Joseph O’Connor, known in some corners of the internet as PlugWalkJoe, was indicted on an array of charges relating to a May 2019 cryptocurrency exchange hack. During the attack, he is alleged to have absconded with digital assets valued at approximately $784,000. In the criminal scheme, authorities believe O’Connor utilized SIM swap attacks (an artifice …
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High transaction fees have been a persistent thorn in the side of investors and blockchain projects since at least 2014 when Ethereum Network co-creator Vitalik Buterin stated in reference to Bitcoin, “The ‘Internet of Money’ should not cost $0.05 per transaction. It’s kind of absurd.” Fast forward to November 2021 and the simple act of …
Continue reading “Layer-2 and multi-chain DeFi platforms see record inflows as Ethereum fees soar”
If everything goes as planned, we can expect to see Wrapped XRP (wXRP) on Ethereum blockchain before the end of the year, according to an announcement made by Wrapped.com, a cross-chain wrapped assets service provider. XRP to be on Ethereum blockchain by December The announcement revealed that the Wrapped XRP (wXRP) would be backed 1:1 …
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Research by consumer intelligence firm CivicScience reveals low-paid workers are quitting their jobs as a result of their crypto profits. In April, a record number of U.S workers quit their jobs. This trend has continued in the subsequent months, leading to what the Economist calls “the Great Resignation.” The pandemic has changed how people think …
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U.S. Senator Ted Cruz has introduced a resolution that would position Congress to lead in the area of cryptocurrency by having congressional cafeterias, vending machines, and gift shops accept crypto payments. “Congress is typically slow to adopt new technology,” he said. Senator Pushes for Crypto Adoption in Congress U.S. Senator Ted Cruz has introduced a …
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Star Financial Bank (Star Bank) says it has become the first bank in the U.S. state of Indiana to offer bitcoin services to customers. The services will be offered through the New York Digital Investment Group and Alkami platform. Customers will have the ability to buy and sell bitcoin via the Star Mobile Banking App. …
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sponsored Trava is the next generation of Lending Protocols, employing an innovative model of multiple lending pools created by users. This groundbreaking cross-chain lending development is something you have to check out if you ever wanted to create and manage your own lending pool, starting an online lending business and potentially earn big profits from …
Russian institutions have responded to a call from а public movement for joint efforts to identify cryptocurrency transfers related to drug trade. The anti-drug organization, Stopnarkotik, recently asked the interior ministry and the central bank to investigate alleged connections between U.S.-sanctioned crypto exchange Suex and a darknet market operating in the region. Russian Authorities Respond …
We have been strong supporters of Terra/Luna since 2018. We’ve watched the product grow and multiply, and today the ecosystem includes a synthetic asset platform called Mirror, the borrow lend protocol Anchor, and a flourishing ecosystem of nascent products and primitives. The Anchor Protocol is designed to offer savers a fixed income yield initially targeted …
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Real Vision CEO Raoul Pal believes conventional wisdom on when the current crypto cycle will end is missing the mark. In a new Real Vision interview, the macro guru predicts Bitcoin, Ethereum and the altcoin markets will take the “path of most pain” and surprise traders who expect the bull run to end in December. …
US Senator Ted Cruz (R-TX) is pushing to promote crypto awareness and widespread acceptance of digital assets with a new resolution. The legislator submitted the Adopting Cryptocurrency in Congress as an Exchange of Payment for Transactions (ACCEPT) resolution on Monday, proposing that administrative managers on Capitol Hill engage the services of merchants that accept cryptocurrencies …
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Veteran investor Mark Mobius thinks Bitcoin (BTC) and other crypto assets are not investments. In a new interview with CNBC, the co-founder of frontier markets company Mobius Capital Partners points to stocks as the solution for dealing with currency inflation. “Stocks definitely are the answer because the devaluation of currencies is not going …
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Traders should focus on Bitcoin (BTC) and Ethereum (ETH) right now, according to two popular crypto analysts. Writing in the latest TechnicalRoundup newsletter, the pseudonymous traders known as Cred and DonAlt say the top two crypto assets by market cap both still look good after recently surging to new all-time highs [ATHs]. “The …
The cryptocurrency market has matured from a fringe technology experiment to a global asset class valued at over $2.7 trillion. It’s about time we start treating it as a business — and reporting on it as such. Cointelegraph’s Business Beat has been busy over the past year covering the biggest developments in the blockchain and …
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Ethereum-based (ETH) decentralized finance, or DeFi, risk management marketplace Risk Harbor will soon take over control of Terra’s Ozone Protocol, according to a press release published on Thursday. Ozone is a decentralized insurance mechanism that provides coverage in the event of technical failures on the Terra DeFi ecosystem. The latter is a dual-token platform that …
