Tag: Firm

Crypto Custody Firm Anchorage Offers Investment Returns Through Deal With Cumberland-Backed Hashnote

“It’s almost an American tradition at this point to say that there’s more than one way to do it,” he said. “You see this in a variety of angles, whether it’s policing, elections, banking, all of these are kind of intertwined where you’re under a dual sovereign situation, and in many ways it’s like an instantiation of the crypto ethos of decentralization. And I actually think it’s quite beautiful that there’s not just one way that you can answer a particular question.” Source

Firm Behind Pudgy Penguin NFTs Acquires Frame to Build Abstractchain for Consumer Crypto

Igloo Inc., the team behind the Pudgy Penguins non-fungible tokens (NFTs) has announced the acquisition of Frame, aiming to enhance the consumer crypto experience by developing Abstractchain. This move is expected to address limitations in current layer two (L2) solutions and expand cultural and community-driven crypto adoption. Igloo Expands Crypto Infrastructure With Frame Acquisition Igloo […] Source CryptoX Portal

Bitcoin Mining Firm Bitdeer Partners With Ohio Port Authority for 570 MW Expansion

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Bitdeer Technologies Group has signed a lease agreement with the Monroe County Port Authority to secure an additional 570 megawatts (MW) of power capacity. This expansion brings Bitdeer’s total global capacity to 2.5 gigawatts (GW). Bitdeer Expands Power Capacity With New Partnership in Ohio Bitdeer, a Nasdaq-listed company, has leased land at the Hannibal Industrial […] Original

Cryptocurrency Firm Abra Settles With 25 US States Over Licensing Violations

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Financial authorities in 25 U.S. states have reached a settlement with the cryptocurrency investment platform Abra and its CEO Bill Barhydt for operating without proper licensing. This settlement mandates significant changes in how Abra conducts its operations within these states. Abra Reaches Settlement Over Unlicensed Operations, Agrees to Major Concessions According to a report from […] Source

Law firm impersonators target crypto scam victims, FBI alarms

The FBI has issued a public warning that fraudsters posing as lawyers are contacting crypto scam victims, promising to help recover their lost funds. Bad actors may be using social media and other messaging platforms to impersonate law firms, contacting crypto scam victims and offering their services to recover lost tokens, the Federal Bureau of Investigation (FBI) warns. In a statement, the bureau says these scammers reference the FBI to validate their contact. Additionally, there are instances where scam victims “have contacted fraudsters on fake websites, which appear legitimate, hoping…

Coinbase Gets Flipped by Bybit As World’s Second Largest Crypto Exchange, According to Analytics Firm Kaiko

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Crypto exchange Coinbase has been surpassed in volume by Bybit since October, according to analytics firm Kaiko. In a new report, Kaiko says that the launch of Bitcoin (BTC) exchange-traded funds (ETFs) in the US has helped Bybit more than others in its push for market dominance. “The launch of spot Bitcoin ETFs in the US has significantly boosted global crypto trading volumes. However, not all exchanges have benefited equally from the rally that started in October. One exchange has by far made the most gains: Bybit. Since October, the…

Crypto Research Firm Says Bitcoin Crash Below $60,000 May Not Be The End, Here’s Why

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Bitcoin dropped to as low as $60,000 in the last 24 hours, and although the flagship crypto has reclaimed that level, crypto research firm 10x Research predicts that BTC can still go lower soon enough. The firm also outlined several factors that support this bearish outlook.  Bitcoin Could Drop To As Low As $50,000 10x Research’s lead analyst Markus Thielen mentioned in the report that Bitcoin could drop to as low as $50,000. He highlighted a topping formation for the flagship crypto that could lead to this steep decline. Thielen…

Japanese consulting firm Metaplanet to put $6.2m in Bitcoin

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Tokyo-headquartered public consulting firm Metaplanet has allocated over $6.2 million to buy Bitcoin for “long-term holding.” Metaplanet Inc., a Tokyo-headquartered investment firm that specializes in hotel and crypto consulting, raised ¥1 billion yen through the issuance of the second series of ordinary bonds to buy Bitcoin for “long-term holding,” the firm said in a Jun. 24 statement. Although the firm said that its basic policy is “to hold Bitcoin for the long term,” it didn’t rule out the possibility of using the crypto for “operations or other purposes.” In a…

Blockchain Firm Says Bitcoin Price Might Be Headed For $60,000

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The Bitcoin price performance over the past week failed to bring glory to the crypto market, as the leading cryptocurrency struggled once again. This trend was mirrored across almost all large-cap assets, many of which experienced significant losses. Unfortunately, recent price action data suggests that the Bitcoin price is not safe yet, as there is potential for further downside over the coming days. Is $60,000 The Next Stop? In a new report, blockchain intelligence firm CryptoQuant put forward an interesting prognosis for the price of Bitcoin based on its recent…

Crypto Exchange Kraken and Security Firm CertiK Clash Over $3 Million Exploit – SuperCryptoNews

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A critical security flaw in cryptocurrency exchange Kraken’s platform has sparked a bitter dispute with security firm CertiK. The incident involved a $3 million theft of digital assets and accusations of extortion, media reports said. Kraken identified a critical vulnerability that allowed users to artificially inflate their account balances without completing deposits. This stemmed from a recent user interface change. An anonymous security researcher, later revealed to be affiliated with CertiK, alerted Kraken about the bug. However, instead of following ethical hacking practices, the researcher exploited the flaw with two…