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A significant incident occurred when Ethereum tokens were stolen after the South Korean tax service inadvertently published wallet seed phrases online. The leaked information led to the theft of approximately $1.5 million worth of Ethereum tokens. Following the incident, the stolen tokens were returned to the original wallets after
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Barclays is seeking a technology provider to develop a new blockchain-based settlement engine, according to a report by Bloomberg. The bank aims to enhance its settlement processes using blockchain technology to improve efficiency and reduce costs. Barclays is exploring partnerships with firms that have expertise in blockchain solutions. This initiative
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Trump Media & Technology Group is considering a spinoff of its social media platform, Truth Social, in light of recent developments in the cryptocurrency sector, particularly Bitcoin and crypto exchange-traded funds (ETFs). The company aims to capitalize on the growing interest in digital assets, which could enhance its market position.
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Vitalik Buterin has unveiled a new plan aimed at addressing Ethereum's scaling issues, which have been a significant concern for the network's growth and efficiency. The proposal includes a multi-layered approach that emphasizes the importance of rollups, which are solutions that bundle transactions to reduce congestion
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Magic Eden has announced the discontinuation of support for Bitcoin and Ethereum, shifting its focus exclusively to the Solana blockchain. The NFT marketplace, which initially expanded to include multiple blockchains, is now prioritizing Solana due to its unique offerings and community. This decision reflects a strategic move to consolidate resources
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Bitcoin's recent rebound has been halted as U.S. stock markets experienced a decline, while gold prices surged amid increasing macroeconomic risks. Investors are reacting to concerns over rising interest rates and potential economic slowdowns, leading to a flight to safer assets like gold. Bitcoin, which had shown
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Figure Technology's stock plummeted by 20% after the company reported mixed Q4 earnings. While the firm achieved a revenue increase, its net loss widened compared to the previous year, raising concerns among investors. The results fell short of analysts' expectations, leading to a significant sell-off. Additionally, Figure&
Japan is focusing on yen-backed stablecoins to enhance its presence in the global cryptocurrency market. The government aims to create a regulatory framework that supports the development and use of these stablecoins, which could facilitate cross-border transactions and promote financial innovation. Major Japanese financial institutions are exploring partnerships with crypto
On February 27, 2023, various cryptocurrency price predictions were made for major coins including Bitcoin (BTC), Ethereum (ETH), and XRP. Analysts suggested that BTC could face resistance around $25,000, while ETH might stabilize near $1,700. XRP's price is anticipated to fluctuate between $0.35 and $0.
The DC Scam Center Strike Force has successfully seized and frozen approximately $580 million in cryptocurrency linked to various scams. This operation aims to combat fraud and protect consumers from financial crimes involving digital assets. The initiative highlights the growing focus of law enforcement on the cryptocurrency sector as scams
Bitcoin, along with ether and solana, experienced a decline in value, reflecting a broader downturn in the cryptocurrency market. In contrast, tokens associated with Decred and artificial intelligence saw gains during this period. The market fluctuations highlight the volatility and varying performance of different cryptocurrencies. Investors are closely monitoring these
Jack Dorsey has announced a significant reduction in workforce at Block, cutting 40% of jobs as part of a strategic shift towards artificial intelligence. This decision comes amid broader challenges in the tech industry and reflects a growing emphasis on AI technologies. The layoffs are expected to impact various departments
A recent analysis of Bitcoin's price chart indicates that the cryptocurrency may be entering a challenging phase, reminiscent of historical patterns observed during past market downturns. Analysts suggest that Bitcoin could face significant resistance levels, potentially leading to further declines in value. The article highlights concerns over macroeconomic
Amazon and Nvidia have significantly invested in OpenAI, contributing to a surge in the company's valuation, which has reached $730 billion. This influx of capital is part of a broader trend where major tech firms are backing AI development. The investments are expected to enhance OpenAI's
Solana (SOL) has seen a decline of 4.2%, contributing to a downturn in the CoinDesk 20 index. This drop reflects broader market trends, with several cryptocurrencies experiencing losses. The overall performance of the index has been negatively impacted, highlighting volatility in the crypto market. Investors are closely monitoring these
South Korea's tax office accidentally leaked the seed phrase for a cryptocurrency wallet, resulting in the loss of $4.8 million in seized tokens. The incident occurred when the office was attempting to transfer the assets, which were confiscated from tax evaders. Following the leak, the tokens were
Bitcoin is facing potential downward pressure as the U.S. Producer Price Index (PPI) data influences market sentiment. The PPI report indicated higher-than-expected inflation, leading to a surge in gold prices, which reached a one-month high. This inflation data has raised concerns among investors about the stability of cryptocurrencies like
In today's crypto news, Bitcoin's price experienced a slight decline, dropping below $27,000 amid ongoing market volatility. Ethereum also saw a decrease, with trading hovering around $1,600. Regulatory developments emerged as the U.S. SEC announced new guidelines for cryptocurrency exchanges, aiming to enhance
Senator Elizabeth Warren and the Office of the Comptroller of the Currency (OCC) Chief, Michael Hsu, are at odds over a proposed bid for a crypto bank linked to former President Donald Trump. Warren has expressed concerns about the potential risks and regulatory challenges associated with the bank, arguing that