Krypto Tribe

A large amount of Bitcoin is on the move, which was previously linked to the 2016 Bitfinex exchange hack. Recently, the popular Twitter handle Whale Alert reported two such incidents in which Bitcoins worth more than $750 million were transferred to an unknown wallet. According to a recent report, more than 20,000 Bitcoins were moved in two separate transactions of 10,000 BTC each. This is the second time in the last year that hackers have moved funds stolen from the Bitfinex hack in 2016. At the time, 119,756 BTC were stolen from the exchange, causing the market to crash. Last year when Bitcoin was trading at its all-time high in mid-April 2021, the hackers had moved the first batch of Bitcoins worth $750 million. Will This Affect the Price of Bitcoin? It will be interesting to see if this move adds to the volatility of the Bitcoin price. Nearly 20% of the total Bitcoin stolen has been moved by hackers. While most exchanges have made it impossible to cash out stolen exchanges, hackers

Many people are fascinated by the Cryptocurrency craze, while others are baffled by the process of investing. Although it was already well-known in the west, Indians have recently expressed an interest in it. Many people have success stories about how they made a lot of money by investing in blockchain technology. Previously, Amitabh Bachchan invested Rs 1.6 crore and turned it into Rs 112 crore in just one year. It is a decentralised digital currency that may be sent from user to user on the peer-to-peer bitcoin network without the need for middlemen, without the requirement for a central bank or single administrator. According to reports, it was created in 2008 by an unknown person or group of persons who went by the name Satoshi Nakamoto. Amitabh Bachchan Once Turned His Investment Of Rs 1.6 Crore Into 112 Crore By Investing In Cryptocurrency (photo credit- google) According to the Economic Times, Amitabh Bachchan and his actor/son Abhishek Bachchan invested around $250,000 (Rs 1.

The government's stance on cryptocurrencies has shifted over the previous several years, from banning all private cryptocurrencies in 2016 to planning to regulate them as assets. Here's a look at the digital asset's history and where it might be going in the future. In India, cryptocurrency first gained traction in 2013 when a Mumbai eatery declared that it would take it as payment. Unocoin, a cryptocurrency exchange, was created the same year, allowing Indians to buy and trade Bitcoin. In 2013, the price of bitcoin increased from $100 to $1,000. The Reserve Bank of India (RBI) then stepped in and issued an advise against cryptocurrencies, cautioning the general population from using them. "Virtual currencies are not supported by a central bank, and their value is not underpinned by an asset, making them a matter of speculation," according to the RBI. It is worth noting that two PILs were filed in the Supreme Court between October and November of 2017. While one a

In terms of market capitalization, Dogecoin (DOGE) has surpassed Terra (LUNA) to become the tenth largest cryptocurrency. The switch follows the accompanying drama in the Terra ecosystem, which has seen the price of the LUNA tank plummet in recent days. LUNA has dropped 28.16 percent in the previous week and is now trading at more than 50% below its all-time high set in December. The battle for supremacy between DOGE and LUNA continues to heat up. According to CryptoRank, Dogecoin has surpassed Terra (LUNA) in market capitalization once again. DOGE has a market cap of roughly $18.22 billion, while LUNA has a market worth of around $18.20 billion. Market participants, on the other hand, are pointing out that the switch was caused by a panic selloff in the LUNA market, not by a boom in DOGE. In the last seven days, the price of DOGE has increased by 1.04 percent. In the same time period, however, LUNA has dropped 28.16 percent. According to Krypto Tribe tracker Santiment, the depletion h

  According to one analyst, the RSI is on the verge of repeating a trend break that prompted "huge" BTC price swings twice in the last year. Bitcoin (BTC) maintained around $38,000 on Jan. 30 as a "trappy" weekend remained a possibility for a strong weekly close. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC/USD reclaimed the $38,000 mark, according to data from Cointelegraph Markets Pro and TradingView, after hitting local highs of $38,740 on Bitstamp the day before. Despite its excellent "out of hours" performance, few analysts saw BTC as a solid bullish bet in the absence of traditional market guidance. "Still choppy waters for Bitcoin," Cointelegraph contributor Michaël van de Poppe summarized in his latest Twitter update. "Looking at $37K to see whether that sustains. If not -> I'm assuming we'll test lows for daily bullish divergence to create. If we hold, we might see a breaker above $38.5K happening. Week

