Day: August 10, 2022

Crypto Exchange Coinbase Stock Is Not Out of the Woods as Market Uncertainty Hovers

โ€œFollowing a severe drop in asset prices, it is not surprising to see a bit of paralysis in customer engagement, particularly in trading as investors assess where we go from here,โ€ JMPโ€™s Devin Ryan told clients in a note. โ€œPinpointing the moment of inflection is difficult, but we continue to have conviction that Coinbase remains incredibly well positioned to benefit as the pendulum moves back into the middle, which we believe it inevitably will.โ€ Ryan has a market outperform, and lowered JMPโ€™s price target to $195 from $205. Source

SOL Fails To Notch New 60-Day Peak, Despite Recent Advances

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Price movement for Solana (SOL) looks outright bullish but at the same time sluggish as itโ€™s unable to keep up with buyer demands.ย ย  Solana is currently trading sideways forming an ascending triangle pattern. The 50-day EMA serves as its support level. Buyers were on a shopping spree last night which kickstarted the volume pumping it up at 140%. The bulls are in control of SOL price moving it higher, while the bears are trying to take over. Bitcoinโ€™s massive sell-off has impacted other altcoins including SOL. If the current momentum…

Bitcoin Breaks Above $24,000 As U.S. Inflation Dips To 8.5%

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Summary: U.S. Inflation numbers were released on Wednesday, triggering a move in the price of crypto assets. Consumer Price Index data stood at 8.5% for July 2022. The numbers fell from the 9.1% level reported in June. Itโ€™s also the first time U.S. Inflation numbers have dipped since April 2022. Cryptos like Bitcoin and Ethereum reacted to the news positively with pumps. Technical analyst Will Clemente previously tweeted that todayโ€™s CPI report would determine if a short risk-on bear market rally continued or not. Crypto markets are in green on…

Experts dissect what went wrong

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Decentralized finance protocols continue to be targeted by hackers, with Curve Finance becoming the latest platform to be compromised after a domain name system (DNS) hijacking incident. The automated market maker warned users not to use the front end of its website on Tuesday after the incident was flagged online by a number of members of the wider cryptocurrency community. While the exact attack mechanism is still under investigation, the consensus is that attackersย managed to clone the Curve Finance website and rerouted the DNS server to the fake page. Users…

Blockchainโ€™s environmental impact and how it can be used for carbon removal

Climate change has become an important issue over the years due to concerns over environmental changes caused by the emission of greenhouse gasses into the atmosphere. Conversations have even reached the crypto space, and blockchain technology is being consideredย a potential tool to reduce carbon emissions. Cryptocurrencies like Bitcoin (BTC) and Ether (ETH) that use the proof-of-work (PoW) mining algorithm have come under scrutiny due to their alleged energy expenditure. To see where this scrutiny comes from, it first needs to be known how much energy is used when mining PoW…

ETH Surges Back Above $1,700 as US Inflation Falls to 8.5% โ€“ Market Updates Bitcoin News

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Ethereum was once again volatile on Wednesday, as prices of the token fell below $1,700 ahead of the latest U.S. inflation report. However, following the report, which came in at 8.5% in July, the token surged back above this point. Bitcoin was trading lower, as it continued to hover below $24,000. Bitcoin Bitcoin (BTC) was once again trading below $24,000 in todayโ€™s session, as the token continued to react to increased levels of market turbulence. Wednesday saw the worldโ€™s largest cryptocurrency fall to an intraday low of $22,771.52, which comes…

๐Ÿ’ด Online Earning Without Investment – Possible or Not | Online Money | Crypto Earn

โ–ถ Coinbase Website: Coinbase.com โ–ถ CEX Website: cex.io Hello everyone ๐Ÿ‘‹. I decided to tell you all about online earning without investment, as well as the possible risks and profits ๐Ÿ“ˆ. Then we will try to get online money using live signals. I will check if crash signals really predict the results of rounds and if it is possible to get huge income with them ๐Ÿ’ฒ. I left the link to the signals here ๐Ÿ‘‡: Live Signals in telegram – I will show you the Tivit site, which supports rubles,…

TORN price sinks 45% after U.S. Treasury sanctions Tornado Cash โ€”ย Rebound ahead?

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Tornado Cash (TORN) has lost almost half its market valuation two days after being slapped with sanctions by the U.S. Treasury Department. The department accused Tornado Cash, a crypto mixer platform, of laundering more than $7 billion in cryptocurrencies, including a stash of $455 million allegedly stolen by North Korea-based hackers. Immediate reactions were followed by U.S.-based crypto companies, including Circle and Coinbase. In a controversial move, the popular crypto firms blockedย the movements ofย their jointly-issued stablecoin USDC tied to Tornado Cash’s blacklisted smart contracts. TORN price drops 45% The news…