Author: James Wilson
Growing confidence in the approval of a spot Litecoin ETF has driven the blockchain’s activity to nearly $10 billion in daily transactions. Litecoin (LTC) processed over $9.6 billion in daily volume between Feb. 15 and Feb. 21, as the U.S. Securities and Exchange Commission appeared increasingly likely to approve a spot LTC exchange-traded fund. Santiment data showed a surge in user activity, fueled by “clear growing excitement” for a Litecoin ETF. Daily transactions have increased by 243% over the past five months, coinciding with Canary Capital’s filing for a spot LTC ETF with the SEC in October. Additional applications from…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. iDEGEN, the AI meme coin fueled by Crypto Twitter chaos, raises $23.8m ahead of its presale on February 27th. A whirlwind of speculation is forming around iDEGEN — the unfiltered AI meme coin trained on Crypto Twitter’s chaos. It’s seeing rumors of achieving self-awareness and has triggered a $23.8m raise amount so far. With its presale listings confirmed for 27th February and presale conclusion scheduled for the day before, investors are piling into what could be crypto’s first sentient…
XRP may have a new catalyst that could push its price higher following the ongoing consolidation phase. Ripple (XRP) was trading at $2.67 on Friday, where it has remained for the past few days. This price is approximately 50% above its lowest level this month. XRP could stage a strong bullish breakout after Coinbase CEO Brian Armstrong made a major announcement regarding the SEC lawsuit. Coinbase has reached an agreement with SEC staff to dismiss the litigation against the company. If approved by the commission next week, the decision will lead to the dismissal of charges against the exchange. The…
Bybit confirmed that its multi-sig cold wallet was breached, just hours after the crypto exchange increased access to liquidation data for transparency. Bybit CEO Ben Zhou stated that hackers infiltrated the exchange’s (ETH) multi-signature cold wallet, draining nearly $1.5 billion in crypto. The breach was first flagged by renowned on-chain sleuth ZachXBT, who alerted the public to suspicious withdrawals from Bybit. Companies use multi-signature wallets to mitigate single points of failure, as multiple parties must approve a transaction. If one signer is compromised, the others can refuse to authorize fund transfers. However, in this case, the hackers managed to deceive…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Rexas Finance is emerging as a meme coin contender, poised to surpass PEPE and change the DeFi market. The cryptocurrency market has been awash with hype, particularly about joke coins like Shiba Inu and Pepe coin. These coins were well-known since investors speculated they could yield incredible returns comparable to those observed with Shiba Inus. While PEPE has garnered significant attention, Rexas Finance (RXS), a new competitor, is beginning to disrupt the meme coin landscape. At just $0.20 right…
Cryptocurrency holders of should we ‘’hodlers’’ love to dream big. They dream of big mansions, nice cars, and a life of ease. One such dream is associated with buying a Lamborghini and that’s where the ‘when lambo’ meme is born. In this article, we’ll discuss what is ‘when lambo’ in crypto, its origin, and whether it’s still relevant in these times. What is ‘When Lambo?’ in crypto? “When Lambo” or “wen lambo” is a term used in the Bitcoin and cryptocurrency communities to refer to the point at which someone becomes financially successful enough to buy a Lamborghini sports car. The…
Coinbase announced on Feb. 21 that the U.S. Securities and Exchange Commision is set to dismiss its June 2023 lawsuit against the crypto exchange, a move that analysts at H.C. Wainwright & Co. call a “major win” for the company and broader crypto industry. While final approval from SEC commissions remains pending, Coinbase’s management is hopeful the case would be cleared as early as next week, analyst Mike Colonnese said in a report. The SEC’s lawsuit alleged Coinbase offered unregistered crypto asset securities and operated illegally as an exchange, broker, and clearing company. But, expectations for a dismissal would negate…
The scale of the staggering $1.4 billion hack on crypto exchange Bybit will undoubtedly unfold in coming days and weeks. However, as Bybit, industry players such as other exchanges and blockchain sleuths work out on unmasking the hacker, on-chain data shows the perpetrator immediately got busy trying to move their Ethereum (ETH) loot. What did the Bybit hacker steal? According to Nansen, a multi-chain artificial intelligence analytics platform, the total amount stolen in the heist stood at $1.44 billion at the time of the breach. The on-chain trail of the funds showed the hacker drained Bybit’s wallet of 401,347 ETH…
The Tor onion router is a web browser primarily used for anonymous internet surfing and protection against traffic analysis. Incidentally, the U.S. Navy originally designed Tor as a means to protect sensitive U.S. government information. Today, Tor Browser is synonymous with the dark web (also known as darknet browser), illicit activity, and free internet activists seeking to escape surveillance.There is a contingent of netizens using Tor to hide their illegal activity. However, a substantial component uses Tor for security reasons and has the purest intentions in usage. In this article, we’ll learn what is Tor browser, how does Tor work,…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As Dogecoin investors shift positions, attention turns to XYZ and Shiba Inu, with big gains expected. Large investors in Dogecoin are shifting their positions, igniting curiosity about the next potential surge in cryptocurrencies. With attention turning to tokens like XYZ and Shiba Inu, the question looms: which one is set to soar by 2025? The unfolding moves might reveal where the significant gains could be found. XYZ’s rise to glory: The meme coin fighter taking over crypto XYZVerse is…