Day: July 27, 2023

Digital marketing will become Web3’s next major use case, says report

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The Web3 ecosystem could become the next golden opportunity for digital marketers, with almost 200 companies already “thinking deeply” about how to utilize the Web3 tech stack. On July 25, Web3 marketing analytics firm Safary released a comprehensive report titled The Web3 Growth Landscape 2023. It noted that the 2010s were the “golden age of digital marketing” with Web2 growth seeing 150 marketing companies in 2011 increase to 11,000 in 2023. However, over the last three years, the digital marketing landscape has to a more privacy-centric environment. Therefore, marketers may…

Ethereum Price Recovery Could Soon Fade If It Fails To Clear $1,900

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Ethereum price is recovering above the $1,850 zone against the US Dollar. ETH could restart its decline if there is no move above the $1,900 resistance. Ethereum is slowly moving higher above the $1,850 zone. The price is trading above $1,870 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support near $1,855 on the hourly chart of ETH/USD (data feed via Kraken). The pair could face a strong selling interest near the $1,900 and $1,920 levels. Ethereum Price Faces Uphill Task Ethereum’s price…

Redditor’s hacked Bitcoin is a lesson on the hidden dangers of paper wallets

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A Reddit user has become the latest example of why crypto users should be more careful when using wallet generators — after the user lost a few thousand dollars worth of Bitcoin (BTC) from their “secure” paper wallet. On July 24, a Redditor by the name /jdmcnair posted on the r/Bitcoin subreddit, asking for an explanation on how a hacker could have been able to steal over $3,000 worth of Bitcoin from their supposedly secure paper wallet — which was even generated on an offline computer. The Redditor’s Bitcoin wallet address shows an outgoing…

Flashbots becomes unicorn after raising $60 million

San Francisco-based firm Paradigm has invested $60 million to support the development of Flashbots’ new Ethereum blockchain transaction packaging software version.  Notably, the series B funding round contrasts with the current trend among Silicon Valley venture capitalists. Flashbots fosters transparency Flashbots, a Cayman Islands-based software provider that bundles Ethereum blockchain transactions, secured funding via “decentralization beauty contest.” This involves selecting investors through reverse pitches. The funding has led to a valuation of at least $1 billion, as confirmed by a Flashbots representative. Since 88% of validators collaborate with entities like Flashbots to…

Robert Kennedy Jr. admits to buying 2 Bitcoin for each of his 7 children

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Democratic presidential candidate Robert F. Kennedy Jr. has confirmed he purchased a significant amount of Bitcoin (BTC), earlier this year — buying two BTC for each of his seven children. Speaking in a July 26 Twitter space, Kennedy said the decision came after he received “a lot of criticism” from crypto industry pundits and the mainstream press in the wake of his pro-Bitcoin comments made at the Bitcoin Miami Conference in May. Live now discussing #Bitcoin with ⁦@RobertKennedyJr⁩ ⁦@Breedlove22⁩ ⁦@1MarkMoss⁩ ⁦@natbrunell⁩ and ⁦@MartyBent⁩ https://t.co/gx5a63SDOj — The Wolf Of All Streets…

Bitcoin Price Struggles Post Expected Fed Result, More Losses Ahead?

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Bitcoin price is struggling to recover above the $29,000 resistance level. BTC must settle above $29,000 and then $29,600 to move into a positive zone. Bitcoin is attempting a recovery wave above the $28,850 level. The price is trading below $29,200 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support near $29,250 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could face a strong resistance near the $29,600 resistance. Bitcoin Price Still In The Negative Zone…

CoinsPaid targeted in $37.3 million hack

An official update on July 26 reveals that CoinsPaid, an Estonia-based crypto payment provider, was hacked and lost $37.3 million on July 22.  CoinsPaid is pointing fingers at the Lazarus Group, a notorious hacker organization known for targeting high-profile companies in the past. The hacker group, believed to be sponsored by North Korea, has been accused of hacking and stealing from several crypto firms and bridges, including CoinCheck and Ronin. Following the breach, CoinsPaid’s said they swiftly fortified their systems to prevent further damage. For their action, the payment processor said customer…

Sam Bankman-Fried to have campaign donation charge dropped: Prosecutors

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United States prosecutors have signaled they will drop a charge against FTX co-founder Sam Bankman-Fried, which had alleged he conspired to make unlawful campaign contributions. In a July 26 letter to District Court Judge Lewis Kaplan, U.S. Attorney Damian Williams said the government was informed by The Bahamas that it did not agree to extradite Bankman-Fried on the charge and prosecutors would not carry it forward to trial. “The Bahamas did not intend to extradite the defendant on the campaign contributions count,” Williams wrote in the letter. “In keeping with…

Crypto payment gateway CoinsPaid suspects Lazarus Group in $37M hack

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Cryptocurrency payments platform CoinsPaid has pointed the finger at North Korean state-backed Lazarus Group as being behind the hacking of its internal systems, which allowed them to steal $37.3 million on July 22. “We suspect Lazarus Group, one of the most powerful hacker organisations, is responsible,” CoinsPaid explained in a July 26 post. While CoinsPaid didn’t explain how the money was stolen exactly, the incident forced the firm to halt operations for four days. CoinsPaid is back to processing after being hit by a hacker attack. Сlient’s funds were not…