Vitalik Buterin has recounted how turned $25,000 into $4.3 million in three years by investing in DOGE. In his recent appearance on the Lex Fridman podcast, Ethereum co-creator, Vitalik Buterin, revealed he profited more than $4 million from a $25,000 investment that he made into Dogecoin during 2016. But true to form, he gave it …
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Coinbase CSO says ‘good ol’ fashioned police work’ landed the FBI the private keys. Coinbase’s Chief Security Officer has refuted suggestions the U.S. crypto exchange was involved in any seizure of crypto assets related to recent Colonial Pipeline ransomware attack. CSO Philip Martin took to Twitter on June 8 to explain the firm’s involvement, or …
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Dfinity founder Dominic Williams has criticized Ethereum’s emerging ecosystem of layer-two solutions for exposing users to counterparty security risks. Dominic Williams, the founder of Dfinity and its Internet Computer, has slammed the scaling solutions put forward by Polkadot and Ethereum for offering a disjointed user experience. The self-described “blockchain maximalist” criticized Ethereum’s burgeoning ecosystem of …
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Goldman Sachs has backed a Series A $28 million funding round for Blockdaemon, and invested $5 million in the blockchain infrastructure firm. Goldman Sachs has backed a $28 million Series A funding round for blockchain infrastructure firm Blockdaemon. The funding was led by Greenspring Associates and included participation from crypto lending firm BlockFi, and crypto-asset …
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Bitcoin transactions are in rapid decline as the cryptocurrency market continues to shed value since its recent peak. The global crypto market lost $200 billion overnight leading into Tuesday morning, adding to $300 billion in losses for the week. Momentum pushed the global market capitalization down since Bitcoin (BTC) hit a recent peak in April, …
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More than $6 billion worth of Bitcoin is now tokenized on Ethereum as WBTC. One percent of Bitcoin’s circulating supply is currently tokenized as Wrapped BTC (WBTC), equating to nearly $6.2 billion worth of BTC. The milestone was acknowledged by the product manager of crypto custody firm BitGo, Kia Mosayeri, who tweeted the news on …
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“We are going to lead the shift to crypto and fintech in Mexico,” said one senator. Eduardo Murat Hinojosa, a senator of the federal government of Mexico, has said he will be submitting a proposal to lawmakers seemingly aimed at crypto adoption in the country. In a tweet today, Hinojosa changed his profile picture to …
Financiers from New York and London are said to be leading the private investment round, according to reports. Cryptocurrency lending platform BlockFi is reportedly looking to raise hundreds of millions of dollars in new funding at a valuation of nearly $5 billion, offering further insights into the growth of crypto-focused companies. The company, which was …
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The partnership enables investors to purchase grams of accredited gold as ERC-20 tokens. Gold wholesalers are starting to find new ways to expand their businesses to retail, thanks to blockchain-based tokenization. International bullion trading company AgaBullion and United Kingdom-based fintech Aurus Technologies have signed a partnership to offer gold-backed tokens in the Turkish market. The …
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In lieu of expanding the main ledger’s functionality, Ripple’s developers argue that using federated sidechains will help preserve the blockchain’s leanness and efficiency for payments. Ripple’s developers have been engaging with feedback and suggestions that they expand the XRP Ledger, or XRPL, to integrate functionalities such as smart contracts. The latter have become a major …
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Crypto and blockchain industries need to play by the rules to realize their full potential, Concordium CEO says. The anonymity of Bitcoin (BTC) and other cryptocurrencies is a hot topic in the crypto space. While the transactions are open to track in a public blockchain, it is challenging to link a transaction with a real-life …
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“Most crypto, virtual currencies are designed to stay off the radar screen,” said Charles Rettig. Internal Revenue Service chief Charles Rettig called out lawmakers for not taking the initiative on addressing the problem of many U.S. residents not paying taxes on crypto. In a Tuesday senate hearing on the IRS’ fiscal year 2022 budget, Rettig …
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Breaking $19,000 will be “very hard” for bears, say analysts at Whalemap, with this still allowing Bitcoin to dive below the $20,000 highs from 2017. Bitcoin (BTC) edged closer to the significant $30,000 support on June 8 amid predictions that a major crypto correction was imminent. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bulls line …
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Coinseed also created an ERC-20 token whose message is targeted at New York Attorney General Letitia James. Coinseed, a crypto platform that enabled micro-investing in cryptocurrency assets for its users, has shut down its operations. Delgerdalai Davaasambuu, founder and CEO of Coinseed, announced the decision via a statement published on the platform’s website. Detailing his …
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“The probability as more and more people keep using Bitcoin, it’s going to keep moving up,” said Marc Lasry. Marc Lasry, co-founder and CEO of Avenue Capital Group, believes that despite recent volatility in the crypto market, it likely isn’t going away. In a Tuesday interview with CNBC’s Squawk Box, Lasry said that while the price …
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