Day: February 14, 2022

Monero Supporters Beg XMR Miners to Boycott Mining Pool Capturing 44% of the Network Hashrate โ€“ Mining Bitcoin News

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Reports indicate that the Monero community is upset about a specific mining pool that currently commands 44% of the networkโ€™s hashrate. Supporters are asking mining participants to leave a mining pool called Minexmr as they believe the operation threatens decentralization. A Single Monero Mining Pool Commands 44% of the Networkโ€™s Hashrate, Monero Community Members Debate Issue, Pool Admin Addresses Concerns At the time of writing, according to statistics stemming from the web page pools.xmr.wiki, the mining operation Minexmr commands 44.084% of the network hashrate. The hashrate stemming from Minexmr has…

Bitcoin Rangebound as Traders Hedge Risks

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โ—Bitcoin (BTC): $42228, โˆ’0.61% โ—Ether (ETH): $2900, โˆ’0.32% โ—S&P 500 daily close: $4402, โˆ’0.38% โ—Gold: $1873 per troy ounce, +1.76% โ—Ten-year Treasury yield daily close: 2.00% Bitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index (XBX); Ether is the CoinDesk Ether Price Index (ETX); Gold is the COMEX spot price. Information about CoinDesk Indices can be found at coindesk.com/indices. Original

Bitcoin Cryptocurrency and Stock Market update with Gareth Soloway What to look for this week

โ–ถ Coinbase Website: Coinbase.com โ–ถ CEX Website: cex.io Connect with Gareth here: Hereโ€™s how I can help youโ€ฆ Courses One on one Coaching —– Greg is a serial entrepreneur, real estate developer, coach, and mentor. He has bought, developed and sold over $250 million in real estate, built and renovated hundreds of custom homes and commercial buildings, developed residential and mixed-use subdivisions and started 12 different companies from the ground up. Greg currently mentors some of the top entrepreneurs, real estate investors and real estate developers in the country helping…

Drained Crypto Accounts at IRA Financial Leave Victims Searching for Answers

โ€œAlthough our investigation remains ongoing, the facts discovered to date indicate that transfer requests were made by utilizing properly authenticated accounts controlled by IRA Financial Group, which were used to execute asset transfers to another account,โ€ the firm wrote late Sunday night. โ€œAt the time, these requests complied with IRAโ€™s approval processes and appeared to Gemini to be legitimate, authorized transactions. To date, our investigation has found no indication of any unauthorized access to your account resulting from any security failure or breach of Gemini systems.โ€ Source

Bitcoin price consolidates in critical โ€˜make or breakโ€™ zone as bulls defend $42K

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The waiting game continues for crypto traders after Bitcoin (BTC) is once again pinned below resistance at $43,000 and awaiting some spark in momentum that can sustain a rally back to the $50,000 range.ย  Data from Cointelegraph Markets Pro and TradingView shows that the price of Bitcoin has traded in a range between $41,500 and $43,000 over the past couple of days and with tensions between Ukraine and Russia escalating, many traders are less then optimistic about Bitcoin’s short-term prospects. BTC/USDT 1-day chart. Source: TradingView Hereโ€™s a look at what…

74% of stolen funds from ransomware attacks went to Russian-affiliated wallet addresses in 2021

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According to a new report published by blockchain analytics firm Chainalysis on Monday, approximately 74%, or over $400 million USD, of ransomware revenue last year were funneled into high-risk wallet addresses that are likely to have been based in Russia. The report analyzed ransomware hacks throughout 2021 and determined their affiliation to Russia through three key characteristics: Traces of Russia-based cybercriminal organizationย Evil Corp being behind a given breach; the group has alleged ties to the Russian government. Ransomeware programmed only against victims of non-former-Soviet countries. Ransomware strains that share documents…

SEC Enforcement Against Wonderland Could Mean Trouble for DeFi

Prior to the reveal, Patryn โ€“ then working under the pseudonym โ€œSifuโ€ โ€“ and Wonderland founder Daniele Sestagalli grew notorious for aggressively leveraging one of DeFiโ€™s trendiest new tools: Protocol Controlled Value, or PCV. According to the Wonderland documentation, PCV is a term for โ€œthe amount of funds the treasury owns and controls,โ€ and the Wonderland treasury currently manages in excess of $700 million, down from a peak well over $1 billion. Source

Crypto Crash IS NOT What You Think

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BTC Liquidity Tightens as Bitcoin Held by Exchanges Hits 6-Month Low โ€“ Bitcoin News

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While the price of bitcoin is 38% lower than its $69K price high three months ago, the amount of bitcoin on exchanges is at its lowest figure since April 2021. At the end of July last year, there was 2.59 million bitcoin held by crypto trading platforms, and today thereโ€™s only 2.36 million held by exchanges, which means thereโ€™s 8.8% fewer bitcoin on exchanges than six months ago. Bitcoin Exchange Reserves Drop 8% Lower Than the Bitcoin Held on Exchanges 6 Months Ago According to current statistics, thereโ€™s 2.363 million…