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Several high-profile crypto hacks and scams in November make it the most financially damaging month of the year.  According to CertiK’s data, November was the most financially destructive period of the year, with losses mounting to approximately $363 million due to a series of crypto exploits, hacks and scams. Exit scams contributed to the month’s toll, with about $1.1 million lost as projects vanished along with investors’ funds, eroding trust in burgeoning platforms and new coin offerings. These scams often involve the creators of crypto platforms or currencies absconding with users’ deposits, leaving investors with worthless assets. #CertiKStatsAlert Combining all the incidents in November we’ve confirmed ~$363M lost to exploits, hacks and scams This makes November the most damaging month this year Exit scams were ~$1.1M Flash loans were ~$45.5M Exploits were ~$316.4M See more details below pic.twitter.com/QoDy6d8IJH — CertiK Alert (@CertiKAlert) November 30, 2023 Yo

Swiss fund manager Pando Asset became the latest firm seeking approval for a spot Bitcoin ETF (exchange-traded fund) in the US.  The pending Pando Asset Spot Bitcoin Trust, if approved, will trade on the Cboe BZX Exchange. Coinbase, the leading U.S. crypto exchange, will serve as the custodian, while CME’s CF Bitcoin Reference Rate will be used for pricing. Pando filed an S-1 form with the US Securities and Exchange Commission (SEC) on Nov. 29. This is not Pando’s first exchange traded product. The company’s website shows that it already offers exchange traded products to its European clients on the SIX Swiss Exchange. BlackRock Met With SEC About Bitcoin ETF Application In other news, the SEC on Tuesday had meetings with representatives from both Invesco and BlackRock, according to documents on the agency’s website. The regulator also moved applications from Franklin Templeton and Hashdex into a public comment period. Some analysts say that the SEC could be accelerating the

With Christmas on the horizon, astute investors redirect their focus to the cryptocurrency market to pursue opportunities that promise substantial returns. Among the notable cryptocurrencies, Ethereum (ETH) emerges as a top contender for holiday investments. Why is this the case? ETH offers a distinctive combination of popularity and potential, making it particularly enticing during the festive season. Given these dynamics, Finbold has leveraged PricePredictions for its AI advanced machine learning algorithms. These algorithms meticulously assess the ever-changing market conditions and analyze relevant indicators to estimate the likelihood of Ethereum experiencing gains by Christmas day. ETH price prediction for December 25th. Source: PricePredictions The algorithms project that ETH will increase to $2,040 by the end of the month, representing a 0.54% increase from the current asset price at the time of publication. Cryptocurrency Warning: Squid Game cryptocurren

Dogecoin lost 3% in a week as investors explore alternatives Rebel Satoshi completes the Early Bird Round in three weeks.  As the market tries to build bullish momentum in Q4 2023, altcoins like Dogecoin (DOGE) are underperforming. In contrast, Rebel Satoshi (RBLZ), an emerging meme coin, appears to be a strong contender based on its presale performance.  Dogecoin drops 3% in a week Over the past week, DOGE fell by around 3.4% amidst turbulence partially stemming from resurgent selling activity by previously inactive network participants. DOGE traded near $0.08139 on Nov. 18 before dropping as old whale addresses began moving coins. This renewed volatility and exerted more downward pressure. You might also like: Dogecoin soars as Astrobotic wants to launch physical DOGE to Moon in 2024 However, positive news like a Netflix director revealing a $4 million DOGE purchase temporarily stabilized losses. As of Nov. 25, DOGE had recovered to about $0.07863. Some analysts p

