Ripple price gained traction and settled above the $0.3030 pivot level against the US dollar.The price traded close to the $0.3100 resistance level and it is currently consolidating.There is a short term ascending channel formed with support at $0.3064 on the hourly chart of the XRP/USD pair (data source from Kraken).The pair is likely to trade in a range above the $0.3030 and $0.3050 supports before a fresh increase.Ripple price moved into a positive zone with bullish moves against the US Dollar and bitcoin. XRP/USD might face a strong resistance near the $0.3100 and $0.3110 levels in the short term.Ripple Price AnalysisAfter a major decline towards the $0.2920 support, ripple price found a strong buying interest against the US Dollar. The XRP/USD pair started a solid upward move and broke the $0.2980 and $0.3000 resistance levels. There was even a close above the $0.3000 barrier and the 100 hourly simple moving average. Later, buyers gained traction and pushed the price above the $0.3065 and $0.3080 resistance levels. The price traded close to the $0.3100 resistance level and formed a high at $0.3099.At the moment, the price is consolidating gains above the $0.3065 support level. The 23.6% Fib retracement level of the last wave from the $0.2955 swing low to $0.3099 high is also near $0.3065. There is also a short term ascending channel formed with support at $0.3064 on the hourly chart of the XRP/USD pair. If there is a downside break below the channel support, the price may test the next key support near the $0.3030 level.The 50% Fib retracement level of the last wave from the $0.2955 swing low to $0.3099 high is also near the $0.3030 level. Besides, the 100 hourly simple moving average is also positioned near the $0.3030 support area. Overall, the price is trading nicely above the $0.3065 and $0.3030 support levels. In the short term, there could be range moves above the $0.3065 and $0.3030 supports before buyer’s stage for a fresh increase.Looking at the chart, ripple price is clearly trading nicely with a bullish bias above $0.3030. On the upside, the main resistance is near the $0.3100 level. Above this, the price is likely to face a strong selling interest near the $0.3115 level. A proper close above the $0.3115 barrier is likely to open the doors for more gains towards the $0.3200 level.Technical IndicatorsHourly MACD – The MACD for XRP/USD is about to move back in the bullish zone.Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently well above the 50 level, with a positive bias.Major Support Levels – $0.3065, $0.3030 and $0.3010.Major Resistance Levels – $0.3095, $0.3100 and $0.3115.
Archives for March 27, 2019
ETH price started a solid upward move and traded above the $138 resistance against the US Dollar.The price tested the $140 resistance and it seems like there could be more gains.There is an ascending channel in place with support at $138 on the hourly chart of ETH/USD (data feed via Kraken).The pair is likely to accelerate higher once there is a clear break above the $140 resistance level.Ethereum price is following a convincing bullish path against the US Dollar and bitcoin. ETH is likely to pump above the $140 resistance area in the coming sessions.Ethereum Price AnalysisAfter a major drop, ETH price found support near the $130 area against the US Dollar. The ETH/USD pair started a solid recovery and broke the $134 and $135 resistance levels. Later, there was a close above the $135 barrier and the 100 hourly simple moving average. There were slow and steady gains above the $137 and $138 levels. The price even traded above the $139 level recently and tested the $140 resistance level. A swing high was formed near $140 and the price is currently consolidating gains.An initial support is near the $138 level. It coincides with the 23.6% Fib retracement level of the recent wave from the $133 swing low to $140 high. There is also an ascending channel in place with support at $138 on the hourly chart of ETH/USD. Therefore, the price is likely to follow a solid bullish path as long as it is above the $138 support. If there is a downside break below the channel support, the price may test the $136 support area.The 50% Fib retracement level of the recent wave from the $133 swing low to $140 high is also near the $136 level. Finally, the next support is near the $135 level and the 100 hourly simple moving average. On the upside, an initial resistance is near the $140 level, representing a crucial barrier for buyers. If there is an upside break above the $140 resistance, there could be heavy gains in the coming sessions.Looking at the chart, ETH price seems to be following a nice uptrend above the $138 and $136 support levels. Once there is a break above the $140 barrier, the price is likely to test the $144-145 resistance area. On the downside, if there is a break below the $138 support, buyers are likely to take a stand near the $136 level.ETH Technical IndicatorsHourly MACD – The MACD for ETH/USD is about to move back in the bullish zone.Hourly RSI – The RSI for ETH/USD is currently correcting lower from the 70 level.Major Support Level – $136Major Resistance Level – $140
Believe it or not, there are more ways to anticipate the future market value of bitcoin than through practicing technical analysis or by observing network activity developments.
