$800 billion Standard Chartered bank predicts Bitcoin to hit $50,000 by end of 2023

Bitcoin  Ang $800 bilyon na Standard Chartered bank ay hinuhulaan na ang Bitcoin ay aabot sa $50,000 sa pagtatapos ng 2023  Balita ng Ethereum ng Bitcoin  Leading financial institution Standard Chartered has suggested that the flagship cryptocurrency, Bitcoin (BTC), could experience a remarkable surge, reaching $50,000 within this year and soaring to an impressive $120,000 by the conclusion of 2024.  Standard Chartered initially released a forecast of $100,000 for Bitcoins value by the end of 2024 back in April, stating that the so-called “crypto winter” had come to an end.  However, Geoff Kendrick, one of the bank‘s esteemed FX analysts, now suggests that there is a 20% upward potential to that initial prediction, signifying even greater prospects for Bitcoin’s future as per a report by sa Hulyo 10.  This projection has the potential to stimulate Bitcoin miners, encouraging them to amass an increased portion of the cryptocurrencys supply.  “Increased miner profitability per BTC mined means they can sell less while maintaining cash inflows, reducing net BTC supply and pushing BTC prices higher,” Kendrick said in a report.  Institusyonal na interes  Notably, Bitcoin has seen a wave of institutional interest besides the bank with over $800 billion in assets as a direct consequence of investment giant BlackRocks application to U.S.

2023-07-10Bitcoin

Ang Presyo ng Ethereum ay Nagpi-print ng Bearish na Teknikal na Pattern, Bakit Ito Maaaring Muling Bumisita sa $1,800

Ethereum  Ang Presyo ng Ethereum ay Nagpi-print ng Bearish na Teknikal na Pattern, Bakit Ito Maaaring Muling Bumisita sa $1,800  Balita ng Ethereum ng Bitcoin  Kasalukuyang sinusubukan ng Ethereum ang recovery wave mula sa $1,825 zone.  Ang presyo ay kinakalakal sa ibaba $1,880 at ang 100-oras na Simple Moving Average.  Mayroong isang pangunahing linya ng bearish trend na bumubuo na may pagtutol na malapit sa $ 1,905 sa oras-oras na tsart ng ETH USD (data feed sa pamamagitan ng Kraken).  Ang pares ay maaaring subukan ang isang bagong pagtaas ngunit ang mga upsides ay maaaring limitahan malapit sa $1,900.  Ang Presyo ng Ethereum ay Nakaharap sa Paglaban  Nabigo ang presyo ng Ethereum na magpatuloy nang mas mataas sa paglaban sa $1,925 at nagsimula ng panibagong pagbaba. Ang ETH ay tumanggi sa ibaba ng $1,900 at $1,880 na antas upang lumipat sa isang panandaliang bearish zone, katulad ng Bitcoin.  Sinubukan pa ng presyo ang $1,825 na suporta. Ang isang mababang ay nabuo malapit sa $1,825 at ang presyo ay sinusubukan na ngayon ng isang recovery wave. Nagkaroon ng break sa itaas ng 23.6% Fib retracement level ng pababang paglipat mula sa $1,956 swing high hanggang sa $1,825 na mababa.  Ang presyo ng ether ay nakikipagkalakalan pa rin sa ibaba $1,880 at

2023-07-10Ethereum

Poly Network Hacker Unites Stolen ETH In Dual Ethereum Addresses

Ethereum  Pinagsasama ng Poly Network Hacker ang Ninakaw na ETH Sa Mga Dual Ethereum Address  Balita ng Ethereum ng Bitcoin  Pangunahing puntos:  In the ongoing aftermath of the Poly Network hack, it has been revealed that the exploiter responsible for the attack has consolidated approximately 566.4 ETH into the Ethereum address 0x712.   Additionally, another 1,007.4 ETH has been transferred to the address 0xcC2bb, raising concerns about the fate of the stolen funds.  The Poly Network hack, which took place recently, resulted in the theft of a substantial amount of digital assets across multiple blockchains, including Ethereum. The hacker exploited a vulnerability in the networks smart contract, allowing them to gain unauthorized access and transfer funds to their control.  The consolidation of approximately 566.4 ETH into the address 0x712 indicates the perpetrators efforts to centralize their ill-gotten gains into a single location. This move raises questions about their intentions and potential plans for the stolen funds. Law enforcement agencies, blockchain analysts, and the crypto community at large are closely monitoring these transactions for any potential leads that could help recover the stolen assets.  The transfer of 1,007.4 ETH to the address 0xcC2bb introduces another aspect to the ongoing investigation. It remains unclear whether this address belongs to the

2023-07-10Ethereum

Bitcoin, Ethereum, USDT Trade At Discount On BinanceUS, Arbitrage Opportunity Or Trap?

