The Bitcoin price prediction gains 1.14% as bulls keep working hard to nurture a bullish trend above the upper boundary of the channel. Bitcoin Prediction Statistics Data: Bitcoin price now – $23,441 Bitcoin market cap – $447.8 billion Bitcoin circulating supply – 19.1 million Bitcoin total supply – 19.1 million Bitcoin Coinmarketcap ranking – #1 …
Monthly archives: August 2022
Vitalik: Layer-2 scaling will make crypto payments ‘make sense’ again — KBW 2022
Ethereum co-founder Vitalik Buterin has argued that crypto payments will once again “make sense” as transaction costs will soon fall to fractions of a cent due to layer-2 rollups. The Cointelegraph team currently on the ground at Korea Blockchain Week (KBW) quoted Buterin as stating that the final hurdle to getting transactions down to fractions of …
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Aurora Labs exec details ‘fascinating and devious’ crypto scam he almost fell for
Aurora Labs’ head of product, Matt Henderson says there is a sophisticated over-the-counter (OTC) transaction scam running about that almost duped him into losing a stash of his hard-earned cryptocurrency. Henderson detailed his personal run-in with a scam artist known as ‘Olai’ to his Twitter followers on Aug. 5. Olai’s scam essentially involves tricking a …
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60 million NFTs could be minted in a single transaction: StarkWare founder
Zero-knowledge (ZK) rollup tech company StarkWare founder Eli Ben-Sasson says its new Recursive validity proofs could theoretically roll up as many as 60 million transactions into one on the Ethereum blockchain. The zkSTARK co-inventor made the comments to Cointelegraph during ETH Seoul on Aug. 7 after announcing the start of production of StarkWare’s new Recursive …
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Once-hacked for $77M, Beanstalk’s algo stablecoin protocol relaunches
Ethereum-based algorithmic stablecoin project Beanstalk Farms has relaunched its protocol just under four months after going offline after suffering a devastating $77 million governance exploit. The protocol and its governance have been paused since April following the governance exploit and flash loan attack, but were relaunched as of Aug. 6 in an event called the …
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Beanstalk Stablecoin Relaunches Four Months After Getting Hacked For Nearly $182 Million.
Beanstalk stablecoin relaunches after going offline for four months. The stablecoin was earlier a victim of a flash loan attack that resulted in the firm losing nearly $182 million worth of funds. The credit-based stablecoin Beanstalk has relaunched its protocol after four months. The stablecoin had earlier suffered a massive flash loan attack that rendered …
3 Bills Introduced in US to Make CFTC Primary Regulator of Crypto Spot Markets
Three different bills have been introduced in the U.S. this year to empower the Commodity Futures Trading Commission (CFTC) to be the primary regulator of the crypto spot markets. Lawmakers Want CFTC to Be Primary Regulator of Crypto Spot Markets Three bills have been introduced in Congress so far this year to make the Commodity …
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Tesla CEO Elon Musk Says Inflation Has Peaked — But We’ll Have a Recession for 18 Months
Tesla CEO Elon Musk believes inflation has peaked and the U.S. economy will be in a recession for about 18 months. “We do get a fair bit of insight into where prices of things are going over time,” the billionaire explained, noting that “inflation is going to drop rapidly.” Elon Musk Explains Why He Thinks …
Renowned Investor Jim Rogers Warns Governments Want to Control Crypto — ‘They Want to Regulate Everything’
Veteran investor Jim Rogers, who co-founded the Quantum Fund with billionaire investor George Soros, has warned about cryptocurrency, stating that “if and when all our money is on our computer, it’s going to be government money.” Nonetheless, he noted that his wife invests in crypto. Jim Rogers’ Crypto Warning Famed investor Jim Rogers shared his …
Tamadoge Beta Presale Raises more than half a million dollars in days: Is it the next Dogecoin?
Every year a project comes along that redefines the crypto industry in multiple ways. This year, we have Tamadoge. It is a cryptocurrency of a play-to-earn metaverse game that combines the aesthetics of a memecoin and gives it utility. The crypto crowd is feverishly bullish about this coin, as evident by the Tamadoge beta presale …
Cardano Price Moves Above $0.50, Is The Price Ready For Breakout?
Cardano price is currently trading slightly above $0.50, price of the asset has been consolidating over the past few days. ADA has been struggling below the immediate resistance level. The coin has attempted to flash a break-out couple of times but it was met with the bears each time. Since Cardano price is trading sideways, …
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Analysts Predicts Bitcoin Will Plunge Shortly But Suggest Buy Bitcoin
It is no secret that many cryptos have been experiencing a price plunge. As of June 18, the price of the world’s largest digital currency, Bitcoin, fell to about $17,622. This data was taken from Binance. Since then, there have been several conversations as to whether or not that price will be the lowest for …
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Despite Bear Market Uniswap Gains Significant Traction, What’s The Reality?
The past few weeks have brought a positive twist in the flow of events within the cryptocurrency market, especially for Uniswap. Lots of the crypto assets are gaining more value in their prices. This overturns after the severe crypto winter that puts lots of protocol at the edge. Most witnessed drastic price drops up to …
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What Would Be The Ethereum Merge Impact On Cryptocurrency Miners
Miners of both Bitcoin and Ethereum are still thriving regardless of the crypto winter. The revenue generated by Ethereum miners surpasses that of Bitcoin miners, according to the 2022 record. The growth of the miners is quite surprising given the increase in the cost of electricity. But all that might come crashing down very soon. …
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Top Analyst Says Ethereum (ETH) About To Rip, Calls One Exchange Token an ‘Actual Tank’
A popular crypto strategist says that a breakout rally is in sight for leading smart contract platform Ethereum (ETH). The crypto analyst known in the industry as Kaleo tells his 531,000 Twitter followers that Ethereum has broken out of its diagonal resistance against Bitcoin (ETH/BTC), and the pair looks primed for a new leg up. …