Author: Ethan Carter
Ethan is a seasoned cryptocurrency writer with extensive experience contributing to leading U.S.-based blockchain and fintech publications. His work blends in-depth market analysis with accessible explanations, making complex crypto topics understandable for a broad audience. Over the years, he has covered Bitcoin, Ethereum, DeFi, NFTs, and emerging blockchain trends, always with a focus on accuracy and insight. Ethan's articles have appeared on major crypto portals, where his expertise in market trends and investment strategies has earned him a loyal readership.
Here’s a rewritten version of your content, maintaining the original HTML tags: The price of Bitcoin has successfully climbed above the $112,000 mark, currently hovering just below $113,000. After experiencing a dip below $110,000 due to a sharp decline caused by liquidations, is there still potential for a rally? Summary Bitcoin is stabilizing around the $112,000 level but needs to exceed $114,000 to initiate a rally. Matrixport reports that the current resistance zone is located at $109,000, indicating that BTC must stay above this level to avoid further declines. The Bitcoin price suffered a considerable decline as mass liquidations erased…
The decentralized social platform UXLink announced on Wednesday the deployment of a new Ethereum contract following a multisignature wallet exploit that enabled attackers to mint billions of unauthorized tokens, significantly diminishing the value of its native asset.UXLink stated that the new smart contract had successfully passed a security audit and would be introduced on the Ethereum mainnet. The project indicated that the mint-burn function had been eliminated to avert similar events in the future.On Tuesday, the project confirmed the breach, noting that a considerable amount of cryptocurrency was transferred to exchanges. Loss estimates from the incident vary; Cyvers Alerts believes…
The decentralized social platform UXLink announced on Wednesday that it has launched a new Ethereum contract following a multisignature wallet exploit, which enabled attackers to mint billions of unauthorized tokens and led to a collapse in the value of its native asset.UXLink stated that the new smart contract has undergone a security audit and will be deployed on the Ethereum mainnet. The project mentioned that the mint-burn function has been removed to avert similar incidents in the future.On Tuesday, the project confirmed the breach, noting that a significant quantity of cryptocurrency was transferred to exchanges. Loss estimates from the hack…
The treasury model: Why corporations and nations hold crypto In recent years, businesses and governments have progressively integrated cryptocurrencies into their treasury strategies. Traditionally, treasuries relied on cash, gold, or government bonds to preserve value, ensure liquidity, and maintain financial stability. Governments maintained gold reserves to underpin their currencies. However, cash is losing purchasing power. Bonds come with rate and duration risks. Foreign exchange shocks can unexpectedly impact balance sheets. Ideally, you want a reserve that maintains value, facilitates rapid cross-border transactions, and integrates into digital systems. This is why Bitcoin (BTC), Ether (ETH), and, in certain situations, stablecoins now…
ASTER, the native currency of the Binance-supported decentralized exchange Aster, has emerged as the leading gainer today, soaring 20% in the last 24 hours. This surge has occurred even amid increased selling pressure throughout the wider crypto market. With rising interest from “smart investors” and a general uptick in buying activity, ASTER is on track to reclaim its all-time high and possibly hit new price records.Sponsored Sponsored Two Bullish Signals Position ASTER for Further Gains Data from the ASTER/USD 4-hour chart indicates a consistent rise in the token’s Smart Money Index (SMI) since its debut on September 17. This suggests…
Sure! Here’s a rewritten version of the content while maintaining the original HTML tags: According to Strategy executive chairman Michael Saylor, Bitcoin is expected to rebound towards the end of the year, driven by increasing corporate and institutional interest.Saylor informed CNBC’s Closing Bell Overtime on Tuesday that the rise in Bitcoin (BTC) adoption by corporations and the consistent purchases by large exchange-traded funds (ETFs) for institutional investors are depleting the available supply.He noted, “Companies investing in Bitcoin are acquiring more than the natural supply generated by miners,” which is resulting in “upward pressure on the price.”Strategy chair Michael Saylor stated…
In today’s crypto news, the CFTC has initiated a plan to allow stablecoins in derivatives markets, the SEC is creating an “innovation exemption” to expedite the approval of crypto products, and blockchain payment firm Fnality has raised $136 million from prominent banks to expand its settlement network.CFTC launches initiative for stablecoins as collateral in derivatives marketsCaroline Pham, the acting chair of the Commodity Futures Trading Commission, announced on Tuesday that the agency has initiated a program to permit tokenized assets, including stablecoins, to be utilized as collateral in derivatives markets.“The public has indicated that tokenized markets are the future,” Pham…
The US Commodity Futures Trading Commission (CFTC) is exploring the use of tokenized assets, including stablecoins, as collateral in derivatives markets, a move that has the backing of crypto industry leaders.CFTC acting chair Caroline Pham stated on Tuesday that her agency aims to “collaborate closely with stakeholders” regarding this initiative and is inviting feedback on the use of tokenized collateral in derivatives markets until October 20.“The public has spoken: tokenized markets are here, and they are the future. I have long asserted that collateral management is the ‘killer app’ for stablecoins in market settings.”If carried out, stablecoins such as USDC…
Vitalik Buterin, co-founder of Ethereum, has emphasized the necessity for open-source, verifiable infrastructure in essential fields such as healthcare, finance, and governance, cautioning that centralized systems could undermine trust and security.In a blog post published on Wednesday, Buterin contended that as digital infrastructure becomes integral to daily life, dependence on closed, opaque systems heightens the risk of exploitation and monopolization.“Civilizations benefiting most from technological advancements are those that produce technology, not merely consume it,” he stated, adding that “openness and verifiability can combat global balkanization.”Buterin envisions a future where verifiable devices underpin global systems. “We are likely to see digital…
The crash in Bitcoin prices started over the weekend, causing the digital asset to drop beneath the $112,000 support level. Notably, this decline was anticipated by several crypto analysts who had highlighted the vulnerabilities surrounding Bitcoin during this period. As these forecasts begin to materialize, this report examines the overall predictions, with many indicating that the Bitcoin price decline is far from finished and must delve deeper before reaching a bottom. Bitcoin Price Is Set to Fall Below $100,000 Crypto analyst HAMED_AZ had previously identified that the Bitcoin price was within a descending channel. Given the bearish trend, a crash…