Day: February 22, 2022

Komodo Reformed Amid Market Gloom

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Despite a nearly global market dip, the Komodo token’s price jumped as news broke that the project would soon add support for more than a dozen blockchains. The company has plans to launch a new collection of NFTs. With cross-chain bridges, we can communicate between blockchains more efficiently. However, this creates vulnerabilities that need to be addressed for them not to pose any harm or exploitations on the networks they link up with.  The hack of Wormhole Bridge linking Ethereum and Solana is one example of a vulnerability because it…

Luna Foundation Guard raises $1B to form UST reserve denominated in Bitcoin

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The nonprofit organization focused on the open-source stablecoin network behind Terra USD, Luna Foundation Guard, has closed on a $1 billion raise through the sale of LUNA tokens. In a Tuesday tweet, Terra said Jump Crypto and Three Arrows Capital led the $1 billion round with participation from DeFiance Capital, Republic Capital, GSR, Tribe Capital and others. The platform said proceeds from the sale — $1 billion — would “go towards establishing a Bitcoin-denominated Forex Reserve for UST,” a stablecoin in the Terra ecosystem. 1/ The long awaited [REDACTED] 3 is…

‘Frozen’ Bitcoin Tied to Canadian Protests Lands at Coinbase, Crypto.Com

On Feb. 16, Tim Pastoor, a digital identity researcher in the Netherlands, tweeted a video of a person coming up to a truck and handing a large paper envelope to the driver, saying it contained “some sats” – slang for “satoshis,” small fractions of bitcoin. “Eight grand of bitcoin in there,” says the donor, who then explains the envelope contains the recovery phrase for a software wallet containing bitcoin along with a set of instructions. Source

Crypto investors are seeking citizenship through investment abroad

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io #Crypto #Citizenship #Bitcoin Armand Tannous, VP of Apex Capital Partners North America & Latin America, joins Yahoo Finance Live to discuss citizenship by investment programs in Caribbean countries that offer golden visas and insight on the application process. Don’t Miss: Valley of Hype: The Culture That Built Elizabeth Holmes WATCH HERE: Watch the 2021 Berkshire Hathaway Annual Shareholders Meeting on YouTube: Subscribe to Yahoo Finance: About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international…

Journalist Claims She Identified the 2016 DAO Hacker, Evidence Shows Investigators ‘De-Mixed’ Wasabi Transactions – Bitcoin News

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An article published by journalist Laura Shin, and research stemming from the blockchain surveillance firm Chainalysis, claims to identify the alleged identity of The DAO hacker who drained millions of dollars worth of ethereum from the decentralized autonomous organization on June 17, 2016. Shin’s and Chainalysis’s findings accuse the former Tenx CEO, Toby Hoenisch, of being behind the $60 million hack that saw the loss of 3.6 million ether, which is now worth close to $10 billion using today’s exchange rates. Uncovering the 2016 Genesis DAO Hack In the summer…

Analysts say Bitcoin ‘bottom is in’ as BTC bounces back to $38,000

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The ongoing tensions between Russia and Ukraine continue to be the dominant news story on Feb. 22 as Bitcoin (BTC) and the wider global financial tremble under the pressure as the world awaits some form of resolution to the matter.  Data from Cointelegraph Markets Pro and TradingView shows that the price of BTC has traded in a range between $36,360 and $38,330 on Tuesday as a swirl of positive and negative developments sent mixed signals to traders who base their trading activity on news headlines. BTC/USDT 1-day chart. Source: TradingView…

London Stock Exchange acquires cloud-based technology provider Tora in $325M deal

On Tuesday, London Stock Exchange Group, or LSEG, announced the acquisition of U.S.-based cloud technology provider Tora for $325 million; the deal is expected to close in the second half of the year. Tora offers software trading solutions for customers exposed to stocks, forex, fixed income securities, derivatives, and cryptocurrencies. In justifying the acquisition, LSEG specifically outlined the importance of the latter: “The addition of digital assets to LSEG’s trading capabilities strengthens its presence in this rapidly expanding asset class at a time when institutional market participants are increasing exposure…