South Korea's Second Largest Cryptocurrency Exchange Bithumb Listed a New Altcoin! Here Are the Details

Bithumb, South Korea’s second-largest cryptocurrency exchange, has expanded its trading options by introducing the DeBridge (DBR) Korean won (KRW) exchange. Bithumb Lists DeBridge (DBR) on Korean Won Market DeBridge is a leading cross-chain bridging protocol on the Solana blockchain, facilitating seamless interoperability between various blockchain networks. By listing DBR, Bithumb aims to meet the growing demand for cross-chain solutions in the South Korean market and further diversify its platform offerings. This listing highlights Bithumb's commitment to integrating innovative blockchain projects and supporting emerging technologies in the decentralized finance (DeFi) ecosystem. Market analysts see the move as a positive step for DeBridge, as its inclusion in one of South Korea's largest exchanges is expected to increase liquidity and expand its user base in the region. *This is not investment advice. Continue Reading: South Korea's Second Largest Cryptocurrency Exchange Bithumb Listed a New Altcoin! Here Are the Details

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Crypto Hacks in 2024: Centralized Exchanges Are Now the Top Targets for Cybercriminals

The post Crypto Hacks in 2024: Centralized Exchanges Are Now the Top Targets for Cybercriminals appeared first on Coinpedia Fintech News The 2024 Chainalysis Crypto Crime Report underscores a troubling reality: The crypto loss growth was significantly marginal with the total amount lost to crypto hacks reaching $2.2 billion, 21% higher than in 2023. 303 cases of crypto theft were noticed in 2024 while there were fewer of 282 cases in 2023. This is the fifth consecutive year where the crypto theft figure has exceeded $1 billion, which simply highlights the dangers of embracing crypto assets as they become mainstream. The Reason Why North Korea Dominates the Cybercrime World More specifically, North Korean hackers contributed to $ 1.34 billion of the total simulated funds that were stolen within forty-seven attacks, more than double the $660.5 million stolen in 2023. These exploits which constituted 61% of all the thefts show that Pyongyang has developed sophisticated cyber techniques to finance state activities such as weapon development. However, from July 2024 North Korea’s activity reduced by 53.7 %, probably due to geopolitical factors such as the Putin Kim Jong Un Summit Meet. A Shift in Hacker Targets and Gradual Change in Their Ways One could also notice the change of targets in 2024. The decentralized finance platforms majorly led earlier years, while this year, the centralized services rose to the trends in Q2 and Q3. Some of them were the $305 million DMM Bitcoin exchange attack in Japan and India’s WazirX which was attacked for $234.9 million . The lack of proper management of private keys, which made up 43.8% of stolen funds, was a commonly used tactic by hackers. Money laundering also became more sophisticated when more hackers started using bridges and mixing services to cover their tracks. For instance, while extorting DMM Bitcoin, cybercriminals used mixers and multiple intermediate accounts before the money reached inconspicuous markets. Strengthening Crypto Security To progress, the current crypto industry has to enhance security approaches, increase private key security, and engage with both the government and private players. 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if (subscribeButtonSpan) { if (anyActive) { subscribeButtonSpan.textContent = 'Subscribe Now'; } else { subscribeButtonSpan.textContent = 'Unsubscribe'; } } } function updateSubscriptionButton() { var listItems = document.querySelectorAll('.subscription-options li'); if (listItems.length === 0) return; var anyActive = false; listItems.forEach(function(item) { var checkbox = item.querySelector('input[type="checkbox"]'); if (checkbox) { if (checkbox.checked) { item.classList.add('active'); anyActive = true; // Set anyActive to true } else { item.classList.remove('active'); // Remove 'active' class if checkbox is unchecked } } }); // Update the button text based on whether any list item has the 'active' class updateButtonText(anyActive); } document.addEventListener('click', function(event) { var clickedItem = event.target.closest('.subscription-options li'); if (clickedItem) { var checkbox = clickedItem.querySelector('input[type="checkbox"]'); if (checkbox) { checkbox.checked = !checkbox.checked; updateSubscriptionButton(); } } });

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XProtocol DePIN Superchain goes live on Fjord launchpad with Xmas Campaign

