Tag: bitcoin trader

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CBDC Could Be ‘Holy Grail’ of Cross-Border Payments, ECB Says, Sees Bitcoin as Less Credible

August 4, 2022

Several solutions can potentially improve cross-border payments significantly and central bank digital currency (CBDC) could be the “holy grail,” according to the European Central Bank (ECB). In a new report, the eurozone’s monetary authority also claims stablecoins, among other options, are “problematic.” ‘Holy Grail’ of Cross-Border Payments in Reach Through CBDC, European Central Bank Insists…
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ENS Domain Registrations Skyrocketed Last Month, Total Names Created Nears 2 Million

August 4, 2022

The number of Ethereum Name Service (ENS) domains is nearing the two million mark as 1,888,209 ENS names have been etched into the Ethereum blockchain to date. The project recently detailed that July saw the largest monthly rise in revenue scoring 5,400 ether worth roughly $2.48 million during the course of the month. ENS Registrations…
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Study: Nigeria Most Crypto-Obsessed English Speaking Country Globally

August 4, 2022

A new study has ranked Nigeria as the country most curious about cryptocurrency post the April crypto market crash. The same study findings show Kenya as the second-highest ranked African country. According to Bobby Ong, co-founder of Coingecko, the countries topping the list seem more interested in buying the dip and this highlights “their long-term…
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National Power Administration Will Propose a Special Cryptocurrency Mining Fee in Paraguay

August 4, 2022

The National Power Administration of Paraguay has proposed to set a special mining fee for cryptocurrency mining operations in a decree project directed to the national economic team. Due to the immense losses the organization has faced, it has stopped supplying energy to some mining operations that were evading the payment of power bills, being…
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Solana Blames Slope Wallet for Hack While Slope Says that ‘Nothing is Yet Firm’

August 4, 2022

The team behind the Solana (SOL) blockchain has tied the widespread hack that affected over 8,000 wallets and resulted in the loss of over USD 8m worth of funds to the closed-source Slope wallet. “After an investigation by developers, ecosystem teams, and security auditors, it appears affected addresses were at one point created, imported, or…
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Bitcoin and Ethereum Look for Direction, BNB Accelerates 

August 4, 2022

Bitcoin price climbed higher and broke the USD 23,200 level, but struggled to clear the USD 23,500 resistance and corrected lower. BTC is currently (03:52 UTC) trading just below USD 23,100 and is up almost 1% in a day and a week. Similarly, most major altcoins are eyeing more upsides. ETH climbed above USD 1,650…
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$2B in crypto stolen from cross-chain bridges this year: Chainalysis

August 4, 2022

The $190 million Nomad Bridge exploit is just the latest out of 13 separate bridge attacks in 2022 so far. Cross-chain bridge hacks have accounted for 69% of the total crypto stolen in 2022, amounting to $2 billion in losses, according to a new report.  The report comes from blockchain analytics firm Chainalysis on Aug.…
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Bitcoin may behave more like US Treasury bonds: Bloomberg Intelligence

August 4, 2022

Bitcoin markets will behave more like that of Treasury bonds and gold during market recovery, said the analysts. The latest crypto market research from Bloomberg Intelligence suggests that Bitcoin may start to behave more like United States (U.S.) Treasury bonds and gold, rather than stocks. In its August Crypto Outlook report, penned by Senior Commodity Strategist…
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After four years, Japan brings back its first crypto ATM

August 4, 2022

Local exchange Gaia Co. is set to roll out crypto ATMs in Tokyo and Osaka and has outlined plans for 130 of them over the next three years. Crypto ATMs — or BTMs as per local terminology — are back in Japan after a lengthy four-year hiatus. Local crypto exchange firm Gaia Co., Ltd announced…
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Major hacks in play-to-earn crypto games a ‘matter of time’ — Report

August 4, 2022

According to a cybersecurity auditing firm, GameFi projects are putting “profits above security” and pose a great risk to the projects and its users. “Unsatisfactory” cybersecurity measures among play-to-earn (P2E) crypto games pose a great risk to GameFi projects and their gamers alike, warns blockchain cybersecurity auditor Hacken. In an Aug. 1 report shared with…
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