Day: April 12, 2022

Ethereum price ‘bullish triangle’ puts 4-year highs vs. Bitcoin within reach

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Ethereum’s native token Ether (ETH) has dropped about 17% against the U.S. dollar in the last two weeks. But its performance against Bitcoin (BTC) has been less painful with the ETH/BTC pair down 4.5% over the same period. The pair’s down-move appears as both ETH/USD and BTC/USD drop nearly in lockstep while reacting to the Federal Reserve’s potential to hike rates by 50 basis points and slash its balance sheet by $95 billion per month. The latest numbers released on April 12 show that consumer prices rose 8.5% in March, the most…

Cointelegraph France is now live

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Cointelegraph is delighted to announce the launch of its French edition, Cointelegraph France, providing the latest cryptocurrency and blockchain news en français and marking another historic milestone in the publication’s global presence. Founded in 2013, Cointelegraph is the leading independent cryptocurrency and blockchain-focused publication covering news about blockchain, cryptocurrencies, nonfungible tokens (NFT), metaverse, decentralized finance and other emerging fintech trends. Apart from the main edition in English, Cointelegraph maintains 10 local versions, operating editions in multiple languages, including Arabic, Spanish, German, Italian, Turkish, Chinese, Korean and Portuguese, managed by Cointelegraph…

The aftermath of Axie Infinity’s $650M Ronin Bridge hack

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In late March, Ronin, an Ethereum sidechain built for the popular play-to-earn nonfungible token game Axie Infinity, was hacked for over 173,600 Ether (ETH) and 25.5 million USD Coin (USDC) for a combined value of over $600 million.  The breach on the Ronin bridge was confirmed by Sky Mavis, the developers behind the popular play-to-earn (P2E) game: There has been a security breach on the Ronin Network.https://t.co/ktAp9w5qpP — Ronin (@Ronin_Network) March 29, 2022 The official report from the company noted that the hackers managed to get access to private keys…

Mining for FULL NETHERITE | Minecraft 1.18 Survival (#22)

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Bitcoin spikes with stocks as US inflation hits highest since 1981

Bitcoin (BTC) saw a brief boost on April 12 after the United States saw its highest Consumer Price Index (CPI) data since 1981. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Analyst: Inflation echoes “mythical stories” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD spiking $400 instantly as the data was released. The U.S. CPI was up 8.5% year-on-year and rose 1.2% in March, alone, according to the U.S. Bureau of Labor Statistics. The most in over 40 years, the results showcased the inflationary pressures active throughout the economy and implied…

BlackRock joins stablecoin issuer Circle’s $400M funding round

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Circle, a major peer-to-peer payments firm and the principal operator of the UDC Coin (USDC), has announced a $400 million funding round and a new partnership with the American investment firm BlackRock. The USDC issuer has entered into an agreement for a funding round featuring investors like BlackRock, the investment advisory firm Fidelity Management and Research, the London-based hedge fund Marshall Wace and Fin Capital, as Circle officially announced Tuesday. The investment round is expected to close in the second quarter of 2022. Apart from providing strategic investment and being the…

Make the Most of Crypto Trading and the NFT Growth Story With Terraformer

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The cryptocurrency market is a multi-trillion dollar space, growing consistently in length and breadth. Not only is the volume of trade increased, but the number of market participants and market facilitators is also increasing each day. There are more than 18,000 crypto assets in the market today, traded across nearly five hundred exchanges. While the increased volume of crypto-trade is a natural outcome of the growing number of crypto assets, other blockchain-powered systems and mechanisms are also surging fast. For instance, the total value locked in all the DeFi protocols…