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At Crypto Update, our goal is to further empower the crypto-trading community by sharing informed trading signals, project reviews, token tips and analysing how major developments immediately impact the cryptocurrency market.

23/07/2023

The Unprecedented Multichain Hack

In the ever-evolving world of cryptocurrencies, the recent multichain hack has taken center stage. The event, which shocked the crypto community, led to an unexpected outcome - the birth of a smart arbitrage strategy. The hack, which targeted multiple chains simultaneously, resulted in significant losses for many investors.

The recent multichain hack in the crypto world led to the creation of a smart arbitrage strategy, demonstrating the potential for innovation even in times of crisis.

22/07/2023

Understanding the London Hard Fork

Ethereum's London Hard Fork, a highly anticipated upgrade, has been successfully implemented. This upgrade, also known as EIP-1559, is a significant milestone in Ethereum's journey towards becoming a more efficient and user-friendly platform. It introduces a new transaction pricing mechanism that aims to make fees more predictable and fair.

Ethereum's London Hard Fork introduces a game-changing transaction fee model, marking a significant milestone in the network's evolution.

20/07/2023

The Incident

In a shocking turn of events, Chibi Finance, a decentralized finance (DeFi) platform, has been hit by a rugpull, resulting in the loss of over $1 million from its users. The rugpull, a term used in the crypto world to describe a type of scam where developers abandon a project and run away with investors' funds, has left the Chibi Finance community in disarray.

Over $1 million stolen from users of Chibi Finance in a recent DeFi rugpull incident.

20/07/2023

Ethereum's London Upgrade: The New Era

The Ethereum network recently underwent a significant upgrade, known as the London Hard Fork. This upgrade introduces a series of Ethereum Improvement Proposals (EIPs) aimed at enhancing the network's efficiency and competitiveness.

Ethereum's London Upgrade introduces significant changes to the network, potentially influencing the broader crypto market.

19/07/2023

BNB Token Burn: A Strategic Move

In a significant development, Binance's native blockchain, BNB Chain, has burned nearly $500 million worth of BNB tokens. This move is part of Binance's quarterly token burn process, a strategic decision aimed at reducing the supply of BNB tokens in circulation.

Binance's BNB Chain has burned nearly $500 million worth of BNB tokens, a strategic move aimed at reducing the token's supply and potentially driving up its value.

19/07/2023

Ethereum, the second-largest cryptocurrency by market capitalization, is showing early signs of a potential increase. This comes after a period of consolidation and sideways movement that has left investors and traders eagerly anticipating the next big move.

The first signs of this potential increase have been spotted in Ethereum's price action.

Ethereum is showing early signs of a potential increase, but a key resistance level stands in the way.

17/07/2023

The Call for Enhanced Crypto Regulation

In the wake of a tumultuous year for the cryptocurrency market, the Financial Stability Board (FSB) has issued a call for stricter global regulations. The FSB,an international body that monitors and makes recommendations about the global financial system, has expressed concerns about the potential risks associated with the volatile nature of

The Financial Stability Board calls for stricter global cryptocurrency regulations amid market volatility.

17/07/2023

Huobi's Revenue Boom In the second quarter of 2023, Huobi, a leading cryptocurrency exchange, saw a substantial increase in its revenue, crossing the $26 million mark. This surge in revenue is a testament to the growing popularity and acceptance of cryptocurrencies worldwide.

Huobi's Q2 revenue crosses the $26 million mark as it burns 235% more HT tokens, signaling a strong quarter for the crypto exchange.

16/07/2023

The Emergence of Europe's First Spot Bitcoin ETF

In a significant development for the cryptocurrency market, Europe is set to launch its first Spot Bitcoin Exchange-Traded Fund (ETF). This comes as a major step forward in the acceptance and legitimization of Bitcoin as a mainstream financial asset.

Europe is set to launch its first Spot Bitcoin ETF, marking a significant milestone for the cryptocurrency industry.

14/07/2023

Dogecoin Price Trends: A Perilous Dance with Support and Resistance

The price movement of Dogecoin (DOGE) against the US Dollar is currently ambiguous but exhibits a pronounced bearish trend when juxtaposed against Bitcoin (BTC). Several DOGE/BTC indicators suggest a downward momentum, necessitating a robust rebound and recovery to counter this bearish forecast.

