The host of popular YouTube channel Coin Bureau believes an increase in interest rates as a result of the Federal Reserve’s actions could have a devastating impact on crypto asset prices. The pseudonymous analyst known as Guy warns his 2.1 million YouTube subscribers that starting this month, the Federal Reserve will accelerate the selling of …
Monthly archives: September 2022
Surge or purge? Why the Merge may not save Ethereum price from ‘Septembear’
Ethereum’s native token, Ether (ETH), is not immune to downside risk in September after rallying approximately 90% from its bottom of around $880 in June. Much of the token’s upside move is attributed to the Merge, a technical upgrade that would make Ethereum a proof-of-stake (PoS) protocol, slated for Sep. 15. But despite logging impressive gains between …
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Are Bitcoin transactions anonymous and traceable?
It can be difficult to track Bitcoin transactions when people use various wallets and Bitcoin mixers. These factors disrupt the search process and take up a lot of time. Despite the fact that it is challenging for users of a Bitcoin wallet to conduct transactions completely anonymously, there are several ways to get close to …
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Ethereum Staking Options: Everywhere You Can Earn Returns on ETH
Several popular services can help you earn rewards on Ethereum. Here’s how you can start staking your ETH holdings. Ethereum’s merge is intended to introduce staking to the popular blockchain platform. These services make it easy to earn rewards by staking ETH. Some popular cryptocurrency exchanges support ETH staking. This is a convenient option for …
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CNBC Analyst Brian Kelly Warns Upcoming Ethereum Merge Is Riskier Than Traders Realize – Here’s Why
The CEO of digital currency investment firm BKCM is weighing in on the prospects for Ethereum (ETH) just weeks before the project initiates a major network upgrade. In a new episode of Fast Money, CNBC contributor Brian Kelly first mentions how Ethereum investors might not be earning as big of a payday for profitable trades …
Bitcoin market dominance plumbs 4-year lows as BTC price ditches $20K
Bitcoin (BTC) traded below $20,000 on Sep. 3 as commodities declined on news of a G7 Russian energy ban. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView All down after gloomy macro week Data from Cointelegraph Markets Pro and TradingView showed ongoing lackluster performance on BTC/USD, which traded around $19,800. The largest cryptocurrency looked increasingly unable …
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Binance identifies KyberSwap hack suspects, involves law enforcement
Helping investigate a $265,000 hack on decentralized crypto exchange KyberSwap, crypto exchange Binance narrowed down two suspects that seem responsible for the attack. On Sept. 1, Kyber Network succumbed to a frontend exploit, allowing the attacker to make away with $265,000 worth of user funds from KyberSwap. While investigations were underway, KyberSwap offered a 10% …
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NFT Signals Joins Hands With Xchange Monster to Exploit Synergies
NFT Signals is definitely on a roll these days. From garnering massive profits for its users to associating with some game changers in the NFT ecosystem, it’s certainly doing all the right things. The NFT Signals platform has made profits worth $22 million for its Telegram channel subscribers till now, which in itself is a …
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Floki Inu Partners with OKX Chain for LP Locker
Floki entered into a partnership with OKX Chain and together, they’ll be launching FlokiFi Locker on the OKX Chain mainnet. OKX Chain OKX chain is an open source blockchain that primarily focuses on trading while being compatible to be used as a platform for decentralized applications as well as decentralized exchanges. The chain effortlessly supports …
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Lucky Block seems bullish despite Gate.io’s listing error
Despite the bearish sentiments in the market, it is becoming fairly evident every day that cryptocurrencies have been gaining investors. While a chunk of investors has clearly pulled their funds from the industry, there has been a surge of new investors and major organizations in the past months. This doesn’t however mean that the blockchain …
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Lucky Block V1 Pumps by 40% – Is it the most undervalued crypto of 2022?
Lucky Block is one of the best utility tokens in the market right now, whose value only increased after the recently announced Lucky Block V2. And with it came a promise that Lucky Block would soon end up on bigger and better cryptocurrency exchanges. However, recently, the price of the original Lucky Block – V1 …
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Cardano founder asks why proponents of ADA token burn are “consumed with idiocy”
In a community dispute over Cardano token burning, Input Output CEO Charles Hoskinson re-asserted his view that the practice is worthless. Speaking in a disparaging yet playful tone, the Cardano founder implored advocates of the practice to deeply consider their life choices and ask themselves why they are “consumed with idiocy and avarice.” He continued …
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World Economic Forum weighs in on CBDC adoption and DLT use cases
World Economic Forum (WEF) published its dynamic take on CBDCs in a blog post titled, “What are central bank digital currencies (CBDCs)?” on August 31, following The Reserve Bank of Australia’s central bank’s (RBA) plans to launch a CBDC pilot project. On 9 August, The Reserve Bank of Australia’s central bank (RBA) announced in a …
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Sanctioned Russian Bank Tests In-app Operations With Digital Rubles
A Russian bank, one of the country’s largest by assets, has conducted a successful trial with digital ruble transactions processed through its mobile app. The state-owned Promsvyazbank was one the institutions placed under Western sanctions earlier this year in connection with Moscow’s actions in Ukraine. Russian Bank Experiments With Digital Ruble Transfers via Mobile Application …
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Comedian Bill Murray’s Wallet Hacked for $186K Worth of Ethereum After NFT Charity Auction
American actor and comedian Bill Murray saw 119.2 ethereum drained from his wallet on September 1, 2022, after Murray held a non-fungible token (NFT) charity auction. Statistics show that most of the tokens and NFTs in Murray’s wallet have been moved, and roughly $556 in token value remains. Bill Murray Loses 119 Ethereum to Hackers …