News
Axie Infinity Bridge Hacked: $600M Stolen
Details of the Breach The Ronin Network team disclosed that the attack exploited Axie DAO and Sky Mavi’s Ronin validator nodes on March 23, 2022. The attacker forged fake withdrawals using compromised private keys. The breach came to light when a user reported...
Ethereum Reaches ATH: What’s Next for ETH?
Ethereum’s New Highs and Subsequent Corrections Cryptocurrencies have experienced significant volatility over the past year, with Bitcoin’s dramatic surges and corrections. Ethereum has mirrored this pattern, reaching a recent ATH. Ranked among the top 4...
Change BTC Code Campaign Gains Momentum for 99% Energy Reduction
What is the Proposal of the Group? Greenpeace is among the key participants in the campaign, and it has cited concerns that bitcoin miners have an incentive to increase their hash rate. The company notes that bitcoin miners have a vested interest in maintaining the...
22% of African Americans Now Hold Cryptocurrencies
What Drives African American Investors to Choose Cryptocurrencies Over Traditional Stocks Cryptocurrency investments among people of color have surged to 44%. These investors are typically young, diverse, and motivated by financial inclusion and economic...
Crypto Exodus Looms in U.K. Ahead of FCA Deadline
The FCA has a firm stand on crypto regulation amid the retail investors’ spike for digital assets. There are only 33 firms that have achieved permanent registration with the FCA. Britain’s financial authorities, such as the Bank of England, scrutinize the sector to...
El Salvador Purchases 420 Bitcoins at $60K Each
Adding to the bag As of August 26th, 2021, MicroStrategy had 108,992 BTC acquired at a buying price of $2.91 billion, or an average rate of $29,769 per BTC. Currently, the company owns almost 0.58 percent of the bitcoin supply, valued at $5.08 billion. In this...
Cryptocurrency Regulations Evolve Post-U.S. Executive Order
1. The White House and Cryptocurrency Regulations President Joe Biden has acknowledged the transformative potential of cryptocurrencies and issued an Executive Order directing federal agencies to assess their risks and benefits. The initiative aims to create a...
MicroStrategy’s Bitcoin Holdings Reach 114,042: What’s the Strategy?
Expanding the Holdings As of August 26, 2021, MicroStrategy had amassed 108,992 BTC at a purchase price of $2.91 billion, with an average acquisition rate of $29,769 per BTC. The company’s holdings represent about 0.58% of the total Bitcoin supply, valued at $5.08...
Bitcoin Outperforms Coinbase Stock by 20% Since IPO
Challenges Faced By Coinbase Coinbase has faced stiff competition from crypto-based ETFs, mining stocks, and other crypto-enabled firms listed on Wall Street. This increasing competition has reduced Coinbase's appeal as a primary property for crypto exposure....
Madeira Property Worth €4M Purchased with Cardano
Prometheus International Properties is a real estate agency that specializes in luxury properties. The company focuses mainly on selling villas, houses, and plots of land to investors from all over the world. The agency announced that it had completed the sale of...
Will Floridians Be Able to Pay State Taxes with Crypto?
Support from Miami Mayor Francis Suarez Miami’s Mayor Francis Suarez has been at the forefront of the crypto movement in Florida. He not only advocated for digital assets but also opted to receive his salary in Bitcoin. Miami even launched its state token,...
Matt Damon Becomes the Face of Crypto.com Marketing Campaign
Enter the World of Crypto.com Crypto.com is a cryptocurrency exchange with a plan to put cryptocurrency in every wallet. They support trading, investing, wallets, NFTs, and much more. While many exchanges were willing to let people turn to crypto in their own time,...
Do Kwon Announces $3B Bitcoin Purchase for Terra Ecosystem
Do Kwon’s Recent Interview In an interview with Udi Wertheimer, Kwon emphasized Bitcoin’s superiority over other crypto assets, describing it as the best-distributed and most reliable digital asset. He stated that Terra’s Bitcoin reserves would be used by the Luna...
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