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Jump Crypto replenishes funds from $320M Wormhole hack in largest-ever DeFi 'bailout'
3.2.2022
The venture capital firm dug into its own pockets to restore trust in the Wormhole ecosystem
Hut 8's 'Ferrari of GPUs' Ready for Ethereum's PoS Move, Miner Open to M&A
3.2.2022
Contrary to smaller Bitcoin (BTC) and crypto miners, Canada-based Hut 8 would not be "really affected" by Ethereum (ETH)'s move to the proof-of-stake (PoS) consensus mechanism, as the miner is ready "no matter what," Sue Ennis, Vice President (VP) of Corporate Development and Investor Relations...
Video Game Retailer Gamestop Partners With L2 Startup Immutable X, Launches $100 Million NFT Fund
3.2.2022
Last May it was discovered that the video game retail giant Gamestop was stepping into the world of non-fungible token (NFT) technology. Nine months later, Gamestop has revealed it is partnering with the layer two (L2) Ethereum scaling project, Immutable X. The two teams have also established...
USD 150M Bet On 'Extending' Bitcoin, Miners Help Texas, Proof-of-Kraken, NFT Investments + More News
3.2.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: USD 150M Bet On 'Extending' Bitcoin, Miners Help Texas, Proof-of-Kraken, NFT Investments + More News
Bitcoin, Ethereum Technical Analysis: Ethereum Down 6%, Crypto Red Wave Returns
3.2.2022
Bitcoin and ethereum saw recent losses extended on Thursday, as global cryptocurrency markets declined during today’s session. Solana was also in the red, trading nearly 15% lower today. Bitcoin Following Wednesday’s drop in prices, BTC/USD declined for the second consecutive session...
Solana price 'bear flag' paints $50 target as Wormhole hack exposes security hole
3.2.2022
The bearish continuation setup could push Solana price dropping to nearly $50 in the sessions ahead
Bitcoin and Ethereum Move Lower, QNT Rallies
3.2.2022
Bitcoin price started a downside correction below the USD 38,000 level. BTC even traded below the USD 37,000 level. It is currently (11:53 UTC) struggling to rise above the USD 37,500 resistance level.
Similarly, most major altcoins are facing hurdles. ETH could accelerate if there is a clear...
Indian Parliament Unlikely to Discuss Crypto Bill During Budget Session - Finance Minister
3.2.2022
The vivid debate surrounding India’s forthcoming crypto legislation has taken another turn as the country’s Finance Minister Nirmala Sitharaman announced that the bill is unlikely to be discussed during the parliament’s ongoing budget 2022 session that is to end on April 8.
Sitharaman...
Indian Parliament Unlikely to Discuss Crypto Bill During Budget Session - Finance Minister
3.2.2022
The vivid debate surrounding India’s forthcoming crypto legislation has taken another turn as the country’s Finance Minister Nirmala Sitharaman announced that the bill is unlikely to be discussed during the parliament’s ongoing budget 2022 session that is to end on April 8.
Sitharaman...
Web3 Data Platform Dune Analytics Propels to Unicorn Status After $69.4 Million Fundraise
3.2.2022
The Web3 analytics platform Dune Analytics has announced it has closed a $69.4 million Series B fundraise led by Coatue. The firm’s latest fundraise follows the company’s Series A last August when Dune Analytics raised $8 million. With the Series A and B combined, the firm has been...
The 4th Largest Crypto Theft Shows DeFi Weakness as Hacker Nets USD 325M in Solana's Wormhole
3.2.2022
The DeFi bridge between Solana (SOL) and other blockchains Wormhole lost wETH 120,000 (USD 325m) in a hack, once again stressing the weaknesses of this nascent sector. The team offered the hacker a USD 10m bounty if they return the funds.
In their latest update (12:41 AM UTC), Wormhole...
Bitcoin and Ethereum Trim Gains, Altcoins Drop Even More
3.2.2022
Bitcoin price failed to make a move towards the USD 40,000 resistance. BTC started a fresh decline from USD 39,200 and declined below USD 37,000. It is currently (04:11 UTC) down 4% and there is a risk of more losses below USD 36,800.
Similarly, most major altcoins are moving lower. ETH topped...
Wormhole Network’s Cross-Chain Bridge Exploited for Over $250 Million in Ethereum
3.2.2022
Reports indicate that the Wormhole Network’s ethereum ↔ solana bi-directional bridge has been exploited by an attacker for 93,750 ether or more than $250 million using today’s ethereum exchange rates. The developers behind the Wormhole Network have told the public the network...
How to Use Layer-2 Solutions to Save on Ethereum Fees: Immutable X
2.2.2022
The Ethereum (ETH) network has been struggling to scale, plagued with skyrocketing gas fees and slow transaction confirmation times. Following the explosion of decentralized finance (DeFi) and non-fungible tokens (NFTs) over the last two years, the strain on the network has become palpable...
Price analysis 2/2: BTC, ETH, BNB, ADA, SOL, XRP, LUNA, DOGE, DOT, AVAX
2.2.2022
Bitcoin and altcoins took an unexpected dip today, signalling that even with $40,000 in sight, the overall sentiment remains negative
Bitcoin, Ethereum Technical Analysis: Bitcoin Consolidates After Yesterday’s Rally
2.2.2022
Hump-day provided a hurdle for cryptocurrency prices, which mainly consolidated, after a strong start to February. Bitcoin and ethereum were both trading lower during today’s session. Bitcoin BTC/USD followed up yesterday’s rally with a weak showing on Wednesday, falling by as much...
Ethereum Founder Confirms DOGE Shifting to Proof-of-Stake
2.2.2022
Dogecoin recently announced working with Vitalik Buterin to bring proof-of-stake to the network. The Ethereum founder confirmed the news, stating that the meme coin will complete the shift for its new community staking system. Elon Musk, the world’s richest man, owns Dogecoin and tweets about...
Why did WazirX token WRX jump 30% after India announced its big crypto tax?
2.2.2022
The Indian government said that it does not treat cryptocurrencies as illegal, clarifying that its transactions remain in a grey area
Smaller Altcoins Extend Gains while Bitcoin and Ethereum Look for Direction
2.2.2022
Bitcoin price is currently (11:58 UTC) consolidating near the USD 38,500 level. If the bulls remain active, the price could rise towards the USD 40,000 level.
Similarly, most major altcoins are attempting a key upside break. ETH could accelerate higher if there is a move above USD 2,800. XRP might...
Bitcoin and Ethereum Still Consolidate, ETC and LEO Rally
2.2.2022
Bitcoin price started a steady increase above the USD 38,000 resistance. BTC even traded above the USD 38,800 but faced sellers near USD 39,200. It is currently (04:19 UTC) consolidating, with a strong support near USD 37,800.
Similarly, most major altcoins are showing positive signs. ETH spiked...