Crypto news

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After six months of sideways chop, multiple on-chain indicators say Bitcoin may finally be prepared for an epic price breakout, analysts say. These predictions would line up with separate forecasts of an upcoming bull market based on seasonal factors, with Bitcoin soon to transition from one of its worst-to-best months on record. Bitcoin’s Bottom Signals As noted by CryptoQuant author Amr Taha, Bitcoin’s Puell multiple has reached a low of 0.4 for the first time since the end...

The number of addresses holding Tron’s native token TRX for the long term has skyrocketed over the past 12 months, according to data from the blockchain intelligence firm IntoTheBlock. A tweet from the market analytics platform revealed that the Tron network currently has nearly 90 million long-term holder addresses, representing a 237% increase in the past year. TRX Long-term Holders Are Increasing IntoTheBlock said the increase in TRX’s long-term holder addresses shows...

Kujira and its partner join the Rujira Alliance to create a new DeFi app layer for THORChain. The integration will use the new RUJI token, while current KUJI token holders will be impacted. Kujira, a decentralized finance (DeFi) network, has announced the formation of the Rujira Alliance in collaboration with three important ecosystem partners: Fusion (FUZN), Unstake (NTSK), and Wink. This new cooperation intends to create a novel application layer for the cross-chain liquidity protocol...

A wallet associated with the defunct crypto exchange FTX and its sister company Alameda Research has redeemed 177,693 Solana (SOL) tokens, valued at approximately $23.75 million, from the Solana Proof-of-Stake (PoS) network. The movement, highlighted by PeckShield in a September 12 post on X, has reignited speculation within the crypto community about a potential selloff of the tokens. Speculation Rises After FTX/Alameda Wallet Movements Additional data from Solscan shows...

Indodax, a leading cryptocurrency exchange based in Indonesia, has been hit by a significant security breach, leading to losses estimated at approximately $15.7 million. PeckShield, a cybersecurity firm, first identified the exploit that saw significant cryptocurrency movements from Indodax’s wallets. The breach affected roughly $15.7 million in digital assets, including large quantities of Ethereum and other tokens. Another security firm, Cyvers Alerts, confirmed the suspicious activity. It...

On Tuesday, Singapore’s Deputy Prime Minister, Gan Kim Yong, addressed Parliament regarding concerns about Worldcoin’s operations in the country. The concerns were on threats such as improper use of Worldcoin accounts and the possibility of the accounts being used to conduct money laundering. Gan Kim Yong stressed that Worldcoin does not currently operate as a payment service provider under Singapore’s Payment Services Act (PS Act). However, he stated that trading Worldcoin accounts would...

Ethereum co-founder Vitalik Buterin has announced a shift in his endorsement strategy for Layer 2 (L2) scaling solutions. Beginning in 2025, he will only publicly support L2 projects that have reached at least Stage 1 in their development, with a possible short grace period for new and genuinely interesting projects. Buterin Shifts Focus to Layer 2 Projects “I take this seriously,” he wrote in an X post.  “Starting next year, I plan to only publicly mention L2s that are stage...

[PRESS RELEASE – New York, New York, September 12th, 2024] Leading web3 accelerator program Beacon has announced the launch of its fourth and largest cohort to date. Beacon, which finances projects from pre-seed to Series A, has selected 17 promising companies for its latest three-month program, marking a significant expansion from previous cohorts. The latest group is composed of the highest-profile firms in the history of Beacon, which was launched by Polygon co-founder...