Crypto | Bitcoin | Ethereum | Altcoin | News

2022-08-18 14:34:38 The average transaction volume for BTC today reached a 1-month low of $179,789.69 (First picture). Unfortunately, the positive news around BTC ends, the decrease of average transaction volumes, tells us that the interest from investors is fading and gradual sales begin.

Also decreases the volume of miners, and their profits (Second picture). Many miners go in the red, and have to either sell BTC or go to other coins. I am sure I have BTC miners on my channel, tell me about your situation with bitcoin mining. Because of miners leaving, network activity is dropping, which is delaying halving (the main reason). The expected time of halving the reward for a block of BTC is the summer of 2024.

On the contrary, the BTC exchange balance reached its minimum since 2018 (Third picture). In the long term it will make itself felt, because the demand on the background of weak supply should grow.

What DO YOU expect in the near future?

- Rise
- Fall

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2022-08-17 21:54:01 The total amount of $ETH staked reaches a new all time high of 13.29M ETH staked, as of August 16.

This amount has almost doubled over the past year, despite the price of ETH declining by 43% over the same period.

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2022-08-17 16:08:11 How do we feel about biggest companies on the planet investing in blockchain technology and crypto?

It is important to note that many of these companies have called Bitcoin a scam a few years before changing their mind.

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2022-08-03 11:23:09 Chainalysis estimates that $2 billion in cryptocurrency has been stolen from cross-chain bridges across 13 separate hacks so far this year — link

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2022-08-03 08:49:17 BREAKING: Solana wallets are facing an on-going exploit with over $5,000,000 stolen so far.

Over 8,000 Solana wallets have fallen victim to the on-going hack, with more increasing by the minute.

Several Solana RPC nodes are offline after reportedly being DDoS attacked to slow down an ongoing exploit that drained millions of dollars from thousands of users.

There is currently no exact information how the wallets gets drained.

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2022-08-03 08:48:51 Michael Saylor to step down as CEO of MicroStrategy and become executive chairman.

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2022-08-02 18:34:24 GUCCI now accepts ApeCoin payments via Bitpay in some US Retail Stores.

Gucci has announced the implementation of ApeCoin payments. Customers will be able to purchase clothes using ApeCoin via BitPay blockchain payment technology. ApeCoin is a decentralized project inspired by Yuga Labs’ Bored Ape Yacht Club project.

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2022-08-02 16:32:51 Cardano Staking available at Swiss Sygnum Bank as ADA moves to crush Ethereum.

For those who thought that the crypto-verse was limited to trading, there’s much more to it. Crypto staking has been garnering immense popularity. Earning crypto by holding the designated crypto could allow users to bag rewards. Several platforms have been offering the staking program to lure investors into the market. Sygnum Bank, a prominent digital bank welcomed, decided to expand its program by including Cardano [ADA].

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2022-08-02 12:36:31 Bitcoin Miners’ earnings dropped 16.7% from June to July.

According to the data available on The Block, Bitcoin (BTC) miners generated $555 million in revenue in July 2022. On the other hand, in June 2022, BTC miners generated $667 million in revenue. This indicates more than a hundred million dollar drop in Bitcoin mining revenue or a 16.7% decrease. Miners have been facing the brunt of the recent market crash. Many Bitcoin miners opted to sell their rigs as profitability fell.

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2022-08-02 09:00:59 Nomad Bridge Drained of Nearly $200 million in Exploit.

The cross-chain token bridge Nomad was exploited Monday, with attackers draining the protocol of virtually all of its funds. The total value of cryptocurrency lost to the attack totaled near $200 million.

Nomad, like other cross-chain bridges, allows users to send and receive tokens between different blockchains. Monday’s attack is the latest in a string of highly-publicized incidents which have drawn the security of cross-chain bridges into question.

The exploit calls the security of cross-chain token bridges into question once again.

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