Altcoins are competing with Bitcoin for market dominance. The Bitcoin ban in several countries have placed a chink in its ...

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Dogecoin has been on a downtrend for more than six months now. The meme coin which found favor in the eyes of investors had been able to rally to new highs but has been unable to replicate this success. Nevertheless, this has not been a deterrent for investors who continue to pour money into the digital asset. Most notable have been the whales as they accumulate massive amounts of Doge through its downtrend. Dogecoin Whales Not Giving Up Dogecoin is a long way from its $0.7 all-time high but that does not mean that investors believe that the digital asset is done for. In fact, Dogecoin whales themselves look to be the biggest believers of the meme coin given how much they have bought recently. These whales which hold the majority supply of the digital asset continue to add to their holdings at what can only be described as ‘discount prices.’ Related Reading | Bitcoin Jumps To $40k As Putin Sees “Positive Movement” In Negotiations IntoTheBlock documents cryptocurrencies and what percentages are held by larger wallets. Data from the site shows that Dogecoin whales have been ramping up their buying during the recent downtrend. Dogecoin which had recently crumbled to the $0.11 point saw a significant uptick in trading volume as these large wallets went on a shopping spree. DOGE trading at $0.115 | Source: DOGEUSD on TradingView.com Over a 24-hour time frame, these wallets had raised their holdings by another 6.8% putting the current percentage of Doge held by whales at 66%. It is a significant uptick given the low momentum that has rocked the altcoin of late. Doge has lost more than 60% of its all-time high value, presenting a buying opportunity for those interested. Still Making Money Even at what is categorized as low prices given how high the meme coin had rallied last year, the majority of Dogecoin holders are in no way losing money. IntoTheBlock shows that 54% of all Doge holders are still in profit at current prices. Inversely, 45% of all holders are in the loss territory, so not much of a wide gap from their money-making counterparts. While only 1% remain in the neutral territory. Related Reading | Bitcoin Falls Below $40,000 Trimming The Gains From US Crypto Order As for market sentiment, indicators point to investors being mostly bearish in the digital asset. However, this does not seem to deter the meme coin’s whales as they have added millions of dollars worth of coins to their holdings. This move on the part of whales could point to a recovery trend in the near future. However, with so many investors still bearish, it may require higher accumulation numbers than currently recorded to move the needle that much. Featured image from Laptop Mag, chart from TradingView.com

Cathie Wood has defended the investment portfolio of Ark Invest. Her recent sentiments come from a major sell-off recorded across the technological financial sector. Tech [...]

Cyber-attacks keep increasing and evolving but, regardless of the degree of complexity used by hackers to gain access, get a foothold, cloak their malware, execute their payload or exfiltrate data, their attack will begin with reconnaissance. They will do their utmost to uncover exposed assets and probe their target's attack surface for gaps that can be used as entry points. So, the first line

The OpenSea CEO Devin Finzer believes the NFT exploits actually happened due to a phishing attack and it was likely not connected to the OpenSea website so let’s read furhter in today’s latest cryptocurrency news. OpenSea says it is investigating the rumors of an exploit that occurred on the popular ETH NFT marketplace over the […]

The blockchain-based SaaS data integrity platform Authrail, has announced the creation of an invitation-only community, to benefit from acquiring AUT tokens at much lower prices. AUT, the Authrail native tokens, will be available at market prices for the public that will later participate in the public Crowdsale. These events can be very exclusive, and hard [...]

The post Authtrail Launches Community Round for Distribution of 30 Million AUT Tokens by Invitation-Only appeared first on Blockonomi.

Scams and scandals are a dime a dozen in the crypto industry. Every morning as I open my crypto newspaper (aka Twitter), I’m almost guaranteed to find at least one piece of news relating to hacks, rug pulls, phishing attacks, wash-trading, compromised wallets, etc., across the crypto-verse. However, this is expected as most blockchains, cryptocurrencies, […]

The post NFT Scams: How to Avoid them and Keep SAFE! appeared first on Coin Bureau.

Despite price challenges and a surge in regulations around Bitcoin mining, the BTC hash rate is making new records every week. In January 2022, the mean hash rate breached the level of 183 Exahash,...

A reported vulnerability on the NFT Marketplace OpenSea means a user may have made profits in the hundreds of Ether. Here’s what you need to know. Don’t ape this PeckShield Alert shared the details of a “front-end issue” on OpenSea, one which allegedly let an exploiter earn at least around 332 Ether. It appears that […]

An API issue on popular NFT marketplaces OpenSea and Rarible has led to NFT collectors incurring massive losses on their prized Bored Apes and Cool Cats.

On Thursday evening around 10 p.m. (EST), the price of bitcoin fell beneath the $40K zone for the first time since September 21, 2021. During Friday’s early morning trading sessions, bitcoin plunged to a low of $38,250 per coin. Furthermore, the market capitalization of the entire crypto-economy has slipped under the $2 trillion mark, down […]