Sunday, December 5

Latest News

Latest News

FBI Confiscated Around $2.3 Million in Crypto Tied to Ransomware Gang REvil

In August, the Federal Bureau of Investigation seized more than $2 million worth of digital assets linked to ransomware attacks committed by the Russian resident – Aleksandr Sikerin. The criminal is known for his connection to the notorious cyber gang REvil that has assaulted numerous US businesses in the recent past. REvil on The Spotlight Again The news, reported by CNN, informed that the seized amount of cryptocurrencies is “traceable to ransomware attacks committed by Sikerin,” who, according to the US law enforcement officials, is part of the ransomware gang REvil. His last known address was in St. Petersburg, Russia, further indicating that he has connections to the organization. The confiscation was part of an ongoing US effort to obstruct the funding sources for...
Bitcoin Bleeds Out The Beginning Of The End Or A Simple Setback?
Latest News

Bitcoin Bleeds Out The Beginning Of The End Or A Simple Setback?

Fear is taking over crypto market sentiment as Bitcoin bleeds out. The price of BTC has just reached a low of $ 42,000, after falling as much as 25.68% during the current day. At the time of this writing, BTC is trading at $ 48,897, leaving a strong rejection of low prices, after having run into a strong support zone. Despite this, the short-term downtrend was reasserted, and it seems quite likely that it will cause problems for quite a while longer. A cascade of liquidations The metrics tell us that the cause of the recent price drop was the sell-offs of a bunch of leveraged positions. Funding rates and the leverage ratio had been constantly on the rise over the past few days. Finally, a healthy cooling of these indicators occurred. As analyst ...
Latest News

Elon Musk doesn’t like Web 3.0

Elon Musk, the richest man in the world, has hinted that he doesn't like the so-called Web 3.0. Present in the market for some time, the billionaire has already spoken pro-Bitcoin, Ethereum and especially Dogecoin, the currency he spends most time in public speaking and which he believes is a good meme. This draws attention as Musk communicates publicly with memes, using his Twitter as a way to express his opinion on a regular basis. In one recent case, his meme that Bitcoin would hit $69,000 on the market went so viral that it became an NFT and sold for millions on the market. Elon Musk hints that he doesn't like Web 3.0 According to the website KnowYourMeme, which explains the origin and uses of memes on the internet, the one called “Etiqueta do Mictório” has origins in Brazil, publ...
Latest News

Adidas hits the metaverse with an NFT collection from Bored Ape Yatcht Club

Key facts: The Bored Ape Yacht Club NFTs have moved more than USD 800 million in operations. Adidas Twitter profile photo uses a Bored Ape Yacht Club NFT valued at $ 180.0 Adidas has officially entered the world of NFTs and the metaverse. After some rumors of its association with Coinbase and some tweets shared with The Sandbox, the German clothing and footwear brand has confirmed its arrival in the metaverse along with some NFTs from the Bored Ape Yacht Club collection. On his official Twitter, Adidas confirmed this December 2 on his "jump" to the metaverse. In a video of a few seconds, can be seen as three avatars, belonging to the Bored Ape Yacht Club, Punks Comic and GMoney collections They r...
Latest News

Will inflation go down in Europe? This is what the Central Bank believes

Key facts: Europe reached the highest peak of inflation and will fall in 2022, believes the European Central Bank. The US Federal Reserve, on the other hand, declared that inflation will continue in the country. On December 3, the Central Bank of Europe projects that inflation will fall in the region throughout 2022. The comment was made by Christine Lagarde, the president of the entity, at the Reuters Global Virtual Conference. Christine Lagarde said that Europe "is definitely different from the United States," where inflation is projected to continue. As reported by CriptoNoticias, Jerome Powell, the president of the country's Federal Reserve (FED), declared this week that the price increase is ...
Latest News

Edward Snowden defends decentralization to Ethereum co-founder

Key facts: For Snowden, a cryptocurrency project that centralizes decision-making is unreliable. According to Wood, the problem is not in centralization, but in the tools that condition it. Renowned cybersecurity expert Edward Snowden had a discussion with Gavin Wood, co-founder of Ethereum and Parity Technologies, about the importance of decentralization in cryptocurrency networks. Snowden was adamant against centralization, while Wood was less so. On Friday, December 3, an online conference cycle known as DeData took place. The event was organized by BlockDown and served as a stage for Snowden and Wood to have the opportunity to share their opinions regarding different technological advances re...
Latest News

3 On-Chain Signs That Flashed Shortly Before Bitcoin’s $16K Daily Crash

Bitcoin’s price plummeted in a day by losing $16,000 of value in hours, and the rest of the market followed. According to the analytics company CryptoQuant, there were several on-chain developments that flashed ahead of the crash that could have foreseen the dump. The Three On-Chain Factors As reported earlier today, BTC dumped from a daily high of $58,000 all the way down to $42,000, which became one of the worst crashes in terms of USD. While investors are looking into global developments for the reasoning, such as more fears from the new COVID-19 variant and the weekly stock market sell-off, CryptoQuant provided several on-chain possible reasons. The first was the number of bitcoins sitting on exchanges, which spiked sharply hours ahead of the drop. This metric was d...
Latest News

SEC Chairman and Former Chairman See Productive Future for Bitcoin (Under Regulation)

The president of the United States Securities and Exchange Commission (SEC), Gary Gensler and his predecessor Jay Clayton, agreed, saying that bitcoin (BTC) and the rest of the cryptocurrencies have a productive future, albeit under strict regulations. The two shared a panel during the Digital Asset Compliance and Market Integrity Summit. There Gensler express that cryptocurrency trading or lending platforms "whether they call themselves centralized or decentralized, are an important place for public policy and investor protection." The official said that in case any company or platform I could not agree with the SECThey are going to sue companies that are not registered with the government agency. "I think a better approach for these platforms is to work to register...
Latest News

You missed out on SafeMoon! Don’t miss out on HUH Token!

When SafeMoon first launched, nobody would have predicted just how quickly the token would take off. SafeMoon is a cryptocurrency token established in March 2021 on the Binance Smart Chain blockchain. If you had invested $100 in SafeMoon in March, just a few months later, your investment would be worth $8 million. If you missed the boat on SafeMoon, then get ready to jump aboard the ship for HUH Token before they set sail. HUH Token is a new cryptocurrency currently in its presale stage, and the allocated tokens are running out fast. Here’s what you need to know. SafeMoon’s Rapid Ascend To Success SafeMoon adopted a different strategy. They started with a massive quantity of tokens that “burn” down usage after use and over time, rather than utilising math and mining to discove...
Latest News

Ethereum 2.0 could be delayed for another year, Vitalik Buterin shows

Key facts: Ethereum 2.0 was planned to arrive by the end of 2022. The Beacon Chain network, on which Ethereum 2.0 will run, is celebrating one year since it was launched. Beacon Chain, the chain on which Ethereum 2.0 will run, celebrated one year since its activation on December 1, 2020. To celebrate, Vitalik published a roadmap that shows some of the progress that this update has achieved so far. However, the post suggests that Ethereum 2.0 is still behind schedule, delaying its arrival to 2023. In a TweetEthereum co-creator Vitalik Buterin compiled some trailers currently being worked on on the transition from proof-of-work (PoW) to proof-of-stake (PoS) mining in Ethereum 2.0. In the diagram,...