I don't know why my last post got removed about it, but listen. Paypal just implemented ENS into their platform, along with Venmo. Vitalik just tweeted about how amazing ENS is for the ecosystem again. Balaji has ranted about the importance of ENS countless times. It's been around since 2017, and lets you choose a…
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Hi, anyone going to attend Devcon 2024? I want to apply for the student ticket as it's much cheaper. Does anyone knows how long it would take for the approval? Thanks! submitted by /u/hilaryduff_tak [link] [comments]
The reaction comes after users took to X to complain about Uniswap asking for as much as $20 million for protocol deployment.
A recent report by Bloomberg highlights that the difficulty of mining Bitcoin has surged to a record high, reflecting increasing competition among cryptocurrency miners. On Wednesday, mining difficulty rose by 3.5%, as reported by crypto-mining tracker CoinWarz. This metric, which has been climbing steadily, often aligns with market expectations for Bitcoin’s price movements. Post-Halving Challenges Following the April Halving, which reduced miners’ potential revenue by half, the Bitcoin price has dropped approximately 10% to a current trading price of $57,000. Per the report, this reduction has significantly pressured the profit margins of many mining companies, particularly those operating at higher costs. Christopher Bendiksen, Bitcoin research lead at CoinShares, noted: The effect of the all-time high in difficulty, right on the back of the Halving, is making the outlook extremely challenging for many miners—especially those at the higher end of the cost curve. The researcher added that if current trends persist, some miners may struggle to remain cash flow positive, let alone achieve profitability. Related Reading: Polkadot Recovery Stalls As Bearish Pressure Returns With $3.5 In Sight Miners play a crucial role in the Bitcoin ecosystem by using specialized computers to validate transaction data on the blockchain, thereby securing the network. In return for their efforts, they earn Bitcoin rewards. However, the financial landscape for miners has been tough this year; shares of major publicly traded mining companies have plummeted, with Marathon Digital Inc. and Riot Platforms Inc. experiencing declines of 31% and 54%, respectively. In contrast, Bitcoin’s price has shown consistency despite current challenges, climbing 38% and reaching a record high of $73,798 in March, fueled by optimism surrounding the demand for US exchange-traded funds (ETFs) that hold BTC. Additionally, Bitcoin’s hash rate—the total computing power supporting the network—hit an all-time high in September, indicating strong participation in mining activities. Crucial Months Ahead For The Bitcoin Market Historically, the Bitcoin price has often dipped following its Halving event, only to rebound several months later, eventually hitting new record highs. Many industry participants are anticipating a potential rally in the fourth quarter, with Bobby Zagotta, CEO of crypto exchange Bitstamp USA, expressing optimism about market movements. However, Bendiksen cautioned that many miners appear to be banking on a significant price increase in Bitcoin. “If that fails to materialize, there will be trouble ahead for some operators,” he warned. Related Reading: Is Chainlink (LINK) $12 Breakout Imminent? Data Reveals A Rising Open Interest The coming months will be crucial in determining the sustainability of mining operations and the broader health of the market, with expectations for further price recoveries increasing in the latter part of the year, with other potential catalysts including easing macroeconomic conditions and the outcome of the US election. As of now, the largest cryptocurrency on the market is down a slight 0.4% in the 24-hour time frame, and nearly 2% in the last seven days, showing BTC’s struggle to regain previously lost levels. Featured image from DALL-E, chart from TradingView.com
The exchange announced that cbBTC is now available in the United Kingdom, Australia, Singapore, and all US states except New York.
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A report by Simplicity Group Research uncovers Bybit’s dominant day one token price performance, outperforming Binance and Coinbase.
I was receiving a payment for a service. The guy sent it to me using tether USD, the amount was 280 usd. I use exodus for crypto and it showed that the money was processing on my screen when the guy sent it to me then halfway it just stopped. I checked the hash id…
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On Tuesday, Indian cricket fans were targeted by scammers with a Solana-based token. The attackers attempted to profit from sports fans after hacking Delhi Capitals’ X account. However, the scheme failed to gain much traction despite its peculiar efforts to publicize the memecoin. Related Reading: Altcoins About To Take Over? Analyst Suggests Time To Accumulate Will End Soon Crypto Hackers’ New Promotional Method Delhi Capitals, a team from the Indian Premier League (IPL), recently suffered a social media security breach. Hackers took control of the cricket team’s X account on Tuesday, targeting their 2.6 million followers. The attackers promoted a Solana-based token in a series of now-deleted posts, hoping to pump the price with their peculiar tactics. Typically, hackers try to take advantage of public figures or institutions with large followings by posing as them. Most of the time, attackers promote Solana-based memecoins related to the hacked personality. Scammers pretend these public figures have entered the crypto space, sometimes advertising fake collaborations with institutions within the industry. These methods usually deceive thousands of unsuspected users who invest money in these scams. In this case, Delhi Capital hackers took a different approach. The scammers named their Solana memecoin “HACKER” and publicly declared they had unauthorized access to the account. One of the posts stated, “Yes, this is a hacked account!” and claimed that they would “make profits” from it. The hackers revealed they use this method to boost their scams, repeatedly asking users to search for the ticker on X so they could see their “strength”: We will make profits, WE hack accounts on each account the token address will be posted and the token will pump. Search $HACKER to see our strength!. A quick search on X revealed that this wasn’t the attackers’ first rodeo. The ticker shows that the hackers previously attempted to scam crypto investors and sports fans with this method. Per the report, Korean Esports team T1 and two crypto-related apps recently suffered similar security breaches. The respective posts displayed the exact message as Delhi Capitals but had a different Solana contract address. Solana Memecoin Fails To Make Big Numbers Solana memecoin scams have collected millions of dollars from users before. As reported by NewsBTC, several celebrities and companies have fallen victim to these schemes. Recently, hackers promoted a fake Solana token on McDonald’s official Instagram account. The memecoin, themed after the character Grimace, surged over 400% to a market capitalization of $25 million in less than an hour. This resulted in approximately $700,000 in ill-gotten profits for the scammer. Other rug pull scams have targeted the fan bases of personalities like Real Madrid player Kylian Mbappé, and former professional wrestler Hulk Hogan. The latter resulted in a $17 million scam. Nonetheless, the Delhi Capitals hackers failed to profit from the cricket team’s 2.6 million followers. The HACKER token didn’t surpass a market capitalization of $40,000 on the day of its creation and failed to reach half of that as the scam was taking place. Related Reading: Crypto Investor Loses $16 Million Amid Friend.tech’s Controversy And Token Crash It’s worth noting that, during these types of scams, some investors consciously trade these fake tokens to profit from the hype before the scheme ends. This time, most of the token’s transactions appear to have been done by the hackers in preparation for their heist. After the cricket team regained control of the X account and deleted all the HACKER-related posts, the token’s trading activity plummeted to zero. As of this writing, the Solana memecoin has a market cap of $4,300. Featured Image from Unsplash.com, Chart from TradingView.com
