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Largest Bitcoin outflow since 2022 sparks renewed optimism for October rally
Bitcoin has recorded the largest outflow from exchanges in more than 23 months, according to on-chain data from Cryptoquant. The data shows this is the largest outflow of Bitcoin from exchanges since November 2022, with all moving averages indicating withdrawals. The outflows explain the recent decrease in Bitcoin exchange reserves, which had fallen 2.57 million […]Cryptopolitan
Fri, Oct 4
10,000 victims lost $46 million to crypto phishing scams in September
Web3 anti-scam platform Scam Sniffer reported that approximately 10,000 victims lost $46 million to crypto phishing scams in September alone. Scam Sniffer reported that in the third quarter of 2024 alone, crypto phishing losses totaled $127 million. The September phishing report also highlighted that in Q3, there has been an average of 11k victims per […]Cryptopolitan
Fri, Oct 4
Can Vitalik Buterin reduce Ethereum solo staking requirement to 1 ETH from 32 ETH?
Ethereum co-founder Vitalik Buterin has said that lowering the solo staking requirement from 32 ETH could make the network more decentralized and accessible. In a recent discussion on X, the Ethereum community discussed safeguarding solo staking as it leads to “true decentralization.” In response, Ethereum co-founder Vitalik Buterin suggests temporarily reducing staking requirements to make […]Cryptopolitan
Fri, Oct 4
Today is a make-or-break day for the crypto market: here’s why
Analyst Ash Crypto has highlighted several key elements that could greatly influence market movements in the coming hours. These events include a mix of economic data, geopolitical events, and technical factors. As per the details shared by Ash in his tweet, one of the most anticipated events of the day is the release of crucial […]Cryptopolitan
Fri, Oct 4
Nvidia is the only thing standing between the global economy and recession
Nvidia is single-handedly holding the global economy together. Forget oil or traditional industries, Nvidia’s AI chips have become the main engine driving multiple sectors worldwide. The company’s CEO, Jensen Huang, said the demand for their AI chips is “insane.” The NVDA stock has seen a massive surge, closing 1.6% higher on Wednesday and doubling in […]Cryptopolitan
Fri, Oct 4
13 of the top 25 new funds in 2024 are Bitcoin and Ether-focused
In 2024, Bitcoin and Ethereum-focused ETFs have surged in investor popularity and have climbed up the top 25 newly launched funds. Following the approval of the first spot Bitcoin ETFs, initial skepticism of the market has worn off. Bitcoin ETFs like iShares Bitcoin Trust (IBIT) and Fidelity Wise Origin Bitcoin Fund (FBTC) lead the category […]Cryptopolitan
Fri, Oct 4
