Author: Crypto News
In a shocking revelation that has sent ripples through the cryptocurrency world, major security flaws have been uncovered in several popular crypto platforms, including Dogecoin, Lightning Network, and Proton Wallet. These vulnerabilities have exposed millions of users to potential hacking attempts, highlighting the persistent technical risks associated with digital assets. Dogecoin’s Double-Spend Risk Researchers have identified a critical flaw in Dogecoin’s codebase that could allow malicious actors to execute double-spend attacks. This vulnerability, if exploited, could lead to significant financial losses for Dogecoin holders and exchanges. Lightning Network’s Privacy Concerns The Lightning Network, a second-layer solution designed to make Bitcoin…
In a historic moment for the cryptocurrency market, Bitcoin surged past the $100,000 mark, reaching an all-time high of $103,000 on Thursday. This milestone comes as President Donald Trump’s administration signals a more favorable stance towards digital currencies, sparking optimism among investors and industry experts alike. Trump Celebrates Bitcoin’s Milestone President Trump took to his social media platform, Truth Social, to congratulate Bitcoin supporters, stating, “CONGRATULATIONS BITCOINERS!!! WE’RE WINNING!!!” He attributed the rally to his election victory last month, emphasizing his commitment to “Make America Great Again”. Regulatory Shift Fuels Optimism The appointment of Paul Atkins as the new Securities…
TapSwap, the wildly popular tap-to-earn mobile game, has unveiled its latest set of daily codes for December 13, 2024, much to the delight of its massive player base. These codes offer players an opportunity to significantly enhance their in-game earnings and unlock additional rewards.With over 60 million active users, TapSwap has become a global phenomenon in the mobile gaming industry. The game’s simple yet addictive mechanics, combined with the potential for real-world earnings, have contributed to its widespread appeal.The daily code system has become a cornerstone of TapSwap’s player engagement strategy. By releasing new codes each day, the game keeps…
In a significant development for the cryptocurrency mining industry, Canaan Inc., a leading provider of supercomputing solutions, has inked a deal with AGM Group Holdings Inc. for the supply of 2,000 bitcoin mining machines from its cutting-edge Avalon A15 series. This substantial order marks a pivotal moment in the expansion of bitcoin mining operations and underscores the growing demand for high-performance mining equipment.The agreement between Canaan and AGM Group goes beyond the initial order, as it includes an option for AGM to purchase an additional 30,000 machines. If exercised, this option could potentially add a staggering 300 MW of mining…
In a significant event for the cryptocurrency market, a substantial number of Bitcoin (BTC) and Ethereum (ETH) options contracts expired today, revealing a generally optimistic outlook among traders. Bitcoin Options Expiry A total of 21,000 Bitcoin options contracts reached their expiration date, with the Put Call Ratio standing at 0.83. This ratio, being below 1, suggests a slightly bullish sentiment in the market. The Maxpain point, which represents the price at which option buyers would experience the maximum financial loss, was recorded at $98,000. Ethereum Options Expiry The Ethereum options market saw an even larger expiry event, with 164,000 contracts…
Despite Bitcoin’s recent surge to nearly $98,000, some analysts remain highly optimistic about its future trajectory. Industry experts and financial institutions are projecting significant growth for the world’s leading cryptocurrency over the next few years, with price targets ranging from $200,000 to as high as $500,000 by 2025. Bernstein’s Conservative Estimate Analysts at Bernstein, a prominent research and brokerage firm, have set a “conservative” target price of $200,000 for Bitcoin by the end of 2025. Gautam Chhugani, who leads Bernstein’s digital assets division, emphasized the asset’s limited supply in the face of rising U.S. debt levels, which currently stand at…
President-elect Donald Trump has announced the appointment of David Sacks, a prominent venture capitalist and former PayPal Chief Operating Officer, as the White House AI and Crypto “Czar”. This newly created role underscores the incoming administration’s focus on emerging technologies and their impact on American competitiveness. Sacks’ Background and Expertise David Sacks brings a wealth of experience to his new position: PayPal Mafia: Sacks is considered part of the influential “PayPal Mafia,” a group of early PayPal executives who went on to found or invest in numerous successful tech ventures. Entrepreneurial Success: He founded Yammer, an enterprise social networking tool,…
The cryptocurrency market experienced a rollercoaster ride as Bitcoin surged to new heights, breaching the $100,000 mark for the first time in its history. This milestone was quickly followed by a significant correction, leading to massive market liquidations exceeding $1 billion. Record-Breaking Liquidations The total market liquidations reached a staggering $1.09 billion, with Bitcoin alone accounting for $565 million. This event has been dubbed the largest liquidation since August, highlighting the extreme volatility in the crypto space. Bitcoin’s Price Movement Bitcoin’s price journey has been nothing short of dramatic: New All-Time High: The leading cryptocurrency reached a new all-time high…
President-elect Donald Trump has nominated Paul Atkins, a former SEC commissioner and cryptocurrency advocate, to chair the Securities and Exchange Commission (SEC). This appointment signals a potential shift towards more lenient crypto regulations and has been met with enthusiasm from the digital asset industry. A Crypto-Friendly Choice Atkins, who served as an SEC commissioner from 2002 to 2008, is known for his pro-crypto stance and advocacy for clearer, more consistent oversight of digital assets. His selection represents a stark contrast to the approach of outgoing SEC Chair Gary Gensler, who has been criticized for his stringent enforcement actions against crypto…
In a historic moment for the cryptocurrency market, Bitcoin has officially broken through the $100,000 barrier, reaching a new all-time high of $103,900 on December 5th, 2024. This milestone marks a significant achievement for the world’s leading digital currency, which has more than doubled in value since the beginning of the year. Factors Driving the Surge Trump’s Pro-Crypto Stance The recent surge in Bitcoin’s price is largely attributed to the election of Donald Trump as the 47th President of the United States. Trump’s campaign featured pro-crypto messaging, including promises to transform the U.S. into a “crypto capital” and a “Bitcoin…