Author: Donald Munn
The sensational cryptographic hack targeted a blockchain network that supports popular GameFi Axie Infinity. The hackers escaped with around $625 million worth of Ethereum and USDC. Multi-million dollar hack involving the Axie Infinity game The recent hack of the popular DeFi game Axie Infinity may be considered one of the largest cryptocurrency thefts in the history of cryptocurrencies, and certainly the largest against decentralized finance. According to initial findings from the ongoing investigation, the hacker used hacked private keys to forge withdrawals from the Ronin Bridge, stealing 173,600 ETH and $25.5 million in USDC. The hackers breached the cybersecurity of…
Bitcoin Analysis Bitcoin’s price managed to again close marginally in green figures for the eighth consecutive day and finished its daily session +$319 on Tuesday. The BTC/USD 4HR chart below from Bearkiller84 shows BTC’s price trading between the 0.786 fibonacci level [$45,874.65] and 1 [$48,254.59]. Bullish BTC market participants are taking aim at the 1 fib level followed by 1.618 [$55,127.50], and 2 [$59,375.80]. From the perspective of bearish BTC traders, they’re looking to retest 0.786. If they’re successful and crack 0.786 to the downside the next level that bearish traders are taking aim at is 0.618 [$44,006.28]. The third…
The mass adoption of Bitcoin seems to be getting closer and closer, which is probably why attacks against the first cryptocurrency have been intensifying lately. The idea of the CTO of Bitfinex and Tether regarding the mass adoption of Bitcoin This is speculated by the CTO of Bitfinex and Tether, Paolo Ardoino, in a tweet published today. #bitcoin is the hill on which many are ready to die.We're really close to multiple nations adopting bitcoin, so attacks are obviously intensifying. — Paolo Ardoino (@paoloardoino) March 30, 2022 Ardoino says that Bitcoin is now “the hill on which many are ready…
Satoshi Island, the private cryptocurrency island, has announced that it has received approval for its crypto project directly from Bob Loughman, the Prime Minister of Vanuatu. Satoshi Island and the approval of Vanuatu’s pro-crypto leader Satoshi Island is the crypto project in the South Pacific that announced it has received the blessing directly from Vanuatu’s leader, Prime Minister Bob Loughman. We are excited to announce that we have received an official endorsement from the Prime Minister of Vanuatu, cementing the government’s support for the project and inviting our community to their new home! #NFTs #crypto #satoshiisland Learn more https://t.co/fBoLt283xt —…
Cryptocurrencies, thanks to their characteristics of disintermediation as well as fast and secure transactions, have shown how they can be a real lifeline even in war situations. Cryptocurrencies help Ukraine in war with Russia Two days ago, Ukraine’s Ministry of Technological Innovation announced that cryptocurrency donations had exceeded $100 million. This fact convinced the Ukrainian authorities to hurriedly pass a law making transactions and circulation of cryptocurrencies legal in the country, the first case in Europe. The deputy minister of digital transformation, Alex Bornyakov, hinted that this could be just the first step towards a transformation along the lines of…
Chicago’s stock exchange, the CME, announces two new one-tenth crypto derivative products on Bitcoin (BTC) and Ethereum (ETH): micro options The Chicago CME announces new micro options with underlying Micro Bitcoin and Ethereum futures The Chicago Mercantile Exchange (CME) is a Chicago-based exchange with now the world’s largest exchange of options and futures contracts. It is famous for being the first Western exchange in the world, along with the CBOE, to launch Bitcoin futures contracts in December 2017. It has also been very active in crypto derivatives for some time now, so much so that the only Bitcoin ETFs approved…
New ETPs (exchange-traded products) issued by London-based WisdomTree on Börse Xetra and the Swiss SIX exchange. New financial instruments in the crypto world: ETPs for Solana, Cardano and Polkadot WisdomTree has announced the launch of new ETPs on Solana (SOL), Cardano (ADA) and Polkadot (DOT). WisdomTree is a London-based company that manages both ETPs (exchange traded products) and ETFs (exchange traded funds), and has chosen to expand its range with new physically replicated products on some of the major cryptocurrencies. The new ETPs are SOLW (WisdomTree Solana), ADAW (WisdomTree Cardano) and DOTW (WisdomTree Polkadot) and are listed on Börse Xetra…
Demand for Cardano (ADA) from institutional investors is growing. This is suggested by the high volume of transactions with amounts in excess of $100,000. Cardano, growing adoption by institutional investors According to data from IntoTheBlock, shared by Charles Hoskinson, transactions over $100,000 have increased 50-fold in 2022 alone. @Cardano is experiencing increasing institutional demand The volume of on-chain transactions >$100k has increased by 50x just in 2022 Yesterday, a total of 69.09b $ADA were moved in these large transactions, representing 99% of the total on-chain volumehttps://t.co/8ME8STvRSF pic.twitter.com/aqH7hYIPiV — IntoTheBlock (@intotheblock) March 29, 2022 Looking at yesterday alone, there were volumes…
If the SEC refuses to approve its ETF on spot Bitcoin, Grayscale says it is also ready to sue. A final decision is expected by 6 July, but for now there doesn’t seem to be much hope. Grayscale ready to fight the SEC over the approval of its ETF This is revealed by Bloomberg citing Grayscale CEO Michael Sonnenshein. Grayscale has long been trying to convert its GBTC fund (Grayscale Bitcoin Trust) into a full-fledged ETF, but the SEC is opposed. The opposition from the US stock exchange regulator specifically concerns the fact that it would be an ETF based…
Coinbase appeals to its EU users to take action against a new crypto regulation being worked on by the European Parliament. Changes to the crypto regulation in the EU, what changes for Coinbase In the email received by users, Coinbase informs that the latest changes to crypto regulation in Europe could change the exchange’s relationship with its customers. Specifically, the AML regulation on transferring funds to prevent money laundering is being particularly punitive towards cryptocurrencies rather than fiat currencies. The problem reported by Coinbase concerns all transactions above €1,000. In practice, if the change is approved, Coinbase would have to…