As initially reported by CryptoSlate early hours of Wednesday morning, a significant exploit has caused thousands of crypto wallets to be drained of funds. The initial report was released as the incident was ongoing; however, a follow-up article revealed more information regarding the connection to Slope FInance. Information is finally coming to light as to…
Ethereum Classic’s (ETC) value increased by over 150% in July, making it one of the top performing digital assets of the month. The asset was trading at $36.50 as of press time after shedding over 11% in the last 24 hours. Interest in the asset reached a crescendo when Ethereum (ETH) developers revealed the date…
Less than 24 hours after breaking through the $23,000 resistance, Bitcoin rallied to trade at over $24,000. Trading at $23,800 at press time, Bitcoin led a broader rebound that saw the global crypto market regain $1 trillion in market capitalization. Graph showing Bitcoin’s price on July 28, 2022 (Source: TradingView BTC) While breaking through the…
The Federal Reserve, chaired by Jerome Powell, has announced that it will raise interest rates in the U.S. by 75 basis points. The increase matched the market consensus, which some analysts deemed to be priced into the traditional markets. The crypto markets have reacted positively, with Bitcoin up 3% in the moments after the data…
Bitcoin’s (BTC) price crashed to its lowest in the last seven days in the early trading hours of July 26, pulling the industry’s market cap to less than $1 trillion, per CoinMarketCap data. According to the data, Bitcoin lost over 4% of its value in the last 24 hours and traded for as low as…
In an unexpected turn of events, market leader Bitcoin (BTC) rallied to trade above $23,000 for the first time since June 13. Over the last 24 hours, Bitcoin jumped by 9% to trade at $23,400 at writing. This sees BTC move above the 50-day simple moving average – the last time this happened was as…
Bitcoin’s (BTC) price has crashed under $20,000 following news that inflation in the United States has hit its highest point in 40 years. According to the latest statistics released by the US Bureau of Labor Statistics, the Consumer Price Index for June 2022 was 9.1%, up from the 8.6% recorded in May 2022. The latest…
The crypto industry has experienced its worst month ever as over $400 billion was wiped off the market by the capitulation of digital assets in June. #Bitcoin is about to close -40% in June – the worst month ever! 🤨 pic.twitter.com/rQ2JckE7rF — Bitcoin Archive 🗄🚀🌔 (@BTC_Archive) June 30, 2022 Bitcoin (BTC) and Ethereum (ETH) were…
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! The popular move-to-earn app STEPN reportedly has over 3 million users, yet the price of its governance and reward tokens are in free fall. Is this the end of move-to-earn or a return to the mean after an overinflated price point…
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Bitcoin (BTC) fell below a previous cycle’s all-time-high price — $19,750 — for the first time in its history after it hit $18,750 in the early hours (GMT) of June 18. Despite a slight uptick by the afternoon, BTC is still…