Bitcoin’s hashrate has increased a great deal, even after the leading crypto asset’s price slipped below the $50K price zone. Eight days ago the network hashrate was coasting along at 168 exahash per second (EH/s), and this past week it increased 7.73% to today’s 181 EH/s. Bitcoin’s Hashrate Climbs Higher Following Difficulty Decrease Following the price drop under the $50K zone, Bitcoin’s (BTC) hashrate remains strong and has increased more than 7% higher during the last… Source link

Crypto exchange Bitmart lost nearly $200 million in a hot wallet compromise hosted over the Ethereum (ETH) and Binance Smart Chain (BSC) blockchains. The $200 million Bitmart hack was first revealed by Peckshield, a blockchain security and data analytics company, who initially identified a transfer of roughly $100 million over the Ethereum blockchain. Further investigation from the team revealed a concurrent hack of $96 million over the crypto exchange’s BSC reserves: Total estimated loss:… Source link

What happened? The cryptocurrency market had a rude awakening on Saturday as major cryptocurrencies fell over 20% briefly. As of 1:20 p.m. ET, every cryptocurrency with a market cap over $10 billion is down over the last 24 hours, apart from so-called stablecoins that track the U.S. dollar and other fiat currencies.  Bitcoin ( BTC -7.96% ) was the most notable move, falling as much as 25% from trading at 7:00 p.m. ET on Friday night to a low of $42,749 near 11:00 p.m. ET on as… Source link

Bitcoin‘s (CRYPTO:BTC) price has skyrocketed more than 7,200% over the past five years, easily outperforming traditional assets and silencing the critics who claimed the cryptocurrency’s gains were unsustainable. In this year alone, Bitcoin’s price has nearly doubled, even as China’s crackdown on cryptocurrency trades throttled its gains. As of this writing, the price of a single Bitcoin hovers just above $56,000. Some investors might think Bitcoin’s… Source link

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Dark Crazed Cap” by Isaac Joel. Image credit: Nicky Loh/Bloomberg/Getty Images, modified by CoinDesk. Source link

News Home Saturday, December 04, 2021 07:51 AM | InvestorsObserver Analysts InvestorsObserver gives Litecoin a weak short-term technical score of 30 from its… Source link

A recent paper authored by members of several universities, including Sydney and Macquarie, argues that recent changes in Ethereum monetary policy are making it a better store of value than bitcoin. The deflationary effect that the EIP-1559 proposal has caused in the issuance of the currency is said to be the main cause of this. Ethereum in the Spotlight A new paper released by members of Australian universities last month is putting the spotlight on Ethereum and its possible… Source link

Bitcoin (BTC) has suddenly fallen below $47,000 on Dec. 4, losing nearly 20% in the past 24 hours. This makes this the biggest one-day drop since May 15, when Bitcoin price momentarily came down to nearly $33,000. The market price of BTC fell down 26.4% from week-long support of $57,206 to go down to $42,268 before recovering back to the $45k mark. According to ByBit data, the Bitcoin market experienced $1.3B total liquidations in the past hour, with $735M liquidated in BTC longs on this… Source link

Daily Video Tech Analysis of Bitcoin, Ethereum, Litecoin, and Ripple’s XRP Ethereum Ethereum slid by 6.59% on Friday. Following a 1.58% loss on Thursday, Ethereum ended the day at $4,217. After a mixed morning, Ethereum rose to an early afternoon intraday high $4,663 before hitting reverse. Ethereum broke through the first major resistance level at $4,623 before sliding to a late intraday low $4,036. The extended sell-off saw Ethereum fall through the day’s major support levels. Steering… Source link

“So far I’ve seen upwards of 4000 BTC being sold that pushed the market abruptly down,” Laurent Kssis, a crypto exchange-traded fund expert and director of CEC Capital. “In fact, 1,500 BTC alone was sold in less than a minute at the time of the drop.” Source link