Author: Shella Artillero

Sending cryptocurrency to someone as a gift comes in several ways. Before doing so, you should also consider what’s going to be easiest for you and the recipient. Some receivers would also prefer to create an account on a popular financial app or manage crypto on their own. Is Bitcoin a Good Present? Giving cryptocurrency can be a fun way to acknowledge and celebrate someone’s hobbies or share your interests with others, much like giving a gift card for a store. Additionally, it’s a gift that can end up being much more valuable in the future. You should also think…

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Monday’s trading saw gains of 5% for ether (ETH) and bitcoin (BTC). Exchange trading volume data, however, reveals levels are not keeping up with the rally, indicating a paucity of actual quantities generated by institutions. After the network’s Merge event in September, Ethereum co-founder Vitalik Buterin downplayed the significance of any hard forks initiated by third parties after the network’s Merge event in September. Buterin stated, “I don’t expect Ethereum to really be significantly hurt by another fork,” during the development conference ETHSeoul over the weekend. Price Watch Bitcoin (BTC) and ether (ETH) started with a positive weekend of trading.…

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According to a court document filed on August 5th, Celsius has abandoned its request to rehire former CFO Rod Bolger as a consultant. Reports had emerged that the company sought to re-engage Bolger for at least six weeks as an advisor. However, an investor in Celsius, Keith Suckno, opposed the motion. The lending platform Celsius has withdrawn its request to recruit former CFO Rod Bolger, according to a court filing in the Southern District of New York. According to the motion, the CFO would have received prorated monthly compensation of $92,000 for a minimum of six weeks. Just before a…

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A second cryptocurrency company has revealed its exposure to Terra. Due to its holdings, CoinShares recorded a loss of 2.4 million pounds (close to $3 million at current prices) in the quarter ending June 30. This was the company’s first loss-making quarter since going public in March 2021 £15.3 million in income was lessened by £17.7 million in UST. Since then, the London-based cryptocurrency company has sold its holdings in UST. (£17.7m is almost $21.5m at the current exchange rate.) Even if it was relatively little compared to the losses experienced by other participants in our business, CoinShares CEO Jean-Marie…

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After going missing during the crypto winter of 2018, Bitcoin (BTC) ATMs have resurfaced in Tokyo and Osaka, Japan, allowing residents of those cities to trade cryptocurrency using devices other than their phones and computers. Previously, there were several cryptocurrency ATMs, often referred to as BTMs in Japan and other countries, dispersed across significant business centers. Up until the catastrophic Coincheck hack in January 2018, which almost completely devastated the Japanese cryptocurrency industry. Following the 2013–2014 Mt. Fox tragedy, the popularity of cryptocurrency investments in Japan has fallen along with investor trust. BTMs, which once played a significant role in…

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Hackers stole nearly $200 million in cryptocurrency from Nomad, a program that allows users to shift tokens from one blockchain to another, in yet another attack highlighting weaknesses in the decentralized finance space. Late on Monday, Nomad acknowledged the exploit in a tweet. “We are aware of the incident involving the Nomad token bridge,” the startup said. “We are currently investigating and will provide updates when we have them.” It’s unclear exactly how the attack was planned or whether Nomad intends to compensate users who lost tokens in the hack. The startup, which bills itself as a “secure cross-chain messaging”…

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On August 1, Monday, the cryptocurrencies market was essentially flat, but it continued to trade in the negative despite what appeared to be a market attitude shift away from panic. The market capitalization of cryptocurrencies was $1.09 trillion, a decline of 1.12% over the previous day as Bitcoin, Ether, Solana, Dogecoin, and other cryptocurrencies broke winning streaks to open somewhat down. According to data from CoinMarketCap, Bitcoin maintained the $23,000 level and increased by more than 6% during the past week. The price of one bitcoin was $23,324.99, a decrease of 1.72 percent over the previous 24 hours. “Bitcoin has…

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Mastercard has joined Blockchain Australia in a move that should further expand its reach in local digital finances. The action demonstrates their commitment to providing financial services centered around non-fungible tokens (NFTs), upcoming central bank digital currencies, and further integrating cryptocurrencies with traditional financial services, as well as Visa Australia’s. Michael Bacina, a board member for Blockchain Australia, cited regulation as a major factor in Mastercard’s decision to join the group. “They have taken an active role in speaking out at blockchain and cryptocurrency-related events. Comparing that to joining a leading industry organization like Blockchain Australia is a different position.…

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The price of bitcoin and other cryptocurrencies has been under pressure in 2022 as traders react to a number of significant industrial collapses. Following the increase in stocks following the U.S., bitcoin surpassed $23,000. The Federal Reserve increased interest rates but signaled that future increases might be less rapid. Cryptocurrencies and American stocks have a strong relationship, especially the Nasdaq, which increased by 4% on Wednesday. At roughly 4:00 p.m., the price of bitcoin was $23,740.00. ET on Thursday, up roughly 4.4%, according to CoinMetrics data. The Federal Reserve increased its benchmark interest rate by 0.75 percentage points on Wednesday…

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A quick-moving development saw XCarnival, which calls itself a Metaverse Asset Bank, negotiate the restoration of half of the 3,087 ETH it lost to a hacker in less than 24 hours. By taking advantage of a bug in its smart contract, the attacker borrowed money from the platform using a Bored Ape Yacht Club NFT that had already been withdrawn after being pledged. The identical transaction was repeatedly carried out until a watchdog alerted XCarnival, which immediately halted the loan, borrowing, and smart contract operations. Alert from Watchdog PeckShield, a blockchain security and data analytics business, informed users to the…

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