Month: February 2022

Why Bitcoin Bulls Must Hold Current Position Or Risk A Drop To $36,000

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Bitcoin has now solidified its position in the bull trend. With each recovery trend has come a risk of reversal though, which makes a strong point for bulls to continue to hold the value up. In times like this, a small slip-up can end up being devising for the value of the asset causing it to cascade down into another stretched out downtrend. However, if bulls are able to hold above this point, then bitcoin may well and truly enter into another raging bull market. Why Current Position Is Important…

Increased NFT Demand Triggers Tezos Transactions And Smart Contract Activity

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Recently, the Tezos network has been experiencing progressive growth in its smart contract addresses and adoption for the past 12 months. This is majorly linked to non-fungible tokens as the primary driver for the increase. Hence, with the move, Tezos stands as viable competition to Ethereum in terms of NFT minting and its markets. Non-fungible tokens, NFTs, are recently gaining more attention within different sectors. More businesses and even celebrities embrace this digital asset for various reasons that satisfy their purposes. From creating expressions and awareness to generating non-profitable funds…

Mining Round Table [Ep. 08] – Mining Rig Fire, New Mining Hardware, Upcoming Channel Changes

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io In today’s episode of Mining Round Table, Join Red Fox Crypto, ChumpChangeXD and The Hobbyist Miner as they discuss Crypto Mining Farm Fires, New Mining Hardware Purchases and Upcoming Crypto Mining Channel changes coming down the pipe line. The group discuss what GPU Mining Hardware they have been purchasing recently, What GPUs they are purchasing in the current market and more! Some great conversation kicks off discussing Immersen Mining, Helium Miners, FPGA Purchases and finally Goldshell DogeCoin Miners. Todays episode is full…

US Officials Seize $3.6B in Bitcoin From 2016 Bitfinex Hack

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Some 120,000 BTC was stolen in the 2016 hack, then worth around $60 million and representing nearly one-sixth of the total trading volume at the time. At today’s prices, the total amount of bitcoin stolen is valued at $4.5 billion, but the DOJ only seized about 94,000 BTC valued at $3.6 billion. The DOJ release alleges the two conspired to launder these proceeds and heavily implies, but does not claim, they were the original hacker(s). Original

Bybit partners with Cabital to offer EUR and GBP fiat onramps

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Today, Singapore-based crypto exchange, Bybit, announced a new partnership with digital assets institution Cabital for EUR and GBP on-ramp integration.  Bybit crypto exchange platform users can now use EUR and GBP to buy cryptocurrency directly on the system through Cabital’s fiat on-ramp solution, with no transfer fees between their Bybit and Cabital wallets. According to the release, Cabital’s fiat-to-crypto on and off ramp service allows Bybit customers to purchase cryptocurrencies at reduced gas costs without having to leave the platform. Bybit is Cabital’s first partner to use its fiat on…

Moonbeam Emerges As The Gateway To The Promised “Multichain” Future Of Blockchain Technology

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For years, developers have been trying to determine the best alternative for Ethereum’s increasing network congestion and gas costs. Even though layer-2 scaling solutions involving zkSNARKS and Optimistic Rollups have been introduced to alleviate these challenges, most of these answers aim to improve Ethereum’s scalability. On the other hand, Moonbeam leverages the interoperability and scalability of Polkadot to offer developers an environment that is fully compatible with Ethereum and its corresponding development tools. The Moonbeam Network serves as a highly-specialized layer-1 blockchain. Accordingly, it isn’t here to compete with Ethereum…

Wonderland’s treasury saga exposes the fragility of DAO projects today

The Wonderland protocol became the talk of the decentralized finance (DeFi) world after the platform was found at the center of a brewing controversy.  On Jan. 27, DeFi analyst zachxbt revealed that one of the anonymous co-founders of Wonderland happened to be QuadrigaCX co-founder Michael Patryn, who has been operating under the name of Sifu. QuadrigaCX is a defunct crypto exchange from Canada which closed when Gerald Cotten, the exchange founder and sole person with knowledge of the exchange’s wallet keys, passed away. Following his death, $169 million worth of…

Freedom Convoy Continues, Trudeau Begs Protestors to Stop, Fundraiser Raises $542K in Bitcoin – Bitcoin News

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During the last week, a large number of truckers are still occupying the streets of Ottawa protesting the vaccine mandates. On Monday, Canadian Prime Minister Justin Trudeau begged protestors to stop the demonstration and said “It has to stop.” Meanwhile, after Gofundme shut down the Freedom Convoy’s fundraiser, crypto advocates have raised 12.41 bitcoin worth $542K in order to help the truckers continue the protest. Canadian Prime Minister Justin Trudeau Insists Trucker’s Protest ‘Has to Stop,’ Florida Governor to Investigate Gofundme’s Actions The Freedom Convoy 2022 is still ongoing as…