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WazirX, one of India’s leading cryptocurrency exchanges, has fallen victim to a massive hack, resulting in the theft of approximately $230 million in various digital assets. The breach, confirmed by multiple security analysts, has been detailed by Lookonchain , a blockchain Analysis firm. According to Lookonchain’s Analysis in an X post on July 18, the largest loss was in Shiba Inu (SHIB) tokens, with a staggering 5.43 trillion SHIB, valued at $102 million , being stolen. This makes SHIB the most affected cryptocurrency in this high-profile hack. Picks for you Coinbase stock a ‘ticking time bomb’ on weekly chart: Here’s why 1 hour ago $1 Billion asset manager shorts Trump stock day before assassination attempt ...

Back on May 15, the popular influencer Andrew Tate made a somewhat controversial post on X claiming he is about to abandon fiat currencies in favor of cryptocurrencies with a $100 million Bitcoin (BTC) investment.  While it remains unclear if he had done so, particularly given his subsequent reply to the tweet, there is little doubt that the former kickboxing star owns a significant amount of the digital asset. I haven’t done this yet because I actually have more crypto than fiat. But I think I’ll just leave fiat completely. — Andrew Tate (@Cobratate) May 15, 2024 Whatever the specifics may be, the idea of abandoning the banks and the ‘scams’ apparently came home to roost by June 25, 2024 – a little over a month later – with a massive plunge in the price of Bitcoin. Picks for you Cryptocurrency approves ...

Hydration, a decentralized finance (DeFi) project within the Polkadot (DOT) ecosystem, has received 2 million DOT tokens, equivalent to $14.4 million, to enhance the liquidity and trading efficiency of its liquidity provisioning platform, Omnipool, according to the information disclosed to Finbold on June 10. Strengthening Omnipool with native liquidity The first million DOT will be distributed over a year to attract fresh liquidity to the Polkadot ecosystem, and Liquidity Providers (LPs) can expect initial rewards exceeding 200% APY.  Hydration’s single-sided LP system enables users to provide a single asset and join an incentives farm, with incentives available for various assets, including native stablecoins. Picks for you How rich is the first female Washington senator: Patty Murray's net worth revealed ...

GameStop stock (NYSE: GME) is up 165% year-to-date, and the cryptocurrency market has navigated this hype with a GME memecoin. A Solana (SOL) DeFi trader has made $2.8 million in unrealized profits with this purely speculative meme token. In particular, the account ‘7eTbufa‘ purchased the GME token on January 29 and April 3 while trading at low prices. Overall, the trader stacked 90.23 million GME in Solana year-to-date and patiently held despite months of low volume. This strategy is paying off, as these holdings were worth $2.86 million when Lookonchain reported the achievement. Specifically, GME traded at $0.03120 on the decentralized exchange Raydium, while Solana currently trades at $171. Picks for you How rich is Iowa senator Joni Ernst; Joni Ernst’s net worth revealed 2 hours ago ...

Binance, a global blockchain ecosystem, has announced the launch of its inaugural Binance World Championship, as per the most recent info disclosed to Finbold on June 4.  Commencing today and lasting until June 25, the event boasts the largest rewards pool in the history of the platform, totaling over $4.2 million, and serves as a testament to its commitment to the community.  The championship is open to both new and existing users, allowing everyone to delve into the world of cryptocurrency, participate in various campaigns, showcase their trading strategies, and earn reward s. Picks for you Bitcoin could trigger a stock market boom similar to the 1980s, says veteran trader 6 hours ago AI sets Chainlink (LINK) price for June 30, ...

