Weekend Wrap: Bitcoin could return to $10K, warns McGlone, Aptos buddies with Lotte and more
Bloomberg Intelligence’s Mike McGlone thinks we may be in for a “global economic reset” that could send Bitcoin down to $10,000. Go to Source
Month: August 2023
Bitcoin revenue per terahash nears record lows as hashrate soars
As the Bitcoin network hash rate tops 414 EH/s, miners are struggling to stay afloat amid plummeting profitability. Go to Source
‘Breakthrough growth’ will be driven by Web3: HK financial secretary
Paul Chan says that blockchain and Web3 tech will be responsible for the next big wave of growth in Hong Kong’s digital tech sector. Go to Source
OnlyFans’ parent company bought $20M of Ethereum as revenue surged
Fenix International, the parent company of OnlyFans purchased the cryptocurrency between 2021 and 2022. Go to Source
Friend.tech pronounced ‘dead’ after activity and fees tank
Buyers, sellers, inflows and transactions have all taken significant dives on the Friend.tech platform after its launch just over two weeks ago, prompting some critics to herald its death. Go to Source
While Friend.tech booms, decentralized social has a retention problem — Execs
Decentralized social network Friend.tech may be booming right now, but execs say decentralized social media apps still have an onboarding and retention issue to fix. Go to Source
Balancer exploited in nearly $900k after vulnerability warning
DeFi protocol Balancer was exploited just a few days after disclosing a vulnerability affecting its boosted pools. Go to Source
Bitcoin price stability creates lucrative setups in TON, XMR, MNT and QNT
Bitcoin price holding $26,000 could open up some bullish trading opportunities in TON, XMR, MNT and QNT. Go to Source
Ronaldinho fails to testify in crypto scam probe, faces possible arrest in Brazil
The investigation centers around Ronaldinho’s company ’18kRonaldinho’, which promised clients daily profits of over 2% through crypto investments. Go to Source
FTX suspends user accounts amid Kroll cyber breach concerns
FTX’s decision was undertaken as a proactive measure aimed at preventing the occurrence of any potential future incidents or additional harm following the recent hack. Go to Source