Two Major Hacks Devour Vast Q3 Crypto Losses

Immunefi’s report reveals that most of the $662,850,580 in Q3 crypto losses were attributed to Mixin Network and Multichain exploits, with DeFi as the primary target. Key Takeaways In an unsettling revelation, Immunefi, a prominent Web3 bug bounty platform, reported a substantial $662,850,580 loss in crypto exploits for Q3 2023, with two principal projects, Mixin Network and Multichain, shouldering the majority of …

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Bitcoin Targets $28,500, While Ripple and Avalanche Surge Forward

Bitcoin reached $28,500, Ripple’s XRP surged due to regulatory victories and licensing, while Avalanche (AVAX) rose with the launch of the Stars Arena platform. Possible Bitcoin ETF approval could push its price to $35,000-$40,000 by late 2023. Key Takeaways The cryptocurrency market is buzzing with activity as Bitcoin (BTC) charts a course towards the $28,500 mark, eventually finding stability at …

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Hong Kong Unveils New Regulatory Framework to Secure Virtual Asset Trading Platforms

Hong Kong introduces strict measures to regulate virtual asset trading, including proficiency testing, licensing requirements, and restrictions to enhance investor protection. Key Takeaways: In response to the growing interest in virtual asset (VA) products and services, Hong Kong‘s regulatory authorities, the Securities and Futures Commission (SFC), and the Hong Kong Monetary Authority (HKMA), have introduced a series of critical measures …

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Worldcoin (WLD) to Pay Users in Own Token, Price Reacts Unexpectedly

Worldcoin (WLD) shifts to pay users in its native token, WLD, instead of USD Coin (USDC). WLD’s price falls 4.78% despite this change. Key Takeaways In a significant strategic move, Worldcoin (WLD) has announced a transition in its incentive model. The Worldcoin Foundation unveiled its plan to shift from paying users in USD Coin (USDC) to their own native token, …

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Circle Steps into SEC Binance Battle, Unveils Legal Conundrum

Circle’s entry as amicus curiae in SEC vs. Binance lawsuit adds complexity. It asserts stablecoins like USDC aren’t securities, influencing case dynamics. Key Takeaways Binance, embroiled in a regulatory quagmire with the SEC, is experiencing amplified complexities with Circle’s recent involvement in the lawsuit. Amidst an already turbulent scenario highlighted by controversies like sensitive data leaks and CEO Changpeng Zhao’s …

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Pi Network vs. WOW EARN: Make an informed choice

In the populated world of the metaverse, the gateway to Web3 has become a guidepost for millions of enthusiasts around the world. Similarly, the crypto mining industry has woken up again owing to cloud mining and mobile mining options. The original concept of mining done by smartphones was introduced by Pi Network. But now the company is facing controversy and …

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CoinMarketCap Integrates with ChatGPT to Offer AI-Powered Crypto Analysis

CoinMarketCap has introduced a new plugin that integrates its data with ChatGPT, an advanced AI chatbot. Key Takeaways New Plugin In a bold move to streamline cryptocurrency analysis, CoinMarketCap has unveiled a novel plugin, forging a collaborative pathway with ChatGPT, globally acclaimed as the pinnacle of artificial intelligence in chatbot technology. Designed to operate as a personal cryptocurrency analyst, the …

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Dogecoin Rockets to the Moon: Surpasses Ethereum and ADA with 10.32% Surge

Dogecoin (DOGE) sees a 10.32% surge in daily active addresses, outperforming Bitcoin, Ethereum, and Cardano. DOGE’s whale transactions exceed $1.18 billion, indicating strong growth. Key Takeaways Dogecoin, initially born as a playful meme coin, is now making significant waves in the cryptocurrency sphere. Recent data from IntoTheBlock (ITB) highlights Dogecoin’s remarkable performance, particularly in comparison to industry giants like Bitcoin, …

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Celsius Reportedly Gambled $8M Weekly in Leaked WhatsApp Chats to Support CEL

WhatsApp conversations between Celsius Network founders revealed alleged manipulative tactics to artificially boost CEL token’s price, leading to legal charges and concerns about the platform’s transparency. Key Points In an astonishing development, a series of WhatsApp conversations between the founders of Celsius Network have shed light on alleged manipulative tactics involving the price of the company’s native token, CEL. Keith, …

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John Deaton Provides Latest Update on Ripple Lawsuit, Discusses SEC Appeal and Settlement Details

Ripple Lawsuit: Lawyer Emphasizes Qualified Immunity Challenge and Predicts Appeals Timeline Prominent attorney John Deaton, who has been deeply involved in the ongoing legal battle between Ripple and the Securities and Exchange Commission (SEC), recently spoke at the first annual onXDC Live blockchain industry conference in Texas. During his speech, Deaton shed light on a critical legal aspect that raises …

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