Bitcoin (BTC) traded in uncertain territory on April 4 as the Wall Street open failed to unleash bullish continuation. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader gives $43,000 BTC near-term dip target Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dipping above and below the $46,000 mark Monday, continuing a low-volatility few days. The pair had managed to seal…
The hacker that exploited Ronin Bridge to drain $622 million from Axie Infinity developer Sky Mavis’s treasury has moved millions of the hacked funds today, according to on-chain data from Etherscan. The transaction history reveals that some twenty transfers were made to the same Tornado wallet over the last eight hours. Each transfer sent over 100 Ethereum or about $345,500…
Andrew Bailey, Governor of the Bank of England, has raised concerns that crypto presents opportunities for scammers and criminals, per Bloomberg. “You only have to ask the question: what do people committing ransom attacks usually demand payment in? The answer is crypto,” Bailey said at a “Stop Scams” conference organized by the Bank of England. He added that while cryptocurrencies…
Intel has announced details for its upcoming bitcoin mining chip, the Intel Blockscale ASIC, which will ship in Q3 2022.Intel’s chip, focused on energy efficiency and sustainability, will operate with up to 26 J/TH of power efficiency.The chipmaker will supply customers with only the ASIC ship itself, instead of shipping a fully-fledged mining system as currently common in the industry.…
Bitcoin (BTC) mining in Norway is 100% renewable and “flourishing” according to a report by Arcane Research. “A green oasis of renewable energy,” Norway contributes almost 1% to the global hash rate and is almost entirely powered by hydropower. The report compiled data from the Cambridge Bitcoin Electricity Consumption Index and data from Coinshares to conclude that Norway contributes 0.77%…
Tesla CEO Elon Musk has taken a stake in Twitter Inc. after stating that he is “giving serious thought” to building a new social media platform — one that prioritizes free speech. An analyst says this could eventually lead to a buyout. Elon Musk’s Stake in Twitter Tesla and Spacex CEO Elon Musk disclosed that he has taken a 9.2%…
Bitcoin has traded between $30,000 and $50,000 from the start of 2022 to date. During that time, the mining industry has grown by leaps and bounds, as evidenced by steadily increasing difficulty and well over 200 exahashes (EH) of total computing power. But regardless of price and other metrics, new blocks and their rewards keep coming at a pace of…
Vitalik Buterin, the founder of Ethereum (ETH), recently expressed his concerns about Ethereum’s future. However, attendees of the recent ETHDubai event voiced mixed sentiments over Buterin’s talk on crypto’s perils. In an interview, Ethereum’s founder pointed out some of his worries regarding the platform. This includes the platform being populated by players who are only after profit and deviate from…
The cryptocurrency hardware wallet provider Ledger has partnered with The Sandbox blockchain game to promote crypto education in its virtual world. Ledger’s chief experience officer Ian Rogers announced the news at the Non-Fungible Conference (NFC) on Monday. He said that the new partnership aims to bring security into The Sandbox’s world and also provide Ledger with a place in The…
Tesla CEO and founder of SpaceX Elon Musk has taken a 9.2% stake in Twitter Inc., per Bloomberg. According to an SEC filing, Musk has purchased 73,486,938 shares of common stock. With TWTR trading at $39.31 at Friday’s close, this brings the total purchase to more than $2.8 billion. As for the price of Twitter’s stock, it has already jumped…
