May 23, 6:09 pm
|Bitcoin Investors Gripped By Fear, Any Sign Of Hope Remain?|
Bitcoin is moving sideways after a major bear assault took it below its 2021 low. Source: BTCUSD Tradingview
The crash in the price of Bitcoin was triggered by a shift in the U.S. Federal Reserve (FED) policy. The financial institution has begun tightening its monetary policies after years of low-interest rates and high liquidity across the markets.
According to a recent report from on-chain research firm Glassnode, Bitcoin entered bear market territory in 2021. At that time, expectations of higher interest rates from the FED saw an uptick.
The firm believes that May and July 2021 selloff was the “genesis” of the current bear market. This coincides with a dropped in the Compound Annual Growth Rate (CAGR) for Bitcoin and Ethereum.
This metric is used to measure returns and has been on a decline every year since BTC became a tradable asset. The recent dropped in BTC’s returns, the research firm said, is worse than when the cryptocurrency crashed from the mid-area around $50,000 to $42,000.
As seen below, Glassnode claims this dropped in CAGR or returns coincides with the starts and ends of BTC bear markets. In terms of returns, May-July 2021 behaved similarly and ev...
May 20, 1:59 am
|Crypto transaction monitoring platform Merkle Science adds support for 1...|
Merkle Science, a predictive crypto risk and intelligence platform, announced it has now extended support to over 1,2000 ERC-20 tokens. This additional coverage allows users to have better visibility over a substantial portion of the DeFi space, allowing them to monitor flows of funds across some of the most popular DeFi tokens and stablecoins.
March 16, 11:06 am
|DeFi Protocols Agave, Hundred Finance Hacked: Attacker Steals $11M Worth...|
Not one, but two decentralized finance (DeFi) protocols - Agave and Hundred Finance - were exploited in a fresh case of a 're-entrancy' attack.
The hacker reportedly managed to siphon funds worth $11 million in Wrapped ETH, Wrapped BTC, Chainlink, USDC, Gnosis, and Wrapped XDAI on both DeFi protocols on the Gnosis chain using a flash loan exploit.
March 15, 1:30 am
|Elon Musk Says Tesla and Spacex See Significant Inflation Pressure &mdas...|
Tesla and Spacex CEO Elon Musk has revealed that his two companies are seeing significant inflation pressure in raw materials and logistics. He advised people to own physical things when inflation is high but stressed he will not sell his cryptocurrencies: bitcoin, ether, and dogecoin.Elon Musk Discusses High Inflation
The CEO of Tesla and Spacex, ...