In January, ETH’s supply decreased by 10,145.72 units. February might be marked by a price decline.  According to data from Ultrasound Money, in January, Ethereum’s [ETH] supply decreased by 10,145.72 units, resulting in a net deflationary value of approximately $16 million. As of this writing, the current total supply of ETH stood at 120,515,752, with an annual growth rate of -0.012%.  Source: Ultrasound Money Read Ethereum’s [ETH] Price… Source link

New stealthy malware designed to hunt down vulnerable Redis servers online has infected over a thousand of them since September 2021 to build a botnet that mines for Monero cryptocurrency. Discovered by Aqua Security researchers Nitzan Yaakov and Asaf Eitani, who dubbed it HeadCrab, the malware has so far ensnared at least 1,200 such servers, which are also used to scan for more targets online. “This advanced threat actor utilizes a state-of-the-art, custom-made malware that is… Source link

Ethereum’s next big upgrade, Shanghai, is on the horizon for March. The Shanghai hard fork will implement further improvement proposals for the Ethereum network as well as enable Ether (ETH) stakers and validators to withdraw their assets from the Beacon Chain. At the time of writing, staked ETH represents approximately 14% of the total supply, or 16 million coins. It equates to over $25 billion at ETH’s current price, a substantial sum that will gradually become liquid following the… Source link

Litecoin (LTC) is rallying with big support from shark addresses that have accumulated more than $108 million worth of the token within months, according to Santiment. Crypto analytics firm Santiment says shark addresses have “aggressively” accumulated the token since July 2022, helping to push it toward $100. “Litecoin has now rallied its price up +89% since its drop below $50 on November 9th. Culprits for the surge of the 11+ year-old coin include addresses holding… Source link

“Despite our best attempts to be decentralized and secure, we know that, like any entity, there will always be attack surface,” wrote the pseudonymous node operator Valdorff in the proposal. “The only thing we can do to ensure the safety of the Ethereum network is to avoid being a single point of failure by limiting our size.” Source link

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Bitcoin’s (BTC) price has been trading above $22,500 for 12 days. Of course, this situation can change even if Federal Reserve chair Jerome Powell issues positive statements about the economy in today’s post-FOMC presser.  Even if the decision matches the market consensus, the post-meeting statement should be investors’ primary area of focus. Specific areas to focus on would be clues for the next meeting in March. Troubling news for the largest stablecoin Tether (USDT), could also cause a… Source link

News Home Wednesday, February 01, 2023 04:11 PM | InvestorsObserver Analysts Monero Classic receives a strong long-term technical score of 93 from… Source link

Cool Cats was one of the hottest profile picture projects to come out of the late 2021 NFT market boom, but prices declined sharply last year as collectors’ gripes piled up. Today the founders behind the project unveiled a new path forward with refreshed branding—and future expansion beyond Ethereum with customizable, full-body avatars. “With our new strategic direction and rebrand, we want to convey to the community and the broader Web3 space that Cool Cats is here to stay,” Cool… Source link

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their… Source link