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Cryptocurrency
17 posts
Indian Cryptocurrency Platform WazirX Hit by Security Breach, $234.9 Million Stolen
On Thursday, popular Indian cryptocurrency platform WazirX confirmed that it had been hit by a security breach. $230 million worth of assets have been stolen, which is close to half the platform’s total holding. While it’s still unknown who’s behind the attack, certain industry experts believe that it’s a hacker group affiliated with North Korea.
Cryptocurrency Market Outlook: Cautious Optimism Amidst Consolidation
According to cryptocurrency technical analyst Willy Woo, there are signs that Bitcoin (BTC) inflows may have reached their lowest point, at least for now. This assessment is based on a unique technical indicator that employs the “spin the bottle technique. Specifically, the indicator calculates the signal as the 24-hour simple moving average (SMA) of a random
Is It Wise to Invest in Cryptocurrency?
Cryptocurrency, a form of digital or virtual currency that utilizes cryptography for secure transactions, has gained significant attention and popularity in recent years. With the rise of Bitcoin and other cryptocurrencies, many individuals are considering investing in this new asset class. However, the question remains - is it wise to invest in cryptocurrency?First and foremost
Free Cryptocurrency: Complete Guide to Earning Free Crypto
The last couple of years have marked an increase in the overall public awareness of cryptocurrencies worldwide. In return, a larger number of people have expressed their interest in purchasing or earning digital currencies. While buying your favorite coin via an exchange is likely the easiest way to enter the cryptocurrency market, this industry is
The New Digital Gold Rush: Cryptocurrency Miners Eye AI Horizons
A few years ago, many publicly traded companies significantly transformed their business to capitalize on the growing popularity of cryptocurrency mining. Now, as the profitability of these operations becomes decidedly smaller, they are looking for alternatives and moving towards a new boom. As a result, more miners are beginning to offer access to substantial computing
Cryptocurrency scams: Are Australian banks closing the door on crypto?
Crypto exchanges such as Independent Reserve, BTC Markets and, until recently, Binance Australia, have used Zepto and Monoova to allow customers to move Australian dollars from one bank to the crypto exchange’s bank account.But last week, Zepto asked its crypto exchange customers to declare that they have appropriate controls in place to protect the users
Cryptocurrencies have transformed the financial world by enabling decentralized and secure transactions. However, as the popularity of cryptocurrencies grows, so does the demand for cryptocurrency insurance. In this article, we will look at the benefits and drawbacks of insuring your cryptocurrency assets. What Is the Definition of Cryptocurrency Insurance?Cryptocurrency insurance protects investors against the loss
Cryptocurrency Exchanges Refuse to Freeze Russian Accounts Despite Request by Ukraine
Last week, Ukraine’s vice prime minister Mykhailo Fedorov requested major cryptocurrency exchanges to block addresses of Russian users. However, major cryptocurrency exchanges refused to sanction Russian accounts without a legal order. As the world is watching the Russia-Ukraine war, it’s clear that the west is looking to sanction Russia for its invasion in an attempt…
Cryptocurrency bans fuel US data center construction
Bans on cryptocurrencies overseas have led to a surge of crypto- and Bitcoin-related construction in the U.S., adding more demand in the already booming data center sector, industry sources said. "We see a trend of more Bitcoin mining coming to the United States since they've been closed out of other countries," said Sean Mulligan, director of…
Facebook’s cryptocurrency dream is over before it started
Facebook (now called Meta) wanted to launch its cryptocurrency in the summer of 2019. That’s when it announced the Libra payment initiative. Facebook wanted Libra to be a stablecoin, which is a token that has a stable, predictable value and does not experience volatility spikes like bitcoin and other cryptos. Facebook created a subsidiary and…