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The price of XRP is experiencing a decline, with a classic bearish pattern signaling more potential downside. This development comes as the digital asset market continues to face volatility and uncertainty. XRP, like other cryptocurrencies, has seen price fluctuations due to various factors such as market sentiment, regulatory developments, and macroeconomic trends. The recent bearish [...]
The recent surge in Bitcoin prices came to a halt as the White House confirmed the imposition of a 10% tariff on $300 billion worth of Chinese goods. This sudden development has raised concerns about the future trajectory of Bitcoin’s value. Will BTC plummet to new lows in response to this news? The cryptocurrency market [...]
The post Bitcoin Rally Dampened as White House Confirms 104% China Tariffs – Is BTC Headed for New Lows? appeared first on Crypto Breaking News.
The US Senate has officially confirmed the nomination of Paul Atkins as the new chair of the Securities and Exchange Commission (SEC). This appointment shows a vote of confidence in Atkins’ experience and expertise in the financial industry. Atkins has a long history in the regulatory and financial sector, having previously served as an SEC [...]
The post Paul Atkins Confirmed by US Senate to Head SEC in Trump Administration appeared first on Crypto Breaking News.
Paul Atkins, former SEC commissioner, recently appeared before a Senate committee hearing to discuss financial disclosure rules. During the hearing, Atkins faced questions regarding his spouse’s financial dealings and the potential conflicts of interest they may pose. Atkins’ wife, a prominent lobbyist, has been the subject of scrutiny due to her clients’ interests potentially conflicting [...]
The post SEC Nominee Atkins Reveals Assets Worth Over $327 Million Prior to Confirmation Hearing appeared first on Crypto Breaking News.
Bitcoin Analysts Foresee Market Correction, Emphasize Long-Term Growth Potential Bitcoin enthusiasts and investors are closely watching the cryptocurrency’s recent price fluctuations as analysts predict a potential market correction. Despite the current volatility, experts stress that this is not the end of the typical four-year cycle that Bitcoin experiences. The recent shakeout in the market has [...]
The post Analysts Dispel Bitcoin “Shakeout” Rumors, Confirming 4-Year Cycle Continues appeared first on Crypto Breaking News.
Thirteen years ago to the day, the enigmatic creator of Bitcoin, Satoshi Nakamoto, pronounced a quote that has since reverberated across various contexts. This prominent aphorism: “If you don’t believe me or don’t get it, I don’t have time to try to convince you, sorry,” was Nakamoto’s curt response to questions surrounding the potential solutions [...]
The post Decade-Old Wisdom: Unpacking Satoshi Nakamoto’s Definitive Quote on Bitcoin Transaction Challenges, 13 Years On appeared first on Crypto Breaking News.
On June 28, 2023, Bitcoin saw its first downward difficulty adjustment in 56 days, or since May 4, with a decline of 3.26%. This modification lowered the network’s difficulty to 50.65 trillion from its record high of 52.35 trillion on June 14. Bitcoin Mining Gets a Breather: Difficulty Decreases by 3.26% in Recent Adjustment Today, [...]
The post Bitcoin Difficulty Takes a Dip: Network’s First Downward Adjustment in 56 Days Signals Easier Mining Ahead appeared first on Crypto Breaking News.
The number of Bitcoin Ordinal inscriptions on the blockchain is nearing 19 million, a trend that has continued for the past 218 days since December 16, 2022. Statistics indicate that miners have accrued roughly 1,847.66 BTC in fees, worth about $55.29 million, confirming the millions of Ordinal inscriptions. Bitcoin’s Ordinal Inscriptions Near 19 Million As [...]
The post Ordinal Inscriptions Approach 19 Million Amid Stagnant Fees, Bitcoin NFT Sales Drop appeared first on Crypto Breaking News.
Cryptocurrency exchange Huobi has confirmed planned layoffs at the company as part of the measures being taken to navigate the tough market conditions. The news comes as the native Huobi Token (HT/USD) traded at lows of $4.70, down more than 11% in the past week. Huobi to slash 20% of employees Reuters reported on Friday ... Read more
<p>The post Huobi confirms 20% lay-offs as Justin Sun downplays latest FUD | Invezz first appeared on CCNC.</p>
ParaSwap, a decentralized exchange aggregator that provides the best prices over multiple DEXs on the Ethereum blockchain, has today confirmed it is investigating a possible private key hack. The exploit was brought to the attention of ParaSwap early today by Blockchain security firm Supremacy Inc. through a tweet thread.
The Supermacy warning read: “Your deployer address private key may have been compromised (possibly due to Profanity vulnerability). Funds have been stolen on multiple chains.”
ParaSwap investigating the issueIn a quick response to the posts by Supermacy ParaSwap team confirmed that it was looking into the issue saying:
“We’re investigating, but the address has no power after the deployment. Just paid the gas and retired. Profanity addresses usually have trailing zeros.”
