Hackers have stolen more than $600 million in cryptocurrencies from a gaming-focused blockchain in a heist described as “one of the bigger hacks in history.” The hackers made off with millions of dollars worth of Ethereum and USD Coin from Ronin, the blockchain underlying the popular crypto game Axie Infinity, developed by Vietnamese studio Sky Mavis….
Hackers Steal Over $600 Million in Cryptocurrency From Ronin Blockchain Network
Australian Government To Approve Cryptocurrency Platforms
The Australian government has set its sights on the country’s cryptocurrency market in what is expected to be one of the most significant sets of reforms to the country’s payment system in over 25 years. The government is now seeking industry feedback to develop a “tick of approval” for cryptocurrency exchanges—the platforms responsible for connecting…
‘Crypto Winter’: Ethereum Co-Founder Vitalik Buterin Celebrates Bear Market
The cryptocurrency sector enduring a potential bear market is welcoming news, says Vitalik Buterin, the co-founder of the Ethereum blockchain. Speaking in a recent interview with Bloomberg, Buterin purports that the industry would benefit from entering another “crypto winter.” So far this year, token prices have experienced an immense slide. “The people who are deep…
Celsius CEO Says Bitcoin May Crash Ahead of Massive Rally, Ethereum Heading to New All-Time High
Alex Mashinsky, CEO of crypto lending platform Celsius, says that Bitcoin could fall by up to 20 percent from the current price before surging higher. In a recent interview, Mashinsky said that Bitcoin could follow past precedents and surge by around four times over current levels, after testing the critical support level. “If Bitcoin does what it…
The ‘Death’ of Bitcoin, Ethereum? Why These Analysts Think a 50 Percent Downturn for Crypto Can Be Shrugged Off
Loup Funds analysts Gene Munster and Dough Clinton—touching upon the recent cryptocurrency crash that plummeted valuations of Bitcoin and Ethereum—said that “crypto is here to stay.” What Happened In a recent discussion, Munster noted that the downturn in the prices of Bitcoin was sharper compared with the tech-stock-heavy Nasdaq. Munster said the volatility in cryptocurrencies “scares…
How Did Ethereum’s Vitalik Buterin Vaporize $6.7 Billion Worth of Shiba Inu?
Vitalik Buterin, the co-founder of the Ethereum blockchain, recently described how he burned close to $6.7 billion in Shiba Inu. During a recent interview on the UpOnly Podcast, Buterin said that in May 2021 anonymous developers sent him 505 trillion SHIB tokens, which were worth $8 billion at the time. According to Buterin, the developers did this because…
Crypto Markets’ Downward Slide Continues, Bitcoin Loses 37 Percent Value
Bitcoin is trading below $43,000, after a significant fall Thursday, in the midst of a broader decline across markets, following the news on Federal reserve tightening monetary policy shifting investors away from riskier assets like stocks and cryptocurrencies. Bitcoin has touched a new low since September, as the world’s largest cryptocurrency with a market capitalization…
Cryptocurrency Now in the Sights of Australian Regulators
December 16, 2021
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The Australian government has given an ear to the cryptocurrency industry and appointed a new committee that will oversee the development of long called for regulation in the sector which is worth trillions of dollars globally. More than 800,000 Australians have already made crypto transactions over the last three years—a figure growing at an accelerated…
Cryptocurrency Executives Demand Custom-Made Regulations for Industry
December 9, 2021
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Executives of six cryptocurrency companies urged Congress on Wednesday to clarify regulations, relax restrictions, and bring about tailor-made legislation for the booming $3 trillion sector. Washington is still figuring out how to manage the decade-old digital asset market in which almost 16 percent of Americans have made at least one transaction. A partisan divide was…
Ethereum Classic Follows Bitcoin, Decouples From Ethereum: What’s Next for the Crypto?
Ethereum Classic suffered a steep 23 percent flash crash on Saturday in sympathy with Bitcoin and Ethereum, which fell about 15 percent and 21 percent, respectively, during the same time period. While Ethereum has erased all of the losses from that day, Ethereum Classic and Bitcoin have failed to meaningfully rebound and both have settled…
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