Crypto
Bitcoin Price Tumbles Below $20K, Ether Price Hit Too
The fall in Bitcoin price has led to a wipeout of about $2 trillion in value across the broader market. According to statistics provided by CoinMarketCap,

Bitcoin price has continued to drop over the past few days, and it hit an all-time low today at $18,739050. The price of one Bitcoin has continuously declined since reaching its high in November. As investors kept up their aggressive selling on Saturday, the price of bitcoin resumed its downward trend and fell below the $20,000 price level. The value of one Bitcoin dropped as low as $18,739050 at one point today and was unable to raise over $20,000 at any moment.
Bitcoin has consistently been the most valuable cryptocurrency and has reached an all-time high price of $68,000. Despite this, its value has remained relatively unchanged despite the many geopolitical concerns and unknowns. Since reaching its all-time high in November, CoinDesk reports that the value of Bitcoin has decreased by 72 percent.
As the bear market in traditional equities has continued, cryptocurrencies have been particularly hard. Traders and investors are concerned about the Federal Reserve’s potential moves to increase the inflation rate, which could lead to a rise in interest rates and a decrease in investor confidence.
Also Read: Safemoon Price Drop : Down By 95% In 24 Hours
The price of Ether, another primary cryptocurrency, dropped below $1,000 on Saturday, temporarily touching $975.35. This was the coin’s lowest level since January 2021. According to CoinDesk, the price of Ether dropped below $1,000 for a second time in three days this week as investors were rattled by news that Coinbase Global Inc., a cryptocurrency exchange that operates in the United States and Europe, is planning to reduce its workforce by 15%.
The decline from its all-time high of $67,802 reached in November, the fall in Bitcoin price has led to a wipeout of about $2 trillion in value across the broader market. According to statistics provided by CoinMarketCap, the overall market value of cryptocurrencies remained at around $846 billion on Saturday.
A market analyst working for the Japanese cryptocurrency exchange Bitbank Inc., Yuya Hasegawa, said that “there will be a lot of misery for a lot of investors.” People’s faith in cryptocurrencies will decline, but seasoned crypto investors and those who are optimistic about the industry’s long-term prospects will view this as an opportunity to purchase cryptocurrencies at lower prices.
Also Read: Celsius Network Melts Down The Crypto Market
What cryptocurrency industry insiders have to say regarding the likelihood of future price drops for Bitcoin and Ether
According to Wendy O, there is a chance that the price of Ethereum could go down to $750 in a bear market. In November 2021, Ethereum reached an all-time high of over $4,800; hence, a drop of 85% would lead to a price of approximately $750. In addition, there are many resistance levels between $1,700 and $1,885; therefore, violent reversals are likely to occur before the price completely bottoms out.
Kavita Gupta, a cryptocurrency analyst, pointed out that the winter season for cryptocurrencies is likely to continue for another year. She says the price of a bitcoin might drop to as low as $14,000, while the cost of Ether could plummet to as low as $500.
There are several factors contributing to the current downturn: fears of a recession are pressuring investors to sell riskier assets like cryptos; the collapse of Luna and TerraUSD last month, as well as the lender Celsius suspending withdrawals this week, have further damaged trust in the sector; and the general market sell-off could become more severe if it continues.
This could lead to further price declines for cryptos, making it even harder for investors to buy them.
Crypto
The Rise of The Fortune Machine: How Investors are Making Huge Profits with the iFortune Coin

Cryptocurrency has recently become an increasingly popular investment option, with new coins and apps launching daily. Unfortunately, not all of these projects are equal. Possibly the most exciting is the iFortune coin, a cryptocurrency designed to function smoothly while also being a smart investment option for those looking to improve their lives in eye-opening ways.
A big part of the token’s appeal is the Fortune Machine app, a revolutionary staking and mining app allowing iFortune coin investors to earn significant passive income. This article will explore the app, the token, and the community’s appeal.The Fortune Machine app provides users with staking and mining facilities for iFortune coin, making it easy for beginners to earn rewards. The app has gained significant attention in crypto due to its high staking and mining rewards.
More than 100 people reportedly earn over 100k a month on the platform. To celebrate the app’s success, the founders have even taken target achievers on international tours to Thailand, Dubai, and Goa, India, showcasing the app’s potential for making investors huge profits.
