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Uphold, the multi-asset crypto trading platform, is reportedly seeking a potential sale to a payments firm with $1.5 billion target. Besides this, the New York-headquartered firm is also considering the Initial Public Offering (IPO) amid the bullish momentum. The firm has reportedly hired FT Partners – according to the Block – to consider both the
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Pi Network remains in a price-discovery phase after its recent mainnet launch. After initially rising to $2.98 on February 28, the token has crashed to $1.8, mirroring the price action of other altcoins. Pi coin’s future is still uncertain, but the odds are that it will perform as other altcoins do, where it follows Bitcoin’s price action. This article explores how high the value of Pi will get if Bitcoin price hits $200k.
Bitcoin price has done well since its inception in 2009. In this period, it has jumped from less than $1 to $90,000 today. With its fundamentals improving, there are chances that it will surge to $200,000 over time. It needs to rise by 122% to get to that level, an achievable scenario since it has risen by 220% since September 2023.
These fundamentals are the rising demand and falling supply. Bitcoin demand has jumped in the past few years, as evidenced by the growing assets in spot ETFs These funds have added over $40 billion in about 15 months, and the trend will continue.
BTC demand will rise if the US successfully launches Strategic Bitcoin Reserves. Such a move will likely push more countries and companies to acquire Bitcoins for their reserves. This demand is rising at a time when Bitcoin mining difficulty has jumped, making them rare.
A Bitcoin price surge to $200K would lead to more gains among altcoins, including Pi Network, which has become a highly popular coin. Historically, altcoins like Solana, Cardano, and Litecoin thrive when Bitcoin price rises.
Pi Network would likely outperform Bitcoin if it surged to $200,000 because of the potential catalysts. First, there is a likelihood that Pi coin will receive numerous exchange listings like Binance, Coinbase, and Upbit. Such a move would make it available to millions of customers. In most cases, cryptocurrencies do well when they are listed by tier-1 exchanges.
Second, there is a likelihood that one or more companies will file for a spot Pi ETF, a move that would boost its price. Also, as a Made in USA cryptocurrency with substantial utility, there is a likelihood that it will be added in strategic crypto reserves.
Bitcoin trades at $90,000, meaning that it needs to rise by 122% to get to $200,000. If Pi Network price does the same, it means that it will get to almost $4. And since Pi coin will likely have more gains than Bitcoin, meaning that a jump to $5 is a possibility. In the long-term, there is a likelihood that Pi coin price will hit $100.
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The post Trojan Malware Hits Crypto Wallets: What MetaMask, Coinbase and Other Users Need to Know appeared first on Coinpedia Fintech News
Microsoft has issued a warning about a new Trojan malware, StilachiRAT, which targets cryptocurrency wallet extensions on the Google Chrome browser. Discovered by Microsoft’s Incident Response team in November 2024, StilachiRAT is capable of stealing sensitive information, such as stored browser credentials, digital wallet data, clipboard content, and system details.
The malware affects 20 different crypto wallet extensions, including Bitget Wallet, Trust Wallet, TronLink, MetaMask, TokenPocket, BNB Chain Wallet, OKX Wallet, Sui Wallet, Braavos – Starknet Wallet, Coinbase Wallet, Leap Cosmos Wallet, Manta Wallet, Keplr, Phantom, Compass Wallet for Sei, Math Wallet, Fractal Wallet, Station Wallet, ConfluxPortal, and Plug. While the malware has not yet been widely distributed, it poses a serious threat due to its stealthy methods of operation.
What Users Should Do
If you use crypto wallet extensions on Google Chrome, it’s crucial to be cautious. Microsoft recommends checking your browser plugins, clearing your browser history, and running antivirus scans. Users should also avoid downloading any suspicious files and ensure they are taking the necessary steps to secure their wallets.
