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Lazarus Group Suspected in $54M Coinex Hack Following Recent Stake.com Breach

September 13, 2023 0

The North Korean hacking syndicate Lazarus Group was likely behind the recent Coinex hack on Tuesday, according to onchain analyst Zachxbt. He revealed that the hackers inadvertently connected the funds to the recent Stake.com breach. North Korean Hackers Potentially Net $95M in a Week On

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Coinbase Founder Brian Armstrong Reveals Plans to Integrate Lightning Network

September 13, 2023 0

According to Coinbase founder and CEO Brian Armstrong, Coinbase is actively working on integrating the Lightning Network (LN), the second-layer scaling protocol. Armstrong emphasized that bitcoin “is the most important asset in crypto” and added that the integration of LN would require more time. Coinbase on Track to Adopt Lightning Network, Says CEO Brian Armstrong […]

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Bitcoin, Ethereum Technical Analysis: BTC Above $26,000 Ahead of US Inflation Report

September 13, 2023 0

Bitcoin moved above the $26,000 level on Wednesday, ahead of the upcoming inflation report in the United States. Consumer prices for August are expected to come in at 3.6%, up from 0.4% the month prior. Core inflation on the other hand is forecasted to fall to 4.3%, from 4.7% in July. Ethereum was back above […]

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Paypal Offers More Crypto Payment Options for Web3 Merchants in US

September 13, 2023 0

Payment processor Paypal announced it’s introducing on- and off-ramps to facilitate crypto payments for Web3 platforms. Once integrated, merchants in the sector will be able to employ them to expand their user base by connecting to Paypal’s payments system. Paypal Launches On- and Off-Ramps for Web3 Payments Payments giant Paypal revealed on Monday it’s moving […]

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‘What Is an NFT’ the Most Searched for Crypto-Related Phrase in the US — Study

September 13, 2023 0

The phrase “What is an NFT?” has been the most searched for crypto-related term with 39,459 average monthly queries, an analysis of nearly 300 questions has shown. With a search rate of 26,283, the queries for the phrase “What is the blockchain” were 1,681% more than the average search volume for the analyzed questions. U.S. […]

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Defining Oracles: Enablers of the Decentralized Finance World

September 13, 2023 0

Oracles are entities that enable various functions in blockchain structures by providing access to legacy or offchain information systems, acting as data ports for decentralized finance applications. These oracles act as information providers for tasks that require either the posting of data or require data to complete specific tasks. What Are Oracles? In ancient times,

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What Is XRP? A Brief History of the Real-Time Gross Settlement System

September 13, 2023 0

While Ripple has its critics, there exists a passionate ‘army’ of XRP advocates who firmly believe it represents the future of decentralized finance and cross-border settlement. In this Learning and Insights guide, our objective is to walk you through a brief history of Ripple and its native cryptocurrency XRP, examining its roots, purpose, benefits, criticisms, […]

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Former Celsius Boss Alex Mashinsky Seeks Dismissal of FTC Lawsuit

September 13, 2023 0

Alex Mashinsky, the former CEO of Celsius Network, has filed a motion to dismiss the Federal Trade Commission (FTC) lawsuit against him. In the motion, Mashinsky argues the FTC has failed to allege he violated any laws or rules. His lawyers say the FTC is not entitled to monetary relief and cannot substantiate Mashinsky is […]

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Bitcoin’s Path to Money: Menger’s Theory and the Debate on Medium of Exchange vs. Store of Value

September 13, 2023 0

Over the past ten years, fervent supporters of digital currency have engaged in intense debates: Is bitcoin (BTC) designed as peer-to-peer electronic cash as illustrated in Satoshi’s groundbreaking white paper, or does it serve as a digital store of value, similar to gold? Additionally, a central question emerges regarding the primary role of money: should […]

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50 US Lawmakers Reintroduce ‘CBDC Anti-Surveillance State Act’ to Protect ‘the American Way of Life’

September 13, 2023 0

Fifty U.S. lawmakers have reintroduced the CBDC Anti-Surveillance State Act to prohibit the Federal Reserve from issuing a retail central bank digital currency “while protecting innovation and any future development of true digital cash.” Congressman Tom Emmer stressed: “President Biden is willing to compromise the American people’s right to financial privacy for a