Welcome to our latest crypto roundup, where we dive into the most compelling news shaping the digital asset landscape. From market predictions to critical security updates and industry shifts, it’s been another dynamic period for the blockchain world.
Market Movements and Bold Predictions
The market continues to keep investors on their toes. BitMex co-founder Arthur Hayes anticipates Bitcoin will consolidate until year-end but projects an astonishing surge to $200,000 by March. Meanwhile, Ethereum shows resilience, maintaining sustainability above a key neckline support, while XRP navigates a steady downtrend within a falling wedge pattern since July.
Security Front and Emerging Threats
Security remains a paramount concern. Cardano founder Charles Hoskinson highlighted the existence of post-quantum cryptography but noted its current limitations for blockchains without dedicated hardware support. On a darker note, Kaspersky has identified “Stealka,” a new malware disguised as game mods and pirated software, actively stealing crypto wallets, passwords, and browser data. Addressing such threats, NEXUS has partnered with CertiK to significantly bolster the security and compliance of its CROSS platform.
Industry Shifts and Regulatory Spotlight
The crypto gaming sector has seen significant closures this year, with promising titles like Deadrop and Nyan Heroes among those shutting down. In corporate news, Northern Data, majority-owned by Tether, sold its Bitcoin mining operations to businesses reportedly controlled by Tether executives. On the regulatory front, lawmakers, led by Republican Mike Carey, are pushing back against current IRS rules, arguing they unfairly penalize stakers with administrative burdens and potential over-taxation of unrealized gains.
This period underscores the ongoing evolution of the crypto space, characterized by both groundbreaking advancements and persistent challenges.