XRP Posted Biggest Single-Day Gain in 3 Years in a Coordinated Buying Attack
"Traditional Crypto-Pump groups are being copied and legitimized by WallStreetBets," Jehan Chu, co-founder and managing partner at Kenetic Capital, told CoinDesk.
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Right about now, there’s a coordinated attack going on across crypto, but it isn’t targeting Bitcoin. It is targeting cryptocurrency industry journalists, who have little to gain from what they’re being accused of. The situation is yet another reason why crypto needs less mouthpieces like Elon Musk and others who add nothing but memes and […]
Investors are contemplating what next following the market correction, which saw Bitcoin drop as low as $29k. Many pin the events of yesterday on FUD, whether Elon FUD, China FUD, or OCC FUD. However, an “insider” on anonymous board 4Chan claims it was a coordinated attack by an unnamed firm connected to the Chinese government. […]
Bitcoin's biggest problem is still the threat of a 51% attack, according to Dr Dirk Haubrich, head of consumer protection and financial innovation at the European Banking Authority (EBA). He said his main concern about the widespread adoption of bitcoin is the risk of a 51% attack, where a single entity contributes the majority of the network's mining hashrate and, thus, gains full control of the network and can manipulate the blockchain. Haubrich made these comments on Friday at an event titled Controlling Cryptocurrencies at the University of Birmingham in the UK. He said he had spoken....
World Liberty Financial (WLFI), the decentralized finance (DeFi) venture associated with President Donald Trump and his sons, said early Monday that it had been targeted in what it described as a “coordinated attack” involving its stablecoin, USD1. According to CoinGecko data, USD1 — which carries a market capitalization of nearly $4.8 billion — briefly lost its dollar peg before recovering to $1. The temporary dislocation drew immediate attention across crypto markets, particularly given the project’s political ties and growing profile within the digital asset sector. World Liberty....
Bitcoin is eyeing a bull revival above the psychological resistance of $11,000, but a strengthening dollar could put a spanner in the works.