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Crypto analyst Crypto Banter said the Chinese buying is one of the factors behind the recent Bitcoin pump. Chinese investors were abandoning the Chinese Yuan for Bitcoin, buying at over $32k apiece. Unlike predicted, Bitcoin has seen renewed interest in September, adding a 4% gain in the past 7 days. Crypto analyst CryptoBanter, in a recent video on YouTube, said Chinese buying is one of the reasons behind the recent Bitcoin pump. Following steep declines in August, the world’s largest cryptocurrency has seen moderate positive performance in September. The analyst mentioned that Chinese consumers are abandoning the country’s currency, which has depreciated in value, for Bitcoin and gold. The stock market and housing market crisis have also reportedly weakened the Chinese Yuan. According to the analyst, the rush for digital gold in China has seen its price go up to $32,500 for one bitcoin and then swap for USDT at $33k. The price of Bitcoin in China i...

Ethereum has seen significant gains since Sept. 12, when its price dropped to $1,530. However, the asset shows signs of a decline as active addresses and deposits incline. According to data provided by the market intelligence platform Santiment, the number of active ETH deposits into exchanges rose by around 39.5% over the past three days — from 12,800 on Sept. 17 to 17,734 transactions in a 24-hour time frame at the time of writing.  ETH price, exchange activity, whale activity, and active addresses – Sept. 20 | Source: Santiment In addition, the number of daily active addresses registered an 11% hike in the same time frame — rising from around 357,200 to 396,150 wallets over the past three days. However, the amount of ETH inflow to exchanges has dropped significantly.  You might also like: Former UK politician says crypto exchanges pressed him Per Santiment, 13,437 ETH entered the exchanges in the past 24 hours. This is 46.6% down from the 25,166 toke...

Circle, the issuer of USDC, has announced the official launch of USD Coin on the Polkadot network as of Sept. 19. Following the announcement, developers and users can now readily access Polkadot USDC and transfer to Polkadot parachains through the XCM protocol, as stated on Circle’s website. New use cases As part of the announcement, Circle said this release will open up new opportunities for exchanges, digital wallet providers, institutional traders, and developers. These include enabling cost-effective, near-instant global payments and remittances, facilitating round-the-clock trading and lending on parachains such as Centrifuge, HydraDX, and Moonbeam, as well as offering users the ability to securely store their savings in digital dollars without the necessity of a traditional bank account. At the same time, Circle underscored the importance of native support for Polkadot USDC issued exclusively on Polkadot Asset Hub within the Polkadot ecosystem. This clarification i...

Kenya’s interior cabinet secretary Kithure Kindiki has claimed that US authorities blocked the country from detaining several top executives of controversial crypto project Worldcoin. Worldcoin ’s co-founder and CEO Alex Blania, as well as its chief legal counsel Thomas Scott, were among those arrest ed in Nairobi’s airport by Kenya n authorities, a spokesperson for Worldcoin ’s parent firm confirmed to local outlet Nation. Co-founded by ChatGPT founder Sam Altman, the crypto company has come under fire across the globe for privacy and ethical concerns. In Kenya alone, it’s estimated that at least 350,000 people had elected to have their irises scanned by the company in exchange for just Sh7,000 ($48) in its volatile cryptocurrency, WLD. In swift response to Worldcoin’s global rollout, Kenya decided to block the project on August 2. It set up an independent committee to probe its impacts. US tells Kenya it wants its Worldcoin bigwigs back At the...

In the ongoing presale, Tradecurve Markets prices are firm, taking on established projects like Polygon (MATIC) and Polkadot (DOT). This article aims to explore why the project is gaining ground. Tradecurve Markets outshines Polygon and Polkadot  Tradecurve Markets is a hybrid trading platform that provides direct access to stocks, forex, commodities, and indices. It seeks to provide a more efficient way for traders and investors to move capital between these asset classes. The platform emphasizes user privacy, harnessing the power of decentralized finance (defi). In their approach, the platform eliminates the need for know-your-customer (KYC) procedures, which often tend to deter many potential traders.  You might also like: Polkadot and Helium coin holders exploring Tradecurve To access Tradecurve Markets, users can register with their email, connect with their wallet, deposit crypto collateral, and start trading. The platform also offers leverage of up ...

A few weeks after launching, the Spacemesh protocol is making steady progress. Following nearly five years of research and development, the platform has demonstrated positive outcomes. Notably, this growth is without extensive marketing efforts and is primarily driven by word-of-mouth Tomer Afek, the co-founder and CEO, takes us through the project, explaining why the platform has been gaining traction. In epochs 2, 3, and 4, community members increased from 2,800 to 32,000 in just a few weeks. This was all due to word of mouth rather than any marketing efforts. Tomer Afek commented on this, saying: “Spacemesh has been under the radar, and we refrained from marketing – the rumor about spacemesh being live and working well is spreading organically – With its unique approach to consensus algorithms and a vision to create a decentralized financial ecosystem, Spacemesh is capturing the attention of both technologists and enthusiasts alike.” Spacemesh has developed a con...

Author: GaryMa WuBlockchain Vitalik Buterin has been frequently discussing a concept called “statelessness” in recent presentations at events like the Korea Blockchain Week, in Singapore, and even during the Ethereum All Core Developers Consensus Call (ACDE). This concept is closely tied to the idea of “state” and is accompanied by various related concepts, such as state expiry, history expiry (EIP-4444), Verkle trees, and even address space expansion/compression. This isn’t entirely new and aligns with Ethereum’s latest roadmap outlined by Vitalik in November of the previous year, which encompasses two critical pathways known as The Verge and The Purge. This article aims to provide insights into these two major pathways and explore some new challenges, helping us understand Vitalik’s vision for solving the state-related issues. State in Ethereum In Ethereum, “state” refers to a comprehensive ledger that includes all externally owned accounts (EOAs), their balances, deployed smart cont...

