If you Google “NFT scams,” the results will likely lead you down a rabbit hole filled with, in some cases, actual cartoon rabbits.Non-fungible tokens (NFTs) have exploded into a multibillion-dollar sector of the crypto industry in the last 12 months alone. Top collector’s items, such as rare pieces from the Cool Cats and Bored Ape Yacht Club collections, trade for upwards of … [Read more...] about NFT Scams: How to Avoid Falling Victim
Falling
Ether Sees Higher Liquidations Than Bitcoin After Falling Under $3.2K
Ether lost the $3,300 support level in early Asian hours on Friday, plunging to as low as $3,113 before briefly gaining over $90 at the time of writing. Friday’s drop was a continuation of a market-wide decline that started on Wednesday. The U.S. Federal Reserve released the minutes of its December meeting that signaled tightening of financial policies and caused a sell-off in … [Read more...] about Ether Sees Higher Liquidations Than Bitcoin After Falling Under $3.2K
Bitcoin Mining Profitability Starts Falling After Stellar Year: Research
But between Nov. 9 and Dec. 22, cash flows from bitcoin mining using Bitmain’s Antminer S19 have decreased by 36%, Jaran Mellerud, a researcher at Norway-based Arcane, told CoinDesk. For the S9 they’ve dropped 50%, he said. Mellerud attributed the slide to “a 28% drop in the bitcoin price over the same period, coupled with a 12% increase in [mining] difficulty.” Source link … [Read more...] about Bitcoin Mining Profitability Starts Falling After Stellar Year: Research
Bitcoin Rises on Encouraging Omicron News Before Falling Back; Ether Drops Slightly
Bitcoin (BTC) is attempting to reverse its weekend sell-off, although the cryptocurrency’s price could face short-term resistance around $53,000-$55,000. BTC was trading around $50,000 at the time of publication and is up about 3% over the past 24 hours. Source link … [Read more...] about Bitcoin Rises on Encouraging Omicron News Before Falling Back; Ether Drops Slightly
Bitcoin sheds 6% in battle for all-time high support amid falling funding rates
Bitcoin (BTC) briefly dipped below $63,000 on Oct. 21 as a standard correction cooled the market.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin battles for new support at old peakData from Cointelegraph Markets Pro and TradingView followed BTC/USD as it came off all-time highs above $67,000 to hit lows of $62,860 on Bitstamp.The roughly 6% drop from its peak … [Read more...] about Bitcoin sheds 6% in battle for all-time high support amid falling funding rates