UAE’s minister acknowledges future of crypto lies firmly within the mainstream financial system

Despite many jurisdictions and financial regulators taking a skeptical approach to the cryptocurrency sector, there are those who believe that it has already permanently changed the world and that the future of finance is tightly linked to it. One of them is the state minister for artificial intelligence (AI), digital economy, and remote-work applications in …

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Luna Investors Failed to Appreciate the Risks, Novogratz Says

TOKEN 2049 (SINGAPORE) — Galaxy Digital CEO Mike Novogratz said many retail investors who lost money in the collapse of Terraform Labs’ luna cryptocurrency had failed to appreciate the risks involved and held onto their tokens for too long. “It was heartbreaking when the whole thing collapsed,” he said. “When a token goes from 20 …

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Bank of England asserts blockchain adoption across all markets is too complex

Jon Cunliffe, Deputy Governor of the Bank of England, said on Wednesday, September 28, that using the blockchain technology that is the foundation of crypto assets to enable rapid trading and settlement across all financial markets is not desired given the issues that it would entail. According to Cunliffe, it is important to make sure …

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$149 Million Lost to Crypto Market Liquidations; Here’s Who Partly Sold BTC

The ongoing market sell-off has led to nearly $149 million in liquidations for leveraged crypto traders over the past 24 hours. According to data from Coinglass, 58,200 traders were liquidated, with mostly long traders suffering losses across the majority of exchanges. In topsy-turvy trade, Bitcoin and other cryptocurrencies surged early on Tuesday before falling sharply. The largest digital …

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NFT marketplace OpenSea pays $200,000 bounty to two ethical hackers

OpenSea has paid $200,000 in bounty rewards to two ethical hackers who discovered separate critical vulnerabilities in the NFT marketplace in the last ten days. Each hacker was individually rewarded $100,000. The first was paid to Corben Leo, a security expert and chief marketing officer at security firm Zellic, who said that he received $100,000 …

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Ripple CEO Says United States Is Behind Other G20 Countries Due To Lack Of Crypto Regulations

Garlinghouse has lamented the absence of clear crypto regulations in the U.S. Brad Garlinghouse, the CEO of leading blockchain company Ripple, said most cryptocurrency companies are willing to abide by regulations. He added that there is a need for clearer regulation of what needs to be regulated to help the nascent industry to thrive. “I …

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Lazarus hackers target macOS users luring them with crypto dream job offers

The infamous North Korean hackers known as the ‘Lazarus Group’ are at it again; this time targeting unsuspecting Apple macOS users hoping to land a dream job in the cryptocurrency industry. Specifically, in what is the latest variant of a hacking campaign dubbed ‘Operation In(ter)ception,’ the hackers have been luring macOS users with enticing job …

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Users Can Send LUNC From Terra Station Updated Mobile App As Gas And Tax Calculation Errors Fixed

Terra Station wallet is again functional for Terra Classic (LUNC) transactions. LUNC investors will be happy to know that they can once again send LUNC with their mobile phones. The Terra Rebels team has fixed gas and tax calculation errors on the Terra Station app, as announced in a tweet today. “TerraStation mobile app has …

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XRP Will Explode If This Happens, David Gokhshtein Repeats as He Considers Grabbing More XRP

Founder of Gokhshtein Media, podcaster and crypto enthusiast David Gokhshtein, has taken to Twitter to stress the importance of Ripple possibly winning against the SEC in court once again. He even stated that he is considering adding more coins to the bags of XRP he is holding already. “I want to push the XRP buy …

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