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2024-05-02

Popular crypto exchanges(2023 Update) 2024-05-02
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The price of Ethereum’s native token, Ether (ETH), has gained around 35% in 2023 so far. But its attempts to break above $2,000, a psychological resistance level, have witnessed strong bearish rejections multiple times.ETH/USD daily price chart. Source: TradingViewCointelegraph takes a closer look at the three likely reasons why Ethereum price has failed to decisively retake $2,000 since May 2022.Ethereum price paints bear cycle fractalEthereum’s inability to cross above $2,000 in 2023 resembles the bearish rejection near $425 from 2018 to 2019.ETH/USD weekly price chart. Source: TradingViewIn both cases, Ether appears to be in a recovery phase while eying close above its 0.236 Fib line of the Fibonacci retracement graph.From 2018 to 2019, the 0.236 Fib line was near $425 and was instrumental in limiting Ether’s recovery attempts. In 2023, the same line is near $2,000, enforcing itself again as a selling area and, thus, pressuring ETH’s price lower.Stronger U.S. dollar, BitcoinA strengthening United States dollar has dampened demand for Ethereum in recent months, thus reducing its ability to close decisively above $2,000.The prevailing negative correlation between top cryptocurrencies and the dollar has been the main culprit. In 2023, in particular, the weekly correlation coefficient between Ether and the U.S. Dollar Index (DXY) has been consistently negative, as shown below.ETH/USD and DXY weekly correlation coefficient chart. Source: TradingViewMeanwhile, Ethereum has largely underperformed Bitcoin in 2023 due to the ongoing spot Bitcoin ETF hype. For instance, the widely-tracked ETH/BTC pair is down 20% year-to-date. ETH/BTC daily price chart. Source: TradingViewAdditionally, the net capital held by Ethereum-tied investment funds has dropped by $114 million so far in 2023, according to CoinShares’ weekly report. In comparison, Bitcoin-based funds have attracted $168 million in the same period.Related: Time to ‘pull the brakes’ on Ethereum and rotate back to Bitcoin: K33 reportEthereum network activity dipsThe total value locked (TVL) across the Ethereum ecosystem has dropped from 18.41 million ETH to 12.79 million ETH so far in 2023. That underscores a reduced availability of funds, resulting in lower yields for investors, as JP Morgan analysts also warned recently.Ethereum TVL since 2019. Source: Defi LlamaThe declining TVL has accompanied a drop in the Ethereum network’s gas fees, which reached a yearly low on Oct. 5. #Ethereum's network has been particularly cheap to use, and this week's average fee level of $1.13 is the lowest since November, 2022. Though not a perfect signal by any means, lower $ETH costs generally lead to a rise in utility and price rebound. https://t.co/ymXFwGJh49 pic.twitter.com/PEGpXMmZ3q— Santiment (@santimentfeed) October 4, 2023 U.S. Attorney for the Southern District of New York Damian Williams announced on Dec. 21 that charges were filed against Wang and Ellison “in connection with their roles in the fraud that contributed to FTX’s collapse.” The two had pleaded guilty to the charges and were cooperating with the government’s investigation. Exclusive: India may restrict imports of palm oil, other goods from Malaysia-sources“The Game That Shares its Profits with Players works. And it works well. All of the time, money, and energy that we put into this game together will not be forsaken by a few dinosaurs at some conglomerate.” Among the excluded are the Palestinians, a restriction that has recently come under scrutiny. Indeed, the refusal of PayPal to service Palestinians while providing for Israeli settlements has spurred discussions on financial discrimination.

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Blocknative’s restructuring comes just a couple weeks after the company announced it would exit services related to its MEV-Boost Relay, a type of software used by Ethereum network validators, after the effort failed to ‘materialize’ economically. After opening statements, two people, a former FTX customer and a close friend of Bankman-Fried’s since college, testified in court today.https://t.co/5u3D9OJu9g Tether Hedge Fund Shorts Rise as FTX Reveals Crypto ...4. Proof of Capacity AI tools can, for a few dollars per month, create fake videos of bombings and cause the public to become wary of factual information. Researchers at the Northwestern University have developed TREAD, short for Terrorism Reduction with Artificial Intelligence Deepfakes, to better understand the role deepfakes can play in conflict.

Smart contracts, a transaction protocol in a blockchain that automatically executes relevant events according to the terms of an agreement, create crypto tokens through their respective blockchain. Depending on their developers, some tokens exist on more than one blockchain. One of the most popular blockchains for creating crypto tokens is Ethereum. Manifold Finance says that the transition to this new auction system will lay the foundation necessary to support advanced applications related to priority-sensitive transactions and multi-slot bidding for block builders. Coinbase giving away $1.2M in dogecoin to promote new crypto offeringOn an X (formerly Twitter) post, Hoskinson replied to a user by the name of Swan.ada, who shared negative opinions about Cardano and Hoskinson in particular. The user said that Hoskinson is seen as a liability to Cardano, and if he “keeps on driving the ecosystem discourse and perception, we are screwed and we will remain this troubled billionaire’s toy.” Overall, the SHIB team seems to be working on something big as recently Shytoshi stated in the Telegram group that “something’s brewing”. Besides, prior to that he mentioned a recent meeting with some members of the Shibarium partner Bad Idea AI. He said that in the course of the meeting they discussed “secret and not so secret” AI initiatives for Shiba Inu.

