Federal Reserve Chair Jerome Powell has run the U.S. central bank for the last four years, but his most significant work may have come in the past two years during the COVID-19 pandemic. President Joe Biden recently nominated Powell to a second term helming the Fed. The Senate Banking Committee will question the bank regulator on Tuesday. They will likely focus on current … [Read more...] about Fed Chair Jerome Powell Appears Before the Senate Banking Committee
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Bitcoin Crowd Appears High on ‘Hopium’ as ‘Buy The Dip’ Trends
It may be a sign that bitcoin is yet to find a bottom. “Just look at the previous spikes in the buy the dip calls and you’ll notice that they’ve often come early (like back in April and May, respectively) and tend to be accompanied by another leg down before the crowd is finally proven right,” Santiment said in its market update on Wednesday. Source link … [Read more...] about Bitcoin Crowd Appears High on ‘Hopium’ as ‘Buy The Dip’ Trends
Cream Finance appears to have suffered major loss in flash loan hack
Decentralized lending platform Cream Finance appears to have suffered a severe exploit on Wednesday, with an attacker stealing over $100 million worth of funds through a large flash loan attack. Blockchain data analytics company PeckShield first identified the flash loan on Wednesday. The compromised funds were mainly Cream liquidity provider tokens, as well as other … [Read more...] about Cream Finance appears to have suffered major loss in flash loan hack
Ethereum fractal from 2017 that resulted in 7,000% gains for ETH appears again in 2021
Bids for Ethereum's native token Ether (ETH) could rise to $13,000 in the next two months if history repeats.So shows a fractal indicator from 2017, consisting of at least four technical patterns that were instrumental in pushing the ETH price up by over 7,000%. The same set of bullish indicators have flashed once again in 2021 as Ether trades above $3,350 after rallying over … [Read more...] about Ethereum fractal from 2017 that resulted in 7,000% gains for ETH appears again in 2021
Mining software appears to have cracked Nvidia’s Lite Hash Rate algorithm
The team behind mining software NBMiner claim to have partially cracked Nvidia’s anti-mining limitations.Back in June Nvidia implemented an algorithm called Lite Hash Rate, or LHR, on all graphics cards from its RTX 30 series in an attempt to curb crypto mining. The limiter works on both the BIOS and driver level detecting mining algorithms and drastically reducing its mining … [Read more...] about Mining software appears to have cracked Nvidia’s Lite Hash Rate algorithm