Author: News Room

A crypto whale transferred 12,000 ETH to Binance on Wednesday, according to Lookonchain. Ether rose 11% on Wednesday despite regulatory concerns. The options market remains more bearish on ether than bitcoin. An investor holding a large amount of ether (ETH), a so-called whale, who began trading the Ethereum blockchain’s native token in 2017 moved a large chunk of it to crypto exchange Binance on Wednesday, in a possible precursor to liquidating the holding. Roughly 18 hours ago, the address x50b42514389F25E1f471C8F03f6f5954df0204b0 transferred 12,000 ETH (worth $42.8 million at the time) to Binance, according to blockchain sleuth Lookonchain. That’s about 0.01% of…

Apple india has reportedly removed the Bybit app from its App Store on March 22. This development has left many Indian iPhone and MacBook users unable to access or download the app through the platform. Just In : Due to regulatory uncertainty, Today #Bybit crypto exchange app has been removed from the Apple App Store in India 🇮🇳. — Pushpendra Singh (@pushpendrakum) March 22, 2024 The decision follows a trend that began about two months ago when Apple began removing several cryptocurrency apps from its Indian App Store, coinciding with regulatory actions against these platforms. ‍ Regulatory Scrutiny On December…

Cryptocurrency traders constantly look for the next big project to yield significant profits. However, not all of their investments result in massive gains. A recent report by Lookonchain revealed that a trader lost more than $1 million within three days. When Buying High Doesn’t Result In Selling Higher According to the blockchain research platform Lookonchain, a crypto trader lost 6,039 SOL over the last three days after FOMO-buying a memecoin. Per the report, the trader bought Slerf (SLERF) for 4,958 SOL, worth around $1 million. The different transactions occurred when the price hovered between $0.8 and $1.4 on its launch…

In a recent academic breakthrough, researchers have exposed a severe vulnerability within Apple’s M-series chips, primarily affecting the security of crypto assets. This flaw, detailed in a publication by scholars from prestigious institutions, enables attackers to access secret keys during cryptographic operations. How MacBooks Are Vulnerable to Crypto Hacks The issue is deeply ingrained in the microarchitecture of Apple’s M1 and M2 chips. Consequently, a direct patch is impossible. Instead, mitigation requires adjustments in third-party cryptographic software, potentially compromising performance. At the heart of this vulnerability is the data memory-dependent prefetcher (DMP) in these chips. This feature aims to predict…

Technical indicators suggest Ethereum ($ETH), the world’s second-largest cryptocurrency by market capitalization, could see its price climb above $5,400 this year, according to data shared by a cryptocurrency analyst. The analysis, based on the Mayer Multiple oscillator, which is calculated “as the ratio between price, and the 200-day moving average” points to the possibility of Ether reaching the upper band of the indicator, as reported. Ethereum is at the time of writing trading at $3,300 after losing over 10% of its value over the past week amid a wider cryptocurrency market downturn that has seen Bitcoin plunge from a new…

Robert Mitchnick, BlackRock’s Head of Digital Assets, indicated a tepid interest from the firm’s client base in an Ethereum exchange-traded fund (ETF), starkly contrasting the growing demand for Bitcoin. This revelation came during the Bitcoin Investor Day conference in New York, where Mitchnick shared insights into the company’s digital asset strategy and its reception among investors. No Interest in Ethereum ETF Despite the growing interest in various cryptocurrencies, BlackRock’s clientele exhibits a pronounced preference for Bitcoin, relegating Ethereum to the sidelines. Mitchnick’s comments reflect a critical assessment of the demand within the crypto market, suggesting that, aside from Bitcoin, the…

Ripple’s chief executive believes the U.S. Securities and Exchange Commission (SEC) will be unsuccessful in classifying ether as a security, similar to how the agency lost its legal battle, for the most part, against XRP. Noting that the SEC has been “losing badly in courts” against crypto firms, the Ripple CEO stated: “At what point […] Read the full article here

The native token of a crypto project focused on real-world asset (RWA) tokenization has surged 69% in the past week amid the rollout of a new private blockchain. Polymesh (POLYX) is a public blockchain purpose-built for RWA tokenization. The project’s native token, POLYX, is trading at $0.415 at time of writing, up from $0.245 one week ago. The 192nd-ranked crypto asset by market cap is up 7% in the past 24 hours. On Monday, the project announced the launch of Polymesh Private, a confidential version of the network’s public permissioned blockchain. Polymesh notes that companies can use the new private…

Macro investor and fund manager Dan Tapiero believes the bull market cycle for Bitcoin (BTC) is still in its early stages. The CEO of investment firm 10T Holdings tells his 114,500 followers on the social media platform X that Bitcoin could soar 3x from its current value in the next year or two. “Conservative again on BTC price. A mere 3x over next 12-24 months. Bull market just in its third inning now.” Since there are nine innings in a baseball game, he suggests Bitcoin’s upward momentum will continue for a while. He also says there may be price volatility,…

The blockchain infrastructure project Espresso Systems has raised $28 million in a Series B funding round led by investment giant Andreessen Horowitz (a16z). Espresso aims to increase interoperability between Ethereum (ETH) rollups by building a marketplace where rollups can sell the right to build their blocks to bidders. Rollups are solutions that execute transactions outside of Ethereum’s blockchain but record the transactional data. Espresso notes that Polygon, Taiko, o1Labs, StarkWare, Offchain Labs and strategic investors from more than 30 ecosystem projects joined their recent Series B round. The project had already raised $32 million between a seed round in 2020…