While valuable in their own right, thanks to researchers Willy Woo and David Puell, several new experimental bitcoin valuation metrics were released in February that combine the two fields to create a more holistic view of bitcoin’s market.
Sample sizes are small in the cryptocurrency markets, with the oldest, bitcoin, having existed just 10 years, but two of the newly released metrics termed “Top Cap” and Delta Cap” have shown to be effective at identifying the tops and bottoms of bitcoin’s wild market cycles thus far.
Proposed by Puell, the metric that successfully caught both bear market bottoms in 2011 and 2015, and that is known as the Delta Cap, is calculated as follows:
Delta cap = Realized cap – Average cap
Average cap = “cumulative sum of daily market cap values / age of the market in days.”
Realized cap = “UTXOs are aggregated and assigned a price based on the BTCUSD market price at the time when said UTXOs last moved”
Resembling a long-term moving average that is touted for offering price support and resistance, the delta cap has shown to have the same effect by providing price support at roughly $2.50, the bottom in 2011, and $176, the bottom in 2015.
As can be seen above, delta cap is making a case for bitcoin having bottomed out once again, a point made evident by the fact that its price bounced off of the metric during its drop to $3,200 at the end of 2018,
Indeed, delta cap may be pointing to bitcoin’s market leaving its bearish trend, but there could be more nuance to the situation than first meets the eye.
Bitcoin has only ever bottomed out and escaped one of its infamous bear markets after the delta cap and average caps have collided with eachother, or came very close to it, as can be seen in both 2011 and 2015.
At the time of writing, delta cap is about $1,600 higher than the average cap, theoretically suggesting bitcoin’s price will either have to wait for the average cap to rise and meet the delta cap, or the delta cap will need to fall to meet the average cap by way of more significant market depreciation before a true bottom can form.
Proposed by Woo in collaboration with Puell, top cap aims to achieve the opposite of the delta cap, in that is has been experimentally configured to pinpoint the tops of bitcoin’s explosive bull markets.
Top cap = Average cap * 35
According to Woobull.com, the multiple of 35 was found to pinpoint bitcoin historical tops.
As can be seen, the metric also resembles a moving average and effectively provided resistance at $35 in 2011, $237 in 2013 and once again at around $1,000 in the same year, all of which were precise market tops followed by significant, albeit temporary depreciation.
Most recently, bitcoin’s price came in contact with the top cap when its market reached peak euphoria and an all-time high near $20,000 in 2018. At the time of writing, bitcoin’s price is still roughly 80 percent below the all-time high.
Putting it all together
When both delta and top cap are plotted on the same chart, a “valuation Bollinger band” is created as Woo puts it, where the two metrics create the anticipated boundaries of bitcoin’s market movement.
Currently located at $48,724, the top cap paints a rosy picture for the future of bitcoin if it indeed endures another boisterous bull market, although the creator Woo thinks $90,000 is a better estimate “at a minimum on the early trajectory” for bitcoin’s next significant market top.
Disclosure: The author holds several cryptocurrencies, please see Sam’s author profile here for more information.
Another major cryptocurrency exchange has gone dark, and bitcoin traders once again fear that it is using “maintenance” to cover up a crippling hack.
This time, the medal goes to CoinBene, one of the largest cryptocurrency exchanges according to CoinMarketCap.com. Per self-reported data, the platform enjoys over $780 million in daily trades through assorted cryptocurrencies including bitcoin, bitcoin cash, litecoin, and monero.
Somebody doubt CoinBene was attacked by hacker recently because our maintenance.
We CoinBene are so sorry that made everyone worried for this problem.
Truth is 👇 pic.twitter.com/2P8Ulwjj6C
— CoinBene Global (@CoinBene) March 27, 2019
Is CoinBene Trying to Cover a Hack?
When services were down, and users began noticing extended delays while withdrawing and depositing funds, they instantly feared the worst. Thoughts that the company had somehow been exploited or potentially compromised by a cyberattack caused many to reach out for help, though executives initially claimed that the slow service was the result of “maintenance.”
