Cryptocurrency
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Commonwealth Bank Implements Measures to Safeguard Customers from Crypto Fraud
The growing popularity of cryptocurrencies has brought an increase in fraudulent activities within the crypto ecosystem . Numerous scams and malicious projects have caused significant financial losses for investors which encourages financial regulators to embrace stricter measures . Recent legal actions that were taken by the US Securities and Exchange Commission (SEC) against major crypto exchanges Binance and Coinbase have provided understandings into regulators’ future approach towards crypto companies .…
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Crypto Funds See Continued Outflows as Market Expectations Shift
Data seized from Coinshares shows that cryptocurrency funds have experienced outflows for the seventh consecutive week . The most recent reporting period which ends on June 5, recorded a net outflow of $62 million . Specifically funds focused on bitcoin and Ethereum witnessed a net outflow of $2 .7 million . Market Anticipates Limited Upside Potential and Possible Correction A leading blockchain analytics firm Glassnode has also observed a…
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Ethereum Burns Nearly $10 Billion Worth of ETH: Who Contributes the Most?
Since the execution of EIP-1559 in August 2021 the number of ETH burned on Ethereum has continued to rise . The recent success of The Merge has further contributed to making ETH deflationary depending on network activity . Until now nearly 3 .37 million ETH have been burned and over 745,000 demolished since The Merge in September . This accounts for 2 .8 % of the total ETH supply and…
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Proof of Talk: Immersive Exhibition Unveils the Power of Web 3 and NFT Art
Get ready to immerse yourself in the captivating world of Web 3 and NFT art at the greatly anticipated exhibition At First Glance which is presented by Proof of Talk . Curated by renowned artist and founder of Studio Leggero Luisa Ausenda, this unique exhibition targets to create a real connection between the audience and the NFT artworks and invites visitors to delve deeper into the meaning behind each creation…
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Securing Your Crypto Wealth: The Importance of Recovery Phrases and How to Verify Them
In the era of digital wealth and blockchain technology the responsibility of securing one’s assets has shifted from centralized institutions to individual users . With the rise of cryptocurrencies, measures such as master passwords, recovery phrases, hardware wallets and biometric security keys have become common practice . These tools empower users to take control of their financial security in the digital realm . The Vital Role of Recovery Phrases:…
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Tether’s Market Capitalization Hits Record High as Stablecoin Regains Lost Value
Prominent stablecoin issuer in the market Tether has reached a new turning point as its market capitalization surpassed $ 83 .2 billion . This accomplishment followed Tether successfully compensating the $ 20 billion it lost in market value during the collapse of the rival stablecoin TerraUSD . Tether’s stablecoin is backed by cash and cash equal reserves and maintains a one-to-one peg with the US dollar . According to Tether’s…
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Discover Hidden Crypto Treasures with EarniFi
EarniFi which is created by DeFi Dawson is a powerful platform that allows users to track airdrops across various blockchains that include Ethereum, Binance Smart Chain and Polygon . Airdrops are often time sensitive and missing out on claiming them can mean losing out on free crypto . But no worries ! EarniFi has your back by sending you notifications whenever there’s an airdrop available for you to claim .…
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Bali Bans Cryptocurrency Payments for Foreign Tourists: Implications for Tourism and Crypto Enthusiasts
The popular tourist destination of Bali in Indonesia has made a decision that is sending shockwaves through the crypto ecosystem . Governor Wayan Koster has announced a ban on cryptocurrency payments for foreign tourists which raised concerns about its impact on both the local tourism industry and cryptocurrency enthusiasts who relied on this form of payment . Severe Sanctions for Violators Governor Wayan Koster has taken a strong stand against…
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Bitcoin: A Game-Changer in the Fight Against Cybersecurity Threats, According to Michael Saylor
Artificial intelligence (AI) is a double-edged sword when it comes to cybersecurity. It brings endless possibilities but also opens the door to new threats. However hold your horses because according to Michael Saylor the co-founder of MicroStrategy Bitcoin might just be the answer to counter these attacks. With its fancy cryptography and decentralized nature Bitcoin has some serious advantages especially in dealing with those sneaky deepfake attacks. Now, let’s be…
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Another Blow to Binance: They Stopped AUD Transactions
Following the withdrawal of support from its local payment service provider, Binance Australia announced that it would stop its AUD services. The Decision was Made Due to a Third-Party Provider Due to a decision by our third-party payment service provider, Binance Australia announced on May 18 that PayID deposits in Australian dollars are stopped and bank transfer withdrawals would also be impacted. Binance customers in Australia may no longer fund…
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