The digital market is highly dependent on external factors. In July 2022, the US Federal Reserve System (FRS) raised the key rate by 75 basis points for the second time. Cryptocurrencies reacted by rising rates. During the day, July 26-27, Bitcoin rose by 9.2% (from $20.78 thousand to $22.71 thousand). By the beginning of August, the rate of...
Bitcoin started the era of digital assets in 2009. The disadvantages and limitations of the first cryptocurrency, as well as its open source code, led the developers to start creating other coins. They are called altcoins. In July 2022, the Crypto.ru rating fixes 8.8 thousand digital units. Bitcoin remains the market leader. He owns 41.8% of the total capitalization. However, other...
The co-founder and founder of the Cardano project explained to social media users how much profit the ADA cryptocurrency would bring if bought for $5,000 in January 2021. He noted that, despite the market crash, any investor who bought a virtual asset would now have $6.75 thousand in the account. This suggests that the digital coin's...
Leading banks in Portugal began to block the accounts of cryptocurrency exchanges, citing suspicious activity. The largest Portuguese banks began to close the accounts of crypto exchanges. Bloomberg writes about this regarding local representatives of the cryptocurrency market. It is reported that the most significant public bank in Portugal, Banco Comercial Portugues and Banco Santander closed the accounts of the...
Only recently, Solana has made renewed, negative headlines. Attackers emptied the wallets of thousands of users, causing seven-digit damage. But what is behind the millions lost? Slope: Bad software wallet makes users vulnerable Anatoly Yakovenko, co-founder and leading developer of Solana, has long suspected a hack in the supply chain was behind the sudden attack. He believed in infecting...
The Nomad cross-chain protocol team offered hackers who withdrew about $190 million from the smart contracts of the project to return the stolen assets for a reward of 10%. “Nomad will consider any party that returns at least 90% of the amount of stolen funds as a white hat hacker. The team will not take any legal...
ETH miners demand a hard fork to keep the PoW version of Ethereum The Poloniex exchange has stated that it supports this idea and has already announced the listing of two tokens - ETHS and ETHW Users can exchange ether for them at the rate of 1:1 from August 8 This week, major Chinese ETH...
Bitcoin ( BTC ) has recovered from the minor horizontal support at $22,700 and may now attempt a bullish breakout from a longer-term pattern again soon. BTC has been trading inside an ascending parallel channel since June 19. Recently, on July 30, bitcoin reached the resistance line of this channel but bounced back and then lost ground. Now the price is above...
The company behind the USD Coin (USDC) stablecoin, Circle Internet Financial, was one of the investors in two projects that suffered from hacks this week - Nomad and Slope. In February 2022, Circle took part in a Series A funding round. Back then, wallet provider Slope raised $8 million, CoinDesk reported. In April, the issuer's venture arm USDC invested...
The funding for blockchain startups in January-June 2022 amounted to $30.3 billion, which exceeded the value for 2021 ($30.2 billion). Such data is contained in the Messari and Dove Metrics report. According to researchers, more than a third of all funds raised in 1199 investment rounds were attracted by the centralized finance (CeFi) sector - $10.2...
