Posts

Showing posts with the label altcoin news

Stacks (STX) Price Rallies by 65%

Image
The price of STX has been on the rise becasue of the new Ordinals Protocols. It is a new protocol that allows NFTs to be stored on the Bitcoin blockchain . advertisement Stacks (STX) Bags Inflows In the last two weeks, Stacks noted a massive price surge, but today, the altcoin exploded and rose by 66.84%. In doing so, the coin marked a local top of $0.6831. But the bullishness over the last 30 days combined with the cues from the broader market is the actual reason behind this rise. Source – CoinMarketCap According to data from the crypto market tracker CoinMarketCap, STX has observed rising bullishness since the beginning of this year, after successfully marking a bullish crossover on the day before. In the past four weeks, the token has surged nearly 120%, putting it among the top-performing cryptocurrencies so far. Transaction Volume Soars by 500% Stacks (STX) is currently ranked the 52nd-largest digital asset by market capitalization, but...

Dogecoin Price Prediction as Elon Musk Talks to Fox News Owner About Dogecoin During SuperBowl – Time to Buy?

Image
Source: TradingView The Dogecoin price has fallen by 1.5% in the last hour and by 4% in the past 24 hours, dropping to $0.080716 amid a similar fall for the cryptocurrency market as a whole. The altcoin is also down by 12% in a week and by 4% in the last 30 days, dragged down -- like much of the market -- by regulatory uncertainty (most recently surrounding Paxos and BUSD). However, despite negativity, dogecoin enjoyed some good news over the weekend, with the Super Bowl providing images of Elon Musk wearing a Dogecoin T-shirt while sitting next to Fox News-owner Rupert Murdoch. Such footage has provided further fuel for hopes that Musk will follow through on earlier hints that he might add DOGE payments to Twitter. Dogecoin Price Prediction as Elon Musk Talks to Fox News Owner About Dogecoin During SuperBowl – Time to Buy? DOGE is an awkward position, technicals-wise. Its 30-day moving average (red) has peaked in relation to its 200-day (blue), and it appears ...

Bitcoin and Ethereum Price Prediction: Is Regulation Backlash Selloff Overdone?

Image
Bitcoin, the world's largest cryptocurrency, fell 5% to $21,800 on Friday, continuing its downward trend. In the meantime, Ethereum was down 4.93% and trading near $1,544.48. However, many factors could be responsible for its prolonged decline.  Everything has had a negative impact on cryptocurrencies, whether it is the increased threat of hacking in the crypto industry or the most recent concern that the United States may restrict crypto staking. Bearish Crypto Market The global cryptocurrency market has continued to fall, dropping more than 3% on the day as new regulatory concerns frightened investors around the world. The drop in cryptocurrency prices was precipitated by reports that the United States would outlaw cryptocurrency staking.  Last night, Coinbase CEO Brian Armstrong stated that restricting crypto staking would be a "bad route" for the US. As a result of the latest developments at Kraken and the SEC, BTC has fallen below $22,000, and Eth...

Best Crypto to Buy Today 9 February – MEMAG, SAND, FGHT, NEAR, CCHG

Image
The cryptocurrency market is facing a dip so far Thursday, with many top coins experiencing losses as regulatory authorities increase their focus on the industry. Bitcoin, the leading cryptocurrency , faced a dip and briefly reached a four-week low of $22,408 before recovering to prices around $22,715. This drop comes after a strong performance in January, where the price of Bitcoin rose almost 40% since the start of the year, reviving expectations for a bull market. According to CoinMarketCap , other major cryptocurrencies such as Binance Coin, Cardano, and Dogecoin saw similar price trends, with daily losses of 3.07%, 3.11%, and 4.05%, respectively. The market dip comes in the wake of news that the U.S. Securities and Exchange Commission is investigating popular cryptocurrency exchange Kraken for alleged securities law violations. The investigation is reportedly at an advanced stage and could lead to a settlement in the coming days. In a separate development , Co...

North Korean Hackers Launder Staggering $27 Million in Ethereum from Recent Harmony Bridge Attack: Here's What You Need to Know

Image
North Korea's capital Pyongyang. Source: Adobe/Oleg Znamenskiy In the aftermath of last year’s attack against the cross-chain bridge provider Harmony, North Korean hackers, who are widely blamed for the incident, are believed to have just finished laundering some ETH 17,278, worth more than $27 million, according to industry observers.  Crypto hack investigator ZachXBT compiled data from a number of exchanges to come up with the figure, directing a shoutout "to the exchanges who responded quickly on a weekend so funds could be frozen". The researcher also linked to a report containing more than 350 associated crypto addresses. Later on Jan. 29, ZachXBT disclosed in a tweet that, to date, the researcher has "been able to map out 895 BTC in withdrawals to 14 addresses from the exchanges." Earlier this month, ZachXBT said that "North Korea’s Lazarus Group had a very busy weekend moving $63.5m (~41000 ETH) from the Harmony bridge hack throug...