Category Archives: Crypto News

Crypto.com breach may be worth up to $33M, suggests onchain analyst

Crypto.com’s loss in the latest security breach might have costed more than the reported $15 million. Onchain analyst claims that Crypto.com’s loss in the latest security breach might have been worth more than the reported $15 million. Pseudonymous ErgoBTC, an on-chain analyst at Bitcoin (BTC) research firm OXT Research, claims that the Crypto.com security breach that was said to have resulted in the loss of 4.6K ETH ($15 million), may be worth up to $33 million. Adding another 444 BTC to the previously reported 4.6k ETH from […]

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SEC Advisory Committee member calls agency to open for public comment on crypto regulation

“This open call for comment is the only way to appropriately crowd source this issue and appropriately develop a digital asset regulation Genesis Block,” said J.W. Verret. Associate law professor and member of the Securities and Exchange Commission’s Investor Advisory Committee J.W. Verret is calling for the government agency to open for public comment in regards to digital asset regulation. In a petition addressed to SEC Secretary Vanessa Countryman, Verret said opening the floor to comments on digital assets could function as a Genesis Block for the […]

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Showtime: NFT tickets take the stage in 2022, connecting artists and fans

NFT tickets are on the rise as artists and fans seek lasting engagement in real life and in the Metaverse through the use of new technology. Nonfungible tokens have proven to be successful across a number of industries. From gaming to high-end luxury fashion, NFT use cases have demonstrated the importance of creating lasting connections between a company or a brand and its users/customers. As such, it shouldn’t come as a surprise that the billion-dollar event-ticketing industry is on its way to being disrupted by nonfungible tokens. […]

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Price analysis 1/19: BTC, ETH, BNB, ADA, SOL, XRP, LUNA, DOT, AVAX, DOGE

Sell pressure on BTC and altcoins is beginning to alleviate, but data suggests that it’s too early to call for a reversal. Bitcoin (BTC) and select altcoins are showing signs of some buying near support levels. According to Arcane Research, the seven-day average real Bitcoin trading volume has dropped to the lowest level since July 2021. During the previous instance, the sharp drop in volume marked a bottom and led to a strong rally from August to October 2021. However, Bloomberg Intelligence senior commodity strategist McGlone warned […]

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THORChain brings DeFi yields and swaps to DOGE

Dogecoin users can now swap their favorite memecoin for native BTC, ETH, BNB and stablecoins using THORSwap. Cross-chain liquidity network THORChain has enabled support for Dogecoin (DOGE) — bringing a new suite of decentralized finance (DeFi) capabilities to the popular memecoin. Beginning this week, users have the ability to swap DOGE or earn yields on their DOGE holdings using THORSwap, a non-custodial decentralized exchange. In practice, this means users can swap DOGE for native assets such as Bitcoin (BTC), Ether (ETH), Binance Coin (BNB), Litecoin (LTC) and […]

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Bitcoin’s transition to a risk-off asset will propel it to $100K in 2022, says Bloomberg analyst

Mike McGlone, senior commodity strategist at Bloomberg, is convinced that Bitcoin’s transition to digital gold will propel it to new all-time highs in 2022. Bloomberg analyst Mike McGlone is convinced Bitcoin is on track to reach $100K in 2022, as it completes its transition from a risk-on to risk-off asset.  While the Fed is planning to raise interest rates to fight inflation, risk-on assets like crypto may suffer, as people would likely prefer to invest in fixed-income assets like bonds. While this trend may represent a short-term […]

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Smart contracts can redefine business — But this doesn’t imply wide openness

While big businesses may be exploring blockchain and smart contracts, retail investors should not get their hopes for entering too high. In his monthly crypto tech column, Israeli serial entrepreneur Ariel Shapira covers emerging technologies within the crypto, decentralized finance and blockchain space, as well as their roles in shaping the economy of the 21st century. The contract, an obligation that party A will do something party B desires at a price both agreed to be fair, is in many ways foundational for a functioning human society. […]

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a16z, Google lead $20M investment in Africa Web3 game publisher Carry1st

According to Alphabet CEO Sundar Pichai, Africa will be home to 300 million new internet users in the next five years. Web3 and social games publisher Carry1st has raised $20 million in Series A funding to further expand product development in Africa — a continent that could become the premier hub for the gaming industry over the next decade.  The investment round was led by Silicon Valley venture firm Andreessen Horowitz, which has been highly active in the blockchain space, with additional participation from Avenir and Google-parent […]

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Astrology charts beat technical analysis: Maren Altman is a star

Are future prices written in the stars? Meet Maren Altman, presciently named for cryptocurrency, who combines astrology and day trading crypto into a winning blend. In 1973, Princeton University professor Burton Malkiel published his book A Random Walk Down Wall Street, in which he famously states that a blindfolded monkey throwing darts at a newspapers financial pages could select a portfolio that would do just as well as one carefully selected by experts. Fast forward to 2013, and Rob Arnott, CEO of Research Affiliates, conducted research mimicking […]

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Crypto IRA iTrustCapital raises $125M, pushes valuation over $1B

The company said it planned to use the funds for expanding its existing product and service line in addition to exploring strategic acquisitions. Cryptocurrency individual retirement account and 401(k) provider iTrustCapital said it had raised $125 million in a growth equity investment, making its valuation reach $1.3 billion. In a Wednesday announcement, iTrustCapital said it had completed a $125 million Series A growth equity investment led by New York-based VC firm Left Lane Capital. The company said it planned to use the funds for expanding its existing […]

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