BitGo Singapore has launched with a regulatory license, aiming to meet institutional demand in Asia with custody and trading services. Source: https://cointelegraph.com/news/bitgo-singapore-launch-mas-license-apac-expansion?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: November 2024
Record $9.7B stablecoin inflows could drive Bitcoin to $100K
The record monthly stablecoin inflows could put Bitcoin’s price on track to top the record $100,000 mark. Source: https://cointelegraph.com/news/record-stablecoin-inflows-bitcoin-100k-target?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Avalanche Explained: Inside the Blockchain’s Three-Chain Architecture
Avalanche’s unique three-chain architecture and novel consensus mechanism makes it ideal for decentralized applications and digital asset creation. What is Avalanche? Avalanche is a decentralized layer one (L1) blockchain platform and ecosystem tailored for building decentralized applications (dapps), custom blockchains, and digital assets. With its novel proof-of-stake (PoS) mechanism, Avalanche seeks to solve the blockchain […] Source: https://news.bitcoin.com/avalanche-explained-inside-the-blockchains-three-chain-architecture/
South Korea confirms North Korea behind $50M Upbit hack
South Korea confirms North Korean hackers Lazarus and Andariel were behind the $50 million Upbit hack in 2019, with the stolen crypto now valued at over $1 billion. Source: https://cointelegraph.com/news/upbit-hack-lazarus-south-korea-police?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Crypto Scam Epidemic: US Founders Responsible for Nearly Half of All Scam Projects
A new study reveals that the United States leads in both scam and failed crypto projects. US Leads in Crypto Scams, Study Finds According to a study examining more than 1,500 crypto projects, U.S. founders account for 43.4% of all identified scam crypto projects in 2024. Between January and October, the country’s share of total […] Source: https://news.bitcoin.com/crypto-scam-epidemic-us-founders-responsible-for-nearly-half-of-all-scam-projects/
Worldcoin’s biometric gamble is a privacy time bomb
The privacy and security risks of biometric IDs demand builders consider modular privacy applications or face real-world vulnerabilities. Source: https://cointelegraph.com/news/worldcoin-s-biometric-gamble-is-a-privacy-time-bomb?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Should El Salvador Follow Microstrategy’s Bitcoin Playbook? A High-Stakes Move
The recent rise in the price of bitcoin due to geopolitical issues is prompting nations to consider introducing BTC as part of their reserves. In this context, countries like El Salvador, which is already purchasing bitcoin, might consider issuing debt to fund larger purchases. El Salvador Could Increase Its Bitcoin Purchases Issuing Debt Bitcoin has […] Source: https://news.bitcoin.com/should-el-salvador-follow-microstrategys-bitcoin-playbook-a-high-stakes-move/
Justin Sun paid $6M for a banana taped to a wall and now plans to eat it
The artwork consists of a regular store-bought banana stuck to a wall with duct tape which sold in New York for four times the estimated sales price. Source: https://cointelegraph.com/news/justin-sun-paid-6m-for-banana-art-eat-it?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Justin Sun Goes Bananas: Snags Controversial “Comedian” Artwork for $6.4 Million
What’s worth millions, taped to a wall, and destined to rot? Hint: It’s art you can’t hang for long. Maurizio Cattelan’s infamous duct-taped banana art piece, Comedian, fetched an eye-popping $6.24 million, including fees, at Sotheby’s contemporary art auction in New York on Wednesday night. The sale saw six bidders battle it out before Jen Hua, deputy chairman of Sotheby’s…
Coinbase scammer claims earning 5 figures a week targeting crypto CEOs
“We’re hitting CEOs, CFOs, software engineers,” the brazen scammer told Casa CEO Nick Neuman: “We don’t call poor people.” Source: https://cointelegraph.com/news/coinbase-support-scammer-boasts-earning-5-figures-a-week-phishing-crypto-ceos?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound