Author: News Room
In a recent statement, Trezor, a leader in the cryptocurrency hardware wallet industry, addressed concerns over a security breach of its official X (formerly Twitter) account. Despite stringent security measures, including the implementation of strong passwords and two-factor authentication, Trezor disclosed that unauthorized activity was detected on their X account on the evening of 19 March 2024, affirming that this did not affect the security of their hardware wallets or other products. Incident Overview Trezor’s report outlined the circumstances leading to the breach, emphasizing that the company adhered to the security protocols recommended by X, such as utilizing strong passwords…
Bitcoin’s stellar performance, reaching all-time highs and igniting a 54% rally year to date, has led to a significant uptick in job opportunities in the crypto market. Companies entrenched in digital assets, like Coinbase, Kraken, Binance, and Gemini, are aggressively expanding their workforce. Even traditional financial powerhouses, like Fidelity, are on the lookout for fresh talent, indicating a broader industry revival. Crypto Jobs on the Rise Specialized job boards are experiencing a remarkable surge in demand, with postings skyrocketing. BeInCrypto’s Crypto Jobs in Web3, for instance, reported an uptick in job listings between January and March, boasting more than 8,400…
Veteran investor Jim Rogers, who co-founded the Quantum Fund with billionaire investor George Soros, expects all cryptocurrencies, including bitcoin, to disappear someday. Anticipating bitcoin going to “zero,” he stressed: “I’m very skeptical of crypto. I don’t expect it to last … I do not see any long-term value in cryptocurrency.” Jim Rogers Remains Skeptical of […] Read the full article here
The decentralized oracle network Chainlink (LINK) is ahead of all other crypto projects in terms of recent development activity, according to the analytics firm Santiment. Santiment notes that Chainlink is at the top of the list with an average of 451.23 notable GitHub events over the past 30 days. The smart contract platform Cardano (ADA) is second, clocking 444.7 events with Status (SNT) taking the third spot with 434.5 events. Status aims to offer users a secure messaging app, crypto wallet and web3 browser via an open-source, peer-to-peer protocol and end-to-end encryption. The Ethereum (ETH) layer-2 scaling solution Optimism (OP)…
Leading smart contract platform Ethereum (ETH) is showing signs of growth despite its underperformance and the regulatory uncertainty surrounding it, according to market intelligence firm IntoTheBlock. In a new article, the head of research at the crypto analytics platform says that Ethereum volumes are reaching levels they haven’t seen in years, signaling growth. “Ethereum has been subject to criticism by many over the past few months. Within crypto, people point to ETH’s price underperforming and traction on Solana as a sign of Ethereum losing its mojo. Beyond crypto, regulators are now reportedly cracking down on the Ethereum Foundation and going…
A 46-year-old housewife in Hong Kong has reported losses of 7.1 million Hong Kong dollars ($908,000) after investing in a fraudulent crypto investment platform. According to a report by the South China Morning Post, people familiar with the matter revealed that the woman did not realize she had been scammed until a year after the incident when she discussed the investment with her family. Hong Kong Housewife Scammed of $908K One of the fraudsters contacted the victim through Instagram in July 2022 and urged her to invest in cryptocurrencies through a link to a fraudulent trading platform. Together with another…
The Bitcoin halving—the quadrennial event that slashes the rewards miners earn for supporting the network—looked to be on target for April 20 (4/20) as of Valentine’s Day last month. And at the time, Bitcoin investors were praying for a new all-time high price of $69,000. Ahem. Just over a week ago, however, the halving target had moved up to April 15, and Bitcoin had already blasted past its all-time price mark to $71,000. Meme number dream ruined? Well, only partially—because now the Bitcoin halving appears to be set for April 20 again. Will the latest estimate hold true? Only time…
Wifi Dabba, a decentralized internet service provider, recently announced plans to expand internet connectivity in India by distributing over 100,000 devices across the country. These devices, hosted on the Solana blockchain, are part of the DePIN project, which aims to connect the unconnected by the end of the year. Only 30 million individuals in India, a country of more than 1.4 billion, have access to WiFi, while a large portion of the population remains detached from the internet. The company’s strategy focuses on decentralization to combat the limited reach of India’s major telecom corporations, which primarily serve urban areas. Karam…
Terra Classic (LUNC), Terra USD (USTC) and Terra (LUNA) prices experienced a slight increase with the recent news. The rises came after Vijesti, a local newspaper based in Montenegro, claimed that the sentence of Do Kwon, the founder of the altcoins in question, would be commuted to house arrest and Kwon would be released. The Terra (LUNA) ecosystem experienced a collapse in May 2022 and deleted approximately $40 billion worth of assets from the cryptocurrency market. A significant portion of the cryptocurrency world thinks that Do Kwon is a scammer running a Ponzi scheme. Kwon printed billions of additional LUNA…
Another wave of FUD around the possible security status of Ethereum (ETH) is the key reason behind its “underperformance,” data says. However, passionate holders do not seem to be ready for selling en masse. Ethereum FUD causes record-breaking ETH inflow to CEXes In the past week, the Ethereum (ETH) supply has experienced mixed trends. As the meme coin mania loses steam, the aggregated Ethereum (ETH) fees dropped by 41%, says leading blockchain data tracker IntoTheBlock. In this week’s newsletter, we analyze some of the recent FUD against Ethereum. We evaluate ETH’s relative performance in terms of price, its fundamental metrics…