How the Fortune Machine App is Changing the Game for iFortune Coin Investors
The Fortune Machine app has revolutionized the staking and mining game, providing a unique investment option for iFortune coin investors to mine and stake the token without the investment associated with mining and staking other cryptocurrencies.
The app’s developers have focused on providing a user-friendly interface, which, combined with high staking and mining rewards, has made it an attractive investment option for everyday people and seasoned investors. The Fortune Machine is an app for iOS and Android devices. Using it to stake and mine only requires a few minutes daily, illustrating the big difference Destinewood delivers in their ecosystem: with the right crypto-token backed by the latest tools, investors can earn significant profits without deep knowledge or hard work.
This powerful dynamic has skyrocketed the Fortune Machine app as a significant emerging player in the crypto world, providing a high-reward investment option for iFortune coin investors. The app’s unique features have allowed more than 100 people to earn over 100k monthly on the platform, which is life-changing money for anyone – especially with many of these people coming from the regular working class and even financially challenged backgrounds not long ago. The app has also garnered attention for its stability.
It works well without any technical headaches, something that has plagued many other crypto-related applications.Celebrating Success With iFortune’s FoundersTo celebrate the Fortune Machine’s success in transforming lives and show appreciation for its investors, the founders of Destinewood Ltd, Rahul Thakur and Wendy Winterburn, have organized three international tours to Thailand, Dubai, and Goa, India. Each tour provided 100 target achievers with an opportunity to connect, enjoy themselves, and see that their lives are now operating at a whole new level.
Thailand, the first destination, is known for its beautiful beaches, exotic cuisine, and vibrant nightlife. The target achievers were treated to a luxurious stay at a resort. They enjoyed spa treatments, explored the local culture, and networked with the iFortune community, culminating in a world-class party.Dubai, the second destination, is famous for its lavish lifestyle, skyscrapers, and luxury shopping.
The target achievers were taken on a five-day trip where they enjoyed the desert kingdom, which is a stunning mix of the past and future, where intelligent economic opportunities are embraced completely.The final destination, Goa, India, is a popular tourist spot known for its beaches, seafood, and nightlife.
The target achievers were taken on a five-day trip where they enjoyed a beach party, dined like kings and queens, and had a farewell party.Overall, the international tours provided a unique opportunity for investors to network and celebrate their success while enjoying luxurious accommodations and exciting activities in exotic destinations.
The tours were a testament to Fortune Machine’s growing success and the founders’ commitment to changing lives and building community.Rahul Thakur and Wendy Winterburn have often spoken about their mission to change lives. The ongoing events like this show they practice what they preach.
iFortune Coin – An Investment Option with High Staking RewardsiFortune coin is a BEP-20 token created on Binance Smart Chain, designed by Destinewood Ltd. To be at the cutting edge of crypto tech, opening the door to vast opportunities for growth and prosperity. The token was founded in early 2022 and has since gained popularity among investors due to its potential for good returns and long life as more enthusiasts jump on board.
The token is currently available on the LA Token Exchange and LBank Exchange and has been covered by every major cryptocurrency and blockchain news outlet. One of the critical features of the iFortune coin is its high staking rewards. Investors can stake their tokens on the Fortune Machine app and earn rewards. These rewards are higher than those offered by most others in the industry while also having less risk due to the company’s infrastructure and mission. This makes the iFortune token an attractive investment choice both in the short and long term.
The iFortune Debit Card – A Convenient Way to Use iFortune CoinsThe iFortune debit card is a convenient way for investors to use their iFortune coins. The card allows easy transfers of crypto to fiat currency, can be used internationally, and is easy for most people to be approved for.The card aims to remove the middleman, making transactions less costly, faster, and more efficient. This is clearly playing into iFortune’s rising popularity.
The iFortune debit card also takes security very seriously, with many safeguards in place to avoid theft and scams that have sometimes been associated with other debit cards in the crypto space.
The Fortune Machine
A Bright Present and FutureFortune Machine app is a revolutionary staking and mining app that has allowed investors to earn significant passive income. The app’s success in the crypto world has been shown in black-and-white results experienced by its investors. The founders have even celebrated this success by taking target achievers on international tours. The combination of the iFortune token and the Fortune Machine app is delivering investors high rewards, ease of use, and convenience, making it an attractive option for those who want to find a way to break free of their current financial and lifestyle limitations.
