Author: NBTC
MarketWaves has recently analyzed reports on hacks in the DeFi and Web3 world, specifically examining the De.Fi REKT report. This highlights the losses exceeding 82 million dollars recorded in the month of February 2024. DeFi is expanding rapidly, but with such growth also come threats and vulnerabilities that impact the entire ecosystem. Let’s see below all the details. Emerging Hacks in DeFi and Web3: the complete report Challenges and tips for security Vulnerabilities: analysis of DeFi targets in February 2024 Emerging Hacks in DeFi and Web3: the complete report As anticipated, with the imminent end of February 2024, critical insights…
Ethereum price corrected lower and tested the $2,440 support. ETH is now trading in a range and facing hurdles near the $2,550 and $2,585 levels. Ethereum is attempting a fresh increase from the $2,450 level. The price is trading just above $2,500 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with resistance near $2,510 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bullish momentum if it clears the $2,550 and $2,585 resistance levels. Ethereum Price Holds Key Support Ethereum price started a downside correction below the…
Marathon Digital Holdings Inc. (NASDAQ:MARA) gained 0.37% on Friday. As the stock surged on Friday, traded volumes also increased. The capital gains came after five consecutive days of losses. Though small, the gains signal positive changes in market sentiment, favouring the blockchain stock. Past performance is an important indicator of how the stock may perform in the short-term and medium-term. Before gaining 0.37% on Friday, Mara Digital Holdings shed 24.98% of its value in only 5 days. Year-to-date, the stock has lost 39.45%. However, Marathon Digital makes an interesting stock pick because it is still 140.03% higher than 1-year ago.…
In a whirlwind turn of events, Shibarium, the Layer-2 blockchain solution for Shiba Inu, has experienced an astonishing surge of 375% in network activity overnight. Data from Shibariumscan reveals an unprecedented rise, with new transactions soaring from half a million on Feb. 9 to nearly 2 million on Feb. 10. Such rapid escalation in network activity often hints at potential price fluctuations in associated cryptocurrencies. Correspondingly, this surge coincides with a sustained upward momentum in the price of Shiba Inu (SHIB). Following a period of subdued trading and declining volatility since late January, the SHIB token has witnessed a notable…
The crypto industry has responded to criticism from Hillary Clinton, who said that cryptocurrency can undermine the role of the U.S. dollar as the world’s reserve currency. Galaxy Digital CEO Mike Novogratz argued that the only thing that can undermine the U.S. dollar as a reserve currency is reckless spending by both U.S. political parties. Meanwhile, Elon Musk slammed the U.S. government for using the dollar as a political tool, stating: “We have overplayed our hand in weaponizing the dollar. It was a dumb move.” Bitcoin and U.S. Dollar’s Reserve Currency Status A video featuring former Secretary of State Hillary…
Ethereum’s price has encountered a substantial obstacle following a significant surge last week. The market is currently correcting, and traders are wondering whether a reversal is on the horizon. Technical Analysis By TradingRage Ethereum Price Analysis: The Daily Chart On the daily chart, the price has been very bullish over the last quarter of 2023, increasing by more than $1,000. Recently, ETH has experienced an aggressive rally toward the $2,700 resistance zone. However, this level has decisively rejected the price, and a correction toward the $2,400 area has begun. Meanwhile, the Relative Strength Index still demonstrates values above 50%, indicating…
In a recent discussion within the XRP community, Thomas Silkjær, the head of analytics and compliance at XRPL Foundation, voiced concerns over the emergence of Ethereum Virtual Machine (EVM) sidechains, labeling them as the “single biggest direct attack” on the XRPL protocol. Expressing his personal opinion, Silkjær criticized the promotion of EVM sidechains by entities supposed to advocate for XRPL’s interests. According to Silkjær, these sidechains offer little to no benefit to the XRPL ecosystem, failing to enhance its appeal to new developers or align with its unique development ethos. He highlighted a perceived shift away from the original principles…
Bitcoin broke through $50,000 earlier today, and it has been fluctuating close to that key, psychological level since. Now that the world’s most valuable cryptocurrency by market capitalization has risen above the $50,000 price point (for the first time since 2021), several analysts weighed in on what key variables traders should watch next. “Bitcoin remains in favor with investors, after the ETF approval perked new public interest in the industry,” stated Brett Sifling, an investment advisor for Gerber Kawasaki Wealth & Investment Management. “The next major catalyst is the halving that should happen in the next few months,” he wrote…
In an unexpected turn of events today, self-proclaimed Satoshi Nakamoto Craig Wright took a swipe at Ethereum’s creator, Vitalik Buterin. Wright revisited a series of posts by Buterin in 2017, where he discussed the early versions of the Ethereum protocol. Back then, Buterin had responded to a question about the possibility of building Ethereum on top of Bitcoin, expressing concerns about potential conflicts with Bitcoin’s development team. He cited fears that protocol rules might change, making it difficult for him to build on a base protocol at odds with his vision. Fast forward to January 2024, and Wright seized the…
Ethereum founder Vitalik Buterin, one of the most influential figures in the crypto industry, has recently articulated some provocative views on the subject, stirring robust discussion within the community. At the heart of Buterin’s commentary is the notion of “public legitimacy” — a principle that he suggests both individuals and organizations in the crypto sphere must deeply respect. He reflects on two significant crises: the first involving Sam Bankman-Fried and the second concerning the OpenAI board. Buterin’s main contention is that the foundational sin in both situations was not merely the controversial actions taken but the disregard for a transparent…