BTC updated yearly high: $27,000
The banking crisis that is shaking the United States does not seem to be having a negative impact on the cryptocurrency markets. On the contrary, the latter are doing quite well, following the example of BTC, which hit a new high of $27,000 on March 17. This is the highest peak in the last 9 months. All the turmoil caused by the decisions of the US authorities to contain the banking crisis has calmed several specialists. Bitcoin's performance gave hope that the current uptrend is likely to continue. Many investors have come to view cryptocurrencies as a safe haven for their investments.
The situation with USDC has stabilized
The situation with USDC (USD Coin) has stabilized after the recent disturbing news about the company behind this cryptocurrency. As you know, last month the financial services provider, which owns the majority of the dollar reserves used to support the USDC, was investigated by US government agencies.
However, recent reports show that the USDC situation is calming down as most of the dollar reserves have moved to other service providers. In addition, the founder of Circle, which supports USDC along with Coinbase, stated that they have enough reserves to fully support the cryptocurrency.
USDC is one of the most popular cryptocurrencies backed by dollar reserves. Its stabilization may reassure users and investors who feared that the potential collapse of the service provider company could lead to the loss of their investment.
More and more traders choose TUSD
The popularity of TrueUSD (TUSD) stablecoin has grown recently after problems with USDC, another popular USD-pegged stablecoin, became known. Recently, the media reported that the central bank of USDC, Circle, is facing liquidity problems and a decrease in the amount of dollar reserves that underpin this stablecoin. In this regard, there were fears that the USDC could lose its stability and reliability.
In response to these concerns, many cryptocurrency users have begun switching to other stablecoins such as TrueUSD, which is also pegged to the US dollar at a 1:1 ratio. Unlike USDC, TrueUSD has no ties to Circle and has a more decentralized structure, making it more resilient to centralization risk and liquidity issues.
In addition, TrueUSD representatives note that their stablecoin provides more transparent reports on dollar reserves, which makes it more attractive to users. While USDC remains one of the most popular stablecoins in the cryptocurrency market, the increasing popularity of TrueUSD could lead to an increase in its market share and competition between various stablecoins in general.
Vulnerability in 280 Blockchains
Cybersecurity company Halborn has announced the discovery of a new vulnerability in 280 blockchains, dubbed "Rab13s". The vulnerability allows attackers to conduct "double-spend" attacks, which can lead to stolen cryptocurrency tokens, as well as leakage of users' personal information.
The Halborn team reported the vulnerability on their blog, where they shared technical details and examples of attacks. The company also revealed that it has already warned blockchain developers so they can take steps to protect users. "Rab13s" is a serious threat to many cryptocurrency projects and users, and developers should take immediate action to fix the vulnerability. In addition, cryptocurrency users should be careful and monitor their transactions in order not to fall victim to an attack.
Coingecko report on the top 30 crypto exchanges
Coingecko, one of the most popular sources of information about cryptocurrencies and blockchain, has published its quarterly report, which ranks the largest cryptocurrency exchanges according to various criteria. The report looked at 30 of the largest crypto exchanges, including platforms such as Binance, Coinbase, Kraken, and Bitfinex. The report covers many aspects of exchanges such as trading volumes, liquidity, security and transparency. Among the main conclusions of the report, one can note an increase in trading volumes on most exchanges, an improvement in the level of security and transparency of work.
In addition, the report showed that most cryptocurrency exchanges continue to improve their services and functionality in order to attract more users. Many of them have also begun to expand into new markets and offer new services such as futures, options, and decentralized finance (DeFi). This Coingecko report is an essential tool for investors and traders who want to evaluate cryptocurrency exchanges before investing in cryptocurrencies. It also helps exchanges improve their services and maintain a high level of transparency and security.
Shapella update in Ethereum will take place on April 12
The largest blockchain platform, Ethereum, has announced the upcoming Shapella update, which is scheduled for April 12th. The Shapella update will include several important changes, including improved efficiency of smart contracts, reduced time to create new blocks, and increased network security.
One of the major changes that will be implemented as part of the Shapella update is the introduction of a new Ethereum block mining algorithm called EIP-1559. This algorithm will change the way transaction fees are determined, which will help reduce transaction confirmation wait times and reduce transaction fee costs. In addition, the Shapella update also includes improvements to smart contracts that will help improve the efficiency and reliability of smart contracts on the Ethereum network.
The Shapella update is an important step in the development of Ethereum and will improve the performance and security of the network. This may also lead to an increase in investor and developer interest in this platform, which may ultimately increase the price of the Ethereum cryptocurrency.
Hacker Euler Finance returned funds to one victim
One of the victims who was hit by the Euler Finance hacker earlier this month approached him with a request to return the stolen funds in the amount of 78 ETH. Surprisingly, the hacker responded to the victim's request and sent her even more than she asked for. Instead of 78 ETH, Euler Finance sent 100 ETH. After that, the hacker began to receive a large number of messages asking him to return the funds. The hacker himself has already laundered funds through Tornado Cash.
ChatGPT-4 bought $100 worth of cryptocurrencies
OpenAI is one of the largest AI companies and its models, such as ChatGPT-4, are considered among the most advanced in the world. The other day, Cointelegraph asked ChatGPT-4 to put together a $100 crypto portfolio for making quick money based on the latest news. As a result, ChatGPT-4 presented the following recommendation: BTC — $50, ETH — $25, ATOM — $15, MANA — $6 and LINK — $4.
According to ChatGPT-4, Bitcoin has been and remains the main cryptocurrency for long-term investments. ETH in the future has every chance to grow further after the upcoming Shanghai update. ATOM looks attractive to investors due to the launch of the promising Cosmo Interchain Security project. ChatGPT-4 predicts Decentraland and Chainlink will both grow due to the growing interest in virtual worlds, NFTs and the spread of Web3.
