Bitcoin ASIC miners — machines optimized for the sole purpose of mining Bitcoin — are currently selling at bottom-of-the-barrel prices not seen since 2020 and 2021, in what is being viewed as another sign of a deepened crypto bear market. According to the latest data from Hashrate Index, the most efficient ASIC miners, those generating
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Crypto trading volumes in India have plunged significantly this year. The FTX meltdown has exacerbated the problem, hurting “the sentiment across crypto tokens.” Local crypto experts are not expecting a recovery in the near future “Unless something dramatic happens” in the upcoming Union Budget. Indian Crypto Market ‘Dead’ Since April, Says Expert Cryptocurrency trading volumes
Nonfungible token (NFT) firm Dust Labs is migrating its two top-performing Solana NFT projects — DeGods and y00ts — onto Ethereum and Polygon in a bid to expand their adoption. The news was announced on DeGods and y00ts Twitter page on Dec. 25, with both NFT projects expected to be officially bridged onto Ethereum and
Kabosu, the Shiba Inu dog behind the face of Dogecoin (DOGE) and the “doge” meme is in a “dangerous position” healthwise, according to her owner. In a Dec. 26 Instagram post that was then shared on Twitter, Atsuko Satō, a Japanese kindergarten teacher and Kabosu’s owner said the rescue dog was in a “dangerous” state,
Banking giant HSBC has filed trademark applications with the United States Patent and Trademark Office (USPTO) for a wide range of digital currency products and services, including those related to the metaverse and non-fungible tokens (NFTs). HSBC’s Trademark Applications for Crypto-Related Products and Services HSBC has filed two crypto-related trademark applications for its name and
The Bitkeep exploit that occurred on Dec. 26 used phishing sites to fool users into downloading fake wallets, according to a report by blockchain analytics provider OKLink. The report stated that the attacker set up several fake Bitkeep websites which contained an APK file that looked like version 7.2.9 of the Bitkeep wallet. When users
Two prominent Solana projects have announced they are transitioning over to new blockchains. The non-fungible token (NFT) venture Degods detailed it will be moving to the Ethereum chain and the Y00ts NFT team detailed it is moving to Polygon. Both teams said the transitions will take place in 2023. Degods Says NFT Project Will Move
Former FTX CEO Sam Bankman-Fried landed in the United States on Dec. 21. And, at least till the end of his court cases, he will live with his parents in Palo Alto, California. A bail was granted to SBF on the conditions of a $250 million bond, home detention, location monitoring and the surrender of
Gold prices are ending the year a hair below the values recorded 12 months ago. Statistics on Dec. 26, 2021, show the U.S. dollar value per ounce of gold was $1,810 per unit, and today gold is $1,797 per ounce. Silver, on the other hand, managed to increase a hair in value since last year,
The cryptocurrency markets are trading at record low volatility as investors have largely stayed away during the holiday season. That could be because investors are unsure about the cryptocurrencies that could lead the next bull run. Cumberland senior research analyst Steven Goulden said in a “Year in Review” report that he expects four “emerging narratives”
Litecoin raced to a ten-day high to start the week, as markets returned from the Christmas holiday weekend. The token extended recent gains to start the week, and neared a key resistance point in the process. Xrp was also higher, as it also collided with a price ceiling. Litecoin (LTC) Litecoin (LTC) was one of
Like most crypto projects this year, non-fungible tokens (NFTs) felt the pain of 2022’s crypto winter as sales are down a great deal and blue-chip NFTs have been slashed in value. For instance, last month, there was roughly $534 million in NFT sales compared to the $2.77 billion in NFT sales sold in Dec. 2021.
According to a new Medium post published on Dec. 26, decentralized finance (DeFi) architect Andre Cronje reaffirmed goals and priorities for the Fantom (FTM) ecosystem in 2023. Cronje, who previously created protocols such as Yearn Finance and Keep3rV1, also revealed that he accepted a position as a board of directors member for both Fantom Foundation
Bitcoin (BTC) hodlers are enjoying another day of zero volatility on Dec. 26 as hopeful forecasts se signs of a trend change. Opinions diverge further over BTC price bottom Data from Cointelegraph Markets Pro and TradingView confirmed more sideways action near $16,800 for BTC/USD on Boxing Day. The pair took the holiday period in stride,
Bitcoin (BTC) accumulation is nearing a new milestone this Christmas as redistribution of the BTC supply continues. Data from on-chain analytics firm Glassnode shows that the total BTC balance of so-called “accumulation addresses” is nearing all-time highs. “HODL-only” BTC addresses climb closer to 1 million mark Behind the scenes in the 2022 Bitcoin bear market,
press release PRESS RELEASE. Seychelles, December 26, 2022 – Leading global cryptocurrency exchange, Bitget launches “MegaSwap“, a new feature on its platform that enable the platform’s users to trade or swap their digital assets for over 10,000 cryptocurrencies on a DeFi environment. With a MegaSwap account, users can gain access to trade through eight influential
Major cryptocurrency mining pool BTC.com has suffered a cyberattack resulting in a significant loss of funds by the company and its customers. BTC.com experienced a cyberattack on Dec. 3, with attackers stealing around $700,000 in client assets and $2.3 million in the company’s assets, the mining pool’s parent firm BIT Mining Limited officially announced on
Cryptocurrencies were mostly consolidating on Dec. 26, as markets remained muted following the Christmas weekend. Bitcoin remained marginally above a key support point at $16,800, whilst ethereum remained near a ceiling at the $1,230 mark. Overall, the global crypto market is up 0.20% as of writing. Bitcoin Bitcoin (BTC) remained slightly above a ceiling at
Traders looking forward to a rally during Christmas were disappointed as the markets turned out to be steady as many celebrated the holidays. Crypto community members expressed their disappointment by sharing memes, with some even employing their creativity through poetry. On Dec. 23, Data tracker Coinstats shared an image showing positive market movements and floating
A Ukrainian living in the U.S. has reportedly hacked a major drug market on the Russian dark web, diverting some of its crypto proceeds. The man says he donated the digital cash stolen from the illicit website to an organization delivering humanitarian aid across his war-torn homeland. Wisconsin Resident With Ukrainian Roots Hacks Russian Dark