[ad_1] The year 2024 has recorded unprecedented losses in the cybersecurity landscape. By the end of Q3, they reached $2.11 billion in total, surpassing all the losses from 2023, Cyvers’ report shows.The year has witnessed a sharp increase in hacking incidents. This highlights a growing threat landscape that necessitates immediate attention, as shown by the significant breach of WazirX and DMM Bitcoin exchange.In the first three quarters of 2024, losses have already exceeded the total for 2023. Key statistics illustrate this trend: from January to September 2023, losses amounted to $1.23 billion, while the total for January to December 2023…
Author: dfrancis36
[ad_1] The Japanese financial regulator is preparing to review cryptocurrency regulations, potentially lowering crypto taxes and paving the way for a digital assets exchange-traded fund (ETF). Crypto Review In Japan The Need Of The Hour Speaking with Bloomberg on the condition of anonymity, an official at Japan’s Financial Services Agency (FSA) said that in the coming months, the agency will conduct a comprehensive review of existing crypto regulations. The review’s primary focus will be to determine whether the current method of regulating digital assets under the Payments Act is adequate. Specifically, the FSA will assess if the act provides sufficient…
[ad_1] On-chain data shows Shiba Inu is among the altcoins that have enjoyed a sharp uptick in interest from the whales over the past week. Shiba Inu Whale Transaction Count Has Just Seen A Massive Surge In a new post on X, the on-chain analytics firm Santiment has discussed about the trend in the Whale Transaction Count for various top altcoins. The “Whale Transaction Count” here refers to an indicator that keeps track of the total amount of transfers happening on a given network that are carrying a value of at least $100,000. Transactions of this scale are typically associated…
[ad_1] Bitcoin is back to red at press time, looking at the performance in the daily chart. After the close of the unexpectedly bullish September bar, the coin started on a weaker footing in October, dropping nearly 5% from the $65,000 and $66,000 resistance zone. Will Bitcoin Follow Global M2 Money Supply Growth To $90,000? Despite the contraction, traders are confident of what lies ahead, expecting the coin to turn the corner and print higher. In a post on X, one analyst predicts Bitcoin will reach $90,000 in the next two months, especially if it continues tracking the global M2…
[ad_1] Este artículo también está disponible en español. Bonk continues its bullish rally as ‘Uptober’ begins, sparking a bullish sentiment among investors after the recent fear of a major pullback. The memecoin sensation kickstarted its Q4 journey positively, reclaiming crucial levels, with investors and crypto analysts forecasting a green weekly close. Related Reading BONK Closes Q3 With 13% Surge Bonk has seen a remarkable performance throughout the past two weeks, jumping 60% since September 15. The memecoin broke above the multi-month downtrend line after successfully reclaiming the $0.000022 resistance level last Friday, registering a 38% surge in the past week.…
[ad_1] After successfully listing Bitcoin and Ethereum exchange-traded funds (ETFs) on US exchanges, Bitwise is now moving towards creating an XRP ETF and has already registered a trust entity in the state of Delaware on Tuesday.An XRP ETF TrustThe newly registered firm appeared on the US state’s Division of Corporations website, and Bitwise confirmed its authenticity on multiple media platforms.“We can now confirm that this is both legitimate and from Bitwise,” a Bitwise spokesperson told crypto-focused publication Coindesk, confirming the filing was real.The official confirmation was necessary, as earlier, similar illegitimate filings of potential XRP ETFs pumped the token’s price.…
[ad_1] Este artículo también está disponible en español. Ripple’s XRP token amassed close to $1 billion in open interest over the weekend, while its price hovers around $0.61 at press time, data from CoinGlass shows. What’s Different About XRP Price Action? While the top two cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH), have been down 1.5% and 2.3% over the past week, XRP has been up 4.1% during the same period. Several factors could explain XRP’s counter-trend price action. For example, digital asset manager Grayscale Investments recently launched a closed-end XRP Trust in the US, enabling institutional investors to gain exposure…
[ad_1] The US-based trading platform Robinhood has expanded its cryptocurrency offerings in Europe, introducing a new feature that allows users to deposit and withdraw digital assets through external platforms. This update marks a significant development for the platform, as European users previously faced limitations in moving their digital currencies. Broader Access To Crypto Transfers And Trading Options According to the press release uploaded earlier today, starting from October 1, Robinhood Markets’ crypto arm, Robinhood Crypto would now provide its European users with the option to make crypto transfers, thereby enhancing the platform’s functionality for its users in Europe. With this…
[ad_1] Dogecoin extended losses and traded below $0.1120 against the US Dollar. DOGE is now stable above $0.100 and attempting a rebound. DOGE price started another decline below the $0.1150 and $0.1120 levels. The price is trading below the $0.1120 level and the 100-hourly simple moving average. There is a major bearish trend line forming with resistance at $0.1175 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could start another increase if it clears the $0.1120 and $0.1175 resistance levels. Dogecoin Price Trims Gains Dogecoin price failed to continue to higher above the $0.1320…
[ad_1] Bitcoin is now trading at a crucial level following a 5% dip from its recent local highs of around $66,500. The entire crypto market is experiencing volatility, yet investors remain optimistic about the months ahead. The Federal Reserve’s decision to cut interest rates has significantly boosted market sentiment, fueling expectations for a strong recovery. Key data from CryptoQuant reveals that the average BTC investor has seen impressive returns this year, further bolstering the positive outlook. Despite the recent pullback, many investors believe that Bitcoin’s long-term trend remains bullish, with some expecting a potential surge in the coming weeks. As…