July 2, 2022

Ripple Launches $197,000 Hackathon for CBDC Interoperability and Financial Inclusion

San Francisco-based enterprise blockchain provider Ripple has launched a central bank digital currency hackathon with a total prize pool of $197,000 to promote the development of solutions for retail CBDCs, financial inclusion, and interoperability. Ripple Launches CBDC Contest The event, dubbed CBDC Innovate, will allow developers to build applications that run on Ripple’s decentralized, open-source...
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North Korea Leads the World in Crypto Crime (Report)

According to Coincub, the country has over 15 documented instances of crypto crime, with proceeds conservatively estimated at $1.59 billion. The other top four countries closely following the hermit kingdom are the US, Russia, China, and the UK. North Korea Reigns Supreme Even though the true extent of North Korea’s contribution to global crypto crime...
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BlockFi Provides Details on Potential FTX Purchase

The two parties have updated the previous term sheet as FTX will raise its revolving credit facility to $400 million. Additionally, the crypto exchange has the option to acquire BlockFi in the future for up to $240 million. The crypto lender has been among the most struggling companies in the industry lately, following the massive...
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Shiba Inu Surges, Predictions Show Further Rise Lies Ahead

The Shiba Inu altcoin, created after Dogecoin, has seen a 35% recent rise in network activity. According to a cryptocurrency exchange aggregator, Shiba Inu is the least affected asset in the world by the current market crash. Unlike other cryptocurrencies, it was able to survive the crash and still trade in the green zone. Despite...
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KuCoin CEO Denies Insolvency Rumors and Exposure to LUNA, 3AC

The past few weeks have been particularly detrimental for the cryptocurrency industry as major market participants experienced massive challenges. One of the largest centralized lending platforms – Celsius – still hasn’t unpaused withdrawals, whereas leading cryptocurrency hedge fund – Three Arrows Capital – filed for bankruptcy. Amid all this, rumors are running rampant on a...
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Cryptocurrency Markets Continue to Trade Sideways as Bitcoin and Ethereum Prices Hold Support

Cryptocurrency markets continue to trade sideways this Saturday as the global crypto market capitalization remains above $868 billion while Bitcoin trades above $19k and Ethereum manages to stay above $1k. Major stocks rallied during the first day of the year’s second half, ahead of a long July 4th weekend, spelling some good news for global...
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LUNC Price Reignites Upswing, This May be the Trend for the Upcoming Week!

The LUNC price’s strong upswing that is maintained throughout the week was recently challenged by the shaky Bitcoin price actions. However, the asset has managed to resume the uptrend despite the BTC price continuing to trade below $20,000. This displays the extreme strength of the coins and their tendency to reclaim the lost positions at...
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DNS Hijack Compromised Ankr’s Services for Polygon and Fantom

Web3 infrastructure firm Ankr is known for offering node endpoints, staking services, and other products to proof-of-stake blockchains. On Friday, a hacker forfeited a scam-like pop-up on Polygon and Fantom network by hijacking Ankr’s domain name system (DNS) to steal users’ seed phases. The project soon recovered the human-made errors and stated that no funds...
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Crypto Space May Show Some Signs of Recovery, Will Bitcoin(BTC) Price Rebound to Hit $22,000?

Bitcoin prices have been trading below $20,000 for the second day in a row and displaying huge possibilities of dropping hard. The current descending trend is expected to get accelerated soon which may drag the price much lower. However, amid the bearish trend, a minor possibility of a short-term bounce emerges, which may lay the...
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3AC Files for Bankruptcy as Voyager Digital Suspends Withdrawals

A Chapter 15 bankruptcy is a move that protects a firm’s U.S. assets while liquidation is carried out in the British Virgin Islands. Additionally, it prevents creditors from seizing assets in the United States and is applicable for insolvency proceedings involving more than one country. According to Bloomberg, three representatives of the Singapore-based crypto hedge...
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Huobi Founder Li Lin To Sell His Stakes Amidst Crypto Market Crash

Colin Wu a chinese journalist, reported news about Li LIn, a founder of Huobi . He reported through his tweet that Li Lin was willing to sell his share at Huobi company. Huobi is among the top crypto industries in the world. The company has been doing good and its among the most used exchanges...
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DOJ Indicts 6 People in 4 Crypto Scams Including Baller Ape NFT Rug-Pull   

The US Department of Justice (DOJ) has indicted 6 people in 4 different cases of cryptocurrency frauds, including Baller Ape NFT rug-pull, worth nearly $130 million. Baller Ape NFT Scam According to a release from the agency, Vietnamese national Le Anh Tuan, 26, pulled down the website and fled with investors’ money after the first-day public...
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Bitcoin (BTC) $ 69,518.63 0.31%
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Tether (USDT) $ 0.999947 0.03%
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Solana (SOL) $ 164.92 1.01%
USDC (USDC) $ 1.00 0.07%
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Lido Staked Ether (STETH) $ 2,490.88 0.82%
Dogecoin (DOGE) $ 0.15994 0.40%
TRON (TRX) $ 0.166229 0.71%