Bitcoin Ethereum  Bitcoin, Ethereum, USDT Trade Sa Discount Sa BinanceUS, Arbitrage Opportunity O Trap?  Balita ng Ethereum ng Bitcoin  Cryptocurrencies on Binances US-based crypto exchange Binance.US trade at a discount, what the crypto community calls a “crypto depeg”. Top cryptocurrencies Bitcoin and Ethereum are trading at $27,500 and $1700 respectively, a discount of $3000 and $200 from global spot prices.  Meanwhile, USDT remains depeg to USD at $0.91 following the US SEC lawsuit and USD deposits and withdrawals suspension. Other altcoins are also available at a discount on the crypto exchange.  BTC and ETH prices jumped 2% on Binance.US as traders move to take an arbitrage opportunity, which means buying at low prices and selling at higher prices on another exchange. While it seems a better arbitrage opportunity, it can only be used by people having USD on Binance.US as deposits remain suspended for nearly a month.  Gayundin Basahin: Terra Luna Classic To Expedite Community-Owned Station Wallet Infrastructure, LUNC Jumps  The crypto community has raised concerns over the future of Binance.US as most executives are exiting the crypto exchange.  Ang beteranong mangangalakal na si Peter Brandt din kilala the USDT depeg on Binance.US, blaming Binance CEO “CZ” and referring to it as the “scam of the decade.” He

2023-07-10Ethereum

DeFi protocol Arcadia Finance hacked on Ethereum and Optimism for $455k

Ethereum  Ang DeFi protocol na Arcadia Finance ay na-hack sa Ethereum at Optimism sa halagang $455k  Balita ng Ethereum ng Bitcoin  A hacker drained approximately $455,000 from non-custodial decentralized finance (DeFi) protocol Arcadia Finance by exploiting a code vulnerability.  Blockchain investigator PeckShield inalertuhan about the hack on Arcadia Finance, pointing out the cause as “the lack of untrusted input validation.” The code supposedly lacked a validation mechanism to cross-check unverified inputs. This loophole allowed the hacker to drain funds worth roughly $455,000 from Ethereum (darcWETH) and Optimism (darcUSDC) vaults collectively.  Arcadia Finance has not yet responded to Cointelegraphs request for comment.  Arcadia Finance confirmed the hack two hours after PeckShields intimation and subsequently paused the contracts to prevent further bleeding of funds.  Alam namin ang isang potensyal na pagsasamantala sa aming protocol.  Na-pause namin ang mga kontrata at sinisiyasat namin ang ugat ng mga eksperto sa seguridad habang nagsasalita kami. Susunod ang higit pang impormasyon kapag available ito.  — Arcadia Finance (@ArcadiaFi) Hulyo 10, 2023  While the investigations are underway, Arcadias code houses another vulnerability, which could prove catastrophic for the protocol if exploited. Ayon sa to PeckShield:  “In addition, there is a lack of reentrancy protection, which allows for the instant liquidation to bypass the internal vault health check.”  The majority

2023-07-10Ethereum

DeFi hack: Arcadia Finance hit by exploit on Optimism, Ethereum

Ethereum  DeFi hack: Ang Arcadia Finance ay tinamaan ng pagsasamantala sa Optimism, Ethereum  Balita ng Ethereum ng Bitcoin  Arcadia Finance, a non-custodial protocol that supports on-chain cross-margin accounts, recently got exploited according to data from PeckShield. Arcadia Finance is a platform that allows its users to collateralize portfolios, access up to 10 times more capital, and interact with other protocols using their deposited collateral and borrowed funds. In this article, well be looking into the attack and how it affected the Optimism network.  Green ba ang iyong portfolio? Tingnan ang Optimism Profit Calculator  Details of the attack  A community contributor from PeckShield, a reputable cybersecurity firm, recently identified an exploitation incident involving Arcadia Finance on both the Ethereum and Optimism networks, resulting in a loss of approximately $455,000.  The exploiter acted quickly by transferring a total of approximately 179.3 ETH from the Optimism[OP] network. This amount was obtained through a combination of 148 ETH that was bridged from the Ethereum network and 59,000 USDC that was swapped.  The destination of these funds was Tornado Cash, which is a decentralized privacy solution for cryptocurrencies. By transferring the funds to Tornado Cash, the exploiter likely aimed to obfuscate the transaction history and make it more difficult to trace the origin

