Day: November 7, 2022

Deribit hackers move stolen Ether to Tornado Cash crypto mixer

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In the aftermath of the $28 million Deribit hack, the unknown exploiter is moving stolen funds using the decentralized cryptocurrency mixer, Tornado Cash. The Deribit hot wallet hacker has transferred a total of 1,610 Ether (ETH), or around $2.5 million, to Tornado Cash, according to data from the Ethereum block explorer Etherscan. The funds were transferred in 17 transactions, with the first outgoing transaction occurring on Nov. 5 —just a few days after Deribit suffered the hack. The amount of funds moved to Tornado Cash is just a fraction of…

Tesla's investment in bitcoin is a really big deal: Galaxy Digital's Novogratz

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Tesla announced Monday it has bought $1.5 billion worth of bitcoin. In a filing with the Securities and Exchange Commission, the company said it bought the bitcoin for “more flexibility to further diversify and maximize returns on our cash.” Michael Novogratz, Galaxy Digital CEO and chairman, joined “Squawk Box” on Monday to discuss. To see the full interview with Novogratz sign up for a free trial to CNBC Pro: Tesla announced Monday it has bought $1.5 billion worth of bitcoin. In a…

Google Cloud Says Running Validator on Solana Blockchain

Google Cloud is running a validator on the Solana blockchain, according to an announcement from the company. The validator will soon add new features that will allow integration for Solana (SOL) developers and node runners. Following the news on Saturday, SOL rose 12% to around $36.80. It has come back down to $31.51 at the time of writing. Google Cloud announced on Twitter that besides the validator, the tech giant is also working to add its Blockchain Node Engine to the Solana chain in 2023. The Blockchain Node Engine is…

Wuhan omits NFTs from metaverse plan amid regulatory uncertainty in China

The Chinese city of Wuhan had reportedly shelved its aspirational nonfungible tokens (NFTs) plans amid growing regulatory uncertainty around the crypto and Web3 technologies in the country. Wuhan first announced its plans to support metaverse and NFTs in the aftermath of the coronavirus breakout as a measure to boost its economy ruined by the pandemic. The city was the epicenter of the COVID-19 breakout. The Wuhan government’s draft industrial plan for the city’s metaverse economy development included a line about NFTs. However, that part has now been omitted from the…

2 Weeks Later – Is It Worth Mining Bitcoin with the Bitmain Antminer S19?

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io I’ve been running the Bitmain Antminer S19 (95Th/s) for just over two weeks now – and it’s time to check the mining profitability Bitcoin earnings. Is this BTC miner worth buying, or should you try to earn passive income with cryptocurrency another way now? Subscribe! Get the in-stock S19 from CoinMiningCentral – Trade Bitcoin and other coins with FTX – The Antminer S19 is one of Bitmain’s most popular mining rigs. But just because it’s popular, does that mean it’s worth buying?…

FTX Token price risks 30% plunge as a 23M FTT ‘part’ moves to Binance

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An ongoing selloff in the FTX Token (FTT) market could worsen in the coming months owing to a mix of pessimistic technical and fundamental indicators. FTT could plunge 30% From a technical perspective, FTT has formed an inverse-cup-and-handle pattern on the daily chart, identifiable by its crescent-shaped price trend followed by a less extreme upward retracement. On Nov. 6, FTT broke below the pattern’s support line near $22.50, accompanied by a volume spike. The FTX exchange token’s selloff continued on Nov. 7 below the support line, raising risks of a…

Crypto no more in top 10 most-cited potential risks: US central bank report

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While proponents of traditional finance remain keen on dismissing Bitcoin (BTC) and the crypto ecosystem as financial risks, a survey conducted by the Federal Reserve Bank of New York — one of the 12 federal reserve banks of the United States — revealed 11 factors that overshadow crypto in terms of risk in 2022. Geopolitical tensions, foreign divestments, COVID-19 and high energy prices were found to be some of the most-cited potential risks for the US economy, according to a central bank survey published by the Federal Reserve System. Federal…

Santander to Ban Real-Time Transactions to Crypto Exchanges

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Santander reportedly alerted clients by email earlier, according to Reuters. The bank declared that it will restrict real-time transactions on cryptocurrency exchanges starting in 2023. Santander announced that it plans to block all faster payments they identify to cryptocurrency exchanges from Santander accounts in order to further safeguard clients, noting that the measure will be imposed during the course of 2023. The banks and their clients frequently use the Faster Payments Service in the United Kingdom. Santander’s announcement does not consist of any specific plans to offer consumers additional ways…