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Helium insiders owned majority of crypto tokens, Forbes reveals

Helium insiders owned majority of crypto tokens, Forbes reveals

Internet-of-things darling Helium has come under fire for failing to disclose its centralized distribution of crypto tokens, revealed by a Forbes investigation. Insiders reportedly owned the majority of tokens after its launch and took advantage of its system to earn even more rewards. Helium launched in 2019, promising to provide global internet connection for all kinds of smart objects, …

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Grayscale Bitcoin Trust discount hits all-time low amid crypto market downturn

Grayscale Bitcoin Trust discount hits all-time low amid crypto market downturn

QUICK TAKE GBTC is trading at a discount of -35.26% as of Friday. The latest low comes four months after its previous all-time low of 34%. Grayscale is in the process of suing the SEC after its application to convert to a spot bitcoin ETF was rejected in June. The Grayscale Bitcoin Trust (GBTC), which …

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What Cardano’s Vasil hard fork means for the blockchain

Cardano’s Vasil hard fork seeks to enhance the platform’s transaction throughput speeds, DApp development capacity, security and general usability. ANALYSIS   After several delays and some setbacks, Cardano’s long-awaited Vasil upgrade finally went live on Sept. 22. From the outside looking in, the hard fork is designed to help improve the ecosystem’s scalability and general transaction throughput …

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Ethereum’s transaction fee sets a new record, the L2s can’t keep calm

Ethereum’s transaction fee sets a new record, the L2s can’t keep calm

Ethereum, the largest altcoin underwent the much-anticipated Merge that saw it transition into a Proof-of-Stake (PoS) consensus. Well, the mechanism has changed, but ETH continues to give mixed signals to traders. Two sides of the same coin Despite being one of the most prominent blockchains, Ethereum’s biggest drawback was its extraordinarily high transaction costs. Consider …

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Cardano bulls run out of steam after Vasil hard fork — 40% ADA price crash in play

Most Cardano hard forks have preceded ADA price crashes, and Vasil looks no different. ALTCOIN WATCH   Cardano’s (ADA) long-awaited Vasil update went live on Sept. 22, which promises to make its blockchain more scalable and cheaper than before. However, this has failed to bring bullish momentum to the ADA market. Sell-the-news hampers Cardano ADA’s price has …

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Bitcoin’s Anemic Performance Is Good Thing, Analyst Claims

Bitcoin’s Anemic Performance Is Good Thing, Analyst Claims

Edward Moya, market analyst at broker Oanda, recently told Barron’s that Bitcoin’s anemic performance suggests that the cryptocurrency’s long-term holders remain unfazed by the ongoing market turbulence. Oanda argues that the crypto king, which is known for its high volatility, is supposed to significantly underperform the equities market. For instance, when the stock market is …

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Why Going Long on the Bitcoin Price is a Better Bet Than Holding the British Pound Right now

Why Going Long on the Bitcoin Price is a Better Bet Than Holding the British Pound Right now

Being long on the bitcoin price is a sounder strategy today than being long on the British Pound as the currency touches historic lows against the US dollar. Unfortunately for Brits, this is not a trading decision because if you get paid in GBP you are long sterling. Should Brits get paid in BTC? Bitcoin price outlook …

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Bitcoin mining hash rate reaches a record as shift to renewables accelerates

Bitcoin mining hash rate reaches a record as shift to renewables accelerates

With Bitcoin’s (BTC) price struggling below $20,000, the asset’s mining activity appears to be thriving, with competition among miners continuing to grow. Consequently, this scenario has resulted in the Bitcoin mining hash rate hitting a new record high. Indeed, as of September 25, Bitcoin’s mining hash rate spiked to a new all-time of 226.633 EH/s …

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Telecoms Data Breach Prompts Privacy Overhaul in Australia

Telecoms Data Breach Prompts Privacy Overhaul in Australia

Australia has announced its intentions to bolster privacy regulation following a data breach at the country’s second-largest telecoms firm. The personal data of up to 10 million customers, some 40% of the population, has been compromised by hackers, reported Optus, which is owned by Singapore Telecoms Ltd. While Optus stressed that payment details and account …

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What is scalping in crypto, and how does scalp trading work?

Scalping focuses on making money off of slight price swings. Crypto scalpers use this method to reap quick gains from reselling assets. HOW TO CRYPTO   Although cryptocurrencies are known for their volatility, they give traders various opportunities to pocket and reinvest the gains. Scalp trading is a crypto strategy that helps scalpers to take risks …

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