Blockchain specialist Chainalysis reports that at least $US718 million has been stolen so far in October alone by hackers from cryptocurrencies. That takes the gross stolen in the year past $US3 billion and on course to be a record for the total value hacked. The targets are predominantly decentralized finance (DeFi) protocols deploying software-based algorithms for crypto investors to bypass a central intermediary. Unfortunately, the security for DeFi has not grown with the sophistication of hackers. What we have seen … Continue reading “Crypto Hackers in 2022 on Track for Record Stolen with Over $US3 Billion Already”
Crypto Wrap Up: Bitcoin & Ethereum Collapse, US CBDC and Russia Ban Crypto
This week’s Crypto Wrap KnovaWave & Meta Johnny discuss a big week for crypto, the collapse of Bitcoin and Ethereum and alt coins heads us off. They discuss the use Of Bitcoin in South America and The US Fed’s paper on CBDC. The story behind the banning of Crypto in Russia and China as geopolitical tension hits fever pitch. Ethereum Money and Payments: The U.S. Dollar in the Age of Digital TransformationJanuary 2022 Executive Summary For a nation’s economy to … Continue reading “Crypto Wrap Up: Bitcoin & Ethereum Collapse, US CBDC and Russia Ban Crypto”
HIVE Blockchain Technologies Increase Bitcoin Mining Capacity To $200 Million Annual Run Rate
HIVE Blockchain announced its global operations are producing a BTC equivalent operational hash rate of 1.675 EH/s from its Bitcoin and Ethereum operations, an annual run rate of $200 million. $HVBT was the first cryptocurrency mining company with a green energy and ESG strategy.
Long Island Iced Tea Rebrands as Long Blockchain Corp $LTEA Jumps 250%
Whats in a name? Beverage company Long Island Iced Tea $LTEA simply rebranded their name with Blockchain in the title to, Long Blockchain Corp.They have no actual blockchain deal just ‘ideas’ and the stock jumps 250% premarket. Market a little tipsy?
This Bitcoin Blockchain is causing a $RIOT Up 45% in A Day
Financial markets are a buzz with all things Blockchain and Bitcoin with speculation reaching feverpitch. Rebranded biotech stock Riot Blockchain $RIOT surged over 45% on Monday after it announced a merger of majority owned Tesspay with Cresval Capital.