Dogecoin's future hangs in the balance, with the 798-day resistance line being a critical determinant.

14/07/2023

Positive Ripple Effect from the Ripple-SEC Ruling

Bitcoin and other cryptocurrencies took an upward turn on Friday, following a partial victory for the digital asset industry in a keenly observed legal battle between Ripple, the issuer of the XRP token, and the U.S. Securities and Exchange Commission.

Bitcoin surges following Ripple's partial win against the SEC, providing a boost to the entire crypto market.

14/07/2023

Astonishing Surge in Large SHIB Transactions

In a surprising development, Shiba Inu's token, SHIB, has seen an explosive growth in its price, culminating in a quadrupling of large-scale transactions of the renowned cryptocurrency. Data from the blockchain analytics platform, IntoTheBlock, reveals a considerable rise in transactions valued at $100,000 or higher.

Shiba Inu's SHIB token sees a surge in large transactions as the price skyrockets.

13/07/2023

Novogratz's Prediction: A Bullish Outlook for Bitcoin

Cryptocurrency billionaire, Mike Novogratz, forecasts a substantial rise for Bitcoin by the close of 2023. In a recent Bloomberg interview, Novogratz hinted that Bitcoin's present consolidation phase, approximately within the range of $28,000 and $32,000, is likely to be a precursor to a significant uptrend.

Mike Novogratz predicts significant gains for Bitcoin by the end of 2023.

13/07/2023

The Rise of Shiba Inu's Market Capitalization

Shiba Inu (SHIB) has gained notable momentum in the digital asset market, boasting a market capitalization of over $4.4 billion. This extraordinary feat has positioned SHIB as the 18th largest cryptocurrency. Over the last month, SHIB's market capitalization has seen a considerable rise.

Shiba Inu's market capitalization ascends by $500 million, stirring discussions about an imminent price rally.

09/07/2023

Shiba Inu's Vision for a Decentralized Community

Shiba Inu's anonymous lead developer, Shytoshi Kusama, recently shared a grand vision to establish a decentralized, enduring community for the SHIB cryptocurrency. In a recent blog post titled "Long Live Shiba Inu!", Kusama shared updates on the project's progress and a roadmap for its future.

Shiba Inu's ecosystem is readying for a 'monster move' with the launch of Shibarium, aiming to establish a truly decentralized and enduring community.

07/07/2023

Shibarium's Anticipated Introduction

The eagerly anticipated Layer 2 blockchain Shibarium is set to go live following a conference in Toronto in August, according to developer Shytoshi Kusama. Layer 2 refers to off-chain systems built on top of Layer 1 protocols that are designed to ease scaling issues and data bottlenecks.

Shiba Inu's Layer 2 blockchain Shibarium set to launch in August, bolstering its position as a serious project.

07/07/2023

Unusual Outflows from Multichain Raises Alarms

Multichain, the MPC bridge platform, has seen extraordinarily large outflows, leading to fears of a potential multi-million dollar exploit targeting the platform. The alarming movement, which saw over $130 million worth of crypto being transferred out from the platform, has sparked concerns among observers and investors.

Potential multi-million dollar exploit feared as Multichain experiences unusual crypto outflows worth $130M.

05/07/2023

The Possibility of a Meme Coin Surge

Prominent cryptocurrency trader and investor, Crypto Tony, recently speculated on Twitter that a rally of meme coins may be imminent. According to his prediction, the trigger for this potential surge would be Dogecoin (DOGE) achieving a daily close above the $0.07 mark.

Meme coin rally may be on the horizon if Dogecoin crosses $0.07, speculates trader Crypto Tony.

04/07/2023

Optimistic Forecasts for Bitcoin

AJ, an analyst at BitBoy Crypto, in his most recent Bitcoin evaluation, postulated that Bitcoin (BTC) could potentially scale up to a staggering $140K during the forthcoming bull run. This bullish outlook for BTC is also backed by the notion that Bitcoin is projected to dominate the majority of the crypto market share in the near future.

BitBoy Crypto analyst anticipates Bitcoin (BTC) could hit $140K in the next bull run.

