Category: Cryptocurrency News

Cryptocurrency News and Public Mining Pools

Bitcoin price drops 3% to ten-day lows as Ethereum inches closer to $1K

More downside pressure across crypto amid challenging regulatory events in both the U.S. and Europe.

Risk of ‘Significant Drawdowns’ Pushes Cypherpunk Holdings to Sell Entire Stash of Bitcoin and Ethereum

On Tuesday, the Canada-based investment firm Cypherpunk Holdings Inc. announced that the company has sold all of its bitcoin and ethereum due to the “risk of further significant drawdowns.” The company has transitioned its treasury to cash after selling 214.72 bitcoin and 205.82 ethereum as Cypherpunk Holdings continues “to see systemic risks propagating” across the […]

Found this great comic on Optimism.

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

80,000 Bitcoin millionaires wiped out in the great crypto crash of 2022

The crypto crash has seen the number of Bitcoin millionaires decline by more than 75% since November last year.

Crypto.com Will Now Allow Users To Buy Crypto With Apple Pay | Bitcoinist.com

submitted by /u/JeffyJackson101 [link] [comments]

OpenSea data breach causes massive leak of users' email addresses

The NFT marketplace noted that it has reported the incident to law enforcement officials and that an inquiry is underway.

Has Tether exhausted all of its cash on hand and is now forced to sell raw Bitcoin (its ‘cash equivalents’) for every redemption? Sounds like a wild accusation, but today’s $500 million Tether redemption perfectly lined up with that gigantic market dump of Bitcoin.

We have known for a while that Tether isn’t 100% backed by cash, but I think crypto faithful wanted them to be at least somewhat legit. Because, cmon – they weren’t really just printing tethers out of nowhere and buying raw bitcoin with them… were they? Also we’ve known that Tether has been slowly being…
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zkSync Community Update – June 2022

submitted by /u/Fly1n_Hawaiian [link] [comments]

Report: Taiwan’s Central Bank May Need 2 Years to Complete Work on CBDC

Taiwan’s central bank is yet to conclude work on its central bank digital currency (CBDC) and according to the bank’s governor, the institution may need two more years to finish its work, a report has said. Some of the bank’s next tasks include winning the public’s support, ensuring the system is stable, and building the […]

OpenSea hit by data breach

submitted by /u/I-LUV-CUPCAKES-AND-U [link] [comments]