The first potential scenario discussed by van de Poppe seems to have played out over the past day, as BTC’s price established its 24-hour low at $25,890.59.
Since then, however, BTC recovered to trade at its press time level. This also enabled it to strengthen against its biggest competitor, Ethereum (ETH), during this time – outperforming the leading altcoin by 0.15%.
At press time, BTC’s price remained below the key $27K mark according to CoinMarketCap, and traded at $26,252.95 after printing a 1.85% loss in the previous 24 hours.
According to Jump Crypto’s postmortem report, validators were allowed to vote more than once on the same update due to a bug in the SGN EndBlocker code. By allowing validators to vote multiple times, malicious actors could multiply their voting power to approve harmful updates.
Web3 investor and developer Jump Crypto has identified a vulnerability in Celer’s State Guardian Network (SGN) that would allow malicious validators to compromise the network and applications dependent on it, including Celer’s cBridge.
Binance, one of the leading cryptocurrency exchanges, has confirmed its support for the upcoming network upgrades of Fetch.ai (FET) and Terra Classic (LUNC). The upgrades are set to enhance the functionality and performance of these blockchain networks, providing users with improved features and stability
ADA’s price had lost the support of the $0.3613 level over the weekend, and had almost lost the support of the next key price point at $0.3562 as well. Bulls entered ADA’s charts just in time, however, to defend the level over the past 24 hours.
The recent drop in ADA’s price pushed its weekly performance further into the red. As a result, ADA’s weekly performance stood at -2.85% at press time.
The user’s private keys are generated and stored within the device and are supposed to never leave it. This “cold storage” provides an unrivaled level of security compared with “hot wallets” or online wallets. The problem is that lots of people lose their keys.
Self-custody is important in crypto, and security is essential to self-custody. Ledger, a notable hardware wallet manufacturer, has built its reputation on the secure storage of users’ private keys. Hardware wallets create a secure offline environment for storing keys and using keys to execute transactions.
The MACD blue line has fallen below its simple moving average (SMA), supporting the idea that a correction is imminent. Since the histogram has moved into the negative sector, the bullish momentum has slowed, and the bears may be taking charge.
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