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...
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...
Block's Cash App payment service recorded a collapse in activity around bitcoin in the second quarter of 2022 Fintech company Block (formerly Square) announced a drop in revenue from bitcoin sales through the Cash App. This is reported in the financial report for the II quarter. According to published data, the cryptocurrency revenue from Cash App fell by 34% to...
Representatives of the PeackShield service reported hacking of the hot wallet. Hackers stole two dozen different types of digital assets The amount of stolen cryptocurrency is estimated at $4.8 million From the looks of it, 2022 will forever go down in digital asset history with its endless streak of hacks. No sooner had the community moved...
Mid-summer has become a good period for crypto funds They attracted the largest revenues this year Investors prefer to invest in BTC, ETH and SOL In July, global digital asset funds recorded the largest inflow in all of 2022, according to a report from CoinShares. They attracted funds from investors for a total of $474 million. This almost...
Tornado Cash is a decentralized protocol that allows anonymous transactions on the Ethereum network and several other blockchains; This protocol is the most popular ETH mixer and is notorious for regularly laundering crypto assets stolen from centralized crypto exchanges and hacked DeFi protocols; Critical decisions for developing Tornado Cash are made by a decentralized...
One of the first investors in the infamous Terra project shared new investment strategies. One of the earliest investors in the Terra project, Simon Sejun Kim, still believes in the cryptocurrency industry despite the onset of the “cryptocurrency winter.” He spoke about this in an interview with Bloomberg. As the head of venture capital firm Hashed, Kim wants to...
The Nomad Bridge converted around 190 million US dollars through an exploit. After word of the banal mistake got around, there was an enormous rush for the project. Soldiers of fortune tried to get as much as possible. Nomad Bridge falls victim to poor security The emergence of various cryptocurrencies requires increasing interoperability. Token bridges play their role in this....
Vadim Shovkun, a practicing trader and founder of the Crypto Shaman project, talks about the current situation on the market. Bitcoin is in an ascending channel, and there is an opportunity to evaluate scenarios for future movement. However, consideration of the price prospects of cryptocurrencies should begin with an analysis of the stock market due to its direct...
