A former employee of DeFi protocol Ankr maliciously caused a $5 million exploit earlier this month, according to a blog post published on Ankr’s website. Source
DeFi Protocol Ankr Says Ex-Employee Caused $5M Exploit
Day: December 21, 2022
The Next Generation of Automated Settlement
We have elaborated the circuitry of DeFi, and must now realize its potential to replace the oil lamps, hand cranks and steam engines of the present financial landscapes. Source
Bitcoin rebound to $18.4K? BTC price derivatives show strength at key support zone
Bitcoin (BTC) price lost 11.3% between Dec. 14 and Dec. 18 after briefly testing the $18,300 resistance. The move followed a 7-day correction of 8% in the S&P500 futures after the U.S. Federal Reserve chair Jerome Powell issued hawkish statements after raising the interest rate on Dec. 14. Bitcoin price retreats to channel support Macroeconomic trends have been the main driver of recent movements. For instance, the latest bounce from the 5-week-long ascending channel support at $16,400 has been attributed to the Central Bank of Japan’s efforts to contain inflation.…
The Future of Cryptocurrency: 6 Experts’ Opinion on Cryptocurrency Investing – Robert Kiyosaki
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io In 2021, Bitcoin hit all-time high prices, it experienced a major crash, regulations from the Government, and buy-in from major … ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version
Bitcoin miner Northern Data says it has no financial debt, expects $204M in revenue for 2022
According to a new letter to shareholders posted on Dec. 21, Aroosh Thillainathan, CEO of German Bitcoin (BTC) mining company Northern Data, said that the firm expects to generate upwards of $202M to $206M in revenue from crypto mining operations this year. At the midpoint range, this represents a growth of 1.11% from Northern Data’s total sales of $202M for the 2021 fiscal year, when the firm grew its revenue ten-fold from 2020. Thillainathan added: “Northern Data is not carrying financial debt and therefore has access to the unique opportunity…
Australian Crypto Exchange Swyftx Shelves $1.5bn Merger with Superhero
Brisbane-based cryptocurrency exchange, Swyftx, and shares trading and superannuation platform, Superhero, have abandoned a merger deal they agreed to earlier in June. The deal was supposed to create “a $1.5 billion financial services giant” through the integration of platforms. Grab your copy of our latest Quarterly Intelligence Report for Q3 2022 before your competitors and stay up-to-date with crucial developments in the Forex and CFD industry! Announcing the deal in June, Swyftx described it as “a historic merger that will create the country’s first digital and traditional finance powerhouse.” However,…
Core Scientific Files for Bankruptcy Protection, Firm Plans to Continue Mining Bitcoin to Pay Down Debt – Mining Bitcoin News
On Dec. 21, 2022, one of the largest bitcoin mining operations in the industry, Core Scientific, filed for Chapter 11 bankruptcy protection in the Southern District of Texas. According to the filing, Core Scientific has roughly 1,000 to 5,000 creditors and its estimated assets are worth between $1-10 billion. Core Scientific Voluntarily Files for Chapter 11 Bankruptcy Protection, Company’s Largest Unsecured Creditor Is the Financial Institution B. Riley Another crypto firm has filed for bankruptcy protection as the crypto winter has caused a myriad of businesses to shudder this year.…
Bullish On Chart As Chainlink Price Dips To Multi-Month Low
The Chainlink price has dropped to an eight-month low as the coin fell from the $6.30 price level. Since the Chainlink price has touched a multi-monthly low, the chances of the price turning around remain extremely likely. As Bitcoin slipped on its chart too, most altcoins have been depreciating on their respective charts as well. The technical outlook of the coin was bearish as accumulation decreased due to an increase in liquidation. Broader market support is necessary for LINK to propel its price to a higher level. For instance, Bitcoin…
Opposition press links Russian lawmaker to local crypto OTC
A Russian legislator who was one of the authors of the bill to legalize cryptocurrency mining in the country has been tied to a local over-the-counter (OTC) exchange known as Bankoff. Russian opposition activist Mikhail Khodorkovsky linked Bankoff OTC to lawmaker Andrei Lugovoi in an article of London-based investigative project Dossier Center on Dec. 19. The 6,000-word article was accompanied by a video titled “Crypto-Kremlin: How the authorities launder Bitcoin,” released on Khodorkovksy’s Live YouTube channel. According to Dossier, Bankoff is the most active peer-to-peer trader using Russian rubles on…
The best crypto gifts this holiday season
Each person who receives cryptocurrency becomes a member of a community already numbering in the millions, with common goals, interests and plans. But how can you find the right gift for the crypto enthusiast in your life when the holidays come around? It’s no secret that people struggle to choose gifts when they want to meet the expectations of another person. This holiday season, Cointelegraph has put together a list of crypto gifts that crypto hodlers will appreciate. Crypto It may seem too simple, but it can be difficult to…