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Cryptocurrencies Price Prediction: Ethereum, DeFi, KuCoin – European Wrap 11 November

Cryptocurrencies Price Prediction: Ethereum, DeFi, KuCoin – European Wrap 11 November
FXStreet TeamFXStreet TeamFXStreet

Unannounced hard fork on Ethereum blockchain causes troubles for cryptocurrency industry

Sudden technical issues of Ethereum infrastructure provider Infura spooked the cryptocurrency community on Wednesday. Numerous trading platforms and wallet service providers, including Binance and MetaMask, were forced to suspend ETH deposits and withdrawals, citing price updates. Read more...

Hackers steal nearly $100 million from the DeFi sector since the start of the year

Hacker's activity in the DeFi space has been gaining traction since the start of the year. According to the recent CipherTrace report, the losses due to hacks, theft and fraud amounted to $99 million. Read more...

DeFi sector loses $100 million to hackers in 2020

KuCoin on track to reopen all operations after recovering 84% of the $280 million hack

The Asia-based cryptocurrency exchange KuCoin managed to recover 84% of the funds lost in the massive hack incident on September 25. The co-founder and the CEO of the exchange, Jonny Lyu, confirmed on his Twitter account that on-chain tracking, contract upgrade, and judicial recovery allowed to recover of about $235 million out of $280 million stolen by the hackers. Read more...

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FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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Crypto Today: Bitcoin at $60,000, Ethereum at $1,500, and XRP at $1 face a make-or-break test

Crypto Today: Bitcoin at $60,000, Ethereum at $1,500, and XRP at $1 face a make-or-break test

Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are trading in the red on Friday after three consecutive days of losses, testing their respective make-or-break support levels.

Bitcoin Weekly Forecast: BTC hits 20-month low, will the pain continue?

Bitcoin Weekly Forecast: BTC hits 20-month low, will the pain continue?

Bitcoin recovers slightly, trading at $66,000 on Friday after reaching a new yearly low of $58,115 earlier this week, its lowest level since October 2024. Institutional selling intensified as spot ETFs recorded $1.35 billion in net outflows through Thursday.

XRP clings to $1 as long liquidations deepen bearish trend

XRP clings to $1 as long liquidations deepen bearish trend

Ripple trades near the key psychological support level of $1 at the time of writing on Friday after losing more than 8% so far this week. CoinGlass liquidation data shows that over 97% XRP long positions were wiped out over the past 24 hours.

Pi Network Price Forecast: Minor recovery amid market crash fuels short-term hope

Pi Network Price Forecast: Minor recovery amid market crash fuels short-term hope

Pi Network price records a mild 3% recovery at press time on Friday, shaping a rebound from a broken descending trendline. The declining trend in trading volume has stabilized around $10 million this week, supporting the possibility of an extended recovery as selling pressure wanes.

Bitcoin: BTC hits 20-month low, will the pain continue?

Bitcoin: BTC hits 20-month low, will the pain continue?

Bitcoin (BTC) recovers slightly, trading at $66,000 on Friday after reaching a new yearly low of $58,115 earlier this week, its lowest level since October 2024. Institutional selling intensified as spot Exchange Traded Funds (ETFs) recorded $1.35 billion in net outflows through Thursday.