Bitdeer clocks 50% gross profit jump amid Bitcoin mining ramp up
The Bitcoin miner reported a net loss of $17.7 million in the second quarter of 2024 despite hashrate growth.
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Crypto phishing attack drains $55M from whale’s wallet
Blockchain security experts warn against signing unknown transactions and highlight the growing threat of phishing scams in crypto.
NFT trading volume nears $1B as markets turn bullish: Report
The average value of NFT transactions climbed from $126 to $270, showing an increase of 114% in November. 238 Total views 2 Total shares As crypto markets turn bullish, nonfungible token (NFT) trading has started to join the wave, with volume nearing $1 billion in November, according to data published by the decentralized app tracking
Market Mayhem: Bitcoin Sinks Below $3.4K, Ethereum Plummets to Double Digits
Friday, Dec. 7 — Crypto markets have today again taken a major downturn, with virtually all of the major coins by market cap seeing double digit losses. Some coins are down by over 20 percent, as data from Coin360 shows.Market visualization by Coin360Bitcoin (BTC) has taken a steep hit of over 11 percent on its…
Bank of England sees CBDCs as a revolution for the future of money
The Bank of England estimates that 20% of retail and consumer deposits could potentially move toward CBDCs. 255 Total views 1 Total shares In an event streamed live on Wednesday, Bank of England governor Andrew Bailey and deputy governor for financial stability Sir Jon Cunliffe answer questions from lawmakers from the Economic Affairs Committee. When asked…
The rise of DEX robots: AMMs push for an industrial revolution in trading
Centralized exchanges play an important role in the cryptocurrency industry. While their decentralized exchange counterparts have been growing in popularity and usage since 2020, the overwhelming majority of crypto trading volume is still concentrated on centralized exchanges. The supremacy of CEXs can be clearly observed in the size and popularity of trading platforms like Binance and…
Ethereum price breaks out, hits 2-month high versus Bitcoin — is the rally sustainable?
The rally has pushed ETH price toward strong resistance levels, increasing its pullback risks against Bitcoin. 1338 Total views 7 Total shares Ethereum's native token Ether (ETH) has successfully avoided a bearish technical setup to reach a two-month high against Bitcoin (BTC).ETH price bear flag invalidatedThe ETH/BTC pair invalidated its prevailing "bear flag" pattern after…
Mining service provider faces $100M lawsuit over pyramid scheme allegations in China
Prosecutors alleged that the executives of a Filecoin mining project orchestrated an elaborate pyramid scheme and scammed the participants. 55 Total views 2 Total shares Five executives from a Filecoin mining service are facing a lawsuit at the People's Court of Pingan County in China, over allegations that they pilfered millions of dollars and left…
Bitcoin price bounces 4% as triple ‘death cross’ sparks sub-$50K warning
BTC price weakness sees negative funding rates and a distinctly risk-off mood among Bitcoin traders.