Volabit Brings Bitcoin Mobile App and Bill Pay to Mexico - cyptoranking.com

2024-05-04

Popular crypto exchanges(2023 Update) 2024-05-04
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The amendments reportedly met some reservations from the Cyprus Bar Association, especially regarding the obligation for crypto service providers with acting licenses from other European countries to still register with the CySEC. Such provision was included in the amendments by the CySEC itself. Ledger hardware wallet. Source: Mingis / AdobeIn a dramatic turn of events during the collapse of crypto exchange FTX last November, a heroic act by an adviser played a pivotal role in preventing what could have been one of the largest crypto heists in history.According to a Wired report from Monday, Kumanan Ramanathan, an adviser to FTX from consulting firm Alvarez & Marsall, demonstrated quick thinking and courage, saving millions of dollars in cryptocurrency assets.Once a major exchange valued at $32 billion, FTX had recently declared bankruptcy due to financial troubles when an unidentified group of thieves targeted the exchange’s wallets just as new management took the helm.This theft could be seen by everyone on Ethereum blockchain explorer Etherscan as it happened.Amid the chaos, a Google Meet call was convened, bringing together FTX's remaining team members, bankruptcy lawyers, advisers, and consultants, but a major hurdle to sort out the situation was that only a handful of FTX's top executives has knowledge about how and where the exchange’s digital assets were stored.As a stopgap measure to protect the remaining funds, the participants in the call inquired if anyone had a hardware wallet.Kumanan Ramanathan, who had his Ledger Nano hardware wallet on him, volunteered for the task and set up a new wallet to secure the assets, a move that turned out to be pivotal for the exchange.Once Ramanathan had secured the assets on his own hardware wallet, FTX reached out to its crypto custodian BitGo to establish a more professional structure with secure cold storage for the remaining assets.While BitGo prepared these wallets, FTX staff members moved the remaining funds, effectively halting further theft.By the end of the night, Ramanathan was safeguarding between $400 and $500 million worth of crypto on his Ledger, the Wired report said, noting that the consultant’s actions played an indispensable role in preserving remaining assets for the bankruptcy estate.FTX ultimately suffered losses between $415 million and $432 million in crypto during the hack.Cyprus to Impose Strict Penalties on Unlicensed Crypto Service Providers – Report Volabit Brings Bitcoin Mobile App and Bill Pay to MexicoAstrology NFT project Lucky Star Currency rugged for over $1M — CertiK It's noteworthy that despite being launched much earlier than most Ethereum layer-2 solutions in June 2020, Polygon is now facing direct competition from Optimism (OP) and Base.

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Source: Adobe / jirsakThe new Ethereum scaling network Layer N has raised $5 million in a seed funding round led by PayPal co-founder Peter Thiel’s Founders Fund and investment collective dao5.The funding round, announced by Layer N on Wednesday this week, also saw participation from several other notable crypto investment firms, including Kraken Ventures, Mirana Ventures, GSR and Amber Group.“We’re incredibly excited to announce our $5M seed round led by @foundersfund and @daofive, alongside other major funds and angels,” the team wrote in a statement on X.It added that the funding round marks the project’s “first milestone towards building Ethereum’s financial superlayer.”‘Ethereum’s financial layer’In a thread on X, Layer N brands itself as “Ethereum’s financial layer,” with low fees and high transaction throughput.The thread further described Layer N as “the first layer 2 network on Ethereum specifically designed for and to scale DeFi,” and said it “aims to rival existing traditional financial networks.”Ethereum’s base layer has for a long time struggled with high fees and slow transaction speeds, offering an incentive for developers to build layers on top of it that are better suited for decentralized finance (DeFi) applications.Founders Fund’s increasing crypto focusPeter Thiel’s Founders Fund stood for $1.8 million of the total amount raised in Layer N’s funding round, the team behind the project confirmed to The Block.The investment from Peter Thiel’s fund came after it in April hired at Pantera Capital’s former co-chief investment officer, Joey Krug, as a partner.Peter Thiel has long been a proponent of Bitcoin (BTC) and crypto more broadly, and reports have even indicated that he may have crossed paths with Satoshi Nakamoto in Aguilla more than 20 years agoThiel’s fund also made headlines early this year when it became known that it had realized more than $1 billion in profits from selling off the vast majority of its crypto holdings shortly before the market crashed.Major Crypto Theft: $24 Million Drained from Ethereum Wallet in Phishing Scam The shift in blockspace profitability coincides with an expansion in ETH’s circulating supply, which is up roughly 8,900 ETH on the month, per data from ultrasound.money. Coinbase Wallet vs MetaMask|Best Crypto WalletsClose behind, 42.4% are labeled “text/plain,” adding up to about 14.93 million inscriptions. Other noteworthy mentions include 757,950 inscriptions of the “PNG” image type, 313,962 of the “JSON” variant, 228,210 of the “WEBP” format, and 131,025 bearing the “SVG” tag. The deceleration in inscriptions has offered a breather to bitcoin miners, allowing them to tackle the hefty backlog of transactions accumulated over the previous five months. Big Time’s creators, which include the former CEO of Ethereum-based virtual world Decentraland and several former AAA game developers, refer to its “player-owned economy,” where gamers can craft, trade or loot digital wearables and collectables in the form of non-fungible tokens (NFTs), driven by a native Big Time cryptocurrency, as they explore ancient civilizations and futuristic worlds.

General Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.Nouns DAO is forking again It is currently retesting the $27,500 support level, and a breakdown could lead to a further drop to the 50-day moving average in the short term. On the other hand, a bullish rebound and a break above the 200-day moving average could finally pave the way for the market to target the critical $30K resistance zone once again. Is there anything better than Ethereum?The idea of virtual, decentralized money since the inception of Bitcoin has become increasingly popular, carving out a place for itself and continues to co-exist with the financial system despite being frequently questioned and contested. Given the position of Bitcoin, the development of other virtual currencies proliferated. NFTs and Metaverse: Activewear and Luxury Brands Embrace Web3 Innovation

Give us a quick breakdown of Ankr as a DeFi infrastructure. We’re giving away 10,000 #XRP to one lucky trader in October 💼 Binary Options Basics: 3 Tips to Get StartedThe Terra / $LUNA deal came across our desk and I was assigned to it because I was the DeFi guy. Here’s what I had to say about the project. Miners on both networks generate and broadcast valid blocks via the inherently invaluable proof-of-work (PoW) mechanism.

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