Why is Bitcoin price down today?

The Nomad token bridge appears to have experienced a security exploit that has allowed hackers to systematically drain the bridge’s funds over a long series of transactions.Nearly the entire $190.7 million in crypto has been removed from the bridge, with only $651.54 left remaining in the wallet, according to decentralized finance (DeFi) tracking platform DeFi Llama.Nomad bridge…

Top holders control vast amounts of supply. 1903 Total views 24 Total shares A new report jointly developed by DappRadar and Monday Capital analyzes the token distribution and governance proposals seen in major DeFi protocols. Despite efforts to decentralize control in the yield farming phase, the researchers maintain that many projects — especially those with…

While you're undoubtedly "in it for the technology," the most popular and hotly-debated topic, particularly as far as public interest is concerned, remains the price of Bitcoin (BTC) and speculating on its value in the future. Currently, Bitcoin is in a bull market cycle, up over 200% year-to-date and outperforming everything else in 2020 with the…

Waves Enterprise, the business-focused spin-off of the Waves project, announced on the public release of its blockchain voting system primarily aimed at corporations and board governance.The Waves system uses blockchain at every step of the voting process, as votes are recorded and then counted with full cryptographic guarantees. Homomorphic encryption is used to accurately tally…

The dYdX platform allows users to trade perpetual contracts with exposure to various crypto markets. It claims to have built the fastest decentralized exchange through layer-two solutions. 1670 Total views 5 Total shares Venture firms from across the blockchain industry have thrown their weight behind decentralized exchange developer dYdX, offering further evidence that investors are…

A handful of DeFi tokens saw strong rallies even as bears continue to pin Bitcoin price below $33,000. 1741 Total views 13 Total shares Today Bitcoin (BTC) price continued to face selling pressure in the $32,500 to $33,000 resistance cluster and this led to a mild 3% to 5% pull back from most altcoins.Despite the…

Nejc Kodrič, Julian Sawyer and now Jean-Baptiste Graftieaux... It's unclear what led to the latest change in leadership of one of the oldest crypto exchanges. 332 Total views 6 Total shares Bitstamp, one of the oldest crypto exchanges in the world, has announced the appointment of Jean-Baptiste (JB) Graftieaux as its new global CEO following…

Monday, Oct. 8: markets have taken a near-unanimous upturn, even as onlookers have been pointing to a period of uncharacteristically stable price action in the crypto sphere. Virtually all the top 100 cryptocurrencies are seeing solid growth on the day, as data from Coin360 shows.Market visualization by Coin360Bitcoin (BTC) has seen a relatively strong boost,…

Bitcoin (BTC) remains bullish and a multitude of metrics support this claim. Is this a trend reversal? Over the past week investors’ short-term sentiments about Bitcoin’s prospects appear to have improved. While last week’s market update made the case for why top investors and analysts are overwhelmingly bullish on Bitcoin’s predicted long-term price action, the fall from…