Cryptocurrency Analysis and News Portal
While there was plenty of FUD flying around, it wasn’t the real reason prices pulled back so significantly.This episode is sponsored by Nexo.io.Today on the Brief:Home sales up, home supply downBiden’s first test on the stimulusEuro pessimism Our main discussion: Why the bitcoin dip wasn’t caused by FUD. Anyone paying
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Bitcoin’s price surge may be driven as much by a drying up in supply as by an increase in demand. That’s because Chinese miners are struggling to sell their crypto in ways that would quickly get them much-needed cash in the face of a government crackdown on local exchanges. “The lack of supply
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The bulk of Ethereum’s DeFi ecosystem went dark earlier today after a latent bug in the Ethereum code split the network’s transaction history in two.The split resulted from a code change that was surreptitiously inserted into a previous Geth update and activated today; some Ethereum node operators ignored the
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In a flash, Ampleforth, yet another DeFi project vying for its share of the booming market, just experienced
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The University of York has confirmed that a ransomware attack from an unnamed gang took place in May. Vulnerabilities from their third-party service provider led to the data breach.According to an announcement via the University’s website, Blackbaud, one of the world’s largest customer relationship management systems for sectors such as
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Twitter says "a coordinated social engineering attack" against an employee caused Wednesday's massive takeover. Source
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Bitcoin’s consolidation channel formed since the start of May has been narrowing ever since it was first established.The cryptocurrency is now trading sideways between $9,000 and $9,300, facing immense resistance at the upper boundary of this range.From a fundamental perspective, the benchmark digital asset has been seeing stagnating market health,
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As the weekly open commenced Bitcoin price dropped below $9,000 in a rapid pullback, liquidating $30 million in longs on BitMEX alone. According to market data, part of the sell off was the movement of crypto whales closing positions which led to panic selling among retail investors.Whales—individual investors that hold
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[sociallocker id="55298"] According to Ki Young Ju, CEO of CryptoQuant, capitulation by an unknown mining pool was responsible for the latest market dip.The miner who has produced 51 blocks over the past four days may be capitulating, reports Ki Young Ju. The 51 blocks produced by the mining pool came
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JPMorgan wants more QE from the Federal Reserve. Meanwhile, CEO Jamie Dimon is arguing that wealth inequality is a growing problem in the U.S. economy. Here’s why Dimon’s comments are so hypocritical. In a move that surprised nobody, JPMorgan Chase joined Goldman Sachs in claiming that the Federal Reserve
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