Cross-chain protocol Multichain bug gets exploited for $1.34 million

Cross-chain protocol Multichain has been exploited for $1.34 million through a bug that the platform recently dislosed.The post Cross-chain protocol Multichain bug gets exploited for $1.34 million appeared first on The Block. read more

Kevin O’Leary Is Still Bullish on Bitcoin Despite Massive Correction

Canadian investor Kevin O’Leary remains a Bitcoin bull despite the correction read more

Altcoin prices briefly rebounded, but derivatives metrics predict worsening conditions

Declining demand for Tether and negative futures premiums for altcoins reflect a growing disinterest from crypto investors. read more

Bitcoin NUPL Touches Lows Not Seen Since COVID Crash, Rebound Soon?

On-chain data shows the Bitcoin NUPL metric has now declined to lows not seen since the COVID-19 crash back in 2020. Bitcoin Net Unrealized Profit And Loss Plunged Down Recently As explained by an analyst in a CryptoQuant post, the NUPL past trend may suggest that current values could be favorable for a rebound in the crypto’s price. The “net unrealized profit and loss,” or NUPL in brief, is an indicator that’s defined as the difference between the current Bitcoin market cap and its realized cap, divided by the market cap. The “realized cap” checks what price each coin on the chain was last moved at, and using these prices it calculates the crypto’s capitalization (while the normal market cap takes the sum of all coins’ value at the current price). What this metric tells us is whether the BTC market participants as a whole are holding a profit or a loss at the moment. When the value of the ratio is above zero, it means the overall market is in profit currently. On the other hand, values less than zero imply holders are carrying a loss right now. Related Reading | Bitcoin Selling Pressure Continues As Long-Term Holder SOPR Spikes Up Naturally, the metric being exactly equal to zero suggests the investors as a whole are just breaking even currently. Now, here is a chart that shows the trend in the Bitcoin NUPL metric over the last few years: It seems like the value of the metr... read more

Brian Armstrong: Crypto Will Be Huge in 10 Years

Bitcoin, Ethereum, and many other assets are down for the count at the time of writing. BTC for example, is priced at around $30K less than its recent all-time high last November (the currency exceeded $60,000 back then), but this isn’t causing Brian Armstrong of Coinbase to have any less confidence in the asset or...The post Brian Armstrong: Crypto Will Be Huge in 10 Years appeared first on Live Bitcoin News. read more

Cardano (ADA) Adds 2,340 Average New Wallets per Day in Last 30 Days

Cardano whale transactions surged to a four-month high. Cardano introduced approximately 70 smart contracts every week. Over the previous 30 read more

Crypto’s Future is Self-Custody, Dealing Blow to Exchanges, Coinbase CEO Says

Self-custody is a natural progression of the industry and inherently unique to crypto’s founding principles, according to Ledger executive Charles HamelThe post Crypto’s Future is Self-Custody, Dealing Blow to Exchanges, Coinbase CEO Says appeared first on Blockworks. read more

After TerraUSD (UST) De-Pegging Scare, Tether (USDT) Releases Report Claiming It Has Fully Backed Reserves

As the most recent crypto market crash is putting the spotlight on stablecoins, one of the leading dollar-pegged tokens says its valuation remains secure. In a new post, Tether Holdings Limited announced that not only is its signature product Tether (USDT) backed by more assets than liabilities, the company is reducing its commercial investments in The post After TerraUSD (UST) De-Pegging Scare, Tether (USDT) Releases Report Claiming It Has Fully Backed Reserves appeared first on The Daily Hodl. read more

Terra (LUNA) Founder Do Kwon Facing South Korea Investigation Over Claims of Ponzi Fraud: Report

The CEO of Terraform Labs is facing possible criminal charges in the wake of two leading cryptos collapsing earlier this month. In a new report, Yonhap News says that South Korean authorities are considering bringing Ponzi scheme charges against Do Kwon, the founder of Terra (LUNA) and algorithmic stable coin TerraUSD (UST), both of which The post Terra (LUNA) Founder Do Kwon Facing South Korea Investigation Over Claims of Ponzi Fraud: Report appeared first on The Daily Hodl. read more

Bank of America Analysts: No Reason to Worry About ‘Crypto Winter’ or Contagion Risk Due to Terra’s Collapse

Analysts at Bank of America, the second-largest U.S. bank, have argued that concerns surrounding a so-called crypto winder or contagion risk associated with the collapse of the Terra ecosystem are unfounded. In a note shared with clients, first reported on by CoinDesk, analysts led by Alkesh Shah noted that investors should take into account that […] read more

Another Heart Changed? Former Crypto Skeptic Jim Rogers Wishes He Bought Bitcoin at $1

Jim Rogers, who once viewed bitcoin as a "clear bubble," now regrets not being among the early crypto investors. read more