Binance Helps Btcturk With Hack Investigations — Freezes Over $5.3M in Stolen Funds

Turkish crypto exchange Btcturk has suffered a cyber attack which caused unauthorized withdrawals from the platform. Crypto exchange Binance is assisting Btcturk with investigating the breach and has already frozen over $5.3M in stolen funds, Binance’s CEO has disclosed. Btcturk has reopened deposits and withdrawals for all ERC20 cryptocurrencies on the ERC20 network. Binance Assisting … Read more

Q2 2024 Crypto Analysis: 3 Key Trends – Solana and Toncoin Decline, BlockDAG’s Impressive $53M Rise

From Fizzles to Sizzles: BlockDAG’s Hot 1120% Streak Amidst Solana’s Slide and Toncoin’s Tumble In the second quarter of 2024, the cryptocurrency market experienced notable volatility. Solana and Toncoin have struggled with significant price drops and negative market sentiment. Solana has seen a considerable decrease, with network activity slowing, while Toncoin has been under selling … Read more

Bitcoin’s Power Law Model Gains Traction Despite Market Fluctuations

In 2020 and early 2021, the stock-to-flow (S2F) bitcoin price model captured widespread attention. Although bitcoin currently stands over 13% below its peak value reached in March, the Power Law Corridor model has become increasingly influential. Many hold the view that the Power Law model’s support line has remained steadfast for over ten years and … Read more

Market Jitters: Analysts Warn of Looming US Stock Crash, Draw Parallels to 1929

As the U.S. stock market scales new heights, a growing chorus of analysts warns that a severe crash could be on the horizon, reminiscent of the devastating 1929 collapse. Concerns center around the meteoric rise of Nvidia and the burgeoning artificial intelligence (AI) sector, feared to be the latest bubble in a pattern echoing past … Read more

Crypto’s Stagnant Summer: Analysts Say ‘Boring’ Markets May Set Stage for Eventual Price Surge

In the past week and a half, the crypto markets have shown a bearish trend, suggesting that the summer slowdown is underway. Many anticipate that bitcoin and the broader crypto economy might face a few uneventful weeks ahead. Onchain analyst Willy Woo believes there could be another one to four weeks of cooling down “before … Read more