Day: October 21, 2022

Argentina desmantela una instalación ilegal de minería de criptomonedas y detiene a 40 personas

CryptoX – Cryptocurrency Analysis and News Portal La AFIP localizó un galpón que presuntamente era utilizado para minar criptomonedas, “con una gran cantidad de placas de video junto a los bastidores y fuentes requeridos para su conexión”, dijo el organismo, y agregó que incautó “significativas cifras de dinero en efectivo” y equipamiento para la minería de criptomonedas. Original Source The post Argentina desmantela una instalación ilegal de minería de criptomonedas y detiene a 40 personas appeared first on CryptoX. CryptoX Portal

Hacker Siphons Close to $300K in OHM Tokens From the Olympus DAO – Bitcoin News

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On Friday, October 21, a malicious entity siphoned 30,437 OHM tokens from the Olympus DAO after finding a loophole in the rebase project’s smart contract. Following the exploit, the blockchain security and data analytics company, Peckshield, detailed the hackers stole close to $300K in OHM tokens. Hacker Exploits Smart Contract’s ‘BondFixedExpiryTeller’ Parameter, $292,000 in OHM Tokens Stolen After rising to colossal values at the end of 2021, the rebase token economy has collapsed in value, after a myriad of controversies and issues. In mid-January 2022, the top rebase tokens by…

Over $1.8B in Royalties Have Been Paid Out to Ethereum-Based NFT Creators: Galaxy Digital

According to data from Dune Analytics cited in the report, Nike, which acquired digital collectibles startup RTFKT, made $91.6 million in consolidated NFT royalties in comparison. Other real-world brands including Gucci, Adidas, Nickelodeon, McLaren that have successfully integrated NFTs into their business models have made some money off NFT royalties, though the number is far lower when compared with the creator royalties of top Web3-native entities such as Art Blocks, The Sandbox, Doodles, World of Women and more. Source

Arca Firm CEO Believes Crypto Winter Has Reached The End, How True Is That?

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In 2018, the cryptocurrency world experienced a crypto winter that saw the value of assets fall below 70-95% of their original value. This period lasted from January 2018 to December 2020. Currently, the crypto market is experiencing another chilly winter with its devastating effects felt on the top market player – Bitcoin. Despite the adoption and market dominance enjoyed by BTC: it still felt the crippling power of the bearish market cycle. Various predictions and speculations by experts relying on past market cycles are all over the place. With the…

Polygon Bulls In Control, According To This Indicator As Bitcoin Continues In A Range

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MATIC’s price remains strong despite price facing rejection from a high of $0.8 as the price holds above the key support area.  MATIC breaks out of a descending triangle as the price looks strong despite Bitcoin (BTC) dragging market prices down.  The price of MATIC trades above key support of $0.77 as the price continues to trade above 50 and 200 Exponential Moving Averages (EMA) on the daily timeframe.  Polygon (MATIC) price has held strong above the key support area after breaking out of its descending triangle and assuming a…

Celsius Network defaults on payments to Core Scientific, causing financial unrest

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Crypto lender Celsius Network’s legal journey has gained another chapter as Bitcoin (BTC) miner Core Scientific accused the company of refusing to pay its bills since filing for Chapter 11 bankruptcy, according to court papers filed on Oct. 19.  Core Scientific, which is one of the largest publicly traded crypto companies, claims the default on payments is threatening its financial stability, already hurt by crypto winter and high energy costs. In the court filings, Celsius alleges that Core Scientific delayed mining rig deployment and supplied them with less power than required…