Category: Cryptocurrency News

Bitcoin (BTC) soared by over 5% on Tuesday to trade above $26,000 for the first time this week. A major contributor to this price rise was an increase in positive sentiment around the token as a result of Franklin Templeton, a $1.45 trillion asset manager, filing for a spot bitcoin ETF with the US Securities and Exchange Commission (SEC) However, as the market euphoria dies down, the premier cryptocurrency has experienced some market recorrection, with many investors now speculating on the token’s next movement. On this note, popular crypto analyst Ali Martinez has discovered a buy signal for BTC investors. However, there are certain conditions to be met. Related Reading: FTX Modifies Bitcoin And Crypto Sale Proposal For Court Last Minute $28,350 or $31,800, How High Can Bitcoin Go? According to an X post on Tuesday, Ali Martinez states that the TD sequential indicator has produced a buy signal on Bitcoin’s weekly chart. Therefore, BTC could be set for a price rally after losing about 10.85% of its market value in the last 30 days.  #Bitcoin | As we navigate a week with key financial events, it’s crucial to highlight that the TD Sequential indicator has signaled a ‘buy’ on the $BTC weekly chart. For this to be validated, #BTC needs to close above the week above $25,600. If confirmed, targets could be… pic.twitter.com/0S06I5AndB — Ali (@ali_charts) September 12, 2023 For context, the Tom Denmark (TD) sequential indicator is a technical analysis tool used to identify the exact time of trend exhaustion and price reversal. However, Martinez notes there is a clause to his latest prediction. In order to confirm the buy signal generated by the TD sequential indicator, Bitcoin must close this week trading above $25,600. Upon fulfilling this condition, the analyst predicts that BTC could trade as high as $28,350-$31,800 in the coming weeks.  CPI Report Incoming: What Could This Mean For BTC Market? In other news, many BTC investors and crypto investors are likely on high alert, waiting for the United States to publish its monthly CPI data report, which is slated for release on Wednesday.  The Consumer Price Index, which measures the percentage change in the price of a basket of goods and services, is a popular indicator of inflation.  Related Reading: Bitcoin Price Signals Another Bearish Formation and Could Revisit $25K If the upcoming CPI report presents a rise in inflation for the month of August, it may prompt the US Federal Reserve to hike interest rates, which is popularly known to induce a dip in the demand for risk assets such as Bitcoin and other cryptocurrencies. At the time of writing, Bitcoin is trading at $26,136.30 with price gains of 1.64% in the last seven days, respectively. Meanwhile, the token’s daily trading volume declined 24.19% and is now valued at $14.83 billion.  Bitcoin trading at $26,135.86 on the hourly chart | Source: BTCUSDT chart on Tradingview.com Featured image from CNET, chart from Tradingview.

The animated series, accessible only to NFT holders, had a cast that included Vitalik Buterin, Gary Vaynerchuk and Hollywood A-listers.

Just a few days we had the very funny and meanwhile also sad news of a Bitcoin transaction by some unknown entity taking a $510k fee, that was a massive 479867 times the overpayment of the usual fee, the only plausible reason for this actually was that some fat finger was in the cause, but…
Read more

submitted by /u/daGscheid [link] [comments]

On Tuesday, September 12, centralized crypto exchange CoinEx became the latest victim of a hack. At the time of the reports, over $27 million in crypto had already been carted away by the attackers. However, almost 24 hours later, the reports rolling in suggest that the exchange may have lost double the amounts that were originally reported. CoinEx Crypto Losses Rise To $55.5 Million The initial reports for the CoinEx hack showed that the attackers were able to move around $27.8 million from the exchange. But as investigators dig further into the attack, the losses have come up to around $55.5 million in crypto lost so far. Related Reading: Tron’s Justin Sun Mulls Over Making A Move On FTX’s Crypto Stash, Here’s Why According to a breakdown posted by Wu Blockchain, a platform run by Chinese reported Colin Wu, the losses extended into lesser-known tokens as well. The majority of the losses were from assets such as Ethereum, Bitcoin, and XRP, with assets on the BSC, Polygon, and Kadena blockchain also running into the millions. The ETH amount drained alone came out to over $18 million, as shown in the breakdown, while over $11 million was stolen in Tron’s TRX token. Other notable transactions include $6 million in XRP, over $6.2 million in BNB, $5.9 million in Bitcoin (BTC), $2.5 million in Solana’s SOL, $1.7 million in Dagger’s XDAG, and $1.12 million in Kadena’s KDA. There was also a little over $440,000 stolen in Bitcoin Cash’s BCH. Over $55.5 million confirmed stolen so far | Source: CoinEx Hacker Balance Sheet At the time of writing, a total of $55,567,468 has been confirmed stolen from the hacking incident from the exchange. The crypto stolen from the crypto exchange was sent to 19 wallet addresses spanning 12 blockchains. Hack Continues To Unravel In the aftermath of what has been the largest centralized crypto exchange hack in 2023, CoinEx has promised to compensate all of its affected users in full. The statement which came a couple of hours after the incident was identified told users: You have our solemn promise that a detailed timeline and comprehensive report about this incident will be shared with the community as swiftly as possible. Related Reading: Why The NASDAQ’s Latest Move Is Important For Fund Managers Filing Ethereum ETFs For now, users are unable to transact on the crypto exchange as deposits and withdrawals remain unavailable. However, the exchange said in its statement that this was only a temporary measure and that these activities “will resume after a thorough review.” Over the day, the exchange has also taken to posting the wallet addresses it has identified to be linked to the attack. This is being done in an effort to raise awareness about their activities. “We urge affected projects and fellow industry colleagues to assist in flagging and freezing these questionable addresses,” CoinEx said in an X post. Market recovers in the wake of exchange hack | Source: Crypto Total Market Cap on Tradingview.com Featured image from Money Times, chart from Tradingview.com

