The Twitter account of Indian Prime Minister Narendra Modi was compromised and a tweet was posted claiming that the government of India has adopted bitcoin as legal tender and purchased 500 coins to distribute to all residents in the country. This hack came at a critical time in India as the government is actively working …
Yearly archives: 2021
Galileo Exchange Launches Its Native Token, the “GELT”
sponsored Galileo Exchange is a groundbreaking hybrid of a Crypto exchange, a Blockchain project, and the innovation of accelerated price dynamics. It combines these essential elements to bring trustworthiness, innovation, value and entertainment. Galileo Exchange is Fully Developed, Proprietary & Market Ready The platform introduces many unique features including: Gamification of Financial Markets World’s First …
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Power Utility Sues Russians Mining Cryptocurrency at Their Homes, Raises Electricity Rates
A Russian power utility has found a way to increase electricity prices for consumers mining cryptocurrency using household electricity. The regional distribution company has taken dozens of amateur miners to court and has already won some of the cases. Power Utility Goes After Crypto Miners Using Subsidized Electricity to Mint Digital Coins Irkutskenergosbyt, a power …
Bitcoin To Flip Bullish Under One Key Circumstance, According to On-Chain Analyst Will Clemente
Popular on-chain data analyst William Clemente says Bitcoin (BTC) will flip bullish when one metric reaches a key level. In Blockware Intelligence’s latest newsletter, Clemente looks at the cost basis for short-term holders (STHs) of Bitcoin (BTC). Cost basis, as it pertains to on-chain analytics, is the average price where a certain group of investors …
Solana Gearing Up for 255% Rally Early Next Year: Crypto Exchange Kraken
Crypto exchange Kraken is saying that Ethereum competitor and smart contract platform Solana (SOL) could be jockeying for a strong rally by early 2022. In a recent report, Kraken says that Solana has been trading within a large bullish pattern dating as far back as 2020. According to the crypto exchange, Solana’s corrective move from …
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Inside the blockchain developer’s mind: Proof-of-stake blockchain consensus
Cointelegraph is following the development of an entirely new blockchain from inception to mainnet and beyond through its series Inside the Blockchain Developer’s Mind. In previous parts, Andrew Levine of Koinos Group discussed some of the challenges the team has faced since identifying the key issues they intend to solve and outlined three of the …
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6 Questions for Jane Thomason of Kasei Holdings
We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and we throw in a few random zingers to keep them on their toes! This week, our 6 Questions go to Jane Thomason, an entrepreneur and thought leader in technological innovation, fintech and blockchain for social impact. She is …
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Hackers Share Crypto Scam Link Using India’s PM Narendra Modi Twitter account
The official Twitter account of Indian Prime Minister Narendra Modi was recently compromised, with the hackers allegedly posting a message that India has officially recognized Bitcoin as a legal tender. The account also added that it will be distributing 500 BTC to citizens. However, the account was immediately discovered to be compromised as Twitter swiftly deleted the …
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Ascend Confirms That It Lost $80 Million In A Recent Hack Of Its Hot Wallet
Crypto exchange AscendEX has confirmed a hacking incident that compromised its system. According to the exchange, several malicious tokens were withdrawn from its hot wallet, as funds estimated to be around $80 million were stolen. The report noted that the stolen tokens were hosted on Binance smart chain (BSC), Ethereum (ETH), and Polygon (POLY) blockchains. …
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Bank Of Thailand Voices Concerns Over Crypto’s Use For Payments
Bank of Thailand (BoT) officials have stated that it’s not illegal to use cryptocurrency as means of payment but warned that users should be prepared to face a lot of price fluctuations. According to the officials, users “must be able to accept the risks” involved in using crypto assets. This week, the senior director at …
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XRP Creator Wants A More Environmentally Consensus Algorithm For Bitcoin
Ripple co-founder and XRP creator, Chris Larsen says he has come up with a solution that will significantly reduce Bitcoin’s high energy consumption problem. According to the entrepreneur, the new strategy will allow Bitcoin to move into a more environmentally friendly consensus algorithm. Larsen Proposes A Change In Bitcoin’s Network Code Larsen admitted that it …
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Bitcoin Cash Price Prediction: BCH/USD Market Continues in a Correction
BCH/USD Market Continues in a Correction – December 12The BCH/USD market continues in a correction moving style as its price valuation trades around $445. The crypto-economic percentage rate of trading is at 3.03 negative. Market Continues in a Correction: BCH MarketKey Levels:Resistance levels: $500, $600, $700Support levels: $400, $350, $300BCH/USD – Daily ChartThe BCH/USD daily …
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Smart Money Whales Have Accumulated Over $2,664,000,000 Worth of One Altcoin: Crypto Insights Firm Santiment
Crypto insights firm Santiment says deep-pocketed crypto investors have been stocking up big on one large-cap altcoin while markets undergo price dips. Santiment tells its 117,000 Twitter followers that whales, or holders with wallets that contain between one million and 10 million XRP, accumulated over 19 million more of the eighth-largest cryptocurrency in the last …
Polygon Acquires Mir Protocol in $400M Deal in Order to Bolster ‘Groundbreaking ZK Rollup Tech’
On December 9, Polygon co-founder Mihailo Bjelic announced that the project has acquired the Ethereum scaling startup Mir in a $400 million deal. The Mir team of cryptographers and engineers are joining Polygon in order to create a “highly-scalable, Ethereum-compatible ZK rollup” called Polygon Zero. Mihailo Bjelic: ‘Polygon Is Focused on Zero-Knowledge Cryptography as the …
Russia’s Federation Council to Set Up Working Group on Crypto Regulations
The Federation Council of the Russian legislature is forming a working group expected to propose comprehensive regulations for cryptocurrencies. Officials from several ministries and government agencies, as well as members of the country’s expanding crypto industry, will join the body. Federation Council to Prepare New Regulations for Cryptocurrencies in Russia The Federation Council, the upper …
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