Web3 entertainment and gaming has seen several iterations and ground-breaking innovations on blockchain. But it still leaves room for further innovation as blockchain’s potential remains underdeveloped. XProtocol has emerged as a phenomenon with its blockchain solution that redefines how users interact with the digital ecosystems. The blockchain possesses a comprehensive entertainment-focused DePIN (Decentralized Physical Infrastructure Network) superchain designed to deliver a whole new experience with blockchain technology. The project’s core mission extends beyond technological advancement but also targets mass audience engagement, democratizing access to Web3 technologies. XForge: A Gateway to Decentralized Rewards At the heart of XProtocol’s innovation is XForge, the world’s first node-operated blockchain DePIN smartphone. This groundbreaking innovation enables users to effortlessly generate passive rewards through decentralized infrastructure, making blockchain benefits tangible and accessible to millions. Users can participate in the DePIN network directly from their phone, earning rewards, airdrops, and other crypto-based incentives. XProtocol’s infrastructure is meticulously designed to solve critical challenges in blockchain adoption: Unprecedented Scalability: The platform can potentially surpass 1000 transactions per second (TPS) Micro-Transaction: Gas fees reduced to millionths of a cent Mass User Onboarding: Engineered to seamlessly integrate millions of new users into the Web3 ecosystem XProtocol focuses on the entertainment and gaming sectors, aiming to be at the cornerstone of the next evolution of digital experiences. The platform seeks to bridge the gap between traditional digital interactions and the emerging Web3 landscape, making blockchain technologies intuitive and valuable for everyday users. Upcoming Exciting Opportunities XProtocol’s native utility token ($KICK) powers the ecosystem with a broad range of essential features. The $KICK token public sale will be live on Fjord Foundry on December 19th–23rd. With this sale, XProtocol offers investors a unique opportunity to participate in a potentially transformative digital entertainment platform. Sale Details: Fixed Sale Price: $0.00875 per token Currency: USDC on Base Network Token Release: 100% on TGE (Q1 2025) Min/Max Allocation: 0 – 400M Sale Market Cap: $3.5M To participate in the sale, visit Fjord Foundry. To make the public sale even more enticing, XProtocol is introducing an exclusive Christmas Gift Campaign that promises significant value to contributors. Investors who contribute $700 or more during the public sale will unlock an extraordinary package of rewards. This includes an XForge smartphone valued at $499 and a FREE Xardian node worth $290. The offer is limited to one per wallet, and free nodes will be claimable one week after the sale through xprotocol.org/xardian-nodes . XProtocol’s Traction The project’s credentials are particularly compelling. As the number one Entertainment & Gaming Superchain on Base, XProtocol has reached 1.5 MAU, boasting a robust infrastructure supported by 10,000 active nodes and over 3,000 DePIN devices. The platform is preparing for an exciting AI Agents Ecosystem launch. With strong support from prestigious investors including Saison Capital, Zephyrus Capital, Dragonfly, and Coinfund, the project stands at the heart of innovation and entertainment-driven blockchain adoption. The project is bringing a whole new suite of solutions to the blockchain ecosystem and revolutionizes how the technology takes entertainment to a new level.

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El Salvador snaps up 11 Bitcoin worth over $1 M to supercharge its crypto reserves

El Salvador has improved its national Bitcoin reserve by adding 11 Bitcoins for $1 million. The latest investment means that the country holds a total of 5,980 Bitcoins. The purchase comes only a few days after the country acquired a $1.4 billion development loan from the IMF. To secure the IMF deal, the country agreed to slow down on some of its crypto policies, especially the one targeting its digital wallet, Chivo. El Salvador agreed to retire or sell its digital wallet. El Salvador has been making huge gains in the reserve’s value. The Nayib Bukele portfolio tracker , which has been monitoring Bitcoin purchases, reports unrealized gains of over $125 million. This is almost 91.54% growth in reserve value. According to the tracker, the reserve is making high profits on purchases made during bear markets, when prices were as low as $19,000. El Salvador walks the talk as they continue to buy Bitcoins Although people thought the IMF agreement would slow down the country’s quest for BTC, it won’t. El Salvador had clarified that it would keep buying and holding Bitcoin. El Salvador’s national Bitcoin office director, Stacy Herbert, wrote on X that Bitcoin would remain legal tender in the Central American country and that the government would keep adding to its strategic reserves. Earlier, Eugene Epstein, the head of trading and structured products for North America at Moneycorp in New Jersey, felt El Salvador’s announcement was a PR gimmick. He said the announcement might have been a way to counter negative throwback, but now that they are buying, it means that cryptocurrency has become their way. Did the IMF intend to control the El Salvador BTC model? There was much speculation when El Salvador agreed to amend its crypto policies. Some even felt that the IMF was arm-twisting Salvador for the development loan they requested. Yet, the latest development is a testament that El Salvador’s journey to accumulate Bitcoin is in progress. Most people are worried about the risks associated with BTC and feel it’s a huge gamble for governments to adopt crypto as a legal tender. However, crypto enthusiasts have been encouraging the adoption , insisting that the reward outweighs risks by far. Land a High-Paying Web3 Job in 90 Days: The Ultimate Roadmap