How StilachiRAT Works
StilachiRAT uses various techniques to avoid detection and persist within the target system. One of the malware’s components, WWStartupCtrl64.dll, is responsible for gathering sensitive information, such as credentials stored in browsers and crypto wallets, making it a serious threat for anyone using these wallet extensions.
Microsoft has not yet identified the creators or origin of StilachiRAT, but has shared the findings as part of its ongoing efforts to monitor and address emerging cyber threats.
Protection Measures
Microsoft is providing mitigation guidance to help reduce the impact of StilachiRAT. The malware can be delivered through various vectors, so it is important to implement security measures to prevent compromise.
The post Trojan Malware Hits Crypto Wallets: What MetaMask, Coinbase and Other Users Need to Know appeared first on Coinpedia Fintech News
Microsoft has issued a warning about a new Trojan malware, StilachiRAT, which targets cryptocurrency wallet extensions on the Google Chrome browser. Discovered by Microsoft’s Incident Response team in November 2024, StilachiRAT is capable of stealing sensitive information, such as stored browser credentials, digital wallet data, clipboard content, and system details. The malware affects 20 different …
According to US President Donald Trump’s executive order on March 6, today marks the deadline for the US Treasury Secretary to deliver an assessment on a Strategic Bitcoin Reserve. As mandated by Trump, the valuation is expected to outline a comprehensive plan for establishing and managing a Strategic BTC Reserve, leveraging seized assets. This move could mark a significant development within the Bitcoin market, with the BTC price poised for a major rally.
As a landmark decision on monetary policy from the Federal Reserve draws near, the community is bracing for a historic financial strategy that could establish the US as the global ‘crypto capital.’ This article studies US Treasury Secretary Scott Bessent’s potential submission of the Bitcoin Reserve report and its implications for the crypto market.
Reportedly, US Treasury Secretary’s upcoming report on a Strategic BTC Reserve is expected to provide critical insights into its legal and investment aspects. The valuation will likely assess suitable accounts for asset custody and management, while also determining if any legislative adjustments are needed to facilitate the project’s success. The report will also determine the feasibility and implications of increasing the US government’s Bitcoin holdings on its financial strategies.
Significantly, Scott Bessent’s Bitcoin reserve report could have far-reaching implications on the global crypto market, potentially reshaping the financial landscape. The US Treasury report is expected to have a global impact, prompting governments worldwide to reassess and potentially reshape their financial policies. This move could also spark a global competition among central banks to acquire and hold Bitcoin, potentially reshaping the digital asset landscape.
By setting a precedent for integrating cryptocurrencies into national financial strategies, the BTC reserve report’s outcome could establish a framework for other countries to follow. Ultimately, the report’s insights will inform future policy decisions on digital asset management and investment, guiding the US government’s approach to Bitcoin and other cryptocurrencies.
Moreover, the US government’s potential policy shift could have other implications, like halting auctions of seized Bitcoin. Instead, the country would boost its BTC accumulation through over-the-counter purchases or strategic mining partnerships. As abovementioned, all these could significantly influence the BTC price. Recently, Scott Bessent addressed Bitcoin as a “store of value,” following which the BTC price had a notable increase.
As of press time, Bitcoin is valued at $94,104, down by 1.38%. Despite a 1.22% dip over the past week, the crypto saw a 12.8% surge over the past month. Amid anticipations of the US Treasury Secretary’s Bitcoin reserve report, the market exhibits a positive sentiment, evidenced by the 40% surge in 24-hour trading volume.
As experts anticipate, Bitcoin is poised to surge past the significant $100k and reach a new all-time high of $120K and above following the US’ establishment of a BTC reserve. Expert Merlijn The Trader projected BTC price’s major rally to $120, citing historical trends and current positive sentiment. At the same time, analyst BitBull predicted Bitcoin’s target of $130 as it currently retests the breakout zone.
The post Strategic Bitcoin Reserve Deadline Today: BTC Price To Hit New ATH Soon? appeared first on CoinGape.