Bitcoin’s price is down roughly 56% since January but crypto-related stocks such as MicroStrategy, Riot Blockchain, Coinbase, and Hut8 Mining are down up to 74%. The orange line in the chart below shows Bitcoin’s decline in 2022 as a percentage of the January price. The other lines represent major Bitcoin equities, none of which have…
DefiYield, the DeFi investing and yield farming platform, tracks exploited projects across the DeFi ecosystem through its REKT database. Since January 2022, it has tracked over $60 billion in lost or stolen funds across 1,195 events, including Terra Luna. Ronin, Nomad, and the Wormhole bridge. Roughly $2.4 billion has been recovered throughout the same period,…
Jared Grey, a blockchain consultant and former CEO of EONS, has been appointed as the new Sushi Head Chef following an on-chain vote. Grey received support from 83% of Sushi token holders, with the runner-up, Andy Forman, achieving just 12.5% of the vote. Grey has experience consulting for some of the largest natural mineral miners…
The final day of Cosmoverse in Medellin is coming to an end amid a party atmosphere in South America where few would believe a bear market was underway. Builders, investors, and fans of the Cosmos ecosystem came together in Colombia to celebrate the world of Cosmos and learn about the launch of ATOM 2.0. However,…
Having broken through $19,300 resistance at the fourth time of asking, Bitcoin moved higher during the early hours of Tuesday (UTC) to peak at $20,400. Bull exhaustion sees the $20,170 level providing support in the meantime. However, the significant gains over the past 24 hours have renewed calls for an end to the bear market…
Institutional crypto lending protocol Maple Finance teamed up with Icebreaker Finance to launch a $300 million lending pool to finance accredited bitcoin mining firms across North America, Canada, and Australia. The lending pool launched on Sept. 20 and targeted mid-sized bitcoin mining and infrastructure providers. The loans will be repayable over a 12-18 months period…
The infamous Bitcoin Rainbow Chart has been updated to include a new lower band called “1BTC = 1BTC.” The chart echoes PlanB’s stock-to-flow model in terms of sentiment, with bands indicating when to buy and sell Bitcoin. Source: blockchaincenter.net “The original Rainbow Chart is dead. Long live the Rainbow Chart with the new indigo color…
The total crypto market cap is down 15% over the past seven days, dropping from $1.069 trillion to $903 billion at writing. Most of the losses came on Sunday, September 18, with a steady uptick in outflows beginning in the morning (UTC). This pattern continued into Monday morning, with the early hours seeing significant dips…
On Sept. 14, Chainalysis released a report on Global Cryptocurrency Adoption for 2022. The research revealed that Vietnam has the highest crypto adoption, the Philippines and Ukraine follow as second and third, and the U.S. comes fifth in line. The report stated that the domination of emerging countries in the adoption index, which stood out last…
Celsius Network is looking to sell $23 million worth of its stablecoin assets for U.S. dollars, according to a Sept. 15 filing. Three entities belonging to Celsius hold eleven different forms of stablecoins, which totaled approximately $23 million. The holdings were actively used to facilitate its crypto lending services. Celsius is looking to sell the…