Tag: crypto
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The fallen kings of crypto
Binance boss Changpeng Zhao has become the most powerful cryptocurrency figure to fall in a two-year period chaotic even by the standards of the notoriously volatile industry. Zhao stepped down as CEO of Binance — the largest crypto exchange in the world — after he and the company pleaded guilty on Tuesday to sweeping US…
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Bitcoin price surpasses Rs4.5 million for the first time in 2 months
On Saturday, Bitcoin surpassed $20,000 (Rs4.5 million) for the first time in more than two months. The strongest and most popular cryptocurrency in the world gained $922 from its previous closing to appreciate 4.6 per cent to $20,853 at 1:00 GMT on Saturday. Since January 1’s low of $16,496 for the year, the cryptocurrency has…
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Google accidentally transfers $249,000 to self-proclaimed hacker’s bank account
A blogger and security engineer who received a quarter-million dollars by mistake from Google claims he waited nearly a month for a response. On Wednesday, Sam Curry, who also describes himself as a hacker shared a screenshot along with the statement that the tech giant had “randomly” transferred him $249,999. Curry added in the tweet,…
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Crypto heist: Hackers steal $100 million from Harmony blockchain bridge
A blockchain bridge titled Harmony, which helps in transferring cryptocurrency tokens between each other, recently disclosed that $100 million in digital currency was stolen on Thursday morning from its Horizon bridge. Harmony revealed that its Horizon Ethereum Bridge was a victim of a “malicious attack” in a blog post outlining the incident. Harmony said that…
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Bitcoin surrenders weekend gains, slides 5 per cent
Cryptocurrencies continued their steady decline on May 16, surrendering the gains made over the weekend as regulators loomed. European authorities have reinforced their warnings about the vulnerabilities of cryptocurrencies. Bitcoin slumped 5 per cent to roughly $29,700 in Asian trade on Monday, falling alongside markets amid concerns about burgeoning inflation and borrowing costs. As the…
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‘Stablecoin’ crashes, bitcoin set for a record losing run
Following the collapse of TerraUSD, a so-called stablecoin, resonated across markets, cryptocurrencies suffered significant losses on Friday, with bitcoin trapped below $30,000 and on track for a record losing streak. Concerns about high inflation and rising interest rates have prompted widespread dumping of hazardous investments, including crypto assets. However, sentiment is particularly shaky, as tokens…
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Zulfi Bukhari mocks Miftah Ismail for not knowing about Web 3.0
Following Finance Minister Miftah Ismail’s admittance of being unaware of the third generation internet, or Web 3.0, Pakistan Tehreek e Insaf (PTI) leader Zulfikar Bukhari offered him “free consultation and training” on Web 3.0. “We’ll give you free consultancy services & coaching on Web 3.0 Miftah, but please don’t embarrass Pakistan like that next time,”…
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Twitter officially declares adding an edit button
The legendary “edit button,” which Twitter users have been demanding for so long that it’s become a cliché, is finally becoming a real thing. Twitter has now officially declared that it is working on allowing users to modify tweets after they have been posted on the platform. The aim is to enable users to correct any mistakes…
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Amitabh pays 2.61 crore PKR as GST after selling his NFT collection for 17 crore PKR
The Bollywood superstar, Amitabh Bachchan has finally paid 2.61 crore PKR in GST for the sale of his non-fungible token (NFT) collection, which was auctioned for 17.16 crore PKR in the first week of November 2021. Some of the netizens may remember that Bachchan had received a warning from the Directorate General of Goods and…
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PUBG developer collaborates with blockchain for NFT-based games
The South Korean gaming studio ‘Krafton’, who is also the developer of PUBG, has recently announced a partnership with a blockchain company ‘Solana Labs’ for the development, design, and marketing of NFT-based games and services. Solana Labs is also the developer of Solana blockchain, an Ethereum-competitor designed to offer fast transaction speeds at a lower…