On-chain indicators suggest Bitcoin market is now ‘high risk’ — Glassnode
    12 Feb 2024
    307 Views

    On-chain indicators assessing Bitcoin’s BTC) value have entered a “high-risk” zone and could mean the cryptocurrency is in the initial stages of a bull market, says the crypto analysis platform Glassnode. In a Feb. 10 X post, Glassnode shared that an indicator to identify Bitcoin’s long-term valuation compared relative to its market value had pushed above the…

    Bitcoin ETFs hit $10B milestone just one month after approval
    11 Feb 2024
    161 Views

    The recently launched spot Bitcoin exchange-traded funds (ETFs) completed their first 20 trading sessions hitting the $10 billion milestone in assets under management (AUM). According to data from BitMEX Research, net flows for the nine ETFs reached $2.7 billion on Jan. 9, led by BlackRock’s IBIT fund, which currently holds Bitcoin worth $4 billion. The second…

    Scam-as-a-service: New Solana drainers identified
    11 Feb 2024
    176 Views

    Web3 security firm Blowfish has detected two new Solana drainers that can perform bit-flip attacks, according to a Feb. 9 analysis shared on X (formerly Twitter). The drainers, known as ‘Aqua’ and ‘Vanish,’ were flagged modifying a conditional within on-chain data, even after a user’s private key was used to sign a transaction. According to…

    3 key Bitcoin price metrics hint at BTC gains above $48K
    10 Feb 2024
    161 Views

    Bitcoin price is up 6.28% over the last 24 hours and hit an intraday high at $48,200 on Feb. 9. Technical indicators, rallying spot Bitcoin exchange-traded fund (ETF) shares and on-chain data show that Bitcoin has the strength to revisit the post-Bitcoin ETF approval high above $49,000. Traders say the Bitcoin SuperTrend indicator shows a rare buy signal…

    Ethereum network strength, macroeconomic factors back ETH’s rally to $2.5K
    10 Feb 2024
    159 Views

    Ether price witnessed a 10% price increase in the first nine days of February, breaking above $2,450 for the first time in three weeks. This movement was aligned with the broader cryptocurrency market’s bullish momentum and significantly influenced by the macroeconomic environment. Despite the reasons behind Ether’s rally, investors are growing more bullish as deposits on…

    Arthur Hayes says ‘points’ better than ICO, yield farming for crypto adoption
    10 Feb 2024
    174 Views

    Former BitMEX CEO and Maelstrom chief investment officer Arthur Hayes has published a blog post arguing the case for “points” as a better alternative to initial coin offerings (ICOs) and yield farming when it comes to crypto fundraising and engagement. “Points Guard” is an essay on the new pseudo-ICO crypto fundraising and engagement method. If you don’t…