Once upon a time, the United States and Russia competed to be the first to land a man on the Moon. The two countries appear to be resuming Cold War II: the battle for Bitcoin and crypto mining. The crypto markets are green this morning in anticipation of today's Federal Open Market Committee (FOMC) meeting. While traders speculate on what the meeting could mean for the crypto markets in the short term, the US and Russia appear to be focused on the long game. Valkyrie Bitcoin Mining ETF Valkyrie, a major crypto asset manager, filed an application to list its own Bitcoin Mining exchange-traded fund (ETF) on the Nasdaq this morning. Because the ETF is made up of Bitcoin mining countries scattered across the United States, investing in it is essentially a bet on the US Bitcoin mining industry as a whole. According to a filing with the Securities and Exchange Commission (SEC), Valkyrie intends to invest at least 80% of its net assets in securities of companies that derive 50% or more of

In just two weeks, aggressive selling has reduced the LUNA price by 45 percent. The LUNA/USD chart shows a bearish breakdown from two-month low support at $54, implying that the price will continue to fall. If the sellers keep up their current pace, the coin's price will soon fall by 30% to $36.8.

  American actor, film director, musician, screenwriter and producer Johnny Depp also draws. He is going to sell 11,111 of his own paintings in the form of unique NFT tokens. Among them will be portraits of his friends and people who inspire Depp. 📌 After Johnny Depp disappeared from movie screens, the actor found a way to express himself in a new way. And at the same time to make money, because movie companies are in no hurry to sign new contracts with him. 📌 Anyone can buy digital copies of portraits of Heath Ledger, Tim Burton, Elizabeth Taylor, Marlon Brando and Hunter Thompson, Depp himself as well as his daughter Lily-Rose Depp, the dog Moo and the character Banniman invented by the actor's son. Each lot is a finished portrait created from Depp's original artwork and then embellished and further animated. 📌 Depp has been painting for a long time, but was shy about showing the work to the public.

  Many people choose to invest in cryptocurrency in order to achieve financial independence. Taking on the risk of homeownership has some parallels in that regard. What distinguishes die-hard crypto investors is that many see it as an escape from a system that is heavily stacked against them. As a result, they are willing to take part in the crypto experiment. Sure, prices can go down as well as up in dollar terms at any given time. And it's possible that some hit-and-run investors aren't "in it for tech" and haven't done their homework. However, rather than assuming that the majority are inexperienced investors in need of government protection, Krugman should consider the factors driving people's desire to flee. If he did, he would realise that crypto provides hope, which is all that is required to take a risk on.

  Crypto investors, like subprime borrowers in 2008, need to be protected from themselves, according to Paul Krugman. In an article for the New York Times, economist Paul Krugman found comparisons between cryptocurrency and the 2008 subprime mortgage crisis. Krugman mentioned the roughly 50% drop in overall market cap since November 2021 highs in his scathing opinion post, adding that it's the ignorant investors who are suffering the most. “But there’s growing evidence that the risks of crypto are falling disproportionately on people who don’t know what they are getting into and are poorly positioned to handle the downside.” As a result, he compares the subprime mortgage crisis to digital currencies, seizing the opportunity to rehash contentious issues such as crypto's role in money laundering and tax evasion. Krugman's main point is that "excluded groups" are getting themselves into risky financial situations for which they are not prepared or have the financial