2023-07-10Ethereum

Meme Coin Scam Nets Fraudster Over $315K in ETH

crypto Ethereum  Meme Coin Scam Nets Fraudster Higit sa $315K sa ETH  Balita ng Ethereum ng Bitcoin  Alex Dovbnya  Cunning fraudster, leveraging popularity and volatility of meme coins, has managed to siphon off over $315,000 worth of Ethereum (ETH) through carefully executed cryptocurrency scam  An unidentified scammer has netted over $315,000 worth of Ethereum (ETH), using a strategy of creating and then abandoning meme coins.  Blockchain analysis platform Lookonchain revealed the fraudsters tactics in a series of tweets, providing Etherscan links to the four meme coins — TOMMY, KSI, ZUCK, and BILL — involved in the scam.  The fraudsters modus operandi entailed the creation of a meme coin with a small amount of ETH, providing liquidity to gain investor trust. Once sufficient investment was attracted, the scammer would remove the liquidity, effectively taking the investment for themselves.  For example, the scammer started with 1.5 ETH ($3,200 at the time of withdrawal) from crypto exchange KuCoin to create the TOMMY meme coin, later walking away with 28.7 ETH — an impressive 1,813% return.  The same strategy was replicated with the KSI, ZUCK and BILL meme coins, where the scammer managed to net an additional 140 ETH. The fraudster has since created two new meme coins, WALTER2.0 and GIGA2.0, and has

2023-07-10Ethereum

Ethereum (ETH) Price Correction Begins

Ethereum  Nagsisimula ang Pagwawasto ng Presyo ng Ethereum (ETH).  Balita ng Ethereum ng Bitcoin  The Ethereum (ETH) price has fallen since July 3. The price is likely completing a short-term correction in response to the previous increase that began on June 15.  The ETH price created a bearish candlestick the same day it reached a high, confirming that a local top is in place. This initiated the current correction, which could potentially continue for two more weeks.  Ethereum Price Falls After Rejection From Fib Resistance  ETH, the native token of the Ethereum blockchain, was created by Vitalik Buterin. The daily time frame outlook for Ethereum is mixed, owing to both the price action and indicator readings.  The ETH price broke out from a descending resistance line on June 21, reaching a high of $1,976 on July 3. However, it was rejected by the $1,940 area afterward. This is both a horizontal resistance area and the 0.618 Fib retracement resistance level.  The principle behind Fibonacci retracement levels suggests that after a considerable price movement in one direction, the price will retrace partially to a previous price level before continuing in its original direction. So, the reaction to the 0.618 Fib is crucial to determine the direction of the future

2023-07-10Ethereum

Dive into Fiery Depths of Ethereums Fire Sale

Ethereum  Sumisid sa Maapoy na Kalaliman ng Fire Sale ng Ethereum  Balita ng Ethereum ng Bitcoin  Arman Shirinyan  Ethereum reaching levels that should be considered perfect accumulation zones, according to some indicators  Cryptocurrency markets often undergo significant price fluctuations, leading to unique buying opportunities known as “fire sales.” The term refers to situations when an asset is perceived to be oversold, prompting interested investors to buy in at relatively low prices. For Ethereum (ETH), one of the leading indicators that tracks these opportunities is the rainbow chart, and it is currently signaling a “fire sale.”  To understand what this means, lets first examine the rainbow chart concept, typically used in Bitcoin (BTC) analysis. The Bitcoin rainbow chart is a logarithmic price chart that applies color-coded bands to represent the predicted price growth of BTC over time. Each color corresponds to different levels of price action, from the red “maximum bubble territory” to the dark blue “basically a fire sale.”  These charts are based on the assumption that Bitcoins price will follow a predictable exponential growth pattern over the long term, with periodic boom-and-bust cycles.  Pinagmulan: TradingView  Translating this to Ethereum, the rainbow chart concept suggests that Ethereum is currently in “fire sale” territory, indicating that ETH could be significantly

2023-07-10Ethereum

Arcadia Finance Loses $455K In Ethereum And Optimism Hack

Ethereum  Ang Arcadia Finance ay Nawalan ng $455K Sa Ethereum At Optimism Hack  Balita ng Ethereum ng Bitcoin  Pangunahing puntos:  Arcadia Finances DeFi protocol resulted in a loss of approximately $455,000.   The blockchain investigator PeckShield who alerted about the hack, pointed out that the root cause of the hack was “the lack of untrusted input validation”. The hacker exploited this loophole to drain funds worth roughly $455,000 from Ethereum (darcWETH) and Optimism (darcUSDC) vaults.  Alam namin ang isang potensyal na pagsasamantala sa aming protocol.  Na-pause namin ang mga kontrata at sinisiyasat namin ang ugat ng mga eksperto sa seguridad habang nagsasalita kami. Susunod ang higit pang impormasyon kapag available ito.  — Arcadia Finance (@ArcadiaFi) Hulyo 10, 2023  Although Arcadia Finance confirmed the hack two hours after PeckShield‘s intimation and paused the contracts to prevent further loss of funds, investigations are still underway. Unfortunately, there is another vulnerability in Arcadia’s code, which if exploited, could prove catastrophic for the protocol.  According to PeckShield: “In addition, there is a lack of reentrancy protection, which allows for the instant liquidation to bypass the internal vault health check.”  Bilang karagdagan, mayroong kakulangan ng proteksyon sa muling pagpasok, na nagbibigay-daan para sa agarang pagpuksa na ma-bypass ang panloob na pagsusuri sa kalusugan ng vault.   Most

2023-07-10Ethereum
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