Ether experienced a 10% correction between July 31 and Aug. 2, retesting the $3,000 support for the first time since July 8. This movement significantly outpaced the broader cryptocurrency market, which declined by 6.8% during the same period. Despite this, Ether futures open interest rose to...
While Grayscale’s spot Ether ETF experienced substantial outflows, other ETFs are showing different trends.
United States-based spot Ether exchange-traded funds (ETFs) saw significant movements on Aug. 2, with outflows from the Grayscale Ethereum Trust (ETHE) hitting $2.1 billion.
According to...
It turns out that “airdrop” has a different meaning in the crypto world. A crypto-airdrop is the free distribution of tokens by a startup to its current and potential users to promote a project. In other words, it’s marketing at its finest using digital assets to speed up the adoption of digital...
10 Crypto Trends for 2024
The market has been bullish since the beginning of the year, with multiple currencies revealing optimistic growth trends. To avoid being unfounded, we'll give at least the example of Bitcoin, whose value recently reached its new historical maximum of more than $73,000...
Are you intrigued by the idea of crypto trading bots but find yourself baffled by how they actually function? Fear not, as we embark on a journey to unravel the mechanics behind these powerful tools and empower you to harness their potential with confidence and clarity.
Decoding Crypto Trading...
What does crypto mining mean to you? For some, it means risk. When mining, there is always a chance you could lose money on your investment. Price volatility can be a factor, as well as the risk of burning out your equipment or losing precious information.
An obvious risk to mining is security...
How Much a Crypto Miner Earns
How much a miner earns depends on the cryptocurrency they are mining and what proof method they are using.
In Bitcoin, the number of coins awarded decreases over periodic events known as a “halvening,” or halving, when the coin’s subsidy gets cut in half. After...
What is Crypto Mining and How it Works
What is mining? How is cryptocurrency mined? Crypto mining is the process by which new tokens get put into circulation. The process begins when a transaction is submitted and authenticated. A block representing that transaction is created and sent to every...
Custody Risk
Custody risk refers to losing access to or control of digital assets due to the failure or inability of a third-party custodian. This can be caused by the following:
Hackers breach the custodian's security systems and steal the assets.
The custodian goes out of business or becomes...
What is Crypto Staking?
Crypto staking is locking up your crypto holdings to support a blockchain's security, integrity, and efficiency. It's similar to the concept of earning interest on a savings account. The difference is that, with staking, you earn rewards for helping to secure a blockchain...
The Federal Bureau of Investigation (FBI) has warned cryptocurrency users about scammers impersonating crypto exchange employees to steal funds through unsolicited messages or calls. These fraudsters create urgency, claiming issues with accounts to trick victims into providing login details...
The Ohio Department of Commerce has ordered crypto exchange Coinzoom to cease operations in the state effective Aug. 1 following a regulatory examination. Current customers can still withdraw their assets, but the exchange cannot accept new business. The suspension follows a multi-state...
The popularity of certain types of crypto scams evolve over time. Let’s observe what you should be aware of in the upcoming year.
Ransomware
Crypto ransomware scams occur when hackers take over a victim’s device or account using malicious software, encrypt it, and then demand payment in...
Here are several steps to help prevent crypto scams:
Learn about blockchain. Gain a solid understanding of cryptocurrencies, blockchain technology, and how they work. The more you know, the better equipped you’ll be to recognize scams. Scammers are always coming up with new ways to deceive. By...
Crypto scams can take various forms. Fraudsters use various psychological tricks and can be extremely convincing. It’s essential to keep your customers informed, remind them to conduct thorough research, and exercise caution when considering any crypto-related investment or a business...
BtcTurk, one of Turkey's largest cryptocurrency exchanges, said it was attacked on June 22, and cryptocurrency deposits and withdrawals have been stopped. Officials said that some balances in the hot wallets of 10 cryptocurrencies were affected, and the cold wallets that hold most of the assets...
Since 2009, bitcoin has continued to develop rapidly, and in the last 15 years, many different altcoins and ecosystems have emerged, especially bitcoin. Although it is still not used like cash in daily life, we can now make payments in many areas with cryptocurrencies. How much impact do you...