Bitcoin

0 million worth of crypto has been stolen in another major hack
World

$100 million worth of crypto has been stolen in another major hack

So-called blockchain bridges have become a prime target for hackers seeking to exploit vulnerabilities in the world of decentralized finance. Jakub Porzycki | NurPhoto | Getty Images Hackers have stolen $100 million in cryptocurrency from Horizon, a so-called blockchain bridge, in the latest major heist in the world of decentralized finance. Details of the attack […]

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Kevin O’Leary reveals 1 important lesson that every young trader needs to learn
World

Kevin O’Leary reveals 1 important lesson that every young trader needs to learn

“You can tell every young investor that’s never seen a bear market or never used margin … but until they experience the fear, the darkness and the getting completely wiped down of their account, that’s how you learn,” said celebrity investor Kevin O’Leary. Christopher Willard | Disney General Entertainment Content | Getty Images There is […]

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Coinbase shares fall after rival Binance.US drops spot bitcoin trading fees
World

Coinbase shares fall after rival Binance.US drops spot bitcoin trading fees

Monitors display Coinbase signage during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, U.S., on Wednesday, April 14, 2021. Michael Nagle | Bloomberg | Getty Images Coinbase shares fell almost 10% on Wednesday after rival crypto exchange Binance.US said it’s dropping certain trading fees for customers. Binance.US, the U.S. affiliate […]

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Bitcoin billionaire Sam Bankman-Fried bails out embattled crypto firms BlockFi and Voyager
World

Bitcoin billionaire Sam Bankman-Fried bails out embattled crypto firms BlockFi and Voyager

With no central bank willing to come to the rescue, beleaguered crypto companies are turning to their peers for help. Billionaire crypto exchange boss Sam Bankman-Fried has signed deals to bail out two firms in as many weeks: BlockFi, a quasi-bank, and Voyager Digital, a digital asset brokerage. FTX, Bankman-Fried’s crypto exchange, agreed Tuesday to […]

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Another ‘algorithmic’ stablecoin has fallen below its  peg — but experts say it’s not ‘Terra 2.0’
World

Another ‘algorithmic’ stablecoin has fallen below its $1 peg — but experts say it’s not ‘Terra 2.0’

Cryptocurrencies have been under immense pressure after the collapse of a so-called stablecoin called terraUSD. Umit Turhan Coskun | Nurphoto via Getty Images A controversial stablecoin launched just before the collapse of a similar token called terraUSD is struggling to maintain its peg to the U.S. dollar. USDD, a so-called “algorithmic” stablecoin that’s meant to […]

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Bitcoin could plunge even further to a low of ,000, one strategist warns
Finance

Bitcoin could plunge even further to a low of $13,000, one strategist warns

If crypto’s past bubbles are anything to go by, bitcoin could be about to fall much further. That’s according to one strategist, who warns the world’s top cryptocurrency is likely to tank as low as $13,000 — an almost 40% drop from current levels. “We would still be selling these kinds of cryptocurrencies into this […]

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South Korea puts crypto company Terraform Labs’ staff on no-fly list
World

South Korea puts crypto company Terraform Labs’ staff on no-fly list

The collapse of the Terra ecosystem will go down as one of the most painful and devastating chapters in crypto history. Gabby Jones | Bloomberg via Getty Images Several employees of South Korea-based Terraform labs, the company behind the stablecoin TerraUSD, which collapsed last month and roiled cryptocurrency markets, cannot leave the country, prosecutors said. […]

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Bitcoin rebounds, leading other cryptocurrencies higher, after its big dip over the weekend
Technology

Bitcoin rebounds, leading other cryptocurrencies higher, after its big dip over the weekend

Selim Korkutata | Anadolu Agency | Getty Images Bitcoin climbed on Tuesday after a slew of negative headlines had pushed the cryptocurrency to a new 2022 low over the weekend. The price of bitcoin jumped more than 7% to $21,617.70 around 10:50 a.m. ET, according to Coin Metrics. Over the weekend, it fell as low […]

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A crypto lending app tried to take over a ‘whale’ account to stop it from collapsing the system
Finance

A crypto lending app tried to take over a ‘whale’ account to stop it from collapsing the system

The logo of cryptocurrency platform Solana. Jakub Porzycki | NurPhoto via | Getty Images Decentralized finance platforms are going to extreme lengths to limit the fallout from a sell-off in cryptocurrencies. Solend, a lending platform built on the Solana blockchain, tried to gain control of its largest account, a so-called “whale” investor that it said […]

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Bitcoin rebounds 8% but struggles to hold above ,000
World

Bitcoin rebounds 8% but struggles to hold above $20,000

Bitcoin continues to trade around the $20,000 mark, keeping investors on edge about where the price is going next. Nurphoto | Getty Images Bitcoin jumped 8% on Monday after a sharp sell-off over the weekend but continues to teeter around the $20,000 mark, keeping investors on edge. The world’s largest cryptocurrency was trading at $19,935.98 […]

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