Author: CryptoExpert
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Crypto whale loses $24M in staked Ethereum to phishing attack
[ad_1] A cryptocurrency whale has fallen victim to a massive phishing attack, losing millions of dollars in staked Ethereum on the liquid staking provider Rocket Pool. A large cryptocurrency investor lost the entire address balance of Lido Staked ETH (stETH) and Rocket Pool ETH (rETH) due to a phishing attack, the cryptocurrency security firm PeckShield…
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Bitcoin Power: Over 88,000 Millionaires Built Their Wealth Through Crypto
[ad_1] The crypto world now boasts a staggering 88,200 crypto-millionaires scattered across the globe, according to the latest Crypto Wealth Report. This burgeoning class of wealth holders has seen their fortunes swell thanks to the ever-expanding digital asset universe. Astonishingly, half of these newly minted millionaires have pinned their financial dreams on Bitcoin (BTC), the…
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Vitalik Buterin Joins Forces To Craft A Regulatory-Compliant Tornado Cash Alternative
[ad_1] Ethereum co-founder Vitalik Buterin has joined forces with core developer Ameen Soleimani, Chainalysis researcher Jacob Illum, and industry scholars Fabian Schar and Matthias Nadler to co-author a groundbreaking research paper. In a move aimed at bolstering privacy on the Ethereum blockchain while navigating regulatory scrutiny, the paper introduces “Privacy Pools,” designed to serve as…
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Tether CTO clarifies rumors around photo of a container with the ‘Tether Energy’ logo
[ad_1] Paolo Ardoino, the CTO of Tether, posted a picture of large industrial containers sporting the logo of Tether Energy on Aug. 24. The photo sparked a flurry of rumors and speculations which Ardoino addressed in a separate post on X on Aug. 26. Ardoino’s initial picture started speculations about whether the image was photoshopped,…
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FASB rules ‘eliminate the poor optics’ that detered firms from crypto: Analyst
[ad_1] The United States Financial Accounting Standards Board’s new rules for crypto accounting will eliminate the “poor optics” that plagued companies holding digital assets, according to analysts from Berenberg Capital. On Sept. 6, the U.S. Financial Accounting Standards Board (FASB) approved new rules for cryptocurrencies with regard to how companies report the fair value of…
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UK’s AI ecosystem to hit £2.4T by 2027, third in global race
[ad_1] Projections released by the newly launched Global AI Ecosystem open-source knowledge platform indicate that the UK’s AI sector is set to skyrocket from £1.36 trillion ($1.7 trillion) to £2.4 trillion ($3 trillion) by 2027. The findings suggest the UK is set to remain Europe’s AI leader and secure third place in the global AI…
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Bitcoin price can hit $46K by 2024 halving — Interview with Filbfilb
[ad_1] Bitcoin (BTC) has a chance to end 2023 at $35,000 despite heading lower in between, veteran analyst Filbfilb believes. In his latest interview with Cointelegraph, the co-founder of trading suite DecenTrader reveals some BTC price targets that should resonate with the long-term holder base. Bitcoin faces multiple obstacles to its current uptrend, and the…
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Historic Bitcoin mining revenue fails to offset Canaan Q2 financial loss
[ad_1] Bitcoin (BTC) miner Canaan‘s second-quarter financial report showed that the firm operated at a loss during the reporting period despite its increasing mining revenue and computing power. Per the unaudited financial report, the miner generated a total revenue of $73.9 million, while its “cost of revenues” were $143.9 million, resulting in a gross loss…