As the US stock market renewed its sell-off today, the crypto market erased gains made earlier this Friday, dropping for the third day in a row while Bitcoin (BTC) miners sold less BTC. (Updated at 15:33 UTC: updates throughout the entire text.) US stock market indices DOW 30, S&P 500 dropped by around 2%, while…
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Bitcoin price failed to stay above the main support near USD 11,200 and USD 11,000. As a result, BTC declined over 10% and it even traded towards the USD 10,000 support zone. It is currently (08:30 UTC) correcting losses, but it still might correct lower in the coming sessions. Similarly, most major altcoins declined sharply…
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The Russian Ministry of Finance wants to ban crypto miners from receiving token rewards leading to what newspaper Izvestia has called “a de facto ban on the circulation of cryptoassets in Russia.” The newspaper said it has seen Ministry of Finance-drafted legislation proposals pertaining to a forthcoming crypto law that politicians claim may be ready…
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The crypto market took another step lower for the second day in a row, with bitcoin (BTC) falling below USD 11,000 for the first time since the end of July. At pixel time (15:12 UTC), BTC trades at USD 10,818 and is down by almost 5% in a day and a week. The price also…
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Swiss hardware wallet provider Shift Crypto said it has disclosed a vulnerability in the Trezor and KeepKey hardware wallets that could allow for potential ransom attacks – while a potentially nasty new malware strain is threatening to cause widespread wallet theft if left unchecked. The vulnerability can potentially be exploited when users enter passphrases on…
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With yesterday’s correction in ethereum (ETH) and many DeFi tokens also spilling over into bitcoin (BTC), Bitcoin miners sold BTC 844 (USD 9.5m) in a day, or 63% more coins than they generated in the same period of time. Also, according to data from ByteTree, miners have continued to offload more bitcoin than they have…
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Source: Adobe/david_franklin Further details are emerging about the Seoul Metropolitan Police Agency’s all-day raid on Bithumb, South Korea’s leading crypto exchange on suspicions of fraud and embezzlement. A Seoul-based employee at a rival South Korean crypto exchange who asked not to be named told Cryptonews.com, “This really doesn’t bode well for the industry at such…
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Narendra Modi. Source: A video screenshot, Youtube/Narendra Modi An apparent hacking of Indian Prime Minister Narendra Modi’s Twitter account by attackers seeking to scam people into sending cryptocurrency came at a bad time for the industry in India, where the government is still working out what its stance on crypto really is. The hack, which…
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The crypto market has intensified its correction today, sending the total market capitalization down by more than 6%, to USD 371bn, while the majority of top altcoins dropped against bitcoin (BTC). BTC itself lost 5% in a day and is trading at USD 11,328 (UTC 17:15). The price is also down by 1.5% in a…
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Following a recent massive rise of decentralized finance (DeFi) projects – and because of it – some analysts expect wrapped bitcoin to continue being a growing bridge over which bitcoin (BTC) would be ported to Ethereum (ETH). Crypto market data provider Messari noted a stablecoin migration to Ethereum "en masse, making fiat value interoperable with…
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