Connect with us

Crypto

Crypto cracks – Bitcoin tumbles in line with traditional stocks

Published

on

bitcoin price rises

Bitcoin has taken a massive tumble, the most in over 2 Months

The most popular crypto currency dropped more than 7 per cent on Thursday.

The decline was knock off effect from the fall in the prices of stocks and bonds.

This comes just one day after crypto and traditional markets soared on Federal Reserve Chairman Jerome Powell’s comment that the US central bank wasn’t likely to raise interest rates by more than 50 basis points.

On the back of the news, bitcoin fell on Thursday to a 24-hour low of just over 36-thousand dollars according to data from TradingView.

That was the lowest price since the end of February and marked the biggest one-day decline since March 4.

Analysts say that with the Nasdaq down over 5 per cent, it shows bitcoin isn’t immune from macroeconomic changes hitting stocks too

Crypto

North Korea bears the brunt of the crypto market crash

Published

on

The crypto market crash is impacting North Korea’s weapons programme

The recent crypto market crash has made its way to North Korea, where hackers are bearing the brunt.

The isolated country relies on stolen crypto to fund part of their weapons program.

But as crypto holdings drop by millions of dollars, the nation is reportedly scrambling to find new ways to fund Pyongyang’s missile plans.

KCNA

North Korea has ramped up its stolen crypto assets in recent times leading to one of the largest cryptocurrency heists on record earlier this year.

Hackers allegedly stole $615 million worth of crypto prompting the U.S. tplace a warning about potential workers who are hiding their identities to find jobs abroad.

Meanwhile, crypto holdings have decreased in value with the market sliding below $1 trillion for the first time since January 2021.

Katerina Kostakos contributed to this report

Continue Reading

Crypto

Russian Police investigate a crypto mining facility

Published

on

Russian Police are investigating a crypto mining facility, which is suspected of defrauding clients

It’s understood the miners handed devices to those who were running a mining hotel.

They are also accused of stealing their expensive coin minting hardware, and stopping payments to their customers.

The scam allegedly took place from November to May, where the suspects worked with people who wanted to install their coin minting hardware in a mining hotel.

They were offered electricity prices that were below market value.

Electricity consumed by some of the world’s largest cryptocurrencies has dropped by nearly half.

Continue Reading

Crypto

Gucci goes big in metaverse with new Vault Art Space

Published

on

Forward thinkers who love fashion, this exhibit is for you

Luxury brand Gucci has opened a Vault Art Space as it continues to explore the art world and the metaverse

Gucci inaugurated the gallery in a partnership with NFT marketplace SuperRare

The debut exhibit is titled “The Next 100 Years of Gucci”

Spring Cry by Alanna Vanacore

Keep your eye out for a special selection of NFT artworks, each a collectible fragment of Gucci’s heritage.

The artworks are showcased and auctioned off directly on Vault’s website in three drops between now and the end of July.

All sales will be in Ethereum.

Continue Reading

Trending on Ticker

Copyright © 2022 The Ticker Company PTY LTD