Author: hotcrypto

The biggest crypto heists to date are MT Gox, Bitgrail, Coincheck, KuCoin, PancakeBunny, Poly Network, Cream Finance, BadgerDAO, Vulcan Forged and Bitmart. MT Gox MT Gox was the first large-scale exchange hack, and it remains the most significant Bitcoin (BTC) heist from an exchange. The MT Gox robbery, on the other hand, was not a one-off occurrence. Rather, the site leaked cash from 2011 to February 2014. Hackers stole 100,000 BTC from the exchange and 750,000 BTC from its consumers over a few years. These Bitcoin burglaries were valued at $470 million at the time, but they’re now worth approximately…

The race to overtake the top altcoin has been on for quite some time now. In fact, Ethereum’s success over the years has led to the mushrooming of Ethreum-killers trying to disrupt the top altcoin’s market monopoly. Recently, according to data shared by Ava Labs CEO Emin Gun Sirer, the smart contract platform Avalanche processed 1.1 million transactions on January 27 reaching close to Ethereum’s transaction count.  Avalanche to Take Over ETH? Data shared by Sirer highlighted that Avalanche processed 1.1 million transactions reaching 96% of Ethereum’s load, inching closer to flipping the market leader. He further added that the…

What happened this week in the crypto world. Getty Welcome to the first edition of Nonfungible Tidbits, where we highlight some of the most interesting things that happened this week in cryptocurrency, NFTs and related realms. Certainly the biggest story this week was the price of bitcoin, which isn’t, um, doing well. Meta, formerly known as Facebook, is reportedly ending its stablecoin project. And last Friday, Twitter debuted a feature that allows subscribers to its paid Twitter Blue service to use an NFT as a profile picture. Here are a few other stories that caught our eyes this week. Getty SEC…

LeBron James is the latest star athlete to team up with a cryptocurrency company. The Los Angeles Lakers star is joining with Crypto.com to teach children about blockchain technology and what is being called “Web3.” Under the partnership, Crypto.com will work with James’ foundation to offer educational and workforce development opportunities around the emerging technologies, including in inner-city neighborhoods. “Blockchain technology is revolutionizing our economy, sports and entertainment, the art world, and how we engage with one another,” James said in a statement.  Blockchain is the technology behind bitcoin and other cryptocurrencies, allowing users to transact business securely using a decentralized…

TUCSON, Ariz. (KGUN) — Senator Wendy Rogers, a Republican, has introduced a new Senate Bill which would make Bitcoin a legal tender across the Grand Canyon State.S.B. 1127 State agencies; payments; cryptocurrency could allow state agencies to accept cryptocurrencies as a payment method of fines, civil and other penalties, rent, rates, taxes, fees, charges, revenue, financial obligations, and “special assessments” due to the state.The bill defines cryptocurrencies as: 1. “CRYPTOCURRENCY” MEANS ANY FORM OF DIGITAL CURRENCY IN WHICHENCRYPTION TECHNIQUES ARE USED TO REGULATE THE GENERATION OF UNITS OFCURRENCY AND VERIFY THE TRANSFER OF MONIES, OPERATING INDEPENDENTLY OF ACENTRAL BANK, INCLUDING…

Shiba Inu Teaser Survey: Rumors Speculates SHIB and Netflix Collaboration teaser survey mulls SHIB and Netflix (NASDAQ:) allianceShytoshi Kusama refutes restaurant chains collaboration with Shiba Inu In an official Shiba Inu (SHIB) teaser survey, SHIB developer, Shytoshi Kusama states that Shiba Inu has no connection with restaurant chains, raising Netflix collaboration concern. The words in the teaser read; ”Attention. Something is cooking? Will you be ready?” Attention #ShibArmy! Something is cooking… Will you be ready? pic.twitter.com/szaxj7hgPY — Shib (@Shibtoken) January 27, 2022 The crypto Twitter (NYSE:) was asked to guess the answer. Many people reacted with varying levels of emotions…

On Dec. 7, Rolling Stone magazine reported that someone had just paid $450,000 to buy virtual land in a metaverse crypto called The Sandbox (CCC:SAND-USD). The plot was close to a virtual land plot owned by Snoop Dogg. Nevertheless, this has not helped SAND crypto keep its price together. Investors seem to realize that the metaverse bump for SAND crypto might be over. Source: Ira Lichi / Shutterstock.com For example, since the end of the year, SAND crypto has fallen from $5.7742 per SAND token to $3.47, as of Jan. 28. That is a decline of 39.9%, similar to other…

Three months ago the crypto economy was worth more than $3 trillion and since then, digital currency prices have slid a great deal in value, as crypto assets have been sold and distributed across many hands. Over the last decade, fluctuating price cycles have made it so some addresses, typically referred to as crypto whales, have been able to accumulate vast quantities of coins. Moreover, a few crypto projects have also seen whales accumulate a majority of a token’s circulating supply via the initial distribution process. The Top 8 Crypto Assets by Concentration of Large Holders The subject of whales…

Safemoon, Babydoge, Saitama Inu, Floki Inu & Metahero – Why Bitgert & Centcex Are The Fastest Growing Crypto by Analytics Insight January 28, 2022 If your favorite project is here, feel free to share the articleBitgert and Centcex are among the fastest-growing cryptocurrencies in the industry today. This is based on project development, community building, and also the growing token value in the crypto market. The difference is clear when compared to projects on this list, some of which have been in the industry longer than the two. Read more below on why Bitgert and Centcex are currently the fastest…

Cardano network activity hit a peak with a spike in transactions on the network. Charles Hoskinson, the CEO of IOHK, is awaiting the launch of Vaccuumlab’s DEX on the Cardano network.  Decentraland (MANA) price has been on the front foot in a challenging market environment. MANA bulls look ready to eke out  28% of gains for this week after the price lifted from the 200-day Simple Moving Average (SMA) and is now set to pop and stay above the monthly S1 support level. Expect more investors to join the rally once the MANA price can consolidate above the S1 and…