Scammers pretend to be inexperienced cryptocurrency users and post seed phrases online for wallets that they believe are full of funds. This plan is a trap. When someone else tries to access your wallet to steal your funds, scammers take advantage of their attempts to steal your cryptocurrency instead.“Scammers have invented a new tactic: They use newly created accounts to post cryptocurrency wallet seed phrases in YouTube comments,” Mikhail Sytnik, an analyst at cybersecurity firm Kaspersky, said in a Dec. 23 blog post.Researchers discovered a comment from a user on a finance video asking how to transfer Tether (USDT) from…
Author: Crypto Flexs
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While Ethereum (ETH) has once again failed to break the stubborn $4,000 resistance level, BlackRock’s iShares Ethereum Trust ETF has quietly accumulated over $1 million of ETH. This milestone reflects strong institutional demand for Ethereum despite price performance remaining weak in 2024. Institutional interest in Ethereum is increasing. Ethereum, the second-largest cryptocurrency by year-to-date (YTD) market capitalization, has risen 43% from around $2,280 on January 1st to $3,283 at the time of this writing. While this is noteworthy, ETH’s performance has been overshadowed by other cryptocurrencies such as XRP, Solana (SOL), and SUI, which have recorded much higher gains over…
james ding December 24, 2024 07:15 BitMEX launches XBTG25, a new Bitcoin futures contract that will be available starting December 24, 2024. The contract expires on February 28, 2025, expanding trading options for investors. BitMEX announced the launch of a new Bitcoin (XBT) futures contract called XBTG25. This contract became tradable on December 24, 2024 at 04:00 UTC, underlined and with margin in Bitcoin. The XBTG25 contract is scheduled to expire on February 28, 2025, providing traders with a new opportunity to participate in Bitcoin futures. Details of the XBTG25 futures contract The XBTG25…
According to on-chain analyst Eugene, Cosmos network developers transferred 295.3 bitcoins. This is the first large-scale transfer in about two years. At the current price of $94,410.82, 295.3 Bitcoin (BTC) is worth approximately $27.8 million. Eugene explained that some of the BTC sold during the recent decline is likely to be funds raised during the Cosmos ICO in 2017, when Cosmos received large contributions from BTC and Ethereum (ETH). This new transfer is not the only one this year, as Cosmos developers also transferred $10.16 million to ETH on November 22nd of this year. Now the developers have sold 295.3…
A widely respected cryptocurrency analyst has said that Ethereum and altcoins are bracing for an uptrend as ETH prints the same pattern as in 2020. In a new video update, cryptocurrency strategist Jason Pizzino told his 344,000 YouTube subscribers that the Ethereum/Bitcoin (ETH/BTC) pair is sending “major altcoin signals.” However, he warned that altcoins still need to fall a little further before market sentiment turns around and triggers a rebound. “In November, ETH/BTC rebounded, but still not above the minimum 4% level, where we are observing an excess balance in the price, the key level being 0.046 (BTC). This will…
ADA’s $0.88 support level remains pivotal as technical indicators hint at a potential rebound. Market sentiment is indecisive, but a break above $0.88 could spark bullish momentum. Cardano (ADA) As we continue to face volatile market conditions, traders are anxious about its future trajectory. At press time, ADA was trading at $0.8811, down 1.12% in the last 24 hours. This decline highlights the importance of key indicators and skill levels in shaping your next move. ADA Price Action Analysis Cardano’s price shows a significant interplay between consolidation and breakout phases. After spending most of 2023 within a range of $0.58…
According to a proposal on the Aave Governance Forum, Aave is considering a new Chainlink oracle integration designed to pass on profits from transaction front-end execution to users of decentralized finance (DeFi) protocols. On December 23, decentralized oracle provider Chainlink launched Smart Value Recapture (SVR), a specialized oracle service that captures profits in maximum extractable value (MEV) to benefit DeFi protocols. On the same day, Aave proposed SVR integration “to reclaim MEV from Aave clearing and return it to the Aave ecosystem.” Block builders benefit from MEV by reordering transactions before publishing completed blocks to the public blockchain ledger. Sometimes,…
This article is also available in Spanish. Bitcoin price extended losses and traded below $100,000. BTC is showing bearish signs and may continue to decline towards the $91,200 support area. Bitcoin began a new decline above the $100,000 resistance zone. The price is trading below $98,000 and the 100-hour simple moving average. The hourly chart of the BTC/USD pair (data feed from Kraken) shows a major bearish trendline forming at resistance $95,850. If it stays above the $92,000 support, it could start a new rally. Bitcoin price falls again Bitcoin price failed to start another rally and losses widened below…
Cryptocurrency and blockchain technology have revolutionized the way we think about digital transactions, but they are not without challenges. EthereumAs one of the most popular blockchain platforms, it faces severe scalability issues that can lead to high transaction fees and slow processing times. Meet Base, Coinbase’s layer 2 (L2) network designed to solve these problems. In this article, we explore what Base is, its key features, integration with the Coinbase ecosystem, technical details, advantages, use cases, and future prospects.What is a base?The base is layer 2 network Developed by Coinbase to improve the scalability and efficiency of the Ethereum blockchain.…
The team behind the largest decentralized cryptocurrency exchange (DEX) by trading volume has confirmed the launch of its highly anticipated layer 1 blockchain, Unichain. Uniswap Labs said in a new blog post that following the successful public testnet phase of the Unichain launch, a public mainnet launch is the next step. The company stated that Unichain will begin transition to mainnet on January 6, 2025. “The next major milestone focuses on decentralization, which is at the heart of Unichain. From day one, the mainnet will allow anyone to check chain activity through permissionless error proofing. This process will begin on…