Tag: Cryptocurrency

Massive Crypto Hack Drains $100M Mango Markets Trading Platform

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Huge Mango Markets hack drained $100M of funds. Blockchain-based decentralized trading platform Solana stated in a tweet on Tuesday evening that it is currently investigating an incident in which a hacker managed to extract funds from Mango via price manipulation. By Wednesday, Mango concluded that the hacker stole about $100 million in funds. According to the blockchain audit site OtterSec, the attacker temporarily increased the value of his collateral and then extracted loans from Mango’s treasury. The same company also noted that the attacker “manipulated the price of MNGO upwards…

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Binance-related blockchain hits $570 million

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A Binance spokesperson said on Friday that a blockchain linked to Binance, the world’s largest crypto exchange, was hit with a $570 million hack, the latest in a string of hacks to hit the crypto sector this year. He tweeted that the tokens were stolen from the blockchain “bridge” used on the BNB chain, which was known as the Binance Smart Chain until February. Blockchain bridges are tools used to transfer cryptocurrencies between different applications. Zhao said the hackers stole about $100 million worth of cryptocurrency. BNB Chain later said…

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No Crypto Winter on Bitcoin Beach in Portugal

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The Bam Bam Beach bitcoin bar, on an uncrowded beach in southwest Portugal, is the meeting place. To get there, drive through a boat harbor, oceanfront hotels, and apartment buildings, then park near a quiet seafood restaurant and walk down a wooden path that winds through the dunes. Yellow bitcoin flags are blowing in the wind. Conversations about cryptocurrency and decentralized future streaming. “People always doubt when to buy and when to sell,” said Didi Taihutu, a Dutch investor who moved to town this summer and is one of the…

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Why Crypto Asset Management Makes sense for Novice Investors

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The cryptocurrency market is a fickle beast. The digital token price roller coaster recently saw Bitcoin drop from grace and then bounce back almost immediately. This volatility is the result of market manipulation, corporate bankruptcies, and investor vulnerability. But it is also what makes the cryptocurrency so attractive to investors looking for high returns. Investing directly in cryptocurrencies can be a challenge for most traditional investors due to its complexity, liquidity challenges, and volatility risks. This is exactly what Heru Finance, a crypto asset management company, wants to address. Crypto…

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This college dropout started at a tea kiosk that is now accepting Bitcoin

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What if you could take as few risks as possible that could change your life? This is what a young man from Bangalore did by dropping out of college to start his own business. With an initial capital of only Rs 30,000, Shubham Saini, a 22-year-old student, has set up a tea stall with the name “The Frustrated drop out”. The kiosk, which also accepts Bitcoin as a method of payment, has become a great hangout for crypto enthusiasts. Saini, a graduate of Indira Gandhi University, Rewari went to Bangalore…

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The world of crypto: ICO to DAO to POS, a quick guide to some key crypto terms

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It is no secret that the world of cryptocurrency can be intimidating to anyone new to it. With so many unknown terms swirling around it, it’s easy to feel that you need someone knowledgeable to understand what’s going on. Fortunately, we’ve got you covered. If you’re reading this, you’ve probably already heard of Bitcoin (and possibly Ethereum as well). But other than these two, there is a whole world of other digital currencies – called altcoins or tokens – now available to online investors. And while beginners may find the…

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The Scary Truth of Cryptocurrency Scams on Instagram

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Twenty-five-year-old Priksha Kasib, a student based in Pune, was woken up by a direct message on Instagram from her friend Sonali whom she had known from school. Excited, she replied to her message talking about life in general as friends do. “But then Sonali shifted the conversation to crypto investing and how it completely changed her life,” Kasib told Indianexpress.com. His interest in investment tips, and his eagerness to make quick money, prompted Kasbe to inquire about the lucrative deal. Sonali said it was very simple. You just have to…

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How to introduce cryptocurrency to parents: a step-by-step guide

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Persuading older generations to adopt new technologies can be difficult. Often one has to adopt a different approach than the one one takes with his friends. It takes tact, patience and conviction to turn vigilant parents into cautious investors because they primarily trust you with their money. We put a step-by-step guide on how to introduce cryptocurrency investments to your Indian parents. Educate yourself before you educate others The first step to getting your parents involved is to better understand the industry. This will enable you to explain things to…

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Google now shows countdown clock when searching for ‘Ethereum Merge’

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Google has added a countdown clock that displays the number of hours left for the Ethereum merge to occur. The merger is an event that aims to transform the Ethereum network from Proof of Work (PoW) to Proof of Stake (PoS) algorithm. Everything is set to change the workings of the blockchain, with the goal of making the Ethereum blockchain less energy intensive. According to Google Trends, the countries with the most interest in Ethereum consolidation are Singapore, Cyrus, China, Switzerland, and the Netherlands, since the past seven days. The…

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What happens to your cryptocurrency when the internet goes down?

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The Internet has become an essential part of our lives. We use it for work, pleasure, communication, and more. The World Wide Web has changed the world in many ways. It made it easier to find and share information, opened up new business and education opportunities, and brought together people who might never have met in any other way. You may not have thought about this, but what would happen to your digital assets if the internet died? The thought of such an event is terrifying. However, it does make…

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