Month: August 2022

Mysten Labs of Sui Blockchain Hacked on Discord

Sui blockchain designers Mysten Labs is the latest blockchain firm to face a crypto hack. The firm has announced that its Discord server has been hacked. The blockchain company has warned people not to click any links posted on the server in the eight hours prior to its Twitter announcement and said that the team is working to fix the mess. An unverified screenshot shared on Twitter stated that hackers had put a link of a rumoured crypto airdrop on the announcement channel in the server. Mysten Labs made such…

Russian Crypto Scammers Go Offline, Open Offices, Central Bank Worried About Trend – Bitcoin News

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An increasing number of financial and crypto pyramids targeting Russian investors have been opening physical offices in the country. The Central Bank of Russia has recently expressed concern over the trend which is seen as an indication that the fraudsters expect growing demand. Russian Crypto Scams Launch Offices to Lure More Investors In-person, Bank of Russia Says Financial pyramids and illegal forex dealers in Russia, many of which now specialize in offering crypto investment and settlement opportunities, are moving offline, the daily Izvestia reported quoting the Central Bank of the…

Taco Bell wants you hitched in the Metaverse, Animoca Japan raises $45M and more

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American fast-food chain Taco Bell and Metaverse platform Decentraland are teaming up to offer United States-based couples a chance to get married in the Metaverse. The chain has called for engaged couples to enter a competition to win the brand’s first legally-recognized Metaverse wedding package, with a ceremony and reception to take place in the virtual world of Decentraland. According to Taco Bell, the ceremony and reception will include NFT invitations and custom-designed wedding attire. The couple will be able to bring virtual guests, who can partake in all the…

BITCOIN & ETHEREUM IN DANGER? (important)!! Bitcoin News Today, Ethereum Price Prediction (BTC, ETH)

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io BITCOIN & ETHEREUM IN DANGER? (important)!! Bitcoin News Today, Ethereum Price Prediction (BTC, ETH) Welcome back to the Crypto World! In this video I reveal my next Ethereum Price Prediction and my next Bitcoin Price Prediction! Make sure to watch the WHOLE video so you don’t miss out on this valuable information & leave a LIKE and SUBSCRIBE for more videos like this! 💰 Learn Technical Analysis Here 👉 👈 ► I trade on Bybit 👉 👈 (NEW $4,450 BONUS)* 🔥 Register…

0.3% fall in assets “could render Tether technically insolvent” — WSJ

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An article in the Wall Street Journal (WSJ) has claimed that Tether’s balance sheet is in a position that even a 0.3% drop in value of its reserve assets could “render Tether technically insolvent.” In an Aug. 27 report, WSJ journalists Jean Eaglesham and Vicky Ge Huang focused on the cloudy nature of Tether’s USDT reserves and its long-awaited audit that has been in the works since 2017. Eaglesham and Huang suggested that such a “thin cushion of equity” could cause mayhem in the market, if Tether’s liabilities were to…

Bitcoin is ‘one of the worst cryptocurrencies’ claims Cyber Capital founder

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Founder and chief investment officer of crypto-focused fund Cyber Capital Justin Bons have called Bitcoin (BTC) “technically one of the worst cryptocurrencies,” and a “purely speculative asset without utility” in comparison with other cryptocurrencies due to its lack of technological progress. Bons added his two cents in an 11-part Twitter thread on Sunday, stating that Bitcoin and BTC’s value proposition has long deteriorated due to a broken long-term security model, comparatively weak economic qualities and lack of capacity, programmability and composability. 1/11) BTC is unique in that it is technically…

This Huge Bet on Blockchain Could Change A $50 Trillion Industry

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Blockchain may one day eliminate inefficiencies and lack of transparency in supply chains. While slow in coming, this revolution would benefit not only customers and brands, but the “invisible” workers who power global trade. #Blockchain #SystemShock #BloomberQuicktake ——– Like this video? Subscribe: Become a Quicktake Member for exclusive perks: Subscribe to Quicktake Explained: QuickTake Originals is Bloomberg’s official premium video channel. We bring you insights and analysis from business, science, and technology experts who are shaping our future. We’re home to Hello…

CoinEx Charity Delivers Warmth to Sick Children in Venezuela – Sponsored Bitcoin News

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sponsored On August 19, a group of loving volunteers visited Hospital Universitario Antonio Patricio de Alcalá (HUAPA) in Cumaná, Venezuela. Wearing costumes and acting as cartoon characters such as Spider-Man and Elsa popular with children, they shuttled between pediatric wards while carrying books and toys as gifts to sick children in the hospital. This is a charity event meticulously planned by CoinEx Charity, a global charity, for kids suffering from illness in Venezuela. During the event, the organization hired actors to play cartoon characters and provided sick kids with gifts,…

Dubai Regulator Announces Virtual Assets Marketing and Advertising Guidelines – Regulation Bitcoin News

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The Dubai virtual assets regulator, the Virtual Asset Regulatory Authority (VARA), has unveiled digital assets marketing and promotion guidelines that are applicable to any entity using Dubai-based media sites and publishing channels. The guidelines will “ensure factual accuracy, explicitly demonstrate any promotional intent, and in no way mislead on the guaranteed nature of their returns.” Guidelines Applicable to Dubai Licensed VASPs Dubai’s regulator of virtual assets, the Virtual Asset Regulatory Authority (VARA), recently announced the guidelines governing the marketing and promotions of digital assets. According to a Khaleej Times report,…

Ethereum Dives Below $1,500, Why Recovery Could Be Capped

Ethereum started a major decline below the $1,600 zone against the US Dollar. ETH even declined below $1,500 and now any recovery could face hurdles. Ethereum extended its drop below the $1,600 and $1,500 levels. The price is now trading below $1,500 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $1,480 on the hourly chart of ETH/USD (data feed via Kraken). The pair could correct higher, but upsides might be limited above $1,500. Ethereum Price Takes Hit Ethereum failed to…