“Bitcoin may continue to attract inflation hedges, but if pricing pressures trigger rapid rate-hiking action from the Fed, that could trigger a massive wave of risk aversion that would penalize cryptos,” wrote Edward Moya, senior markets analyst for the foreign-exchange broker Oanda. Source link … [Read more...] about Bitcoin Plummets, Dashing Hopes of a Quick Return to Its Record High
Plummets
Elon Musk’s reputation plummets following his Bitcoin energy attack
Earlier this year, Elon Musk was considered a crypto hero following Tesla’s $1.5 billion Bitcoin buy. But according to sentiment tracking firm Awario, public opinion has since swung the other way.This change of heart comes following Musk’s announcement that Tesla would no longer accept Bitcoin as payment for its vehicles. The now infamous tweet gave an environmental … [Read more...] about Elon Musk’s reputation plummets following his Bitcoin energy attack
Pancake Bunny token plummets by 90% after $40 million flash loan attack
The price of Pancake Bunny (BUNNY), the native token of the eponymous decentralized finance (DeFi) platform based on the Binance Smart Chain (BSC), plummeted by over 90% after it fell victim to a flash loan attack today.4⃣ The hacker then dumped all the bunny in the market, causing the bunny price to plummet5⃣The hacker paid back the bnb through … [Read more...] about Pancake Bunny token plummets by 90% after $40 million flash loan attack
Chinese mining pools’ hash power plummets amid regional blackouts
The hashing power of top Bitcoin mining pools located in Northwest China appears to have plummeted due to a regional blackout to enable safety inspections.The news was reported by Wu Blockchain, the author of Chinese crypto newsletter Wublock, who noted significant drops in the hash rate of several major pools — with Antpool crashing 24.5%, Binance Pool dipping 20%, BTC.com … [Read more...] about Chinese mining pools’ hash power plummets amid regional blackouts