Supermacy had included an Etherscan link to ParaSwap’s deployer contract address showing that someone accessed the aggregator’s private key and made several transactions on Fantom (FTM/USD), BNB Chain (BNB/USD), and Ethereum (ETH/USD). The transactions show that the hacker only transferred a few hundred dollars in each of the transactions.
While ParaSwap did not confirm the transaction, it did not deny any of the vulnerabilities as stated by Supermacy.
Later after confirming it was investigating the possible attack, ParaSwap in a follow-up tweet reported not finding any sign of an exploit on its deployer address. The tweet read:
“No vulnerability found! We’ll follow up with analysis & an explanation of what’s a deployer address and how we made sure they have no power at all!”
The post ParaSwap confirms it is investigating possible private key exploit appeared first on Invezz.
Tesla and Spacex CEO Elon Musk has revealed that his two companies are seeing significant inflation pressure in raw materials and logistics. He advised people to own physical things when inflation is high but stressed he will not sell his cryptocurrencies: bitcoin, ether, and dogecoin. Elon Musk Discusses High Inflation The CEO of Tesla and […]
Weiss Crypto, the subsidiary of financial ratings firm Weiss Ratings slammed Cardano’s partnership with Confirm, describing it as a “bad move all around.”
Although Bitcoin’s network transaction fees have decreased and a portion of the unconfirmed transfer backlog has diminished, the protocol still grapples with over 289,000 transactions awaiting confirmation. As of this writing, more than 218 blocks must be processed to fully alleviate this congestion. Bitcoin’s Lingering Transaction Backlog Data collected on May 20, 2023, at 1:35 [...]
The post Bitcoin Transaction Backlog Shrinks, but Over 289,000 Still Await Confirmation appeared first on Crypto Breaking News.
The U.S. Securities and Exchange Commission (SEC) has concluded its investigation into Gemini cryptocurrency exchange without taking any enforcement action. The SEC’s decision brings a sense of relief to Gemini and its founders, Cameron and Tyler Winklevoss. Gemini has been under the SEC’s radar for a while, as regulators examined various aspects of the exchange’s [...]
The post Gemini Cleared as SEC Closes Investigation, Confirms Winklevoss appeared first on Crypto Breaking News.
In the past week, the Bitcoin network has made progress in resolving its congestion issues. On May 7, 2023, the number of unconfirmed transactions reached an all-time high of over 500,000 transfers, causing a major backlog. However, as of today, that number has been reduced to 263,406. Currently, 184 blocks need to be cleared to [...]
The post Bitcoin Makes Progress in Clearing Backlog, but Lightning Network Capacity and Channels Dropped Amid Congestion appeared first on Crypto Breaking News.
Metrics like the number of confirmed payments can be used to gauge investor activity on the Bitcoin network.
Despite the broader crypto-economy experiencing a downward trajectory, dropping 1.59% in the past 24 hours and hovering around $1.11 trillion, the BRC20 token economy has bucked this trend, expanding from $279 million to over $427 million within five days. Impervious to Market Slump, BRC20 Tokens Defy the Odds Built atop the Bitcoin blockchain, the recently [...]
The post BRC20 Token Economy Thrives Amidst Crypto Downturn, Surging 53% in Five Days appeared first on Crypto Breaking News.
In just under two weeks, the number of unconfirmed transactions on the Bitcoin network has skyrocketed from 134,000 to over 390,000, causing a bottleneck in the mempool. This surge in unconfirmed transactions has resulted in a staggering 343% increase in transaction fees, which have risen from $1.99 per transaction on April 26 to a current [...]
The post Bitcoin Network Overwhelmed by 390,000 Unconfirmed Transactions and Surging Fees appeared first on Crypto Breaking News.
In a year marked by historic milestones, the Bitcoin network has recorded its most active period ever, processing the highest number of confirmed transactions per day. The network reached an all-time high on May 1, 2023, with 682,281 transactions. This unprecedented activity began its upward trend in April and has been attributed to the rise [...]
The post Bitcoin’s Historic Surge: Record 682,281 Transactions in a Day Mark 2023 as Year of Increased Activity appeared first on Crypto Breaking News.
Although the Bitcoin blockchain’s average transaction fees have decreased since surpassing $30 per transfer on May 8, there are still over 257,000 pending transactions awaiting confirmation. Furthermore, from May 1 onwards, the network has successfully verified anywhere from 355,000 to over 682,000 transactions per day. Presently, approximately 188 blocks or 0.343 gigabytes must be mined [...]
The post Bitcoin Fees Decrease, But Over 257,000 Pending Transactions Await Confirmation appeared first on Crypto Breaking News.
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