  Brief overview Scalability is a significant issue for Ethereum. As the demand for ecosystem usage increased, the inherent Proof-of-Work mechanism became inefficient, and it can now only handle 13 transactions per second. A few cryptocurrencies are already following Ethereum in terms of scalability, transaction fees, and other pertinent variables, in the hopes of catching up to this second-largest participant. Is it, however, feasible to kill or outrun something as huge as Ethreum? We'll go over four of the most well-known ETH killers, as well as why they're known as that. Some of the most well-known ETH killers are Cardano, Solana, EOS, and Polkadot. So let's examine these Ethereum challengers one-on-one but before that let's get the basics out of the way.   What exactly are Ethereum rebels? The concept of 'Ethereum Killer' for a crypto player is about evolving as a blockchain that can overcome the weaknesses of the first mover. In other words

  Points The protocol, which is based on BSC, has lost approximately $80 million. The value of QBT tokens has crashed by 30% to an all-time low. The hacker took advantage of a vulnerability in the protocol's Ethereum bridge. In exchange for the stolen funds, the Qubit team has offered the hacker a $250,000 bounty. It is the seventh-largest cryptocurrency hack in terms of total losses. How Dit It Happened A loophole in Qubit's Ethereum bridge enabled a hacker to steal 206,809 BNB from the company's lending pools. A hacker exploited a vulnerability on the Qubit Bridge, a cross-chain bridge connected to Ethereum, on January 27 at around 21:36 UTC. Users can use this bridge to deposit WETH from the Ethereum mainnet into Qubit's Binance Smart Chain-based smart contract to generate xETH, which can be used as lending collateral on the protocol. The hacker was able to mint xETH without depositing any WETH due to a critical vulnerability in the bridge's smart contracts, givi

  Google has hired a former PayPal executive to help strengthen Google Pay, and the company has plans to expand into the cryptocurrency space. Arnold Goldberg has been appointed to lead Google's payments division as part of the company's overall push into financial services, including cryptocurrency. Google’s President of Commerce Bill Ready told Bloomberg that: “Crypto is something we pay a lot of attention to , As user demand and merchant demand evolves, we’ll evolve with it.” It will hire people with blockchain experience, according to Richard Widmann, head of strategy for digital assets at Google's cloud unit, in an article published by CNBC. These employees will be part of the company's decentralisation strategy. Companies working in blockchain and distributed-ledger technologies, such as Dapper Labs, Hedera, and Theta Labs, are already using Google Cloud for scalability and security, according to a blog post by the company. Other businesses will be able to use blo

  According to this source, the public security memorandum, which is awaited to be released in the coming few weeks, would assign portions of the government the task of assaying digital means and putting together a governmental frame that would cover cryptocurrencies, stablecoins, andnon-fungible tokens (NFTs).  “This is designed to look holistically at digital assets and develop a set of policies that give coherency to what the government is trying to do in this space,” said the source. In particular, those involved in the action would be, the State Department, Treasury Department, National Economic Council, and Council of Economic Counsels.    Economic counteraccusations for public security    Specially, since cryptocurrency has counteraccusations for public security the person involved also indicated that The White House Security Council would be involved in the executive action.   Following this manner, the administration would direct agencies to concentrate on aligning legislation

Despite the short-term market uncertainty, cryptocurrency exchange Coinbase believes that the digital currency sector has a bright future. Coinbase reiterated in a blog post published on January 28th that the current market correction is not near the levels of 2018's crypto winter, claiming that significant fundamentals will continue to drive growth in the sector. The current fundamentals, according to the trading platform, replicate the 2017 market rally that laid the groundwork for the recent growth. Coinbase highlighted aspects such as the company's continued focus on Web3, as well as growing use cases in DeFi, NFTs, DAOs, gaming, and the metaverse. “Just as the boom of 2017 fueled investments that laid the groundwork for the applications that are thriving today. The market appears uncertain in the near term, but the future appears brighter than it’s ever been,” the exchange said.

