CRYPTO NEWS: Latest BITCOIN News, TETHER News, NEXUS News, ETHEREUM NEWS
Bitcoin is growing ahead of the ECB meeting.
Bitcoin bounced back on Thursday as the dollar weakened.
Bitcoin The US dollar rose 1.89 percent, hitting an intraday high of $ 10,417.80. Earlier this week, the pair traded for just $ 9819.
Traders still avoid placing larger bets in any direction. This keeps bitcoin in a trading range of $ 300 to $ 400 until the ECB offers more forward-looking predictions about the health of the European economy.
Bitcoin ahead of the ECB meeting
Crypto Market Capitalization Rises $ 22 Billion As Bitcoin, Wall Street And Gold Bounced Sharply
Wall Street and gold both posted decent gains during yesterday’s trading session.
Bitcoin followed the rally on Wall Street on Wednesday and climbed to around $ 10,400. Most altcoins are also marked in green as their total market capitalization increased by $ 22 billion in the last day.
Bitcoin hashrate stays high during monsoons
The heavy rains did not negatively affect the mining industry in China.
According to a September 10 Stack Funds report, the hash rate of the Bitcoin network remains high and largely unaffected by the rainy season and power outages in China.
Swisscom Blockchain Receives Grant From Web3 To Help Proof-Of-Stake Network Tighten Polkadot
A grant was received to create a cloud-based protection layer for members of the Ethereum-based Polkadot network.
The grant, announced on Thursday, will help create the Kubernetes Operator for Polkadot from Swisscom Blockchain, a way to protect participants involved in the validation processes on Polkadot and the Kusama testnet from losing their stake tokens in the event of an attack or network breach.
Tether launches on Solana to take advantage of high speeds and low costs
Tether, the company behind the largest stablecoin in the crypto market, has announced its partnership with the Solana network.
Tether, the company behind the USDT stablecoin, announced that it has launched its coin on Solana, a blockchain platform that seeks to compete with Ethereum. In a press release issued by CryptoSlate, the company announced that Solana will allow users to exchange USDT at over 50,000 transactions per second for less than $ 0.00001.
Hackers Demand $ 7.7 Million In Bitcoin From Electricity Company
Pakistan’s electricity producer fell victim to hackers and has to pay millions in bitcoins.
K-Electric, Pakistan’s largest electricity producer and the only supplier in the city of Karachi, was hit by a ransomware attack this week when hackers demanded more than $ 7 million in Bitcoin to restore their services, according to cybersecurity website Bleeping Computer.
Hackers demand $ 7.7 million
Revolut enters Japan as the first non-English language market
Japan has two major crypto companies.
The London-based firm has launched its digital banking app in Japan, as reported by Revolut in a September 8 tweet.
Ethereum flips bitcoin for weekly average transfer cost
The recent surge in DeFi activity has given rise to Ethereum in terms of its economic value as a network.
A recent report from analyst firm CoinMetrics showed that Ethereum turned bitcoin upside down in terms of seven-day average weekly transfers, which have now reached $ 3.08 billion, compared to $ 3.01 for BTC.
Nexus Mutual Exceeds 1% of DeFi TVL’s Total Sales As Insurance Market Heating Up
Nexus Mutual has surpassed $ 74 million in active coverage.
Nexus Mutual, an insurance coverage provider for decentralized finance protocols, has exceeded $ 74 million in active coverage. It now covers 206,763 ETH, which is about 1% of the total DeFi market.
Structural Issues Could Cause Low Bitcoin Profitability On BitMEX
BitMEX offers the lowest return on bitcoin cash and carry trades.
Currently, the rate of return offered by BitMEX in Seychelles on a three-month basis is 2.71% year-on-year, which is half of what competing exchanges such as Binance, FTX and Deribit are offering, according to data source Skew.
$ 5.4 Million Eterbase Hacked Funds Sent to Binance and Huobi
The recently hacked European exchange Eterbase is tracking some of the funds on Binance, Huobi and HitBTC.
Days after the hack and seizure of $ 5.4 million worth of digital assets, European cryptocurrency exchange Eterbase said it had tracked some of the stolen funds on Binance, Huobi and HitBTC.
New Swiss laws create a solid foundation for blockchain and cryptography
Crypto and blockchain are gaining more legal clarity in the alpine country.
According to a Swiss Info report, the government has amended several laws, from company bankruptcies to securities trading.