In just a week after raising $200,000, play-to-earn (P2E) meme coin PlayDoge ($PLAY) has secured an additional $1.5 million , bringing the total raised in its presale to a staggering $1.7 million . The interest in meme-based tokens has undoubtedly erupted in 2024, and PlayDoge, which is looking to unseat Floki ( FLOKI ), is offering more than just humor and novelty – or even political overtones. PlayDoge combines the iconic Doge meme with the beloved Tamagotchi game from the 90s, creating a fun virtual gaming experience where players can even earn its native token, $PLAY. But for those eager to get in on the action even before the game’s launch, the presale is ongoing, allowing users to purchase one token for the price of only $0.00502. With only two days to go, the presale is about to enter its fourth stage, which will see the price increase to $0.00503, so make sure you get in early to lock in $PLAY at a lower rate. Meme Coins Sizzle As Su...

Although Bitcoin (BTC) has started to consolidate its gains from the previous days, setting the mood for the majority of other assets in the cryptocurrency market, a stellar price of a whopping $1 million is almost a certainty in its future with one particular factor at play. As it happens, the Bitcoin market seems to be in the early stages of a phenomenon called ‘game theory,’ which could play an important part in driving further mainstream adoption and price gains for the flagship decentralized finance (DeFi) asset, according to The Motley Fool ’s RJ Fulton. How will Bitcoin reach $1 million? Specifically, the United States Securities and Exchange Commission (SEC) approving spot Bitcoin exchange-traded funds (ETFs) has opened the way for a broader adoption of the maiden crypto asset, allowing institutional investors to gain exposure while avoiding direct involvement with the crypto sector. Picks ...

Two UK men who owned Banksy artwork were jailed on Friday for stealing £5.7 million ($7.1 million ) in crypto by using a fake crypto exchange mimicking Blockchain.com.  38-year-old Jake Lee and 42-year-old James Heppel used the fake “blockchain.com” site to bait users into entering their login details. With this information, the two gained access to their victim’s crypto and bitcoin wallets and stole their funds.   According to the South West Regional Organised Crime Unit, the pair managed to scam 55 victims in 26 different countries. Police have seized a £60,000 Banksy print, three vehicles, £64,000 in crypto, and £551,000 in a suitcase full of cash from the pair as part of a £835,000 ($1.04 million) seizure.  The £60,000 Banksy art seized by authorities. Read more: Cartier jewelry heir arrested for laundering drug money with USDT Lee was arrested on suspicion of money laundering in 2018, when police seized £24,000 in cash and three laminated ...

Key takeaways Bitcoin continues to trade below $52k and could rally higher soon. The Bitcoin Dogs presale has raised more than $3 million roughly a week after launch. Bitcoin could surge towards $55k soon The cryptocurrency market has been consolidating over the last few days following its rally last week. Bitcoin’s price has been stagnant since the start of the week but could surge higher soon. At press time, the  price of Bitcoin stands at $51,613, down by 1% in the last 24 hours. The poor performance comes after it reached a yearly high of $52,623, its highest level since 2021. Thanks to the recent rally, Bitcoin’s total market cap has now crossed the $1 trillion mark for the first time in more than two years. Despite the recent consolidation, Bitcoin could be eyeing the $55k level soon as the bulls remain in control.  What is Bitcoin Dogs? With Bitcoin rally ing since the start of the year, investors continue to keep an ey...

With Bitcoin (BTC) starting the week on a bullish note, much like the majority of assets in the cryptocurrency market, experts predict more gains to come, and some are confident that the maiden digital asset will surpass $100,000 in the next couple of years. As it happens, pseudonymous cryptocurrency analyst PlanB, a.k.a. 100trillionUSD, reiterated the prognosis from earlier this year, arguing that Bitcoin’s halving event could trigger its move above $32,000, with the 2025 bull market culminating at $100,000 and beyond, in an X post published on September 18. Indeed, as the expert pointed out, the November 2022 low was the bottom for Bitcoin, expecting it to rise towards the 2024 halving, particularly as it has already risen from $18,000 to $27,000 since January 12, when PlanB made the original prediction. Bitcoin’s realized price. Source: 100trillionUSD Therefore, the analyst believes that the 2024 halving will bring the largest crypto asset into a price range between $23,000 an...