Cryptocurrencies are getting rekt.Crypto blue-chips bitcoin (BTC) and ether (ETH) breached key $40,000 and $3,000 support levels late Thursday evening, sending the broader alternative coin (altcoin) market into free fall.According to data from CoinGecko, the total market cap of the cryptocurrency industry fell 11% to $1.9 trillion as of Friday afternoon during U.S. trading … [Read more...] about Crypto Market Cap Falls Below $2T Amid Sell-Off
Falls
'Blockchain City' CityDAO Falls Victim to $95K Hack via Discord
CityDAO, the experiment into decentralized land ownership, has fallen victim to a $95,000 hack by fraudsters on gaming instant messaging site Discord.An attacker hacked one of the project's admin accounts on Discord, according to the group's Twitter account."EMERGENCY NOTICE. A CityDAO Discord admin account has been hacked. THERE IS NO LAND DROP. DO NOT CONNECT YOUR WALLET," … [Read more...] about 'Blockchain City' CityDAO Falls Victim to $95K Hack via Discord
Crypto Miner Digihost’s December Bitcoin Production Falls 11%
The miner has also received "all planning board permits and compliance approvals" to ramp up the development of a 60MW power plant in New York, which it expects to be completed by mid-February. However, it is still waiting for the final approval from utilities regulator, Public Service Commission, for the acquisition of the building. Source link … [Read more...] about Crypto Miner Digihost’s December Bitcoin Production Falls 11%
Iris Energy’s December Hashrate Rises 14% as Revenue Falls Again
Two new sites in British Columbia will bring in a combined 3.9 exahash/s (EH/s) when operational, Iris Energy said. One site in Mackenzie will deliver 1.5 EH/s in 2022, with the first 0.3 EH/s expected Q2 2022, and another in Prince George will deliver 1.4 EH/s in Q3 2022, expanding to 2.4 EH/s sometime in 2023, according to the statement. Source link … [Read more...] about Iris Energy’s December Hashrate Rises 14% as Revenue Falls Again
Bitcoin Falls Toward $40K, Racks Up Longest Losing Streak Since 2018
Cryptocurrency analysts had warned of the possibility of a steeper sell-off, and now traders are wondering when and where the market shakeout might end. Jan 8, 2022 at 9:45 p.m. UTCUpdated Jan 8, 2022 at 9:45 p.m. UTCBitcoin's daily price chart shows the decline toward $40,000 after a seven-day losing streak. (TradingView/CoinDesk) Source link … [Read more...] about Bitcoin Falls Toward $40K, Racks Up Longest Losing Streak Since 2018