Coindesk

Binance and Kraken, two of the world’s largest cryptocurrency exchanges, were recently targeted in a wave of social engineering attacks similar to the one that led to a major data breach at Coinbase.Hackers approached customer support agents with bribery offers and detailed instructions for contacting attackers through Telegram, Bloomberg reports citing people familiar with the matter. Both exchanges managed to block the attempts without losing any customer data.The exchanges faced tactics mirroring those used against Coinbase (COIN), which earlier this week revealed it expects to pay $180 million to $400 million in remediation costs and customer reimbursements after attackers gained access to their personal information.That breach led to a $20 million ransom demand after the attackers managed to bribe Coinbase’s...

Bitcoin's BTC price chart is echoing a bullish pattern that foreshadowed the late 2024 price surge from $70,000 to $100,000 amid mounting concerns over the sustainability of the U.S. debt.The leading cryptocurrency by market value appears on track to confirm a "golden cross" in the coming days, according to charting platform TradingView. The pattern occurs when the 50-day simple moving average (SMA) of prices crosses above the 200-day SMA to suggest that the short-term trend is outperforming the broader trend, with the potential to evolve into a major bull run.The moving average-based golden cross has a mixed record of predicting price trends. The impending one, however, is worth noting because it's about to occur weeks after its ominous-sounding opposite, the...

Global economic tensions and regulatory developments continue to influence XRP's price action, with the digital asset showing remarkable resilience despite recent volatility. After experiencing a significant dip to $2.307 on high volume, XRP has established an upward trajectory with a series of higher lows, suggesting continued momentum as it approaches resistance levels. Technical indicators point to a potential bullish breakout, with multiple analysts highlighting critical support at $2.35-$2.40 that must hold for upward continuation.Technical Analysis HighlightsPrice experienced a 3.76% range ($2.307-$2.396) over 24 hours with a sharp sell-off at 16:00 dropping to $2.307 on high volume (77.9M).Strong support emerged at $2.32 level with buyers stepping in during high-volume periods, particularly during the 13:00-14:00 recovery.Asset established upward trajectory, forming higher lows...

Global economic tensions and shifting trade policies continue to influence cryptocurrency markets, with SUI showing particular resilience.The asset established a trading range of 4.46% between $3.70 and $3.86, finding strong volume support at the $3.755 level.A notable bullish momentum emerged with price surging 1.9% on above-average volume, establishing resistance at $3.850. The formation of higher lows throughout the latter part of the day suggests consolidation above the $3.775 support level.Technical Analysis HighlightsSUI established a 24-hour trading range of 0.165 (4.46%) between the low of 3.700 and high of 3.862.Strong volume support emerged at the 3.755 level during hours 17-18, with accumulation exceeding the 24-hour volume average by 45%.Notable bullish momentum occurred in the 20:00 hour with price surging 7.2 cents...

The cryptocurrency market continues to navigate complex global economic conditions as BNB trades within a tight consolidation range between $636-$646, according to CoinDesk Research's technical analysis data model.The token's price action shows resilience amid international trade disputes, with higher lows forming since recent dips while resistance remains firm around the $643-$645 zone. Decreasing volume volatility suggests energy buildup for a potential breakout, though direction remains uncertain as traders closely monitor both technical patterns and macroeconomic developments affecting market sentiment.Technical Analysis HighlightsBNB traded within a narrow $9.67 range (1.52%) between $636.25 and $645.92 over 24 hours.Price formed a series of higher lows since the 13:00 dip, establishing support around $638-$640.Resistance emerged near $643-$645 with notable volume spikes during recovery rallies.Closing...