$5 Million Reward: Justin Sun Takes Decisive Action Against Poloniex Attackers
Cryptocurrency exchange Poloniex fell victim to a malicious attack, resulting in the loss of over $60 million in customer funds. In response, Justin Sun, leader of the exchange, initiated an ongoing investigation to identify the attackers.
Related Reading: Shiba Inu Burn Rate Soars Over 3,000% – What’s The Impact On Price?
Poloniex Extends Offer to Attackers Nansen data, a crypto analytics platform, reveals that the past day witnessed an outflow of over $68 million in tokens from Poloniex. The attacker targeted assets including ETH, BADGER, REN, OKB, NEXO, and 170 other tokens.
Nansen's report identifies Ethereum and USDT as the major assets affected, each incurring losses of approximately $11 million. While tokens like ELON, USDC, SHIB, and GLM experienced lower losses, they still amounted to millions of dollars.
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In the wake of the attack, Poloniex launched an investigation, with Justin Sun assuring users of the platform's "healthy financial position." Sun, who also founded the TRON blockchain, committed to reimbursing users for their losses and is actively exploring partnerships with other crypto exchanges to recover the funds. Sun announced:
"We are offering a 5% white hat bounty to the Poloniex hacker. Please return the funds to the following ETH/TRX/BTC wallets. We will give you 7 days to consider this offer before we engage law enforcement."
While some in the crypto community praised these efforts to recover the funds, others were critical, with one member highlighting that a "white hat" wouldn't steal funds and then request a bounty, suggesting legal consequences. The community remains divided on the effectiveness and ethical implications of such measures.
APTOS PRICE PREDICTION FOR 2023-2032: WILL APT TOKEN HOLD BULLISH HOPES?
Aptos Price Prediction 2023-2032- Aptos Price Prediction 2023 – up to $8.64- Aptos Price Prediction 2026 – up to $27.83- Aptos Price Prediction 2029 – up to $85.18- Aptos Price Prediction 2032 – up to $244.14As we venture into the period from 2023 to 2032, the next decade promises to be critical for Aptos, aiming to establish itself as a significant blockchain platform. The rapidly changing market dynamics, technological advancements, and evolving adoption trends will undoubtedly shape Aptos’s p
Bitcoin is striving to break out of its recent trading range, with predictions indicating potential further upside with the price targeting up to $48,000. While the current focus remains on holding support at $35,000, some traders anticipate a temporary dip, citing $34,600 as an ideal downside target. Despite bearish predictions, some experts foresee a bullish trend with the possibility of Bitcoin reaching $50,000, considering the upcoming halving in April 2024. Additionally, Switzerland's St.Galler Kantonalbank has joined the crypto space, offering Bitcoin and Ether trading to its clients in partnership with SEBA.
Bitcoin surged by 27% in October, hitting a 17-month high of $35,000, prompting speculation about a potential $40,000 rally. This surge was partly driven by false reports about Blackrock's spot ETF approval and anticipation of the Federal Reserve's interest rate decision. The entire crypto market capitalized on this momentum, with a 19% jump in its total market capitalization, reaching $1.255 trillion. Analysts believe that the recent surge was influenced by panic buying in the derivatives market, along with growing buzz around Bitcoin ETFs and other macroeconomic factors. Apart from Bitcoin, other cryptocurrencies like Solana (SOL) and Ethereum's ether (ETH) also saw significant gains during this period.
Shibarium has recently launched the Shib Name Service (SNS), a feature aimed at simplifying and securing digital transactions. By transforming complex digital addresses into user-friendly names like "bob.shib" or "John.shib," SNS enhances usability and reduces the likelihood of transaction errors. Operating within the broader Shibdentity ecosystem, SNS aligns with the platform's decentralized identity goals, offering self-custodial authentication, decentralized verifiable credentials, and W3C-compliant smart wallets. To get started with SNS, users can easily connect their wallet to the platform, choose a desired name and purchase period, and approve the transaction through a Metamask popup. Additionally, the incorporation of a cart feature streamlines the process for those looking to acquire multiple names.
Bitcoin outperforms with highest monthly gain since January Bitcoin outperforms with highest monthly gain since January Quick Take
October has proven to be a significant month for Bitcoin, with its closing price exceeding the $34,000 mark. This represents a substantial 26.5% price rise, marking it as the highest monthly performance since January when it rose just shy of 40%.
Month Return January 39.63% February 0.03% March 22.96% April 2.81% May -6.98% June 11.98% July -4.02% August -11.29% September 3.91% October 26.54%
Ethereum also showcased strength in the past month, recording an appreciation of over 7%. This makes it the third-best-performing month of the year for the crypto.
Bitcoin’s performance stands out, particularly when considering its movement through key averages. These benchmarks serve as vital indicators of market sentiment and potential shifts in trend. Most notably, Bitcoin has surged past the 111-day, 200-day, and 200-week moving averages in the past week. This success signifies strong bullish momentum and market confidence in Bitcoin’s value.
Bitcoin moving averages:
These breakthroughs in moving averages, along with the impressive monthly performance of Bitcoin and Ethereum, underscore the enduring resilience and potential growth trajectory of these leading cryptocurrencies in an increasingly digital financial landscape.
Bitcoin is currently showing signs of a bullish triangular consolidation, which often leads to an upward breakout, according to analysts. This pattern, characterized by higher lows and lower highs within the $33,000 to $35,000 range, indicates a temporary pause that typically precedes a positive market trend. The recent rally from $26,500 to $35,000 further supports this optimistic outlook for Bitcoin in the coming weeks.
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ALCHEMY PAY PRICE FORECAST 2023-2032: IS ACH CRYPTO A WORTHY INVESTMENT? Alchemy Pay's Google Pay integration brings increased accessibility to crypto
CONTENT
1. Alchemy Pay Price Predictions 2023-2032 2. ACH's Current Value 3. ACH Price Analysis: Dips Below $0.01700 Amid High Trading Volume 4. Recent News Surrounding Alchemy Pay 5. Alchemy Pay Price Projection 2023-2032 6. Overview of Alchemy Pay's Price 7. A Look at Alchemy Pay 8. Historical Overview of Alchemy Pay's Price 9. A Detailed Look at the Alchemy Pay Network 10. Conclusion
Alchemy Pay Price Predictions 2023-2032
Alchemy Pay Price Prediction 2023 – Potential rise to $0.023 Alchemy Pay Price Prediction 2026 – Potential surge to $0.078 Alchemy Pay Price Prediction 2029 – Potential increase to $0.25 Alchemy Pay Price Prediction 2032 – Potential growth to $0.75
Presently, the ACH price is $0.01625, with a 24-hour trading volume of $12,936,035. ACH has observed a 0.27% decrease within 24 hours. CoinMarketCap ranks it at #199, with a live market cap of $112,427,017. ACH's circulating supply is 6,916,669,634 coins, while the max. supply is 10,000,000,000 coins.
ACH Price Analysis: Dips Below $0.01700 Amid High Trading Volume
The recent ACH price analysis points to a bearish trend. ACH has been trading within the $0.01800 to $0.01400 range over the past week. The ACH/USD pair currently hovers above its 20-day simple moving average (SMA) at $0.01476, which acts as solid support.
On the daily chart, ACH has formed a consolidating pattern, potentially indicating a bearish reversal. The Relative Strength Index (RSI) at 62.58 suggests persisting selling pressure, possibly leading to a downward push towards the next support level at $0.01500.
Moreover, the Moving Average Convergence Divergence (MACD) trades below 0, suggesting a dominant selling pressure in the days ahead. ACH's drop towards the 20 and 50 SMA's signals the market's bearish sentiment.