Author: FX Empire
Addressing privacy issues that users face with public blockchains and smart contracts, Secret (SCRT) delivers smart contract privacy. Transactions across other blockchains are secure but are viewable by everyone. While the transparency of some transaction details is not a concern, there are some details that should be hidden. In the case of Bitcoin (BTC) and other blockchains, a breach of ownership identity could result in the other owners’ identities being revealed. On the Secret (SCRT) blockchain, users can build and use applications “that are both permissionless and privacy-preserving”. Secret (SCRT) therefore protects users and also secures applications. The goal is…
Recent reports have revealed that North Korean hackers have stolen more than $1.7 billion from cryptocurrency exchanges over the past five years. However, the hackers have a long-term plan for the funds instead of swapping them for cash instantly. United States federal prosecutor-released statements have indicated that the North Korean hackers have been working with other money-laundering criminals to steal cryptocurrencies from at least three crypto exchanges before laundering the funds. Lazarus is the name of the group that is blamed for some attacks, including that of South Korean exchange Bithumb, KuCoin and YouBit exchanges. Per the reports, the hacker group is…
Bitcoin has gained numerous advocates over the past few years, with some billionaires and popular investors urging people to buy the cryptocurrency. The advocacy has helped Bitcoin to reach more people and increase the adoption of the broader cryptocurrency market. Ricardo Salinas Pliego, the third richest person in Mexico, has sent a new year message to his followers, urging them to steer clear of fiat currencies. He asked them to invest in cryptocurrencies such as Bitcoin. In his New Year message, Salinas stated that “Steer clear of fiat money. Whether it’s the Dollar, the Euro, or the Yen –it’s all the same.…
Joe Tsai, the vice-chairman of Chinese e-commerce giant Alibaba, recently admitted that he admires cryptocurrencies according to Chinese journalist and blogger Colin Wu revealed this in his latest tweet. Tsai is the vice-chairman of Chinese tech giant Alibaba and the owner of the Brooklyn Nets NBA team. Joe Tsai is also the chairman of BSE Global. Cryptocurrencies have drawn admiration from some of the most powerful entrepreneurs in the world over the past few years. The decentralized nature of cryptocurrencies and other features such as hedge against inflation are some of the reasons why popular figures are investing in Bitcoin and other cryptocurrencies.…
Bitcoin failed to settle above the 50 EMA near the $52,000 level and pulled back below the psychologically important $50,000 level. This move had a negative impact on crypto market mood, and all leading cryptocurrencies have found themselves under pressure. Ethereum declined below the support level at $4,000 and is trying to settle below the next support near the $3,900 level. Solana failed to settle above the $200 level and tested the support at the 20 EMA at $187.50. Binance Coin, Cardano, XRP, Terra, Avalanche are all moving lower as traders reduce their positions after Bitcoin’s move back below the $50,000 level. The current situation is especially disappointing for crypto…
There’s been plenty of crypto sports news in recent weeks, as platforms look to harness sports media coverage for growth. Last week, crypto exchange Crypto.com (CRO) bought Super Bowl LVI airtime as it looks to become a top 20 consumer brand within 5-years. The move came off the back of announcing a sponsorship deal with U.S female soccer team Angel City F.C. It’s not just the crypto platforms that are looking to sports, however. There has also been greater interest from players for crypto or fiat-crypto blended salaries. Top NFL Players Take Crypto This week, news hit the wires of a number of leading…
Tesla CEO Elon Musk is one of the most influential people in the cryptocurrency space, and he has inspired the creation of some meme coins in recent months. One of the meme coins is now performing well after getting listed on some major exchanges. Dogelon Mars (ELON), the meme coin inspired by Tesla CEO Elon Musk, has made it to two major cryptocurrency exchanges. The meme token was recently listed on Huobi and Gemini cryptocurrency exchanges. Dogelon Mars is a dog-themed meme coin hosted on the Ethereum and Polygon blockchains. The coin seeks to become popular like other leading meme coins…
GameStop, one of the best-performing stocks this year, continued its rally heading into the new year thanks to its adoption of cryptocurrencies. The company behind the popular meme stock GameStop announced earlier this week that it would start accepting Dogecoin (DOGE) and Shiba Inu (SHIB) as payment options for its products and services. GameStop partnered with cryptocurrency payment processor Flexa to start accepting cryptocurrencies for payment of its products and services. In addition to Dogecoin and Shiba Inu, GameStop also accepts a few other cryptocurrencies, including Bitcoin, Litecoin, Ethereum, Axie Infinity Shards (AXS), Decentraland ($MANA), and Smooth Love Potion (SLP). The company is one of the top-performing stocks since the start of the year. Over…
A recent Amazon advert has got the crypto world buzzing. The retailer advertised for a lead position in digital currencies and blockchain. The news excited crypto enthusiasts who couldn’t stop speculating on the move’s meaning. Some went as far as suggesting that Amazon teased its entry into the crypto space. This development saw the firm scramble for a clarification. It refuted that it was entering the crypto sector. But Its denial did little to quell the growing speculation. If anything, it left more answers than questions. Chief among these questions is what the idea means for Amazon’s crypto interests. It…
Dogecoin is one of the leading cryptocurrencies and the top meme coin in the market. The coin recently lost its place amongst the top ten by market cap but has been rallying over the past few hours. Dogecoin co-founder Shibetoshi Nakamoto recently talked about DOGE holders who try to ruin the community from within. The co-founder tweeted a diagram describing those people that are toxic to the Dogecoin ecosystem. Among the Dogecoin holders, Shibetoshi slammed those who criticize people who use Robinhood for their trading activities. Robinhood came under scrutiny a few months ago for the role it played during the GameStop meme trading saga. At…