The founder of Web3 bug bounty platform ImmuneFi, Mitchell Amador, has issued a stark warning that hackers are making a “full-time job” of attacking decentralized finance (DeFi) protocols. His words come while a spate of high-profile hacks rock the industry just as the pro-crypto Donald Trump is about to take office, with many in the…
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Coinbase Addresses Account Restriction Concerns: ‘We’re Not Ignoring You’
Coinbase has addressed a spate of recent customer account restrictions over in a multi-tweet thread on the exchange’s support account over on X. Over the weekend, many Coinbase users had taken to X to report account restrictions. Coinbase (@CoinbaseSupport) flippantly started its thread by implying that many of the complaints were “FUD/misinformation”, a claim that…
Dogecoin Breaks Key Resistance – $1 DOGE Incoming?
The price of Dogecoin has fallen by 4% today, declining to $0.4334 as the crypto market as a whole loses 2.5% in the past 24 hours. Despite this fall, DOGE remains up by 5% in a week and by 105% in the past month, with the meme token also sitting on an impressive 325% increase…
Ethereum Price Slumps 4% After $4,000 Breakout Failure, But History Suggests More Upside Coming
The Ethereum (ETH) price is pulling back after running into a wall of resistance at the $4,000 level, and was last down around 4% this Monday in the $3,800 area. A bearish divergence on its 14-day Relative Strength Index (RSI) chart, which also recently just dropped back from overbought conditions, suggests continued near-term downside is…
CoinMarketCap Launches ‘S&P 500’ for Crypto
CoinMarketCap, a major provider of crypto market data, has launched the CoinMarketCap 100 Index (CMC100 Index), which measures the performance of the top 100 cryptocurrencies by market capitalization. According to the press release shared with Cryptonews, the novel index aggregates market prices from validated CoinMarketCap data sources. It’s refreshed every five minutes and calculated in…
El Salvador to Adjust Bitcoin Policy for $1.3 Billion IMF Loan
El Salvador is reportedly revising its crypto policy, making Bitcoin acceptance optional as part of a $1.3 billion loan agreement with the International Monetary Fund (IMF). According to a recent report by the Financial Times, the agreement includes dropping the legal requirement for businesses to accept Bitcoin as payment. This move addresses concerns raised by…
Schiff Brands Bitcoin ‘Public Enemy #1’ Amid Bitcoin Reserve Talks
Peter Schiff, a prominent gold advocate, has labeled Bitcoin a national security threat and “public enemy number one.” His criticism comes amid growing discussions among U.S. federal and state governments about the potential creation of a Bitcoin reserve. Schiff’s Concerns Grow Amid Trump and Senator Lummis’s Bitcoin Reserve Plans On December 8, Schiff expressed his…
XRP Price Targets $5 as Whales Load Up – Is Another Surge Coming?
The XRP (XRP) price has dipped substantially back from the multi-year highs it hit last week in the $2.90 area and was last trading around $2.40, but whale activity on the XRP Ledger remains strong. While $XRP dropped from $2.90 to $2.22, whales bought the dip. They purchased over 120 million #XRP, totaling $288 million!…
Coinbase CEO Calls SEC Commissioner Caroline Crenshaw A ‘Failure’
Coinbase CEO Brian Armstrong took to X Monday, December 9 to bash United States Securities and Exchange Commissioner (SEC) Caroline Crenshaw as the Senate Banking Committee will vote on her renomination for the role this week. Coinbase CEO Brian Armstrong Bashes Caroline Crenshaw “Caroline Crenshaw was a failure as an SEC Commissioner and should be…
Iran To Regulate Not Restrict Crypto, Says Finance Minister
Iran’s Minister of Economic Affairs and Finance, Abdolnaser Hemmati, has revealed the government’s plans to regulate cryptocurrencies instead of imposing outright restrictions. Speaking at a national event, Hemmati emphasized leveraging digital assets to mitigate economic challenges, including U.S. sanctions, and creating opportunities for youth employment. He noted that cryptocurrencies fall under the jurisdiction of the…