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ForkLog 55 24.10.2024

Glassnode Observes Growing Optimism Among Bitcoin Investors

Bitcoin prices have broken through several critical on-chain and technical resistances, approaching the upper boundary of a seven-month volatile sideways trend, according to a report by Glassnode. Specifically, the price surpassed the combined resistance of the 200 DMA and 111 DMA. The 365 DMA served as strong support during the correction in early August. Analysts […]

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ForkLog 51 22.10.2024

Analysts Assess Binance’s Market Share Decline Over the Past Year

Over the past year up to October 9, Binance accounted for $22.5 trillion out of $54 trillion in trading volume across spot and derivatives markets on 22 platforms, according to data from 0xScope. Read the full report here: https://t.co/0PsYzBujP3 pic.twitter.com/wJNz17rwqr — 0xScope (@ScopeProtocol) October 21, 2024 Analysts noted increased competition among CEX, which has weakened […]

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ForkLog 101 22.10.2024

Report: Iranian Exchanges Linked to Government and Sanctions Evasion

Most Iranian centralized cryptocurrency exchanges are linked to the government and participate in the country’s evasion of sanctions, according to OSINT researcher Maria Noor. Current status of Iran’s local cryptocurrency Exchanges: Tens of Millions of Users and Severe US Sanctions By @MARIANOOR_BTC Nobitex, Excoino, Wallex, and Bit Pin are four major CEXs in Iran. 15 […]

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ForkLog 13 22.10.2024

Experts Downplay Quantum Threat to Cryptocurrencies

In October, Chinese scientists reported the “world’s first effective attack” using a quantum computer. Several experts agree that quantum hacking does not pose an immediate threat to Bitcoin. They urge preparation for a post-quantum future and the development of a roadmap for defense against attacks. Private keys in the Bitcoin network are unlikely to be […]

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ForkLog 21 21.10.2024

Institutional Demand Drives Inflows to Bitcoin ETFs, Expert Explains

On October 18, inflows into spot Bitcoin ETFs reached $273.7 million, with a total of $2.38 billion over the past six days. Data: SoSoValue. Cumulative inflows into these products since trading began in January have approached $21 billion. Nate Geraci, president of ETF Store, commented on the data. Monster day for spot btc ETFs… $550mil […]

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ForkLog 10 21.10.2024

Vitalik Buterin Proposes Solutions for Ethereum Staking Economy Challenges

Ethereum co-founder Vitalik Buterin, in the third part of his essay on the “potential future” of the network, examined the risks of centralization in the Proof-of-Stake mechanism due to economic pressures and proposed solutions. Possible futures of the Ethereum protocol, part 3: The Scourgehttps://t.co/mtzH1ZxTak (I tried my best to be fair to all sides of […]

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ForkLog 67 18.10.2024

The Darknet Under Siege? Experts Weigh in on Tor Browser’s Anonymity

Amid arrests and the unmasking of darknet administrators, Tor Browser users are questioning its security. Several experts involved in the browser’s development have sought to clarify the situation. Concerns intensified after German authorities discovered a method to unmask cybercriminals on Tor through timing analysis. Specifically, they identified the owners and an active user of Boystown, […]

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ForkLog 4 17.10.2024

Bitcoin Exchange Reserves Plummet to Multi-Year Low

Bitcoin reserves on centralized cryptocurrency exchanges have fallen to a multi-year low, according to data from CryptoQuant.

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ForkLog 21 17.10.2024

Radiant Capital Hacked for Over $50 Million

The lending protocol Radiant Capital, backed by Binance Labs, suffered an attack amounting to over $50 million. The hacker obtained private keys for three out of 11 signatures and altered smart contracts. The lending protocol Radiant Capital was breached on the BNB Chain and Arbitrum networks. The team urged users to revoke permissions for affected […]

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ForkLog 6 16.10.2024

Coinbase Observes Cryptocurrency Market Reaching ‘Maturity’

In 2024, the digital asset market has reached ‘significant maturity’ due to increased trading volumes and on-chain activity, alongside billions of dollars flowing into crypto ETFs. This is highlighted in a report by Coinbase and Glassnode. Experts noted the accelerated popularization of stablecoins and Layer 2 solutions for the second-largest cryptocurrency by market capitalization. In […]

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ForkLog 21 16.10.2024

Glassnode Highlights Bitcoin’s Volatility Risks

Following Bitcoin’s ATH, a divergence between demand and “active supply” has intensified, historically signalling a period of heightened volatility, according to Glassnode. A notable divergence between supply and demand is emerging, with the #Bitcoin market being range-bound for over seven months. With low volumes across on-chain and futures markets and a HODLer-dominated environment, the scene […]

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ForkLog 24 14.10.2024

Vitalik Buterin Explores Ethereum’s Future in New Essay

Ethereum co-founder Vitalik Buterin has shared his thoughts on the blockchain’s state post-The Merge and its future prospects in a blog post. Possible futures of the Ethereum protocol, part 1: the Mergehttps://t.co/JycODdM4wW — vitalik.eth (@VitalikButerin) October 14, 2024 The main outcome of the hard fork in September 2022 was the transition from the Proof-of-Work consensus […]

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