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…

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…

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…

Unraveling Binance’s transfer of 200 million XRP tokens: A catalyst for speculation Crypto News: In the world of cryptocurrencies, where each transaction can sway market sentiment and trigger ripples across digital asset ecosystems, the recent transfer of 200 million XRP tokens by Binance has become a central focus of curiosity. This sizable movement, valued at approximately US$105 million, has not only catalyzed a 4% increase in the value of XRP but has also reignited discussions surrounding the underlying dynamics of the XRP network amidst a backdrop of uncertainty and declining fundamentals. Whale Alert: Tracking High-Value Transactions The transfer, initially flagged…

XRP Price Boosted by BTC-Spot ETFs and SEC Pressure XRP, the native token of the Ripple network, gained 2.48% on Wednesday, closing the session at $0.5378. The price increase was driven by the positive market sentiment fueled by the BTC-spot ETF market inflows. However, XRP still faces challenges from the ongoing SEC v Ripple case and the scrutiny over SEC Chair Gary Gensler. BTC-Spot ETF Market Inflows Boost XRP On Tuesday, the BTC-spot ETF market registered net inflows of $631.2 million, indicating a strong demand for crypto exposure from Wall Street investors. The iShares Bitcoin Trust (IBIT), the first and…

Shiba Inu-Powered Token Sharbi Unveils FETCH: A Game-Changing DeFi Bridge The team behind Sharbi, a Shiba Inu-backed token, has introduced a groundbreaking DeFi bridge named FETCH, aimed at enhancing blockchain interoperability and revolutionizing cross-chain liquidity transfer within the Shiba Inu ecosystem. This innovative solution facilitates seamless connectivity between Shibarium, Ethereum, and the layer-2 network Arbitrum, opening new avenues for decentralized finance (DeFi) participants. Breaking Down FETCH: A Multichain Bridging Solution FETCH represents a multichain bridging solution designed to overcome the limitations of standalone blockchains by enabling the transfer of liquidity and cryptocurrencies across different networks. Developed using solidity, a…

Gaming token unlock events: Stay informed, adapt strategies for market volatility The gaming token market stands at a critical juncture as it braces for a series of significant unlocks slated to occur between now and the end of February. These unlocks, encompassing tokens such as SAND, PRIME, APE, IMX, YGG, and GMT, are poised to inject a substantial volume of tokens into circulation, potentially reshaping market dynamics and influencing prices. Traders and investors are closely monitoring these developments, anticipating potential sell pressure stemming from the influx of tokens. Scheduled releases of tokens are set to cover a spectrum of allocations,…

Here’s a detailed analysis of Ethereum price action and key resistance levels Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has been making significant strides in recent trading sessions, with its price surging past the $2,690 mark. As investors closely monitor market movements, Ethereum’s bullish momentum signals potential for further gains in the near term. Here’s a detailed analysis of Ethereum price action and key resistance levels. The current price of Ethereum stands at $2,628.38, reflecting a notable surge of 11.40% over the past seven days and a 16.67% increase over the past 60 days. This upward trend in Ethereum’s…

Crypto in 2024: Innovation, adoption, and challenges amid growth, diversity, and impact The year 2024 is expected to be a pivotal one for the crypto industry, as several factors could influence its growth, adoption, and innovation. From the Bitcoin halving and the launch of spot ETFs, to the rise of stablecoins and tokenized assets, to the regulatory and geopolitical developments, there is a lot to look forward to and prepare for in the next 12 months. But what do the experts say about the crypto trends, risks, and rewards in 2024? We have compiled some of the most insightful predictions…

Solana price surge of 10% to $115 reflects the cryptocurrency’s resilience and attractiveness Solana price surge of 10% to $115: Solana (SOL), a prominent cryptocurrency, has witnessed a substantial surge in its price, marking an impressive 10% increase to reach $115. This surge has surpassed the performance of major cryptocurrencies like Bitcoin and Ethereum. The bullish momentum has propelled SOL close to the $115 level, reaching a high of $114.98. Despite this remarkable rally, the price shows no signs of upside exhaustion, indicating continued bullish sentiment in the market. Factors Driving the Rally: Bitcoin’s Bullish Outlook: The bullish outlook on…