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🪙 Crypto and Blockchain News (January 29, 2024): 1️⃣ Lookonchain: Seizing the heightened buzz around the #WEN meme coin, a trader earned approximately $1.6 million in just 14 hours. Analysts at LookOnChain revealed that the trader purchased 20 billion WEN for $125,500. Subsequently, he sold 12.5 billion tokens for $807,000, securing an impressive profit of $682,000. 🚀 2️⃣ Flipside: In 2023, the #Polygon project recorded 15.24 million new user accounts, slightly surpassing Ethereum's 15.4 million. The definition of new users includes wallets that conducted at least two transactions on a specific blockchain. 📈 3️⃣ OKX: Starting January 26, the cryptocurrency exchange #OKX will cease new user registrations in its mining pool. Simultaneously, the trading platform will close all affiliated services. Existing pool participants can utilize it until February 25. 🛑 4️⃣ Deadline: #Amazon MGM Studios has initiated the production of the artistic film "Razzlekhan," narrating the story of the 2016 hack of the Bitfinex cryptocurrency exchange, involving 120,000 BTC. 🎥 5️⃣ Swan Media: Swan Bitcoin, a company focused on Bitcoin-related financial services, announced that its stealth-launched mining venture in the summer of 2023 has successfully mined 750 BTC. The firm declared the public debut of its new business and its reorganization into the Swan Institutional structure. ⛏️ 👉 If you find our channel valuable, please hit the like button!

🪙 Crypto and Blockchain News (January 29, 2024):

1️⃣ Lookonchain: Seizing the heightened buzz around the #WEN meme coin, a trader earned approximately $1.6 million in just 14 hours. Analysts at LookOnChain revealed that the trader purchased 20 billion WEN for $125,500. Subsequently, he sold 12.5 billion tokens for $807,000, securing an impressive profit of $682,000. 🚀

2️⃣ Flipside: In 2023, the #Polygon project recorded 15.24 million new user accounts, slightly surpassing Ethereum's 15.4 million. The definition of new users includes wallets that conducted at least two transactions on a specific blockchain. 📈

3️⃣ OKX: Starting January 26, the cryptocurrency exchange #OKX will cease new user registrations in its mining pool. Simultaneously, the trading platform will close all affiliated services. Existing pool participants can utilize it until February 25. 🛑

4️⃣ Deadline: #Amazon MGM Studios has initiated the production of the artistic film "Razzlekhan," narrating the story of the 2016 hack of the Bitfinex cryptocurrency exchange, involving 120,000 BTC. 🎥

5️⃣ Swan Media: Swan Bitcoin, a company focused on Bitcoin-related financial services, announced that its stealth-launched mining venture in the summer of 2023 has successfully mined 750 BTC. The firm declared the public debut of its new business and its reorganization into the Swan Institutional structure. ⛏️

👉 If you find our channel valuable, please hit the like button!

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📈 Prediction (BTC and SOL): 💪 BTC/USDT - Although the past week hasn't been the most successful for Bitcoin, various metrics still point towards a long-term bullish forecast for the leading cryptocurrency. Currently, the Reserve Risk indicator is in the green zone and attempting to break out of it, indicating that long-term holders will be accumulating BTC, signaling an impending recovery. Forecast: In the coming days, the price of Bitcoin is likely to demonstrate growth to $70,000 and beyond. The nearest significant resistance lies at $71,370. The asset has repeatedly attempted to break through this barrier since mid-March, but this time, the surge in bullish sentiment will help it develop sufficient strength. However, #BTC will first need to deal with the less significant resistance at $68,250. If the breakout attempt fails, the price of the primary cryptocurrency will fall again to $65,300. Losing this level will invalidate the bullish thesis and lead to a test of the $61,730 level. 😁 SOL/USDT - The growing interest in #Solana as the preferred blockchain for launching new meme coins and trading them has a dual effect. A notable increase in network activity has led to a surge in unsuccessful transactions, worrying both users and developers. After peaking at 8.5 million transactions on DEX on March 30, the figure dropped to 5.6 million, indicating possible technical difficulties and growing trader disillusionment. Forecast: Recent technical models, including the death cross, combined with the declining number of transactions and a strong ADX indicator, paint a bearish picture for Solana. If the trend persists, the price of #SOL may test the support level at $167 and drop to $137. However, if developers can effectively address technical issues, the scenario may change for the better. In that case, the asset potentially will test the next resistance at $205 or even $210. 👍Please share this review with others.
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🔐 Cyber News (Apr 8, 2024): 1️⃣ TRM Labs: In 2023, almost half of all illicit cryptocurrency transactions were associated with the #Tron network. Meanwhile, the USDT stablecoin by Tether led in terms of the volume of criminal activity. 🚫 2️⃣ Bangkok Post: Thai police arrested a 36-year-old Russian citizen, Ibrahim Gaytukiev, for illegally providing cryptocurrency exchange services. According to reports, he was tracked down through online advertisements. The phone numbers mentioned in the ads, linked to WA accounts, were found to be associated with Gaytukiev's and his partner Maxim Variukhin's bank accounts. Law enforcement determined that the Russian citizens were operating the OM 118 Co company on Pangang Island. They used a beach house as their office, which also housed the Plantasia Cannabis Collective shop. 🕵️‍♂️ 3️⃣ KrebsonSecurity: Operators of phishing websites mimicking the self-destructing message service privnote(.)com inadvertently revealed the scale of their cybercriminal activity involving cryptocurrency wallet substitution. 🎣 4️⃣ Snapcraft: Snap Store, an application store for the #Ubuntu operating system, has been suffering from hackers uploading fake cryptocurrency wallets onto its platform for several months. One user who downloaded a counterfeit Exodus Wallet lost 9 BTC in February. Following a series of complaints, the Snap Store owner, Canonical, announced intentions to manually review uploaded applications and create a separate policy for publishing crypto wallets on the platform. 💼 5️⃣ SEC: On April 5, 2024, a New York court found Terraform Labs and its co-founder, Do Kwon, guilty of fraud and the collapse of the #Terra ecosystem amounting to $40 billion. ⚖️ 📈✨ If you enjoyed this post, don't forget to subscribe to our channel for more interesting news from the world of cryptocurrency!
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