Aurelia Butler

The bulls are currently in charge of the Ethereum market, despite bears’ attempts to drive prices lower after they pushed prices to an intraday low of $1195. The increase in demand caused the price of Ethereum to increase to $1196.29.The market cap increased by 0.25% to $146,396,189,5634, indicating considerable buying activity, while the 24-hour trading volume fell by 13.38% to $3,538,483,754.The post Bullish Momentum Anticipates to Propel Ethereum Towards $1200 appeared first on Coin Edition.See original on CoinEdition More

BitDAO is a decentralized autonomous organization (DAO) that supports DeFi projects through research and development, token swaps, and grants. It aims to build a decentralized tokenized economy that is available to everybody.BitDAO hopes to support several projects in decentralized finance (DeFi), DAOs, non-fungible tokens (NFTs), and gaming through research and development, liquidity bootstrapping, and funding.One of BitDAO’s primary aims is to attract developer talent via token swaps and co-development efforts. In addition to supporting other projects, BitDAO aims to build core products that will help the functionality and effectiveness of BitDAO and other DAOs.BitDAO is not a company, so it does not focus on profit generation. BIT is a tradeable governance token of the BitDAO ecosystem. The Ethereum-based token carries proposal and voting power for users to make decisions.Social Media: Website | Twitter | GitHub | Discord | Telegram | MediumThe BitDAO community recently announced that the team is considering buying back $100 million worth of its bit token. The BIP-18: $BIT Purchase Program is currently being voted on by community members.The proposal will see the BitDAO team purchase $2 million in USDT worth of BIT for 50 consecutive days, starting on January 1st, 2023. The proposal also extends DAO’s capital deployment strategy and previous buyback schemes.The recommended priorities for BitDAO capital deployment include high priority for BIT-related products and low priority for swaps and investments, as well as yield strategies. BitDAO currently holds assets to cover at least five years of BIT product development.Although the buyback scheme would increase the BIT holding of BitDAO, the project remains DAO with the biggest treasury without their token. As of December 5th, BitDAO’s reserve was valued at over $766 million – more than three and a half times the second DAO on the list.ByBit, one of the world’s leading crypto exchanges, announced on December 20th that it had made a $66 million contribution to BitDAO through the month of November. It has also been a major player in the monthly burning of BIT tokens.At the beginning of December, the BitDAO team announced the soft launch of a modular Ethereum Layer-2 (L2) network called Mantle. BitDAO hopes to use Mantle to bolster lower fees and fast transactions on the Ethereum network.BitDAO (BIT) has outperformed most of the crypto market as developments in the community stack. While most cryptos are down on the day, week, and month, BIT is a gainer on all timeframes.The 24-hour price chart for BitDAO (BIT). Source: CoinMarketCapFollowing the updates on the BitDAO proposal, BIT spiked as much as 17.3% on December 29th, closing the day as the top gainer. BIT is up by 2.6% in the last 24 hours and 18.5% in the last seven days.The seven-day price chart for BitDAO (BIT). Source: CoinMarketCapThe recent rally has taken the price of BIT as high as $0.3397. This is its highest value since the collapse of FTX. BitDAO is now ranked as the 48th largest crypto, with a market cap of $705 million.On Wednesday, November 28th the BitDAO team announced that the public testnet of the protocol will be released in January 2023. The aim of Mantle is to offer “low gas fees” and faster transaction speeds for users of Ethereum.According to the BitDAO team, Mantle will become the first network to adopt EIP-3074, an Ethereum Improvement Proposal. It defines two new opcodes and extends smart contract functionality and meta-transactions.At the time of this writing, the current results show that 148 million BIT has been staked in favor of the BIP-18 purchase program against 5 BIT not in favor. At this pace, the proposal is set to be passed by BitDAO.As one of the biggest DAOs, BitDAO has one of the biggest communities, who are great believers in the core of the project. Reacting to the announcement of Mantle, a Twitter user, @Purple_M0ney, wrote:
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}On the prospects of BIT, the founder of AlfaDAO, Viperr.eth, shared:Bullish about BIT’s performance in 2023, another user, @TheMartianGoat, wrote:BitDAO looks to partner with existing and emerging projects via token swaps as it aims to build a decentralized tokenized economy. This could strategically place BitDAO at the center of some of the biggest developments on the Ethereum network.See original on DailyCoin More

