Get Ready! There's an 85% Chance BTC Hits ATH in 6 Weeks.

Is Bitcoin Poised for a New High? Analyst Sees 85% Chance in 6 Months

Get ready for a potential Bitcoin bull run! According to Lucas Outumuro, head of research at IntoTheBlock, there's an 85% chance Bitcoin could shatter its all-time high within the next six months. Buckle up, because we're diving into why.

Five Factors Fueling the Fire:

1. Halving: Coming in April 2024, this event cuts Bitcoin rewards for miners in half, potentially impacting the network's security. But history suggests a quick bounce back, ultimately bolstering Bitcoin's value.

2. ETFs: These exchange-traded funds provide new, regulated ways for investors to access Bitcoin, potentially leading to increased demand and price hikes.

3. Monetary Policy: With central banks potentially easing their grip on interest rates, investors might turn to alternative assets like Bitcoin.

4. Elections: Geopolitical uncertainties and upcoming elections could drive investors towards safe-haven assets like Bitcoin.

5. Institutional Adoption: More companies are adding Bitcoin to their treasuries, suggesting growing confidence and potentially pushing prices higher.

However, let's not get carried away. Unexpected situations like major crypto failures, activity from early Bitcoin holders, or security vulnerabilities could still trigger selling pressure.

Come and join GameStation for a LIVE AMA with PIVX

⏰ Time & Date: 18 Feb at 12:00pm UTC

🏠 Venue: GameStation Official Telegram Channel

🔊 Speakers: Hans Koning (PIVX) & Crypto Kaffy (GameStation)

🔥 Best Questions: 200 $PIVX

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The AMA will be broken down into 3 parts:

1. Find out more about PIVX

2. We’ll select questions from the community and Twitter. A User can post a maximum of 3 questions. Just Comment on the AMA tweet and Tweet your questions!

3. There will then be an Open Chat for 120 seconds. You can post a Maximum of 3 questions. The PIVX Team will select questions and answer them.

Bitcoin and Ethereum: Too Expensive to Crush? New Research Suggests They're Out of Reach for Even Nations

Remember those worries about governments crippling Bitcoin and Ethereum with 51% attacks? New research says those fears might be outdated. A report by crypto intelligence firm Coin Metrics argues that these networks are now practically immune to such attacks due to the astronomical costs involved.

What is a 51% attack?

Imagine someone controlling over half of the computing power on a blockchain like Bitcoin or Ethereum. This gives them immense power, potentially allowing them to manipulate transactions, reverse them, or even shut down the network. Scary stuff, right?

Why they're thought to be unfeasible:

• Sheer cost: Coin Metrics crunched the numbers and found that taking over 51% of either network would require billions of dollars. This hefty price tag puts it out of reach for most individual attackers, and even nation-states might find it hard to justify.

• Maintaining the attack: Even if someone bought enough power, keeping it wouldn't be easy. The networks constantly adapt and require ongoing investment, making long-term control incredibly expensive.

This research offers encouraging news for the security of these major blockchains. However, it shouldn't lull us into complacency. Staying informed and keeping security a top priority remains crucial for the future of these networks.

Beware! "Advanced" Phishing Scam Targets Crypto Users with Real ETH: Don't Get Poisoned!

Hold onto your crypto, folks! A new, devious phishing scam targeting Ethereum (ETH) users has emerged, and it's evolving fast. Cyvers security analysts have issued a strong warning, urging caution against this advanced twist on classic address poisoning.

Here's how it works:

1. Lure with Real ETH: Scammers send legitimate ETH transactions to your wallet, posing as gifts or rewards. This lowers your guard and makes you more likely to trust them.

2. Plant the Poison: They then send fake transactions (like Tether) containing a scam address disguised as your legitimate contact's address.

3. Copy & Paste Disaster: Unaware, you copy the fraudulent address for future transactions, unknowingly sending your own crypto to the scammer.

Why it's dangerous:

• Real ETH adds trust: Past scams involved fake transactions, but this uses real ETH to appear legitimate.

• Fake transactions confuse: Confusing fake transactions further mask the scam address.

• Unassuming users at risk: Anyone can fall victim, especially new or less tech-savvy users.

Remember:

• Never trust unexpected crypto: No legitimate source sends unsolicited crypto.

• Double-check ALL addresses: Manually verify every address before sending any funds.

• Use trusted platforms: Opt for established wallets and exchanges with robust security measures.

This scam highlights the continuously evolving threats in the crypto world. Stay vigilant, be cautious, and protect your hard-earned assets!

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