Bybit Announces New Job Cut 5 Months after Workforce Trim

Dec 6, 2022

Bybit, a cryptocurrency exchange founded in 2018, has announced plans to carry out a new round of job cuts across its organization. ByBit's CEO and Co-Founder, Ben Zhou announced on Sunday on Twitter that the move is part of the company’s reorganization plan to “refocus our efforts for the deepening bear market.” 1) Difficult decision made today, but tough times demand tough decisions. I have just announced plans to reduce our workforce as part of an ongoing re-organisation of the bus ...read more

Quant Shows Potential For Surge Beyond $150 – Can QNT Hit Its Target?

Dec 6, 2022

Quant (QNT), a cryptocurrency with a total market cap of $1.88 billion, is outperforming some of the more popular altcoins out there, going up by 10% during the last seven days. According to latest tracking from Coingecko, at the time of this writing, the altcoin is changing hands at $129.88 and is in the midst of a 22.5% increase over the previous two weeks. At a glance: Quant has established important support zones of $111.5 and $100 QNT may soon test the $157 resistance territory The altcoin ...read more

This Week’s NFT Sales Slid 5% Lower Than Last Week, Ethereum NFT Sales Accounted for 76.8% of the Volume

Dec 6, 2022

On Monday, Dec. 5, 2022, market data shows that non-fungible token (NFT) sales dropped 5.23% lower than last week’s sales despite a 15.16% increase in NFT buyers. Out of the $112.70 million in NFT sales volume over the last week, Ethereum-based NFTs accounted for $86.59 million or 76.8% of the $112 million in sales volume. Seven-Day NFT Sales Dropped 5.23% Lower Than Last Week, Cryptopunk #4,181 Sells for $187K in This Week’s Top NFT Sale Roughly $112.70 million in NFT sales volume was ...read more

Bitcoin Price Lacking Momentum Above $17k, BTC Holders Are Safe: Here’s Why

Dec 6, 2022

Bitcoin price extended its increase and tested the $17,500 resistance. BTC corrected gains, but it remains well supported above the $16,800 support. Bitcoin extended its upward move above $17,100 and $17,300 resistance levels. The price is trading near $17,000 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $17,050 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair must stay above the $16,800 support to start ...read more

DFINITY brings new smart contract functionality to Bitcoin with Internet Computer integration

Dec 6, 2022

Internet Computer's (IC) Bitcoin integration combines the liquidity of bitcoin with the programming capabilities of the IC's smart contracts... Related News The DFINITY Foundation, the organization behind the Internet Computer general-purpose blockchain and web3 platform, today announced that a proposed upgrade to expand support for all canister smart contracts to be able to hold and... Read more The DFINITY Foundation, a not-for-profit organization c ...read more

North Korean Lazarus Group Linked to New Cryptocurrency Hacking Scheme

Dec 6, 2022

The Lazarus group, a North Korean hacking organization previously linked to criminal activity, has been connected to a new attack scheme to breach systems and steal cryptocurrency from third parties. The campaign, which uses a modified version of an already existing malware product called Applejeus, uses a crypto site and even documents to gain access to systems. Modified Lazarus Malware Used Crypto Site as Facade Volexity, a Washington D.C.-based cybersecurity firm, has linked Lazarus, a ...read more

Why Chiliz Is Losing Heat Despite World Cup Pomp; CHZ Down Over 30%

Dec 6, 2022

Since the beginning of the 2022 2FIFA World Cup, the value of Chiliz native token has plummeted. Due to the discovery of various issues, the sporting event has been met with some controversies. Not to mention that just a week before the World Cup’s start, the collapse of the infamous FTX exchange shook the crypto world. But then, this is not the main point here. Despite some promising advances off-chain, Chiliz continues to struggle. The token is down more than 30% in the last two weeks. There ...read more

For First Time Ever, Bitcoin Hash Ribbon Golden Cross Has Failed

Dec 6, 2022

On-chain data shows the Bitcoin Hash Ribbon golden cross has failed to provide an uplift to the price for the first time ever. Bitcoin Hash Ribbons Have Recently Formed A Death Cross As pointed out by an analyst in a CryptoQuant post, the BTC Hash Ribbon model has failed for the first time in the crypto’s history. The relevant indicator here is the “mining hashrate,” which measures the total amount of computing power connected to the Bitcoin network right now. When the value of ...read more

Standard Chartered Bank: Bitcoin Could Fall to $5,000 Next Year

Dec 6, 2022

Standard Chartered Bank says the price of bitcoin could drop to $5,000 next year. The bank’s analyst explained that cryptocurrencies could fall further and more crypto firms could “succumb to liquidity squeezes and investor withdrawals.” Standard Chartered Bank’s $5K Bitcoin Scenario Standard Chartered Bank published a note titled “The financial-market surprises of 2023” Sunday. The note outlines a number of possible scenarios that “we feel are under-priced by the markets,” ...read more

Swingby Partners With Chainlink To Secure Bitcoin Bridge

Dec 6, 2022

press release PRESS RELEASE. Swingby has recently announced a newly established partnership with Chainlink for Proof of Reserve. The recently publicized partnership is aimed to help secure the Swingby Skybridge which connects the Bitcoin blockchain, enabling the introduction of BTC into the Ethereum network. Swingby Develops A More Advanced And Secure BTC Bridge Swingby is a BTC bridge ecosystem with plans to expand into other blockchain ecosystems in addition to Bitcoin and Ethereum, w ...read more

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