Month: September 2022

Indiaโ€™s finance minister sees 46% growth in blockchain technology use in next few years

While Indiaโ€™s central bank has adopted a hostile stance towards cryptocurrency, the South Asian nation has recognized the potential for blockchain technology.ย  See related article: Women in India start to plug into cryptocurrency trading Fast facts Use of blockchain technology is going to rise by about 46% in the next few years, Indiaโ€™s finance minister Nirmala Sitharaman said on Tuesday at an event.ย  Subhash Chandra Garg, Indiaโ€™s former finance secretary, had told Forkast in an interview in August that the potential of blockchain…

Investors Withdraw ETH Holdings Despite Successful Ethereum Merge

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Before the Ethereum merge event, some experts and investors predicted a fall in the price of Ethereum and hence traded cautiously. Popular analysts referred to the merge hype as a buy the rumor, sell the news scenario. The Feds reserves tightening and other market factors added to the volatility recorded in the valuations of ETH, BTC, and other Altcoins. After the merge event, analystsโ€™ predictions proved right as the ETH price crashed below the support level. As a result, several ETH investments got withdrawn, and a few additions were recorded…

Post-Merge Profit-Taking Cuts 13% Off Ethereum Ratio Against BTC

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Weโ€™re in a post-merge world, and the lessons keep arriving. As it turns out, the mythical Merge was a sell-the-news event for Ethereum. Technically, the event was a success and Ethereum kept a 100% uptime as optimistically predicted. Economically, the asset has been bleeding for the whole post-merge season. As a result, Ethereum lost ground against bitcoin, and bitcoin dominance is back up. Letโ€™s go to Arcane Researchโ€™s The Weekly Update for the exact stats and numbers:ย  โ€œSince the merge, Ether (ETH) is down 17% in USD and down 13%…

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Downfall of Canada's Lambo driving โ€˜Crypto Kingโ€™ reportedly sees $35M in losses

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Founder of fraud recovery law firm says the only other avenue available for investors would be to make reports to the Ontario Securities Commission or the police. A self-styled 23-year-old ‘Crypto King’ is facing a raft of demands among 140 of his investors as they try to claw back a collective total of $35 million from his company AP Private Equity Limited. According to a Sept. 20 CBC report, creditors are hard at work trying to unravel where all the money they allegedly gave Canadian Aiden Pleterski to make crypto…

Binance to Open Two Offices in Brazil, Company Hints at Debit Card Launch โ€“ Exchanges Bitcoin News

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Binance, one of the biggest crypto exchanges by volume traded, has announced its expansion plans for Brazil. The exchange will open two new offices in the country to host 150 employees, who will be able to choose if they want to work in-office or remotely. The company also hinted at the launch of a debit card in the future. Binance Expands Team Facilities in Brazil Latam countries like Brazil are becoming more and more important for cryptocurrency exchanges all over the world, due to the boom that crypto…

Inside a Crypto Dating Scam : Swipe to Invest (Part 1)

โ–ถ Coinbase Website: Coinbase.com โ–ถ CEX Website: cex.io They matched on a dating app. He said he liked cryptocurrency โ€ฆ And scammed her out of 400,000 dollars. In his latest documentary, Brut filmmaker Jessey Dearing meets a young woman who fell for a romance con, and is fighting back โ€ฆ Subscribe to Brut America: ๐Ÿ“ฒWatch the newest Brut videos on our mobile apps: โ–ถ๏ธŽ โ–ถ๏ธŽ #brut #brutamerica Discover More Brut: โ–ถ๏ธŽ โ–ถ๏ธŽ FB: โ–ถ๏ธŽ IG: โ–ถ๏ธŽ TW: โ–ถ Coinbase Website: Coinbase.com โ–ถ CEX Website: cex.io Youtube version

White hat finds huge vulnerability in ETH to Arbitrum bridge: Wen max bounty?

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A self-described white hat hacker has uncovered a โ€œmulti-million dollar vulnerabilityโ€ in the bridge linking Ethereum and Arbitrum Nitro and received a 400 Ether (ETH) bounty for their find. Known as riptide on Twitter, the hacker described the exploit as the use of an initializing function to set their own bridge address, which would hijack all incoming ETH deposits from those trying to bridge funds from Ethereum to Arbitrum Nitro. Riptide explained the exploit in a Medium post on Sept. 20: โ€œWe could either selectively target large ETH deposits to…

Regulatory clarity will drive the next bull run โ€” hedge fund co-founder

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A former head of risk at Credit Suisse believes the next crypto bull market will stem from โ€œregulatory clarityโ€ in the United States โ€” which he expects to happen in early 2023. Speaking to Cointelegraph, the former head of valuation risk at Credit Suisse, CK Cheng said some of the regulatory efforts underway in the United States will soon โ€œopen the doorsโ€ of traditional finance to crypto. Cheng is a former executive at investment bank Credit Suisse who left his role in July 2021 to co-found ZX Squared Capital, a…