LATEST CRYPTO NEWS! BITCOIN HOLDERS: DON’T BE FOOLED! Bitcoin & Ethereum Huge News!
Alright, buckle up, because I’m about to take you on a wild ride through the crypto cosmos, where the stakes are high, the players are eager, and the game is ever-changing. Imagine we’re sitting down with our favorite drinks, and I’m about to spill the tea on what’s been happening in the world of cryptocurrency. It’s a tale of caution, resurgence, and a hint of mystery, all wrapped up in the digital currency blanket.
So, let’s start with the comeback kids, our retail investors. Picture this: after a rollercoaster year in 2022, with crypto exchanges folding faster than a bad poker hand, these brave souls are tiptoeing back into the crypto scene. It’s like watching someone trying to get back on a bike after a nasty fall; they’re determined but oh-so-careful. Bitcoin, the king of crypto, decided to put on a show by soaring nearly 70% in the last quarter of 2023. The crypto market, sensing the excitement, began to buzz with activity, signaling the return of the small retail investors. But here’s the kicker: these folks, once bitten and now twice shy, are moving at a snail’s pace compared to the frenzy of 2021. They’ve got their eyes wide open this time, having learned their lesson the hard way, according to a Bloomberg report.
Now, let’s add a dash of hope to our story with a sprinkle of venture capital magic. For the first time in a year and a half, VC funding in crypto and blockchain startups saw a little uptick, a modest 2.5% increase in Q4 2023. It’s like the first green shoot after a long winter, signaling perhaps, just maybe, the start of a new season for crypto innovation.
But wait, there’s more! Retail traders, those fearless navigators of the crypto sea, are itching to catch the bull market wave. Coinbase, the crypto exchange giant, saw its net revenue from customer transactions jump by 60% in the fourth quarter of 2023 compared to the year before. It’s like everyone suddenly remembered the password to their crypto wallets at the same time. The trading volume on Coinbase was up by a whopping 164% in Q4 2023, leaving institutional trading volume, which grew by 92%, in its digital dust.
Robinhood Markets, not wanting to be left out of the party, reported crypto notional volumes skyrocketing by 242% in December. It seems like Bitcoin crossing the $50,000 mark and the buzz around Bitcoin halving (a kind of crypto New Year’s Eve where mining rewards are halved) has everyone talking and trading with renewed vigor.
But here’s where the plot thickens: despite the surge in trading and the launch of Bitcoin ETFs in the U.S., Google searches for ‘Bitcoin’ have slipped back to the shadows, hinting that retail investors are playing it cool, not wanting to dive headfirst into potentially choppy waters.
Now, for a twist in our tale: the crypto world was rocked by a heist straight out of a digital-age thriller. Fixed Float, a coin mixer and decentralized exchange, was hit by a cunning crypto hacker, leading to a staggering loss of around $26 million in Bitcoin and Ethereum. The hacker, with the stealth of a cat burglar, transferred most of the stolen Ethereum faster than you can say “blockchain.” The saga unfolded on X, with users reporting frozen transactions and vanishing funds, turning the crypto community on its head.
As the dust settles, Fixed Float is left picking up the pieces, promising to track down the source of the exploit while their website hangs a “technical maintenance” sign on its digital door.
So, there you have it, my friend, a tale of resilience, caution, and a touch of digital intrigue in the ever-evolving world of cryptocurrency. It’s a world where fortunes can be made or lost in the blink of an eye, and where every player, big or small, learns that in the crypto market, the only constant is change.