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Fed Effect: Biggest Net Outflow Day for Bitcoin ETFs Led to Crash Below $96K

Bitcoin’s price actions in the past few days have been nothing short of a substantial correction that pushed it south by around thirteen grand. It seems Powell’s comments made during the latest FOMC meeting have scared US investors as they pulled over $670 million from the spot Bitcoin ETFs within just a day. Red Record After slashing the key interest rates by another 25 basis points, Fed Chair Powell warned that 2025 might not see as many reductions due to the alarming numbers on the inflation front. To make things worse for BTC and the altcoins, he added that the central bank is not allowed to buy and store bitcoin for itself, which contrasts with one of Donald Trump’s many pro-crypto promises . The effects were immediate as the primary cryptocurrency’s price tumbled from over $105,000 to $98,000 immediately on Wednesday evening. After jumping to almost $103,000 on Thursday, the bears resumed control of the market and pushed it south to a multi-day low of under $96,000, leaving over a billion in liquidations. This came during the US trading hours. Data from FarSide indicates that US investors indeed got scared for their allocations into riskier assets like BTC and started to pull funds out of the Bitcoin ETFs. In fact, December 19 turned out to be the worst day in terms of daily outflows in the ETFs’ nearly year-long history. $671.9 million was withdrawn from the financial vehicles in total, with Fidelity’s FBTC and Grayscale’s BTC leading the pack – $208.5 and $188.6 million, respectively. Even BlackRock’s IBIT, which continues to shatter records , couldn’t attract any fresh funding but at least didn’t see any major withdrawals, ending the day at $0.0. Ethereum ETFs in Red, Too The spot Ethereum ETFs were on a roll for nearly a month, as they didn’t see a single net outflow day since November 21. However, the landscape around them changed as well, with investors pulling $60.5 million. Although the amount is more than 10 times lower than that of the Bitcoin ETFs, ETH’s price wasn’t spared. The asset is down by over 9% in the past day and struggles at $3,350 after its latest rejection at $4,000. The post Fed Effect: Biggest Net Outflow Day for Bitcoin ETFs Led to Crash Below $96K appeared first on CryptoPotato .

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BDTCOIN: The Gold-Backed Crypto Investment with 100x Potential | Stable Crypto Asset

