Tag: Business

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Privacy coins no more? CipherTrace files patents for tracing Monero transactions

The firm claims it will be able to identify XMR used for illicit purposes to support criminal investigations. Crypto analytics firm CipherTrace announced on Friday that it had filed two patents for technology capable of tracing transactions for privacy coin Monero. In a Nov. 20 blog from CipherTrace, the firm stated that the patents would…
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Decentralized insurance protocol Cover holds vote to cover Pickle hack

If the vote passes, the claim will move to a validity committee to approve a possible payout of $340,000. In what might be an important step towards the maturation of the decentralized insurance space, a claim was filed yesterday with DeFi insurance protocol Cover following the $19 million Dai hack of Pickle Finance — and…
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Poker network now gives ‘95% of payouts’ in Bitcoin — around $160M monthly

“We are constantly having to go out and buy Bitcoin,” the Winning Poker Network reports. Winning Poker Network, an online network that supports numerous online poker websites across the world, has reported a surge in demand for Bitcoin payouts.  In an Nov. 19 report from Bloomberg, the CEO behind Winning Poker Network, or WPN, said…
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Ray Dalio admits he ‘might be missing something’ about Bitcoin as it surges past $17K

“If I’m wrong about these things I would love to be corrected,” said Dalio. In a Twitter thread posted on Tuesday, Dalio stated he believed that Bitcoin (BTC) was not an effective medium of exchange nor a store of value due to its volatility. He also asserted that governments could outlaw crypto assets if they…
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Actress Maisie Williams becoming the newest Bitcoiner?

“Join the free folk, long Bitcoin,” said Blockfolio to the Game of Thrones actress. English actress Maisie Williams, best known for her role as Arya Stark in the HBO series Game of Thrones, may be joining the Bitcoin bandwagon. In a Nov. 16 message on Twitter, the actress asked her 2.7 million followers if she…
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Value DeFi protocol hacker flooded with sob stories after returning $95K Dai

“These are all my savings. I hope you can return it to me.” On Nov. 14, an unknown party exploited flash loans via the decentralized finance protocol Value DeFi to the tune of $5.4 million. A number of individuals have received a portion of their stolen funds back, however, after pleading with the hacker using…
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Grayscale’s BCH trust loses $1.6M in value as hard fork begins

Users have sent more than $300M BCH through exchanges since Nov. 1, while assets under management at the crypto fund manager’s Bitcoin Cash Trust have decreased. The value of assets under management for crypto fund manager Grayscale Investments’ Bitcoin Cash Trust has fallen $1.6 million following the announcement that the crypto asset would be forking…
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Travelers can now get US passports in as little as 4 weeks with Bitcoin

“Offering travelers the ability to pay via Bitcoin feels like the right move at the right time.” A California-based visa and passport processing company announced it would be accepting Bitcoin as a form of payment as the U.S. State Department’s operations are beginning to return to normal. According to a Nov. 6 announcement from passport…
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Akropolis DeFi protocol ‘paused’ as hackers get away with $2M in DAI

Blockchain records show the hackers got away with more than $2,051,159 in DAI before moving the funds to a different address. Hackers were reportedly able to exploit savings pools at Gibraltar-based decentralized finance protocol Akropolis, getting away with more than $2 million in stablecoins.  The firm stated on Twitter on April 12 that it had…
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Is this the top? CNBC tips five months of Bitcoin upside

“This is the death knell of Bitcoin. It was fun whilst it lasted. $3K here we come.” A bullish Brian Kelly of CNBC’s Fast Money said today that Bitcoin’s gains may extend to a full year after the halving — which many members of Crypto Twitter immediately took as a major sell signal. In a…
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