The Russian government restricts cryptocurrency mining to conserve energy resources. The ban targets energy-intensive mining activities and lasts until March 2031. Continue Reading: Russia Implements New Restrictions on Cryptocurrency Mining to Conserve Energy The post Russia Implements New Restrictions on Cryptocurrency Mining to Conserve Energy appeared first on COINTURK NEWS .
Over 15 X accounts were recently compromised, with hackers launching scam Solana meme coins and pocketing an estimated $500,000. A threat actor targeting Solana ( SOL ) meme investors and X pages has made about half a million dollars promoting scam tokens via hacked social media pages, blockchain sleuth ZachXBT revealed on Dec. 24. Popular accounts like Brett ( BRETT ), Kick Streaming, and Alex Blania were all breached . In each case, the hijacked page would announce a new coin and share a contract address, inviting unsuspecting victims to invest SOL. ZachXBT has spotted over 15 incidents since Nov. 26, all leading back to a concentrated effort from an unknown bad actor. 2/3 Each of the 15 ATOs were directly connected by mapping out the deployer address for each scam. The attacker bridged back and forth between Solana and Ethereum in an attempt to obfuscate the funding source. pic.twitter.com/DMcuh0KjXK — ZachXBT (@zachxbt) December 24, 2024 You might also like: News KickStreaming X account hacked, now pushing Solana-based crypto scam tokens How the X hackers gained access ZachXBT’s investigation showed scammers deployed scare tactics to steal passwords and other credentials. The hacker would mimic X support agents, claiming users violated terms of use and copyright policies. X has become a global town square since Elon Musk bought the company formerly known as Twitter. A vision of free speech and creator payouts incentivized more projects to build brands on the social network. Hackers have leveraged X’s prominence to bombard users with phishing links, preying on a sense of urgency builders often experience when faced with potentially losing their social media accounts. ZachXBT advised the public to “limit email address reuse between services” and also use “security keys for 2FA on important accounts” to strengthen personal cyber safety. Read more: Nearly 30% of crypto trends focused on meme coins in 2024, survey shows
Over 15 X accounts were recently compromised, with hackers launching scam Solana meme coins and pocketing an estimated $500,000.
Dawgz AI, a blockchain-based project offering a unique AI-powered meme coin, has raised over $500 thousand. This milestone demonstrates investors’ confidence and Dawgz AI’s growing presence and influence in the meme coin industry. Built on the Ethereum blockchain, Dawgz AI combines innovative technology with an engaged community, positioning it as a unique entrant in the
Altcoin Season Index Steady at 51, Signals Market in Altcoin Season The Altcoin Season Index , monitored by CoinMarketCap (CMC), remained unchanged at 51 as of 00:49 UTC on Dec. 24 . This stability underscores that the market is currently experiencing Altcoin Season , where altcoins outperform Bitcoin in terms of price performance. Understanding the Altcoin Season Index The Altcoin Season Index is a metric designed to measure the relative performance of the top 100 cryptocurrencies (excluding stablecoins and wrapped tokens) against Bitcoin over a 90-day period. Altcoin Season : At least 75% of the top 100 coins outperform Bitcoin. Bitcoin Season : 25% or fewer of the top 100 coins outperform Bitcoin. The index is scored on a scale of 1 to 100 , with updates provided daily. Key Insights From the Current Reading Neutral Zone : The score of 51 places the market in a neutral zone , leaning slightly toward an Altcoin Season. Recent Trends : The index has remained near this level for several days, suggesting a balanced performance between Bitcoin and major altcoins. Altcoin Momentum : The steady score highlights that many altcoins are holding their ground against Bitcoin, maintaining their gains over the 90-day observation period. Implications for Traders Altcoin Investors : A reading in the Altcoin Season range suggests favorable conditions for altcoin investors, with opportunities for gains relative to Bitcoin. Bitcoin Holders : While Bitcoin dominance remains a critical metric, the current score indicates that altcoins may present more lucrative short-term opportunities. Market Sentiment : The neutral-leaning Altcoin Season Index reflects mixed sentiment, with neither Bitcoin nor altcoins clearly dominating. Conclusion The Altcoin Season Index’s unchanged reading of 51 signals a continuation of the balanced market dynamics. Traders should monitor this metric closely, as shifts in the index could signal changes in market sentiment and potential trading opportunities. To learn more about the innovative startups shaping the future of the crypto industry, explore our article on latest news , where we delve into the most promising ventures and their potential to disrupt traditional industries.
Elon Musk’s xAI Secures $6 Billion in Series C Funding Round Elon Musk’s xAI , an artificial intelligence startup, has successfully raised a staggering $6 billion in a Series C funding round , according to a recent company blog post. The round attracted significant investments from A16Z (Andreessen Horowitz) , BlackRock , and Fidelity Management & Research Company . Utilization of Funds xAI plans to allocate the raised funds toward several strategic initiatives: Infrastructure Expansion : Enhance computational and physical infrastructure to support cutting-edge AI research and applications. Global Product Development : Develop AI-driven products tailored for worldwide markets, ensuring scalability and adaptability. Advanced Research : Invest in next-gen technologies that align with the company’s mission to understand the universe , a bold vision emphasizing innovation and exploration. xAI’s Mission and Growth Founded by Elon Musk , xAI is focused on leveraging artificial intelligence to explore fundamental questions about the universe. The company aims to build on Musk’s longstanding advocacy for responsible AI development. This latest funding round underscores growing confidence in xAI’s potential to lead transformative AI advancements. Strategic Implications Industry Impact : With $6 billion in fresh capital, xAI is well-positioned to compete with global AI giants like OpenAI and DeepMind. AI Ecosystem Expansion : The company’s research and development efforts could introduce groundbreaking technologies with applications across sectors such as healthcare, space exploration, and education. Investor Confidence : Participation from heavyweights like BlackRock and Fidelity signals robust institutional confidence in the long-term viability of AI-driven innovations. Conclusion xAI’s monumental Series C funding round highlights its ambition to redefine AI’s role in understanding and shaping the world. As the company progresses, it will likely become a central player in the AI ecosystem, further solidifying Elon Musk’s influence in technology and innovation . To learn more about the innovative startups shaping the future of the crypto industry, explore our article on latest news , where we delve into the most promising ventures and their potential to disrupt traditional industries.