In the fast-paced world of cryptocurrency, stability and growth often feel like a paradox. But with BDTCOIN, the rules are being rewritten. As the first gold-backed cryptocurrency, BDTCOIN offers unparalleled security and growth potential, making it the best gold-backed cryptocurrency for secure crypto investment and a high-growth crypto asset. And with its imminent listing on a major crypto exchange, the clock is ticking for investors to grab a piece of this groundbreaking digital asset before it skyrockets. Why BDTCOIN is a Game-Changer 1. Gold-Backed Stability BDTCOIN stands out by being fully backed by gold reserves, mitigating the volatility that plagues most cryptocurrencies. This unique feature ensures that BDTCOIN is not just a speculative asset but a stable store of value. For investors seeking to hedge against market turbulence, BDTCOIN is the perfect blend of tradition and innovation, leveraging gold-backed blockchain technology to offer crypto stability with gold reserves. 2. A Secure Future Beyond Transactions BDTCOIN isn’t just a currency—it’s a gateway to financial empowerment. Whether you’re making global payments or local exchanges, BDTCOIN’s frictionless mobile payment system prioritizes user security and privacy. With this next-gen platform, investors are not just buying coins; they’re investing in a secure financial future. 3. Unparalleled Security Leveraging cutting-edge encryption and a tamper-proof blockchain, BDTCOIN ensures that your transactions and assets remain secure. By eliminating the need for sensitive financial information, BDTCOIN delivers peace of mind in every transaction, setting a new standard in crypto security. 4. Versatile Wallet Options BDTCOIN caters to all types of investors with a wide range of wallet solutions. Whether you prefer the offline safety of paper wallets, the advanced features of hardware wallets, or the robust functionality of software wallets like BDTCOIN Core, managing your digital gold has never been easier. 5. A Milestone Achievement: IEO Success BDTCOIN’s Initial Exchange Offering (IEO) was a resounding success, issuing 14.2 million coins with payments accepted in Bitcoin (BTC) and Tether (USDT). This milestone reflects the growing trust and excitement within the crypto community, positioning BDTCOIN as a leader in the DeFi revolution. The Time to Act is Now With BDTCOIN’s upcoming cryptocurrency listing on a major crypto exchange just around the corner, early investors have a unique opportunity to capitalize on this gold-backed crypto asset. As one of the best gold-backed cryptocurrencies in the market, BDTCOIN combines stability with high growth potential, making it the perfect choice for those looking to invest in gold-backed crypto now before its value skyrockets. Here’s why you should act fast: High Growth Potential : BDTCOIN’s gold-backed stability combined with the explosive growth of crypto makes it a prime candidate for a 100x surge. Instant Liquidity : Once listed, BDTCOIN will be immediately tradable, offering quick returns for investors. Growing Adoption : With its innovative features and growing recognition, BDTCOIN is set to disrupt the cryptocurrency market. Secure Your Financial Future Investing in BDTCOIN is more than just a financial decision; it’s a step towards a secure and prosperous future. Don’t miss the chance to be part of this revolution. The opportunity to invest at ground-floor prices won’t last long. Once BDTCOIN hits the major exchange, the price could multiply exponentially, rewarding early adopters with life-changing returns. Key Takeaways: BDTCOIN combines the stability of gold with the innovation of crypto. Its cutting-edge security and versatility make it an ideal investment. Early investors stand to benefit the most, with the potential for 100x growth. Act Now The future of decentralized finance is here, and it’s called BDTCOIN. Don’t wait for the price to soar—invest today and secure your place in the next big wave of crypto innovation. Time is running out, and the opportunity to invest in this gold-standard cryptocurrency at its inception won’t come again. Join the Revolution Visit the BDTCOIN website today to learn more, buy BDTCOIN now, and seize this top cryptocurrency investment opportunity. Secure your financial future with the best gold-backed crypto purchase before prices soar! The future is gold-backed, secure, and digital—the future is BDTCOIN. Company Details: Website : https://bdtcoin.co/ Email : Admin@bdtcoin.co Explorer : https://bdtcoin.info Development : https://bdtcoin.org

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Follow BitconeMine to earn more than $1,000 a day in passive income and get rid of loans

Bitcoin dominance is a measure of a currency’s relative share of the total cryptocurrency market

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Whale Accumulation of AAVE Signals Potential for Price Recovery Amid Recent Market Dip

The resurgence of interest among Smart DEX traders and whales marks a pivotal moment for AAVE, as they capitalize on recent price dips. This strategic accumulation trend suggests both confidence

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Asia markets mixed as investors assess China rate decision; eyes on PCE inflation data

