Author: hotcrypto

North Korean crypto hackers siphoned off nearly $400 million in crypto through cyber attacks in 2021 according to new data from Chainalysis.The type of crypto stolen has also seen a sea change according to the Jan. 13 report from the blockchain analytics firm. In 2017, BTC accounted for nearly all the crypto stolen by the DPRK, but it now accounts for just one fifth:“In 2021, only 20% of the stolen funds were Bitcoin, whereas 22% were either ERC-20 tokens or altcoins. And for the first time ever, Ether accounted for a majority of the funds stolen at 58%.”The report stated…

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First Mover Asia: Bitcoin Erases Prior Days’ Gains; Altcoins Slide CoinDeskBitcoin briefly falls below $40,000 and 5 other crypto updates you should know CNBCBitcoin heading for worst yearly start since at least 2012 Aljazeera.comBitcoin price news – live: BTC surges in value as US inflation hits 39-year high Yahoo Finance UKBitcoin Death Cross Is Staring Down Bulls After A Painful Retreat NDTV ProfitView Full Coverage on Google News This news is republished from another source. You can check the original article here

Cryptocurrency prices today declined after surging in the previous session with Bitcoin back below the $43,000 level. The world’s largest digital token was trading more than 2% lower at $42,787. Bitcoin has fallen nearly 8% since the start of the new year.  Ether, the coin linked to ethereum blockchain and the second largest cryptocurrency, tanked nearly 3% at $3,266, as per CoinDesk. On the other hand, Dogecoin prices were trading more than 9% higher at $0.17 whereas Shiba Inu plummeted nearly 7% to $0.000030. Meanwhile, Binance Coin was marginally lower at $480. Other cryptos like Solana, Cardano, XRP, Litecoin, Polkadot,…

An Ethereum whale with over $3.7 million in assets on its wallet has made a hefty investment in the meme-inspired cryptocurrency Shiba Inu ($SHIB) shortly after a popular business account on social media claimed Robinhood is set to list SHIB “as early as February.” According to whale monitoring resource WhaleStats, the Ethereum whale moved to buy 58.9 million SHIB, then worth around $1.9 million, while the meme-inspired cryptocurrency’s price was surging after rumors of the Robinhood listing started circulating. The whale’s biggest position is notably in SHIB, followed by the popular USDC stablecoin and Ethereum’s ether. Its next largest position…

Developers are looking for more efficient approaches to achieve an agreement as blockchains become increasingly practical for real-world applications. Both the Proof of Work (PoW) and Proof of Stake (POS) algorithms are comparable to the Proof of Authority (PoA) consensus. A new protocol that requires less computational power blends a certain level of decentralization with efficiency. It’s essentially a different approach to the same problem. Thanks to this technique, nodes no longer need to solve complicated mathematical riddles to validate blocks. As a result of the usage of a set of “authorities” to maintain the network, the Proof of Authority…

Tether Freezes $160M of USDT Stablecoin on Ethereum Blockchain CoinDeskStablecoin issuer Tether freezes three addresses holding $160 million of assets upon law enforcement request MarketWatchStablecoin Issuer Tether Freezes $1M in USDT pymnts.comTether froze over $1 million worth of USDT last week The Block CryptoView Full Coverage on Google News This news is republished from another source. You can check the original article here

Bitgert, Centcex, Safemoon, Saitama Inu, Floki Inu, Metahero & Radio Caca – Fastest Growing Crypto Project Of 2022? by Analytics Insight January 13, 2022 2021 is when the crypto market witnessed some of the fastest-growing cryptocurrencies, with the likes of Shiba Inu increasing by 50,000,000 % in just one year. This was a mind-blowing value appreciation. It means an investor who put $100 worth of $SHIB was a millionaire at ATH.In 2022, there is a high chance of having cryptocurrencies exploding with such high percentages. Here are some of the fastest crypto projects of 2022 that might grow fast in…

Last week, Vitalik Buterin, Ethereum (ETH)’s co-founder, voiced his disapproval regarding the emergence of cross-chain bridges, citing security vulnerabilities due to their interdependency. In the days that followed, however, developers working on cross-chain technologies largely dismissed his skepticism. In a statement to Cointelegraph, Kadan Stadelmann, chief technology officer of atomic swap blockchain Komodo, responded to Vitalik’s critique:”What we ultimately need is true decentralization. For example, instead of relying on one or two trusted bridges that have a single point of failure, it would be better to work towards a future where we have numerous bridges that are secure, trustless and…

Funding a media outlet is a tricky business, and in recent years, some journalists have looked toward the cryptocurrency world to do it. That includes Dirt, an entertainment newsletter co-founded by Kyle Chayka and Daisy Alioto in late 2020. Dirt has raised money since launch by selling non-fungible tokens (NFTs), and earlier this week, it announced plans to work those NFTs into a decentralized autonomous organization or DAO — giving its audience input into where Dirt spends its money. Dirt isn’t the first blockchain-based media outfit. In 2017, for instance, a project called Civil funded a panoply of websites using…