Almost a month ago, Ronin Network, the side-chain built to scale Axie Infinity was exploited by hackers who made off with over $615 million worth of ETH. The hackers seem to have cashed in 28,164 ETH out of the 173,000 ETH stolen in the Ronin Bridge attack, with a current market value of $86,128,384.73. The …
Continue reading “Axie Infinity Ronin Bridge Hacker has already moved 38,293 ETH ($114.8 million)”
The Brazilian Development Bank (BNDES) has partnered with the Court of Accounts of the Union (TCU), a constitutional institution of the Brazilian government, to complete the development of the Brazilian Blockchain Network. The partnership, established through a memorandum of understanding, establishes a deadline for the completion of the project, which should be finished in five …
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Nigerian public and law enforcement agencies have been urged to “stop the demonization” of the blockchain and cryptocurrency industry. According to an association that advocates for the risk-based regulation of the crypto industry, financial institutions should not use a Nigerian central bank directive as basis for denying service to industry players. Risk-Based Regulation of Crypto …
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The government of Ireland is preparing to ban political parties from accepting campaign donations in cryptocurrency. The move aims to block the perceived threat of Russian interference in the European nation’s elections against the backdrop of a clash between the West and Moscow over the war in Ukraine. Ireland to Limit Foreign Political Support for …
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A popular crypto strategist and is unveiling his huge long-term price target for Ethereum (ETH) competitor Solana (SOL) while predicting surges for Avalanche (AVAX) and Terra (LUNA). Pseudonymous crypto analyst Inmortal tells his 152,100 Twitter followers that he expects decentralized finance payment network LUNA to rally back to triple digits after respecting support at around …
HodlX Guest Post Submit Your Post Strike’s partnership with Shopify, Blackhawk Network and NCR allows people to use Bitcoin in a much more mainstream way, ditching traditional payment system monopolists. Payment network Strike has announced integrations with Shopify, alternative payment processor Blackhawk Network and point-of-sale provider NCR, making it easier for global merchants to accept …
Beanstalk Farms, a credit-based stablecoin protocol exploited for around $76 million in crypto on April 18, has offered a bounty of 10% if the attackers return the funds. The offer was posted on the company’s Twitter and sent to the attackers via an on-chain message the following day. It proposed that the exploiters return 90% …
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India’s 30% crypto tax came into law on March 31 and was effective April 1, despite warnings from several stakeholders about its possible ill impact on the budding crypto industry. As predicted, within just a couple of weeks of the new crypto tax law coming into effect, trading volume across major crypto exchanges dropped as …
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Aura FAT Projects Acquisition Corp. (AFARU), a special purpose acquisition company (SPAC), has closed its initial public offering (IPO) on Nasdaq and raised $115 million, focusing on crypto industry assets. The Cayman Islands-incorporated SPAC raised an impressive $100 million during its April 13 IPO, with an over-allotment of $15 million, bringing its total to $115 …
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Financial regulators have greenlit Australia’s first Bitcoin ETF to begin trading on April 27 and the Australian Financial Review reports it could see up to $1 billion in inflows. An ETF is a regulated exchange traded fund that allows investors to benefit from the price of Bitcoin (BTC) without needing to own any coins themselves …
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The native token prices from multiple projects that employ Ethereum Layer 2 scaling solution Optimism have spiked around 20% amid rumors that the network will soon launch a token and airdrop it to the community. Optimism is a Layer 2 scaling solution that utilizes Optimistic rollups to process a high amount of transactions off the …
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A new report by blockchain analytics firm CipherTrace highlights the growing role that privacy-focused cryptocurrencies such as Monero are playing in the rising tide of ransomware. “Current Trends in Ransomware” delves into trends observed during 2021 but was only released this week. The firm revealed there was almost a 500% increase in “double extortion” ransomware …
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A top official from the U.S. Secret Service (USSS) says the agency can track the flow of Bitcoin and other cryptocurrencies in a similar manner to email addresses, and it has seized more than $102 million in crypto across 254 cases since 2015. USSS assistant director of investigations David Smith told CNBC that the transparent …
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Dubbed the “next-gen DEX,” AdaSwap has high hopes of making a significant impact on the growing Cardano DeFi market. DeFi Llama currently shows ten DeFi projects listed for Cardano, of which four are inactive. To read the rest of this article, sign in or join CryptoSlate Edge. Get an Edge on the Crypto Asset Market …
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The United States Secret Service has seized over $100 million worth of digital assets from malicious actors in fraud-related investigations over the past seven years, CNBC reported. The federal agency revealed that it has handled around 254 cases since 2015 and that its activities have been yielding positive results, and that it has no intention …
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