Redditor Andre highlighted the ease with which hackers can use the text prediction feature to drain a user’s funds just by being able to first word out of the BIP 39 list. Seed phrases, a random combination of words from the BIP 39 list of 2048 words, act as one of the primary layers of…
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The EU proposal requiring one to link a self-custodial wallet to their identity fundamentally misunderstands the concept of self-custody. The recent European Union proposal requiring centralized crypto exchanges and custodial wallet providers to collect and verify personal information about self-custodial wallet holders shows the dangers of recycling traditional finance (TradFi) rules and applying them to…
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DeFi investigator BlockSec’s monitoring system detected a loss of more than $80 million — citing the root cause as a typical reentrancy vulnerability. Decentralized finance (DeFi) platform Fei Protocol offered a $10 million bounty to hackers in an attempt to negotiate and retrieve a major chunk of the stolen funds from various Rari Fuse pools…
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The Indian government is exploring “several commercial use purposes and not just financial inclusion” for its central bank digital currency. India’s finance minister clarified that the aim is for the digital rupee, which will be backed by the Reserve Bank of India (RBI), to be issued by 2023. India’s Finance Minister on RBI-Backed Digital Currency…
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Switzerland’s central bank, the Swiss National Bank, says buying and holding bitcoin as a reserve currency is not a problem for the bank. “We can arrange the technical and operative conditions relatively quickly, when we are convinced we must have bitcoin in our balance sheet,” the chairman of the Swiss central bank reportedly explained. Switzerland’s…
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Investors will be focused on the U.S. central bank this Wednesday as Federal Reserve policymakers are expected to raise the benchmark interest rate aggressively. The top U.S. stock indexes saw significant losses at the end of the week, and the Nasdaq composite saw its worst four-month starting performance since 1971. Crypto markets have had a…
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Coming every Saturday, Hodlers Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more a week on Cointelegraph in one link. Top Stories This Week Elon Musk buys Twitter for $44B crypto industry reacts Eccentric billionaire…
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Crypto thought leaders from major exchanges share insights and analysis on Turkey’s burgeoning cryptocurrency landscape. Turkey is experiencing a resurgence in cryptocurrency interest as major crypto exchanges set foot in the transcontinental country. From demographics to offline marketing to currency depreciation, there is plenty of motivation for the 84 million Turkish people to sign up…
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New DappRadar report provides wide-ranging insights into the performance of the crypto and Web3 space throughout Q1 of 2022. A quantitative analytics report published by DappRadar has unveiled a number of revelatory behavioral market indicators for the global adoption of digital assets. The blockchain data portrays a positive sentiment for the Web3 and metaverse sectors,…
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Web3 is coming. Are you ready for it? Use the newest version of the internet and expand your whole online experience. How to use Minecraft to understand Web3? Minecraft makes the transition from analog block building to an immersive gaming experience rather easy and playful. Users can turn the Minecraft experience into whatever they want…
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