Hello crypto enthusiasts I am coming to you today with some important news that I really think you should know about and if you haven’t already subscribe drop a comment and let me know what you think about the upcoming news that I have for you today all right so let’s start off
With the first one that I have is that the retail investors are actually starting to get back into crypto because VC funding is going up for the first time and one in a half years it’s really really good so Bitcoin prices jumped around 70% in the fourth quarter of 2023
That means December uh and of course that market is completely rebounding and going up so uh this means that a lot of the small retail investors are actually starting to uh get into the market altogether uh but retail investors lost a lot of money in 2022 when the market
Actually plummeted uh and now they’re moving a little bit more slowly and cautiously uh compared to the bull market in 2021 uh this is all according to Bloomberg oh get that out of the way all right and Retail Traders want to be a part of this bull market Hines that
The coinbase has actually seeing the net revenue uh Jump Around uh 60% in transactions uh during December 2023 especially compared to the third quarter in 2023 uh which increased around 80% which is massive now because of this volume uh now coinbase was up 164% back in December uh of
2023 uh and compared to again the third quarter so uh this growth in retail trading volume actually uh outpa some of the in the in institutional trading volume by around 92% in December as well so of course coinbase actually made up a bigger piece of the trading volume
Uh that’s 19% in December compared to 14% in the third quarter um but it’s still below around 28 to 40% % range uh that was recorded during the last bull market Robin hord markets also seen something kind of similar uh The Jump by 2 42% uh in December and that’s compared
To a year ago uh of course after bitcoin price crossed around 50,000 Mark for the first time uh in around two years uh and Bitcoin is actually starting with a having but Bitcoin having miners rewards are slashed in half which is going to give more retail engagement and growth
Uh this is all coming from the CFO Alisia H and they told Bloomberg this quote as the crypto market cap and trading volumes go up retail trading goes up as well everyone wants to be a part of the bull market now Coan a Trader at ARA uh an Institutional asset
Management firm also said that there are signs that retail audience is starting to get back into the market but not nearly to the extent of the last bull market right so uh the crypto and blockchain startups actually jumped up or took a hold of around $1.9 billion
From 326 deals in back in December uh made that really first growth in crypto funding in a year and a half but some negative news surrounding large cryptos like binance and FTX and bare markets uh saw some venture capital and crypto drying uh a lot actually over the last
Year and a half and of course you had a lot of bankruptcies like FTX and binance $4.3 billion plea deal actually kind of shook everything up as well all right and a crypto hacker transferred stolen ethereum after $26 million in Bitcoin and ethereum exploit so what we have here is that um of
Course fixed float this is a coin mixer and well a crypto exchange has fallen victim to the scam uh and the hacker was actually very fast in getting the transfer in most of the stolen ethereum now that was 409 Bitcoins that’s 21.6 17 Milli 1,728 ethereum around $4.8
Million uh just vanished from the platform but most of the stolen ethereum funds were transferred to an exchange on ethereum Via the hacker and according to a post by PEC Shield alert uh there actually hasn’t been any update on what happened to the Bitcoin funds uh PEC
Shield alert here he goes was hacked resulting in 1,728 ethereum and 4009 Bitcoin and of course the drainer already transferred most to the St in ethereum to an exchange on the ethereum pick uh all right now the details uh actually popped up first on Twitter or x uh with numerous users reporting some
Frozen transactions and some missing funds now the news of the Bitcoin ethereum exploit uh in the hack was actually confirmed by fix float and after a few hours fix floats released that statement um actually showing the severity of the situation describing it as theft of funds in according to the
Update that was last given that the source of the exploit um that they’re investigating it uh now they do give a update on the investigation uh and we are not yet ready to make public comments on this matter as we’re working to eliminate all possible vulnerabilities improve
Security and investigate and here you go like hello we confirmed that there was indeed a hack of the theft of funds we are not ready to make public comments on this matter as we are working to eliminate all possible vulnerabilities improve security and investigate our service will be available again soon uh
Now of course the exchange is assuring users of the update anding that there it will be available soon and the user that the user alleged that the move could have been initiated by the hacker but the exchange actually said that it was part of their verification process and
Tried justifying the act by noting that they need the private key details to verify Monero XMR uh transactions on the platform but users kept doubting the platform’s intentions following the $26 million Fiasco let me know in the comments sections what do you think about this situation uh with with the hack $26
Million is a lot where do you think it’s going to go what do you think should you be more careful with which projects are coming out let me know in the comments below and I will see you again next time