Tag: worth

Crypto.com breach may be worth up to $33M, suggests onchain analyst

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[ad_1] Onchain analyst claims that Crypto.com’s loss in the latest security breach might have been worth more than the reported $15 million. Pseudonymous ErgoBTC, an on-chain analyst at Bitcoin (BTC) research firm OXT Research, claims that the Crypto.com security breach that was said to have resulted in the loss of 4.6K ETH ($15 million), may be worth up to $33 million. Adding another 444 BTC to the previously reported 4.6k ETH from yesterday’s @cryptocom hack. Still no acknowledgement of loss, despite large outflows from the custodial wallet into ETH’s Tornado…

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Binance CEO’s net worth hits $96B, Jack Dorsey launches BTC defense fund, Bill Miller apes into Bitcoin: Hodler’s Digest, Jan 9-15

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[ad_1] Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Binance CEO CZ is the richest crypto billionaire at $96B: Bloomberg Bloomberg has estimated Binance CEO Changpeng Zhao — also known as “CZ”— to be the 11th-richest person in the world at a net worth of around $96 billion, making him the wealthiest billionaire…

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Even after the pullback, this crypto trading algo’s $100 bag is now worth $20,673

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[ad_1] Exactly one year ago, on Jan. 9, 2021, Cointelegraph launched its subscription-based data intelligence service, Markets Pro. On that day, Bitcoin (BTC) was trading at around $40,200, and today’s price of $41,800 marks a year-to-year increase of 4%. An automated testing strategy based on Markets Pro’s key indicator, the VORTECS™ Score, yielded a 20,573% return on investment over the same period. Here is what it means for retail traders like you and me. How can I get my 20,000% a year? The short answer is – you can’t. Nor…

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$33.5 billion worth of ETH ‘trapped’ in largest Ethereum contract

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[ad_1] The single largest Ethereum contract containing 8,641,954 Ether (ETH) worth $33.5 billion is sitting idle because it cannot be spent or sent. A Twitter user highlighted the Beacon chain contract, claiming it to be the largest Ethereum contract with billions of dollars worth of ETH “trapped” inside it.  BREAKING: 8,641,954 ETH ($32 billion) trapped in single largest Ethereum contract and unable to be sent or spent. Will require hard fork that hasn’t been written or specified yet. Timing and terms of hard fork still unknown.https://t.co/xcXPwbS93v — Tomer Strolight |…

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One million ETH worth have been burned since the implementation of EIP-1559 in August

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[ad_1] In a Twitter post published Wednesday, blockchain research firm CryptoRank revealed that over 1 million Ether (ETH) worth $4.24 billion had been burned since the introduction of the EIP-1559 protocol in August as part of the London hard fork. The EIP-1559 protocol reformed the Ethereum fee market, modifying the limit for gas fees and introducing a burn feature that takes a portion of transaction fees on the blockchain out of circulation, to be canceled permanently. Notable decentralized applications responsible for token burn contributions include popular nonfungible tokens, or NFTs,…

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‘Bitcoin Is Worth Zero’ — Kenyan Communication Strategist Warns African Investors to Be Wary – Featured Bitcoin News

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[ad_1] A Kenyan communications strategist, Mwotia Ciugu, has told African investors to be wary of investing in bitcoin which he claims is worth zero. Bitcoin Structurally Incapable of Delivering on Its Promise In an op-ed published by The Elephant, Ciugu insists bitcoin (BTC) is structurally incapable of delivering on its promise of becoming an alternative store of value or a hedge against inflation. In addition, the strategist also claims bitcoin fails both as a currency and an investment. Although he concedes that Africa has one of the highest cryptocurrency adoption…

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Network Participants Burn Over 300,000 Ether Worth More Than $1 Billion – Technology Bitcoin News

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[ad_1] On August 5, 2021, the Ethereum network and its participants successfully completed the highly anticipated London upgrade, which saw the implementation of the Ethereum Improvement Proposal (EIP)-1559. Since then, 303,681 ether worth more than a billion U.S. dollars have been burned. More Than 300K Ether Burned Following EIP-1559 More than a billion dollars worth of ethereum (ETH) has been burned to date, after the London upgrade was implemented 42 days ago. The biggest changes added to the Ethereum blockchain included EIP-1559 and EIP-3554. While EIP-3554 changed the difficulty bomb,…

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dYdX exchange releases governance token, making its airdrop worth up to $100K

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[ad_1] Airdrops have been a fan-favorite in the cryptocurrency ecosystem for years because they offer projects a way to reward early adopters and increase token distribution. The latest project to surprise its community of supporters with retroactive rewards for its newly minted token is dYdX, a non-custodial decentralized derivatives exchange that operates on a layer-2 version of the Ethereum (ETH) network. Data from CoinGecko shows that on its first day of trading live in the markets, DYDX is trading at a price of $10.28 at the time of writing after…

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Vitalik Buterin Donates $1B Worth of Shiba Inu Tokens to India’s Crypto Covid Relief Fund – Bitcoin News

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[ad_1] On Wednesday, Ethereum’s Vitalik Buterin took control of his stack of Shiba Inu, a dogecoin ERC20 token, and donated more than 1 billion dollars worth of the currency to India’s Crypto Covid Relief Fund. The fund is an initiative that seeks to help people suffering from the covid-19 outbreak that India is experiencing right now. Buterin also sold Akita and Dogelon, other similar currencies, causing a slide in market prices. Vitalik Buterin Donates $1 Billion Worth of Shiba Inu Tokens to India’s Crypto Covid Relief Fund Vitalik…

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Garry Tan’s 2013 investment of $300K in Coinbase is now worth $2.4B

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[ad_1] Garry Tan, a prominent angel investor and the founder of Initialized Capital, was one of the first investors to provide seed funding to Coinbase eight years ago.  Less than a decade later, and after today’s highly anticipated Nasdaq listing for Coinbase’s COIN stock, Tan’s 2013 investment of $300,000 into Coinbase is now worth $2.4 billion. Coinbase debuted on the Nasdaq on April 14 at $381 per share, making it one of the most hyped listings in the U.S. stock market of the year. How did $300,000 become $2.4 billion?…

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