A concerning paper trail indicates that Axos Bank has maintained customer relationships with questionable business operators, including Alex Jones, Prime Trust’s Scott Purcell, Binance’s CZ, and others. Worse, the bank’s CEO has been selling shares in the company.Crypto investment products see largest inflows since July: CoinShares Disclaimer: The following article is part of Cryptonews Deals Series and was written as a promotional article in collaboration with the sponsor of this offer. If your company has an exclusive promotion that you would like to share with our readers, we invite you to reach out to us. Let’s build together.“Crypto” comes from the word “cryptography,” and anything touched by encryption must be safe by default. Right?Wrong. Cryptocurrency may be unbreakable, but crypto wallets don’t enjoy the same luxury. Whether you keep your coins on an exchange or in a non-custodial wallet, you’re relying on mundane security measures to keep your assets safe. If they’re not up to snuff, your journey to the moon only has one end — not your keys, not your coins.Your crypto wallet’s security starts with a strong password. In this article, we’ll teach you how to create a strong password for your coins by following six simple rules.1. Never reuse passwordsEvery website wants you to make an account, and every account needs a password. Pretty soon, the amount of credentials becomes overwhelming, and you might be tempted to downsize a bit. Why not simply create a single super strong password for all your accounts? Resist the temptation. If you reuse passwords, you’re putting all your eggs in one basket. A single data leak from a vulnerable website can put your entire digital kingdom in jeopardy. Once hackers have their hands on a set of credentials, they’ll run the username/password combo through email services, social media, and — you guessed it — crypto wallets.And do you really want to risk thousands of dollars in crypto for easier access to Facebook?2. Simple is bad So if every account must have a unique password, why not keep things simple? It’s much easier to remember multiple passwords if they’re composed of common words, use popular phrases, or reference anything personal.Trouble is, if your password is easy to remember, there’s a good chance it’s also easy to guess. The first thing hackers will try on your crypto wallet is a dictionary attack — they’ll get a supercomputer to throw popular names, words, and phrases at the account by the thousand to see if anything sticks. Faced with this onslaught, a simple password will fold in milliseconds.The same goes for personal information. Don’t make passwords out of pet names, important dates, or in-jokes — this information is not as private as you think. To crack open your crypto wallet, hackers will thoroughly investigate your social media profiles, forum posts, and even government registries for hints. To protect your crypto assets, take a page from cryptography. Just like encrypted data, the best passwords look like complete gibberish created by rolling your face on the keyboard. Create your password out of random characters for the best results.3. Special is goodAlright, so it has to be unique and random. But can we at least keep to the bottom half of the keyboard? Surely that’s enough randomness to foil any hacking attempt. Oh, sweet summer child. Your crypto is a juicy prize, so if the dictionary attack fails, hackers will move on to the next phase — simple, raw brute force. They will pry your crypto wallet open one symbol at a time. Let’s put things into perspective. An eight character password only composed of lowercase letters has almost 209 billion combinations. That’s more possible passwords than a human being would be able to guess in a lifetime — but a computer running optimized brute force algorithms would be able to crack it in less than a second.By adding more character possibilities to the mix, you increase the time it takes to brute force your crypto wallet exponentially. With uppercase letters, numbers, and special symbols, the same eight character password goes from folding in milliseconds to holding out for hours against sustained assault.4. The more, the merrierJust like the average Reddit post, your password is now full of random capitalization, misplaced symbols, and unsubstantiated numbers. But unless you want the difference between “funds are SAFU” and “SFYL” to be one all-nighter, you need to think bigger.Specifically, you need a bigger password. It all comes down to the number of possible combinations. In our previous example, the eight character password with lowercase and uppercase letters, numbers, and special symbols would last about eight hours against a high-power offline cracking computer. But add just one more character, and the time until your crypto wallet is compromised jumps to three weeks.Really strong passwords consist of at least twelve characters — with this many possible combinations, even supercomputers would need an average of 34,000 years to penetrate your account. And by that time, your coins will have safely shot to the moon.5. Just use a password manager At this point, you might be wondering how to keep this random mishmash in your head, much less use daily to check on your funds. That’s the best part — you don’t need to.There’s a much easier way to get strong passwords for any account, including your crypto wallet.NordPass is a free password manager from Nord Security, the creators of NordVPN. The free app lets you generate, save, and automatically fill in strong passwords on the fly, keep sensitive notes, and store credit card details. All your credentials will be safely stored in your private NordPass vault, protected by unbreakable xChaCha20 encryption.And best of all? As a crypto enthusiast, you’ll love the fact that NordPass runs on zero-knowledge architecture — in other words, not even NordPass technicians know what you keep in your vault. No peeking! Special Deal: NordVPN's 2-year and 1-year Standard, Plus, and Complete plans come with 3 months free!Threat Protection: a lightweight antivirus solution and ad blocker from NordVPN How to Buy Dogecoin on eToro-Beginners GuideThe bond market has witnessed a historic rout, described by Bank of America Global Research as the “greatest bond bear market of all time.” But the analysis isn’t all doom and gloom — there are hints that the relentless sell off in U.S. Treasuries could come to an end. And if we do indeed see a recovery, it could signal the start of a new bull market for risk assets. Read more: Crypto funding: Startups raise $115M across gaming, custody, and institutional services

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