Bitcoin (BTC) begins an important week in the macro markets, with the weekly close leading to a sharp 7% BTC price correction.The largest cryptocurrency collapsed towards $40,000 amid fresh volatility, reaching its lowest level in a week.Arguably, Bitcoin’s long-delayed return to testing support surprised the nonetheless bullish laggards, liquidating nearly $100 million in long positions.This sharp move provides a rude awakening for BTC investors at the start of a week that already has numerous potential volatility triggers. This comes in the form of US macro data coming just before the Fed’s next interest rate policy decision.A surge of numbers in…
Author: Crypto Flexs
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The cryptocurrency market was a sea of red this Monday morning, with Bitcoin falling 5% in an hour or so and altcoins suffering major losses. Moreover, liquidations have reached hundreds of millions in the past few hours. A cryptocurrency market correction is underway, with millions of liquidations occurring during the Asian trading session on Monday morning. Cryptocurrency leverage flushout According to Coinglass, in the last 12 hours, cryptocurrency liquidations reached $354 million. The majority were long positions with a liquidation amount of approximately $313 million. Additionally, as Coinglass reports, 117,770 traders were liquidated, with a total liquidation volume in the…
In an era when financial knowledge is desperately needed, Cash App took a ‘new’ step by launching ‘BREAD’, a free zine that combines financial education and culture. Aptly titled “Bitcoin Issues,” the inaugural issue promises to reshape public perception and understanding of the world and culture of Bitcoin. With a strong team of influential artists and writers, including Allison Davis, Richard Turley, and Daisuke, BREAD aims to make money more relatable and accessible to a diverse audience. At the heart of BREAD’s mission is a commitment to transform the often intimidating world of finance and Bitcoin into a realm that…
The Protocol Support team is organizing a grant round to support upcoming projects. Ethereum KZG Awards Ceremony. The KZG event is a coordinated public ceremony that will provide a cryptographic foundation for Ethereum expansion plans such as: EIP-4844. Learn more about the awards ceremony and participate in a test version. event.ethereum.org. If you would like to be funded for a deeper level of contribution, there are two ways to qualify. Write your own implementationSubmit entropy generated through non-traditional sources or unique processes → Apply by January 31st Or learn more below. Write your own implementation The best way to avoid…
Tether, the world’s largest stablecoin issuer, announced a voluntary freeze policy for individuals subject to OFAC sanctions, stepping up its efforts to cooperate with law enforcement. Tether said this voluntary measure is designed to prevent misuse of Tether’s USDT and strengthen its security measures. Tether’s Voluntary Freeze Policy Tether announced the news of its voluntary freeze policy in a blog post on December 9th. The company has begun offering secondary market controls to freeze wallets and wallet activity linked to sanctioned individuals on the U.S. Office of Foreign Assets Control (OFAC) Specially Designated Nationals (SDN) list. All companies and individuals…
Vulnerability discovered The National Vulnerability Database (NVD), a comprehensive cybersecurity resource, recently flagged serious security risks associated with Bitcoin Core and Bitcoin Notes. Specifically, this vulnerability, categorized as CVE-2023-50428, affects Bitcoin Core up to 26.0 and Bitcoin Knots versions prior to 25.1.knots20231115. This issue focuses on the ability to circumvent data carrier size limitations by disguising data as code. This is the method adopted by the Inscriptions group, especially in 2022 and 2023. Impact and Abuse This vulnerability has real-world implications for the Bitcoin network. By allowing data carrier limitations to be bypassed, the network can be flooded with non-transactional…
Tether, the most prominent stablecoin issuer, has made great strides in strengthening cooperation with regulators and law enforcement. As of December 1, Tether implemented a voluntary policy to freeze wallet activity linked to people on the Specially Designated Nationals (SDN) list maintained by the U.S. Office of Foreign Assets Control (OFAC). The following list includes individuals and entities controlled or owned by sanctioned countries. Tether has recently strengthened its commitment to combat cybercrime amid growing concerns about the use of cryptocurrencies for illicit activities, including sponsoring terrorist organizations and illegal drug trafficking. Our proactive efforts to work closely with regulators…
reporter Posted on: December 11, 2023 Disclaimer: The information presented does not constitute financial, investment, trading, or any other type of advice and is solely the opinion of the author. The market structure has remained strong due to overwhelming buying power over the past five days. If DOT closes the session below $6.8, it is likely to retest the $6.3 level. Polkadot (DOT) has tilted strongly northward so far in December. Despite falling from $7.68 over the weekend, the altcoin maintained a bullish market structure. The recent decline in Bitcoin (BTC) has also set DOT back considerably. A near-term resistance…
Tech giant Google has updated its cryptocurrency-related advertising policy to allow ads for cryptocurrency trusts from late January, the same month that a spot Bitcoin (BTC) exchange-traded fund (ETF) is expected to be approved in the United States.Google said in its policy change log on December 6 that its cryptocurrency and related products advertising policy will be updated on January 29, 2024 to allow advertising from “advertisers offering cryptocurrency coin trusts targeting the United States.” .The cryptocurrency coin trust was presented as an example of a “financial instrument that allows investors to trade shares in trusts holding large pools of…
Bullish enthusiasm dominated cryptocurrency Twitter this week as market-wide price gains for Bitcoin, altcoins, and numerous meme coins spread smiles. Unless, of course, you are a cryptocurrency executive who has fallen in the crosshairs of the U.S. government. The Bitcoin ecosystem has continued to rise for several weeks. BTCmany Bitcoin Ordinal CollectionAnd the protocol ORDI Token All made significant profits. On Twitter, enthusiasm for the sprint reached near-insane levels, with many Bitcoin maximalists wishing the world’s leading cryptocurrency would continue rising forever. I don’t care how long you last. You’re not long enough. You need to be more. stronger longer…