Day: August 2, 2022

Crypto miner Digihost plans to move rigs from New York to Alabama

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Digihost, a United States-based cryptocurrency mining company, has announced plans to move part of its fleet from New York to Alabama in an effort to lower energy costs. In a Tuesday announcement, Digihost said its 55-megawatt (MW) facility in Alabama — which the company acquired in June — will host some of its crypto miners from New York, leading to lower operating costs. According to the mining firm, it aims to have a hashing capacity of 28 MW at the Alabama facility by the fourth quarter of 2022, and 55…

¿Hasta Dónde Va a Llegar Ethereum? 📈 | Noticias Merge y Fin de la Minería

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io ¡Buenas a todos! En el video de hoy vamos a ver las ultimas noticias de Ethereum que se ha disparado ultimamente subiendo más de un 50% en una semana y ha hecho que crezcan con el $crv $cvx y $MATIC. Tienda de minería: Canal en inglés: Consultorías: Telegram: Instagram: Discord: Recuerda con el código #Dominio10 al uniros tendréis 10 € gratis! Web de Go-crypto: Telegram Go-Crypto: Link Binance: Link crypto.com: Link Blockfi: Instalar Hiveos: ¡Estoy en directo!: Link Deribit: Otros vídeos: Cómo…

Ethereum Active Addresses Reach ATH, Here’s What Happened Last Time

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On-chain data shows the number of active Ethereum addresses has recently spiked up to a new all-time high. Here’s what happened in the past when the metric reached such high values. Ethereum Active Addresses Surge To A New All-Time High As pointed out by an analyst in a CryptoQuant post, a signal that has usually been bearish for the price of the crypto has gone off recently. The “active addresses” is an indicator that measures the total number of Ethereum wallet addresses that showed some movement on any given day.…

CoinShares reports $21.7M loss tied to Terra implosion

On Tuesday, European cryptocurrency investment firm CoinShares posted its interim Q2 2022 results. Compared to the prior year’s quarter, the firm’s revenue declined from 19.6 million pounds ($23.89 million) to 14.2 million pounds ($17.31 million). At the same time, its net income fell from 26.6 million pounds ($32.42 million) in Q1 2021 to 0.1 million pounds ($0.12 million).  CoinShares explained that the losses were largely tied to its exposure to the Terra (LUNA) — now called Terra Classic (LUNC) — ecosystem, which collapsed in May of this year: “While our Asset…

Are Higher Lows A Sign of a Growing Bitcoin Bull Run?

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Bitcoin has seen a lot of sideways price action during this week but might be able to extend its gains and regain higher grounds. The cryptocurrency continues to trade in the green and seems to be showing signs of further short-term appreciation. At the time of writing, Bitcoin trades at $23,200 with 9% profits over the past week and 1% profits in the last 24 hours. BTC’s price trends moving sideways on the 4-hour chart. Source: BTCUSDT Tradingview Over the last week, Bitcoin has provided more clarity about its price…

Crypto users spent $2.7B minting NFTs in first half of 2022: Report

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According to new market research published by blockchain data firm Nansen, crypto users spent 963,227 Ether (ETH), worth $2.7 billion, minting nonfungible tokens (NFTs) on the Ethereum blockchain in the first half of 2022. An overwhelming majority of minting took place on OpenSea.io.  Minting occurred across 1.088 million unique wallet addresses on Ethereum during this period, Nansen said. In comparison, about $107 million worth of NFTs were minted on BNB Chain and $77 million for Avalanche. A total of 263,800 unique wallet addresses were involved in NFT minting on the…

Cross-Chain Bridge Nomad Loses $190 Million Making It 2022’s Third-Largest Crypto Heist – Bitcoin News

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On Monday, the cross-chain token bridge Nomad was attacked and hackers managed to siphon $190 million from the protocol, draining a great majority of the funds. The Nomad cross-chain bridge attack was the third-biggest crypto heist of 2022, and the ninth largest of all time. Nomad Cross-Chain Bridge Exploited for $190 Million Cross-chain bridges in the world of decentralized finance (defi) just can’t catch a break no matter how long they have been running and even after the bridges have been audited. On August 1, 2022, the cross-chain bridge Nomad…

Bitcoin derivatives show a lack of confidence from bulls

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Bitcoin (BTC) has been trending up since mid-July, although the current ascending channel formation holds $21,100 support. This pattern has been holding for 45 days and could potentially drive BTC towards $26,000 by late August. Bitcoin/USD 12-hour price. Source: TradingView According to Bitcoin derivatives data, investors are pricing higher odds of a downturn, but recent improvements in global economic perspective might take the bears by surprise. The correlation to traditional assets is the main source of investors’ distrust, especially when pricing in recession risks and tensions between the United States…