Crypto news

Bitcoin crashed back beneath $16,000 on Monday, marking another 2-year low of $15,588.  Bitcoin began to show weakness at $16,000 at roughly 16:30 UDT, when the price briefly wicked down to $15,917. The asset then recovered to roughly $16,000, before crashing again to $15,588 at 19:45 UDT.  Ethereum also collapsed below $1,100 to just $1,084 at the time. The last time Bitcoin’s price touched these lows was in early November 2020, prior to Bitcoin’s bull market run that took...

The US Bankruptcy Court of the Southern District of New York approved crypto lender Celsius’ motion for a deadline for customers to file a claim. January 3rd, 2023, has been set as the last date for creditors to file a proof of claim against the bankrupt firm. The filing reads, “The United States Bankruptcy Court for the Southern District of New York (the “Bankruptcy Court”) has entered an order (the “Bar Date Order”) establishing 5:00 p.m. prevailing Eastern Time on January...

Bitcoin miners are selling their coins at a record pace after the top cryptocurrency by market cap fell to its lowest price in 2022 this month.  According to Charles Edwards – founder of Capriole fund – Bitcoin miner sell pressure has skyrocketed by 400% within 3 weeks alone.  His data is backed up by a similar finding from Glassnode, which showed total miner balances plummeting to a 10-month low this week. Their holdings are now worth roughly $30.4 billion, representing...

Shahaf Bar-Geffen – CEO of COTI, a stablecoin development company – revealed the launch date for Cardano’s new algorithmic stablecoin at Cardano Summit on Monday.  After a successful audit, the over-collateralized DJED token will go live in January 2023. What is DJED? DJED is Cardano’s attempt to create a price-stable digital asset backed by ADA – the network’s native cryptocurrency.  By sending ADA to a given smart contract address on Cardano, users will receive the same...

Pro Shares became famous last summer when it announced it would be unveiling the United States’ first bitcoin-based exchange-traded fund (ETF). Pro Shares Has Gone from Hero to Zero Many analysts and traders had mixed feelings about the product. On one hand, traders in the U.S. would now be gaining access to a product they had long wished for. Many people were hoping that a bitcoin-based ETF would come along soon, though there were those who doubted the product as it was...

Press Release: The 2022 World Cup is just around the corner; it is a breath of fresh air for every nook and cranny of the world. November 16 2022, Limassol, Cyprus — 1xBit, an online crypto betting site, has decided to let the cat out of the bag and let everyone join the Ticket Rush tournament. The Ticket Rush tournament is a rare chance to get a piece of the prize pool set at 3 BTC. What You Need to Know About Ticket Rush Now is the appropriate time if you have been...

The World Cup fever starts to hype up in Qatar. As one of the sporting industry’s most anticipated major football leagues, fans are excited about the intense competition among the participating teams. This year, the World Cup will have 64 intense matches in different cities in Qatar, the first country in the Middle East to host such an event. The World Cup becomes more intense with the addition of BC.GAME. The Argentine Football Association recognizes the crypto casino...

Hackers recently took over the Twitter account of popular digital currency exchange Gate.io and initiated a fake Tether giveaway to try and get people to send in their money – money they would have never seen again if they had fallen for the trick. The Twitter Account of Gate.io Has Been Hacked One of the first things the hackers did was manipulate the Twitter feed for the company and change things from Gate.io to Gate.com. This is a common tactic many hackers utilize to...

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Canaan Inc. – one of the largest digital currency mining companies in the world – is unveiling its new crypto mining machine known as the Avalon Made A13 series. Canaan Inc. Is Introducing a New Type of Mining Machine The machine is powered by ASIC technologies and will come in two separate forms. The first is Model A 1346, which features a hash rate of more than 110 TH/s. The second, known as Model A 1366, boasts a hash rate that exceeds 130TH/s. Both machines feature...