Cryptocurrency market maker and liquidity provider Wintermute has lost $160 million in a hack relating to its DeFi business, according to a tweet from the company's founder and CEO.
Source CryptoHackedMakerMarketOTCServicesUnaffectedWintermute Read More
Eight years ago, in 2014, the crypto world was rocked by the crippling hack of Mt. Gox, a popular Bitcoin (BTC) exchange, which was forced to shut down after miscreants were able to make away with approximately 850,000 BTC, worth more than $16 billion at today’s exchange rates. At the time BitcoinCreditorscryptoexchangeDateExchangesFailGoxMarketsRemainRepaymentSetUnaffected Read More
The bitcoin mining difficulty ribbon, comprising short- and long-duration simple moving averages on the mining difficulty, has compressed for the first time in over a year, indicating miner capitulation. The previous bear markets, including the one seen in 2014, ended with the ribbon compression, data provided by analytics firm Glassnode BankBitcoinEnglandsHikeInterestRateSuperSizeUnaffected Read More
While bitcoin’s fiat value has dropped more than 70% below the all-time high recorded in November 2021, the price reduction has made it so miners are making fewer profits depending on the devices they operate. Despite miner profits sliding, Bitcoin’s hashrate has remained high coasting along at 180 exahash per BitcoinBTCsHashrateMiningNewsPriceProfitsRemainsShrinksUnaffected Read More
Analysts says that the market crash in Hong Kong is being driven by regulatory not monetary policies, which is why the contagion has not spread to crypto.
Original Source BitcoinHangHongKongsMeltdownSengUnaffected Read More
Despite being in the middle of a $1.3 billion lawsuit with the United States Securities and Exchange Commission, it appears that it is still business as usual for Ripple.Speaking to Reuters on Friday, Garlinghouse revealed that the company has not suffered any negative blowback in the APAC business theatre amid AsiaCEOExpansionLawsuitRipplesSECUnaffected Read More
Regardless of the recent Bitcoin scam carried out through a Twitter hack, BTC price remained largely unaffected, only dropping about 1%.Yesterday, 15th July, Twitter accounts of high-profile individuals, companies and crypto exchanges were hacked to post false bitcoin giveaways. The compromised Twitter accounts include prominent names like Jeff Bezos, Bill Gates, AccountsBitcoinHackPriceScammersTwitterUnaffected Read More
Despite the current market uncertainties some pundits point to gold and Bitcoin (BTC) as suitable hedges against future downturns. BTC remains of the best performing assets, maintaining its decoupling from mainstream stocks.
Bitcoin and Gold as Hedge Against Uncertainties
According to June 2020 Bloomberg Commodity Outlook, Bitcoin and gold will BitcoinBloombergGoldMarketoutlookTumultUnaffected Read More
Embracer Group reports that the Metro Exodus Steam launch has been “great.” The first-person shooter was embroiled in a heated controversy due to publisher Deep Silver’s decision to shift to an Epic Store exclusivity deal shortly before release. Steam reviews have spawned an odd Google glitch that highlights ongoing EpicExclusivityExodusFiascoLaunchMetroSteamStoreUnaffected Read More