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Showing posts with the label losses

Crypto trader instantly loses $450,000 in minutes

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A cryptocurrency trader’s bet on the newly created ANT by Claude (ANT) meme coin ended in capitulation, with the investor losing close to $500,000 in less than an hour. The transaction involving Solana (SOL) was recorded on the Raydium automated market maker (AMM) platform, specifically on the ANT/SOL trading pair.  In this transaction, the trader spent 3,396 SOL, roughly $587,000, to acquire 14.7 million ANT tokens. Picks for you Gold is outperforming Bitcoin and elevated risk assets 29 mins ago Forget gold and silver; This metal is set for highest close of the year 2 hours ago Orbs’ Liquidity Hub comes to QuickSwap ...

BNB Smart Chain scam losses dropped 75% in Q3: Report

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Security firm HashDit says the lower amount lost to scams on BSC could be due to an uptrend in security products addressing the threat. Scams facilitated on BNB Smart Chain (BSC) decreased from $55.4 million in the second quarter of 2023 to $13.6 million in the third quarter, according to an AvengerDAO report contributed to by security firm HashDit. This represents a 75% drop in the amount lost to scams. According to the security firm’s Analysis , the drop can be attributed to various factors, including an increase in overall awareness among community members, an uptrend in security products flagging malicious websites and activities, and community members identifying scams early and giving warnings before the scammers can succeed. Amount lost to BSC scams in 2023. Source: HashDit Despite the drop, rug pulls represented 67% of total losses on the blockchain in the third quarter. According to HashDit, this remains BSC’s most common attack vector. With rug pulls, maliciously acting pr...

Bitcoin fails to recoup post-Fed losses as $20K BTC price returns to radar

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Bitcoin is a bargain for some at current levels, but downside BTC price predictions remain firmly on the agenda. Bitcoin (BTC) circled lower after the Sep. 21 Wall Street open as $20,000 BTC price predictions resurfaced. BTC/USD 1-hour chart. Source: TradingView Bitcoin analysis: Hype, FOMO and a "slow grind" to $28,500 Data from Cointelegraph Markets Pro and TradingView covered a lackluster 24 hours for BTC price action, with $27,000 fading from view. The aftermath of the United States Federal Reserve interest rates pause offered little for Bitcoin bulls, BTC/USD having dipped almost $700 the day prior. Now, market participants returned to a more conservative outlook in the absence of tangible volatility. “Something like this over the course of October would be perfect i would say,” popular trader Crypto Tony told X subscribers. “Slow grind up to $28,500, followed by hype and FOMO, to then dump it once more.” BTC/USD annotated chart. Source: Crypto Tony/X Monitoring resou...

Tracking profits and losses on crypto trades just got easier

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When traders are crunching the numbers and figuring out the profit and loss from a crypto trade — are they factoring in fees? A new crypto calculator can help. All-in-one crypto trading solution TradeSanta has just unveiled its new crypto profit calculator to help users calculate fees, profits and losses before they open a trade. In a fast-moving market, keeping on top of your financial position isn’t easy. Just recently, Bitcoin (BTC) posted a fat green candle after Grayscale won a lawsuit against United States regulators. Bitcoin’s valuation spiked following the Grayscale lawsuit. Source: Cointelegraph A court ruled that the U.S. Securities and Exchange Commission was wrong to reject the digital asset manager’s application for an exchange-traded fund — with BTC/USD accelerating by $1,700 in just 30 minutes. Of course, volatility is a two-way street. Bitcoin has also suffered sharp falls, especially during thin weekend trading. When the markets are erratic, traders often need to reac...