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Most other major cryptos were largely in the red, aligning with equities markets, which also wrestled with Powell’s remarks. The S&P 500, Wall Street's benchmark equity index, closed down 1.5% and the Dow Jones Industrial Average (DJIA) and tech-heavy Nasdaq Composite dropped by 1.7% and 1.2%, respectively. The prospect of
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Over $2.5 billion was stolen in cross-chain crypto bridge hacks from 2021 to 2022, according to a report by Token Terminal. But, despite several attempts by developers to improve bridge security, a debate from December 2022 to January 2023 on the Uniswap DAO forums has laid bare security weaknesses that continue
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As Polygon and Matter Labs race to bring their zkEVMs to market, both will need to make compromises in the name of security. Source
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Place/Date: - January 24th, 2023 at 11:18 am UTC · 2 min read Source: Snowfall Protocol Photo: Snowfall ProtocolInteroperability between blockchains and their respective tokens is one of the most critical challenges that blockchain protocols and applications face.BNB (BNB) and Kava (KAVA)
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Bitcoin price declined further and traded below $16,500. BTC is correcting losses, but it could struggle to climb above the $16,700 and $17,000 resistance levels. Bitcoin extended its decline below the $17,000 and $16,500 support levels. The price is trading below $16,800 and the 100 hourly simple moving average. There is a connecting
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In May 2022, at the tail of the crypto bull market, economist Eswar Prasad wrote an op-ed for the Financial Times arguing that DeFi’s promise as a means of democratizing finance was a long way from being realized. In his words, “For all its promise in democratizing finance and broadening
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Ripple is consolidating above the $0.375 support zone against the US Dollar. XRP price could gain pace if it clears the $0.40 and $0.415 resistance levels. Ripple is currently consolidating above the $0.375 and $0.380 levels against the US dollar. The price is now trading near $0.388 and the 100 simple moving
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Cryptocurrencies tied to national soccer teams have failed to keep the attention of 2022 FIFA World Cup fans, with many soccer-linked fan token prices plummeting since the tournament began. Between Portugal, Spain, Brazil and Argentina, the associated digital fan tokens have fallen between 60% to 88% percent in price since the
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While bitcoin prices have been lower than the estimated cost of bitcoin production, the network’s hashrate has dropped a great deal since mid-November. Presently, the total hashrate dedicated to the Bitcoin network is coasting along at 236 exahash per second (EH/s) after dropping below the 200 EH/s range six days
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Once again, Bitcoin miners went significantly lower in terms of monthly revenue, raking in only about $472 million in November.Bitcoin (BTC) mining continues to prove unprofitable as monthly revenues keep going down from previous values. According to data studied by The Block Research, the month of November saw Bitcoin mining
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