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0 CommentsArgentines are using black market exchanges, known locally as “crypto caves,” to buy U.S. dollar stablecoins in a bid to escape strict currency controls and triple-digit inflation of the Argentine peso (ARS), and are reportedly shunning Bitcoin due to perceived volatility. Crypto caves are underground peer-to-peer exchanges operating secretly and tucked away in “non-visible places,” CryptoMarket’s…
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…
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…
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…
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…
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…