In an official announcement, the exchange told its customers:
User assets on the CoinBene platform are 100 percent secure. Our platform promises that if any user assets will be lost, we will compensate 100 percent [sic]. […] The CoinBene security team monitors any anomalies at all times and will issue a warning the first time to prevent any possible risks.
Unfortunately, this news isn’t swaying everyone, as analysts are alleging the company has incurred losses of nearly $45 million due to a possible malicious attack. Some are suggesting that roughly $6 million was stolen in CoinBene Coin, while $39 million was stolen in Maximine Coin. The funds are also alleged to have been dumped on the market.
Deposits and withdrawals are suspended.
— Nick Schteringard (@schteringard) March 26, 2019
Hacks Are as Common as Maintenance
If this is an example of a cryptocurrency exchange hiding behind a general maintenance facade, we can probably assume it won’t be the last. Other moments that come to mind include one surrounding Cryptopia, a New Zealand exchange that recently reported an unknown, but “significant” amount of crypto losses thanks to a cyberattack. The company went offline for several days, citing “maintenance” as the reason why. News later came of the hack and of the police investigation that was underway.
— Cryptopia Exchange (@Cryptopia_NZ) January 15, 2019
We’re also reminded of QuadrigaCX. The Canadian exchange was recently marred by news of the sudden death of its founder Gerald Cotten in India. Another story hit home when it was announced that $145 million was ultimately missing from clients’ accounts, as Cotten was the only executive with access to account information. In January of this year, acting CEO Aaron Matthews announced that he was working to reimburse customers’ money as quickly as possible.
Two weeks later, the site went dark for “maintenance” issues. At that time, funds still had not been paid back. QuadrigaCX later filed for creditor protection and garnered 30-day protection from lawsuits with the help of a Canadian court.
Bitcoin, according to one economist, is the fastest and highest rising asset of all time, thanks in part to its speculative nature, near endless potential, and to the built-in difficulty adjustment that throws off supply and demand balance which in turn increases Bitcoin price.
Bitcoin has once again been able to reclaim its position above $4,000 after briefly dipping into the $3,900 region earlier this week. Today’s move places BTC back into its previously established trading range between approximately $4,000 and $4,100.Although today’s upwards move is certainly positive, the cryptocurrency has still been unable to surge past $4,100, which will likely continue to be a level of resistance for the foreseeable future.Bitcoin (BTC) Breaks Back Above $4,000 At the time of writing, Bitcoin is trading up nearly 2.5% at its current price of $4,065. Today’s upwards price surge has allowed the general crypto markets to surge, with EOS skyrocketing over 15%, and Litecoin climbing nearly 5%.Although the persisting bear market – which has been dubbed the “crypto winter” by analysts and traders – is likely far from over, it is important to note that BTC has been able to stay well above its 2018 lows in the low-$3,000, which may signal that this region is a long-term bottom.Mati Greenspan, the senior market analyst at eToro, spoke to MarketWatch about the current state of the markets, offering a cautiously bullish tone about what he expects to come next for the nascent markets.“We can’t go from [crypto] winter to summer in a few days, probably not even in a few weeks. Spring is generally a time of volatility where hot and cold often surprise us. Though bitcoin has yet to snap the bear market, I do believe that crypto winter is now over and we are entering spring,” Greenspan explained.Although the latest move up may give bulls a small reason to be excited, in late-February Bitcoin swiftly pushed up to $4,200 before spiraling downwards, which signaled that this price is a strong resistance level.After Holding Support, BTC May Be Ready to Push HigherToday’s positive price action may be a glimpse of what’s coming in the near future.UB, a popular cryptocurrency trader on Twitter, explained in a recent tweet that he is looking to enter a BTC long position after it revisits its equilibrium (EQ) level in the mid-$3,900 region, which could spark another upwards push towards $4,140.“$BTC – The Range Low held as support for 7 days before it failed. Bitcoin reclaimed the Range Low in 1 day without running into any resistance at the RL. I’m interested in entering into a long position on a retest of the EQ + POC. Areas of Interest: – $4140 – $3950,” he explained.$BTC – The Range Low held as support for 7 days before it failed.Bitcoin reclaimed the Range Low in 1 day without running into any resistance at the RL.I’m interested in entering into a long position on a retest of the EQ + POC.Areas of Interest:– $4140
– $3950#Bitcoin pic.twitter.com/UxaV4iqoZB— UB (@CryptoUB) March 27, 2019As the crypto markets enter the second half of the week, analysts and traders alike will discover whether or not BTC will once again get caught in its previous trading range between $4,000 and $4,100, or if it will climb higher and establish fresh trading ranges.Featured image from Shutterstock.
