A recent survey conducted by Paribu, a leading cryptocurrency exchange in Turkey, reveals a significant shift in investment preferences among Turkish investors. Cryptocurrencies have gained significant traction, surpassing traditional investment options like real estate and stocks.

A notable 30% of respondents indicated that they prefer cryptocurrencies as an investment vehicle, surpassing real estate (26%) and stocks (18%).

The survey highlights a significant increase in cryptocurrency awaren

The cryptocurrency industry has once again fallen victim to a significant cyberattack, with M2 Exchange losing over $13.7 million in digital assets. This latest incident highlights the ongoing security challenges facing the industry and raises concerns about the future of mass adoption.

Hackers exploited vulnerabilities in M2 Exchange’s security systems to steal a substantial amount of Bitcoin, Ether, and Solana. The exchange has since taken steps to address the issue and restore affected funds

Cryptocurrency analysts at 10X Research have made a bold prediction: Bitcoin could surge to $100,000 by the end of 2024. This optimistic forecast is based on a combination of technical indicators, market sentiment, and fundamental factors.

The recent price action of Bitcoin has triggered buy signals in 10X Research’s proprietary model, indicating a potential upward trend. Historically, Bitcoin has shown strong performance following similar technical patterns.

Major financial institutions, incl

Bitcoin’s price has recently surged past the $70,000 mark, sparking renewed optimism among investors. Several factors are contributing to this bullish sentiment, including a favorable regulatory environment, increasing institutional adoption, and positive market sentiment.

The derivatives market is signaling potential upside for Bitcoin. Options markets are indicating growing interest in higher price targets, with significant open interest concentrated around the $80,000 strike price. This sugg

Las Vegas, United States, October 29th, 2024, Chainwire

Solana storage scaling solution Xandeum has confirmed details of its forthcoming token launch and storage-enabled liquid staking program. On October 29, 16:00 UTC, the XAND token will officially launch, offering the Xandeum community a way to participate in the network and earn rewards.

The XAND token and LST launch will be accompanied by the first Xandeum airdrop that will see 60M tokens issued to eligible users on October 29. A number o

Solana, the third-largest blockchain by market capitalization, has ignited a debate about its place in the crypto ecosystem. Recent data shows Solana surpassing Ethereum in daily network fee generation, fueling speculation about a potential “Ethereum killer.” However, a closer look reveals a more nuanced picture.

On October 28th, Solana generated over $2.54 million in daily transaction fees, exceeding Ethereum’s $2.07 million. This milestone propelled Solana into the top five fee-generating pro

Bitcoin’s recent surge towards the $70,000 mark has ignited optimism among crypto enthusiasts. However, several factors could influence its trajectory, including global economic conditions, regulatory changes, and on-chain metrics.

While the Federal Reserve’s rate cuts have boosted investor sentiment, global economic uncertainties persist. Traditional assets offer relatively stable returns, and the allure of Bitcoin, despite its potential, may not be enough to sway investors away from more esta

Ripple Labs has filed an appeal against a recent court ruling that found the company liable for selling unregistered securities. The company is specifically challenging the court’s determination that its institutional sales of XRP constituted securities transactions.

Ripple has filed a Form C with the Second Circuit Court of Appeals, seeking a de novo review of the case.

The appeal centers on the court’s application of the Howey Test to Ripple’s institutional sales, arguing that these transact

The cryptocurrency exchange landscape is undergoing a significant shift. While centralized exchanges (CEXs) like Binance and Crypto.com have dominated for years, they are facing increasing competition from smaller rivals and a growing trend towards decentralized exchanges (DEXs).

Binance, the undisputed king of crypto exchanges, has witnessed a 13% year-over-year decline in spot trading volume, dropping from 52.5% in October 2023 to its current 39.5% market share. This decline is mirrored in th

Stripe, a leading payment processing company, has reportedly acquired Bridge, a stablecoin-based payments network, for $1.1 billion. This acquisition marks a significant milestone for both companies and highlights the growing importance of stablecoins in the digital payments landscape.

Stripe has acquired Bridge for $1.1 billion, making it one of the largest acquisitions in the crypto space.