November’s breakout DEX token $ETHETF is rapidly approaching the 21% of total supply burn target, with 1,000,000 tokens burned today alone, as markets flip bullish – don’t miss out. ETH ETF token is again making waves in DEX markets, as another 1,000,000 $ETHETF tokens are burned (representing 1% of total supply). The burn can be tracked on Etherscan here. This burn is the latest amid an ongoing dynamic burn mechanism, aiming to reduce ETH ETF token supply by 21M tokens (or around 21% of supply). With the number of manually burned ETHETF tokens now standing at 14,000,000, atop a further 6,000,000 burned via the 2% buy tax, a total of 20,000,000 $ETHETF (valued at over $200k) has been removed from the total supply (equating to a 20% reduction). Now, drawn in by the reduced supply, new investors are racing to take a position in what is being called the best deflationary altcoin of 2023. Amazing news, #ETHETF community! 🙌 We have now

Poloniex says it will start resuming deposits on Nov. 30 with TRX, the cryptocurrency of Justin Sun’s Tron blockchain. Cryptocurrency exchange Poloniex is preparing to resume withdrawals and deposits after suffering a $100-million hack on Nov. 10. Poloniex took to X (formerly Twitter) on Nov. 29 to announce that it will be gradually resuming deposit and withdrawal services on Nov. 30 at 2:00 am UTC. The crypto exchange stressed that it will implement a phased resumption of the services to “prioritize the safety” of user funds. Poloniex will specifically start restoring Tron (TRX) deposits and withdrawals first, followed by Bitcoin (BTC), Ether (ETH), Tether (USDT) and other cryptocurrencies “within the next two weeks,” the announcement said. In addition to restoring withdrawals , Poloniex said it is actively working on introducing new listings, which will be available in the near future. The exchange also requested that all users utilize the newly updated deposit addresses once the

CertiK co-founder Ronghui Gu told Cointelegraph that it’s “inexcusable” the industry faces continued SIM-swap and multisig failures, as previous incidents already highlighted the issues. As companies continue to fall for hacks and exploits, professionals working in the cybersecurity space chipped in on what can be improved in terms of crypto security for digital asset companies and the broader crypto industry.  Before September, almost $1 billion had already been lost to crypto hacks, exploits and scams in 2023. Yet, more incidents continue to shake the crypto world in the fourth quarter of 2023, such as the Poloniex exploit, with over $100 million in digital asset losses, and the HECO Chain bridge hack, with over $80 million in losses. .@Poloniex is suspected to have been hacked. The Poloniex address '0xA910' transferred all tokens to a new address '0x0A59' in 40 minutes, with a total value of about $60 million. '0x0A59' is currently transferring funds to more

RYI Unity partners with Chainge Finance is a groundbreaking multichain bridge platform that enables the transfer of assets across different blockchain networks. Ryi Unity is a leading blockchain company focused on providing innovative solutions for decentralized finance. They specialize in building robust and secure platforms that allow users to interact with various blockchain networks seamlessly. With a dedicated team of experts and a strong track record, Ryi Unity has become a trusted name in the industry. Ryi Unity: The Premier Blockchain Company for Decentralized Finance Ryi Unity is a renowned blockchain company that prioritizes providing inventive solutions for decentralized finance. Their expertise lies in creating reliable and secure platforms that allow users to interact with different blockchain networks with ease. The company’s team of specialists has established a strong reputation in the industry, making Ryi Unity a trusted name in the field of blockchain technology. Chai

The Financial Stability Board (FSB) says multifunction crypto-asset intermediaries (MCIs) are critical to the cryptocurrency ecosystem. However, their business models have vulnerabilities and risks that may negatively impact global financial stability. The FSB recommends a global approach and cooperation on regulation of these MCIs. The Financial Stability Board (FSB), an international organisation that monitors and makes recommendations about the global financial system, is seeking for greater cooperation among national regulatory bodies when it comes to the  regulation of crypto . In particular, the FSB has called for cross-border collaboration between different regulators across the globe in the supervision of multifunction crypto-asset intermediaries (MCIs). While critical to the crypto ecosystem, there are risks and vulnerabilities linked to crypto behemoths that combine services and products. These risks can be impactful on global financial stabilit