The cryptocurrency market has had a period of volatility recently, making it difficult to forecast what the future holds for the value of XRP. The fact that XRP has shown to be resilient in the past has led many observers to predict that it would ultimately rebound. Notably, the market is so volatile, which implies that anything might happen. Others say that the value of Ripple might decrease if it is unable to keep ahead of the competition in the crypto market.Concretely, the price of XRP has been trading at less than $0.35 per coin during the previous several weeks. Bulls and bears have been engaged in a tug-of-war around a range of less than 4%, between $0.33 and $0.35. The 50-day, 100-day, and 200-day simple moving averages are all located above where XRP is now trading.The post Will XRP Price Soar or Decline in the Unforeseeable Future? appeared first on Coin Edition.See original on CoinEdition More

A recent Kaspersky Labs report claims that the North Korean hacking group “BlueNoroff” stole millions of dollars by creating over seventy bogus domain names and passing them off as banks and venture capital firms.Experts say that the majority of the fake domains pretended to be well-known Japanese businesses, although some also claimed to be American and Vietnamese businesses.According to this research, the gang has been exploring new file formats and other virus distribution techniques. Once installed, the malware avoids Windows Mark-of-the-Web download security warnings and goes on to intercept big cryptocurrency transactions. By doing this, the account may be drained in a single transaction by changing the recipient’s address and raising the transfer amount over the threshold.On the same note, Kaspersky conducted a comprehensive investigation into the BlueNoroff gang in late September, and their usage of .iso and .vhd disk bitmap images to disseminate malware was proven, in addition to their use of new scripts.As per Kaspersky’s research, a consume …The post North Korean Hackers Impersonate VCs to Steal Crypto appeared first on Coin Edition.See original on CoinEdition More

India is ready to achieve its dream of a $5 trillion economy by exploring the untapped $1 trillion crypto market that the currently has under its belt. The Indian web3 industry aims to lead the global market and contribute to the nation’s GDP.After overtaking the UK, India became the fifth-largest economy in 2022 following right after the US, China, Japan, and Germany. The World Bank’s December report titled “Navigating the Storm,” highlighted that India is better prepared to face global pullovers than all other emerging markets. Moreover, policy reforms and consistent FDI inflows protected the Indian economy from volatility in global portfolio flow. At present, sectors including IT, cloud service, big data, AI, and the IoT is supporting the nation’s GDP with up to $200 billion. According to a Chainanalysis report, India ranks in the top five positions when it comes to crypto adoption, alongside ranking sixth for DeFi adoption. US-India Strategic Partnership Forum’s (USISPF) report titled “India’s $1 Trilli …The post India To Explore Crypto And Web3 To Reach Goal Of $5 Trillion Economy appeared first on Coin Edition.See original on CoinEdition More

Cronos price analysis is showing signs of a decline since the price has been moving in a downward direction over the past 24 hours. Although the cryptocurrency was under bullish influence earlier this week, bears have taken control and dragged CRO/USD levels down to $0.0559 at the time of writing. Both the current resistance level of $0.0578 and the current support level of $0.05562 for the altcoin may serve as pivot points for future price moves. However, the bears have been quite successful as a result of the significant decrease that has had a negative impact on the entire value of cryptocurrencies over the past few hours. The daily chart price analysis reveals that the CRO is confirming a decline in coin value, as the price has been following a bearish trend for the day. The circumstances are turning favorable for the sellers, as the past few weeks have seen a constant improvement in the CRO market price. Nonetheless, a downturn in price occurred today, which is why the price has been lowered to the $0.0559 mark, a decrease of 3.30 percent in the last 24 hours.The post Cronos Price Stumbles At $0.0559 As bearish Signal continues appeared first on Coin Edition.See original on CoinEdition More

According to Bloomberg, the US Department of Justice has launched an investigation into a series of crypto transactions that Web3 analysts linked to disgraced crypto tycoon Sam Bankman-Fried (SBF).Previously, analysts monitored the movement of funds that appear tied to digital wallets of the former CEO of the FTX exchange and Alameda Research, with a total estimated value of more than $1 million. More