CryptoSlate Daily wMarket Update – Sept. 16 to Sept. 18

The total cryptocurrency market cap saw net outflows totaling $59 billion. As of press time, it stood at $903.51 billion, down 6% over the weekend. Bitcoin’s market cap fell 5.5% over the reporting period to $357.68 billion from $378.69 billion. Meanwhile, Ethereum’s market cap fell by 11%, dropping from $180.31 billion to $159.70 billion over …

Vietnam Crypto Miners Complain About Losses From Ethereum’s Merge

Miners in Vietnam have expressed grievances over the loss of business following Ethereum’s transition to a consensus mechanism that does not require the energy-intensive computing they were providing. Many are in trouble, local media reported, quoting entrepreneurs and mining enthusiasts. Cryptocurrency Miners Hit by The Merge, Vietnam Report Reveals Vietnam’s crypto miners have suffered heavy …

Working Group to Develop Efficiency Standard for Crypto Mining in Russia

Crypto industry experts have formed a working group to draft a standard for energy-efficient and profitable cryptocurrency mining in Russia. The rules will aim to help developers and data center operators offer investors increased hardware uptime. Russia Prepares to Improve Efficiency of Mining Facilities in 2023 A group of crypto specialists have teamed up to …

Nigerian Inflation Rate Rises to 20.52% in August — Month-on-Month Rate Drops

While Nigeria’s year-on-year inflation rose for the seventh straight month to 20.52% in August 2022, the latest data from Nigeria’s National Bureau of Statistics shows that the month-on-month rate declined from 1.82% to 1.77% during the same period. The depreciation of the local currency, disruptions in the supply of food products, and an increase in …

Study: Samsung Named Most Active Investor in Crypto and Blockchain Startups

Between September 2021 and mid-June 2022, Samsung invested in 13 crypto/blockchain companies thus making the South Korean corporation the most active among the top 40 corporations. Google’s parent Alphabet firm, on the other hand, tops the category of top corporations that participated in the biggest funding rounds. 40 Corporations Invest $6 Billion According to the …

Number of Youtube Crypto Stream Scams and Fake Domains Explodes in H1 2022

A report issued by Group-IB, a Singaporean cybersecurity company, has found that the number of cryptocurrency scams that use fake domains has exploded during the first half of 2022. The number of these domains has grown fivefold, and most of these campaigns, though registered with Russian registrars, are designed to reach English and Spanish-speaking crypto …

Carlita, DJ Tennis, and Calamar Crew to Headline AFTER 2049, the Official Closing Event for Asia’s Largest Web3 Conference

press release PRESS RELEASE. TOKEN2049, Asia’s premier crypto conference, announced the DJ line-up of AFTER 2049, the official closing event of this year’s September edition. Headlined by Istanbul-based DJ and producer Carlita, electronic icon DJ Tennis, and Moojo, Mo-Shi and Leon (Calamar Crew), AFTER 2049 will be taking place on Friday, 30 September as it …

Bears Are Dominating KIBA’s Market, TAMA is now sold out!

KIBA/USDT market has been on a long bearish trend. This trend started around mid-last month and has extended till now. However, it appears as if a ray of hope is already reflected in this market, could this be a turnaround? Kiba Inus Forecast Statistics Data: KIBAs current price: $0.000003958 KIBAs market cap: $4.04 million Kiba …

Lucky Block Price Deduction: LBLOCK Rises Steadily

LBLOCK: 19th of September Gradually influx of buyers into the LBLOCK/USDT market is supplying some steady upside push to price action. This activity can be seen as an attempt to recover lost higher price levels due to selling pressure. Consequently, this could be a step towards big price moves. LBLOCK Price Now: $0.0005526 Market Cap …

Crypto Strategist Issues Dire Warning to Traders, Details End-of-Year Bitcoin Prediction

A closely followed crypto strategist who continues to build a following with timely Bitcoin calls is unveiling his worst-case scenario for BTC. Justin Bennett tells his 108,800 Twitter followers that Bitcoin is forming a large bearish pattern that could potentially push BTC close to its 2018 bear market lows. “Since late May, BTC has formed …

Australian senator drafts bill aimed at stablecoin, digital yuan regulation

Australian Liberal Senator Andrew Bragg has released a new draft bill aimed at clamping down on digital asset exchanges, stablecoins, and China’s central bank digital currency, the e-Yuan. In a statement on Sept. 18, Senator Bragg stated that “Australia must keep pace with the global race for regulation on digital assets” as “it is essential that …

Decentralized exchange GMX suffers $565K price manipulation ‘exploit’

Decentralized exchange (DEX) GMX has reportedly suffered a price manipulation exploit from an exploiter who managed to make off with around $565,000 from the AVAX/USD market. The unidentified exploiter is understood to have capitalized on GMX’s “minimal spread” and “zero price impact” features to pull off the exploit, which impacted GLP token holders who provided …

Sports sponsorship is helping legitimize crypto in Australia — Coinjar exec

The sponsorship of high-profile sports and teams may be key to legitimizing the crypto industry to the general masses, according to Luke Ryan, Head of Content at Australian crypto exchange CoinJar. In May 2021, the exchange became the first crypto company in Australia to sponsor an Australian Football League (AFL) club by partnering with the …

Terra Founder Do Kwon Might Be On A Run: Report

A Bloomberg report citing South Korean prosecutors assert that Do Kwon might be evading the investigation launched against him  The Terra founder is not in Singapore as presumed earlier, raising questions on whether Do Kwon is allegedly on a run to evade legal probes initiated against him.  South Korean prosecutors are not able to track …

Chiliz (CHZ) Pumps 13% in Seven Days: Here’s Why!

Despite the cryptocurrency market’s ongoing bearish trend, the Chiliz (CHZ) coin has extended its winning streak and gained additional bids above the $0.2287 mark. Chiliz has once again demonstrated that it is one of the most volatile assets on the market. The CHZ price has performed admirably over the last few weeks. However, the fundamental …

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