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Mature Bitcoin Wealth Taps an All-Time High — Diamond Hands Trend Highlights ‘Refusal to Spend’
27.9.2022
After bitcoin neared $25K roughly 44 days ago, the crypto asset’s price has lost more than 17.88% in value against the U.S. dollar. Onchain analysis from researchers at Glassnode details that the price drop has placed short-term holders into “severe unrealized loss.” Long-term...
Vietnam Crypto Miners Complain About Losses From Ethereum’s Merge
19.9.2022
Miners in Vietnam have expressed grievances over the loss of business following Ethereum’s transition to a consensus mechanism that does not require the energy-intensive computing they were providing. Many are in trouble, local media reported, quoting entrepreneurs and mining enthusiasts....
Zircon Finance launches mainnet to mitigate impermanent loss on Moonriver
15.9.2022
Impermanent loss relates to a condition wherein investors end up losing assets they had previously dedicated to providing liquidity to a liquidity pool
500,000 DAI From DAO Maker Exploit Was Sent Through Tornado Cash, Security Analysts Report
9.9.2022
On September 8, the crypto security and smart contract auditing firm Certik revealed that 500,000 DAI was sent through the Tornado Cash mixing platform after the funds were stolen in August 2021. The digital assets originally stemmed from the DAO Maker breach that saw the loss of more than...
Apple Shielded From Crypto Wallet App Lawsuit, Judge Rules
8.9.2022
A federal judge in California has ruled that Apple Inc. is shielded from the “Toast Plus” class action lawsuit where a fake crypto wallet app was available in the Apple App Store. A customer sued the tech giant after downloading the fraudulent app and lost some crypto. Apple...
ShadowFi Exploit Allows $300k Liquidity Drain, Massive Cryptocurrency Loss
6.9.2022
ShadowFi tweeted about the cyber attack. Hackers made an attack on DeFi systems possible by a crypto-private effort known as ShadowFi. A prominent blockchain security firm, Peckshield, sounded the alarm and revealed the exploitation cost around $300,000....
Read More: ShadowFi Exploit Allows $300k...
ShadowFi Exploit Allows $300k Liquidity Drain, Massive Cryptocurrency Loss
6.9.2022
ShadowFi tweeted about the cyber attack. Hackers made an attack on DeFi systems possible by a crypto-private effort known as ShadowFi. A prominent blockchain security firm, Peckshield, sounded the alarm and revealed the exploitation cost around $300,000....
Read More: ShadowFi Exploit Allows $300k...
New fix for curse of Impermanent Loss proposed on Avalanche
24.8.2022
Trader Joe says its "Liquidity Book" will mitigate the impermanent loss "suffered by so many liquidity providers on other DEXs" during times of market turbulence
Bitcoin addresses in loss hit 1-month high as BTC price retests $21K
23.8.2022
There are now more than 17.5 million Bitcoin wallets underwater with little faith in a rebound coming from analysts in the face of a surging dollar
Crypto Lender Nexo Sues Former Director Over $7.9M Trading Loss: Report
17.8.2022
Cryptocurrency lender Nexo is taking legal action against its former director, Georgi Shulev, on claims that he failed to keep his side of a settlement agreement
Crypto Economy’s Top Privacy Coins Take a Hit After US Government Banned Tornado Cash
15.8.2022
Following the U.S. government prohibiting the use of the ethereum mixing service Tornado Cash, the crypto economy’s top privacy coins lost more than 8% in USD value the following evening after the ban announcement. The top privacy coins like monero and zcash managed to recover the losses...
Coinbase posts $1.1B loss, Polygon DApps rocket 400% in 2022 and Elon Musk says inflation is on the decline: Hodler’s Digest, Aug 7-13
13.8.2022
Bakkt's Q2 Loss Narrows to $27.6M, Tones Down Yearly Guidance
11.8.2022
The firm lowered its yearly net revenue guidance to $57 million- $62 million
Hut 8's Q2 Loss Widens to $69M, Continues to Hodl Bitcoin
11.8.2022
The miner's earnings took a hit as it works to diversify towards high-performance computing
Coinbase posts $1.1B loss in Q2 on 'fast and furious' crypto downturn
10.8.2022
It's the largest quarterly net loss for the crypto company since listing on the Nasdaq Stock Exchange in April 2021
Cipher Mining Lowers Per-Terahash Cost of Mining Rigs Even as Quarterly Loss Widens
9.8.2022
The miner expects to deploy 6.9 EH/s by early 2023
SoftBank Reports Record Quarterly Loss
8.8.2022
The decline was attributed to the global sell-off in tech stocks
Galaxy Digital Q2 Net Loss Jumps to $554.7M
8.8.2022
The massive jump in losses was mainly due to the crypto market downturn and on investments in their trading business
Solana-hacked crypto could be claimed as a tax loss: Experts
5.8.2022
Australian, Canadian & U.K. crypto investors may potentially claim hacked crypto as a tax loss, but U.S. investors will miss out, according to tax experts
'This is on me' — Robinhood CEO to lay off 23% of staff after Q2 loss
3.8.2022
The online retail broker blamed the economy for a decline in user numbers and net revenue that fell 44% year-on-year, although revenue from crypto rose moderately this quarter