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Flow has reported a December exploit that resulted in losses of $3.9 million due to counterfeit tokens. The incident involved the creation of fake tokens that were mistakenly accepted by users, leading to significant financial damage. Flow's team has since identified the vulnerabilities that allowed the exploit
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The developer of the Bitchat app has dismissed Uganda's threat to block the application, expressing confidence in its resilience. The Ugandan government has raised concerns about the app's potential to facilitate illegal activities and has warned of possible restrictions. In response, the developer stated, "Good
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US community banks are collaborating to address a loophole in the GENIUS Act, which they believe could undermine the integrity of the banking system. The GENIUS Act, aimed at promoting innovation in the cryptocurrency sector, has provisions that some banks argue allow for regulatory evasion by certain crypto firms. Community
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Riot Platforms, a major Bitcoin mining company, sold approximately $200 million worth of Bitcoin in a strategic move to improve its liquidity and strengthen its balance sheet. The sale involved around 8,000 BTC, reducing the company's holdings to about 6,500 BTC. This decision comes amid ongoing
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Experts are advising cryptocurrency users to prioritize privacy following a significant data leak involving Ledger, a popular hardware wallet provider. The breach exposed sensitive customer information, including email addresses and transaction histories, raising concerns about potential phishing attacks and identity theft. Users are encouraged to enhance their security measures by
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Tether, the issuer of the popular stablecoin USDT, is advocating for the use of gold as a medium for everyday transactions. The company plans to integrate gold-backed stablecoins, allowing users to make payments using digital assets tied to the value of gold. This initiative aims to provide a stable alternative
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Asset manager Bitwise identifies three critical tests that could influence the potential rally of cryptocurrencies by 2026. These tests include regulatory clarity, the adoption of Bitcoin ETFs, and the overall macroeconomic environment. Bitwise emphasizes that positive developments in these areas could significantly boost market confidence and investment in digital assets.
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The cryptocurrency strategy saw a 6% increase following MSCI's decision to retain Digital Asset Tokens (DATs) in its indexes. This move is significant as it reflects MSCI's recognition of the growing importance of digital assets in the financial markets. The decision has been positively received by
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New York City is emerging as a hub for the intersection of artificial intelligence and cryptocurrency, attracting tech enthusiasts and investors alike. The city hosts various events and meetups that focus on the integration of AI technologies within the crypto space. Notable companies and startups are setting up shop in
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A Canadian bitcoin mining operation is utilizing the excess heat generated from its mining rigs to support local greenhouse agriculture. This innovative approach not only helps in reducing energy waste but also provides a sustainable heating solution for the greenhouses, enhancing crop production. The initiative aligns with environmental goals by
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MSCI has decided to retain cryptocurrency treasury companies in its indexes, marking a significant win for firms involved in the crypto sector. This decision comes despite ongoing regulatory scrutiny and market volatility affecting digital assets. MSCI's move is seen as a recognition of the growing importance of cryptocurrencies
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Flow has reported on a December exploit that resulted in losses of $3.9 million due to counterfeit tokens. The incident involved the creation and distribution of fake tokens that were mistakenly accepted by users and platforms. Flow's investigation revealed that the exploit was linked to vulnerabilities in