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In July 2024, WazirX, one of India’s largest cryptocurrency exchanges, faced a monumental security breach that shook the confidence of its user base. The perpetrators, identified as the notorious Lazarus Group, managed to steal approximately $235 million by exploiting vulnerabilities within WazirX’s multi-signature wallet system. This breach not only affected the finances of the exchange
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Bitcoin’s ascent beyond $75,000 on Wednesday, further reaching $76,000 on Thursday morning, has heralded a new chapter in its market narrative. However, after these peaks, the cryptocurrency stabilized around $74,500, reflecting an intense dynamic between growth and consolidation. This rapid increase signals not just a price elevation but also a growing confidence among traders and
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The recent surge in Ethereum’s value, following Donald Trump’s victory, has sparked renewed interest and optimism in the crypto market. Rising over 8%, ETH is currently experiencing a significant moment that could dictate its trajectory in the near future. However, despite this climb, the digital currency remains tethered below a pivotal resistance level, a situation
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Samuel Edyme, affectionately dubbed HIM-buktu, embodies a unique fusion of talents as a web3 content writer, journalist, and aspiring trader. His literary prowess and foresight into market trends have landed him opportunities to write for notable platforms such as AMBCrypto, Blockchain.News, and Blockchain Reporter. This eclectic mix of skills highlights not only his versatility but
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The recent electoral triumph of Donald Trump has ignited debates across various sectors, and the Web3 domain is no exception. With the landscape of digital assets continuously evolving, exploring the ramifications of a Trump presidency within the sphere of Web3 gaming becomes important. This emerging field, characterized by innovation, community engagement, and digital asset ownership,
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The recent political landscape has sparked fresh debates within the cryptocurrency community, especially following the electoral victory of Donald Trump. As Matthews Hougan, the Chief Investment Officer of Bitwise, articulated in his memo circulated on November 6, this administration’s approach to regulation could herald what he calls a “Golden Age of Crypto.” With an upswing
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In a remarkable turn of events on November 6, Bitcoin’s price skyrocketed, eclipsing $73,700 and peaking at an impressive $75,000. This surge not only marked a new all-time high (ATH) for the cryptocurrency but has also ignited discussions among analysts regarding its potential trajectory. Among the voices weighing in on this development is crypto analyst
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In a significant development amid the fallout from the spectacular collapse of the FTX cryptocurrency exchange, a lawsuit has been initiated against Ryan Salame, the former co-CEO of FTX’s Bahamian subsidiary. This lawsuit, filed on November 4, seeks to claw back approximately $98.8 million in assets—both cash and crypto—from Salame. FTX accuses him of being
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Ethereum (ETH), one of the most prominent cryptocurrencies, has reached a critical juncture. With contrasting predictions circulating in the financial and crypto communities, the future performance of this altcoin remains uncertain. Some experts foresee Ethereum lagging behind Bitcoin, given Bitcoin’s recent robust upward momentum, while others are more optimistic, believing that ETH is on the
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