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”
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 …
Continue reading “US Senator To Propose Bill To Accelerate Crypto Adoption: Report”
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 …
The bullish optimism seen earlier in the week was dialed back on Nov. 4 after recent comments from United States Federal Reserve Chairman Jerome Powell confirmed that the central bank would soon start to taper its monetary policy of easing and bond-buying. These statements appear to have kicked off a series of price decreases across …
Continue reading “Hawkish Fed comments and fears of stablecoin regulation spark market sell-off”
Newly-elected New York City Mayor Eric Adams has reiterated his pledge to make the city a crypto hub by accepting his first three paychecks entirely in Bitcoin (BTC). In a Thursday response on Twitter to Francis Suarez — re-elected for another term as of Tuesday — Adams said he would be matching the Miami mayor’s …
Coinbase is adding five altcoins built on Ethereum to its growing roster of crypto assets. After a release on Coinbase Pro, SUKU (SUKU) is now available to buy and sell on the company’s main retail trading platform and mobile applications. The SUKU Platform is designed to bring new accountability reporting and verification standards to …
A popular crypto trader thinks that Polygon (MATIC) and Binance Coin (BNB) are set to rally before Bitcoin (BTC) ascends towards $100,000. The crypto market analyst known as Altcoin Sherpa tells his 141,900 Twitter followers that Bitcoin may be leaving the last door open for buyers to accumulate before taking off on its next leg …
Solana (SOL) is now the fourth-most popular blockchain in terms of non-fungible token (NFT) sales volume. According to data aggregator CryptoSlam, Solana’s NFT sales are the fourth-largest by volume. Leading the pack is Ethereum, followed by Ronin (a sidechain developed for the Axie Infinity play-to-earn game) and Worldwide Asset eXchange (WAX). At time of …
Continue reading “Solana Becomes Fourth-Biggest NFT Blockchain As SOL Overtakes Cardano”
On Nov. 2, award-winning writer and director Quentin Tarantino announced he would auction off seven uncut scenes from Pulp Fiction as nonfungible tokens, or NFTs, built on the Secret Network (SCRT). The digitized assets will include the first uncut scripts of the movie, as well as secrets about the film and its creators. While the …
