Crypto Daily - Daily Crypto And Financial News 04/08/2022, Nomad Gets Hacked For $190M

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Crypto Daily™
16w ago2022-08-04

In Todays Headline TV CryptoDaily News:

Riot Blockchain's Bitcoin mining productivity dropped 28%.

Crypto mining firm Riot Blockchain reported it produced fewer Bitcoin in July 2022 than that in July 2021 after scaling down operations at its Texas facility. Riot said its miners had produced 318 Bitcoin in July, compared to 443 BTC the firm reported generating in July 2021.

Ethereum Classic is not Ethereum so a Merge-fueled rally won't last.

Crypto miners have been showing increasing interest in Ethereum Classic because the Ethereum blockchain is in the process of moving from an energy-intensive proof-of-work system to proof-of-stake, which removes miner incentives.

Another crypto bridge attack: Nomad loses $190 million in 'chaotic' hack.

Heists continue to plague the crypto world, with news of large sums stolen from digital currency firms seemingly every month. But while crypto exchanges were once the main point of attack, hackers now appear to have a new target: blockchain bridges.

BTC/USD exploded 1.8% in the last session.

The Bitcoin-Dollar pair skyrocketed 1.8% in the last session. The Stochastic indicator is giving a positive signal. Support is at 22270.0807 and resistance at 23795.8387.

The Stochastic indicator is currently in the positive zone.

ETH/USD skyrocketed 1.8% in the last session.

The Ethereum-Dollar pair gained 1.8% in the last session after rising as much as 3.1% during the session. The Stochastic-RSI is giving a negative signal. Support is at 1506.2067 and resistance at 1738.1067.

The Stochastic-RSI is currently in negative territory.

XRP/USD rose 0.8% in the last session.

The Ripple-Dollar pair rose 0.8% in the last session after gaining as much as 1.2% during the session. The CCI is giving a negative signal. Support is at 0.3501 and resistance at 0.4048.

The CCI is giving a negative signal.

LTC/USD exploded 2.8% in the last session.

The Litecoin-Dollar pair skyrocketed 2.8% in the last session. The Stochastic indicator is giving a positive signal. Support is at 55.0333 and resistance at 61.3333.

The Stochastic indicator is currently in the positive zone.

Daily Economic Calendar:

JP Overall Household Spending

The Overall Household Spending is an indicator that measures the total expenditures of households. The level of spending can be used as an indicator of consumer optimism. Japan's Overall Household Spending will be released at 23:30 GMT, Australia's Trade Balance at 01:30 GMT, Germany's Factory Orders at 06:00 GMT.

AU Trade Balance

The Trade Balance is the total difference between exports and imports of goods and services. A positive value shows a trade surplus, while a negative value represents a trade deficit.

DE Factory Orders

The Factory Orders measure the total orders of durable and nondurable goods, which can offer insight into inflation and growth in the manufacturing sector.

UK Monetary Policy Summary

The Monetary Policy Summary contains the outcome of the vote on interest rates and other policy measures, along with commentary about the economic conditions that influenced the vote. The UK's Monetary Policy Summary will be released at 11:00 GMT, the Dutch Consumer Price Index at 04:30 GMT, the US Continuing Jobless Claims at 12:30 GMT.

NL Consumer Price Index

The Consumer Price Index measures price movements by comparing the retail prices of a representative shopping basket of goods and services.

US Continuing Jobless Claims

The Counting Jobless Claims measures the number of unemployed individuals who are currently receiving unemployment benefits.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.