South Koreas crypto market soars to $21.1 billion in H1

crypto  Ang crypto market ng South Korea ay tumaas sa $21.1 bilyon sa H1  44 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  South Koreas digital asset market has seen remarkable growth in the first half of 2023, with its total market capitalization hitting $21.1 billion.  The Financial Services Commission (FSC) of South Korea revealed that the countrys crypto market cap witnessed a 46% increase compared to the previous half-year term, local media outlets reported.  The global crypto market has also experienced significant growth during the same period, with its market cap surging by 53% to reach $114 million (154 trillion won).  Bitcoin (BTC), the leading cryptocurrency, saw its price rise by a robust 81%.  South Korean crypto operators see 82% profit surge  In addition to the sharp rise in market capitalization, South Korea‘s virtual marketplace operators disclosed a remarkable 82% boost in operating profits, amounting to $168 million in the year’s initial half.  Furthermore, deposits within these cryptocurrency exchanges experienced an 11% increase, reaching approximately $3 billion.  The FSCs study, encompassing 35 virtual asset operators in South Korea, including 26 cryptocurrency exchanges, highlighted several significant trends.  Despite the general expansion of the cryptocurrency market, the average daily transaction value on the 26 exchanges saw a minor decline, registering a 1.3% decrease

2023-10-10Industriya

Ang bilyonaryo na si Chamath Palihapitiya ay nagsabi na ang Fed ay malabong magbawas ng mga rate anumang oras sa lalong madaling panahon sa gitna ng paglabas ng bagong armadong tunggalian

Pananalapi  Ang bilyonaryo na si Chamath Palihapitiya ay nagsabi na ang Fed ay malabong magbawas ng mga rate anumang oras sa lalong madaling panahon sa gitna ng paglabas ng bagong armadong tunggalian  17 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  Billionaire venture capitalist Chamath Palihapitiya thinks the Federal Reserve will keep interest rates higher for longer as the world witnesses the start of a new war.  Palihapitiya tells his 1.6 million followers on the social media platform X that inflation could pumailanglang once again on the back of rising oil prices amid the escalating war between Israel and Hamas.  Citing data from The Kobeissi Letter, the billionaire highlights that the countrys Strategic Petroleum Reserve (SPR) is at a dangerously low level, indicating that the US government can do very little to flood the oil markets with supply to slow down surging prices.  Data from The Kobeissi Letter shows that the SPR is at its lowest level in history with 17 days of supply remaining.  According to Palihapitiya, the situation in the oil market will likely keep the Fed from cutting its benchmark interest rate anytime soon.

2023-10-10Industriya

Binance (BNB) Inilunsad ang Copy Trading Module

Tech  Binance (BNB) Inilunsad ang Copy Trading Module  15 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  Vladislav Sopov  Binance (BNB), worlds largest cryptocurrency exchange, activates copy trading service  Binance (BNB), the worlds largest cryptocurrency trading platform, invites all of their customers to try their skills in an automated copy trading module. Its leaderboard features master traders with impressive PnL and assets under management (AUM) metrics.  Copy trading now live on Binance, CZ announces  Automated copy trading module kicks off on Binance (BNB), the worlds leading crypto exchange. Binance CEO and founder Changpeng “CZ” Zhao announced this upgrade today, Oct. 9, 2023, on his X account.  According to CZ, on Binance‘s copy trading platform, customers with various levels of expertise can replicate the trading strategies of some of Binance’s most skilled traders.  In a newly launched dashboard, crypto traders can choose the best “master trader” to copy his/her trading strategy. In order to make the copy trading as transparent as possible, Binance demonstrates crucial metrics that characterize the background of this or that trader.  Namely, subscribers can check “Return-on-Investments” (RoI), “Maximum Drawdown” (MDD)“ and ”Assets Under Management“ (AUM) of potential ”master in his/her card.  The most skilled and successful traders demonstrate 500% ROI in 90 days, while 7-day and 30-day data are

2023-10-10Industriya

Ang presyo ng Bitcoin ay nasa isang mahigpit na hanay mula noong tag-araw. Ang isang hanay ay maaaring matagumpay na ikakalakal gamit ang RSI.

