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Tag Archives: featured1

The $600M PolyNetwork Hack: What Exactly Happened and What Investors Should Be Aware of

PolyNetwork, an interoperability protocol enabling atomic-cross chain transactions between multiple major blockchains, was just exploited to steal $600 million worth of investor’s crypto on Polygon, Binance Smart chain, and Ethereum What Exactly Happened? As reported by CryptoPotato earlier today, PolyNetwork announced that they had been attacked at 8:38 am EST. They immediately listed the addresses to which the anonymous hacker had transferred their funds on the ETH, BSC,...

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U.S. Senators Deal on Contentious Crypto Amendment Has Failed (Updated)

Key senators have reached an agreement on IRS reporting rules for cryptocurrencies, U.S. Senator Rob Portman (R-OH) announced in a tweet Monday. The industry and regulators await further details, but it looks like lawmakers have found clarification on who is and isn’t a broker in the blockchain business. UPDATE: The Amendment Has Failed As of August 9, 20:30 UTC, The proposed crypto amendment had failed, as Senator Richard Shelby (R-AL) has objected to the compromise...

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Bitcoin Suprasses $45K: Dogecoin Skyrockets 25% (Weekend Watch)

The weekend continues with impressive gains for bitcoin as the asset spiked above another coveted price line by reclaiming $45,000. Most altcoins are also well in the green, led by a massive surge from Dogecoin of over 25% in a day. Bitcoin Breaks Above $45K The positive developments in terms of USD price continue in the cryptocurrency market. The largest asset, bitcoin, has been on a roll since mid-July when it dropped below $30,000. Since then, though, the bulls have kept...

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Crypto Market Cap Taps a 2-Month Record as Bitcoin Touched $44K (Market Watch)

The bitcoin bulls came to play once more and pushed the cryptocurrency to a new near three-month high of around $44,000. Most alternative coins have seen gains as well, with ETH closing down to $3,000. The total market cap added another $100 billion in a day. Bitcoin Touched $44K Ever since the middle of the week, bitcoin’s price has been on a roll for most of the time. It recovered thousands of dollars in days and reached $40,000 on Thursday. At the time, though, the bears...

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US Congress to Vote on New Cryptocurrency Taxation Bill Supported by President Biden Tomorrow

With new regulation and taxation on the cryptocurrency industry coming from the U.S., the situation just took another turn as President Joe Biden openly supported the highly unfavorable amendment proposed earlier by Senators Mark Warner and Rob Portman. Biden’s backing seems to target proof-of-stake assets, while mining appears untouched. Sitrep: Taxation and Regulation on Crypto in the U.S. The growth of the cryptocurrency sector pushed global watchdogs to strengthen their...

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Bitcoin Pushes $42K, Ethereum London Hard Fork Now Live: The Weekly Crypto Recap

It was an exciting week in the cryptocurrency market with a lot of developments – both in terms of price and otherwise. Bitcoin went through a correction but managed to recover, while Ethereum’s long-anticipated London hard fork went live officially. Starting off with BTC’s price, the week was rather intense. Last weekend, we saw the cryptocurrency appreciating all the way up to $42K. The bulls were exhausted at this point, as multiple indicators started flashing overbought...

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Anthony Di Iorio Interview: The Early Days of Co-Founding Ethereum and Why He’s Leaving the Crypto Industry

Anthony Di Iorio is a well-known figure in the cryptocurrency space. He got into Bitcoin back in its early days, went on to become one of the co-founders of Ethereum, and also founded and spearheaded the popular crypto infrastructure provider – Decentral. In this interview, we go in-depth on all of the above, and we also discuss the recent reports which revealed that he will be leaving the cryptocurrency industry. Being one of Ethereum’s co-founders...

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WallStreetBets Founder Talks About GameStop, WSB Future, and How It’s Related to Bitcoin & Crypto (Exclusive)

Everyone who’s even remotely interested in investing and trading is definitely aware of the GameStop saga. It was an event that shook the financial community to an extent that we hadn’t seen before. It all started on a subreddit called WallStreetBets, which went on to become one of the most popular subreddits out there, harboring over 10 million users. CryptoPotato had the pleasure of talking to its Founder – Jaime Rogozinski. In this interview, we talk about WSB’s past,...

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Crypto Market Cap at 6-Week High: Polkadot (DOT) Explodes 16% (Market Watch)

The bitcoin bulls continued their offensive in the past 24 hours as the asset reached yet another 2-month high of over $42,500. Most alternative coins have outperformed their leader, including ETH, BNB, and DOT, which has jumped by more than 16% in a day. Green Altcoins; DOT Adds 16% of Value The altcoins were relatively stagnant yesterday, but the situation is significantly different today. Ethereum traded around $2,450, but a 6% increase has driven it to approximately...

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Bitcoin Spikes to a 2-Month High Above $42K: Up 25% in July (Market Watch)

Bitcoin has initiated another leg up, resulting in charting a new two-month high of just over $42,000. Apart from Chainlink, most alternative coins trail behind, and BTC’s market dominance has increased to well above 48%. Bitcoin Taps a 2-Month High As reported earlier this week, bitcoin went on a tear after dabbling with the $33,000 price line for a while and charted a $7,000 green candle. As a result, the cryptocurrency briefly exceeded $40,000 for the first time in over a...

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