Elastic has named the new malware “Kandykorn” and the loader program that loads it into memory “Sugarload,” as the loader file has a novel “.sld” extension in its name. Elastic did not name the exchange that was targeted.Continue Reading on Cointelegraph More
Yet, amid Bitcoin’s 106.38% year-to-date gains, the stablecoin supply rate oscillator (SSRO) has raised a major flag despite suggesting the beginning of a new bull cycle.Continue Reading on Cointelegraph More
One possible reason for the surge in enthusiasm among investors using ETH derivatives is the overall market’s excitement regarding the potential approval of a spot Bitcoin exchange-traded fund (ETF) in the United States. According to analysts from Bloomberg, the ongoing amendments to the spot Bitcoin ETF proposals can be seen as a “good sign” of progress and impending approvals. This development is expected to drive the entire cryptocurrency market to higher price levels.Continue Reading on Cointelegraph More
The base also benefited from collaborations with industry players such as Chainlink. Despite these developments, ITB’s analysis indicates a notable decrease in activity on the Base blockchain. Daily active users dropped by over 64% from an all-time high of 145,479. Additionally, no day since August 25 has seen transaction volume for major protocols exceed $4 million.This slowdown in activity and the direct link of token volumes to protocols incentive programs suggest that these tokens have yet to achieve blue-chip status. Despite an initial retail rush which contributed to an early surge in activity, the volume of transactions for featured protocols hasn’t surpassed $4 million.The data from Dune Analytics further corroborates this trend, showing a gradual tapering off of Base’s activity. Despite the growth driven by collaborations and new launches, these indicators suggest a cautious approach by investors toward the tokens on Base’s platform.In the context of Coinbase’s recent developments, it’s important to consider some key insights from InvestingPro. The company has seen a declining trend in earnings per share and analysts do not anticipate it will be profitable this year, as per InvestingPro Tips. Additionally, the company’s stock price movements have been quite volatile, with a significant price fall over the last three months, although there was a large price uptick over the last six months.Turning to InvestingPro Data, Coinbase has an adjusted market cap of $18.45 billion and a negative P/E ratio of -13.82 as of Q2 2023. The company’s revenue for the last twelve months as of Q2 2023 stood at $2580.23 million, showing a decrease of 55.34% compared to the previous period. Furthermore, the price-to-book ratio is at 3.37, indicating that the market values the company at more than three times its book value.These insights underscore the dynamic and challenging landscape that Coinbase operates in. For a more comprehensive understanding of the company’s financial performance and future prospects, consider exploring the additional tips and data available on InvestingPro.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More
Cointelegraph takes a closer look at some of the reasons for the continuous drop of the ETH/BTC pair. Continue Reading on Cointelegraph More
Sam “SBF” Bankman-Fried’s trial has entered the final stages, with the prosecution delivering its closing arguments in the case on Nov. 1.Continue Reading on Cointelegraph More
Gensler used his Halloween-themed tweet to appreciate Bitcoin’s unique position as the first functional system for peer-to-peer electronic cash transactions that bypass traditional financial institutions. However, he emphasized that most other cryptocurrencies, including stablecoins, could potentially be viewed as unregistered securities.During his tenure as the SEC Chair, Gensler has overseen strict legal action against major cryptocurrency entities like Binance, Coinbase (NASDAQ:COIN), and Kraken. This enforcement stems from concerns about these platforms’ sale of unregistered securities. Despite facing criticism from industry leaders and lawmakers over perceived unclear rules and potential innovation stifling, Gensler maintains that existing securities and disclosure regulations offer clear guidance.This viewpoint was further underscored in his testimony at the House Appropriations Subcommittee on Financial Services and General Government. Responding to Congressman Sanford Bishop (D-GA), Gensler stated that the cryptocurrency space is “rife with noncompliance.” He also noted that there is no need for more digital currency in the U.S., and that a vast majority of coins and tokens in the market are indeed securities.Despite analysts’ belief that approving a spot Bitcoin ETF could significantly boost its price, Gensler remains hesitant. His recent social media engagement sparked backlash from users like @osf_rekt who deemed it “unprofessional.” This reaction highlights the heightened sensitivity around Bitcoin and raises questions about Gensler’s approach to social media communication.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More
The release was performed through three separate transactions, causing notable market fluctuations. The first transaction released 100 million XRP tokens valued at approximately $59.98 million. This was followed by two more transactions, releasing 400 million and half a billion tokens respectively, valued at $239.92 million and $299.9 million.Following the release, the price of XRP experienced a temporary drop of 3%, but it quickly recovered. At present, XRP trades with a marginal decrease of 0.8% from Tuesday’s closing price.Interestingly, on Tuesday, XRP had shown robust performance with a surge of 10.5% at one point in the day, ending with an overall increase of 3.74%. Currently, XRP is trading around $0.6 per token, marking its highest price since mid-August 2023.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More
