Author: Haliys Smit

Sui network’s ascension: Navigating remarkable DeFi surge with impressive growth trends Crypto News: The Sui network, a prominent player in the decentralized finance (DeFi) landscape, has experienced a remarkable surge in transactions and total value locked (TVL) in tandem with the broader bullish trend seen across the cryptocurrency market. According to recent data from DeFiLlama, the TVL on the Sui blockchain skyrocketed to an impressive US$593 million on February 19th, accompanied by a 24-hour trading volume of nearly US$280 million. This surge in TVL reflects a substantial increase from the network’s initial figure of US$211 million at the onset of…

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XRP price surge: Analyzing market sentiment and managing risk amidst cryptocurrency volatility Crypto News: XRP price recently experienced a surge, reaching US$0.56 on February 19th, marking a gain of 0.39%. Despite facing resistance around US$0.60, optimism prevailed among traders following Ripple’s acquisition announcement of Standard Custody on February 13th. This acquisition news further boosted XRP’s price by 12% within 48 hours. However, the broader crypto market cooled off after the closure of Bitcoin ETF trading on February 16th, causing XRP’s price to drop by 7% to US$0.54 by February 18th. Market Sentiment and Derivatives Trading: Despite the recent downturn, derivatives…

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Cardano (ADA) price surges amidst cryptocurrency market downturn: A comprehensive analysis Crypto News: In the tumultuous landscape of cryptocurrency markets, Cardano (ADA) has emerged as a beacon of resilience, defying recent downturns with a remarkable surge in the crypto price. Over the past week, ADA price has seen a substantial 14% increase, a feat attributed to a confluence of factors including robust ecosystem growth, and burgeoning investor confidence. A recent report by Messari for Q4 2023 provides compelling insights into Cardano’s flourishing ecosystem. Total Value Locked on the network witnessed an astounding 166% quarter-over-quarter surge, soaring to a record-breaking US$450…

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Bitcoin Price Prediction: Will It Cross US$55,000 This Week? The cryptocurrency market is ready Bitcoin, the leading cryptocurrency by market capitalization, has been on a strong uptrend since the beginning of 2024, reaching new all-time highs above US$50k in the last 2 years. The coin, which aims to be a global, decentralized, and peer-to-peer payment system, has been boosted by several factors, such as institutional adoption, regulatory clarity, innovation, and network effects. The question is: can Bitcoin break above US$55k this week and continue its bullish momentum? Bitcoin’s Current Price and Latest News As of 19 February 2024, Bitcoin is…

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Cybersecurity Crisis: FixedFloat Exchange Ransacked for $26 Million in Cryptocurrencies In a recent post on Feb. 18, the FixedFloat team addressed a significant issue that had rocked the cryptocurrency community. The news first surfaced through blockchain researcher @reprove, who reported a breach at the crypto exchange. While the details surrounding the hack remain undisclosed, the developers characterized it as a “minor problem.” Nevertheless, they acknowledged a loss of at least 1,700 Ethereum (ETH), valued at approximately $4.7 million at the time of writing. The incident has ignited speculation regarding the potential involvement of FixedFloat developers in the theft. Some have…

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Analyzing strategic whales’ moves in XRP: A potential catalyst for crypto price rally Crypto News: In the ever-evolving landscape of cryptocurrencies, strategic maneuvers by large investors, often referred to as whales, can offer valuable insights into the market’s future direction. Recently, XRP, one of the leading cryptocurrencies, has caught the attention of analysts and investors alike due to notable activities observed among its whale addresses. Despite experiencing a modest 9% gain over the week, XRP’s on-chain metrics reveal intriguing dynamics that hint at a potential price rally fueled by strategic whale accumulation. The Santiment supply by addresses chart serves as…

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March 2024 forecast: Shiba Inu’s potential price surge in the cryptocurrency market. Shiba Inu (SHIB) is a decentralized meme token that has gained popularity in the cryptocurrency market since its launch in August 2020. Because of its cheap price and large supply, the Shiba Inu Price is worth considering. This makes it a popular option for investors and cryptocurrency aficionados. A well-known emblem in the cryptocurrency industry, the Shiba Inu logo was inspired by the Shiba Inu dog breed. The decentralized exchange ShibaSwap, the community website ShibArmy, and the nonprofit organization Shiba Rescue are all part of the Shiba Inu…

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Coin Metrics Debunks the Myth of 51% Attacks on Bitcoin and Ethereum According to recent research conducted by Coin Metrics, both Bitcoin (BTC) and Ethereum (ETH) are considered immune from 51% attacks. A 51% attack refers to a malicious actor owning more than 51% of the mining hash rate in a proof-of-work system or 51% of staked crypto in a proof-of-stake network. The research from Coin Metrics indicates that it is no longer financially viable for nation-states or malicious actors to destroy the Bitcoin and Ethereum networks through 51% attacks. The astronomical costs associated with carrying out such attacks act…

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Bitcoin has attracted renewed attention from investors who are optimistic about its future trajectory Bitcoin, the pioneering cryptocurrency, continues to demonstrate resilience as it maintains its position around the $52,000 mark. After surpassing the significant milestone of $50,000, Bitcoin’s price has attracted renewed attention from investors who are optimistic about its future trajectory. Despite facing occasional volatility, Bitcoin’s stability in this price range indicates growing confidence in its long-term potential. One of the most intriguing developments in the crypto sphere is the unexpected acknowledgment from Massachusetts Senator Elizabeth Warren regarding Bitcoin’s creator, Satoshi Nakamoto. Despite her previous reservations about Bitcoin…

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In just two years, Bitcoin crosses the US$1 trillion market cap, an incredible milestone. The market capitalization of Bitcoin, the biggest and most well-known cryptocurrency in the world, crossed US$1 trillion in late 2021, marking a significant milestone. According to Coin Metrics, the digital asset surged 4% from the previous day to reach a more than two-year high of US$52,079.00. The increasing popularity of bitcoin exchange-traded funds (ETFs) in the United States, the expectation of the impending halving event, and the upbeat mood in the cryptocurrency community all contributed to bitcoin’s remarkable rise. Exchange-traded funds (ETFs) that follow the price…

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