As bitcoin and a number of crypto assets have dropped in value during the last two weeks, its seems that everyone’s hope for six-digit bitcoin prices has become unattainable. However, year-to-date, bitcoin has risen more than 150% in value and despite the rise, skeptics and critics continue to assume bitcoin is dead. In fact, the …
Yearly archives: 2021
Salvadoran Ecologist Claims Nayib Bukele’s Volcano-Powered Bitcoin Mine Will ‘End in Environmental Disaster’
El Salvador’s leading ecologist Ricardo Navarro believes that mining bitcoin with a volcano, or geothermal energy, will “end in environmental disaster.” Navarro believes geothermal energy costs more than oil, and thinks El Salvador’s millennial president Nayib Bukele’s decision is questionable. Salvadoran ecologist Ricardo Navarro Questions His Country’s Volcano-Powered Bitcoin City Venture During the second week …
Popular BTM Operator Bitcoin of America Wins Silver in 11th Annual Best in Biz Awards
press release PRESS RELEASE. Bitcoin of America has been named a silver winner in the Company of the Year – Midwest category in Best in Biz Awards, the only independent business awards program judged each year by prominent editors and reporters from top-tier publications in North America. Bitcoin of America is a popular virtual currency …
Bitmart Loses $200 Million in Hack Performed by Unknown Attackers
Bitmart, a cryptocurrency exchange, suffered an attack yesterday that exploited some security vulnerabilities in order to gain access to the funds of the exchange. The attack targeted the hot wallets of the platform, specifically the Ethereum and Binance Smart Chain-based wallets. The hackers managed to take almost $200 million in tokens from the platform. Bitmart …
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5 Top Crypto to Buy This Week [BTC, ETH, BNB, SOL MANA] December 2021 Week 2
The crypto market is currently under severe bearish control, with the total market cap down by 5.83% in the last 24 hours. Although most crypto assets have been trading in the red zone in the last few weeks, there are a few top crypto to buy this week. 1. Bitcoin (BTC) Bitcoin is regarded as …
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Celsius Network reportedly lost $50M during the $120M BadgerDAO hack
On-chain data has revealed that the BadgerDAO hack resulted in a $50M loss for the Celsius network. This means that Celsius, a crypto lending firm, was the largest victim of the hack. The $55M loss suffered by Celsius Network was in Wrapped Bitcoin (wBTC). Hacker stole $120M worth of wBTC BadgerDAO suffered a major hack …
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LUNA hits ATH after 2700% gains since May’s crash
The crypto market is currently facing a strong price recession. Last week, a market-wide selloff led to major losses, as Bitcoin dropped to around $48K. However, LUNA is proving to be resilient, and it is currently one of the best-performing tokens in the market. On December 5, LUNA hit an all-time high of $77. However, …
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Croatia’s food retail giant, Konzum, endorses crypto payments
Konzum, a giant retail store in Croatia, has announced that it will be accepting crypto payments. In the recent announcement, the retailer has stated that it has added nine cryptocurrencies as payments options. The initial cryptocurrencies that will be accepted when making purchases at Konzum’s online store include Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Bitcoin …
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Bitcoin could ‘drive people nuts’ for months with $53K BTC price ceiling — analyst
Bitcoin (BTC) may spend “months” ranging between recent $42,000 lows and $53,000 and cause panic in the process, popular analysts warned on Dec. 6. Discussing the BTC price outlook on Twitter, Scott Melker, known as the Wolf of All Streets, said that ranging behavior could last well into 2022. Bitcoin price bottoms could sink still …
Ethereum bulls retain hopes of $10K despite ETH price chart bear flag
Ethereum’s native token Ether (ETH) looks poised to extend its selloff this week as it wobbles near a key support level of $4,000. ETH price dropped by over 5.50% on Dec. 6 to an intraday low at $3,913. In doing so, it slipped through upward sloping support that constituted an Ascending Channel that — more …
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DAY LONG NEWS ROUNDUP: LATEST NEWS 06/12/21
The crypto realm is like an ever-changing magic shop that can bring fortunes and miseries for the holders within the passage of a single second. Acting ignorant can cost you some serious troubles. We don’t want that so here we are with the top 3 news of 6/12/2021 from the crypto sphere, take a look: …
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Decentralization Finance (DeFi): Digging into the Blockchain Frontier
Decentralized finance (DeFi) is a subset of the cryptocurrency trading business focussing on decentralized financial services. It includes several developer-created financial services accessible by all. DeFi solutions and centralized solutions differ in various aspects. The most important characteristic is that decentralized solutions are governed and controlled by a group of participants via decentralized networks. As …
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New Milestone Hit for Cardano As Network Amasses 1,000,000 Wallets Staking ADA
Smart contract platform Cardano (ADA) has reached a new milestone for the number of wallets ready to stake the sixth-largest crypto by market cap. According to Cardano-tracking site pool.pm, there are now over one million ADA holders ready to stake their coins to earn rewards. Users who hold ADA on the Cardano network have a …
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Top Crypto Analyst Says Ethereum Rival Primed for Price Explosion, With ETH Itself Set for Monster Rally
A popular crypto strategist and trader says Ethereum is primed for an epic rally and predicts that another smart contract platform is poised for a price eruption. The pseudonymous trader known in the industry as Smart Contracter tells his 195,500 Twitter followers that Ethereum is primed for a monster rally against Bitcoin (ETH/BTC) after the …
How to choose a secure DeFi wallet, explained
Picking the right DeFi wallet comes down to selecting a solution that supports the right assets and products while offering user’s a minimum level of security, simplicity, guidance and convenience. The number of DeFi wallets continues to increase, making it more difficult for users to determine which one is the best for them. Therefore, it …
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