Cryptocurrency Analysis and News Portal
Crypto.com has revealed that 483 user accounts were compromised in the recent hack that resulted in unauthorized withdrawals of about $34 million in cryptocurrencies, including bitcoin and ether. Nonetheless, the company stressed that customer funds were never at risk. Crypto.com’s Hack Postmortem and CEO’s Comments Crypto.com revealed Thursday the number of users
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In a report published on Thursday, the Central Bank of Russia has called for a blanket ban on domestic cryptocurrency trading and mining.The report titled "Cryptocurrencies: Trends, risks, measures" compares cryptocurrencies to a Ponzi scheme and calls for a complete ban on their use throughout Russia. The authors claim that
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The community behind EOS is looking to right itself by renewing tech ties with the network’s OG developer, Dan Larimer, who has engineered a “Mandel” hard break from the company that insiders say “burned” its $4 billion blockchain darling.Larimer, who quit Block.one – EOS’s now-estranged mother company – last January,
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It doesn’t come as a surprise to many as Islamic societies are known to label cryptocurrency trading as a form of “Haram”. Many Islamic organisations in the past have condemned the trading of digital assets such as cryptocurrency and even non-fungible tokens. Recently, the Tarjih and Tardid Council of Muhammadiyah
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The competition among the computing networks is warming up, with decentralized players coming into the stage with backing from the crypto ecosystem.Decentralized storage and computing network Aleph.im completed a $10 million funding round led by Stratos Technologies. Zeeprime, NOIA Capital, Theia, Bitfwd Capital have contributed to the funding, among others.
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Staking platform Stader Labs announced Thursdsay it has closed a $12.5 million private sale led by Three Arrows Capital, valuing the Bangalore-based company at $450 million.Staking is part of the consensus mechanism of Proof-of-Stake (PoS) protocols. Instead of relying on computers solving arbitrary mathematical problems to validate transactions on the
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"I've asked staff to look at every way to get these platforms inside the investor protection remit," he said.Jan 20, 2022 at 12:52 p.m. UTCUpdated Jan 20, 2022 at 1:12 p.m. UTCGary Gensler, Chair of the U.S. Securities and Exchange Commission. (Evelyn Hockstein-Pool/Getty Images) Source
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Interest in crypto continues to grow as Americans show their excitement in the future of digital assets. The first annual Crypto Confidence Survey published by publicly-traded cryptocurrency platform Voyager Digital examined Americans’ experiences with crypto and their perspectives on how crypto will perform in 2022.The report shows many positive sentiments.
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The Gemini Dollar (GUSD) is a stablecoin pegged to and backed by US dollars held in FDIC-insured bank accounts. The funds held in reserves are routinely audited by the accounting firm, BPM LLP.GUSD was created by cryptocurrency exchange Gemini, which was founded by Cameron and Tyler Winklevoss in 2014. Gemini
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Mining creates fresh supply of cryptocurrencies, so it stimulates the demand for other crypto services such as exchanges and "creates a non-productive electricity expenditure, which undermines the energy supply of residential buildings, social infrastructure and industrial objects, as well as the environmental agenda of the Russian Federation," the report said. Source
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