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Bitcoin Price Analysis: A Plunge to $56K Is Possible if BTC Fails to Overcome This Resistance

Bitcoin’s price has yet to recover from the recent drop, consolidating without a clear indication of its future direction. However, there are some signs that it could drop further if it’s unable to overcome $60,000 soon. Recall that the largest digital asset slumped hard on Tuesday, dropping from over $63,000 to $58,000, before recovering slightly to its current levels of $60,000. Technical Analysis By TradingRage The Daily Chart On the daily timeframe, the asset has recently...

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Circle Addresses Bug That Could Have Led to Millions in Losses if Exploited

Attackers could have minted up to 35 million USDC on the Noble Bridge if Asymmetric Research had not found the flaws. Asymmetric Research, a blockchain cybersecurity firm, helped Circle identify a bug that could have led to massive losses if not addressed. It existed in Circle’s Cross-Chain Transfer Protocol (CCTP) deployed on the Cosmos network, which allows the firm’s USDC stablecoin to be bridged. Specifically, Asymmetric found the vulnerability in the noble-cctp module of the CCTP. “We...

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BlackRock Launches Ethereum ETF in Brazil on B3 Exchange

BlackRock has introduced an Ethereum Exchange Traded Fund (ETF) in Brazil, marking a significant step in expanding cryptocurrency investment options in the region. The ETF, listed under the code ETHA39, has been launched today, on August 28 on Brazil’s B3 exchange. This product is offered as a Brazilian Depositary Receipt (BDR), a type of certificate representing shares issued by a company outside of Brazil. The expected price for launching ETHA39 is between R$ 40 and R$ 50 ($7.26 to $9.00)...

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WazirX Files for Moratorium in Singapore Court

WazirX said it would take at least six months for the restructuring to occur, after which its users would receive their deposits. The exchange maintains that this approach is the best route for all parties involved. Indian exchange WazirX filed for a moratorium in the Singapore High Court on August 27 under its parent company, Zettai Pte, registered in the city nation. The move comes as the exchange restructures its liabilities under the Singapore Scheme of Agreement after having over $230...

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