Author name: Peter

SEC Falls Victim to SIM Swap Attack: Hacker Takes Control of SEC’s X Account

The U.S. Securities and Exchange Commission (SEC) has recently revealed that its X account was compromised in a SIM swap attack. This attack involved the unauthorized party gaining control of the SEC's cell phone number associated with the account, leading to a fake announcement being posted about the approval of spot bitcoin exchange-traded funds (ETFs). […]

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Global Crypto Ownership Surges 34% in 2023, Bitcoin and Ethereum Lead the Way

Introduction The global cryptocurrency market has experienced significant growth in recent years, with the number of crypto owners increasing by 34% in 2023. According to a report published by Crypto.com, the total number of global crypto owners reached 580 million by December. This surge in ownership was driven by the rising popularity of Bitcoin and

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Bitcoin Technical Analysis: Navigating Bearish Currents

Introduction Bitcoin, with a market capitalization of $798 billion and a 24-hour trade volume of $16.58 billion, is currently consolidating just above the $41K zone. In this article, we will conduct a meticulous analysis of bitcoin's technical indicators across different timeframes to determine its current market trend. Bitcoin Technical Indicators Oscillators and Momentum Indicators The

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Ethereum Market Analysis: Bearish Trends and Potential for a Bullish Reversal

Introduction Similar to bitcoin, ethereum (ETH), the second largest cryptocurrency by market cap, has experienced market turmoil and a distinct downtrend. As of January 22, 2024, ether has shown a notable decrease, with a 3.3% drop in 24 hours and a 5.7% decline over the past week. Ethereum Market Capitalization and Price Ethereum's market capitalization

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FTX Reimbursement Plan Faces Objections from Customers

Introduction FTX estate debtors recently submitted a proposal to reimburse customer assets based on their value as of November 11, 2022. However, this plan has faced significant objections from FTX customers, who are dissatisfied with various aspects of the proposed compensation. Let's delve into the objections raised and the concerns expressed by these customers. Objection

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Michael Howell Predicts Continued Surge in Global Liquidity Benefiting Stocks, Gold, and Crypto

Michael Howell, the founder and CEO of Crossborder Capital, a London-based independent research and investment company, has offered a unique perspective on the current state of the global economy. Contrary to the prevailing narrative of monetary tightening, Howell believes that there is a rise in liquidity which will have a positive impact on stocks, gold,

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Trezor Alerts Users to Phishing Risk After Security Breach

Trezor Discovers Breach in Support Ticketing System In a recent security alert, Trezor, the company behind the popular cryptocurrency hardware wallet, announced that it had identified unauthorized access to its third-party support ticketing portal. This breach potentially compromised the personal contact information of over 66,000 customers. The incident has raised concerns about the risk of

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Crypto Snipers Strike Gold as Traders Earn Millions in SAVM Token Launch Frenzy

Lone Sniper Hits $7 Million Jackpot, Trio of Traders Net $1 Million Apiece During SAVM Crypto Launch A recent report from Arkham Intelligence revealed that the launch of the satoshivm (SAVM) token two days ago resulted in three skilled crypto traders, known as snipers, earning a profit of $1 million each. The most successful sniper

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JPMorgan Warns of Incoming Bitcoin Selloff With Anticipated $3 Billion Grayscale Outflow

JPMorgan Analyst Predicts Bitcoin Price Decline Global investment bank JPMorgan has issued a warning about an upcoming selloff in Bitcoin, citing an anticipated outflow of $3 billion from Grayscale's Bitcoin fund. The bank's analyst, Nikolaos Panigirtzoglou, believes that this outflow will put further pressure on Bitcoin prices in the coming weeks. He also explained that

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Morgan Stanley Warns of US Dollar’s Dominance at Risk, Highlights Potential Impact of Crypto on Currency Landscape

Morgan Stanley's Concerns on the U.S. Dollar Morgan Stanley, a prominent investment bank, has recently raised concerns about the potential decline of the U.S. dollar's dominance in the global financial system. The bank points to the increasing interest in digital assets, including bitcoin, as a significant factor driving this shift. According to Morgan Stanley, the

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