Category: Cryptocurrency News

Cryptocurrency News and Public Mining Pools

Crypto conspiracy theories abound, but prop traders are just doing its job

FTX founder Sam Bankman-Fried and Alameda Ventures made recent headlines for bailing out a handful of CeFi crypto platforms this week, but what exactly do market makers do?

Curious why do people lend stables to aave/compound at such low interest rates

Hi, I have heard US has raised interest rates and it seems banks are offering higher interest now. 0.75-1%. But when I see interest rates in aave/compound they are quite low (<0.4%). I expected given these defi lending protocols are efficient than banks, I expected these interest rates to be atleast as much as banks…
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Ethereum surge spikes institutional interest in digital assets by Hong King’s OSL

It's general knowledge that crypto assets are indeed in a downtrend, but major cryptocurrencies have risen amidst the bear market. Ethereum rises by 16.9% currently, with its price at $1,223.38, with a 24-hour trading volume of over $16.3 billion According to, Hong Kong's OSL virtual asset trading platform still stays strong in Crypto and Ethereum's…
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Bitcoin has died 15 times this year and we are just halfway through. Bitcoin will keep coming back, the question is whether you will.

With recent Google search trends the search of "Bitcoin is dead" has actually gone to a completly new ATH. Yes there were never more people calling BTC dead than right now. And if we take this with the previous times we saw this search peak this year and Media outlets called Bitcoin dead. BTC is…
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Top 5 cryptocurrencies to watch this week: BTC, UNI, XLM, THETA, HNT

Although Bitcoin is struggling to form a bottom, altcoins are on a roll and the current price action could benefit UNI, XLM, THETA and HNT.

Anti-Crypto hate

So I’ve been on twitter and I’m surprised at the amount of crypto hate, like genuinely surprised at the amount of people who just ignore, or disregard the tech completely. Even if they’re relatively intelligent people. Can someone help me understand where this originated? Was it a news article or is it just media in…
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Crypto market regains 11% capitalization in a week

submitted by /u/hamalayanmonke [link] [comments]

A genuine question🤔

Correct me if I’m wrong, but the very basic notion of investing in crypto is that a bear market is where money is made as you purchase assets at discounted prices and a bull market is where profits are realised as this is where these assets rise significantly. My perspective is that this current climate…
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Why Pain May Not Be Over For Bitcoin Holders Just Yet

Past trend of the Bitcoin long-term holder SOPR (EMA 30) may suggest that BTC holders may face more pain in the coming months. Bitcoin Long-Term Holder SOPR Has Dropped Below “One” Recently As explained by an analyst in a CryptoQuant post, BTC investors may be in for a frustrating few months if history is anything to go by. The “spent output profit ratio” (or SOPR in short) is an indicator that tells us whether Bitcoin investors are selling at a profit or at a loss right now. The metric works by going through the transaction history of each coin being sold on the chain, to see what price it was last moved at. If the previous selling price of any coin was less than the current value of BTC, then the coin has just been sold for a profit. On the other hand, the past value being more than the latest price of the crypto would imply the coin has moved at a loss. When the value of the SOPR is greater than one, it means the overall Bitcoin market is selling at a profit right now. Related Reading | Bitcoin Coinbase Premium Gap Approaches Zero, Selloff Ending? On the other hand, values of the indicator less than one imply investors as a whole are realizing some loss at the moment. Now, the “long-term holder” (LTH) group includes any Bitcoin investor who has been holding their coins since at least 155 days ago without moving or selling. The below chart shows the trend in the SOPR over the history of the crypto specifically for these LTHs. Looks like the 30-day exponential-MA value of the indicator has gone down recently | Source: CryptoQuant In the above graph, the quant has highlighted all the regions of relevant trend for the Bitcoin long-term holder SOPR. It seems like during past bottoms, the indicator’s EMA-30 value has gone below one and trended sideways there for a while (except for the COVID-19 crash, where the metric didn’t stay in the zone for too long). Related Reading | Bitcoin Whale Presence On Derivatives Still High, More Volatility Ahead? Recently, the LTH SOPR’s value has once again gone below one, suggesting long-term holders are realizing losses right now. The analyst notes that while such capitulation events have historically lead to bottom formations, it may still be a while, even months, before a low is actually found. BTC Price At the time of writing, Bitcoin’s price floats around $21.4k, up 11% in the past week. Here is a chart that shows the trend in the value of the coin over the last five days: The price of the coin seems to have surged up over the last few days | Source: BTCUSD on TradingView Featured image from Kanchanara on Unsplash.com, charts from TradingView.com, CryptoQuant.com

Harmony’s $100M Hack Was Due to a Compromised Multi-Sig Scheme, Says Analyst

On June 23, 2022, the Harmony development team announced that $100 million was siphoned from the Horizon bridge, and the organization explained it was working with national authorities and forensic specialists. According to an account published Polygon’s chief information security officer, Mudit Gupta, the Horizon bridge attacker allegedly took control of the multi-signature wallet leveraged […]