Tag Archives: AA News

Bitcoin’s fast-rising price is attracting traders and speculators back into the market, on-chain data suggests. In a Tuesday newsletter, blockchain intelligence firm Glassnode highlighted how risk appetite is increasing across various cohorts of the Bitcoin market, including institutional buyers and short-term holders alike. Bitcoin Holders Back In Profit Since the start of the year, Bitcoin has enjoyed massive capital flows, with the asset’s realized cap rising by $30...

Deposits made to Tornado Cash using IPFS gateways through IPFS gateways like – ipfs.io, cf-ipfs.com, and eth.link – may have been compromised, potentially exposing users’ deposited funds to risk, according to pseudonymous Tornado Cash developer ‘Gas404.’ Affected users were advised to take immediate action to safeguard their deposits. User Deposits Vulnerable According to a blog post by Gas404, the community made a startling discovery about the presence of malicious...

The Virtual Asset Trading Platform (VATP) is a license provided by the government of Hong Kong that allows crypto exchanges to operate within the bounds of the region. Although the license has been available for several years now, only two exchanges – HashKey and OSL – are currently in possession of one. A number of applicants have been on the waitlist for a while – including HTX, formerly known as Huobi, until yesterday, when the firm withdrew its application. Earlier Plans...

Ethereum has witnessed a notable surge in the past week as its Layer 2 TVL nears the $30 billion milestone with sustained momentum. As shown by L2Beat, the cryptocurrency, second only to Bitcoin in market capitalization, has shown an upward trajectory. It is worth highlighting that assets and tokens associated with its ecosystem have also demonstrated positive movements. Arbitrum Leads Ethereum L2 TVL Surge Ethereum is up more than 10% over the last week to trade at $3,254, a...

Solana-based investment products had seen steady inflows throughout the year after intensive performance and reliability improvements. However, investor confidence took a hit due to a network outage lasting five hours earlier this month, caused by a bug that caused transactions to enter an infinite loop, thereby impacting the network’s functionality. Solana’s Troubles Continue Among altcoins, only investment products tied to Solana experienced outflows, which surged to $3...

Hong Kong-based cryptocurrency exchange BitForex has stopped all withdrawals for at least three days, leaving users puzzled and worried about the safety of their assets. This incident was revealed when blockchain sleuth ZachXBT flagged suspicious activity on the platform, sparking fears of a potential exit scam. Exit Scam Suspicions and Halted Withdrawals ZachXBT, in a post dated February 26, expressed concerns about potential irregularities involving BitForex, suggesting the...

Could Bitcoin ETFs become larger investment vehicles than gold ETFs? Bloomberg analysts say it might happen in as quickly as under 24 months. Will Bitcoin Pass Gold? In a post to X on Monday, Bloomberg ETF analyst Eric Balchunas outlined how Gold ETFs have been gutted in recent weeks precisely as Bitcoin ETFs have absorbed over $5 billion of inflows following their launch last month. In a note co-authored with Andre Yapp of Bloomberg Intelligence, the analysts wrote: “The...

The price of the largest cryptocurrency by market cap took a sudden liftoff and shot up by more than two and a half grand in minutes to a new 26-month peak of over $53,500. The altcoins have also turned green, with ETH soaring even further above $3,100 and BNB nearing and briefly surpassing $400 for the first time since May 2022. BTCUSD. Source: TradingViewCryptoPotato reported earlier that BTC’s price had stalled as the asset was unable to overcome $52,000 during the weekend...

After an impressive run, spot Bitcoin ETFs appear to have hit a snag as inflows saw a minor reduction. Lookonchain’s latest analysis reveals a concerning trend in the cryptocurrency market as Bitcoin ETFs experience a significant decrease in inflows. Bitcoin Inflows Hit Snag According to the provided data, only 18,477 BTC, equivalent to $951 million, were added across 8 ETFs from 12th February to 16th February, marking a stark contrast to the previous week’s influx of 47,961...

Amidst surging network activity, striking parallels between Dogecoin’s recent price action and its historical behavior in 2020 have emerged. Just as before, DOGE has broken out of a descending triangle formation and is now in a consolidation phase, reminiscent of its previous trajectory. In 2020, this pattern preceded an astounding surge of 28,770%. Crypto analyst Ali Martinez suggested that history might repeat itself, hinting at the possibility of another substantial bull...