Day: April 12, 2023

Metaverse Platform MetaPoint Suffers $1M Exploit that Sinks POT Value by 80%

The MetaPoint exploit once again casts doubt on the fortification of blockchain technology after the platform lost more than 2,500 BNB. Metaverse platform MetaPoint recently experienced an exploit that cost roughly $1 million in Binance Coin (BNB). According to reports, the cyber attackers made away with 2,515 BNB, raising concerns about blockchain vulnerability. The MetaPoint exploit also comes as the tech space begins restraining its expectations regarding the emerging metaverse. MetaPoint Yet to Properly Address Exploit MetaPoint has yet to issue an official statement on the exploit and whether it…

Bitcoin Futures Index to Debut in Argentina in May

A Bitcoin futures index in Argentina is a huge relief as the country is currently struggling with high inflation. CNV, The securities regulator in Argentina, has approved a Bitcoin futures index on a local exchange. Following the approval, the Bitcoin futures index will launch in Argentina in May on Matba Rofex. The exchange got the green light to roll out the Bitcoin futures next month, boasting as the first Latin American exchange to onboard such a product. Authorizing the Bitcoin-based futures is part of the regulator’s strategic innovation agenda. The…

Companies Behind Azuki NFTs and LINE FRIENDS Characters Join Forces For Web3 Expansion

“We are excited to collaborate with IPX, who is a global leader in building innovative character IP brands beloved by millions of fans around the world,” Zagabond, the pseudonymous founder and CEO of Chiru Labs, said in a press release. “IP is evolving, and we see the web3 community as an integral part of this next wave. We can’t wait to bring the world of BEANZ together with LINE FRIENDS.” Source

Blockchain and the Internet of Things (IoT): Opportunities and Challenges

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In today’s rapidly evolving digital landscape, the convergence of cutting-edge technologies has the potential to revolutionize industries and drive innovation. Two such technologies, Blockchain and the Internet of Things (IoT), are making significant strides in transforming the way businesses operate, interact, and create value. This article delves into the opportunities and challenges that emerge from the integration of Blockchain and IoT, providing a comprehensive understanding of their synergistic potential. As the number of connected devices continues to skyrocket, the IoT ecosystem is becoming increasingly complex, necessitating robust solutions to manage…

Why is Dogecoin (DOGE) price down today?

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The price of Dogecoin (DOGE) dropped 4.6% to $0.0808 under the influence of a broader crypto market correction on April 12. This downside move preceded the release of the U.S. consumer price index (CPI), which showed inflation eased to its lowest level in two years. Dogecoin wipes out Elon Musk-led gains Dogecoin’s latest price drop appeared also after Elon Musk-owned Twitter removed the token’s official mascot — the Shiba Inu meme — from its home button to reinstate its original bluebird logo. Previously, DOGE price had surged by 30% to…

Ethereum Shapella Upgrade Set to Go Live to Usher in New Era

Ethereum has often been touted as the only cryptocurrency with the right technology, embrace, and functionalities to outrank Bitcoin (BTC) in terms of market capitalization. The Ethereum network, dubbed the second-largest blockchain protocol by market capitalization, is set to undergo another significant upgrade dubbed Shapella. The Shapella upgrade is designed to usher in a new era wherein Ethereum staking products and services can produce rewards in a shorter time compared to the fund’s lockup model it is currently operating as. The Shapella upgrade has been deemed as one of the…

BTC Consolidates Around $30,000, Ahead of US Inflation Report – Market Updates Bitcoin News

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Bitcoin consolidated around the $30,000 mark on Wednesday, as markets prepared for the release of the latest inflation report in the United States. Consumer prices in the U.S. are expected to fall to 5.2% in March, down from 6% the month prior. Ethereum also consolidated, dropping back below $1,900. Bitcoin Bitcoin (BTC) consolidated around the $30,000 mark on Wednesday, as markets anticipated the release of the upcoming inflation figures from the United States. Ahead of the report, BTC/USD fell to an intraday low of $29,865.20, which comes less than 24…

Regulators need deep understanding crypto for proper rules

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In a fireside chat during the Hong Kong Web3 Festival, Changpeng Zhao (CZ), CEO of Binance, expressed that it is important for crypto regulators to have a deep understanding of the industry to facilitate proper crypto regulations. The fireside chat was moderated by Deng Chao, the CEO of Hashkey Capital. According to CZ, “There is a very natural tendency to borrow traditional financial industry regulations to apply to crypto. Crypto is different from banks and traditional financial industries” He went on to explain that knowing the answers to simple questions…