Day: January 19, 2022

Crypto.com breach may be worth up to $33M, suggests onchain analyst

Onchain analyst claims that Crypto.com’s loss in the latest security breach might have been worth more than the reported $15 million. Pseudonymous ErgoBTC, an on-chain analyst at Bitcoin (BTC) research firm OXT Research, claims that the Crypto.com security breach that was said to have resulted in the loss of 4.6K ETH ($15 million), may be worth up to $33 million. Adding another 444 BTC to the previously reported 4.6k ETH from yesterday’s @cryptocom hack. Still no acknowledgement of loss, despite large outflows from the custodial wallet into ETH’s Tornado Cash…

How Bitcoin Could Strengthen From A 10% Correction In The Stock Market

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The party across global market might be coming to an end with Bitcoin positioned to be one of the assets with the potential to come on top. The shift in the U.S. Federal Reserve monetary policy will ripple across the stock market as interest rates spike and they reverse their asset purchase program. Related Reading | TA: Bitcoin Reaches Key Juncture, Why Recovery Won’t Be Easy At least, that’s how Mike McGlone, Senior Commodity Strategist for Bloomberg Intelligence views it. In a recent interview with Scott Melker’s “The Wolf Of…

What It Takes to Be a Content Creator

Each influencer has to present their own unique qualities in order to present fresh perspectives in the saturated influencer market. Chavah, Ya Ya and Samya explain their content niches and preferred platforms. How can influencers remain genuine in an increasingly trend-focused social landscape? Source

SEC Advisory Committee member calls agency to open for public comment on crypto regulation

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Associate law professor and member of the Securities and Exchange Commission’s Investor Advisory Committee J.W. Verret is calling for the government agency to open for public comment in regards to digital asset regulation. In a petition addressed to SEC Secretary Vanessa Countryman, Verret said opening the floor to comments on digital assets could function as a Genesis Block for the SEC to reform its regulations on digital assets. Verret said he was a holder of Bitcoin (BTC), Ether (ETH), and “a number of layer 1 and layer 2 tokens readily…

ETHEREUM 2022 PRICE PREDICTION 🚀

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Today I will give my full and detailed view on Ethereum and why I believe that 2022 will be the year for Ethereum! What could we expect? Why am I so bullish? Find out in this video. ———————————————————————————————————————– ⭐ 24 days of #500KCMGIVEAWAY! ⭐ How to be eligible? – Fill the Google form (only once) ➡️ ⬅️ – Follow @CryptoMichNL and @eight_global on Twitter How to enter? Starting from the 1st to the 24th of December, this account @CryptoMichNL will announce the…

Google Hires PayPal Veteran as Part of Crypto Push

Goldberg’s hire is part of a broader strategy for the company to incorporate a wider range of financial services, including cryptocurrencies, Google’s president of commerce, Bill Ready, told Bloomberg. Google has historically avoided offering crypto as part of its financial services. Source

The Right (and Wrong Way) to Get Web 3 Adoption

Last week, there was a small uproar in the Web 3 world when a new protocol, DeSo, announced an update to its user login flow. Previously, the decentralized media service had asked users to enter their “seed phrase” into the project’s web interface, defying all generally accepted best security practices and drawing criticism across the industry. “Chrome extensions like MetaMask are more secure, but most mainstream users will never install them. Instead of yelling at our users about security best practices, we did something radical: We met them where they…

NFT tickets take the stage in 2022, connecting artists and fans

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Nonfungible tokens have proven to be successful across a number of industries. From gaming to high-end luxury fashion, NFT use cases have demonstrated the importance of creating lasting connections between a company or a brand and its users/customers. As such, it shouldn’t come as a surprise that the billion-dollar event-ticketing industry is on its way to being disrupted by nonfungible tokens. Specifically, the online event-ticketing sector — which is expected to reach $60 billion by 2026 — will likely see an increase in NFT ticket platforms and marketplaces that issue…

THORChain brings DeFi yields and swaps to DOGE

Cross-chain liquidity network THORChain has enabled support for Dogecoin (DOGE) — bringing a new suite of decentralized finance (DeFi) capabilities to the popular memecoin. Beginning this week, users have the ability to swap DOGE or earn yield on their DOGE holdings using THORSwap, a non-custodial decentralized exchange. In practice, this means users can swap DOGE for native assets such as Bitcoin (BTC), Ether (ETH), Binance Coin (BNB), Litecoin (LTC) and stablecoins such as Tether (USDT), USD Coin (USDC) and Binance USD (BUSD). All swaps between THORChain assets, including DOGE, can…