Notably, this is consistent with CertiK’s findings that cryptocurrency-related abuse and fraud plummeted to an all-time low of $25.7 million in April.Phishing Attacks in AprilBase, the Ethereum layer 2 network backed by Coinbase, has seen a 145% surge in phishing incidents over the past month, reaching $8.2 million, according to research by Scam Sniffer. Two of the top 10 single thefts occurred at this chain, accounting for 21% of total thefts for the month.Top 10…
AVAX price is rising above the $36.50 resistance. Avalanche could move higher if there is a clear move above the $40.00 resistance zone. AVAX price is rising from the $30.50 support zone against the US dollar. The price is trading above $35.00 and the 100 simple moving average (4-hours). On the 4-hours chart of the AVAX/USD pair, a breakout occurred above the main bearish trendline with resistance at $34.00 (data source from Kraken). The pair could continue to rise if it stays above the $36.30 and $35.50 support levels. AVAX price aims higher After a steady decline, Avalanche’s AVAX found…
The federal government has set up a crisis management office to closely monitor the situation due to the rain in Rio Grande do Su, Brazil. Water levels in the Guaiba River have reached their highest level since 1941, and more rain is expected. More than 37 people have died and more than 70 have been injured as the storm hit at least 235 municipalities. Among them is Rolante, one of the most Bitcoin-using cities in Brazil. Local authorities have issued warnings and asked people in risk areas to leave. In Porto Alegre, for example, the mayor declared a public disaster.…
After the Securities and Exchange Commission (SEC) issued the Wells Notice to Robinhood Crypto, Bitwise CIO Matt Hougan claimed to X that the “hostile regulatory environment” is benefiting Coinbase, the leading US cryptocurrency exchange.“The hostile regulatory environment is creating an artificial ‘moat’ for Coinbase’s business, helping it maintain extremely high margins and generate excess returns in the short term,” Hougan said. said in the post. Coinbase has long been in contention with the SEC, but last week it reported that it generated $1.6 billion in revenue during the first quarter of 2024 as the trading fees it collects from both…
Terra Luna Classic rallied 13.35%, bouncing back to mid-April levels. A governance proposal to set limits on validator nodes has been rejected. Despite the slowdown, LUNC burning reduced the remaining supply to 5.79T. Last weekend, Terra Luna Classic (LUNC) rejected a major governance proposal to prevent chain validators from running multiple validators on the network. Proposal #12101 seeks to impose a single validator rule, which has been called “unfeasible” and “meaningless” by certain validators such as SolidVote.Most members agree that the proposal to limit validator nodes has good intentions, but the strategy would be difficult to realize because Terra chain…
While trying to change the string of a previously acquired WIF private key, I rarely got a valid address. Wallet Interchange Format (WIF) has a 4-byte checksum. This means that almost all changes will fail the checksum test, meaning that the changed string is not a valid WIF. The whole purpose of WIF is to detect and prevent the use of such changes, i.e. to detect transcription errors.
Soccer Legend Returns with Blockchain Sports’ Groundbreaking Player Tokenization Initiative – Chainwire housenewsroomThe soccer legend is back with blockchain sports’ groundbreaking player tokenization initiative. We use cookies to make Chainwire’s website a better experience. Cookies help us give you a more personalized experience, relevant advertising and provide us with web analytics. Technical storage or access is strictly necessary for the legitimate purpose of enabling the use of specific services explicitly requested by the subscriber or user, or for the sole purpose of transmitting communications over electronic communications networks. Technical storage or access is necessary for the legitimate purpose…
When I started spreading Bitcoin and blockchain technology in 2012, my father was a tough guy. There was common skepticism and typical objections such as “What underpins it?” and “What can we do with it?” and “What the heck is cryptography?” At that time, my arguments were not refined and my learning tools were not yet mature. But honestly, I think the biggest reason why he didn’t understand it was because he just didn’t understand cryptography. It is not technical and does not adopt early technologies. I persevered delicately and eventually he came back. Before the end of 2012, he…
Cathie Wood, founder and CEO of ARK Invest, made this bold prediction: Bitcoin could reach $1 million in the next five years. TLDR The price of Bitcoin rose from around $40,000 to over $70,000 in one quarter, driven by positive inflows into Bitcoin ETFs. Despite significant selling in Grayscale Bitcoin Trust (GBTC), other ETFs saw net inflows. After a long period of outflows, GBTC recorded its first net inflows on May 3, 2024, with inflows of $63 million. This change in bullish momentum could potentially push Bitcoin price into the $52,000-$54,000 range in the near term. If Bitcoin clears $70,000…