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The crypto currency market faces a new multi- million aire criminal event on November 10. On this Friday, more than $117 million was reportedly stolen from Poloniex, a centralized exchange owned by Justin Sun, founder of Tron (TRX). Justin Sun commented on X at 11:42 am UTC about the hack incident: “We are currently investigating the Poloniex hack incident. Poloniex maintains a healthy financial position and will fully reimburse the affected funds. Additionally, we are exploring opportunities for collaboration with other exchanges to facilitate the recovery of these funds.” — Justin Sun (@justinsuntron)  So far, 107 cryptocurrencies have been stolen for amounts superior to $10,000 each, out of the $117.20 million identified by Arkham Intelligence , at the time of publication. Ponoliex hacker address. Source: Arkham Intelligence What cryptocurrencies were stolen by the Poloniex Hacker? Banking JPMorgan implements programmable payments using blockchain tech ...

The Institute of Crypto-Assets held a formal opening at the Léonard de Vinci center in the business district just outside of Paris. On Nov. 8, the first-of-its-kind Institute of Crypto-Assets held a formal opening at the Léonard de Vinci center in the business district just outside of Paris.  The Institute will support and conduct research related to blockchain technology and crypto currencies. Its scientific board includes 11 experts from major French educational institutions, such as the National Center for Scientific Research (CNRS) and École polytechnique. A committee of 6 practitioners, including co-founder of Ledger, Nicolas Bacca, and founder of the crypto exchange Paymium, Pierre Noizat, will also oversee the work of the Institute. According to Cyril Grunspan, the director of the Cryptoassets Institute, it will focus primarily on educational goals: “Our goal is not to lobby but to create a forum for discussion on cryptoassets.” Two lectures accompanied the opening: histori...

The Ethereum network has made the switch from proof-of-work mining to proof-of-stake mining. The transition was completed successfully on September 15, 2022. Additionally, the blockchain went through some major changes as validators replaced miners. Recently, the much-awaited Shapella upgrade went live, allowing these speakers to withdraw their staked Ethereum 2.0. Additionally, with numerous developments on the Ethereum blockchain, let us learn about ETH a bit more. Ethereum in a nutshell Vitalik Buterin built the decentralized blockchain platform Ethereum in 2015, along with the Ethereum Foundation, to support the development and execution of smart contracts and decentralized applications (dApps). Additionally, it has developed to become one of the biggest and most popular cryptocurrencies in the world. Ethereum is distinguished from Bitcoin by its programmability. Also read: Ben Armstrong Sues Ex-Colleagues Over Alleged Stolen Lamborghini The blockchain has gr...

When it comes to privacy and regulation, could Vitalik Buterin’s Privacy Pools be the answer? Ethereum co-founder Vitalik Buterin recently authored a research paper, the primary focus of which was integrating privacy features into blockchain transactions while ensuring compliance with a range of regulatory requirements. Experts from various backgrounds collaborated on this research project, including early Tornado Cash contributor Ameen Soleimani, Chainalysis chief scientist Jacob Illum, and researchers from the University of Basel. The diverse team reflects the interdisciplinary nature of the research, drawing insights from crypto currency, blockchain security and academic scholarship. The paper suggests a protocol known as “Privacy Pools,” which can act as a regulation-compliant tool aimed at improving the confidentiality of user transactions. How do Privacy Pools work? Privacy Pools, as Buterin and the team explain in the research paper, aim to protect the privacy of transactions ...

K33 Research’s report shows the crypto market exhibits a bullish trend as Bitcoin maintains a steady trading range and altcoin s, like Solana, experience significant gains amid new technological developments and market speculation. In recent weeks, the crypto market has shown signs of bullish behavior, with particular attention on the movements of Bitcoin and a variety of altcoins, as detailed in a recent K33 Research report. Stability marks Bitcoin’s current state, as its value oscillates between $34,000 and $36,000. This steadiness, however, has come with a slight reduction in its market dominance, which has dipped from 53.1% to 51.5%. BTC dominance has declined from 53.1% to 51.5%, caused by non-ETH altcoin s pushing higher. Simultaneously, Bitcoin derivatives markets are growing more optimistic. Read more, including the monthly outlook, in this week's Ahead of the Curve https://t.co/miuF6Vzose pic.twitter.com/ekwsNCWb8j — K33 Research (@K33Research) Nove...

Robinhood reported $23 million in crypto revenue in Q3 2023. WuBlockchain reports a 55% decline in Robinhood’s crypto assets compared to the same period in 2022. The trading firm will launch its U.K. Brokerage operations and EU Crypto trading within the year. California-based financial services firm Robinhood (HOOD) disclosed $23 million in cryptocurrency revenue for the third quarter (Q3). The value reported is 25% less than its $31 million revenue in the second quarter. The Q3 report also emphasized a 29% year-over-year increase in Robinhood’s overall net profit, reaching $467 million. This boost is attributed to elevated net interest and other revenues, although partially offset by a decline in transaction-based revenues. Robinhood reported third-quarter earnings, with cryptocurrency-related revenue down 55% from the same period last year, recording $23 million. Robinhood plans to expand cryptocurrency trading to the European Union in the c...

