Monthly Archives: March 2021

99% gone in 60 seconds: How a Polkadot trader may have crashed DOT futures

Polkadot (DOT) futures at Binance flash-crashed by 99.5%, potentially generating an $8.3 million profit for the ‘trader’ if they used this clever strategy. On March 5, Polkadot (DOT) experienced a flash crash at Binance perpetual futures which resulted in the contract trading as low at $0.20. While this could have been an honest fat-finger trading mistake, a number of indicators point to a planned-attack. While no hard evidence will likely ever emerge, the open interest increase just 24 hours ahead of the event indicates that an attacker […]

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Traders speculate that Bitcoin’s price may continue to trade sideways for now

CryptoWendyO and Cheds weigh in on where Bitcoin’s price could head next. Bitcoin’s price has declined in recent days. While it has rebounded from its weekly lows, the asset’s trajectory remains uncertain says CryptoWendyO, a crypto trader on Twitter.   “The daily timeframe is not looking great as we are having trouble sustaining $50K,” she told Cointelegraph on Friday. “I am feeling like we will get a run to $51.6[K].” She added: “From there I would be cautious as rejection could lead back to the $50K -$45K range. […]

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HWI And Hardware Wallet Integration In Bitcoin Core

In this episode of “The Van Wirdum Sjorsnado,” the hosts discussed hardware wallet integration into Bitcoin Core and Hardware Wallet Interface (HWI). In this episode of “The Van Wirdum Sjorsnado,” hosts Aaron van Wirdum and Sjors Provoost discussed hardware wallet integration into Bitcoin Core, one of the ongoing projects that Provoost regularly contributes to himself. Hardware wallets are a popular solution for storing private keys offline, to minimize the risk that hackers gain access to the corresponding coins. They are used in combination with regular software wallets […]

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NFT hype will calm, but the concept won’t disappear, MEW founder speculates

Nonfungible tokens are all the rage right now, but how long will the fanfare last? Nonfungible tokens, or NFTs, have gained significant traction in the crypto space in recent months, with some tokens selling for millions of dollars. Even though the current excitement over NFTs will eventually simmer down, the concept will live on, according to the CEO and founder of MyEtherWallet, Kosala Hemachandra.  “NFT is currently a hot topic, but I’m sure the hype around it will soon die down,” Hemachandra told Cointelegraph. “Similarly, ERC-20-based tokens […]

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Price analysis 3/5: BTC, ETH, ADA, BNB, DOT, XRP, UNI, LTC, LINK, BCH

Selling pressure from global equities markets continues to weigh on Bitcoin price as traders endeavor to flip the $50,000 level back to support. Analysts expect the U.S. economy to stage a strong recovery in the second half of this year as coronavirus vaccines are distributed and economic activity begins to increase. As growth picks up, inflation concerns are also on the rise. Speculation is rife that the U.S. Federal Reserve may have to adjust its dovish stance to hold down interest rates.  In anticipation, the 10-year U.S. […]

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South Korean Moms Are Taking the Lead in Buying Bitcoin Despite the Coronavirus Pandemic

As bitcoin prices keep exchanging hands above the $48k handle as of press time, South Korea notices a particular growing trend in a specific profile of crypto investors. A recent study revealed that a new era of “crypto moms” is emerging across the board in the country. Millennials Are Lagging Far Behind, Says Study Per Maeil Kyungjae, citing data from research firm Wiseapp, females aged 40-49 in the Asian country have been actively buying bitcoin (BTC) in recent weeks. The data was collected via major domestic exchanges […]

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PAID Network exploiter nets $3 million in infinite mint attack

After an attack at one point worth nearly $180 million, community members are left wondering if the exploit is a “rugpull” or a security lapse. Paid Network, a DeFi platform aimed at real-world businesses, has been exploited today in an “infinite mint” attack that has sent PAID token prices plunging upwards of 85%. While the exploit netted nearly $180 million in PAID tokens at the time of the attack — what would have comfortably been the largest exploit of a DeFi protocol — the hacker’s payday will […]

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Bitcoin Mining Company Cipher Mining To Go Public Via SPAC, Valued At $2 Billion

Bitfury subsidiary Cipher Mining Technologies is merging with Global Acquisition Group and going public on Nasdaq. Today, Cipher Mining Technologies announced that it plans to go public via a merger with Good Work Acquisition Corp. Cipher Mining was recently formed as a subsidiary of Dutch Bitcoin mining company Bitfury. “The combined company, to be named Cipher Mining Inc, is expected to be listed on the Nasdaq under the ticker symbol ‘CIFR,’” Reuters reported. Following the merger with Good Work that values the combined company $2 billion, the […]

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Is Bitcoin a Ponzi scheme? Pick your side in the latest Cointelegraph Crypto Duel!

Kraken Bitcoin strategist Pierre Rochard debates professor of computer science Jorge Stolfi on whether Bitcoin meets the definition of a Ponzi scheme. Does Bitcoin meet the definition of a Ponzi scheme? This is the subject of the latest Cointelegraph Crypto Duel, where Bitcoin strategist at Kraken meets professor of computer science at the University of Campinas, Jorge Stolfi. Similar to other Bitcoin skeptics, Stolfi repeatedly defined Bitcoin as a Ponzi scheme. The core of his argument is that Bitcoin doesn’t produce any cash flows and the money […]

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Pricing the hype: Crypto companies valued at billions as market booms

Crunching the numbers: Analysts and industry experts weigh in on crypto firms like Coinbase and Kraken being valued in the billions. Cryptocurrency and blockchain firms are attracting billion-dollar valuations as the space continues to see major investment in 2021. The likes of exchanges Coinbase and Kraken have had mind-boggling numbers attached to their plans to raise funds, with the former set to go public through a direct listing and the latter preparing for a lucrative fundraising round. Since it formally announced its plans for a public listing, […]

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