The leading cryptocurrency Bitcoin (BTC) has dumped 7.5% in the past 12 hours, plunging to 6-month lows from $43,328 yesterday to $38,258 by 4 am UTC today. Today’s price crash has so far wiped about $50 billion from the overall crypto market. The total crypto market cap has been on a slow decline since early […]

Our writer Nat lists the donations received by YGG that it is now using to help victims of Typhoon Odette.

The post How YGG’s Crypto Donation Drive Made Impact to Odette Victims appeared first on BitPinas.

It is crypto mayhem as markets dump $230 Billion in Massive Red Friday Selloff. The crypto markets saw a massive 11% chiseling off of its values in the past 12 hours. The Bloomberg crypto suggests that BITCOIN(BTC) could be reaching its bottom, but angry responders have come down heavily on Bloomberg and accused them of

The post Crypto Mayhem Grips Markets, $230 Billion Decimated In Massive Red Friday Selloff appeared first on CoinGape.

The post Bitcoin Plummeted By 11.5% In 12 Hours! Here’s How To Profit in Bear Market appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

The crypto market is once again painted in red. Over the past 12 hours, the crypto market cap has fallen from around $2.15 trillion to a four-month low of $1.92 trillion according to CoinGecko. And Bitcoin (BTC)’s price is no less than a suspense thriller movie these days. On Jan. 20, it plunged from …

The post Bitcoin Crash To Get Severe, BTC Price Going To Correct Below $35k? appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

The broader crypto market cap takes a turn for the worse with its improbable volatility. An abrupt crypto crash on Thursday has resulted in negative gains of over 7.37% round the clock. Thereby, plummeting the global market cap to a 5-month low of $1.726 trillion. The market representatives Bitcoin and Ethereum are down by 7.29% …

The post Investors Incur Huge Loss Amid the ‘Bitcoin Crash’, Yet There May Be Still A Chance of Recovery! appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

The Asian-trading day began with the huge crypto crash fueled by a major drop in Bitcoin prices. The dominant crypto had played multiple times along the $41K price zone and constantly flipped each time. And hence it was believed that the BTC price may recover soon, however, the on-chain metrics and the technicals always pointed …

Bitcoin cash price started a fresh decline from the $400 resistance against the US Dollar. The price is now trading below the $380 zone and the 55 simple moving average (4-hours). There was a break below a key bullish trend line with support near $365 on the 4-hours chart of the BCH/USD pair (data feed...

The post Bitcoin Cash Analysis: Risk of Drop To $300 appeared first on Live Bitcoin News.

Crypto markets continue their bloodbath this week, with Bitcoin and Ethereum dropping over 8% in the past 24 hours. While the market seems grim, some Metaverse crypto coins continue to show bullish momentum. This article looks at the top 3 Metaverse crypto coins gaining the most price this week, ordered by 7-day price gain, lowest […]

The post Top 3 Metaverse Crypto Coins Gaining The Most Price This Week (AVXT, DEP, ETNA) appeared first on NullTX.

Shiba Inu developers are in the process of developing new methods to burn SHIB. According to Steven Cooper, these mechanisms will be introduced to the ecosystem later. Over the past weekend, more than 110 million SHIB tokens have been burned. Burning tokens are a common ploy applied if there is an excess of tokens in

The post Shiba Inu (SHIB) Sagging Values To Get A Boost With New Token Burn Mechanism? appeared first on CoinGape.

In a statement on its website today, Crypto.com revealed fresh details concerning a recent hack on its platform, stating that 483 of its customers were affected and that unauthorized withdrawals of over $15 million in ETH, $19 million in BTC, and $66,200 in ‘other currencies’ occurred. The total losses, which amount to more than $34 million at today’s cryptocurrency prices, are more than analysts had projected before Crypto.com’s announcement. The company’s post-mortem came just one day after CEO Kris Marszalek admitted the breach in a Bloomberg TV interview. After many Crypto.com users claimed their funds had been stolen, he confirmed the breach, which had previously been received with cryptic responses from the corporation, referring only to an ‘event.’ During the interview, Marszalek did not reveal how the hack occurred, but he did disclose that Crypto.com has refunded all affected accounts. According to today’s announcement, Crypto.com discovered the suspicious activity on Monday, when ‘transactions were being approved without the user entering the 2FA authentication control.’ To investigate the problem, the site temporarily halted all withdrawals for 14 hours. The attacker was able to approve transactions without triggering 2FA, which is required for all users, according to Crypto.com. Customers were asked to enter into the platform and set up their 2FA tokens again after the company ‘revoked all client 2FA tokens and added additional security hardening measures,’ according to the company. Users will be warned and have ‘enough time to react and respond’ by contacting the Crypto.com staff if the withdrawal appears to be unlawful. The extra precautions include a mandatory 24-hour delay between the registration of a new withdrawal address and the first withdrawal. Following the incident, the company undertook an internal investigation and hired third-party security experts to examine its platform, according to the company. To improve security, it announced plans to move away from two-factor authentication and toward ‘real multi-factor authentication,’ though it did not provide a date. In a statement today, Crypto.com also stated that ‘beginning February 1st, the Worldwide Account Protection Scheme (WAPP) will be introduced in select regions,’ a programme that will recover cash up to $250,000 for “eligible consumers” in the event of an unauthorized withdrawal. Users must enable multi-factor authentication on all transaction types where it is available, set up an anti-phishing code at least 21 days prior to the reported unauthorized transaction, file a police report and provide it to Crypto.com, complete a forensic investigation questionnaire, and not be using a jailbroken device to qualify for the programme, according to the company. While Crypto.com is the world’s fourth-largest cryptocurrency exchange, it has been aggressively expanding its presence in the United States in recent months, with stunts such as viral advertisements starring actor Matt Damon and a $700 million purchase of the naming rights to the Los Angeles Lakers and Clippers Arena. It bills itself as the ‘fastest-growing’ cryptocurrency exchange, and earlier this week announced a $500 million expansion of its venture capital arm to support early-stage crypto businesses. The consequences from this week’s hack, as well as the company’s tardy response, may threaten to halt some of the company’s expansion in the United States.

The post 2FA Compromise Led to $34M Crypto.com Hack appeared first on Cryptoknowmics-Crypto News and Media Platform.