Bitcoin  Ang presyo ng Bitcoin ay nasa isang mahigpit na hanay mula noong tag-araw. Ang isang hanay ay maaaring matagumpay na ikakalakal gamit ang RSI.  12 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  Bitcoins price has been in a tight range since summer  A range can be traded successfully using the RSI  Speculators should use small-size positions to avoid being caught on the wrong side of the market  Bitcoin investors, particularly hodlers, have had a hard time during the summer months. Literally, Bitcoins price did not go anywhere.  Sure enough, the rally in the early months of the year more than compensates investors holding the cryptocurrency in the long run. But similar (or more) gains may be achieved by speculating on short-term market movements.  This is true when and if the trader can identify periods when the market is in consolidation like it was during the summer months. In such times, the easiest way to trade a market is to use an oscillator and trade overbought and oversold levels.  The most popular oscillator is the RSI (Relative Strength Index), and its interpretation is straightforward. More precisely, every time the oscillator reaches values above 70, it is said that the market is overbought and should decline. On the contrary, when

2023-10-10Industriya

Ripple (XRP) Might Explode Alongside Bitcon and Ethereum: Heres Why (Report)

Ethereum  Maaaring Sumabog ang Ripple (XRP) Kasama ng Bitcon at Ethereum: Narito Kung Bakit (Ulat)  6 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  Forbes indicates that a US economic downturn could boost cryptocurrencies, especially Bitcoin, Ripple, and Ethereum.  Predictions from experts like Christopher Wood and Robert Kiyosaki suggest a shift from the US dollar to Bitcoin and gold.  Following legal wins against the US SEC, Ripples XRP could further benefit from the 2024 trial and potential banking partnerships.

2023-10-10Ethereum

Ang $500M FTX exploit ay nagpapalit ng milyun-milyon sa ETH para sa BTC. Bakit?

Bitcoin Ethereum  Ang $500M FTX exploit ay nagpapalit ng milyun-milyon sa ETH para sa BTC. Bakit?  4 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  The perpetrator of one of the largest exploits in crypto history is swapping hundreds of millions in ether for bitcoin. Why?  The crypto exchange FTX and Alameda Research faced its downfall in November 2022. Amid the chaos of the collapse, an unknown attacker managed to steal upwards of $500 million in digital assets. At the time of the attack, the funds were spread between over a dozen ancillary addresses. There, they remained largely dormant until last week.  The attacker began moving sums of ether (ETH) to new addresses starting on Sept. 30. The majority of these funds have since been used on the cross-blockchain liquidity protocol ThorSwap to exchange native ETH for native bitcoin (BTC).  ThorSwap anunsyado Friday morning that it had “transitioned the interface into maintenance mode” until a “more permanent and robust solution can be implemented.” In response, the FTX attacker began leveraging Threshold Network to continue to transfer funds between ETH and BTC. A total of $125 million had been swapped as of Friday, per analyst Lookonchain. The swaps appear to be ongoing.  The behavior is somewhat unusual for an

2023-10-10Ethereum

Binances CZ expects Bitcoin to hit new all-time high in 2025

Bitcoin  Inaasahan ng CZ ng Binance na ang Bitcoin ay tatama sa bagong all-time high sa 2025  1 hour ago  Balita ng Ethereum ng Bitcoin  As Bitcoin halving approaches, the Binance boss doubts that BTC will reach a new maximum by the end of 2024.  The crypto community should brace for a long recovery as Binance CEO thinks Bitcoin (BTC) won‘t hit a new all-time high (ATH) sooner than 2025. In a blog post on Binance Feed, the exchange’s head, Changpeng Zhao (CZ), said the market will face “anxiety, expectations, hype, hope” as the halving approaches.  Based on his experience, CZ says the bitcoin price wont double overnight the day after the halving. However, once Bitcoin undergoes the halving, the market may be poised for a bull run.  “The year after the halving, bitcoin price hits multiple ATH (all time highs). And people ask why. People have short memories.”  Changpeng Zhao, Binance CEO  Yet, the Binance boss pointed out there is no “proven causation” as the history “does not predict the future.” At the time of writing, Bitcoin is trading at $27,508, down more than 60% since it reached its ATH in November of 2021.  The next Bitcoin halving is anticipated in April 2024. The block reward will decrease from

