Month: June 2022

White hat hacker attempts to recover ‘millions’ in lost Bitcoin, finds only $105

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Joe Grand, a computer engineer and hardware hacker known by many for recovering crypto from hard-to-reach places, spent hours breaking into a phone only to find a fraction of a Bitcoin. In a YouTube video released on Thursday, Grand traveled from Portland to Seattle in an effort to potentially recover “millions of dollars” in Bitcoin (BTC) from a Samsung Galaxy SIII phone owned by Lavar, a local bus operator. Lavar originally purchased the BTC in July 2016 in a “super sketchy” way, paying a person at a cafe and storing…

Time for Crypto to Make Nice With Regulators

But regulators, working off the old pre-crypto playbook for keeping financial entities in line, instinctively want someone or some entity to be held accountable. That means they can end up favoring the formation of centralized, trusted third parties, the very source of risk, corruption, cost and dependency that cryptocurrency developers have historically sought to replace. If that happens, it would set the industry up for the same “too big to fail” problems that led to the Wall Street collapse of 2008. Source

FTX in Talks to Acquire Part of BlockFi: Report

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Biggest Movers:  XRP up by Nearly 15%, as AVAX Climbs to 12-Day High on Friday – Market Updates Bitcoin News

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XRP rose by nearly 15% during today’s session, climbing to its highest point in over a week in the process. This rise in momentum within the crypto market also saw AVAX hit a 12-day high, following a gain of over 11% on Friday. Bullish pressure in XRP intensified on Friday, as prices rose to their highest point in over a week during today’s session. Today’s surge saw XRP/USD rally to an intraday high of $0.3847, which is its highest point since June 11. Overall, prices are currently 13.6% higher than…

THORChain Deploys Mainnet After 4-Year Wait, RUNE Soars 13%

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THORChain has been trading in the green and recovering faster than larger cryptocurrencies. The development team behind this project, Nine Realms, announced the launch of their mainnet after 4 years of development and research. Related Reading | Cosmos (ATOM) Price Swells 12% – Can It Breach Resistance? At the time of writing, THORChain (RUNE) trades at $2.30 with a 14% and 35% profit in the last 24 hours and 7 days respectively. The market seems to be positively reacting to the announcement. RUNE with minor gains on the 4-hour chart. Source:…

PancakeSwap Business Model – A Hidden Masterpiece in DeFi Space

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The idea of Decentralized Finance exchange is presently booming in major parts of the world as it avoids the intermediates completely while performing any financial or crypto transactions. The market for DeFi exchange is huge and many new crypto players are directly showing their existence in this kind of platform to swap their desired virtual crypto assets.   The technology behind the DeFi exchange and cryptocurrency is a blockchain network which is a widely used technology at a rapid pace by lots of prominent industries. Besides, it is a major reason…

What it could mean for crypto

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These are fraught times for the cryptocurrency and blockchain sector, so it isn’t surprising that industry proponents might seize upon any promising news to help charge flagging markets. A Reuters report out of Uganda last week about a massive gold ore discovery supplied just this kind of fuel. What does the state of gold mining in Africa have to do with the price of global Bitcoin (BTC)? Quite a bit, potentially. Bitcoin has periodically laid claim to being digital gold largely on the strength of its strict 21 million supply…