Crypto News 6 Dec 2022

Please find below today’s Crypto News 6 Dec Headlines

Crypto News 6 Dec #1 – Ankr Reveals Compensation Plan For Users Affected by $5 Million Hack

ZyCrypto Ankr was the victim of a hack that cost the project losses of over $5 million. The team briskly patched the exploit within hours. Ankr says it will compensate all users for their losses and discontinue the affected token to prevent future occurrences.

Crypto News #2 – SHIB Burn Rate Jumps 353% as Price Gains in Last 24 Hours

SHIB price broke past the important price barriers The Shiba Inu burn rate is up an impressive 353% in the last 24 hours, sustaining its earlier increase. According to the Shibburn website, 37,957,807 SHIB were burned in the last 24 hours, which is almost five times that which was burned the previous day, when only 8,375,655 SHIB were burned.

Crypto News 6 Dec #3 – Whales and Sharks Accumulate $194,000,000 Worth of Ethereum-Based Altcoin in Just Two Months: Analytics Firm Santiment

Leading analytics firm Santiment reveals that the two largest Chainlink (LINK) investor cohorts have loaded up on the Ethereum (ETH)-based oracle network to the tune of $194.3 million in just two months. According to Santiment, LINK whales and sharks now hold the largest percentage of Chainlink’s supply since the altcoin was created in 2017.

Crypto News #4 – PancakeSwap Burns $28 Million Worth of CAKE, Price Shows Positive

PancakeSwap (CAKE) turns bullish as $28 million worth of it just burned PancakeSwap announced the results of the latest round of burning CAKE, the decentralized exchange’s native token. According to the data presented, 6.95 million tokens were burned, which at the current price has an equivalent value of $28 million.

Crypto News 6 Dec #5 – SHIB Loses Top 10 Position for Whales

The largest Ethereum whales no longer hold Shiba Inu coins among their top 10 assets, suddenly switching to other coins According to leading wallet tracker WhaleStats, the top 100 whales on Ethereum’s chain no longer support SHIB meme coin, after they removed it from their top 10 holdings list over the weekend.

Crypto News #6 – Elon Musk’s Twitter To Reportedly Launch “Twitter Coin

Twitter is reportedly working on monetization tools and “Twitter Coin”. App researchers Nima Owji and Jane Manchun Wong revealed the “Coins” section in hidden “Tips” settings on Twitter. Elon Musk earlier hinted at implementing Dogecoin (DOGE) for Twitter payments.

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Crypto News 6 Dec #7 – Bitcoin Hash Ribbon Metric Fails for the First Time Following FTX Crash

The Bitcoin Hash Ribbon metric had a good run when it came down to signaling a buying opportunity. However, the recent downturn of the market, induced by the FTX crash, has changed the tides.

Crypto News #8 – Built With Bitcoin Foundation Opens Bitcoin Technology Center In Ejisu, Ghana

The Built With Bitcoin Foundation (BWB) has opened a new Bitcoin Technology Center in Ejisu, Ghana, a city in Greater Kumasi, as a legacy for the inaugural Africa Bitcoin Conference. The center will be run by Ghanaians, for Ghanaians, according to a press release sent to Bitcoin Magazine.

Crypto News 6 Dec #9 – Metaverse Token Axie Infinity (AXS) Suddenly Pumps 25%

AXS, the native token of Axie Infinity, has seen its price jump in recent hours. The project is a blockchain-based game metaverse in which players collect and breed digital pets called Axies that can be used in a turn-based card game.

Crypto News #10 – Number of Cardano-based smart contracts surpasses 4,000

Following the Vasil hard fork in September, Plutus Scripts (a Cardano-based smart contracts platform) has rapidly hit over 4,000 smart contacts. According to data acquired by Finbold, the number of smart contracts on Cardano reached the 4,027 mark on December 3, per statistics from Cardano Blockchain Insights.

Crypto News 6 Dec #11 – One Trillion SHIB Moved to Coinbase as Coin Prints Long Green Candle

By the way, the price surged earlier today, printing a massive green candle on an hourly chart. 1 trillion SHIB added to Coinbase A total of 1,060,594,914,048 Shiba Inu tokens were moved from anonymous addresses to Coinbase wallets, with the potential target of selling this hefty amount of SHIB.

Crypto News 6 Dec #12 – ETH Spikes Up 10% in 7 Days

Ethereum Up 10% in Seven Days The price of Ether (or ETH), the token that powers the Ethereum blockchain network was last up more than 10% in the last seven days according to CoinMarketCap data.

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