Bitcoin is predicted new lows. ETF on Ethereum will be approved no earlier than May. Experts have found critical vulnerabilities in crypto ATMs. In Trust Wallet, you can stake ETH with minimal investments

Bitcoin may drop to $20,000 before a new high  

  

The first cryptocurrency is waiting for months of struggle, during which the rate may fall to $30,000. Chris Berniske, an investor and partner in the venture capital cryptocurrency company Placeholder, shared such a forecast. He also expects new lows for Bitcoin at $20,000 before the next growth spurt.  

  

After the fall of the first cryptocurrency, altcoins will also rush down. According to the analyst, most tokens will fall in percentage terms more than Bitcoin.  

  

Former CEO of BitMEX exchange Arthur Hayes also mentioned the decline of BTC. According to him, the coin will fall in price by 20-30% in March 2024 from whatever mark it reaches by then. After March 20, the cryptocurrency will start rising again. It is on that day that the U.S. Federal Reserve will release its key rate forecast.  

  

As of January 29, 2024, the Bitcoin rate is at $42,473.  

CommEX changes the rules: now, anyone can publish ads on the P2P platform  

  

Crypto exchange CommEX has allowed all customers to publish ads on its P2P platform. This feature became available on January 25.  

  

Previously, only users with high trading volume (merchants) could post ads, while others could only view them and buy crypto.  

  

To publish a P2P offer on CommEX, you need to confirm your reliability and meet the exchange’s security requirements:  

  

• Pass verification;  
• Activate two-factor authentication;  
• Connect a Telegram bot;  
• Complete at least 20 transactions with more than 10 unique trading partners;  
• Have at least 80% of executed orders for the last 30 days.  

  

Merchants retain privileges: a special badge distinguishing them from other users and the ability to quickly resolve issues with the support team.  

  

Since the beginning of 2023, the total value of successful P2P transactions on the platform has exceeded 40 million USDT.

Cryptocurrency ATM vulnerability helped hackers steal crypto  

  

Lamassu crypto ATMs had some vulnerabilities that allowed hackers to manipulate users’ data and steal their money. Security experts from IOActive came to this conclusion. The problems were identified in early 2024.  

  

Gunther Allman, technical director of the organization, said that by using social engineering, a hacker could adjust the menu of the ATM and fraudulently force the user to perform the desired actions. 

  

In addition, under the pretext of a discount or free coins, attackers could share sensitive bank account data.  

  

Both digital money and cash could be attacked. For example, a criminal could fiddle with the cash reader to make the device display a larger amount of deposited funds, such as $100 rather than $10. In this way, the hacker could access expensive services and goods for a minimal cost.  

  

Lamassu considered all the comments and already made changes to the software of their Bitcoin ATMs.