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Alarming Report Reveals Over $30 Billion Worth of Crypto Hacked Since 2012
3 months ago 1 min read

More Than $30 Billion Worth of Crypto Stolen in Hacks Since 2012

A recent report by SlowMist, a blockchain security firm, has unveiled that a staggering $30 billion worth of cryptocurrency has been hacked in 1,101 documented incidents from 2012 to the present. This amounts to approximately 2.5% of the total market capitalization of cryptocurrencies. The report highlights the top five most common types of hacks and sheds light on notable incidents, including the infamous Mt. Gox and Bitfinex hacks. SlowMist’s report identifies smart contract vulnerabilities, rug pulls, flash loan attacks, scams, and private key leaks as the most common types of hacks. Among the documented incidents, exchange hacks accounted for the

what happens if the government decides to confiscate your bitcoins (BTC)
3 months ago 2 mins read

Is Your Bitcoin Really Safe If the Government Can Confiscate Them from You?

Bitcoin is often touted as a safe and secure way to store your money, but what happens if the government decides to confiscate your bitcoins? In theory, bitcoin is very difficult for governments to seize. The blockchain is a decentralized ledger that is not controlled by any single entity, so it would be very difficult for governments to shut down or seize the entire network. However, governments can still confiscate bitcoins if they can identify the owners of the wallets containing the bitcoins. This can be done through a variety of methods, such as tracking down IP addresses or financial

we will explore the factors that could potentially influence XRP's price and whether it has the potential to reach $2 again.
4 months ago 2 mins read

Does XRP have what it takes to reach $2 again?

XRP, the cryptocurrency associated with Ripple, has experienced its fair share of ups and downs in the volatile cryptocurrency market. After reaching a peak of $3.84 in early 2018, XRP’s price has faced significant fluctuations. Many XRP investors and enthusiasts are eager to know if the cryptocurrency can reclaim the $2 price level. In this article, we will explore the factors that could potentially influence XRP’s price and whether it has the potential to reach $2 again. Historical Performance of XRP To assess the possibility of XRP reaching $2 again, it is crucial to examine its historical performance. XRP experienced

Predicting the price of Bitcoin with a high degree of accuracy is challenging and many predictions may turn out to be incorrect
4 months ago 2 mins read

Should people stop predicting Bitcoin price?

While it’s true that predicting the price of Bitcoin with a high degree of accuracy is challenging and many predictions may turn out to be incorrect, it doesn’t necessarily mean that people should stop attempting to predict its price altogether. Here are a few reasons why predictions can still be valuable despite their inherent uncertainty: It’s important to approach predictions with caution and consider them as one piece of the puzzle rather than relying solely on them for investment decisions. Combining predictions with fundamental analysis, market research, risk management strategies, and a diversified investment portfolio can help mitigate risks and

Cathie Wood's Ark Invest has shown unwavering confidence in Coinbase
4 months ago 2 mins read

Ark Invest Buys $21 Million Worth of Coinbase Shares

Cathie Wood’s Ark Invest has shown unwavering confidence in Coinbase, the prominent crypto exchange operator, by purchasing additional shares on the same day the company was hit with a lawsuit by the US SEC. The move comes amidst a sharp decline in Coinbase’s stock price due to the legal action. Despite the challenging situation, Ark Invest’s flagship ETF, Ark Innovation, along with its Next Generation Internet ETF and Fintech Innovation ETF, collectively acquired 329,773 shares of Coinbase, amounting to a total investment of $21.64 million. This article delves into Ark Invest’s decision to bolster its stake in Coinbase and their

Crypto Life Insurance Startup Secures $19 Million Funding Round with Sam Altman as Investor
4 months ago 1 min read

Sam Altman Backs Crypto Life Insurance Startup with $19M

Bermuda-based Meanwhile, a digital asset-denominated life insurance provider, announced today that it has raised $19 million in seed funding. The round was led by OpenAI CEO and Worldcoin founder Sam Altman, alongside former head of Stripe issuing Lachy Groom. Gradient Ventures, Google’s AI fund, also participated. Meanwhile claims to be the first and only life insurer to offer products entirely denominated in crypto. The company says that its products are designed to provide peace of mind to cryptocurrency investors and protect their assets in the event of death. The fresh funding will be used to help Meanwhile obtain a license