Crypto Fear & Greed Index Climbs to 73, Signals Sustained ‘Greed’ Sentiment The Crypto Fear & Greed Index , a popular gauge of market sentiment developed by Alternative , increased to 73 on December 24 , reflecting a steady sentiment of “Greed” in the cryptocurrency market. This marks a three-point rise compared to the previous day. Understanding the Crypto Fear & Greed Index Scale and Interpretation : The index operates on a scale from 0 to 100 , where: 0-24 signifies “Extreme Fear” 25-49 signifies “Fear” 50-74 signifies “Greed” 75-100 signifies “Extreme Greed” Purpose : It helps investors understand market sentiment, which can guide decision-making and highlight potential overbought or oversold conditions. Drivers Behind the Current Sentiment Market Recovery : Bitcoin and Ethereum have shown signs of stabilization, contributing to increased investor confidence. Institutional Interest : Continued net inflows into cryptocurrency ETFs and rising adoption among institutional investors have buoyed market optimism. Positive Altcoin Performance : The broader market, including altcoins, has displayed resilience, leading to a balanced sentiment across the board. Implications for Investors Greed Zone : Sustained “Greed” levels may indicate that the market is overbought, and corrections could follow if enthusiasm wanes. Investors should exercise caution, balancing their portfolios with risk management strategies. Market Trends : “Greed” often aligns with bullish sentiment, which could suggest potential upward momentum in the short term. Historical Perspective The index has fluctuated significantly in recent months, reflecting the volatile nature of the crypto market. Persistent “Greed” sentiments can sometimes lead to “Extreme Greed,” often a precursor to market corrections or periods of consolidation. Conclusion The rise in the Crypto Fear & Greed Index to 73 signals growing market optimism. However, investors should remain vigilant, as high greed levels could foreshadow short-term volatility. To learn more about the innovative startups shaping the future of the crypto industry, explore our article on latest news , where we delve into the most promising ventures and their potential to disrupt traditional industries.
Musk the Manipulator could turn early investors into multi-millionaires, like other memecoins, such as Shiba Inu (SHIB) and Dogecoin (DOGE), did. Musk the Manipulator (MUSKMANI), a Solana memecoin launched today, is set to explode over 14,000% in price in the coming days. This is because MUSKMANI is set to soon be listed on numerous crypto exchanges, according to reports. This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and cause its price to rally, which will benefit investors who buy before these new exchange listings. Currently, Musk the Manipulator can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days. Early investors in SHIB and DOGE made astronomical returns, and Musk the Manipulator could become the next viral memecoin. Musk the Manipulator launched with over $8,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains. How to Buy To buy Musk the Manipulator on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Musk the Manipulator by entering its contract address – DZpfk5LaLrnP6vSFJnLSMAopUuTJGiFk7543rQxh4ids – in the receiving field. If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others. Early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price. If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner. The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum. This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like MUSKMANI. Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.
The Shiba Inu burn rate has significantly plummeted, revealing intriguing dynamics within the cryptocurrency market as SHIB price experiences noteworthy gains. Despite the drop in burn rates, the Shiba Inu
Bitcoin Could Dip to $82,220 with Binance OI Target at $9.77B Before Recovery, Analyst Predicts In a recent CryptoQuant post, analyst Burak Kesmeci outlined key metrics signaling potential local lows for Bitcoin and Binance’s open interest (OI) before the market transitions into a recovery phase. Drawing on historical data, Kesmeci suggested: Bitcoin Price Target : A potential drop of 23.94% to around $82,220 . Binance Open Interest : A possible decline of 21.88% , taking OI from the current $12.5 billion to $9.77 billion . Key Insights from Historical Patterns Open Interest as a Leading Indicator : Historically, spikes in Binance’s OI have preceded market corrections. A cooling off in OI typically indicates the unwinding of leveraged positions, resetting the market for the next leg up. Bitcoin’s Price Corrections : Similar patterns of BTC price corrections have been observed during periods of overheated OI. Kesmeci believes that a 23.94% pullback would align with these historical trends, setting the stage for subsequent recovery. Market Context Current Levels : Bitcoin trades near its recent highs, raising concerns about a potential overbought market. Binance’s current OI stands at $12.5 billion , which is notably elevated compared to historical averages. Triggers for a Correction : Increased leveraged trading on Binance and other platforms. Broader macroeconomic uncertainties or profit-taking by large holders. Implications for Investors Prepare for Volatility : If the market aligns with Kesmeci’s prediction, investors may face short-term turbulence. Opportunity to Accumulate : A dip to $82,220 could present a buying opportunity for long-term investors seeking to capitalize on market resets. Watch for Key Indicators : Monitor Binance’s OI levels and BTC’s price action closely for signs of stabilization. Conclusion Kesmeci’s analysis highlights the importance of understanding market dynamics, particularly the relationship between open interest and price movements. While a potential drop to $82,220 may cause concern, it could serve as a reset point, paving the way for a healthier recovery phase. To learn more about the innovative startups shaping the future of the crypto industry, explore our article on latest news, where we delve into the most promising ventures and their potential to disrupt traditional industries.