The acquisition aligns with Stripe’s expansion into stablecoin payments and its broader goal of providi

Tether, the world’s largest stablecoin, has surpassed the $120 billion market capitalization mark for the first time. This surge in USDT supply could be a positive indicator for the cryptocurrency market, potentially fueling a Bitcoin rally.

Historically, October has been a bullish month for Bitcoin, with average returns exceeding 21%. The growing supply of USDT, coupled with the positive historical trend, suggests that a Bitcoin rally may be on the horizon.

The movement of USDT from Tether’s

Worldcoin, the decentralized identity project founded by Sam Altman, has launched its new blockchain network, World Chain. This development marks a significant milestone for the project, which aims to revolutionize digital identity and promote crypto adoption.

World Chain will prioritize verified human users who possess a World ID, granting them access to block space and free gas allowances.

The blockchain will feature a roster of top applications and projects, including Optimism, Uniswap, Zer

The United States Department of the Treasury has leveraged artificial intelligence (AI) to recover a significant amount of taxpayer money lost to fraud and improper payments. In the 2024 fiscal year, AI-powered tools helped the Treasury recover nearly $4 billion, a substantial increase from the previous year’s recovery of $652.7 million.

The Treasury’s adoption of AI has proven to be a game-changer in the fight against fraud. By analyzing vast amounts of data and identifying patterns and anomal

Radiant Capital, a cross-chain lending protocol, has fallen victim to a major cyberattack resulting in over $50 million in stolen user funds. This incident highlights the potential weaknesses in multisignature wallets (multisigs), a commonly used security mechanism in the Web3 space.

According to security experts and Radiant Capital itself, attackers exploited vulnerabilities in the protocol’s smart contracts on the Binance Chain (BSC) and Arbitrum blockchain. The exploit leveraged the “transfe

Ethereum, the second-largest cryptocurrency, has experienced a decline in price in recent months, despite a brief surge in October. Several factors are contributing to this underperformance, including reduced on-chain activity, concerns about the impact of Ethereum ETFs, and the increasing competition from layer-2 solutions.

The Ethereum network has seen a decline in on-chain decentralized applications (DApp) volumes, which has raised concerns about the sustainability of its price. While other

Tesla, the electric vehicle giant, has made a series of unexpected Bitcoin transfers, raising questions about its future plans for its cryptocurrency holdings.

Tesla moved nearly all of its Bitcoin holdings, valued at over $765 million, to unknown wallets in a series of 26 transactions on October 15th.

Tesla’s Bitcoin wallet had been inactive since June 2022, prior to these transfers.

Tesla has not provided any official explanation for the transfers, leaving investors and analysts speculating

Metaplanet, a Japanese investment firm, has continued to expand its Bitcoin holdings, making significant purchases throughout October. The firm’s strategy, inspired by MicroStrategy, has yielded substantial returns.

Metaplanet acquired 106.976 Bitcoin on October 15th, bringing its total holdings to 855.5 Bitcoin.

The firm’s Bitcoin investment has appreciated by 5.4%, with a total value of over $56.1 million.

Metaplanet has adopted a diversified investment strategy, including the use of loans

The Central Bank of the United Arab Emirates (CBUAE) has granted in-principle approval to AED Stablecoin, paving the way for its launch as a regulated dirham-pegged stablecoin in the UAE. This significant development addresses concerns about potential restrictions on cryptocurrency payments in the country.

AED Stablecoin has received preliminary approval from the CBUAE under its Payment Token Service Regulation framework.

The CBUAE’s licensing framework requires stablecoin issuers to maintain

BNB, the native token of BNB Chain, has demonstrated remarkable resilience, maintaining its position as the third-largest cryptocurrency despite a recent decline in on-chain activity. While BNB’s price has remained relatively stable, concerns are emerging about the sustainability of its performance.

BNB’s value is partially driven by the benefits offered by the Binance exchange, such as exclusive launchpad access and trading fee discounts. These factors may reduce the reliance on BNB Chain usag

Venture capital firms Gate Ventures and Boon Ventures have joined forces with Movement Labs to launch a $20 million fund dedicated to nurturing Web3 startups built on the Move programming language. This initiative marks a significant step towards fostering a more interconnected blockchain landscape.

The fund’s core focus lies in supporting the development of Move-based protocols. These protocols will primarily target projects bridging the gap between the Move network and Ethereum Virtual Machin