DeFi100: Crypto Protocol Developer Have Allegedly Stolen Investors Fund worth $32M
A strange message on a cryptocurrency website DeFi100.org told investors they’d been fooled and “you can’t do [the slightest thing] about it.” With Another message saying ” Oops, looks like the page is lost… This is not a fault, just an accident that was not intentional.” Cryptocurrency project DeFi100, decentralized finance (DeFi) protocol built on […]
Elon Musk Repledges His Crypto Allegiance
The CEO of Tesla and Spacex, Elon Musk has again, reaffirmed and repledged his cryptocurrency allegiance, after a series of red signals in the market plunge this past week. Musk affirmed he ultimately favors cryptocurrency against fiat-issued money on Twitter, something that was seen as a clear rebuff from his earlier statements where he criticized […]
Crypto Can Rev Up Your Retire-Early Plan, It Can Also Kill it, Be Careful
Cryptocurrency like Bitcoin has been around for so many years and has also survived numerous crashes (see also: this past week, which saw Bitcoin tumble as crypto champion Elon Musk began questioning its negative impact in our society). The boom in cryptocurrency that has happened over the years shows a larger acceptance as individual investors and corporate bodies […]
Crypto Crash: Investors lose more than $830 billion last week
Bitcoin dropping to $30,000 last week was a nightmare to so many investors before recovering slightly. In the process, it lost nearly half of its total value, bankrupting many of those who invested in it and other cryptocurrencies. Other coins also followed suit, crashing as much as 63 percent in the last seven days. In […]
Authorities are hoping to close gap between unhosted wallets
Recently, unhosted wallets have started to attract rising attention from regulators and authorities, with FinCEN and the FATF seeking to control. Individuals have lots of choices when it comes to saving treasured cryptocurrencies. They can use a well-hosted wallet (sometimes called a custodial wallet), which involves an intermediary (a host) that usually receives, stores, and […]