Lookonchain reported that there has been several large TRB whale transactions since August of this year. A single whale has gathered 540,777 TRB, equivalent to $21.24 million, which constitutes 22% of the total supply. At press time, TRB was worth $40.02 after its price dropped by more than 13% in the past 24 hours. There has been a number of huge Tellor (TRB) whale trans action s since August of 2023, according to a post shared yesterday by the on-chain analytics platform Lookonchain. According to the post, the price of TRB has increased by 360% from $10 to $46 over the past month alone. 1/ The price of $TRB has increased by 360% from $10 to $46 in the past month. A whale has accumulated 540,777 $TRB ($21.24M) since Aug 30, 22% of the total supply. 4 whales withdrew a total of 181,657 $TRB ($7.14M) from #Binance on Sept 14, 7% of the total supply. pic.twitter.com/WUaIlfDXGA — Lookonchain (@lookonchain) September 16, 2023 Since 30 August 2023, a si...

Address poisoning attacks involve tracking, misusing or compromising cryptocurrency addresses. Address poisoning attacks are malicious tactics used by attackers who can reroute traffic, interrupt services, or obtain unauthorized access to sensitive data by inserting bogus data or changing routing tables. The integrity of data and network security are seriously threatened by these assaults, which take advantage of flaws in network protocols. This article will explain what address poisoning attacks are, their types and consequences, and how to protect oneself against such attacks. Address poisoning attacks in crypto, explained In the world of crypto currencies, hostile actions where attack ers influence or deceive consumers by tampering with crypto currency address es are referred to as  address poisoning attack s. On a blockchain network, these addresses, which are made up of distinct alphanumeric strings, serve as the source or destination of transactions. These attacks use a variet...

Remitano, a Seychelles-based cryptocurrency exchange platform, experienced suspicious transactions on Sept. 14. The platform experienced large withdrawals under suspicious circumstances, with over $2.7 million worth of crypto being drained from its wallet by a single account. Tether has frozen one address the attacker allegedly used, potentially saving $1.4 million of customers’ crypto. ALERTOur ML-driven system has detected multiple anomalous transactions with @remitano exchange, resulting in a total loss of $2.7M across 3 chains. we contacted the team to halt any additional losses and initiate efforts to recover suspected stolen funds#CyversAlert pic.twitter.com/lug03WzNh9 — Cyvers Alerts (@CyversAlerts) September 14, 2023 At approximately 12:45 p.m. on Sept. 14, a known Remitano hot wallet began sending funds to an address with no prior history. Roughly $1.4 million worth of Tether (USDT) and $208,000 worth of USD Coin (USDC) stablecoins, as well as 104,000 An...

In the competitive fintech landscape, crypto startups and traditional financial giants are exploring ways to collaborate and integrate. In the evolving financial landscape, as cryptocurrency adoption surges in a more favorable market environment, we find ourselves at a critical juncture, pondering the boundary between centralized and decentralized financial eco systems . Traditional finance (TradFi), fortified by regulatory mechanisms, is locked in a pitched battle with the rapidly growing crypto community, which is championing the principles of decentralization and resistance to censorship. This isn’t just a battle, it’s a time of transition. Both sides understand that the other is not going away any time soon. Traditional titans vs. crypto visionaries On one side of the arena, TradFi institutions wield the power of established processes that are intricately woven into the fabric of our lives. On the other side, we have a legion of determined innovators, passionate communities and ...

Crypto traders are talking about SOL price falling due to the risk of FTX selling its $1.16 billion Solana stake. Are they over-exaggerating? For a long time, Solana (SOL) has been associated with the founder of now insolvent crypto exchange FTX and hedge fund Alameda Research, Sam Bankman Fried. He was an early investor in the project and invested in numerous Solana ecosystem projects during the 2020-2021 bull mania. So when FTX collapsed toward the end of 2022, Solana and other “Sam coins” plummeted significantly, falling to lows of $9.89 — down 96.3% from the peak of $259.96. Since the start of 2023, Solana’s price staged a recovery to gain 175% to reach a peak of $27.37 as the ecosystem also witnessed growth. However, more recently, SOL came under tremendous selling pressure after the Delaware Bankruptcy Court approved the sale of FTX’s digital assets, which includes 55.75 million SOL worth $1.062 million. However, the unlock schedule of FTX’s holdings and derivative market posit...

The Monetary Authority of Singapore banned for nine years two founders of the failed crypto hedge fund Three Arrows Capital (3AC) Former CEO Zhu Su and Chairman Kyle Davies were given prohibition orders that prevent them managing, directing or becoming shareholders of any capital market services firms in the city state for the period.  Kyle Davies, Su Zhu, Mark Lamb Three Arrows Capital Was Once One Of The Largest Crypto Hedge Funds Three Arrows, once one of the biggest crypto hedge funds with some $10 billion in assets under management, filed for bankruptcy in July last year after hitting financial difficulties following the implosion of the Terra ecosystem. It imploded with debts of some $3.5 billion. After the MAS had previously reprimanded 3AC for providing it with false information, it conducted further investigations that uncovered new breaches. These included failing to notify it in a timely fashion of a new hire, providing it with false information in connection with...