Russian Official Suspended Amidst Allegations of Accepting a $28 Million Bitcoin Bribe
4 months ago 2 mins read

Russian Official Accused of Accepting $28 Million Bitcoin Bribe

A prominent Russian official, Marat Tambiev, has been thrust into the center of a high-profile corruption scandal. Tambiev, who had been serving as the head of the Tverskoy district of Moscow’s investigative department, stands accused of accepting a staggering bribe of 1,032 bitcoins. The alleged bribe, amounting to $28 million, was purportedly offered to him by the hacking group Infraud Organization Mark. Tambiev allegedly received the substantial bitcoin bribe in April 2022 from two members of the Infraud Organization Mark, Kirill Samokutyaevsky and Konstantin Bergmanov, who were under investigation in Russia at the time. According to a lawsuit filed with

Gary Gensler
4 months ago 2 mins read

Gary Gensler Oversteps His Authority: It’s Time to Put a Stop to It

Gary Gensler, the chair of the U.S. Securities and Exchange Commission (SEC), has been a vocal critic of cryptocurrency. He has called for stricter regulations on the industry, and he has even said that he believes that all digital assets are securities. Gensler’s stance on cryptocurrency has been met with criticism from some in the industry, who argue that he is stifling innovation. They say that his regulations are too burdensome and that they will make it difficult for new businesses to enter the market. Others argue that Gensler is simply trying to protect investors from fraud and abuse. They

The first quarter of 2023 has seen a number of high-profile crypto hacks
4 months ago 2 mins read

Top Crypto Hacks in the First Quarter of 2023

The first quarter of 2023 has seen a number of high-profile crypto hacks, with hackers making off with millions of dollars worth of digital assets. Here are some of the biggest hacks that have taken place so far this year: These are just a few of the many high-profile crypto hacks that have taken place in the first quarter of 2023. These hacks highlight the need for increased security measures in the crypto industry. Users should be careful about which exchanges and wallets they use, and they should always store their private keys in a secure location. In addition to

Polygon (MATIC) network has attracted a lot of attention from the DeFi community
4 months ago 5 mins read

Polygon (MATIC) Top Partnerships with Big Companies

Polygon (MATIC) is a layer-2 scaling solution for Ethereum that aims to improve the scalability and speed of the network. It does this by using a variety of techniques, including sidechains, optimistic rollups, and zk rollups. Polygon has attracted a lot of attention from the DeFi community, and it has partnered with a number of major companies. Here are some of Polygon’s top partnerships with big companies: These are just a few of Polygon’s top partnerships with big companies. Polygon has also partnered with a number of other projects, including SushiSwap, SushiSwap, and The Sandbox. These partnerships are helping to

Cardano is set to offer a robust infrastructure and foster innovation in the decentralized ecosystem
5 months ago 2 mins read

Cardano’s DeFi Ecosystem Grows, Fueling Speculation for $1 ADA Price

Cardano is set to experience significant growth following notable developments within its network. Several key advancements were highlighted in the latest weekly development report released Friday, May 19. Hydra Upgrade In scaling efforts, the Hydra team achieved significant milestones with the release of the first mainnet-compatible Hydra node version. These advancements address critical issues that need resolution before integrating Hydra Head with real ADA, ensuring users’ smooth and secure experience. Voltaire Workshops Voltaire workshops also commenced, providing opportunities for collaboration and networking among local Cardano communities. Voltaire is a big upgrade for Cardano in the future. As per the Cardano

We are extremely pleased to announce the inaugural edition of the EUROPEAN WEB3 SUMMIT, a new premiere platform to shape and debate the future of Web3 in Europe.
5 months ago 3 mins read

The EUROPEAN WEB3 SUMMIT BRUSSELS

The Summit where Web3 meets EU policymakers and Web2 businesses BRUSSELS, BELGIUM – April 19, 2023:  We are extremely pleased to announce the inaugural edition of the EUROPEAN WEB3 SUMMIT, a new premiere platform to shape and debate the future of Web3 in Europe. This invitation-only event will take place on 23-24 May at Bibliotheque Solvay, Brussels, bringing together EU and member state officials, Web2 & Web3 industry leaders, as well as civil society groups to foster a trusted multistakeholder dialogue on creating a sustainable environment for Web3 in Europe. The EW3S is a meta-platform coordinated by blockchain-related NGOs to

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