PayPal Ventures Leads $52M Round for Crypto Firm Magic
The startup offers non-custodial wallet infrastructure for an enterprise client list that includes Macy’s and Mattel. Original Source
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Leads
Borderless Capital Leads Wormhole-Powered $50M Cross-Chain Fund
Among the other investors are Jump Crypto, Arrington Capital, the Solana Foundation and Aptos Labs. Original Source
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Japan leads world in losses from North Korean crypto hacking with 30% of total: Report
Japan is the biggest loser of cryptocurrency to North Korean hackers, according to a study by blockchain analyst Elliptic. Asian countries make up three of the four top targets for the so-called Hermit Kingdom’s hackers, Elliptic found.The study, commissioned and reported on by Japanese financial publication Nikkei, looked at losses
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Block Demand Leads to Fee Spike as Bitcoin-Based Memecoins Flourish
Over 11,000 tokens have been issued and traded on the Bitcoin network, data shows. Original Source
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State of US’ crypto regulations, more hacks and rug pulls as PEPE leads the meme coin charge
Following a calm week, there were more regulatory actions, especially in the United States. Meanwhile, more hacks and rug-pull spilled over from the previous week. The buzz surrounding meme coins, fueled by the success of PEPE, created an opening for malicious actors who sought to exploit investor enthusiasm. Crypto mining regulations On
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Defi Market Holds Steady at $49.31 Billion TVL, Lido Finance Leads the Pack With 24.82% Share – Defi Bitcoin News
Since April 18, 2023, the total value locked (TVL) in decentralized finance (defi) has been fluctuating just below the $50 billion threshold. As of today, the TVL amounts to $49.31 billion, registering a 1% increase within the last 24 hours. TVL in Defi Shows Signs of Improvement, Yet to Surpass Previous
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PacWest Leads Crash in Banking Stock Falling 28% as Others Follow Suit
PacWest and Western Alliance banks recorded heavy losses on Tuesday as the market is still reeling from problems caused by recent collapses. Shares of bank holding company PacWest (NASDAQ: PACW) led a heavy crash in bank stocks on Tuesday. The stock tumbled nearly 28% as the general banking clime continues to
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Bitcoin Inches Toward $29K; Cardano Leads Gains Among Crypto Majors
Total market capitalization has risen 4.1% in the past 24 hours on expectations of Fed easing, some investors said. Source
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Kraken Leads Ether Unstaking Parade, Makes up 62% of Exit Queue
“The complaint alleges that Kraken touts that its staking investment program offers an easy-to-use platform and benefits that derive from Kraken’s efforts on behalf of investors, including Kraken’s strategies to obtain regular investment returns and payouts,” the SEC said in a release from February. Source
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SushiSwap approval bug leads to $3.3 million exploit
A bug on a smart contract on the decentralized finance (DeFi) protocol SushiSwap led to over $3 million in losses in the early hours of April 9, according to several security reports on Twitter. Blockchain security companies Certik Alert and Peckshield posted about an unusual activity related to the approval function
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