Author name: Peter

Surge in NFT Sales: Bitcoin Outperforms Ethereum in Thriving Market

Bitcoin Takes the Lead in NFT Sales The non-fungible tokens (NFTs) market has experienced a remarkable surge in sales, with a 52.81% increase over the past week, reaching a total of $503.35 million. In this thriving market, Bitcoin has emerged as the frontrunner, generating $276.79 million in sales, surpassing Ethereum's $99.67 million, which previously held […]

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NFT Trader Security Breach: $3 Million Worth of High-Value Bored and Mutant Ape NFTs Stolen

NFT Trader Compromised: Loss Estimated at $2.85 Million According to reports and confirmation from the peer-to-peer non-fungible token (NFT) market platform, NFT Trader, the platform recently experienced a security breach. The assailant took advantage of an outdated smart contract, leading to the theft of esteemed digital collectibles worth nearly $3 million. The stolen NFTs included

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FDUSD Supply Surges by 74% in Two Weeks, Becoming the Fifth-Largest Fiat-Pegged Cryptocurrency

Introduction In just a fortnight, the stablecoin asset known as first digital USD (FDUSD) has experienced remarkable growth, with its supply increasing by 690 million coins. This surge has propelled FDUSD to become the fifth-largest fiat-pegged cryptocurrency in the market, with a market capitalization of $1.61 billion. FDUSD's Market Growth and Onchain Movements FDUSD has

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Crypto App Shakepay Discloses Data Breach Affecting a Portion of Customers

Shakepay, the Canadian crypto app, has recently revealed a data breach that occurred, impacting a specific group of its customers. The breach, which was discovered on December 13, 2023, resulted in unauthorized access to personal information but did not compromise any bank accounts, crypto wallets, or customer credentials. Addressing Data Breach Concerns and Offering Free

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SEC Rejects Coinbase’s Petition for Regulatory Clarity in Crypto Industry

Coinbase Takes Legal Action Against SEC The U.S. Securities and Exchange Commission (SEC) has rejected cryptocurrency exchange Coinbase's petition for regulatory clarity in the crypto industry. SEC Chairman Gary Gensler backs his agency's decision to deny Coinbase's petition. In response, Coinbase has pursued legal action against the securities regulator to challenge this decision. Coinbase Challenges

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Goldman Sachs Advises Against Expecting Immediate Surge in Bitcoin Price Upon Spot ETF Approval

Goldman Sachs on Spot Bitcoin ETF Hype Global investment bank Goldman Sachs has advised investors against anticipating a sudden and immediate surge in the price of bitcoin upon the approval of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). Nonetheless, Goldman Sachs highlighted that the "ability to actually transact a

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Bitcoin Technical Analysis: BTC’s Consolidation Phase Signals Cautious Market Approach

Bitcoin's Price Dynamics As of December 15, 2023, the price of bitcoin (BTC) showcases an interesting mix of bullish trends and nuanced fluctuations. Following the U.S. Federal Reserve meeting on Wednesday, BTC's price experienced an improvement, but it has since entered a tight consolidated pattern. Bitcoin's Current Status Currently, bitcoin is priced at $42,696, with

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Ethereum Technical Analysis: ETH Faces Downward Pressure; Bearish Trends Emerge Amidst Market Volatility

Ethereum's Market Capitalization and Trade Volume Ethereum (ETH) currently holds a market capitalization of $271 billion, making it a significant player in the crypto economy. With a 24-hour trade volume of approximately $17.54 billion, Ethereum's presence is undeniable. However, recent fluctuations in trade volumes and price range, which has been between $2,254 and $2,331 in

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Bitget Predicts Bitcoin to Reach $100,000 and ORDI BRC20 Token to Rise in the Next Bull Market

Bitget's Optimistic Forecast for Bitcoin and ORDI In a recently published prediction report, Bitget, a leading derivatives crypto exchange, has projected a bright future for the Bitcoin ecosystem. According to Bitget researchers, BTC has the potential to skyrocket to $100,000 in the next bull market, while the ORDI BRC20 token is expected to climb up

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