Crypto
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Santa launches its rewarded browser this Christmas to bring in the next 200M users onto Web3.0
Road Town, BVI, 27th December, 2022, Chainwire Santa Browser has announced the Version 1 launch of its web3 browser today. Built for an emerging crypto world, the browser claims to bring in the next generation of web3 users by developing tools that allow anyone to leverage the power of blockchain technologies. Due to the extreme volatility of the market, Santa is dedicated to building a “Trustable Technology Stack” that users can firmly rely upon while browsing the web. With the Christmas release of Santa Browser, users can now earn crypto rewards simply by browsing. “We believe that browsers need to evolve a lot more to keep up with the pace at which the internet is evolving.” said Alekh B, CEO of Santa Browser. “Our approach to Santa Browser is deeply influenced by the principles of web3...
Community slams NYT for its latest ‘sympathy piece’ on FTX’s Bankman-Fried
The online community including some cryptocurrency figures has condemned the latest so-called “sympathy” article from The New York Times written about FTX founder Sam Bankman-Fried. In the Dec. 26 article published titled “In the Bahamas, a Lingering Sympathy for Sam Bankman-Fried,” New York Times journalist Rob Copeland quotes local Bahamians who appeared to have mostly positive things to say about the cryptocurrency exchange founder. One resident opined he had a “good heart,” with another local saying they “feel bad for him.” A resident interviewed for the article even said it “doesn’t make any sense” that Bankman-Fried’s alleged crimes landed him in prison. The article suggests that the glowing reviews of Bankman-Fried by locals stem from his millions of dollars i...
Bitcoin ASIC miner prices hovering at lows not seen in years
Bitcoin (BTC) ASIC miners — machines optimized for the sole purpose of mining Bitcoin — are currently selling at bottom-of-the-barrel prices not seen since 2020 and 2021, in what is being viewed as another sign of a deepened crypto bear market. According to the latest data from Hashrate Index, the most efficient ASIC miners, those generating at least one terahash per 38 joules of energy, have seen their prices fall 86.82% from May. 7, 2021 peak of $119.25 per terahash down to $15.71 as of Dec. 25. Miners in these category include Bitmain’s Antminer S19 and MicroBTC’s Whatsminer M30s. The same statement holds true for the mid-tier machines, with prices now averaging out at $10.23 after falling a massive 89.36% from its peak price of $96.24 on May. 7, 2021. However, the least efficient machi...
Here’s how Defrost Finance plans to refund users following $12M hack
After recovering the funds lost in a recent flash loan exploit, decentralized leverage-trading platform Defrost Finance is planning to return the funds to their rightful owners, according to a new announcement. In a Medium post, Defrost highlighted that it will soon be refunding the assets to their original holders and will be following a specific process. The process includes converting all Ether (ETH) into stablecoins, like Dai (DAI), at the on-chain market rate. Then, all stablecoins will be transferred from the Ethereum blockchain into Avalanche. Apart from these, the team will also be conducting a scan of on-chain data to find out “who owned what” before the attack. After completing the scan work, the Defrost team mentioned that they will be releasing the data to the public...
Top five crypto winners (and losers) of 2022
Cointelegraph looks back on the best and worst-performing cryptocurrencies of 2022 among the top 100 assets by market capitalization. We used the highest and the lowest year-to-date (YTD) returns through the close of Dec. 25, 2022. Overall, Cryptoindex.com 100 (CIX100), an index that tracks the 100 best-performing cryptocurrencies, fell nearly 68% YTD, suggesting most top coins underperformed in 2022. CIX100 weekly price chart. Source: TradingView Stablecoins are naturally omitted from the list below. Similarly, coins tracking the value of gold and similar mainstream assets have also been ignored. Instead, the coins mentioned below include decentralized currencies, smart contract tokens, exchange tokens and others. Top five crypto of 2022 1. GMX (GMX) YTD return: 111% Sector: Decentralized...
Krampus is coming to the crypto space this holiday season
’Twas the weeks before Christmas on a island far away, None could have foreseen crypto’s golden boy going astray. When politicians and firms took FTX‘s money with glee, Did they truly know the depth of one man’s duplicity? Imagine if you will, the exchange’s younger days, When business people showered the LoL player with praise. The markets were high, adoption was booming… How could we have seen the massive threat looming? “Come in and talk to us,” the SEC pled, As money flowed to agency and lawmaker instead. For many, there would be no Merry Christmas this year, Just a time for Krampusnacht to fill us with fear. “Assets are fine,” said the man whose hair was unruly, “Blame Binance — I was just doing my duty!” “I failed! I’m sorry! It wasn’t my fault!” “But seriously — what did you expect ...
