Category: ETH
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XRP Crash Burns Other Crypto Asset Values, BTC Price Remains Unscathed
Digital currency markets have seen some volatile action this week and during the last 24 hours following the XRP charges, a number of coins shed a great deal of value. At the time of publication, the entire crypto-economy is valued at $629 billion and because XRP lost so much value, bitcoin’s dominance index has risen…
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UK Crypto Exchange Exmo Hacked, Estimates Presume Platform Lost $10.5 Million
U.K.-based cryptocurrency exchange Exmo detailed on December 21, 2020, the firm had “detected suspicious withdrawal activity” and halted withdrawals. Exmo said a security audit report revealed “large withdrawals” of bitcoin and five other cryptocurrencies. Analysts estimate that Exmo may have lost over $10 million from the hot wallet breach. On Monday, the U.K.-registered digital currency…
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G-Wallet Ushers in New Era With Hybrid Wallet
PRESS RELEASE. G-Wallet, a decentralized crypto platform and wallet provider has revealed a series of updates on its blockchain ecosystem. The updates focus on the development of its hybrid wallets and other features offered by the blockchain platform. G-Wallet is Building a Sustainable and Decentralized Wallet Ecosystem G-Wallet has been developing a hybrid wallet that…
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Barcelona FC Player Gerard Piqué Invests in Ethereum-Based Fantasy Football Platform Sorare
The Barcelona FC captain has announced his official inception into the non-fungible token (NFT) industry by investing $4.3 million in the fantasy football platform Sorare. Barcelona FC Player Invests in NFT Fantasy Football Platform Sorare, Joins as Strategic Advisor According to Sifted, Gerard Piqué joined a seed extension round led by U.S.-based fund Cassius Family…
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Side-Chaining $3 Billion in Value: There’s More Than 141,000 Tokenized Bitcoins Issued on Ethereum
According to onchain statistics, there is a colossal amount of bitcoin, approximately 141,231 bitcoins or $3.3 billion at the time of publication locked into Ethereum-based tokens. There are roughly seven different wrapped or synthetic bitcoin tokens but the Wrapped Bitcoin project has the lion’s share of coins with 115,411 under custody. At the time of…
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Mining Rig Makers Race to Create Next-Gen Ethereum Miner Before Staking-Only Kicks In
The Ethereum network’s 2.0 transition has pushed the protocol to become one of the largest staking networks in the world with 1,683,905 ether locked into the contract worth $1 billion today. According to reports from China, while proof-of-work ethereum miners have two years left to mine the leading crypto asset, ten Chinese mining rig manufacturers…
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Weekend Market Action Sees Bitcoin Touch $24K, $1 Billion in Short Positions Liquidated
Bitcoin and the crypto economy continue to see strong gains, as the price of the leading crypto-asset touched an all-time high on Saturday, December 19, 2020. That morning around 11:45 a.m. EST, bitcoin touched a price high at $24,217, but got pushed below the $24k handle shortly after. The entire cryptocurrency economy is up over…
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Survey: There Is ‘Significant Room’ for the NFT Market to Grow Despite Widespread Lack of Knowledge Among People
A survey about non-fungible token (NFT) trends on crypto users revealed that 47% of correspondents had heard of NFT, and among these, 63% of them had only a basic understanding about it, while 57% of them had never used them. Survey Reveals Common User Has Just a Basic Understanding of NFT Market According to a…
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2020’s Crypto Performances: The Biggest Token Losers and This Year’s Top-Performing Cryptocurrencies
Digital currency markets have climbed significantly in value all year long, despite the gloomy global economy and the aftermath of Covid-19 responses. Bitcoin prices have been hovering at values not seen since 2017, and the top crypto asset in terms of market cap has gained a whopping 159% since January 5, 2020. In fact, many…
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Fraudulent Crypto Browser Extension Redirects to a Fake Metamask Domain
A crypto intelligence firm has raised red flags about an increasing flow of comments in the crypto community about an ongoing phishing campaign, which is stealing funds from people who install a malicious browser extension. Chrome Browser Extension Is Redirecting Crypto Users to a Fake Metamask Site According to an alert published by Ciphertrace, since…