Now the math has changed. “When bitcoin dipped below $36,000, I actually unplugged my bitcoin miners,” says one of the leaders of the home mining resurgence, a man who goes by the pseudonym @econoalchemist. His cost of electricity was relatively high, and after the price drop, he was mining at a loss. Because he had no fiat as a cushion (he’s a purist), this hardcore miner had to stop mining. Source
Polkadot (DOT) looks ready to extend its ongoing price recovery due to a classic bullish pattern forming on its daily chart. DOT paints “cup and handle” pattern Notably, DOT has been forming a “cup and handle” pattern since mid-June, confirmed by its price crashing and recovering in a rounding, U-shaped trajectory (cup), followed by the development of a trading range on the right-hand side (handle). DOT/USD daily price chart featuring “cup and handle” breakout setup. Source: TradingView Cup and handle patterns are typically bullish continuation setups that form during an…
Crypto exchange Zipmex, which operates in Thailand, Indonesia, Singapore and Australia, released a statement this week denying reports that it has filed for bankruptcy and announcing its progress in resuming withdrawals from its Z Wallets. Zipmex customers can withdraw Solana (SOL) from their wallets Tuesday and will be able to withdraw XRP on Thursday and Cardano (ADA) on August 9, the company said. Zipmex provides its customers with two wallets: the Z Wallet, used for Zipmex services and receipt of earnings and bonuses, and the Trade Wallet, where fiat currency…
“Everybody knows that crypto is hard. There’s extreme market volatility, and that’s intimidating to first time investors or wannabe investors,” CEO Jameson Rader told CryptoX. “Fortunately, there is dollar-cost averaging, which is a proven financial strategy to minimize exposure and risk to market volatility.” Source 12MBitsCryptoFacilitateGradualInvestmentsRaises CryptoX Portal
During the last few weeks, the total value locked (TVL) in decentralized finance (defi) has come awfully close to reaching the $100 billion mark again, but it fell short this week. Today, the value locked across the defi ecosystem is $86.22 billion as the TVL has lost 3.34% during the past 24 hours. Value Locked in Decentralized Finance Falls Short From Tapping $100 Billion On August 2, 2022, the value locked in decentralized finance (defi) protocols is around $86.22 billion, according to defillama.com metrics. Makerdao dominates the pack by 9.67%…
“We don’t think winning on ETH will happen overnight. We are entering the market with humility and are prepared to build for a long while,” Zhuoxun Yin, co-founder of Magic Eden, told CoinDesk. “With that being said, we have a strong conviction for our hypothesis on what NFT creators and collectors need from their marketplace.” Source
On Tuesday, Marc Zeller, integration lead at decentralized finance (DeFi) borrowing and lending protocol Aave, proposed to freeze the platform’s v3 Fantom market. Created in 2018, Fantom is a directed acrylic graph smart contract platform that provides DeFi services and on which Aave is currently bridged. Zeller explained the rationale for removing the Fantom bridge: “After the Harmony bridge event and the recent Nomad bridge exploit, the Aave community should consider the risk/benefits of keeping an active Aave V3 market on Fantom as this network is dependent on any swap…
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Arestado ang tatlong suspek na tumangay umano ng daan-daang milyong pisong crypto currency na bitcoin sa kanilang mga biktima. Ang 30% tubo kada buwan daw na kanilang ipinangako, bigla na lang daw napako. Nakatutok si Emil Sumangil, exclusive. 24 Oras is GMA Network’s flagship newscast, anchored by Mike Enriquez, Mel Tiangco and Vicky Morales. It airs on GMA-7 Mondays to Fridays at 6:30 PM (PHL Time) and on weekends at 6:00 PM. For more videos from 24 Oras, visit For breaking news…
En Twitter, @samczsun, un investigador en la firma de inversiones cripto Paradigm, explicó que una actualización reciente de uno de los smart contracts de Nomad facilitó a los usuarios la falsificación de transacciones. Esto significa que los usuarios podían extraer dinero del puente de Nomad que no les pertenecía. Source
Singapore-based crypto exchange Zipmex is to release solana, cardano and XRP tokens to users’ wallets over the coming days after it blocked customers from direct custody of their coins last month. Source