Author: admin-crypto

Hackers Steal Over $600 Million in Major Crypto Heist By AFP Hackers stole cryptocurrency worth over $600 million from a digital ledger used by players of the popular online game Axie Infinity, in a major digital cash heist revealed Tuesday. Interest in cyptocurrency has boomed, along with its values, but the money has also become an attractive target for tech savvy thieves. Ronin Network said the attack targeting its blockchain netted 173,600 ether and $25.5 million worth of stablecoin, a digital asset pegged to the US dollar. The haul was valued at $545 million when it was stolen on March 23, but…

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World’s Largest Hedge Fund Invests in Crypto – Report By RT News Ray Dalio’s Bridgewater Associates is reportedly preparing to back its first cryptocurrency fund. Bridgewater Associates, the world’s largest hedge fund with $150 billion in assets, is planning to invest in crypto assets for the first time, CoinDesk reported on Tuesday, citing its sources. Two insiders told the media that Ray Dalio’s company is considering backing an external vehicle that is linked to the price of Bitcoin, while another source said Bridgewater Associates has no current intention of directly investing in crypto assets. Bitcoin broke through the $42,000 mark…

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Jack Dorsey, Block and the Perils of Making Crypto User-Friendly – Opinion By David Z Morris Everyone seems to agree that crypto needs to improve its user experience. But at what cost? Last July, payments startup/giant (can you be both?) Square announced that it would be developing a hardware cryptocurrency wallet. The prospect of a wallet designed by the same folks who build the world’s fastest-growing point-of-sale technology promised exciting advances in ease of use and adoption. And that was months before Jack Dorsey flipped the tech world table by resigning from Twitter to focus on Square (now Block) full time,…

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First Mover Asia: Malaysia May Be Asia’s Next Crypto Hub; Major Cryptos Decline As Russia Onslaught Intensifies By Sam Reynolds, Damanick Dantes, James Rubin The country, where CoinGecko was founded, retains the institutional use of English as well as a common-law court system; bitcoin declined for the third day. Prices: Bitcoin (BTC), ether (ETH) and other major cryptos decline. Insights: Malaysia has the ingredients to become Asia’s next crypto hub. Technician’s take: BTC appears to be oversold on intraday charts, although momentum has weakened. Prices Bitcoin (BTC): $38,311 .2% Ether (ETH): $2,510 -1.7% Top Gainers Asset Ticker Returns Sector Cosmos ATOM +1.8% Smart Contract…

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Binance Founder Says Cryptocurrencies Won’t Help Russia Evade Sanctions By Dan Milmo Trading platform boss says “‘crypto is too small for Russia’ and more focus should be placed on the banking system. The founder of Binance, the cryptocurrency trading platform, has dismissed fears that virtual money could be used by the Kremlin to evade sanctions as he claimed that “crypto is too small for Russia”. Changpeng Zhao said cryptocurrencies also defeated attempts to work around sanctions by being too traceable, adding that more focus should be placed on banks. In a statement Zhao said the media and politicians should be…

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If Ever There Were a Time for Financial Freedom, It’s Now By Michael J. Casey With Ukraine raising money online and Russia shut out of the financial system, crypto’s liberty proposition was put to the test. In years hence, when we look back on how cryptocurrencies became integrated into the global economy, this week may be viewed as a turning point. For one, there was the unprecedented phenomenon of a besieged European government crowdfunding armament procurement with donations from around the world, demonstrating not only crypto’s global capacity for peer-to-peer fund transfers but also the power of decentralized action as…

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First Mover Asia: China To Widen Test of Digital Yuan As Russia Invasion Spotlights Crypto’s Potential Role; Cryptos Decline By Amitoj Singh, Damanick Dantes, James Rubin The country is close to approving trials of the central bank digital currency in a number of cities and regions; bitcoin and ether drop as risk-on appetite fades. Prices: Bitcoin and other major cryptos decline as Russia escalates its attack. Technician’s take: Intraday charts show downside exhaustion, which could encourage short-term BTC buying. Prices Bitcoin (BTC): $42,528 -3.2% Ether (ETH): $2,839 -3.8% Top Gainers Asset Ticker Returns Sector Cosmos ATOM +4.8% Smart Contract Platform Internet Computer ICP +3.0%…

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Ukraine To Issue Non-Fungible Tokens To Fund Armed Forces By Dan Milmo Ukraine has announced it will issue non-fungible tokens to fund its armed forces, as cryptocurrency becomes an increasingly popular means of giving support to the government in Kyiv. Mykhailo Fedorov, Ukraine’s vice-prime minister, said on Twitter on Thursday that the government would soon issue NFTs to help pay for its military. NFTs confer ownership of a unique digital item – with pieces of virtual art proving particularly popular – upon their buyer, even if that item can be easily copied. Ownership is recorded on a digital, decentralised ledger known as a…

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Snoop Dogg’s NFT Mixtape Invites Remixes. Does It Authorize Them? By Will Gottsegen Also, the songs themselves are about NFTs. Fresh from acquiring a majority stake in Death Row Records, the label that made him a star, Snoop Dogg has released a set of songs on the NFT marketplace OpenSea – a marketing play based around rights and remixes. The first new song, “High,” exists as part of a non-fungible token collection called “Dogg on it: Death Row Mixtape Vol. 1” – four distinct audio files, each attached to an image of an NFT from the Bored Ape Yacht Club.…

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Bitcoiners Were Right: Weaponized Finance Just Created a Post-Dollar Planet By David Z Morris A wave of sanctions hitting Russia highlights the complex web of connections that make up contemporary global society – and its ultimate fragility. Vladimir Putin’s Russia is facing a wave of truly unprecedented financial sanctions in retaliation for its widely scorned invasion of Ukraine. The sanctions have suddenly revealed the massive power that lay dormant in the unified global banking system for decades. But it likely also marks the beginning of that power’s end, and the dawn of something more fragmented. Russia’s dependence on systems like…

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