Cryptocurrency News Today TheBitTimes.com

Paradigm-backed network Blast addressed skepticism surrounding its blockchain model following a swift rise to over $300 million in market cap and promises of a token airdrop. Blast Bridge, an L2 network on Ethereum, pushed back on security concerns espoused by some in the crypto community due to the protocol’s smart contract architecture which safeguards assets using a multi-sig nature build. There are often misunderstandings when it comes to security. Security exists on a spectrum (nothing is 100% secure ) and it's nuanced with many dimensions. There's smart contract security, browser security, physical security. Each dimension has separate attack vectors. — Blast (@Blast_L2) November 24, 2023 On Nov. 24 via an X thread, the project said no contract code security is completely airtight and that each smart contract design has its associated vulnerability. Blast pointed to other layer-2 blockchains like Arbitrum and Polygon that use multi-sig wallets to hold funds,...

As the geopolitical situation around the world tenses up, the markets respond, including the cryptocurrency sector, with its representative asset, Bitcoin (BTC), leading the bearish sentiment as it has lost nearly 3% this week, but hope for another rally remains. Specifically, the realized price indicator for BTC warm supply has suggested that Bitcoin needed to secure a sustained close above $28,233 in order to “reignite” the bull run, according to the observations shared by cryptocurrency trading expert Ali Martinez in an X post on October 12. Bitcoin price action technical analysis. Source: Ali Martinez/Glassnode It is worth noting that realized price refers to the average price weighted by the supply of what the crypto market participants paid for their digital assets, whereas ‘warm supply’ refers to the less active component of short-term holder supply. In this case, the warm supply realized price of the maiden cryptocurrency stands at $28,233, suggesting that this is the ...