Category: News
News
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Bitcoin Miners Feel the Pinch as Halving Effects Kick In
Analysts report the establishment of a new norm in cryptocurrency mining profitability following the fourth Bitcoin halving. Bitcoin miners are beginning to feel the impact of the halving, as their earnings have dropped to a new low. Post-April 20th, their primary income source was halved,…
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Catastrophic $68 Million Loss in Cryptocurrency Due to Spam Attack
In a recent incident, an unknown cryptocurrency owner lost $68 million due to a sophisticated spam attack. The victim mistakenly sent 1155 Wrapped Bitcoins (WBTC), a version of Bitcoin compatible with the Ethereum blockchain, to fraudsters. This scam was facilitated by a “dust attack,” where…
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Bitcoin Falls Below $63,000 as Market Volatility Eases Post-Halving
Bitcoin’s value dropped below $63,000 amid reduced cryptocurrency volatility following a decrease in overall uncertainty around the Bitcoin halving event. At 10:15 AM Moscow time, Bitcoin was trading against the Tether stablecoin (USDT) on the Binance cryptocurrency exchange at a price of $62,611, with a…