The former head of Binance, Changpeng Zhao, hinted at newfound interests beyond running the exchange. In a Nov. 27 post on X the former CEO of Binance says he is “thinking about how to use crypto to accelerate research funding” in biotech . Been reading about biotech , thinking about how to use crypto to accelerate research funding there. Keep building! — CZ BNB (@cz_binance) November 27, 2023 Zhao’s recent blog posts reflect his unwavering commitment to innovation. He is exploring ways to harness the power of digital currencies to support biotech nology research, recognizing the ability of cryptocurrencies to improve and speed up monetary transactions. Binance Square — the education and news arm of the market portal — has been providing hints as to where the former CEO’s interests may lie. Recently, European biotech startup Cradle raised $24m in a Series A funding round, according to Binance. Cradle uses generative artificial intelligence to help scientists design and create

FTX token (FTT) faces a 4.49% drop amid bankruptcy proceedings, raising doubts about its long-term viability. Massive asset transfers to exchanges hint at FTX’s efforts to manage the fallout from the financial collapse, impacting FTT’s value. Despite an 11.04% dip, LUNC shows strong liquidity and potential for a price rebound if sentiment shifts. The FTX token (FTT) has dropped significantly in the past 24 hours, with the price dipping from an intra-day high of $3.94 to an intra-day low of $3.44. The token’s price, presently $3.56, has dropped 4.49% from the day’s high. The ongoing bankruptcy proceedings of FTX accompany this downward trend, casting doubt on the token’s usefulness and relevance in the future.  FTT/USD 24-hour price chart (source: CoinStats) Adding to the complexity, recent transaction data reveals that FTX has transferred substantial quantities of digital assets, specifically 8 million MATIC tokens valued at approximately $5.95 million and

A widely followed crypto strategist thinks that the interoperable blockchain ecosystem Cosmos (ATOM) is primed for a move up. Pseudonymous analyst Kaleo tells his 606,800 followers on the social media platform X that he’s bullish on ATOM as he believes that the altcoin is “due for a squeeze.” “I’m long.”  Source: Kaleo/X Looking at the trader’s chart, it appears to suggest that ATOM has taken out a multi-month diagonal resistance with the next area of resistance at $16. At time of writing, ATOM is worth $9.69. Another coin on the trader’s radar is Worldcoin (WLD), a crypto project founded by OpenAI creator Sam Altman. According to the analyst, WLD is threatening to launch a breakout rally after moving above resistance at $2.55. “Picked up a bag of WLD. Nice little pennant breaking above July highs, the market is bullish = send it higher.”  Source: Kaleo/X At time of writing, WLD is worth $2.62. The analyst is also updating his outlook on the move-to-earn p

Crypto investors are always looking for new and promising projects to add to their portfolios, especially given the recent bullish momentum in the market. With new cryptos launching every week, it can be challenging to determine which ones have real long-term potential. This article will highlight five emerging coins investors can add to their watch lists this week. Bitcoin ETF Token (BTCETF)  Bitcoin ETF Token offers a way for crypto investors to speculate on the potential impacts of a spot Bitcoin ETF being approved. The project has a deflationary tokenomics model, in which 25% of the total supply will be burned as key ETF approval milestones are reached. For example, 5% of the tokens are burned if the Securities and Exchange Commission (SEC) announces an ETF approval date. Bitcoin ETF Token also allocates 25% of its supply to staking rewards, which currently exceed 130% APY. As we approach the first-ever spot Bitcoin ETF in the U.S., the developers behind BTCETF are bettin

