The cryptocurrency crash has triggered a string of retail and institutional sell-outs. ThreeArrowsCapital, a singapore-based cryptocurrency hedge fund with $10 billion in assets, faced a liquidity crisis and went into liquidation. A few days ago, a 200, 000 Ethereum address is also on the verge of bursting positions. This news caused great concern in the …
In a recent interview, Dogecoin co-founder Jackson Palmer compared investing in cryptocurrencies to playing roulette and said the bottom of the cryptocurrency "house of cards" is "starting to crumble." Palmer said that while the recent cryptocurrency slump does not represent the end, many people are aware of the "systemic risk" it poses. Mr. Palmer, who …
Dogecoin co-founder: Cryptocurrency 'House of Cards' is starting to collapse Read More »
Ethereum, the world's second-largest cryptocurrency, completed a major upgrade to its "London hard fork" on Thursday. According to CNBC, major changes include changing the way transaction fees are calculated to reduce the volatility of Ether; It also makes it harder for miners to make money, and may eventually make mining irrelevant. The much-publicized and somewhat …
It's going to be hard to make money from mining in the future Read More »
Ethereum miners alone have reportedly spent about $15 billion on graphics cards in the past 18 months. That figure doesn't include gpus that gamers use for gaming and mining, as they try to recoup some of the cost of their expensive graphics cards. The figures also do not include the cost of cpus, motherboards, Psus …
Ethereum miners have spent $15 billion buying graphics cards in the past 18 months Read More »
They drove for 20 hours, and the whole way they talked about cryptocurrencies and blockchain technology, how it's going to change the world. They talk about concept after concept, each crazier than the last. It's as if their brains are constantly being rocked by new ideas. "Bitcoin-based development like mastercard can create so many possibilities. …
Bitcoin is like money. Ethereum is a bank account Read More »
According to the latest on-chain data, more than 1 million Ether coins, worth the equivalent of $4.24 billion, have been burned since IP-1559 officially went live in August. However, ether is still inflationary at around 1% a year, but that will change next year with the upcoming Ethereum 2.0/1.0 merger. More than 1 million Ethereum …
More than 1m ether coins were destroyed in three months Read More »
Since Friday's U.S. CPI data for May beat expectations, investors around the world have sold risky assets on fears inflation will last longer. The worst performer is the cryptocurrency market. Bitcoin fell below the $21,000 mark on Monday, hitting a low of $20,950, its lowest level since December 2020. The latest price was $21,598, marking …
Bitcoin plunges, experts say virtual currency decline is inevitable Read More »
Why don't we just shut down the virtual currency exchange? In fact, there is not a single virtual currency exchange platform in China. They were cleaned up long ago after 2017. At present, the virtual currency trading platforms used by everyone, such as X an, X coin, x K and other trading platforms, are operated …
Why not just shut down the virtual currency exchange platform? Read More »
EDG won the League of Legends global Finals in the early hours of November 7, triggering a frenzy of esports players in China. Meanwhile, an unrelated version of the same name, the EDG Coin, showed the world just how crazy virtual currency speculation can be, being bought up 2,699 times. Less than 12 hours after …
EDG won the championship, earning 26.99 million by buying 10,000 virtual coins Read More »
The cryptocurrency market is Mired in a bear market. On June 13, the latest market data showed that the price of bitcoin briefly hit $25,000 a piece, and the back and forth at that point, the 24-hour decline has reached 7.4%, the lowest since December 26, 2020. Ethereum, another pillar of the market, has suffered …
The total market value of cryptocurrencies has plummeted Read More »