Bitcoin’s (BTC) bounce fizzled out near $24,500 on Aug. 17, indicating that the recovery still faces stiff resistance from the bears. On-chain monitoring resource Material Indicators said the ask liquidity on the Fire Charts was similar to prior local tops. Another reason for caution among crypto investors was that the recovery in the S&P 500
Month: August 2022
The Ethereum network’s long-awaited transition from proof-of-work to proof-of-stake is set to occur from Sept 15 to 16 and for the last year, traders and analysts have been discussing various outcomes for the upgrade and possible trading strategies. Let’s take a look at three options investors and traders have. Hodl ETH to earn the expected
Chainalysis has found that illicit crypto volumes are down this year, with total scam revenue sitting at $1.6 billion, 65% lower than where it was through the end of July last year. “Those numbers suggest that fewer people than ever are falling for cryptocurrency scams,” the blockchain data analytics firm wrote. Data Shows Illicit Crypto
The United States’ move to sanction the open-source code that makes up the Tornado Cash privacy protocol may be shocking, but it’s not surprising. America has been tightening its grip over the global financial system for decades, ostensibly to cut down on bad behavior, but also to project power abroad. Economic sanctions, like the ones
Bitcoin (BTC) dropped to weekly lows at the Aug. 17 Wall Street open as upcoming Federal Reserve comments unsettled risk assets. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Dollar climbs as Fed minutes due Data from Cointelegraph Markets Pro and TradingView tracked a more than 2% daily decline in BTC/USD, which hit $23,325 on Bitstamp.
Aave (AAVE) tokenholders have been asked to take part in an Aave Request for Comment (ARC) that would require them to ”commit” to Ethereum’s proof-of-stake (PoS) consensus. The ARC, proposed on Tuesday, comes in light of Ethereum’s upcoming transition to proof-of-stake. It calls for members to select the Ethereum mainnet running under PoS consensus as the
Homegrown companies, including Noise — led the shipment share as the Indian wearables market saw 65.8 percent growth on year-over-year (YoY) basis in the first half of 2022 (1H22), as per a new report by International Data Corporation (IDC). The market research firm says that the Indian market saw shipment of 38 million units in
High-profile security incidents continue to be a theme in 2022, with the Acala network joining a long list of stricken platforms to fall prey to exploits. The Acala USD (aUSD) token, which acts as a native stablecoin for the Polkadot and Kusama blockchains, saw its value plummet 99% after a misconfiguration of the iBTC/aUSD liquidity
Manchester United Fan Token (MUFC) is a dead coin and not related to the sports franchise, but one Elon Musk tweet was enough to revive it on Aug. 17. Also, I’m buying Manchester United ur welcome — Elon Musk (@elonmusk) August 17, 2022 Fake Man U token pumps after Elon Musk’s tweet To clarify, MUFC
Xbox Game Pass is getting a slew of new games in the second half of August, starting today, August 17. The new arrivals include Immortals Fenyx Rising, which is best described as Ubisoft’s version of Zelda. Players assume the role of the titular Fenyx, a winged demigod and embark on a mythological journey in their
Chinese tech giant Tencent on Wednesday posted its first drop in quarterly revenue since going public, as the company grapples with China’s economic downturn, pandemic disruptions and ongoing scrutiny from regulators. Revenue in the second quarter fell three percent to CNY 134 billion (roughly Rs. 1,57,000 crore) compared to the year before, while profits plunged by
In this article AAPL Apple CEO Tim Cook poses in front of a new MacBook Airs running M2 chips display during Apple’s annual Worldwide Developers Conference in San Jose, California, June 6, 2022. Peter Dasilva | Reuters Apple is in talks to produce Apple Watches, MacBooks and HomePods in Vietnam for the first time, Nikkei
Vivo and its subsidiary iQoo are tipped to be gearing up to launch new smartphones this year. A notable tipster has suggested that iQoo could unveil a new iQoo Z6 variant this month. Furthermore, the iQoo Neo 7 has also been tipped to make its debut this year. Vivo could also unveil its purported foldable
Social media companies are offering few specifics as they share their plans for safeguarding the US midterm elections. Platforms like Facebook and Twitter are generally staying the course from the 2020 voting season, which was marred by conspiracies and culminated in the January 6 insurrection at the US Capitol. Video app TikTok, which has soared in popularity since the
In a sign that malicious actors continue to find ways to work around Google Play Store security protections, researchers have spotted a previously undocumented Android dropper trojan that’s currently in development. “This new malware tries to abuse devices using a novel technique, not seen before in Android malware, to spread the extremely dangerous Xenomorph banking
Amid Colombia’s economic growth beat expectations in the second quarter, an official at the country’s tax and customs agency has hinted at some national digital currency plans. Luis Carlos Reyes, the head of the Colombian Tax and Customs National Authority, claimed that the government of newly inaugurated Colombian President Gustavo Petro will seek to create
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