Today’s headlines range from Vitalik’s hacked account causing a $700k loss, a $76M cryptocurrency scam captured in Thailand, Bitcoin potentially turning into a real global payment network, and the success formula for institutional crypto trading.
- Ethereum’s co-founder had his X account hacked. A fishing link was promoted and stole crypto and non-fungible tokens (NFTs) from wallets that interacted with it. In total, it caused a loss of almost $700k from victims.?
- The authors of a multimillion-dollar cryptocurrency scam that caused losses amounting to over $76 million. The scheme trapped at least 3,280 victims through a cryptocurrency investment platform called BCH Global Ltd. The victims had begun reporting the fraud to police in November last year after being deceived into investing their money in gold and the cryptocurrency USDT.
- A former executive at PayPal and Meta/Facebook explained his goals for Bitcoin development. Most payment services do not fully support international transactions or cross-application transactions. Lightspark, his company, is building payment solutions for Bitcoin’s Lightning Network, solving the “fax era” of global payments we are currently in.?
- The rise of institutional interest in crypto trading is transforming the landscape of the crypto market, demanding robust infrastructure, real-time market data, rapid execution, and secure systems. Crypto trading prioritizes security, reliability, and performance. To ensure secure transactions, minimal downtime, and uninterrupted trading experiences, providers adopt a cocktail of strategies.?
#Web3 #Cryptocurrency #Blockchain #Technology #VentureCapital
