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"As a major correction sent ETH falling from $3,200 to $2,500 in the past week, on-chain liquidations surged as positions started to hit their liquidation point," analysts at Delphi Digital said in Monday's newsletter, adding that MakerDAO has profited from the liquidation event. Original Source
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The leader in news and information on cryptocurrency, digital assets and the future of money, CryptoX is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CryptoX is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies
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Good morning. Here’s what’s happening:Market moves: Bitcoin was trading at over $36,000 on Sunday after continuing its recent decline earlier in the weekend.Technician's take: BTC is stabilizing on intraday charts, although $30,000 is a more significant level to watch given the decline in long-term momentum.Catch the latest episodes of CryptoX
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The mayor of New York City, Eric Adams, has received his first paycheck in bitcoin and ether via Coinbase. “Promise made, promise kept,” the mayor said, referring to his promise to take his first three paychecks in cryptocurrency. Mayor of New York City Takes Paycheck in Cryptocurrency With the Help of
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The developing narrative of ether and alternative cryptocurrencies, or altcoins, decoupling from bitcoin in an adverse macro environment went up in smoke on Friday as a sell-off in stocks and the largest cryptocurrency caused extensive damage to the broader crypto market.Bitcoin fell to a five-month low of $38,300 during the
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Crypto.com has revealed that 483 user accounts were compromised in the recent hack that resulted in unauthorized withdrawals of about $34 million in cryptocurrencies, including bitcoin and ether. Nonetheless, the company stressed that customer funds were never at risk. Crypto.com’s Hack Postmortem and CEO’s Comments Crypto.com revealed Thursday the number of users
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Say a trader purchases $1,000 worth of the Squeeth tokens. If the price of ether triples from $3,000 to $9,000, the Squeeth would go up triple-squared, or 9-fold – to $9,000 in this example. On the contrary, if ether halves to $1,500, Squeeth will see a less-than-linear decline, as represented
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Multichain users who did not update their approvals as instructed yesterday have been exploited and have lost 445 wrapped ether ($1.4 million), the project tweeted on Tuesday.On Monday, Multichain instructed its users to remove approvals for six tokens otherwise their assets would be exposed to a security vulnerability. The tokens
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The $15 million in ether (4,600 ETH) stolen from Singapore-based Crypto.com is currently being laundered via Tornado Cash, an Ethereum Mixer, according to on-chain data.Tornado Cash is a ETH mixer protocol that promises to improve transaction privacy by obscuring the on-chain link between the source and recipient of ether.The protocol
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With two more weeks left in January, nonfungible token (NFT) marketplace OpenSea has seen its monthly trade volume in Ether (ETH) exceed $3.5 billion for the first time ever.According to data from Dune Analytics, OpenSea has now surpassed the all-time high of $3.42 billion set in August 2021 to establish
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