Learn more at- ifortunecoin.io https://t.me/ifortunecoin_officialgroup
Crypto
Vanity Address Exploit Causes $1M Loss
After Vanity address exploit, an alert was publicly released by a company that specializes in blockchain security called PeckShield. In the alert, it stated that a hacker was discovered after stealing 732 ether (ETH)

The DeFi industry is still being haunted by hacks and vulnerabilities, as seen by the addition of a new vanity address exploit to the list of DeFi victims, who, as a group, have altogether lost more than $1.6 billion in the 2022 alone.
After Vanity address exploit, an alert was publicly released by a company that specializes in blockchain security called PeckShield. In the alert, it stated that a hacker was discovered after stealing 732 ether (ETH), which is equivalent to approximately $950,000, from an address that was generated a generator for Ethereum vanity wallet addresses called Profanity. After emptying the wallet, the hackers moved the cryptocurrency to a cryptocurrency mixer called Tornado Cash, which had only just been authorized.
Also Read: FTX Exchange Eyes For $1B Funding
Vanity addresses are a kind of personalized cryptocurrency wallet address that is produced to contain words or certain characters specified by the holder of the wallet. Vanity addresses are also known as private keys. Recent breaches, on the other hand, have shown that the security of vanity email addresses is still in issue.
The decentralized exchange (DEX) aggregator 1inch Network issued a warning to crypto holders earlier in the month of September that their addresses were not secure if they were produced using vulgarity. The DEX made it clear to cryptocurrency holders who used vanity addresses that they needed to move their holdings as soon as possible. 1inch claims that the vanity address generator lacks safety since it uses a random 32-bit vector to seed 256-bit private keys. This indicates that the generator should not be utilized.
Also Read: Jesse Powell Resigns As CEO Of Kraken
ZachXBT, a blockchain investigator, has revealed that an exploitation of the vulnerability in Vulgarity has already let some hackers to get away with stealing digital assets worth $3.3 million. This announcement comes in response to the warnings issued by the DEX aggregator.
On September 20, a crypto market maker situated in the United Kingdom was the victim of an attack that resulted in losses of 160 million dollars. According to the findings of researcher Ajay Dhingra, the attack may have been carried out as a result of unauthorized access to the company’s hot wallet and subsequent manipulation of a flaw in the smart contract. The founder of the company and current Chief Executive Officer, Evgeny Gaevoy, issued a call to the attackers, stating that the company is willing to consider the vulnerability to be a “white hat hack.”
Crypto
FTX Exchange Eyes For $1B Funding
If FTX Exchange is successful in raising another billion in capital, its whole worth will rise to $32 billion. Sam Bankman’s firm Fried’s is holding talks with investors

FTX Exchange, which is headquartered in Bahamas and is the biggest cryptocurrency trading platform in the world, has plans to raise one billion dollars in capital. It plans to accomplish this goal with the participation of private equity investors, in addition to hedge funds and institutional investors.
If FTX Exchange is successful in raising another billion in capital, its whole worth will rise to $32 billion. According to a number of recent news publications, Sam Bankman’s firm Fried’s is holding talks with a number of possible investors regarding the prospect of obtaining one billion dollars in a venture round.
There has not been an agreement reached about the fund just yet, and discussions over the fund are still under progress. Since the start of the crypto winter in May, FTX exchange has taken on the role of market consolidator, offering aid to a significant number of enterprises who are having trouble making ends meet.
Also Read: Hyperlane, A Crypto Startup, Gets Boost Funding Of $18.5M
A deal was struck between FTX and BlockFi, a lending firm that was having financial difficulties, a few of months ago. In addition to that, they made a rescue proposal for Voyager Digital and Bithumb. In order to carry out its other business objectives, FTX plans to use the $1 billion in cash on hand, in addition to the $400 million that was raised earlier this year.
The cryptocurrency exchange was initially a clone of Coinbase; however, it subsequently found different means of compensating traders, which contributed to the development in popularity of the exchange.
Also Read: Ethereum Network Plans To Reduce Carbon Emission By Up To 99%
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