2023-10-10Bitcoin

Ang Shariah-Compliant Islamic Coin ay Inanunsyo ang Listahan ng KuCoin Noong 10 Oktubre

crypto  Ang Shariah-Compliant Islamic Coin ay Inanunsyo ang Listahan ng KuCoin Noong 10 Oktubre  1 hour ago  Balita ng Ethereum ng Bitcoin  Islamic Coin, the Shariah-compliant crypto making headlines throughout the world has announced it is listing on KuCoin – one of the worlds largest crypto exchanges.  The long-anticipated launch on 10 October is the first listing for Islamic Coin with more in the pipeline.  “We are excited about this milestone and look forward to building more relationships with leading exchanges throughout the world, in order to bring the benefits of Shariah-compliant finance to the Muslim community and beyond,” commented Islamic Coin CEO Mohammed AlKaff AlHashmi.  With charity and philanthropy a major part of the ecosystem, the team has been actively cultivating connections within sustainability circles and participating in international events such as COP27 in Sharm El Sheikh and the Youth International Conference in New York, both held under the auspices of the UN. Islamic Coin, along with the HAQQ blockchain built on a Proof-of-Stake mechanism, is widely recognized for its eco-friendly attributes and alignment with the UNs objectives related to reduced energy consumption and enhanced access to financial services.  Both Islamic Coin and its underlying Haqq Network have garnered substantial global attention. They have established strategic partnerships,

2023-10-10Industriya

Truth Behind Base Networks 25% Surge in TVL

Tech  Truth Behind Base Networks 25% Surge sa TVL  19 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  There have been reports recently claiming Base Networks total value locked (TVL) has surged by 25%. But is it actually the case?  The community has been attentive to the developments in the Coinbases Base Network. The Layer 2 solution has ambitions of onboarding the next billion users to the Web3 ecosystem.  Reason Behind Rapid Surge in Base TVL  The screenshot below shows that the Base TVL has increased by 24.73%, and it currently around $555 million. However, this picture doesnt tell the complete story.  Base TVL increased by 24.73%. Source: L2BEAT  After the launch of the mainnet on Aug. 9, the USDC stablecoin remained unavailable natively for users. The bridged version, USDbC, enabled the bridging of USDC stablecoin from the Ethereum network to the Base network.  Finally, on Sept. 5, Coinbase announced that natively minted USDC tokens would be available on the Base Network. Hence, the surge in the Base network TVL has been due to the re-minting of the native USDC stablecoin.  The TVL breakdown shows that there was a 467.42% increase in the natively minted tokens on the Base Network.  In fact, on Sept. 29, the TVL on the Base network dropped

2023-10-10Industriya

Tinututulan ng South Korean UPbit ang 1,800% surge sa mga pagtatangka sa pag-hack gamit ang AI-driven na mga hakbang sa seguridad

Tech  Tinututulan ng South Korean UPbit ang 1,800% surge sa mga pagtatangka sa pag-hack gamit ang AI-driven na mga hakbang sa seguridad  5 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  UPbit, a prominent South Korean cryptocurrency exchange, revealed it suffered 159,061 hacking attempts during the first half of this year, according to data shared by the firms operator, Dunamu, with South Korean politician Rep. Park Seong-jung.  The data paints a stark picture of growing risks as hacking attempts skyrocketed from 8,356 in the latter half of 2020 to more than 159,000 in the first half of this year. In practical terms, this equates to an alarming 1,800% surge in attacks on UPbit over the past three years.  Number of cyber infringement attempts targeting UPbit, data from Dunamu.  Source: Provided by Rep. Park Seong-jungs officetaonHacking Attempts2020 2h8,3562021 1h34,6872021 2h63,9122022 1h73,2492022 2h87,2422023 1h159,061  The increase in cyberattack attempts underscores the vulnerability of numerous cryptocurrency exchanges. Recently, the HTX exchange fell victim to a hack that resulted in a loss of approximately $8 million in Ethereum (ETH).  UPbit is one of the largest South Korean crypto platforms. In August, the platform accounted for around 6% of the total trading volumes across centralized exchanges, outtrading rivals like Coinbase and OKX.  UPbit enhances security

2023-10-10Industriya
1
...
259261
...
1000