Day: May 6, 2022

Crypto mixer sanctioned by US Treasury for role in Axie Infinity hack

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The United States Treasury Department Office of Foreign Assets Control (OFAC) announced Friday that it was sanctioning cryptocurrency mixer Blender.io for its role in laundering proceeds from the hacking of Axie Infinity’s Ronin Bridge. North Korean state-sponsored hackers Lazarus Group have been identified as the perpetrators of the attack.  Treasury Under Secretary for Terrorism and Financial Intelligence Brian E. Nelson said in a statement: “Today, for the first time ever, Treasury is sanctioning a virtual currency mixer. […] We are taking action against illicit financial activity by the DPRK and…

There’s more to NFTs than just PFPs — 5 ways nonfungible tokens will transform society

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The nonfungible token (NFT) sector has undergone a surge in popularity over the past year and a half as projects like Bored Ape Yacht Club and CryptoPunks captured the attention of the general public.  While the idea of fetching a six-figure payday for the latest trending digital art piece has been a major factor in the attention placed on the sector, the truth is that the crypto industry has only scratched the surface of what NFT technology is capable of. Here’s a rundown of some of the next frontiers in…

DeFi protocols lost $1.6B, EU to rethink DeFi approach, and more

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The past week in the decentralized finance (DeFi) ecosystem saw many new developments from an adoption perspective and protocol developments. The European Commission added a new chapter on DeFi, showing the growing impact of the nascent ecosystem, while a county in the United States State of Virginia wants to put its pension fund in a DeFi yield. DeFi exploits became the center of attention again as recent research shows that in the first two quarters of 2022, DeFi protocols have lost $1.6 billion to various exploits. Rari Fuze hacker, who…

Cryptocurrency Mining In ROBLOX | LIVE STREAM

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io ROBLOX Now Has Bitcoin Mining In this live stream I am running around playing this fun little bitcoin mining game I came across are there any other games I should check out? Support is very appreciated to keep the channel alive 🔔Subscribe: 💭Twitter: 💭Discord: 💭Email: RabidGaming7@hotmail.com #ROBLOX #BITCOIN #CRYPTOCURRENCY #GAMING #worldoftanks #wot #tanks #gamers #ArkSurvivalEvolved #ark #Dinosaurs #dinos #gaming #pcgaming ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

Amid crypto hype, Google’s cloud unit creates Web3 team

Google’s cloud unit announced on Friday the formation of an internal team that will build services for blockchain developers and those running blockchain-based applications. This comes amid an explosion of interest, activity and adoption of crypto and Web3 tools from traditional sectors of the economy. Web3 infrastructure of the future Vice president at Google Cloud, Amit Zavery, reportedly told his team in an email on Friday of the aim to make the Google Cloud platform the first choice for developers in Web3. Google Cloud is the company’s suite of cloud…

$100 Billion Wiped in Mere Minutes

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Today the cryptocurrency market experienced a sudden crash, with Bitcoin and Ethereum prices falling. Other major coins also saw a significant fall. Around $100 billion was wiped from the combined value of all cryptocurrencies in just minutes. In the last 24 hours, Bitcoin experienced a 5% decrease. At the same time, the price of the second-largest cryptocurrency Ethereum has decreased by a similar amount. In addition, Ethereum’s rivals Solana, Cardano, and Avalanche, have reduced by around 3%, while Ripple’s XRP and Terra’s luna lead the significant crypto markets lower. Related…

Bitcoin Short-Term Holders Were Behind The Selloff To Below $36k

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On-chain data shows Bitcoin short-term holders seem to have been behind the latest selloff that has taken the price of the crypto below $36k. Bitcoin Investors Holding Coins Aged Between 1 Day And 6 Months Sold Big Yesterday As pointed out by an analyst in a CryptoQuant post, short-term holders seem to have sold the heaviest during the recent selloff. The relevant indicator here is the “exchange inflow,” which measures the total amount of coins moving into exchange wallets. A modification of this metric is the “exchange inflow spent output…