04/07/2023

Newly Instituted Export Controls

The Chinese government is set to tighten the reins on exports of raw materials extensively utilized in the fabrication of AI semiconductors. This latest move underlines China's strategic intent to consolidate its leading position in the global AI and semiconductor sector.

China heightens control over exports of raw materials used in AI chip-making, marking a strategic move to safeguard its national security interests.

03/07/2023

Choosing the perfect multicurrency account, online fund transfer service, prepaid debit card, or payment gateway can be a treasure trove of benefits but with the plethora of options, making a choice is often daunting.

But worry not! In a few minutes, we will guide you through the maze.

Skrill stands out by being a jack-of-all-trades.

Discover the ins and outs of Skrill, a versatile financial tool, and make an informed decision for your money management needs.

03/07/2023

Bitcoin Poised to Conquer $31,000 Resistance

Another week has ticked by with Bitcoin lingering on the threshold of a swift route to $36,000 and beyond. It is knocking on this resistance door for the second time, and with additional momentum fueling its efforts, Bitcoin seems ready to break the barrier.

The term "more in the tank" alludes to the fact that momentum is currently in Bitcoin's favor.

Bitcoin demonstrates strong momentum, eyeing the $31,000 resistance for a potential breakthrough.

03/07/2023

The Rise of PEPE Coin

PEPE coin commences the week with a promising start, experiencing a 10% surge within the past 24 hours amidst a broader market recovery. Currently, PEPE is leading the race among the top three meme coins, with its price poised at $0.000001637.

PEPE coin witnesses a 10% surge, leading the meme coin rally for the week.

02/07/2023

A Surge in COMP's Market Activity

Compound's native token, COMP, has witnessed a substantial boost in its value over the past week. A considerable volume of Tether (USDT) has been traded for the token, contributing to this impressive surge. COMP's value spiked over 90% in the previous week alone, with a single-day increase of 13.6% just yesterday.

Compound's native token COMP records a remarkable 90% surge amid significant whale activity.

30/06/2023

Revival in SHIB Burn Rate

In a reversal from the previous trend of staying heavily in the red, the burn rate of Shiba Inu (SHIB) has seen a dramatic increase, as revealed by data from the Shibburn explorer. Accompanying this, the price of the second largest meme coin also exhibited a minor upturn overnight.

The burn rate of Shiba Inu (SHIB) coin soars by 1,803%, while Shibarium achieves new milestones.

30/06/2023

Prospective Boost for Cardano (ADA) - Analyst's Insight

Crypto trader and analyst Dan Gambardello has speculated a potential 15% gain for Cardano (ADA) in the approaching days. In his most recent analysis, he observes Solana (SOL) as it retests a crucial resistance level of $18.83. Should the price of SOL continue its climb, Gambardello believes that ADA is likely to mirror this trend.

Analyst predicts a potential 15% surge for Cardano (ADA), contingent on the performance of Solana (SOL).

29/06/2023

Stellar’s Impressive Surge Amid Market Volatility

Stellar (XLM) has made quite the splash recently, outperforming many of its altcoin counterparts. In an unexpected twist, Stellar posted an impressive 17% uptick in value, giving both investors and crypto enthusiasts cause for anticipation.

Stellar (XLM) shines in the altcoin market with a 17% surge, attributed to scalability upgrades and positive market momentum.

29/06/2023

Paving the Path for a Blockchain Hub

Tether, a leading name in the cryptocurrency world, has recently formed a strategic partnership with the Government of Georgia. This collaboration aims to transform Georgia into a global epicenter for blockchain and peer-to-peer technology, fostering a vibrant digital asset ecosystem.

Tether collaborates with the Government of Georgia to develop a robust digital asset ecosystem.

28/06/2023

Remarkable Surge in Miners' Exchange Interaction

The vibrant realm of Bitcoin mining has recently seen an unexpected surge in activity, as Bitcoin miners have begun significantly increasing their interaction with exchanges. A record amount of Bitcoin is being sent to exchanges by miners, grabbing the attention of crypto enthusiasts worldwide.

Unprecedented activity in Bitcoin mining has seen a surge in interaction with exchanges, driving a record $128 million of daily revenue.

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