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El Salvador’s position as the fourth-largest crypto ATM hub was short-lived as Australia stepped up its game over the following months. El Salvador, the first country to legalize Bitcoin (BTC), has been pushed down yet another spot in total crypto ATM installations as Australia records 216 ATMs stepping into the year 2023. As part of El Salvador’s drive to establish Bitcoin as a legal tender, President Nayib Bukele had decided to install over 200 crypto ATMs across the country. While this move made El Salvador the third largest crypto ATM hub at the time after the United States and Canada in September 2021, Spain and Australia overtook the Central American country’s ATM count in 2022. On October 2022, Cointelegraph reported that Spain became the third-largest crypto ATM hub after installing 215 crypto ATMs. However, Spain continued its installation drive and is home to 226 crypto ATMs at the time of writing. El Salvador’s position as the fourth-largest crypto ATM hub was short-live...

Join Our Telegram channel to stay up to date on breaking news coverage Investors in the cryptocurrency industry are finding ways to stay afloat against the backdrop of the 2022 crypto winter. The last 12 months were shaped by dramatic events that have largely made the crypto market unsellable, especially to institutional investors. As the year fades into the sunset, investors may be interested in new altcoins like Dash 2 Trade, which have the potential to rally as they have not been affected by the many uncertainties in the market. Dash 2 Trade Presale Raises $10.36 Million Dash 2 Trade presale is soon ending, with only seven days left. Investors have been scooping up D2T like hot cake amid predictions that the token would perform well following its listing on exchanges in Q1 2023. Several centralized exchanges (CEXs) have committed to listing D2T on their platforms, with the first coming up on January 11. Interested investors must hurry before the presale closes, possib...

Adobe Stock / Andrea Izzotti Despite macroeconomic factors and FTX contagion fears, the crypto market has remained relatively unperturbed lately, with bitcoin confined in a tight range of $16k to $18k. But even as the market continues this consolidation phase, whales are stockpiling certain coins in preparation for the next bull run. "Calm waters do not last long in bitcoin, so be prepared for a sharp move here shortly," a recent report from Blockware noted. Whether the next market move is up or down depends largely on macroecnomic factors, but as the whales know, it's important to prepare for either eventuality by investing in promising projects at a discount before they hit the market and using sound risk management with assets already on the market. Here are a few coins with strong fundamentals that crypto whales seem to be accumulating in the lead up to 2023 based on the rapid rate of investment in their presales: FGHT, D2T, CCHG, RIA, and TARO. ...

Data negates the possibility of liquidators behind the fund transfers due to the use of mixing tools and extensive planning to hide transaction paths. 30 cryptocurrency wallets linked to Alameda Research, the bankrupt sister company of crypto exchange FTX, became active on Dec. 28 following four weeks of inactivity. These wallets swapped and mixed over $1.7 million worth of crypto assets through various crypto-mixing services. Crypto mixers are often used by market exploiters and criminals to obscure the transaction path so that the funds cannot be traced to the original source. As Cointelegraph reported on Dec. 28, the sudden movement of funds from Alameda wallets just days after Sam Bankman Fried was released on bail raised suspicions across the crypto community. Nearly 24 hours later, it seems the culprit behind these fund transfers used extensive planning to hide transaction routes. According to data shared by the crypto forensic group Arkham, the first transfer of funds began ...

Browser-based cryptocurrency mining has made a comeback, allowing casual miners to earn rewards. Once assumed to be extinct until its unlikely return in the latter part of 2017, browser-based cryptocurrency mining dates back to 2011 when BitcoinPlus.com launched its then-innovative service. Of course, back when Bitcoin was fairly new and mining was cheap, the idea of using a website to do the work for miners was quite popular. Thanks to a surge in the cryptocurrency market circa 2017, browser-based cryptocurrency mining has made a resurgence in certain circles today. The technology’s evolution is also due in part to the advent of blockchain-based coins that are mineable with easy-to-use JavaScript application programming interfaces (APIs) and home hardware. However, the accessibility has also ushered in a slew of malicious browser-based mining services into the fold. The foundation of cryptocurrencies, built on blockchain technology, is to safeguard financial transactions by embedding...

The Nigerian security agency, the Department of State Services (DSS), has reportedly instructed its operatives to arrest the Central Bank of Nigeria governor Godwin Emefiele as soon as he is seen in public. The DSS is still seeking to apprehend Emefiele despite losing its bid to have a Nigerian court sanction the arrest. Nigerian Court Refuses to Back Arrest Plot As the controversy surrounding the failed arrest of Central Bank of Nigeria (CBN) governor Godwin Emefiele continues to hog the limelight, a new report by Sahara Reporters said operatives from Nigeria’s Department of State Services (DSS) have an order to “arrest him on sight.” In addition, the report, which relies on the testimony of unnamed sources, said operatives are also monitoring movements at the CBN headquarters as well as at the Emefiele family residence in Lagos. As explained in the report, the DSS’ unconfirmed plan to arrest Emefiele, who was part of Muhammadu Buhari’s entourage to the US-Africa Leaders...

