Cryptocurrency Hacks Continue: Is Infini’s $49.5 Million Loss the Wake-Up Call for Better Security Measures?

Analysis of the Infini Neobank Hack The recent hack of Infini neobank, resulting in a $49.5 million loss, underscores the ongoing challenges in the crypto space regarding security and private key management. This incident, where the hacker exploited a compromised private key to withdraw 49.5 million USD Coin (USDC) and subsequently swap it for Dai…

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Bitcoin Reserves: State by State Adoption, Market Impact, and Future Predictions

Analysis of Bitcoin Reserve Proposals in the United States The recent rejection of Montana’s House Bill 429, which sought to allocate up to $50 million in public funds to Bitcoin, stablecoins, and precious metals, marks a significant development in the ongoing debate about the integration of cryptocurrencies into public finance. This decision follows a pattern…

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Crypto Scammers Target AI Trading Bots: A Growing Threat

Analysis of the Evolving Crypto Scam Landscape The recent LIBRA meme coin scandal has exposed a new wave of sophisticated scams targeting automated trading bots. According to CertiK’s chief security officer, Kang Li, these scams involve designing fake tokens with hidden “backdoors” that appear safe to AI-powered trading bots. This bait-and-switch scheme allows scammers to…

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Pump.fun’s In-House AMM Could Shake Up Raydium’s Dominance and Send Shockwaves Through the Crypto Market

Analysis of Pump.fun’s In-House AMM and Its Potential Impact on Raydium Pump.fun, a popular Solana-based memecoin launchpad, is reportedly testing an in-house automated market maker (AMM) that could potentially replace Raydium as the default decentralized exchange for graduated tokens. This development was first spotted by the news aggregator platform Aggr News, which noticed a new…

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Bybit Hack: $1.46 Billion Crypto Heist Exposes North Korea’s Lazarus Group

Analysis of the Bybit Hack and North Korean Involvement The recent Bybit hack, resulting in the theft of $1.46 billion in cryptocurrency, primarily in Ethereum, marks the largest crypto heist in history, surpassing the $611 million stolen from Poly Network in 2021. This incident has significant implications for the cryptocurrency market, highlighting the vulnerabilities of…

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Fermion Protocol: Fractionalizing Luxury and Redefining Ownership

Introduction to Fermion Protocol and Fractionalization of Luxury Goods Fermion Protocol, a real-world asset (RWA) application built on Ethereum’s layer-2 network Base, is pioneering a new approach to luxury goods ownership through fractionalization. This innovative method involves dividing a digital asset into numerous shares or shards, allowing a larger group of collectors to share ownership….

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Argentina’s Crypto Reckoning: Can Javier Milei’s Trade Deal Ambitions Overcome the Risks of a Volatile Crypto Market

Analysis of Javier Milei’s US Trade Deal Ambitions and Crypto Controversy Javier Milei, the President of Argentina, has been making headlines with his efforts to secure a US trade deal, despite the country’s membership in the South American trade bloc, Mercosur. Recently, Milei spoke at the Conservative Political Action Conference (CPAC), where he expressed his…

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