Altcoin News Daily Official TheBitTimes.com

Bitcoin (BTC) is showing signs of approaching a significant low, presenting a potential buying opportunity for investors and traders. Recent price movements indicate a gradual rounding off from its recent peaks, reflecting a slow but steady decline in market enthusiasm and buying pressure.  This trend suggests that a major low could be imminent, which savvy investors might leverage to their advantage. Trading expert Alan Santana projected on June 26 that Bitcoin could soon test several key support levels. Currently, Bitcoin is hovering around the $62,473.33 mark, which corresponds to the 0.618 Fibonacci retracement level—a historically strong support during downtrends.  Picks for you Robert Kiyosaki reveals why he won’t invest in Bitcoin ETFs 19 mins ago ...

Attacks on Poloniex, HTX, Heco bridge, KyberSwap, and Kronos Research earned hackers $290 million, with a week to go until November 2023 closes. As of Nov. 23, crypto hackers reportedly stole a combined $290 million from five major heists where at least $10 million was illegally ferried from each protocol. The platforms affected included three Justin Sun-related entities: HTX, Heco Bridge, and Poloniex, according to Lookonchain. Is November Hacker Month? In just 20 days, 5 major hacks occurred, with funds exceeding $290M. pic.twitter.com/e5rTf0apFD — Lookonchain (@lookonchain) November 23, 2023 Exploits on HTX and Heco occurred on Nov. 22, the second most recent attack at press time. Hackers siphoned over $13 million and $86 million, according to an alert from Cyvers, a blockchain monitoring service.  You might also like: Justin Sun’s cryptocurrency venture loses over $100m in recent hack HTX crypto exchange, rebranded from Huobi, previously lost some 5,000 Ethe...

Hong Kong, determined to reclaim its fintech crown and rival Singapore, is poised to become a thriving crypto hub by considering the inclusion of retail investors in cryptocurrency trading. The city-state is reportedly giving a nudge to major banks, urging them to hop on the bandwagon and embrace crypto exchanges as clients after announcing a clear regulatory framework that aims to encourage innovation. The Financial Times reported on Thursday that the lenders include HSBC, Standard Chartered and Bank of China. In a recent meeting, the Hong Kong Monetary Authority, the city’s banking regulator, questioned lenders about their hesitancy in accepting crypto exchanges as clients, the report said. In a letter to the banks, the HKMA advised them that conducting due diligence on prospective customers should not place excessive burdens, especially for those establishing offices in the city to explore opportunities. An HKMA spokesperson confirmed to Blockworks that it has provided guidanc...