Crypto.com breach may be worth up to $33M, suggests onchain analyst

[ad_1] Onchain analyst claims that Crypto.com’s loss in the latest security breach might have been worth more than the reported $15 million. Pseudonymous ErgoBTC, an on-chain analyst at Bitcoin (BTC) research firm OXT Research, claims that the Crypto.com security breach that was said to have resulted in the loss of 4.6K ETH ($15 million), may be worth up to $33 million. Adding another 444 BTC to the previously reported 4.6k ETH from yesterday’s @cryptocom hack. Still no acknowledgement of loss, despite large outflows from the custodial wallet into ETH’s Tornado…

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Can Bitcoin Break Historical September Price Trends? Spike Above $51K Suggests 2021’s 9th Month Is Different – Market Updates Bitcoin News

[ad_1] The price of bitcoin has risen above the $51K zone on Sunday and traders and speculators are curious as to where the price is headed next. Historically, in September, bitcoin prices don’t fare so well and usually get better in October. For this reason, skeptics are not sure if bitcoin’s price will continue to be bullish during the ninth month of the year. So far, however, the end of the first week of September 2021 has been much better in terms of gains. Historical Bitcoin Prices in September Are…

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Time to rotate! Data suggests traders are shifting from NFTs to DeFi

[ad_1] An important part of preserving investing profits is knowing when an asset or sector is showing signs of exhaustion and when a sector rotation is underway.  This is especially important in the rapidly moving cryptocurrency markets, which can change direction in a heartbeat and turn crypto millionaires into depressed bag holders. Most investors know that the nonfungible token (NFT) sector has been on fire since July, and as CryptoPunks, Mutant Ape Yacht Club and pet EtherRock NFTs fetched six- and seven-figure sums, while top NFT marketplace OpenSea surpassed $4…

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Twitter Rolling Out Bitcoin Tipping Feature, Latest Code Update Suggests – News Bitcoin News

[ad_1] Twitter is reportedly testing the option of tipping with bitcoin as part of its “Tip Jar” feature. This followed the company’s CEO, Jack Dorsey, stating that bitcoin is a major part of Twitter’s future, hinting that the cryptocurrency will be part of several upcoming products. Twitter Reportedly Testing Bitcoin Tipping Option Twitter Inc. (NYSE: TWTR) is reportedly testing a bitcoin tipping feature. This development followed CEO Jack Dorsey hinting in July that bitcoin may be integrated into several products, including Tip Jar. Macrumors reported Tuesday: Twitter’s latest beta update…

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Analysts say this key metric suggests an altcoin season is at hand

[ad_1] Bitcoin’s (BTC) 65% recovery from sub-$29,500 on July 20 to a swing high of $48,200 on Aug. 14 took less than a month and helped bring fresh bullish momentum back to the crypto market and to traders who were dreading the prospect of another prolonged bear market. Currently, the BTC rally has stalled out near the $46,000 price level, and this phase of sideways trading is giving altcoins an opportunity to step forward. As shown in the chart below, the total market capitalization of the altcoin market has risen…

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Traders forecast $3K Ethereum price but derivatives data suggests otherwise

[ad_1] Ether (ETH) rallied 35% over the past ten days and reclaimed the critical $2,300 support, but the crucial $2,450 local top hasn’t been tested since June 17. Part of the recent recovery can be attributed to the London hard fork, which is expected to go live on Aug. 4.  Traders and investors view the EIP-1559 launch as a bullish factor for Ether price because it is expected to reduce gas fees. However, Ether miners are not thrilled with the proposal because the proof-of-work model will no longer be necessary…

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$5,000 Ethereum by the end of May? On-chain data suggests so

[ad_1] On April 14, the price of Ether (ETH) just hit an all-time high at $2,400 and although the price has increased more than three-fold since the beginning of this year, the current speculative premium suggests, there is a lot of room for upside. Ether’s speculative premium is far from overheated While the current price of Ether is at around $2,375, the Realized Price, meaning the average price paid by all investors who are currently holding Ether is at $802. This means that current buyers of Ether are willing to…

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