Bitcoin network is more secure than ever, as it surpasses 900M TH/s hashrate. The bitcoin mining hardware used for mining also gets more efficient over time. Oftentimes, old hardware becomes irrelevant quickly, in a 5 year span that hardware costs more in electricity to run than the value of the bitcoin it mines.
Popular chartist Plan B has posted an interesting stock to flow model that indicates that we are now entering second stage of the bull market. Whenever the chart prints orange dot after a red one, the bitcoin mania stage starts.
Trust wallet is most popular cryptocurrency wallet. But there is no official way to extract private key and while officials at Trust wallet would argue that passphrase is more secure way, there could be plenty of reasons why someone would want access to private key of the address where the funds are stored. So, for this, we would need a tool that converts passphrase to addresses.
(more…)Trump’s very own World Liberty Finance is down on every single investment so far. In fact, at the time of this article, the total PNL sits at -25 million dollars.
Backpack, the company behind cryptocurrency wallet and crypto exchange has announced it has acquired FTX EU and its MiFID II license. Immediately after the announcement, Backpack has promised to return all customer EURO funds on behalf of the FTX estate. This also means cryptocurrency perpetual trading is coming back to world of European Union.
Coinbase, world’s number one cryptocurrency exchange has announced it would be delisting the WBTC token that is pegged to Bitcoin’s price.
Coinbase says that banks have been advised by FDIC to not provide services to cryptocurrency users. Clearly, the banks are scared of Coinbase, most specifically anyone who provides fiat to cryptocurrency gateways and vice-versa.
A whopping 275,000 traders have lost more than $1 billion in total over the last 24-hours. Leverage trading is a dangerous game and we always warn people against using leverage.
WazirX cryptocurrency exchange from India was hacked yesterday and whopping $230M worth of crypto has been transferred from its wallets.
Craig Wright has officially stated on his personal website that is not Satoshi Nakamoto, the creator of Bitcoin.
