“It’s important to note that data on the blockchain is unchangeable, and therefore it doesn’t lie,” the post said. “However, this data doesn’t always mean the same for each dapp. Furthermore, blockchain data doesn’t always paint the entire picture.” Source
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On October 11, the publicly-listed bitcoin miner Cleanspark announced that it has completed the acquisition of Mawson Infrastructure Group’s Georgia-based bitcoin mining facility. Following the acquisition, Cleanspark says it now manages 220 megawatts (MW) of bitcoin miners with a hashrate of over 4.7 exahash per second (EH/s). Cleanspark Hashrate Moves Closer to 5 Exahash, Firm Obtains 6,500 Mining Rigs From the Facility Acquisition Cleanspark (Nasdaq: CLSK) revealed on Tuesday that the mining firm has finished the acquisition of Mawson’s Georgia-based bitcoin mining facility located in Sandersville. The acquisition, Cleanspark says,…
A widely followed crypto analyst says the entry of a $47 billion asset manager could provide a much-needed shot in the arm for decentralized exchange (DEX) protocol SushiSwap (SUSHI). Will Clemente tells his 660,800 Twitter followers that one of the consistent use cases of crypto is enabling market participants to trade highly illiquid altcoins on decentralized exchanges. Says Clemente, “In fact, the ratio of DEX volume to centralized exchange spot volume is higher than it was this time last year mid bull run. There is clearly a consistent underlying demand…
Stock markets slide toward yearly lows while Bitcoin price remains range-bound. Here’s why crypto analysts expect a sharp move from BTC soon. If you were to hang around crypto traders this week, you would hear three phrases repeatedly muttered: “volatility,” “bond prices” and the potential of a “sharp move” in Bitcoin BTC price. Multiple analysts have placed emphasis on Bitcoin’s range-bound price action, leading some to question whether this is a sign of a market bottom, or even a decoupling from equities markets. In its latest “The Week On-chain” newsletter,titled “A…
The nonfungible token venture, originally scheduled with a half-year road map, lasted a little under four months. United States-based multimedia outlet CNN announced in a tweet on Oct. 10 that it would shut down its nonfungible token (NFT) project less than four months after its launch. Dubbed “Vault by CNN: Moments That Changed Us,” the collection included a series of tokenized iconic news moments from CNN’s 41-year history, along with a vault to purchase, store and display the NFTs. In explaining the decision, CNN said Vault was a “6-week experiment”…
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“Effective regulatory and supervisory frameworks should be based on the principle of ‘same activity, same risk, same regulation,’” said the FSB proposal. The international monitoring body Financial Stability Board, or FSB, has proposed a comprehensive framework for cryptocurrencies aimed at addressing potential risks while “harnessing potential benefits of the technology.” In an Oct. 11 report, the FSB opened a possible crypto regulatory framework to public comment including proposed policy initiatives, financial stability risks, and the approach the group could use to establish guidelines for digital assets. According to the report, the…
“We’re really looking at the multiplier effect, so mixers, tumblers and money laundering are important because they have a multiplier effect, they facilitate all sorts of criminal activities, different sorts,” she said. “By making sure that we are addressing … that activity, [we will] hopefully lessen the impact of crypto [crimes].” Source
The hack was allegedly caused by “a missing onlyMigrator check.” TempleDAO, a yield-farming decentralized finance (DeFi) protocol, lost over $2.34 million to a hack on Oct. 11. The exploit was announced by Twitter user Spreek, who shared that the DeFi platform had been hacked, along with a snapshot of how the stolen funds had been moved. .@templedao exploited for $2m it seems pic.twitter.com/k0nBLSoxnx — Spreek (@spreekaway) October 11, 2022 Blockchain security companies BlockSec and PeckShield confirmed in a series of tweets that the exploit had indeed occurred. BlockSec shared that…