The deal aims to enable faster, cheaper payments between 27 African countries, working with three Onafriq partners. Ripple will power new payment corridors between 27 African countries and Australia, the United Kingdom and the Gulf Cooperation Council (GCC) under a deal with African mobile payment s provider Onafriq. Onafriq will use Ripple Payments' blockchain technology along with with three partner ing companies. Zazi Transfer will provide transfer services to Australia, PayAngel will serve the U.K. and Pyypl will serve GCC member states Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates. Remittances make up a large part of cross-border payment s to Africa. Ripple senior vice president of global customer success Aaron Sears told Cointelegraph: “Sub-Saharan Africa has proven to be a bright spot of crypto adoption, with consumers in countries like Nigeria, Kenya, and South Africa employing digital assets for real-world, day-to-day purposes.” Pyypl is alrea...

Proof Group, the successful bidder for Celsius, is now attempting to revive the collapsed exchange FTX. FTX’s potential relaunch options reportedly include a sale or partnership, with a decision anticipated by mid-December. The relaunch may face complexities akin to Voyager’s failed restructuring attempts . Silicon Valley’s Proof Group, known for its recent successful bid on the bankrupt crypto lender Celsius as part of the Fahrenheit consortium, is reportedly in contention to revitalize the defunct crypto exchange FTX.  This information comes from sources familiar with the ongoing plans. Previously, Perella Weinberg Partners, an investment bank involved in the process, disclosed that the options for FTX’s revival have been narrowed down to a shortlist of three, with Proof Group being one of them. Kevin Cofsky of Perella Weinberg reportedly revealed that they were weighing the sale of the entire exchange, which boasts a c...

The Algorand-based AI-powered content publishing platform LimeWire is back on trends with its native utility token, LMWR, reaching its 25-week high.  LMWR is up by 85% in the past 24 hours and is trading at $0.36 at the time of writing — last seen in mid-May this year. The asset’s market cap has reached $16.35 million. 24-hour trading volume rose by 490%, surpassing the $6.9 million mark.  LMWR price – Nov. 7 | Source: Santiment The asset touched a local top of $0.47 briefly at around 03:00 UTC earlier today. At the current price point, LimeWire is up by 462% from its all-time low of $0.05 in mid-August and still down by 83% from its all-time high of $1.92 in mid-May when the token launched. You might also like: Zero-knowledge proof investments surge as practical use cases emerge Moreover, data provided by Investors Observer shows that the resistance point for LMWR is set at around $0.16, with the expectations of a further plunge if the asset closes down to th...

U.K. financial regulators, including BoE and FCA, released discussion papers on regulating stablecoins. Stablecoin issuers are required to fully back digital assets with deposits at BoE to ensure stability. FCA to oversee the wider crypto sector, stablecoin issuers must seek authorization for circulation. The U.K. financial regulators, including the Bank of England (BoE) and the Financial Conduct Authority (FCA), have released discussion papers outlining plans to regulate stable coins . These proposals are part of a broader effort by the U.K. government to oversee the crypto sector. The discussion papers were published alongside a letter from the Prudential Regulation Authority (PRA) to bank Chief Executive Officers on innovations in the use by banks of deposits, e-money, and stable coins , and a roadmap paper. The PRA expects lenders in the country to mitigate risks “of contagion.” The letter stated, “Contagion risks will be lower for stablecoins used in...

Crypto Tony revealed that he will keep his BTC long position open for as long as it trades above $33K. In his post, the trader did share that he will hedge his position with a short if BTC breaks below $34,100. At press time, BTC was trading hands at $34,906.62 following a 24-hour loss of 0.75%. The cryptocurrency trader and analyst Crypto Tony revealed in an X post today that he will continue to remain in his long position for Bitcoin (BTC) in the next few days. According to the post, the trader entered into a long position when the market leader was at $29K, and Crypto Tony will keep this position open for as long as BTC remains above $33K. $BTC / $USD – Update Simple play here legends. I remain in my long entered at $29,000 while we are above $33,000, and i will be hedging short if we lose $34,100 support zone pic.twitter.com/gnlZc7blmL — Crypto Tony (@CryptoTony__) November 6, 2023 Although the trader maintains a positive outlook for BTC ...

A security breach has resulted in the loss of 2,675.73 XMR from Monero's community crowdfunding wallet. The cause and source of the breach remain unidentified. A recent attack compromised Monero’s community crowdfunding wallet , wiping out its entire balance of 2,675.73 Monero (XMR), worth nearly $460,000. The incident took place on Sept. 1 but was only disclosed on GitHub on Nov. 2 by Monero’s developer Luigi. According to him, the source of the breach has not been identified yet. "The CCS Wallet was drained of 2,675.73 XMR (the entire balance) on September 1, 2023, just before midnight. The hot wallet, used for payments to contributors, is untouched; its balance is ~244 XMR. We have thus far not been able to ascertain the source of the breach." Monero’s Community Crowdfunding System (CCS) funds development proposals from its members. “This attack is unconscionable, as they’ve taken funds that a contributor might be relying on to pay their rent or buy food,” noted in...

