Analysis Crypto by Thebittimes.Com

A savvy cryptocurrency investor has recorded a ten-fold return on an investment of approximately $318,000 through precise market monitoring. The transaction involved Solana (SOL) and the artificial intelligence-themed Act I: The AI Prophecy (ACT) in a trade conducted on Raydium, a decentralized exchange (DEX) built on the Solana blockchain. Details of the trade indicate that the investor invested 1,558 SOL ($318,000) to acquire 10.9 million ACT tokens, according to the latest data retrieved by Finbold from on-chain crypto Analysis platform Lookonchain on November 11. Picks for you El Salvador is now in $200 million profit on their Bitcoin bet 14 hours ago AI predicts Cardano price for 2025 amid Hoskinson-Trump rumors ...

Decentralized exchange aggregator Jupiter has issued a warning to users about a malicious Chrome extension called “Bull Checker” that has successfully bypassed Solana security measures and drained the wallets of several users. According to an Aug. 20 post by Jupiter’s pseudonymous founder Meow, the extension targets Solana users on Reddit and is falsely promoted as a tool to view specific meme coin holders. Bull Checker Extension Able To get Past Solana Drainer Checks Meow said the extension was able to bypass Solana simulation checks to “appear normal.” He subsequently urged his followers to immediately remove the browser add-on if they installed it.  Over the past few days, our team and mods headed by @0xSoju & @0xYankee have spent endless hours trying to find out the root cause of some attacks on Solana DeFi users. With the help of @offside_labs, @blowfishxyz & others, we have identified a malicious extension called "Bull… ht...

American-based Web3 companies and cryptocurrency exchanges could be pushed to move offshore following enforcement actions against Coinbase and Binance.US. The United States could run the risk of an exodus of major Web3 and cryptocurrency service providers as the Securities and Exchange Commission (SEC) takes action against Coinbase and Binance. Sergej Kunz, co -founder of decentralized finance (DeFi) protocol 1inch Network, believes the SEC’s enforcement action against the two centralized exchanges could have a negative effect on the growth of Web3 in the U.S. Related: SEC lawsuits against Binance and Coinbase unify the crypto industry Speaking to Cointelegraph during Money 20/20 in Amsterdam, which has long been a popular global fintech event focused on payments and financial service providers, Kunz highlighted his belief that regulatory uncertainty in the U.S. could hurt the industry: “I would say the same as Brian Armstrong. It's killing innovation in the U.S. All the compan...

Several Chinese banks have been seeking to offer services to crypto firms in Hong Kong, despite a ban on crypto on the Chinese mainland. Crypto firms setting up in Hong Kong ahead of a new licensing regime for crypto exchanges in June have reportedly found some unexpected allies in the region — Chinese state-owned banks. According to a March 27 report from Bloomberg, Chinese banks including Shanghai Pudong Development Bank, the Bank of Communications Co., and Bank of China Ltd. have either started offering banking services to crypto firms in Hong Kong or made inquiries with crypto firms, according to "people with knowledge of the matter." One source claims that a Chinese bank sales representative even visited a crypto firm's main office to pitch banking services. This is all despite an ongoing crypto ban in China. Cointelegraph reached out to Shanghai Pudong Development Bank, the Bank of Communications Co., and Bank of China Ltd for further comment, but did not receive a...