Uncategorized Archives - Page 20 of 136

MondayJun 17, 2024 9:00 am

Lykke Confirms Platform Was Breached, $22M in Crypto Assets Stolen

Crypto exchange Lykke announced on June 10, 2024,that it had experienced a security breach, leading to the theft of digital assets worth $22 million. Lykke assured its users that despite the breach, their funds were safe, and the compromised systems were immediately shut down to prevent further damage. The UK-based exchange disclosed that the attack took place on June 4. It emphasized that client funds were secure and that efforts were underway to recover the stolen assets. Lykke communicated via the social media platform X, explaining that it had shut down the affected systems to minimize the damage and was…

FridayJun 14, 2024 9:00 am

Trump Reaffirms His Support for Crypto at a Fundraising Event

Former President Donald Trump is ramping up his advocacy for cryptocurrency as a key element of his 2024 presidential campaign, expressing his ambition to become the “cryptocurrency president.” According to reports, Trump declared his plan to be the cryptocurrency president on June 7, 2024, during a San Francisco fundraiser organized by David Sacks, a general partner at Craft Ventures, along with Chamath Palihapitiya, a tech billionaire. The event raised $12 million to bolster Trump’s campaign efforts ahead of the Nov. 5, 2024, presidential election. During the event, Trump reaffirmed his commitment to advancing the cryptocurrency industry. He contrasted his stance…

WednesdayJun 12, 2024 9:00 am

Tumble in Cryptocurrency Market Is Minor Correction, Bullish Action Expected

On June 7, 2024, the cryptocurrency market, including Ether, Bitcoin and various altcoins, saw a decline following better-than-expected employment data released in the United States. Despite this drop, traders are optimistic that this is merely a temporary setback before the market resumes its upward trend. Renowned cryptocurrency trader il Capo of Crypto expressed its opinions to its more than 848,000 followers on X, characterizing the state of affairs as a robust sell-off consolidating support levels, with altcoins bearing the brunt of the losses. The trader suggested that this event appears to be a “shakeout,” a term used when many investors…

TuesdayJun 11, 2024 9:45 am

Mining Disrupt Brings the World’s Largest Bitcoin Mining Conference & Expo to Miami

Mining professionals, enthusiasts, businesses, traders, vendors, and investors, are invited to attend the Mining Disrupt Bitcoin Mining Conference (the world’s largest) on June 24-26, 2024, at the Miami Airport Convention Center in Miami. Mining Disrupt has been serving the Bitcoin Mining Industry for years, and their conferences attract attendees worldwide, offering critical education and networking at a global scale. Bitcoin mining professionals will showcase their latest equipment, hardware, products, and services at the Expo. The event offers a larger-than-life platform for mining enthusiasts, newcomers, and startups, to make the world aware of their unique offerings and get viable investors and…

TuesdayJun 11, 2024 9:00 am

Proof Of Talk to Open World-Class Avenues For Web3 Startups And Professionals

Proof Of Talk by Xventures invites C-level executives, professionals, and members of the Web3 community, allied industries, and economists, for two days of first-class networking, discussions, exploration, and collaboration. The event will be held at the prestigious Louvre Palace, offering attendees an unforgettable experience with curated events, gourmet food, and networking among the world-class Web3 community on June 10-11, 2024. The event will host over 2,500 attendees from across the globe looking for the latest innovations and trends in the Web3 world. Experts and participants will navigate the pivotal topics of technology, economics, and policies for a decentralized future. Proof…

MondayJun 10, 2024 4:00 pm

Proof of Talk 2024 Kicks Off in Paris: Uniting Traditional and Decentralized Finance

Paris, France – 10 June 2024 –Proof of Talk, heralded as the Davos of Web3, has officially commenced at the historic Museum of Decorative Arts in the Louvre Palace. The event, which is the brainchild of venture capital firm XVentures, brings together traditional financial institutions and decentralization’s thought leaders, investors, CEOs, founders, and exchanges for two days of impactful networking and thought-provoking discussions. Building on the success of its 2023 edition, Proof of Talk is Europe’s biggest Web3 event. This year’s sold-out edition brings together over 2500 participants and is a star-studded affair with speakers such as: • Dr. Saifedean Ammous Author, Founder…

MondayJun 10, 2024 9:00 am

An Analysis of Mining Opportunities, Challenges After Bitcoin Halving

The Bitcoin halving, which cuts the reward miners receive for adding new coins to the blockchain by one-half, is a crucial aspect of BTC’s deflationary design and affects the broader cryptocurrency market, presenting both opportunities and challenges. The latest halving, which happened in April, reduced the reward from 6.25 to 3.125 BTC. Following the halving, miners experienced a decrease in profit margins. Given the current price of Bitcoin at approximately $68,800, the value of the block reward is around $215,000. This is slightly higher than the value before the halving, when Bitcoin traded closer to $60,000, making the reward worth…

FridayJun 07, 2024 9:00 am

Ethereum ETF Approval Results in $3B Withdrawals from Centralized Exchanges

Ether worth more than $3 billion has been drawn from cryptocurrency exchanges following the U.S. Security Exchange Commission’s approval of Ether spot ETFs last month, signaling an impending supply shortfall. Just prior to the announcement, the regulator initiated talks with possible issuers and later granted approval for multiple 19b-4 forms to list the ETFs. The ETFs weren’t immediately ready for trading, as issuers are required to file their S-1 registration statements weeks before the ETFs can be launched. Analysts predict that the first batch of these ETFs could debut in late June. CryptoQuant data indicates that Ether holdings on exchanges…

WednesdayJun 05, 2024 9:00 am

Biden Vetoes Bill Seeking to Overturn SEC Guidance on Crypto Reporting

President Joe Biden has vetoed a measure aimed at overturning a contentious directive from the U.S. Securities and Exchange Commission (SEC) regarding the accounting practices for companies handling cryptocurrency assets. In a letter addressed to the House of Reps and published on the White House website, President Biden stressed his administration’s commitment to protecting investors and consumers, stating that appropriate safeguards are essential to leveraging the opportunities and benefits of cryptocurrency innovation. The measure in question sought to repeal the commission’s staff accounting bulletin, known as SAB 121, which has been a point of contention within the crypto sector. The…

MondayJun 03, 2024 9:00 am

Fake Google Chrome Extension Leaves Crypto Users Vulnerable

In February, a Binance trader by the handle “doomxbt” uncovered a significant issue when they observed losses amounting to $70,000 due to suspicious activity. The attacker had deposited these stolen funds into SideShift, a crypto exchange driven by artificial intelligence. It was revealed this week that the culprit might be identified, thanks to a phony Aggr app extension that was sold on the Google Chrome store. The fake Aggr software was made to collect all website cookies from users, in contrast to the real Aggr app, which provides expert trading tools, including on-chain liquidation trackers. This made it possible for…