The broader crypto market is struggling to maintain momentum as major players like XRP (XRP) and Ethereum (ETH) pull back from recent highs. Bitcoin (BTC) remains range-bound under $38,000 as buyers and sellers battle it for supremacy. However, one emerging altcoin , TG.Casino (TGC) is defying the downtrend and gaining ground in its ongoing presale event. XRP struggles for momentum  At the time of writing, XRP is hovering just above the $0.60 level, having dropped 18% in the past two weeks. XRP is now trading around the same level it was during the first week of November, having formed a solid downward channel on the 4-hour chart.  You might also like: XRP analyst sees potential bottom, urges caution The coin did see a brief spike on Nov. 22 but failed to break resistance at $0.63. Since then, XRP has been declining alongside broader crypto market weakness. Trading volumes have also dried up slightly, with daily volume down to $1.4 billion in the past 24 hours. Over

Amid his countless warnings of a looming financial crash, Robert Kiyosaki has shared more of his reasoning as to why Bitcoin (BTC), silver, and gold – the last of which has recently reached a new high – are superior to traditional money and require more attention. Specifically, the renowned investor and author of the best-selling personal finance book ‘Rich Dad Poor Dad’ said that gold reaching a new high (currently at $2,014.89) was great news but that the bad news was that “workers and savers are losers” in an X post on November 26. Furthermore, to avoid being a loser like the above-mentioned workers and savers, he advised his followers to “get out of FAKE money system” and get into gold, silver, and the flagship decentralized finance (DeFi) asset “now… before it’s too late.” Great News Gold reaches new high. Bad News: Workers and savers are losers. Bad News: been saying the same for 25- years. Don’t be a loser. Get out of FAKE money system. Get into gold, silver, Bitcoin now….

USDC’s volume on the Solana blockchain hit $70 billion since the start of November. The rise in SPL token swaps had a hand in the increase in transaction volume. An entry around $57.72 could favor traders looking to long the cryptocurrency. According to Jeremy Allaire, Solana’s (SOL) volume involving the USDC stablecoin has reached $850 billion on a Year-To-Date (YTD) basis. Allaire, who is the co-founder and CEO of Circle, the firm in charge of issuing the USDC coin, made this known in a post on X. The Circle CEO noted that the transaction volume was impressive especially as $70 billion out of the total took place in November. Really encouraging to see such a strong ecosystem growing for USDC on Solana. ~850B annual run-rate in Tx volume. https://t.co/rTQhn6fvQF — Jeremy Allaire (@jerallaire) November 25, 2023 Solana and USDC’s integration goes as far back as 2020. At that time, the goal was to improve adoption using tokens built using the Solana P

Dan Tapiero, CEO of growth equity fund 1RoundTable Partners, expects Bitcoin (BTC) to surpass $100,000. That’s a conservative estimate, the analyst adds, suggesting the flagship cryptocurrency has the potential for even greater gains within the next five years. Tapiero, known for his macro insights and fund management prowess, recently shared a cautiously optimistic outlook on Bitcoin’s future value. A surge to $100,000 would signify a remarkable 160% gain from the current levels. “My target for when I first started looking at this deeply in 2019 was always around $250,000 to $350,000 on Bitcoin,” Tapiero says. This, according to him, was a considered projection for the end of the decade, suggesting a reasonable trajectory for Bitcoin’s growth. In discussions with former Goldman Sachs executive Raoul Pal, Tapiero emphasized a noteworthy shift in the cryptocurrency landscape. Traditional retail and financial giants are increasingly embracing digital assets and blockchain technolog

Trust in charities is declining, but blockchain technology has the potential to restore it. Charity initiatives reflect our humanness in a world too much focused on individualism and consumerism. However, trust in charitable organizations and nonprofits has declined drastically over the last few years. Many businesses and individual influencers use giving for branding and promotion, often ignoring to ensure their funds reach the destination accordingly. The latest “Trust in Civil Society” report by Independent Sector found that trust in nonprofits and philanthropy among U.S. citizens had declined in 2023 compared to 2020. In the UK, according to a Charity Commission of England and Wales report, the percentage of people who describe charity as ‘very important’ has dropped from 72% in 2008 to only 56% in 2023. How can blockchain bring back trust in charity? Blockchain technology can underpin financial infrastructure capable of providing an alternative to the traditional way of doing