The cryptocurrency sector may still be in a bearish phase, but the state-sponsored North Korean hacking group Lazarus remains absurdly bullish on the bitcoin industry – at least if its continued focus on the sector is anything to go by.
For Lazarus, Crypto Exchanges are the Geese that lay Golden Eggs
Per cybersecurity firm Kaspersky Lab, both Mac and Windows OS users remain vulnerable to the group’s ongoing hacking effort. Lazarus is understood to have launched the operation in November last year.
For this effort, the hacking group has created custom PowerShell scripts which communicate with malicious command & control (C2) servers and run commands initiated by the operator. The names of the C2 server script names are made to look like WordPress files or other open source projects.
Once control of the server is gained, the malware can collect basic information on the host. The malware is also able to download and upload files as well as execute system shell commands among other things.
The Kaspersky Lab report further states that Lazarus is only hosting malware on rented servers. Compromised servers are used to host the command & control scripts. For some reason, Lazarus is disproportionately focused on North Korea’s geopolitical rival, South Korea.
As cryptocurrency exchanges are top of the list among the North Korean hacking group’s targets, Kaspersky Lab has urged vigilance:
“If you’re part of the booming cryptocurrency or technological startup industry, exercise extra caution when dealing with new third parties or installing software on your systems.”
North Korea Uses Bitcoin to Evade Sanctions
According to a report by a United Nations Security Council panel of experts, the cybercrime activities carried out by North Korea are mainly to obtain funds as a way of circumventing the various economic sanctions imposed on the hermit state:
“The Panel notes a trend in the Democratic People’s Republic of Korea’s evasion of financial sanctions of using cyberattacks to illegally force the transfer of funds from financial institutions and cryptocurrency exchanges.”
The UN report indicated that North Korean hackers were responsible for stealing more than $0.5 billion from cryptocurrency exchanges.
UN report links North Korean hackers to theft of $571 million from cryptocurrency exchanges https://t.co/IzcEjcA1Fk
— CyberScoop (@CyberScoopNews) March 16, 2019
Threat intelligence and anti-fraud solutions firm Group IB has stated that Lazarus is responsible for the hacking of Japanese crypto exchange Coincheck last year in January. Group IB estimates that between 2017 and 2018 Lazarus stole nearly $600 million.
North Korea is ‘Pro-Crypto’ – But Not for the Reason You Are
Per the UN Security Council panel, Lazarus’ targeting of cryptocurrency exchanges is no accident. This is because the pseudonymous nature of blockchain makes it difficult to pinpoint blame on North Korea. Additionally, cryptocurrencies are mostly free from government oversight:
“[C]yberattacks involving cryptocurrencies provide the Democratic People’s Republic of Korea with more ways to evade sanctions given that they are harder to trace, can be laundered many times and are independent from government regulation.”
