The cryptocurrency landscape of 2024 continues to evolve rapidly, with the nature and scale of cryptocurrency-related crime changing significantly. Comprehensive analysis of recent reports and data provides insights into current trends, fundamental challenges and future impact on the industry. Cryptocurrency hacking and fraud trend decreasing According to a Chainalysis report, cryptocurrency hacking incidents decreased significantly in 2023. Hackers stole approximately $1.7 billion from cryptocurrency platforms, a 54.3% decrease from the previous year. Despite this decline, the number of personal hacking cases increased from 219 to 231 in 2022. In particular, North Korea-related organizations were active, with the number of hacking…
Author: Crypto Flexs
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In a significant development for the cryptocurrency market, the U.S. Securities and Exchange Commission (SEC) has initiated the process and extended the deadline for Grayscale Investments’ application for a spot Ethereum ETF. decision deadline. Grayscale’s Ethereum ETF Review Period Grayscale’s application filed with the SEC on October 10, 2023, sought approval to list and trade Grayscale’s stock. Ether Trust on the New York Stock Exchange (NYSE) Arca under the commodity-based trust stock rules. The proposed rule changes were published for public comment in the Federal Register on October 27. In response, the SEC provided an extended period for approving, disapproving,…
XRP price is consolidating above the $0.50 support. If the price closes below the $0.50 support line, the price may gain bearish momentum. XRP is showing bearish signals below the $0.525 and $0.550 resistance levels. The price is currently trading below $0.525 and the 100 simple moving average (4-hours). On the 4-hours chart of the XRP/USD pair, there is a bearish trendline connecting with resistance near $0.520 (data source from Kraken). A break above the $0.520 and $0.525 resistance levels will initiate a new rise for the pair. XRP price re-examination major support Over the past few days, the price…
Layer 1 • January 25, 2024 1:13 PM EST Posted 1 minute ago In ~ Bitcoin Options Open Interest An increase in the number of open puts relative to calls could be a sign of weakness ahead of expiration on Friday.Deribit Chief Commercial Officer Luuk Strijers said the put-call ratio for Bitcoin options across all expiration periods is currently 0.44.“Focusing on tomorrow’s expiration, the ratio is adjusted to 0.52, which means there are more puts compared to calls,” Strijers told The Block. “This suggests a bearish sentiment toward Bitcoin options expiration this month compared to the general trend in open…
Dubai, United Arab Emirates (UAE), January 25, 2024, Chainwire De.Fi, the largest Web3 super app set to launch $DEFI token, has announced Airdrop Season 1. De.Fi reached new heights in 2023 with the wildly successful $10 million public token sale, raising a total of $17 million in funding. The team also launched a $100,000 Community Quest and introduced expanded functionality within the SocialFi platform. Now De.Fi aims to become the first Web3 service to launch a token. However, before the token launch, the De.Fi team decided to please the community by announcing the long-awaited $DEFI Airdrop. This exciting initiative highlights…
Ethereum price is attempting to recover beyond the $2,200 area. ETH could begin a significant rally if it settles above the $2,240 resistance. Ethereum began an upward correction in the $2,165 region. The price is trading below $2,250 and the 100-hour simple moving average. The hourly chart of ETH/USD (data feed via Kraken) shows a near-term bearish trendline forming with resistance near $2,225. A break above the $2,240 resistance could initiate a significant rally. Ethereum price eye recovery Ethereum price has formed a support base above the $2,165 level. ETH appears to be consolidating losses near the $2,200 level and…
As the cryptocurrency market slump deepens this week, Ethereum price remains above $2,200 support, with on-chain signals highlighting increased demand from whales. On January 22, the cryptocurrency market experienced significant bearish headwinds as the price of Bitcoin (BTC) teetered below $40,000 for the first time in 50 days. As of press time on January 25th, global cryptocurrency market capitalization had declined by 7%, with $108.5 billion in valuation wiped within the weekly period. Ethereum (ETH) and cryptocurrency market capitalization performance | Source: TradingView Ethereum (ETH) remained a relatively more resilient performer than the industry average from January 22nd to January…
NavCoin is a decentralized cryptocurrency focused on privacy, security, and ease of use. We leverage a unique combination of technologies to provide a fast and secure way to send and receive digital currency. With a focus on user experience and community-driven development, NavCoin is emerging as a leader in the digital currency space. Let’s take a look at what sets NavCoin apart and why it’s a revolutionary digital currency you should know about. Privacy and Security One of NavCoin’s key features is its commitment to privacy and security. It uses a dual blockchain system that separates public payment information from…
Cryptocurrency analyst Elja on predict According to technical analysis, Ethereum (ETH) will reach a whopping $15,000 by 2025. The analyst claims that the current bearish sentiment in the cryptocurrency market is “temporary.” Moreover, Elja points out that the second most valuable coin by market capitalization follows a similar fractal pattern that fueled major price gains prior to 2021. ETH to $15,000 | Source: Elja on X Despite its current consolidation, is Ethereum ready to be torn apart? Sharing a screen of the current ETH price movement, Elja said that most people in the cryptocurrency industry are short-sighted and only focus…
Bitcoin price is targeting an upward breakout above the $40,500 resistance level. BTC bulls may face strong resistance near $40,850 and $41,350. Bitcoin price is attempting to recover from the $38,500 support zone. The price is trading just above $40,000 and the 100-hour simple moving average. On the hourly chart of the BTC/USD pair (data feed from Kraken), there is a significant bearish trendline forming with resistance near $40,250. The pair may struggle to break above the $40,400 and $40,500 resistance levels. Bitcoin price rise reverses Bitcoin price remained above the $38,500 support zone. BTC has formed a base and…