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Day: October 7, 2023

  1. Home
  2. 2023
  3. October
  4. 07
14 Years Ago, $1 Could Buy 1309.03 BTC – A Look at Bitcoin’s Incredible Growth
  • bob
  • 2023-10-07
  • Cryptocurrency Market Analysis
  • Cryptocurrency Regulations
  • Investment Insights
  • World

14 Years Ago, $1 Could Buy 1309.03 BTC – A Look at Bitcoin’s Incredible Growth

14 years ago, Bitcoin (BTC) made history by surpassing the $0 mark. With just $1, one could own 1309.03 BTC. Since then, the value of a single Bitcoin has grown by an astonishing 3.6 billion%. If someone had invested just $1 in BTC on Oct. 5, 2009, they’d be sitting atop a staggering $36 million […]

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IOTA 2.0 Protocol Unveiled, ShimmerEVM Sees 4x TVL Increase
  • bob
  • 2023-10-07
  • Cryptocurrency Innovations
  • Cryptocurrency Regulations
  • Market Analysis and Predictions
  • World

IOTA 2.0 Protocol Unveiled, ShimmerEVM Sees 4x TVL Increase

The IOTA Foundation has recently unveiled its Layer-1 staging network Shimmer and its Iotabee DEX, a decentralized trading exchange. The DEX has managed to increase the total value locked (TVL) on the Shimmer blockchain by a staggering 4x or $600,000. The ShimmerEVM also offers a bridge between the IOTA Network and the Ethereum applications.The IOTA […]

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XRP Price Predictions for 2024: Regulatory Clarity, Banking Partnerships, and Macroeconomic Factors
  • bob
  • 2023-10-07
  • Macro-economic Trends
  • Market Analysis and Predictions
  • Regulatory Developments
  • World

XRP Price Predictions for 2024: Regulatory Clarity, Banking Partnerships, and Macroeconomic Factors

XRP, the cryptocurrency of the blockchain enterprise Ripple, is currently the most trending crypto asset due to its recent legal victories. Its trial against the US Securities and Exchange Commission (SEC) in April 2024 is seen as pivotal for its price. Other factors that could influence its valuation include partnerships with banks like HSBC and […]

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SHIB Community Admin Regains Control of Telegram Account After Hack Attack
  • bob
  • 2023-10-07
  • Cryptocurrency Regulations
  • Financial Scams and Security
  • Market Analysis and Predictions
  • World

SHIB Community Admin Regains Control of Telegram Account After Hack Attack

The SHIB community recently fell victim to a crypto scam attack on their official telegram account. Cybercriminals seized the SHIB telegram account for hours, impersonating the community’s admin and sending fake BONE airdrops through click baits on the channel to steal member’s personal information and crypto assets. Prominent Shiba Inu team member, Ragnar Shiba, took […]

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FriendTech Users Lose Over $400K to SIM-Swap Cyber-Attacks
  • bob
  • 2023-10-07
  • Cryptocurrency Regulations
  • Financial Scams and Security
  • Market Analysis and Predictions
  • North America

FriendTech Users Lose Over $400K to SIM-Swap Cyber-Attacks

FriendTech, a rapidly growing crypto-social platform, has recently been the target of a security breach. A scammer was able to steal $385K in Ethereum from four FriendTech users within 24 hours by using the SIM-swapping method. This technique allows criminals to take control of a user’s phone number and access their online accounts. The surge […]

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Stablecoins Show Resilience Amid Crypto Market Woes in September
  • bob
  • 2023-10-07
  • Cryptocurrency Market Analysis
  • Macro-economic Trends
  • Regulatory Developments
  • World

Stablecoins Show Resilience Amid Crypto Market Woes in September

The cryptocurrency sector has seen significant events in September, with the stablecoin market capitalization reaching a new low of $124 billion. This is the lowest amount since August 2021 and is 18 consecutive months of decline. Despite this, the market has shown strength by rebounding swiftly and stabilizing.Stablecoins, also known as “pegged” or “linked” cryptocurrencies, […]

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Coinbase’s Paul Grewal Warns of Semiconductor-Like Fate for Crypto Without Regulation
  • bob
  • 2023-10-07
  • Cryptocurrency Regulations
  • Market Analysis and Predictions
  • North America
  • Regulatory Developments

Coinbase’s Paul Grewal Warns of Semiconductor-Like Fate for Crypto Without Regulation

Paul Grewal, a Coinbase executive, believes that if the U.S. continues to delay in creating crypto regulations, the industry will suffer the same fate as the semiconductor industry.The semiconductor industry has been struggling in the U.S. due to a lack of regulation and the inability to compete with foreign markets. Grewal believes that the same […]

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Memeinator Token Sale Raises Over $643k, Stars Arena Hit by Major Hack
  • bob
  • 2023-10-07
  • Cryptocurrency Innovations
  • Cryptocurrency Regulations
  • Fintech and Blockchain Startups
  • Investment Insights
  • World

Memeinator Token Sale Raises Over $643k, Stars Arena Hit by Major Hack

Stars Arena, a fast-growing social app, announced a major attack on Saturday, resulting in the theft of over $3 million. The developers have since secured the resources to close the gap and are conducting a major security audit. Meanwhile, Memeinator, a new cryptocurrency, has raised over $643k in its token sale. It seeks to become […]

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Bitcoin Mining Companies Reach Record Outputs in September 2023
  • bob
  • 2023-10-07
  • Company News
  • Cryptocurrency Regulations
  • Market Analysis and Predictions
  • North America

Bitcoin Mining Companies Reach Record Outputs in September 2023

September of 2023 was a great month for Bitcoin mining companies. Three firms, CleanSpark, Riot Blockchain, and Marathon Digital Holdings, all reported record outputs. Kraken also witnessed a 5-year ATH of BTC inflow and a 506.06M hash rate spike in mid-September.CleanSpark mined 643 BTC in September, bringing its total BTC holdings to 2,240 and making […]

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Adam Yedidia Exposes $16 Billion Misrepresentation in FTX System
  • bob
  • 2023-10-07
  • Company News
  • Cryptocurrency Regulations
  • Financial Scams and Security
  • World

Adam Yedidia Exposes $16 Billion Misrepresentation in FTX System

Adam Yedidia, a former FTX developer, recently resigned after discovering that Alameda Research had used FTX customer funds to settle debts. A software bug in FTX’s system had miscalculated Alameda’s debt, leading to a $16 billion misrepresentation. The incident has raised serious questions about the transparency and financial integrity of the crypto sphere. Yedidia revealed […]

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