Asia-Pacific markets trade mostly lower on Friday as investors reacted to the monthly fixing of key lending rates in China, with the PBoC maintaining them at record lows, as expected, after reductions in October and July. Investors also responded to data showing Japan’s headline inflation rate rose to a three-month high of 2.9% in November, up from 2.3% in October. Japan ( NKY:IND ) fell -0.17% to above 38,900, while the Topix Index gained 0.15% to 2,717 on Friday. The Japanese yen strengthened past 157 per dollar on Friday as investors responded to data showing Japan’s headline inflation rate rose to a three-month high of 2.9% in November, up from 2.3% in October . The core inflation rate also increased to 2.7%, surpassing market expectations of 2.6%. China ( SHCOMP ) fell -0.14% to around 3,380 and the Shenzhen Component rising 0.4% to 10,690, and the offshore yuan stabilized at 7.30 per dollar after the People's Bank of China held its key lending rates steady at December's fixing . Hong Kong ( HSI ) rose +0.08% to 19,874 in Friday morning deals, after closing modestly lower in the previous session. India ( SENSEX ) fell -0.22% to 79,090 in morning trade on Thursday, marking its fifth consecutive session of losses, while lingering at its lowest level in three weeks, driven primarily by declines in financial services, banking sectors, and realty stocks. Australia ( AS51 ) fell -1.24% to 8,067 on Friday, closing at its lowest level in over three months. Private sector credit in Australia rose by 0.5% month-over-month in November 2024, in line with market consensus. Domestically, investors turned their attention to the upcoming release of the Reserve Bank of Australia’s meeting minutes, following its decision to keep rates unchanged at 4.35%. In the U.S., on Thursday, all three major indexes ended little unchanged following the previous day's selloff as investors evaluated the potential impact of a hawkish Federal Reserve outlook on corporate returns in the coming year. U.S. stock futures were little changed on Friday as investors braced for the upcoming PCE price index report, the Federal Reserve’s preferred measure of inflation: Dow -0.15% ; S&P 500 -0.27% ; Nasdaq -0.57% . Traders also anticipated the release of the US PCE price index for November later today, the Fed’s preferred inflation measure. Currencies: ( JPY:USD ), ( CNY:USD ), ( AUD:USD ), ( INR:USD ), ( HKD:USD ), ( NZD:USD ). More on Asia: People's Bank of China keeps key lending rates steady for second straight month, as expected Japan’s Nov headline inflation rate rises to three-month high of 2.9%; core inflation tops forecast Bank of Japan keeps policy rate unchanged at 0.25%, as widely expected Japan's Nov export growth accelerates to three-month high, while imports unexpectedly fall China's Nov retail sales slows as stimulus impact fades; unemployment rate held steady

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El Salvador’s Bitcoin Holdings Skyrocket 133% Despite IMF Stark Warnings!

The post El Salvador’s Bitcoin Holdings Skyrocket 133% Despite IMF Stark Warnings! appeared first on Coinpedia Fintech News Amidst the multiple warnings from the International Monetary Fund (IMF) to limit its Bitcoin purchases, El Salvador, the first country to adopt Bitcoin as legal tender, shows no signs of slowing down. Recently, El Salvador’s Bitcoin Office announced the addition of $1 million worth of Bitcoin to its Strategic Bitcoin Reserve. This bold move seems to be paying off, as the country’s Bitcoin portfolio has surged by over 133%, reaching an impressive $632 million. El Salvador’s Bitcoin Holding Pays Off Big! In a recent tweet post, El Salvador’s Bitcoin Office announced that it has transferred $1 million worth of Bitcoin into the country’s strategic Bitcoin reserves. This came after reports showed a wallet linked to El Salvador had bought 11 Bitcoins, worth $1.07 million, to boost its holdings. This shows the country’s strong belief in Bitcoin as part of its financial plans. El Salvador is sticking to its goal of buying 1 Bitcoin every day to grow its reserves. President Nayib Bukele proudly shared that the country’s Bitcoin portfolio has grown by an impressive 133%, now worth $632 million. Starting with 5,966 BTC valued at $270 million, the holdings have surged as Bitcoin’s price went above $106,000. pic.twitter.com/w9FrMmCkwi — Nayib Bukele (@nayibbukele) December 16, 2024 By increasing its Bitcoin reserves, El Salvador is strengthening its place in the global crypto market and betting on even bigger gains in the future. IMF Stark Warning El Salvador’s decision to invest in Bitcoin has attracted both supporters and critics. Recently, as Bitcoin’s price dropped below $100,000, the International Monetary Fund (IMF) warned El Salvador to limit its Bitcoin investments. Stacy Herbert, the director of El Salvador’s Bitcoin office, responded on X saying that Bitcoin would stay legal tender in the country. She also mentioned that the government would continue to add more Bitcoin to its reserves. EL SALVADOR SECURES $3.5 FUNDING DEAL Bitcoin remains legal tender El Salvador will continue buying bitcoin (at possibly an accelerated pace) for its Strategic Bitcoin Reserve Bitcoin capital markets will continue to be built; for example, the recent tokenized issuance… — Stacy Herbert (@stacyherbert) December 19, 2024 El Salvador also made a $1.4 billion loan dea l with the IMF. As part of the deal, President Nayib Bukele’s government agreed to reduce some of its Bitcoin policies. The deal also made it clear that taxes would only be paid in the U.S. dollar, the country’s other official currency. Despite the IMF’s warnings, El Salvador is still sticking to its Bitcoin plan, showing its belief in the long-term potential of cryptocurrency.

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