Bitcoin plunged below the $26,000 level on Wednesday extending monthly losses to nearly 15% but it has never been more difficult to mine the leading crypto-asset. Despite a severe drawdown in price, Bitcoin’s network fundamentals have largely refrained from following the same trajectory. In fact, Bitcoin’s mining difficulty has reached an all-time high of 55.62 […]
Multichain victims search for answers in $1.5B exploit as new evidence emerges
On July 14, developers of the $1.5-billion Chinese cross-chain protocol Multichain confirmed users’ worst fears. The protocol’s CEO, identified only as “Zhaojun He,” was arrested by Chinese authorities in Kunming on May 21 after months of repeated denials on official communication channels. Also allegedly arrested was Multichain’s core team, which was operating in Shanghai. It […]
Bitcoin Ordinals Trading Is Down Bad—But Just How Bad?
Bitcoin’s Ordinals are down bad from their May peak, but determining exactly how far the hype has dropped has pundits and experts feuding.
Multichain’s $1.5B hack: victims seek answers, new evidence emerges!
The post Multichain’s $1.5B hack: victims seek answers, new evidence emerges! appeared first on Coinpedia Fintech News The CEO of Multichain, a Chinese cross-chain protocol, has been confirmed to have been arrested by Chinese authorities in May. This news confirms months of speculation and official denials on communication channels. The CEO, identified only as “Zhaojun […]
Shiba Inu (SHIB) Death Cross Warns of Major Incoming Sell-Off
Shiba Inu prints surprising signal despite price climb
These Are The Latest Tokens Binance Plans to Remove
Binance, one of the world’s leading cryptocurrency exchanges, will soon remove several spot trading pairs from its platform. The removal will take effect on August 25, 2023, at 03:00 (UTC). Binance users are advised to take note of this change and make any necessary adjustments to their trading strategies. The trading pairs that will be […]
Australia’s Central Bank Wraps Up CBDC Pilot Program – Is Issuance On The Horizon?
Australia’s central bank, the Reserve Bank of Australia (RBA), has completed its pilot program exploring the potential use cases of a central bank digital currency (CBDC). The research project, carried out in conjunction with the Digital Finance Cooperative Research Centre (DFCRC), involved 16 selected industry participants, including Mastercard, Australian Bond Exchange, and Fame Capital. This […]
Bitcoin mining giants lose $2.8B in market cap to crypto market’s sudden crash
The top five largest crypto mining companies collectively lost $2.8 billion of their market Cap following last Thursday’s Bitcoin (BTC) flash crash. AltIndex data reveals a 30% decline over the past month among the prominent BTC miners. This group, consisting of Riot Blockchain, Marathon Digital Holdings, Canaan Inc., Hut 8 Mining, and Cipher Mining Technologies, […]
Binance Faces Legal Risk Over Russia As Analysts Speculate An Approaching BNB Collapse
Binance Faces Legal Risk Over Russia As Analysts Speculate An Approaching BNB Collapse Read CoinChapter.com on Google News Key Takeaways: Binance could face trouble due to its operations in Russia. Meanwhile, analysts speculate that BNB might still face a liquidation crisis. BNB’s price continued to hold above $205. NEW DELHI (CoinChapter.com) — According to a Wall […]
One Metric Hinting at Opportune Time To Accumulate Bitcoin (BTC) and Altcoins: Santiment
Crypto data platform Santiment is offering insight into the signals that could indicate the right time to accumulate Bitcoin (BTC) and altcoins. Santiment marketing director Brian Quinlivan says that buying opportunities for crypto assets have historically presented themselves when trader sentiment is neither pessimistic nor optimistic across the major social media platforms such as Reddit […]