On December 27, Bitcoin price prediction stays neutral during the Asian session as BTC is maintaining a narrow range of $16,800 to $17000. Similarly, Ethereum has stayed relatively stable at $1,223. The global crypto market cap gained 0.14% to $813.38 billion in the previous day, as major cryptocurrencies traded in the green early on December 27.  The entire cryptocurrency market volume in the last 24 hours is $22.05 billion, a 0.30 percent fall. DeFi's total volume is currently $1.67 billion, accounting for 7.57 percent of the overall crypto market 24-hour volume.  The overall volume of all stablecoins is now $20.10 billion, accounting for 91.14% of the total 24-hour volume of the crypto market. Extreme Winter Lowers Texas Bitcoin Hash-Rate On Christmas Eve in Texas, Bitcoin's total hash rate dropped to 170 exahash per second (EH/s), which hurt the world's largest cryptocurrency. Bitcoin miners cut their hash power due to harsh winter weather. By Sunday...

Cryptocurrencies went from being a highly debated topic of concern to a subject that intrigued many. Albeit the increased mishaps in the ecosystem this year, the masses continued to search for details pertaining to their favorite crypto. Meme coins, Shiba Inu [SHIB], and Dogecoin [DOGE] have been quite popular considering their following. However, in a new turn of events, none of these meme coins topped the list of the most searched crypto asset in 2022. 2021 was the year of meme coins. Considering the plummet in the price of Bitcoin [BTC], several speculated that the hype around meme coins would persist in 2022 as well. However, the community seems to have stuck to the world’s largest crypto asset. Source Bitcoin [BTC] As seen in the above list curated by DollarGeek, Bitcoin emerged as the most searched crypto. With a whopping 28,410,000 global monthly searches, BTC proved to be a community favorite. 4,570,000 monthly searches were derived from the United States alone. ...

The host of Mad Money, Jim Cramer, says he would not touch crypto in a million years. He called investors who own various altcoins idiots and urged the U.S. Securities and Exchange Commission (SEC) to do “a big sweep” on the crypto industry. Jim Cramer’s Crypto Warnings The host of CNBC’s Mad Money show, Jim Cramer, has issued more warnings about cryptocurrency. Cramer is a former hedge fund manager who co-founded Thestreet.com, a financial news and literacy website. He said on CNBC Friday: I would not touch crypto in a million years because I wouldn’t trust the deposit bank. He was then asked whether he is making a distinction between centralized and decentralized platforms. “They fought regulation. They didn’t want regulation and you don’t have regulation,” Cramer replied, indicating that he does not trust any platforms that do not want regulation. The Mad Money host continued: I’m just saying you are using a lot of blind fai...

Hackers have stolen over $2.5 billion through vulnerabilities on cross-chain bridges in the past two years. Security has been a critical challenge for decentralized finance (DeFi) and its evolution. Between 2020 and 2022, hackers stole over $2.5 billion through vulnerabilities on cross- Chain bridges, Token Terminal data shows. Compared to other security breaches, this is a substantial amount. Issues with bridges have a root cause: All of them have an "inherent vulnerability," Theo Gauthier, founder and CEO of Toposware, told Cointelegraph. According to Gauthier, no matter how secure a bridge is on its own, it is "entirely reliant on the security of the chains it connects," meaning that any breach or bug within one of the two bridged chains makes the overall bridge vulnerable. Briefly, bridges are used to connect different blockchains and aim to address the lack of standards between protocols. Interoperability between blockchains is considered to be a critical goa...

With 2022 coming to a close, crypto investors can now use Accointing’s crypto tax software to calculate their net tax for all transactions from this year. While 2022 has been a year to forget for most crypto investors, the daunting task of filing crypto tax returns before the end of December remains. Many investors worry about unrealized losses on their crypto portfolio, while a failure to report crypto assets and transactions on tax returns could land North American investors into hot water with the IRS. To aid in filing your crypto taxes, cryptocurrency portfolio tracking and tax platform Accointing by Glassnode offers an easy solution to instantly import and review all crypto transactions and fill your crypto taxes in just a couple of clicks. What is more, its tax loss harvesting tool helps investors minimize what they owe in taxes. How to optimize your crypto tax return? Most crypto assets, especially cryptocurrencies like Bitcoin, have seen significant price erosion in 2022. Some...