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‘Nvidia of crypto’ token is down over 30% in a month

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Although its current price is 75% higher than at the start of the year, Render (RNDR), often dubbed the ‘Nvidia (NASDAQ: NVDA) of crypto,’ has declined by over 30% in the last month, and continues to record losses even as the rest of the assets in the crypto market are recovering. As it happens, the native crypto currency of the Render Network, the leading provider of decentralized GPU-based rendering and artificial intelligence (AI) digital rights management solutions made a massive decline from $12.35 on March 18 to the current price of $7.86 as of April 17. Render price analysis Furthermore, in addition to being down 31.04% across the past 30 days, RNDR’s price at presstime also represents a decline of 5.03% in the last 24 hours, a 14.49% drop across the previous seven days, according to the most recent information. Picks for you Sell signal for two yet overbought cryptocurrencies this week 9 mins ago We asked ChatGPT what will be Gold price if an Israel-Iran w...

$1.2 billion worth of Bitcoin sent to exchanges in a month

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Bitcoin (BTC) experienced a bull run in the last month , up more than 30% since October 15. This created an opportunity for investors, traders, and Bitcoin miners to realize profit by selling their coins. In the meantime, centralized exchange BTC reserves increased by approximately $1.2 billion worth of the leading cryptocurrency. Notably, exchange reserves registered an increase of 34,315 BTC from October 20 to November 14, according to a Glassnode chart shared by Ali Martinez on X. Reserves dropped to around 2.32 million BTC, the lowest in the chart, bouncing up to more than 2.35 million BTC at its highs. Considering Bitcoin’s price in the $36,000 zone by press time, the increase sums up to $1.23 billion worth of a possible market sell-off. Bitcoin: Balance on exchanges (total) [BTC] – All Exchanges. Sources: Glassnode and @ali_charts Bitcoin price analysis amid exchange reserves increase Interestingly, Bitcoin price initially surged a few days before exchange reser...

Educational website with 5m monthly visitors hit by hidden Monero miner

The analysts say bad actors put a script on the website that installed malware to download a cryptocurrency miner . Group-IB, a Singapore-based cybersecurity provider, revealed in a recent blog post that an undisclosed educational website fell victim to a hidden cryptojacking campaign. According to the firm’s blog post, threat actors inserted a hidden script on the website, which allowed them to remotely install malware on each visitor’s computer and to download a cryptocurrency miner from chrome-error[.]co. Although Group-IB didn’t name the website, the firm noted the educational online platform had “5 million visits per month.” You might also like: Mixin Network temporarily halts operations following $200m defi exploit The analysts say the malware archive — which was downloaded to the victim’s Downloads folder — contained an executable file that installed a mining software XMRig Coin miner to mine Monero (XMR). XMRig is a well-known...

ETH sending addresses hit 8-month high amid $1,600 retest

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Ethereum (ETH) currently faces mixed sentiments as it witnesses a bullish and bearish metrics surge, including an 8-month high number of sending addresses. Glassnode called attention to these metrics in a series of disclosures on X (formerly Twitter). The leading crypto data provider highlighted four critical metrics demonstrating investor sentiments in the Ethereum market as the asset retests $1,600. The first metric underscores a decline in addresses receiving Ethereum over the past seven days. This indicator recently hit a one-month low of 8,780.  #Ethereum $ETH Number of Receiving Addresses (7d MA) just reached a 1- month low of 8,780.256 Previous 1- month low of 8,781.738 was observed on 29 August 2023 View metric:https://t.co/Vm6VJY2z37 pic.twitter.com/2XP74ZS9gq — glassnode alerts (@glassnodealerts) September 13, 2023 Moreover, data suggests a potential drop in interest or a decrease in network activity. It’s worth noting that this metric has been stead...