Currently, Bitcoin (BTC) is aiming to reclaim the $35,000 mark, a significant resistance level for the maiden cryptocurrency. Analysts argue that maintaining sustained gains above this position could pave the way for further advances. Amid the short-term price gains, a section of the market believes that Bitcoin is poised for another significant price correction before rallying.  However, on November 4, a crypto trader and analyst known by the X (formerly Twitter) pseudonym Thescalpingpro observed that the likelihood of Bitcoin correcting is impossible, as the triggers for lower price levels have already occurred. From Thescalpingpro’s perspective, Bitcoin is on track for a parabolic shift following two significant ‘Black Swan’ event s – the coronavirus crash and the recent FTX collapse. He pointed out that Bitcoin’s gradual recovery since the FTX incident has set the stage for a potential surge in value. Bitcoin price analysis chart. Source: Thescalping...

A crypto analyst predicted a major surge in Arbitrum’s demand, bringing in massive revenues. Hitesh claims that approving a proposal will reward users $ARB from a dedicated 175 million supply. Currently, there are more than 95 active proposals listed on Arbitrum DAO’s Snapshot page, collectively requesting 100.2 million ARB tokens. Earlier today, crypto analyst Hitesh tweeted that “$ARB at $1 is a FUD,” suggesting that Arbitrum will bring massive revenues with a “surge in demand expected.” Moreover, he stated that Arbitrum is on the “verge of endorsing a significant proposition,” enabling token holders to lock up their $ARB for 12 months, granting them rewards in $ARB from the allotted 175 million supply, based on current voting trends. $ARB at $1 is a FUD.$ARB is on the verge of taking off, with a massive surge in demand expected. Arbitrum is poised to approve a major proposal that will allow token holders to lock up $ARB for 12 months, rec...

Nov 03, 2023 at 09:25 // Price Author Coin Idol Bitcoin (BTC) has been fairly stable over the past week as the bulls have taken control of prices. Bitcoin (BTC) Price Long Term Prediction: Bullish Bitcoin (BTC) has been trading above the $33,400 support level since October 27. On October 24, BTC reached a high of $35,198 before being pushed back by a long candle. The largest cryptocurrency retreated and continued its consolidation between the $33,400 and $35,200 levels. The bulls are currently facing resistance as buyers are trying to break above...

A widely followed crypto strategist is declaring the bear market officially over, laying out bullish paths for Bitcoin (BTC) and altcoins alike. Crypto trader Michaël van de Poppe tells his 670,300 followers on the social media platform X that he expects altcoins to follow BTC in reaching new yearly highs. “Bitcoin breaks out and reaches a new yearly high. Not a massive breakout, but as long as we stay above $34,800, the next target is $36,500-37,000. Altcoins to follow after.” Source: Michaël van de Poppe/X According to Van de Poppe, BTC’s consolidation above and around the $35,000 area will lead to more rallies, specifically from the decentralized finance (DeFi) sector. All in all, the trader says the bear market is over. “Bitcoin still consolidating above $35,000. Slowly, but surely, more DeFi projects start to rally. I wouldn’t be surprised if we get a renewed DeFi summer in 2024. The bear market is behind us.” BTC is wort...

A Bloomberg crypto analyst says that Ethereum (ETH) and two other altcoins are creating unprecedented financial opportunities for emerging markets. Blockchain analyst Jamie Coutts says on the social media platform X that ETH, Polygon (MATIC) and Solana (SOL) are unlocking greater access to the private credit market. “Public blockchains hold immense potential for empowering global citizens. The $850 billion private credit market is just the beginning. Currently, there are $568 million in active loans issued through credit funds on platforms like Ethereum, Polygon, and Solana. Who’s investing? Demand primarily stems from equatorial regions, specifically emerging markets (EM), with minimal participation from developed markets (DM). Historically, private credit was reserved for accredited investors. But now, thanks to public blockchains and the rise of stablecoins, regions plagued by inflation and starved of yields can tap into USD private credit opportunities. ...

With a growth trend that has been positive for the previous month, Solana (SOL) continues to post substantial numbers in November. Starting at $22 at the beginning of the previous month, the last third of October has seen a notable rise in the valuation of SOL, which peaked at almost $38. With the market that is ever evolving and financial tools being constantly upgraded, Finbold has turned to machine learning algorithms for the prediction of the price for this crypto asset by the end of November. PricePredictions enabled us to gain valuable insight into the potential future price of this digital currency for this month. Data retrieved on November 2 shows us that Solana’s price will continue with a gradually positive upside trend, experiencing slight upside bumps in the final third of November and finally settling at $47.06 by the end of the month. Solana price prediction for November 30 Source: PricePredictions Cryptocurrency TRON emerges as go-to blockchain f...