Coinbase Ventures, the exchange's investment wing, has diversified its inroads into various crypto products, covering over 250 companies, in line with the projected growth. The undertaking is extra centred in centralized finance with a share of 23%, comparable to decentralized finance. Protocols and Web3 have a share of 20%. Interestingly, the trade is increasingly more worried in the metaverse, allocating 17% of its assignment portfolio to the new concept. The share is comparable to non-fungible tokens (NFTs) Coinbase initiatives that metaverse purposes will probable shift from decentralized initiatives to typical organizations like Microsoft and Meta. Furthermore, the change highlighted that the cryptocurrency sector’s boom is attributed to capital influx into the house in most cases pushed through institutions. Across 2021, the cryptocurrency zone attracted $30 billion from undertaking funding, greater than all preceding years. On the flipside, the crypto broking mentioned that

  Russia’s government and central bank (the Bank of Russia) advocate for two opposite approaches to regulating cryptocurrencies in general and Bitcoin mining in particular. The Bank of Russia has issued a proposal to prohibit mining in the territory of the Russian Federation, while Russia’s government offers a more moderate strategy regarding taxing and regulating this market. The first major reason for Putin’s adoption of a more moderate view is the desire to rationally utilize the existing surplus of electricity that currently exists in northern regions of the country.Thus, Bitcoin mining is probably being restricted to several northern areas The second reason is Russia’s government’s promotion of innovations and technologies that are consistent with its national interests.President Putin and Russia’s officials implore the country’s competitive advantage in the sphere of Bitcoin mining that may be preserved for the following years The third reason is the potential growth of governmen

  Important Factors & Impact The decline we've witnessed in recent weeks is mostly due to factors other than Russia-Ukraine tensions. European markets have fallen to their lowest levels since October, while New York has experienced a wild trading session. In any case, whereas possibly significant, most impacts can be generally short-term in their scope.   We are in the midst of a crisis. While we type these words, Russian troops are training along Ukraine's border, while the United States has put 8,500 troops on alert, just in case an eastern European war breaks out. As tension has increased between Russia and Ukraine over the latter's possible NATO membership, talks are being held between representatives of both nations, however the situation is still unclear However uncertain the world has become in recent decades, it remains uncertain for financial markets, including crypto. According to a variety of analysts who spoke with Cryptonews.com, the impact of

A Massive Sell-off has taken place in Crypto Market Altcoins are down big today with some trading more than 30% lower, but the drops in giants like Bitcoin and Etherium are staggering. There are a couple of things to look at in short-term trading. One is that liquidations are accelerating as investors with leveraged bets that crypto prices would rise are liquidated from those positions. According to coinglass.com, $1.14 billion in crypto positions have been liquidated in the last 24 hours and $416 million of that batch came in just the last four hours. 3 MONTHS AGO (OCT. 11) - $4,868 ONE WEEK AGO (JAN. 13) - $3,410 TOMMORROW (JAN. 22) - $2,300 This is happening across the industry, but Ethereum is being hit hardest with $113 million in liquidations in the last four hours. Being the second day of the market failure, Ethereum (ETH) steps down sinking deeper and deeper, Upon the first market crash of the year 2022, around January 1st week, ETH dropped down below the much expected stable s

Dogecoin co-founder Billy Markus welcomed Bukele to the “McDonald's club.” This comes after a Twitter interaction between Markus and the fast-food behemoth prompted a flurry of requests to add DOGE as a payment option at McDonald’s.   Where El Salvador President Nayib Bukele has posted a photoshopped image of himself wearing a McDonald's uniform. There has been long running jokes about getting jobs in Fast-Food Chain during the crash of market.. His self-deprecating tweet went viral, collecting over 88,700 likes and plenty of reactions from prominent names. El Salvador has now lost an estimated $20 million by investing in Bitcoin, with all of Bukele’s purchases being in deep red. Some started joking that the impoverished nation would soon become the first “fourth-world” country because of the president’s poorly timed buys. The world’s “coolest dictator” is not giving up on Bitcoin. On Jan. 22, he announced another purchase, snapping up 400 BTC for 15$ million. El Salvador adopt