This week, The Market Report discusses Bitcoin’s recent dip below $25,000 and what it means for the near future. Was it a discount or a disaster?

Using the WaybackMachine, we can see that the domain was up and running as early as Dec 22, 1996 (although the page supposedly first went live in 1993). Prior to 2018, the domain name crypto.com was owned for more than two decades by a cryptography professor Matt Blaze, who used the domain to spread the…
Read more

Telegram Messenger has unveiled a self-custodial crypto wallet for its more than 800 million active users worldwide. This move comes almost three years after the popular messaging platform initially revealed its plans to delve into the Web3 space. The crypto wallet is built on The Open Network (TON) and will be accessible via settings on Telegram’s messaging app. On the back of this announcement, the price of Toncoin (TON’s native token) surged by almost 8%. Telegram Finally Integrates Crypto Wallet On Messaging Platform On Wednesday, September 13, The Open Network announced the partnership with Telegram at the Token2049 event in Singapore. This collaboration will provide the messaging platform’s 800 million users access to a self-custodial crypto wallet. As part of the integration, projects built on the TON blockchain will receive priority access to Telegram Ads, the app’s advertising platform. This was confirmed via an X (formerly Twitter) post by Anthony Tsivarev, Director of Developer Relations at TON. Related Reading: Arthur Hayes Predicts Early 2024 Crypto Bull Run And Ascent Of Filecoin John Hyman, Telegram’s Chief Investment Officer, commented on this development: Telegram’s mission has always been to enable freedom of speech, but speech is so much more in this digital age. We believe users have the right to own their identities and assets. With TON Space, users now have the technology to make that convenient. With this announcement, we are putting digital ownership rights in the hands of our entire user base. While also giving TON projects the tools to reach our audience in the largest Web3/Web2 integration there has ever been. Telegram initiated plans to build a Web3 ecosystem as far back as 2019. Unfortunately, the messaging platform had to cool off its initiative with The Open Network in 2020 due to a lawsuit from the United States Securities and Exchange Commission (SEC). In 2019, the SEC filed a lawsuit against Telegram for raising $1.7 billion through the initial coin offering (ICO) of a token (called Grams), which the regulatory body deemed as an unregistered security. The messaging platform resolved this issue by paying an $18.5 million fine and returning unused investor funds. TON Maintains Positive Momentum – Price Overview In the wake of this announcement, Toncoin registered a nearly 8% price spike. The cryptocurrency currently sits as one of the top gainers in the market today, with a substantial 13% price increase in the last 24 hours. Interestingly, this latest price movement only underscores the token’s market performance in recent weeks. According to data from CoinGecko, the price of TON has soared by more than 36% in the past month. Related Reading: Solana Potential Rebound: Can Bulls Hit Their $30 Target? This positive performance is even more impressive, considering the sluggish condition of the cryptocurrency market in the past few weeks. Most top altcoins, including ETH, XRP, and SOL, have been struggling due to the current market sentiment. While the TON token is currently valued at $1.94, seeing if this latest burst of positivity can drive the cryptocurrency above $2 would be interesting. Nevertheless, Toncoin ranks as the 12th-largest cryptocurrency, with a market cap of roughly $6.68 billion. Toncoin price resumes bullish trend on daily timeframe | Source: TONUSDT chart on TradingView   Featured image from Unsplash, chart from TradingView