Day: August 4, 2022

$2B in crypto stolen from cross-chain bridges this year: Chainalysis

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Cross-chain bridge hacks have accounted for 69% of the total crypto stolen in 2022, amounting to $2 billion in losses, according to a new report.  The report comes from blockchain analytics firm Chainalysis on Tuesday, noting there have been 13 separate token bridge hacks this year — the most recent being the $190 million Nomad Bridge exploit. Q1 2022 was by far the quarter that saw the most amount of crypto stolen since 2021, due mainly to the Ronin Bridge Attack in late March, which saw $624 million in Ether…

Polkadot Price Moves Above $8, Sets Eye On $9

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Polkadot price has steadied itself above the $8 price mark. The coin seems to be extending the price recovery as DOT looks at moving past its next price ceiling. It also formed a bullish pattern on its daily chart. The cup and handle pattern that Polkadot has been forming for the past two months indicate that the bulls were strong in the market. The cup and handle pattern usually indicates a bullish continuation of price. Over the past week, Polkadot price surged over 24% marking strong recovery. DOT has been…

How I Built a Solar Powered Cryptocurrency Mining Computer

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io A detailed look at how I built an off-grid, solar powered cryptocurrency mining computer. The computer uses @Renogy Solar solar panels in my yard, which tie into a barebones PC with an @NVIDIA GEForce GTX 1070 graphics card mining via @NiceHash. It’s currently generating about $1 per day in pure profit (not counting the system cost, which I explore in the video), without generating any carbon emissions. More details expected soon at debugger.medium.com where I’m planning a full writeup. ▶ Coinbase Website:…

Winnipeg police get provincial funding to beef blockchain forensics unit

Police in Winnipeg, the capital of the Canadian province of Manitoba, will be better prepared to deal with the use of cryptocurrency in cybercrime, thanks to $100,000 Canadian Dollars (CAD) in funding provided by the provincial government. Provincial Justice Minister Kevin Goertzen on Aug. 3 said the money from the Criminal Property Forfeiture Fund will be used to put five additional members of the police service through a Cryptocurrency Tracing Certified Examiner training program, as well as to purchase specialized software to trace cybercrime activities such as CipherTrace and Blockchain…

Slope wallets blamed for Solana-based wallet attack

As the dust settles from yesterday’s Solana ecosystem mayhem, data is surfacing that wallet provider Slope is largely responsible for the security exploit that stole crypto from thousands of Solana users. Slope is a Web3 wallet provider for the Solana layer-1 (L1) blockchain. Through the Solana Status Twitter account on Aug. 3, the Solana Foundation pointed the finger at Slope stating that “it appears affected addresses were at one point created, imported, or used in Slope mobile wallet applications.” After an investigation by developers, ecosystem teams, and security auditors, it…

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Mastercard Views Crypto More as Asset Class Than Form of Payment – Featured Bitcoin News

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Mastercard sees cryptocurrency as more of an asset class than a means of payment, according to the payments giant’s chief financial officer. Mastercard’s crypto strategy “has been fairly successful ever since crypto environments came up,” he added. Mastercard’s CFO on Crypto as Asset Class vs. Means of Payment Mastercard Chief Financial Officer (CFO) Sachin Mehra shared his view on cryptocurrency in an interview published Tuesday by Bloomberg. He was asked how successful Mastercard’s crypto strategy has been. “In the crypto world, we play the role as an on-ramp, with people…

I’m Buying THESE 5 Altcoins! BIG Cardano Update! Bitcoin & Ethereum Market Analysis & Crypto News!

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io DAILY News, Opinion, Perspective 👍 Hit Like, Share, and Subscribe for more daily cryptocurrency news Altcoin Daily, the best cryptocurrency news media online! Follow us on Twitter: Timestamps: 0:00 – Introduction (Watch the WHOLE Video) 0:18 – Bitcoin Looking Bullish? (Market Check-In) 0:39 – Strong rebound from Ethereum (following a successful retest) 1:38 – Mercedes-Benz Taps Polygon To Develop A Platform For Data Exchange 3:16 – Miami Collabs With TIME, Mastercard, Salesforce to Sell 5K NFTs 5:12 – Cardano Delays Vasil Hardfork…

Bitcoin Price Touched $23,300, Will The Bearish Thesis Be Invalidated?

Bitcoin price has managed to power through and retain its momentum above the $23,000 mark. Over the past week, the coin displayed bullish momentum. In the last 24 hours, Bitcoin showed minor appreciation, however, it has remained steady above its local support level. Technical outlook of the king coin also suggested that the bulls have taken control. If Bitcoin price manages to move past the $24,000 price mark and trade there for a considerable period of time, then the bulls could garner further strength. The cryptocurrency has struggled to remain…