Author: NBTC
Crypto exchange ByBit says everyone is affected by the suspected hack of one of its cold wallets leading to the theft of almost $1.4 billion in Ethereum. During a live stream X platform, ByBit’s head of derivatives and Institutions, Shunyet Jan, precisely said “to be honest right now, everyone is affected.” JUST IN: Bybit when asked how many users are affected by the $1.4 billion hack “To be honest, right now, everyone is affected.” pic.twitter.com/rwkJTcGnsz — Watcher.Guru (@WatcherGuru) February 21, 2025 It’s not exactly clear how everyone is affected by the incident, given that only Bybit’s ETH cold wallet was…
The co-founders of the blockchain analysis platform Glassnode are laying out how Bitcoin (BTC) can reclaim six figures and more. Glassnode and Swissblock co-founders Jan Happel and Yann Alleman, who share the social media handle Negentropic, start by comparing BTC’s current situation to a similar scenario from a few years back. “Let’s look at the period from December 2020 to February 2021, which corresponds to a similar cycle phase and comparable price action. At that time, the outflow of liquidity coincided with a price correction, but network growth persisted. Likewise, when the price stabilized and a new influx of liquidity…
Dogecoin (DOGE) whales have actively conducted massive DOGE transactions in the past 24 hours. Their activity has resonated in the market, triggering a price rebound for the meme coin. This development has stirred the interest of investors in the ecosystem as they strategize to benefit from the price resurgence. Whale transactions signal optimism for DOGE Notably, data from IntoTheBlock reveals that transactions worth more than $100,000 recorded within the DOGE ecosystem are valued at over $23 billion. This includes inter-wallet transfers, outright sales and movement between exchanges. This suggests that DOGE whales might think a possible future price movement is…
The hashrate of Bitcoin has been declining for a few weeks. Taking as a reference the seven-day moving average calculated by Hashrate Index, after reaching the new all-time high at 850 Eh/s on February 8th, just a few days later it had already returned to 812 Eh/s. A couple of days ago it had returned to 841 Eh/s, but today it is back to 816. The records of Bitcoin’s hashrate The difficult market conditions The cost of mining Energy consumption The records of Bitcoin’s hashrate The global Bitcoin hashrate is an estimate that measures the computing power allocated overall in…
Bitcoin, the number one cryptocurrency by market cap, has put an abrupt stop to opinion pieces about an impending bear market by suddenly adding more than $3,000 to its price tag within just hours. Earlier today, the flagship cryptocurrency slipped to as low as $91,315 on the Bitstamp exchange. It plunged to the lowest level since Nov. 26. The cryptocurrency’s plunge prompted speculation about the end of Bitcoin’s bull markets. However, these concerns were rather premature given that the cryptocurrency has managed to pare its losses within a relatively short span of time and turn green on the daily chart.…
The establishment of the IOTA-Imperial College Lab underscores its commitment to research and innovation. IOTA has rebounded from a critical Fibonacci retracement level, with analysts predicting next price targets of $0.6258, $0.7232, and $0.8101. The IOTA ecosystem has indeed gone through a complete transformation in the past year. It is now at the forefront of distributed ledger technology, having increased its usage cases and defined its market presence. Recent developments point to the progress IOTA has made in tokenization, digital trade finance, regulatory compliance, and decentralized infrastructure, per the CNF report. A Look At Key Achievements In 2024 Amongst its…
Bitcoin mining is a tough business. When one considers deploying economic resources to mine traditional commodities such as gold, copper or oil, prospecting for those resources in the field is always done beforehand, to ensure that any capital invested in a mining project will not be in vain. But due to the very nature of Bitcoin’s security protocol, miners are not able to prospect for anything, since finding a block is a purely statistical and random event. Since there are only 144 blocks to be found per day, there is no way to ensure that a miner’s work will be…
A crypto strategist known for accurately calling Bitcoin’s retracement earlier this year warns that BTC is flashing signals that could lead to an extended corrective period. Pseudonymous analyst Rekt Capital tells his 524,500 followers on the social media platform X that BTC shattered two support levels on the weekly chart, suggesting that its short-term uptrend has come to an end. According to the analyst, the price action indicates that BTC could take a breather in the coming weeks. “The weekly support has been lost. The five-week technical uptrend is over (orange). Bitcoin is showing increasing signs of transitioning into a…
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. There was no shortage of crypto price predictions this year, particularly (it seemed) in November and December after the election. Some had been eyeing the $125,000 level for BTC at the end of 2024, while others did warn of a pullback. Where we stood at 2:10 pm ET Monday: BTC at ~$94,300 and ETH at ~$3,400. Bitcoin has dropped roughly 12% since rising above $108,000 on Dec. 17. Ether was trading higher than the $4,000 mark that day, but has fallen 15% since. 21Shares research strategist…
Ripple, the San Francisco-based blockchain behemoth, which operates the currently third largest cryptocurrency XRP, has issued a tweet that highlights the recent official release of the company’s new product RLUSD and shares details of it, as well as access to the whitepaper. “Say hello to Ripple USD” In the aforementioned Ripple post, the company invited the crypto community to “say hello to Ripple USD” — a product “backed by over 10 years of on-chain experience.” The post also contains a link leading the Ripple website where anyone can gain access to the RLUSD whitepaper. The RLUSD page on Ripple’s website…