A soaring hash rate, high electricity costs and BTC price hovering under $20,000 for months are complicating matters for Bitcoin miners.
Headline
Month: October 2022
Bitcoin liquidates over $1 billion as BTC price hits 6-week highs
The tally of “rekt” traders keeps mounting as Bitcoin revisits levels absent since September.
Ethereum is ahead of Bitcoin this rally — But ETH price still risks 20% crash against BTC
Ether has entered a bearish range that preceded a 35% price crash in the April–May 2022 session.
MakerDAO community votes to approve custody of $1.6B in USDC with Coinbase
The MakerDAO community will earn a 1.5% reward on its USDC while holding funds with Coinbase Prime.
Almost 50% of Gen Z and Millennials want crypto in retirement funds: Survey
Nearly half of Gen Z and Millennials are also already invested in digital assets outside of their retirement funds and cited “inflation” as the biggest […]
BitPay to introduce USDC and ETH payments on Polygon network
Polygon-bridged cryptocurrencies like Ether, USDC, Dai and Wrapped Bitcoin are coming to BitPay later this week.
Binance Oracle network to bridge Web3 and blockchains via smart contracts
For starters, Binance Oracle will allow existing decentralized applications and Web3 ecosystem partners on BNB Chain to access data sources and advanced computations.
Report: Vast majority of blockchain energy studies ’lack scientific rigor’
According to researchers, 74% of blockchain energy studies “do not build upon existing theories.”
Asset management firm launches BTC Lightning Network startup accelerator
The startup accelerator will consist of four yearly 8-week programs, with successful applicants receiving $250,000 and one receiving an additional $500,000 at the end of […]
Phishing scammer Monkey Drainer has pilfered as much as $1M in Ethereum
Four addresses have been flagged relating to Monkey Drainer, including the monkey-drainer.eth address, with Chainabuse showing a long list of reported victims relating to these […]