A gang of extortionists demanding Bitcoin for the release of hostages have been arrested by local authorities in Pakistan. The family of the victim had already paid the suspects over US$17,500 of the more than $140,000 demanded.The case is believed to be the first of its kind in Pakistan, leading authorities to fear that it could inspire others. However, since Bitcoin uses an entirely public ledger with zero additional privacy-enhancing features found in cryptos such as Monero, the choice of payment method seems a curious one for criminals.Seven Arrested in Connection with Pakistan Bitcoin Ransom RacketOne of those arrested late last week in Lahore, Pakistan, was the deputy commissioner of the city’s telephone operator. Mazhar Abbas was apprehended by authorities on Saturday whilst attending a ceremony with the deputy commissioner.Interestingly, two of the other suspects were police constables. According to local news publication Dawn, Mohsin Abbas and Mohammad Arif had even served as guards to a high court judge.Presumably taking care of the payment side of things, Mohammad Tahir of Lahore and Sheikh Abdul Rauf of Faisalabad are reported to be Bitcoin traders.The gang is suspected of kidnapping a local information technology teacher. Release of Prof Shahid Naseer depended on his family giving up over $140,000 in Bitcoin. As a student of his, Faisal Yousuf – the sixth member arrested – provides the connection between the gang and Naseer.According to Rashid Hidayat, a representative of the local police, Naseer has now been returned to his family. He went on to state that Yousuf was believed to be the ringleader of the operation. The suspects had rented a car and using Abbas’s connections to the deputy commissioner, had replaced its number plates with government ones. This allowed them to abduct Naseer and take him to Sheikhupura where he was kept until his eventual release.In a police report documenting the crime, the authorities state that this is the first known example of kidnappers demanding ransom for the release of a victim using Bitcoin as payment method. The document goes on to express concern that other groups might be inspired by the extortion efforts of the gang.Finally, Hidayat added that it was thanks to the work of three teams of police specialists that the suspected culprits were tracked down – presumably, by following the money already paid by Naseer’s family to the gang. It seems likely, given the non-private nature of the payment method opted for, that Tahir and Rauf were first to be identified by authorities based on their known involvement with Bitcoin and crypto.Bitcoin Still Not Great for Crime!Although it may well be the first example from Pakistan, the kidnap of Naseer is by no means the first time a ransom has been demanded in Bitcoin. NewsBTC has reported on many such cases previously, with numerous resulting in arrests.Unless committed by computer scientists, blockchain forensics often leads to the BTC kidnappers’ arrests.However, Bitcoin really isn’t that great for criminals. Being an entirely public ledger, blockchain analysis is getting remarkably good at identifying the owners of Bitcoin wallets. Usually, this involves following a Bitcoin payment to the point it is converted to fiat currency and using more traditional investigative techniques, attempting to identify the owners of each wallet BTC passed through on its way to an exchange or similar centralised service through their each’s actions and interactions both online and in the real world.Whilst Bitcoin is certainly more suitable for ransom payments than American Express or MasterCard, it is no match for the king of criminal money – paper fiat. Related Reading: Crypto and Bitcoin Ransom: A Rapidly Growing TrendFeatured Images from Shutterstock.
New York resident Patrick McDonnell AKA “Jason Flack” was arrested and charged with nine counts of wire fraud in a Brooklyn court on Tuesday. McDonnell allegedly convinced others to “invest” in cryptocurrency through Facebook and Twitter, stealing the money for his own use and providing false balance statements in return.
Scammer Ran Facebook & Twitter Crypto Scam from Staten Island Home
McDonnel was fined $1 million last year and represented himself in court, claiming to be unable to afford a lawyer despite the court strongly urging him to seek counsel.
He was fined and banned from trading after claiming in June that his company site had been hacked and investor funds lost. It emerged that the company, portrayed as a relatively large operation, consisted solely of the defendant and was run from his Staten Island home.
Patrick K McDonnell – used his company CabbageTech and Coindropmarkets to trick people into giving him money to trade for him, but Pat stole the money, closed down the websites, and pretended he got hacked.
— Uncle Yak (@Yakherders) January 22, 2018
United States Attorney Richard Donoghue stated a case against the defendant in no uncertain terms.
“As alleged, the defendant defrauded investors by making false promises and sending them fraudulent balance statements, hiding the fact that he was stealing their money for his personal use. The defendant’s fraud ends now, he will be held responsible for his criminal conduct.”
Bizarre ‘CabbageTech’ Scam Raked in $250,000 from Victims
The dubiously-named CabbageTech company was the entity the defendant solicited his investments with. USPIS Special Agent-In-Charge Bartlett briefly described the process in taking the suspect down.
“The defendant, Patrick K. McDonnell, used smoke and mirrors to allegedly dupe investors into paying his company—CabbageTech, for advice and strategies on crypto-currency trading. However, Postal Inspectors and their federal law enforcement partners unmasked McDonnell and his scheme to defraud investors, and brought him to justice for his alleged criminal actions.”
McDonnell fraudulently described himself as an experienced crypto trader, promising expert advice and offering to purchase and trade cryptocurrency on behalf of his clients. The service was modeled after that of a stockbroker – McDonnell would take a fee in exchange for taking client capital and generating profits for them.
However, he reportedly took not only his fee but the full capital sum. Starting in May 2016 through CabbageTech Corp AKA Coin Drop Markets, he simply stole the money sent to him without ever investing it for clients. He sent fake balance statements showing that the clients had earned profits to keep them from requesting their money back too soon. Whenever someone asked for a refund, he would delay for a while and then stop responding.
