Inferno Drainer, one of the most popular cryptocurrency wallet drain kits, says it will be shutting down for good after helping phishers steal about $70 million worth of cryptocurrency this year. “It’s time for us to move on,” the Inferno Drainer team said in a November 26 Telegram post. However, it said the files and infrastructure needed to run the wallet drainer will not be destroyed, but instead will remain active to allow users to make a “seamless transition” to other services.“It’s been a long journey with all of you. Thank you very much (sic). Unfortunately, nothing lasts forever.”“A huge…
Author: Crypto Flexs
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USDC stablecoin issuer Circle has expanded its presence in Japan by partnering with Japanese securities and banking giant SBI Holdings.in name Announced on Monday, Circle said it has signed a memorandum of understanding (MoU) with SBI Holdings. This includes “SBI Group and Circle working for the first time to distribute USDC and expand the use of stablecoins in Japan.”SBI VC Trade is currently seeking to register domestically as an electronic payment service to distribute USDC stablecoins within Japan. Japan is an economic powerhouse expected to fall to fourth place in the world this year. estimate of the International Monetary Fund.SBI…
Coinbase CEO Brian Armstrong recently shared his top interests in the cryptocurrency space. Armstrong is currently optimistic about on-chain advertising, on-chain gaming, layer 2 privacy, and on-chain peer-to-peer exchanges. The Coinbase Chief’s comments come ahead of the first Coinbase Ventures Summit scheduled for October 2023. Brian Armstrong, the head of the largest cryptocurrency exchange in the United States, recently shared his top interests in the cryptocurrency space. The Coinbase founder and CEO urged DeFi builders to focus on 10 ideas he believes are important to the broader cryptocurrency space to support the next generation of cryptocurrency startups. Brian Armstrong urges…
Cardano (ADA) is gaining speed above the $0.350 resistance line. ADA is showing strong bullish signals and may rise to $0.400 or $0.420. ADA price outperformed Bitcoin and bounced above the $0.350 resistance. The price is trading above $0.350 and the 100 simple moving average (4-hours). On the 4-hours chart of the ADA/USD pair, there is a major bullish trend line forming with support near $0.3505 (data source from Kraken). The pair could move higher to the $0.400 level or even $0.420. It looks like the Cardano price rise is not over yet Over the past few days, Cardano has…
What is the Vault12 app?The Vault12 app is an intelligent digital vault that knows how to back up and support the inheritance of digital assets such as passwords, PINs, seed phrases, private keys, NFTs, files associated with them, and digital artwork. It basically protects everything you know and love in the Web3 world. What is the difference between Wallet and Vault?One of the questions we hear a lot is “What is the difference between a wallet and a safe?”Basically, a wallet is initialized using a seed phrase or private key and interacts with the blockchain, allowing you to send, receive,…
Arbitrum’s decentralized exchange (DEX), Vertex Protocol (VRTX), is experiencing increasing spot and perpetual trading volume. VRTX price rose 33% in 24 hours, up $0.44, or 89%, from $0.22 on November 22. Total value locked (TVL) reached $32 million. Most altcoins are trading at nearly year-long highs after reflecting Bitcoin’s rise to over $38,000, its highest price in 18 months. While the overall market outlook is optimistic, analysts are pointing to a potential upside for BTC. Here’s what you need to know about Vertex Protocol (VRTX) next week. Vertex (VRTX) Vertex Protocol is Arbitrum’s decentralized exchange (DEX) offering spot, perpetual, and…
Recently, the governing body of Cosmos Hub approved significant changes to the blockchain economic model. The community has decided to lower the maximum inflation rate for ATOM, the native token of the Cosmos Hub, from the current approximately 14% to a new upper limit of 10%. This change is expected to reduce the Annual Percentage Rate (APR) on staking from approximately 19% to approximately 13.4%. ATOM plays a central role in the Cosmos Hub ecosystem and supports staking, governance, transaction fee. The inflation rate adjustment plan received mixed reactions, with 41.1% in favor and 38.5% opposed. The decision remained on…
XRP, injectable (INJ), eCash (XEC), Ivy (HBAR), and Graph (GRT) is an altcoin that is all set to see some interesting developments in November, which could impact its price. October had a positive impact on the cryptocurrency market, and the upward trend continued in November. The five altcoins below could be gaining more attention this month. Ripple (XRP) Swell Conference Approach Price: $0.70 Market capitalization: $37.622 trillion Rank: #4 The first altcoin for November is XRP due to the Ripple Swell conference taking place in Dubai on November 8-9. This conference always receives a lot of attention, but expectations are…
Extreme greed is propping up the cryptocurrency market, Sam Bankman-Fried is taking a stand, and Binance is eating a huge chunk out of its founder’s net worth. But how much? Stick around. This week we bring you these stories and more in cryptocurrency. Bitcoin at 18-month high Optimism fueled by expectations for spot ETFs has pushed Bitcoin to its highest level since May of last year, recording a stunning daily gain of 14%. At the same time, the Crypto Fear & Greed Index, which measures market sentiment, also reached its highest level since Bitcoin’s all-time high in November 2021. Higher…
Bitcoin has suffered recent declines, but the expiration of a significant number of BTC options today could impact performance over the weekend. Bitcoin price has corrected since reaching a high of $38,000 on November 16.Today’s expiration of approximately 35,000 Bitcoin options contracts worth approximately $1.3 billion, according to Deribit, is a significant event in the cryptocurrency market.Current dynamics of Bitcoin and Ethereum marketsThe put/call ratio for Bitcoin options today is 0.49, which indicates that there are more long-term contract sellers compared to short-term sellers.Deribit also highlighted that the total outstanding amount of Bitcoin options stands at $14.6 billion. Interestingly, open…