Author: cryptotechbro
Follow Frank on X. Two days ago, the atebites X account pointed out that THORChain’s lending service currently has nowhere near enough bitcoin to repay its creditors.As of the time of the post, the total amount of bitcoin to be repaid to depositors was 1,604, while the lending pool only had 592 bitcoin in it.We need to be raising awareness on just how bad of a shape Thorchain lending is right now, posing a potential risk to the protocol itself.As it stands, at current mark to market rates for RUNE, complete loan closure will mint 24 million RUNE.1,604 in BTC…
Volatility continues to reign over the general crypto market, causing major digital assets like Ethereum to retest key support levels that previously prompted an upward move. With ETH experiencing notable bearish pressure, its price performance shows that the altcoin is on the verge of entering a crucial zone. A Potential Accumulation Zone Ahead For Ethereum Recent price movements show that Ethereum, the second-largest digital asset, is at a key moment that could determine its next direction. Technical analysis platform Rose Premium Signals delving into ETH’s price action highlights that the altcoin might be gearing up for an accumulation zone. The…
Negli ultimi tre giorni Solana ($SOL) ha subito un brusco crollo, insieme al resto del mercato. L’altcoin ha accumulato una perdita del 12% nel grafico settimanale. Il calo è stato alimentato da una serie di dati economici positivi provenienti dagli Stati Uniti, che hanno sollevato preoccupazioni riguardo a un possibile rimbalzo dell’inflazione. Tale scenario potrebbe ritardare i piani della Federal Reserve di alleggerire la politica monetaria. Il Dipartimento del Lavoro ha infatti riportato un inaspettato incremento dei posti di lavoro disponibili a novembre, mentre un ulteriore rapporto ha mostrato una crescita nell’attività del settore dei servizi a dicembre. I dati…
XRP could crash 40% by February from bearish technical conditions and signs of growing distribution by whales.
Follow Frank on X. Perhaps the best way to decentralize the Bitcoin network is through home mining, and things are trending in the right direction.Yesterday, Solo Satoshi announced the Bitaxe Touch, the latest device in the world of home bitcoin mining.This new device will utilize the BM1370 ASIC chip from the Bitmain S21 Pro and will be able to reach a hashrate of up to 1.6 TH/s.It will also feature a touch screen that displays Bitcoin network stats including the total network hashrate, overall network difficulty and the block height.Say hello to the future of Bitcoin home mining.The world’s first…
In a newly released video titled “The next steps for Hydra,” Cardano founder Charles Hoskinson outlined the trajectory of the Hydra scaling solution and provided insights into how independent companies will soon spearhead fresh developments in the ecosystem. The announcement comes shortly before the Hydra Doom initiative’s official conclusion, which will be marked by a tournament in Las Vegas on January 20. Next Steps For Cardano’s Hydra According to Hoskinson, Hydra Doom began last year to demonstrate Hydra’s capabilities under extreme conditions. He explained the rationale for using a classic video game as the testing ground: “We chose a video…
Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful…
According to cybersecurity firm CertiK, the number of crypto hacks and exploits rose to 303 incidents in 2024, up from 282 in 2023.
Company Name: LednFounders: Mauricio Di Bartolomeo and Adam ReedsDate Founded: September 2018Location of Headquarters: N/A (Fully remote)Number of Employees: 51Website: https://ledn.io/Public or Private? Private“Lending is the type of relationship where you value the return of your assets more than the return on your assets.”This was Di Bartolomeo’s answer when I asked him what has set Ledn, a bitcoin and crypto borrowing and lending platform, apart from its competitors, including now defunct companies that offered similar services like BlockFi, Celsius and Voyager.“There’s no company in this space that has a better track record of returning your assets than Ledn,” Di Bartolomeo…
In a potentially major turn for crypto regulation in the US, Rostin Behnam, the Chairman of the US Commodity Futures Trading Commission (CFTC), has revealed his resignation, effective January 20, with his exit from the commission scheduled for February 7. Behnam Resigns, Leaves Key Regulatory Challenges In Crypto In a statement released Tuesday morning, Behnam reflected on his tenure at the regulatory agency, stating: Over the past several years, a multitude of domestic and global events tested the resilience of all financial markets. I am proud that the commission consistently made deliberate and intentional decisions to ensure continued strength. Throughout…