The Surprising Impact CabbageTech Had on Bitcoin Regulation
McDonnell stole a sizeable sum of money over the years. From ten separate victims, he took $194,000 in USD as well as 4.41 bitcoins, 206 litecoins, 620 ethereum classic tokens, and 1,342,634 verge tokens, all of which amounts to over $250,000 even in today’s bear market. If convicted, McDonnell could face up to 20 years in prison.
Notably, the scheme was instrumental in the CFTC’s successful push to classify bitcoin as a commodity. Last August, U.S. District Judge Jack Weinstein ruled that CabbageTech and McDonnell flouted the Commodity Exchange Act by engaging in “egregious intentional violations” of federal regulations and law.
I’m still laughing that CabbageTech is what lead to a definition of cryptocurrencies as commodities.
Life is truly poetic if you know where to look.
— Bryce Weiner (@BryceWeiner) March 8, 2018
The fully digital and nascent nature of the crypto markets has made exchanges major targets of nefarious actors, and news of exchanges being hacked has plagued the markets since their early days, starting with the notorious Mt. Gox hack that sent shockwaves through the entire crypto industry.As of late, there seems to be a growing trend of smaller and less well-known crypto exchanges falling victim to devastating hacks, with DragonEx being the latest victim. Now, CoinBene is the latest exchange that has been rumored to be hacked, although the platform is continuing to deny the rumors.Has CoinBene Fallen Victim to Hackers?Rumors surrounding CoinBene potentially being hacked first surfaced yesterday when the exchange responded to a user who claimed in a tweet that a deposit he initiated had been stuck in pending for over an hour, which led him to believe that the exchange was hacked.CoinBene quickly responded to this user, explaining that they had put wallets under maintenance in order to upgrade the platform, which had an effect on deposits and withdraws.“In order to enhance the user experience, CoinBene upgraded the platform wallet on March 26, 2019. During maintenance, it will affect related operations such as deposit and withdraw, trading will not be affected,” the exchange explained.In order to enhance the user experience, CoinBene upgraded the platform wallet on March 26, 2019.
During maintenance, it will affect related operations such as deposit and withdraw, trading will not be affected.— CoinBene Global (@CoinBene) March 26, 2019Shortly after this tweet was made, speculation regarding the state of the exchange surfaced, with Nick Schteringard, a reporter at Russian crypto media site Forklog, noting that there was some strange activity on multiple user’s Ethereum wallets.“Some strange activity spotted on #Coinbene. Users report that #ETH wallets were hacked and attach these two addresses,” he explained, referencing two wallet addresses that reportedly had signs of suspicious trading activity.Some strange activity spotted on #Coinbene. Users report that #ETH wallets were hacked and attach these two addresses. https://t.co/f5NxvfscSC https://t.co/S1WnwI8CUx #bitcoin #exchange— Nick Schteringard (@schteringard) March 26, 2019CoinBene Denies Rumors, Claims Wallet Upgrade Was in Response to Other Crypto Exchanges Being Hacked In a notice today, the crypto platform explained that their sudden and unexpected wallet upgrade was not the response to an attack on their platform, but as rather a precautionary action taken in response to the news of other exchanges being hacked.They added that “assets on the CoinBene platform are 100% secure,” and promised that they will fully compensate any users who may lose any funds in the future.#Announcement ‼
Somebody doubt CoinBene was attacked by hacker recently because our maintenance.
We CoinBene are so sorry that made everyone worried for this problem.
Truth is 👇 pic.twitter.com/2P8Ulwjj6C— CoinBene Global (@CoinBene) March 27, 2019Although there is little conclusive evidence that CoinBene was hacked, their lack of communication regarding wallet maintenance, and their somewhat incoherent responses to the rumors certainly gives reason for concern.This, combined with yesterday’s news regarding the Singapore-based cryptocurrency exchange DragonEx being hacked, brings to the surface an important question: why would investors use small platforms to trade crypto?Although hacks are a threat to all cryptocurrency exchanges, regardless of their size, the larger and more reputable platforms tend to utilize better security features – including cold storage solutions – which reduces the risk investors take by leaving their crypto holdings in wallets on the platform.Featured image from Shutterstock.