BitKeep exploiter used phishing sites to lure in users: Report
The Bitkeep exploit that occurred on Dec. 26 used phishing sites to fool users into downloading fake wallets, according to a report by blockchain analytics provider OKLink. The report stated that the attacker set up several fake Bitkeep websites which contained an APK file that looked like version 7.2.9 of the Bitkeep wallet. When users “updated” their wallets by downloading the malicious file, their private keys or seed words were stolen and sent to the attacker. 【12-26 #BitKeep Hack Event Summary】1/n According to OKLink data, the bitkeep theft involved 4 chains BSC, ETH, TRX, Polygon, OKLink included 50 hacker addresses and total Txns volume reached $31M. — OKLink (@OKLink) December 26, 2022 The report did not say how the malicious file stole the users’ keys in an unencrypted form. Howev...
Near Project’s Octopus Network lays off 40% of its staff amid crypto winter
Octopus Network, a decentralized app chain network natively built on NEAR Protocol, has announced that it will be “refactoring” to adapt to current market conditions. As part of its refactoring process, Octopus network will let go of roughly 40% of its team, which accounts for 12 out of 30 members. The remaining staff will also be subjected to a 20% salary cut, while its team token incentive will be suspended indefinitely. According to Louis Liu, the founder of the Octopus Network, although he has lived through previous crypto winters, “this winter is very different from the others.” Liu said he anticipates that this current “crypto winter will last at least another year, perhaps much longer,” adding that “most Web3 startups will not survive.” To survive the crypto winter, the founde...
Robocallers have upped their scam game and they’re after your crypto
Professional scam organizations are targeting cryptocurrency users following the collapse of FTX, initiating millions of automated calls and text messages in an attempt to swindle information and funds. Clayton LiaBraaten, senior executive adviser at Truecaller — an app that helps identify scam callers and messages — spoke to Cointelegraph, scammers often closely follow crypto news to better prey on their victims: “Fraudsters love volatility and current events. Anytime they can try to surf the contours of something very disruptive in the marketplace they have a great deal of success.” LiaBraaten said that Truecaller also saw an increase in scam communications relating to Bitcoin (BTC) and other cryptocurrencies when the market started to become volatile earlier in 2022. He added “age...
Metacade (MCADE), Cardano (ADA) and Solana (SOL) Price Forecast for Q1 2023
The year 2023 is shaping up to be an exciting time for cryptocurrency investors, with several projects set to make significant moves in the market. This article will dive into the factors likely to influence the first-quarter prices of Metacade, Cardano, and Solana, offering price forecasts and an outlook for each. What is Metacade (MCADE)? Metacade is a new play-to-earn (P2E) community hub that aims to play a pivotal role in the future of gaming. It’s a place for anyone looking to connect with like-minded gamers, explore the fast-growing GameFi space, and discover how to earn more from P2E gaming. On the platform, you’ll find forums, reviews, leaderboards, alpha, and an entire virtual arcade designed specifically for Web3. One of the key aspects of Metacade is its communi...
Bitcoin accumulation addresses near record 800K despite whale selling
Bitcoin (BTC) accumulation is nearing a new milestone this Christmas as the redistribution of the BTC supply continues. Data from on-chain analytics firm Glassnode shows that the total BTC balance of so-called “accumulation addresses” is nearing all-time highs. “HODL-only’ BTC addresses climb closer to 1 million mark Behind the scenes in the 2022 Bitcoin bear market, certain entities are in no doubt about their BTC investment strategy. According to Glassnode, Bitcoin accumulation addresses are more numerous than ever before, while the BTC balance they contain is almost at a record high. “Accumulation addresses are defined as addresses that have at least 2 incoming non-dust transfers and have never spent funds,” the firm’s description explains. Glassnode adds that exchange wallets and those...
Bitcoin price volatility due within days, new take says as BTC flatlines at $16.8K
Bitcoin (BTC) hodlers are enjoying another day of zero volatility on Dec. 26 as hopeful forecasts se signs of a trend change. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Opinions diverge further over BTC price bottom Data from Cointelegraph Markets Pro and TradingView confirmed more sideways action near $16,800 for BTC/USD on Boxing Day. The pair took the holiday period in stride, with reduced volumes having no impact on an already deflated market experiencing its lowest volatility on record. With few trading opportunities in the last week of “Do Nothing December,” analysts attempted to ready the ship for potential headwinds to come. “If BTC fails to reclaims ~$17,150 as support before the end of the year… Then $BTC will establish the $13900-$17150 range as its new playgrou...
