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Day: August 9, 2022
Bitcoin Miner Riot Blockchain Delays Earnings Report to Sort Out How Much Crypto Rout Devalued Its Assets
Riot became one of the industry’s biggest miners when it bought a gigantic facility in Rockdale, Texas, in May 2021. Bitcoin miners have seen their margins slashed as the price of the world’s biggest cryptocurrency has dropped, while energy prices, a major part of miners’ costs, have soared globally due to the war in Ukraine. Source
What the Tornado Cash Sanction Means for Privacy Coins
Again, I’m not advocating for anything malicious or bad being done using those tools, but it’s a sign that they can work and that governments are struggling to actually deal with them technologically. Because, ultimately, sanctions are not a technological tool. They’re a legal tool that they can try to use to pressure their populace into not using a specific set of technological tools. Outside of that, I think that it’s a bright future because of all of the advances that we’re seeing in the privacy-preserving cryptocurrency space. Source
Issue Found And Reverted, CRV Sees 10% Losses
Via their official Twitter handle, the Ethereum-based decentralized finance (DeFi) protocol Curve Finance has confirmed a vulnerability in their nameserver or frontend curve.fi which was successfully reverted. Earlier, the team behind the project advised caution to its users and claimed an investigation has been launched to look into any potential vulnerabilities exploit. The team behind the project said: The issue has been found and reverted. If you have approved any contracts on Curve in the past few hours, please revoke immediately. Please use curve.exchange for now until the propagation for…
CleanSpark Raises Year-End Hashrate Guidance, Sets 2023 Outlook
CleanSpark got its start in 2014 providing energy products to homes and businesses. It entered bitcoin mining in 2020, according to the company website. Today, more than 90% of revenue comes from bitcoin mining, CEO Zach Bradford said during Tuesday’s earnings conference call. Source CleanSparkGuidanceHashrateoutlookRaisesSetsYearEnd CryptoX Portal
DeFi Protocol Curve.Finance Hacked; $570K Stolen
Users have been advised not to use curve.fi and curve.exchange until the source of the hack is located. Source
Top Bitcoin TA Experts Predicts 25k Ethereum THIS CYCLE! (Crypto Bottom Is In) 🚀
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Bottom is IN for Crypto? 25K Ethereum THIS CYCLE!? Ethereum FLIPS Bitcoin? (Let’s Talk About It) 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) 0:37 – Bitcoin’s bottom is in! (3 reasons) 1:37 – Bitcoin’s next TOP will come QUICKLY. (here is why) 5:52 – Ethereum will FLIP Bitcoin 7:20 – Ethereum Will Reach $170,000-$180,000 by 2030 (here is why)…
Snoop Dogg, Steve Aoki, Logan Paul, and Beeple Dusted by OFAC-Banned Tornado Cash Transactions – Bitcoin News
Following the U.S. Treasury Department’s Office of Foreign Asset Control (OFAC) banning Tornado Cash and a number of associated Ethereum-based addresses, an anonymous Tornado Cash user has dusted a swathe of well known wallets tied to ENS domain names. Onchain data shows that a number of celebrities and organizations received 0.1 ether from the platform. Blockchain explorers indicate Linkin Park’s Steve Aoki, Youtuber Logan Paul, the Ukraine Crypto Donations address, comedian Jimmy Fallon, the sneaker company Puma, and rap star Snoop Dogg are among the recipients. Celebs and Well Known…
Curve Finance team warns users to avoid using site until further notice
On Aug 9, automated market maker Curve Finance took to Twitter to warn users of an ongoing exploit on its site. The team behind the protocol noted that the issue, which appears to be an attack from a malicious actor, was affecting the service’s nameserver and frontend. Don’t use https://t.co/vOeMYOTq0l site – nameserver is compromised. Investigation is ongoing: likely the NS itself has a problem — Curve Finance (@CurveFinance) August 9, 2022 Curve stated via Twitter that its exchange — which is a separate product — appeared to be unaffected…
CleanSpark to Divest From Energy Holdings in Order to Focus on Bitcoin Mining
CleanSpark got its start in 2014 providing energy solutions to homes and businesses, and entered bitcoin mining in 2020, according to the company website. Today, more than 90% of revenue comes from bitcoin mining, CEO Zach Bradford said during Tuesday’s earnings conference call. Original