Monthly Archives: August 2021

Price analysis 8/13: BTC, ETH, BNB, ADA, XRP, DOGE, DOT, UNI, SOL, LTC

The sharp rebound in Bitcoin and most major altcoins proves that traders are buying aggressively on every minor dip. A KPMG report titled “Pulse of Fintech H1 2021,” shows that the total investment in the blockchain and cryptocurrency sector in the first half of this year has risen to $8.7 billion, which is more than double the $4.3 billion worth of deals done in 2020.  KPMG global fintech co-leader Anton Ruddenklau said: “Cryptocurrency and blockchain are exploding globally. I think for the rest of this year at least, […]

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Poly Network Says Stolen User Assets on ETH Have Been Returned, Except Frozen USDT

On Friday, a few days after the initial hack for $611 million, the Poly Network project detailed that the company has obtained all the assets stolen minus the frozen tether that was blacklisted by Tether Limited. The Poly Network team said they are in control of the funds along with “Mr. White Hat,” but the repayment process is not complete. Poly Network Hacker Returns Most of the Stolen Crypto Assets According to a message from the Poly Network team, a large majority of the stolen funds from […]

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Favorable Regulation, Abundant Energy Turning Wyoming Into A Bitcoin Hub

Clear, welcoming regulation, abundant energy sources are among the main two reasons why Wyoming is becoming the next big Bitcoin state. Friendly and precise regulation, abundant energy sources, and a thriving innovation landscape drive Wyoming to become the next bitcoin state. CNBC talked with Avanti CEO Caitlin Long and Sen. Cynthia Lummis, who both live there, to gauge what’s behind the state’s fast-tracking on Bitcoin innovation. The state of Wyoming has been taking steps to become a hotbed for bitcoin companies by approving friendly legislations and clarifying […]

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London court orders Binance to trace hackers behind $2.6M Fetch.ai attack

“We need to dispel the myth that crypto assets are anonymous. The reality is that with the right rules and applications they can be tracked, traced and recovered,” said Syedur Rahman. Artificial intelligence research lab Fetch.ai has been granted a request to have major cryptocurrency exchange Binance identify individuals behind a $2.6 million hack. According to a Friday Reuters report, the Royal Courts of Justice in London has ordered Binance to identify the hackers and seize the stolen assets. Fetch.ai reportedly claimed that hackers stole $2.6 million […]

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Coinbase Aims to Be the ‘Amazon’ of Crypto, CEO Says Exchange Wants to List All Legal Crypto Assets

The Nasdaq-listed cryptocurrency exchange Coinbase says that it wants to be “the Amazon of assets” and list every legal crypto asset out there. The company has outlined two major long-term trends affecting its business. Coinbase Wants to List All Legal Cryptocurrencies Coinbase revealed its plan during the Q2 2021 earnings call Tuesday. CEO Brian Armstrong explained: “We at Coinbase always think about longer-term cycles of crypto … We’re always looking at the long-term trends.” He described two key trends affecting Coinbase. “The first one is that we’re […]

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Mawson Infrastructure Group Buys 17,352 Bitcoin Mining Rigs From Canaan

The Australian bitcoin mining infrastructure provider bought 17,352 Avalon A1166 and A1246 machines from rig maker Canaan. Mawson Infrastructure Group, a bitcoin mining infrastructure and management provider, has announced it purchased 17,352 ASIC bitcoin mining rigs from hardware maker Canaan. The successful deployment of all machines could increase Mawson’s current hashrate capacity by 1,500 petahashes (PH). “Coupled with our extensive power infrastructure across the U.S. and Australia, we look forward to having these units online in late 2021 and early 2022,” said James Manning, founder and CEO […]

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Binance halts KRW pairs amid tightening crypto exchange regulations in Korea

The crypto exchange giant said the decision was part of efforts aimed at proactive compliance with regulatory demands. Binance has halted Korean won (KRW) trading pairs as part of a raft of changes to its operations in South Korea. In a notice issued on Friday, the crypto exchange giant announced the discontinuation of KRW trading pairs as well as KRW payment options on its service. Other features discontinued include Korean language support on its website and merchant applications for peer-to-peer transactions in South Korea. As part of […]

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Musician sells rights to deepfake her voice using NFTs

“Creating work with the voices of others is something to embrace,” said Holly Herndon. American musician and composer Holly Herndon seems to be capitalizing on the principle of deep-fake technology by allowing fans to use a digital version of herself to create original artwork they can then sell. According to a Thursday announcement from Herndon on Twitter, users who want to make their own deepfakes using the musician’s unique voice and image will have the opportunity to sell their minted creations using nonfungible token, or NFT, marketplace […]

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Southeast Asia’s Largest Bank DBS Expands Crypto Business to Meet ‘Growing Demand’

DBS, Southeast Asia’s largest bank, has announced a series of milestones for its crypto business. Its brokerage arm has obtained preliminary approval from the Monetary Authority of Singapore (MAS), Singapore’s central bank, and its crypto exchange will start operating 24-7 to meet the growing demand for cryptocurrency. DBS Sees ‘Keen Interest Among Asset Managers and Corporates’ for Cryptocurrencies Southeast Asia’s largest bank, DBS, made several announcements Thursday. Firstly, the bank’s brokerage arm, DBS Vickers (DBSV), “has received in-principle approval from the Monetary Authority of Singapore (MAS) under […]

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President of Argentina Open To Adopting Bitcoin As Legal Tender

Alberto Fernandez, President Of Argentina, Is Open To Adopting Bitcoin As Legal Tender To Fight Inflation. This week Alberto Fernandez, President of Argentina, suggested he was open to adopting Bitcoin as legal tender to fight inflation. The comments were made during a local television interview aired by Filo News. During the interview Fernandez was amenable to the idea of Bitcoin becoming legal tender and taking on a larger role in Argentina’s economy. When asked whether Argentina would follow the path of El Salvador in terms of Bitcoin […]

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