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Binance CEO says some of the biggest crypto firms are insolvent
Amid a heavy sell-off in cryptocurrencies in recent weeks firms are running into problems and some of the industry's biggest players have stepped in to offer support. Amid a heavy sell-off in cryptocurrencies in recent weeks firms are running into problems and some of the industry's biggest players have stepped in to offer support. Changpeng Zhao , founder and chief operating officer of Binance, told Yahoo Finance Live that a number of firms are insolvent, but it's a small number in the grand...
Updated: 06/27/2022
Bitcoin is the worst month on record, says Glassnode
... moving average MA negative deviation from realized price and net realized losses are all showing a historically bearish month forBitcoin. The price of the digital currency has fallen below half of its 200 day MA . The report shows that bothBitcoin and Ethereum have traded below their previous cycle ATHs, which is a first in history. With the spot price ofBitcoin falling below its realized prices, most traders are having to close their positions at a loss, which creates downward movement pressure on ...
Updated: 06/27/2022
$100 million worth of Ethereum Altcoins stolen from Horizon Bridge
In a massive theft report in recent times, $100 million worth of altcoins have been stolen through the Horizon Bridge to the Harmony Layer - 1Blockchain and are being exchanged for ether Ethereum. In a massive theft report in recent times, $100 million worth of altcoins have been stolen through the Horizon Bridge to the Harmony Layer - 1Blockchain and are being exchanged for ether ETH. Harmony Protocol is offering a $1 million bounty ...
Updated: 06/27/2022
Criptocurrency market cap down by 1.33 per cent
The recovery in the criptocurrency markets has slowed down. The recovery in the criptocurrency markets has slowed down. The global market cap is down by 1.33 per cent in the last 24 hours and is at 947.52 billion as of 7: 30 AM IST, according to CoinMarketCap data. The price of the digital asset is trading at $21,090, down by 1.43 per cent. The price of ether has fallen by 1.58 per cent and is at $1,215 at the moment. The USDT Tether has shown 0.00 change in its value in the last 24 hours, while...
Updated: 06/27/2022
Lido DAO token holders vote on reducing stake
... it should limit itself to curb potential centralization risks. Lido currently holds 31% of staked Ether on the Proof-of-StakeBlockchain, the Beacon chain. The staking dominance has raised fears within the community and critics fear it will threaten Ethereum 's decentralization. If the majority of voters vote in favor, another vote will take place on how the self-limiting process should work. In the governance proposal, Lido stated that it would give it more voting power once the Beacon chain goes ...
Updated: 06/25/2022
Lido discusses staking limiting stakeholding
... debated whether the staking service provider should limit its stake inEthereum because of the systemic centralization risk that poses to the network. Lido community members are debated whether the staking service provider should limit its stake in Ethereum because of the systemic centralization risk that poses to the network. The Lido team submitted a governance proposal that discussed the pros and cons of limiting its share of ether staking. According to the proposal, several major contributors ...
Updated: 06/25/2022
Electricity consumption on some of the biggest criptomes falls by 50%
... energy-hungry network, Bitcoin BTC suffered a decline in electricity consumption from a high of 204.5 TW h per year on June 11, to 132.07 TW h per year as of Thursday, a 35% decrease in less than three weeks. The fall in electricity consumption for the Ethereum ETH network is more pronounced. The May 23 high of 93.98 TW h per year saw a decline in the days ahead. The consumption of the network is 47.73 TW h per year, a 49% drop in 32 days. The smallest miners with the highest costs are under pressure ...
Updated: 06/24/2022
Crypto miners are leaving the market
... cryptocurrencies mining as a profitable hobby. They tend to be frozen out of mining ASIC tokens, such asBitcoin, due to the intense competition from the first camp. Hobbyists can use GPUs to mine non- ASIC token, while others include Monero , Ravencoin , and Ethereum Classic . The hash rates are falling, which indicates that hobbyists are leaving. Analysis of the Hash rate shows a decline to 925 THs, representing an 18% drop from the May 13 all-time high of 1,127 THs. The drop indicates that miners are leaving ...
Updated: 06/24/2022
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