The promise of altcoin season has become an important focus for cryptocurrency enthusiasts and investors as it brings major changes to the market. Technically, this marks the beginning of a massive capital rotation from Bitcoin (BTC) to altcoins like Solana (SOL). Currently, well-known indices point to the beginning of the altcoin season, which may bring new opportunities for investors in the cryptocurrency market. The start of altcoin season The altcoin season index recently hit a high of 76 out of 100. Therefore, the critical point of 75 points has been exceeded. This rise marks the official start of the long-awaited…
Author: Crypto Flexs
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On January 14, 2024, cryptocurrency exchange Bitfinex successfully prevented an exploit attempt targeting nearly $15 billion worth of XRP, effectively preventing a serious security threat. This event highlights ongoing challenges and security risks in the digital currency space. At the core of this incident was ‘partial payment exploit’, a known vulnerability in the XRP ledger partial payment function. An anonymous attacker attempted to leverage this vulnerability by exploiting a potential misconfiguration in Bitfinex’s system. Typically in these exploits, attackers rely on the victim’s system to only read the “amount” field of an XRP transaction, which is intentionally set to a…
A spot Bitcoin ETF has been approved, but hiccups have begun. One stablecoin is released and Bitcoin takes off for the moon and gets lost in space?! This week we bring you these stories and more in cryptocurrency. Bitcoin makes history On Wednesday, the US SEC finally approved 11 spot Bitcoin ETFs in a process that began in 2013 when the Winklevoss twins first sought approval. On the first trading day, trading volume exceeded $4 billion on the New York Stock Exchange, NASDAQ, and CBOE. Grayscale’s Bitcoin ETF accounted for half of the trading volume, with $1 billion coming in…
Even though the U.S. Securities and Exchange Commission (SEC) has approved the approval of a spot Bitcoin ETF, TD Cowen, a prominent American investment bank and financial services company, predicts that the approval process for the Ethereum spot ETF is likely to be delayed. Ethereum Spot ETF Faces Potential Hold TD Cowen, the investment banking and financial services division of TD Securities, made a bold prediction. American stock exchange It is highly unlikely that the Ethereum Spot ETF will be approved before the deadline. Currently, the SEC is mandated to make a final decision on the rejection or acceptance of…
Moody’s, a global financial services company known for its credit ratings, said the growing adoption of blockchain-based tokenized funds is increasing the efficiency of investing in assets such as government bonds, suggesting “untapped market potential.”Tokenized funds may also pose technology-related risks, requiring fund managers to have more diverse technology expertise, Moody’s analysts said in a report today.The growth of bond token funds is primarily fueled by investments in government securities, with returns becoming more attractive following a series of recent interest rate hikes by the U.S. Federal Reserve, Moody’s said. The issuance of tokenized funds by traditional institutions and cryptocurrency…
The 2024 meme coin season is underway with Pepe Coin, Dogecoin, and Shiba Inu on the rise. PEPE has emerged as the leader in the recent surge, boasting an impressive increase of over 20% since the start of the new year. Shiba Inu has surged its price by more than 15%, adding more than $400 million to its market capitalization. Dogecoin has also achieved an impressive 13% price increase so far. These recent meme coin pumps, combined with the announcement of a spot Bitcoin ETF on January 11, 2024, have filled the hearts of investors and holders with a lot…
The amount of investment products flowing into digital assets reached $1.18 billion. Despite the launch of Bitcoin ETFs, capital inflows of $1.18 billion failed to break the October 2021 record of $1.5 billion, according to a CoinShares report. At the same time, trading volume broke records, reaching an all-time high of $17.5 billion last week, compared to an average of $2 billion per week in 2022. These volumes accounted for nearly 90% of daily volume. Jan 12 Trustworthy Exchange. Experts added that geographically, the United States saw inflows worth $1.24 billion last week. Leaks have been recorded in countries including…
Market sentiment surrounding Chainlink remained weak despite the price rise. Several indicators for LINK were bullish, suggesting further price rises. Chainlink (LINK) Its value has risen sharply in the past 24 hours, making it one of the few cryptocurrencies in the top 20 list to record double-digit growth. So, does LINK have any chance of entering the top 10 market capitalization club? Chainlink bulls are getting serious. AMBCrypto was there before reported How the much-anticipated ETF approval turned out to be bearish for the king of cryptocurrencies; Bitcoin (BTC). However, Chainlink behaved differently as its price soared. According to CoinMarketCap,…
Diamonds have long been revered as one of the world’s most precious and sought-after gemstones. Known for their brilliance, rarity and durability, diamonds hold a special place in jewelry and investments. But what exactly makes diamonds so valuable? And what is the secret behind their charm? Let’s delve into the mystery behind this coveted gem. formation of diamonds Diamonds form deep in the Earth’s mantle under extreme heat and pressure. The diamond formation process begins with carbon atoms arranged in a crystal lattice structure. Over millions of years, these carbon atoms undergo tremendous pressure and temperature, resulting in the formation…
Ripple CEO Brad Garlinghouse will attend the World Economic Forum (WEF) in Davos this week from January 15 to 19, 2024. This year in particular marks a significant shift in Ripple’s participation in the WEF, shifting from peripheral events to direct participation in the forum’s central discussions. Garlinghouse will be a key participant in the “Clear-Eyed about Crypto” panel on 18 January from 17:30 to 18:15 CET. The WEF website outlines the panel’s agenda, which explores different global attitudes toward digital currencies, from their acceptance as a cornerstone of innovation and inclusive finance to outright bans. The panel collaborates with…