Author: Top Rated Cryptos
CoinSwitch Cuts Customer Support Team Amid Regulatory Uncertainty Breaking Down the News Indian crypto exchange, CoinSwitch, has laid off members of its customer support team. The move comes amidst uncertain crypto regulation and strict taxation policies. CoinSwitch, backed by Andreessen Horowitz and Coinbase Ventures, has let go of 44 employees. The cryptocurrency industry in India is facing challenges due to lack of clarity from the government. Regulatory Uncertainty Plagues Indian Crypto Exchange Amidst a climate of regulatory uncertainty and stringent taxation policies, major Indian crypto exchange CoinSwitchhas made the decision to downsize its customer support team. The exchange, which boasts…
The CoinsPaid Attack: A Complex Infiltration by Lazarus Introduction: The recent attack on CoinsPaid, a prominent cryptocurrency company, has sent shockwaves across the industry. This malicious operation, believed to have been carried out by the notorious Lazarus hacker group from North Korea, unfolded over a span of six months. The attack, highlighted by entrepreneur and CoinsPaid advisor Evan Luthra in a detailed Twitter thread, has drawn attention to the complexity and sophistication of cyber threats in the crypto space. Key Points: – The CoinsPaid attack was a six-month-long operation – The attack was likely orchestrated by Lazarus, a North Korean…
Avalanche-Backed Pixion Games Closes Seed Funding Round with $5.5 Million Web3 gaming studio Pixion Games, backed by Avalanche, a next-generation blockchain platform, has concluded its seed funding round, raising an impressive $5.5 million. This funding will enable Pixion Games to further its goal of combining blockchain technology with gaming to create an immersive and unique gaming experience for its users. What is Pixion Games and How Does Blockchain Come into Play? Pixion Games is a web3 gaming studio that aims to combine blockchain technology with gaming. The use of blockchain technology enables Pixion Games to offer a decentralized and secure…
Crypto Exchange OKX Publishes Monthly Proof-of-Reserves Report An Insight into OKX’s Latest Proof-of-Reserves Report Key Points: OKX, a prominent cryptocurrency exchange, has released its eighth consecutive monthly report on proof-of-reserves (PoR). The report discloses the balances of BTC, ETH, and USDT held by OKX, amounting to an impressive total of $11.3 billion. Proof-of-reserves is a measure taken by exchanges to provide transparency and establish trust with their users. OKX’s latest report demonstrates their commitment to maintaining adequate reserves and ensuring the security of user funds. Transparency reports such as these play a vital role in enabling users to assess the…
The Rising Institutional Adoption of Bitcoin Key Points: The crypto industry faces challenges amidst a bear market and high inflation. A recent report by CryptoQuant indicates the continuous institutional adoption of Bitcoin. Increased interest from institutional investors could potentially push Bitcoin prices higher. The integration of Bitcoin into institutional portfolios offers diversification and potential hedging against inflation. Regulatory clarity and improved infrastructure are facilitating institutional participation in the crypto market. The Crypto Market Amidst Challenges The cryptocurrency industry has not been immune to the challenges brought about by the bear market and the threat of high inflation. Over the past…
Ethereum Continues to Advance Amid Crypto Market Struggles Key Points: – Ethereum (ETH) continues to make progress despite current struggles in the crypto market. – The implementation of Ethereum 2.0 promises to improve the scalability and energy consumption of the network. – The rise of NFTs and DeFi are driving demand for Ethereum as a platform. – Recent successful upgrades, including the London hard fork, have increased investor confidence in Ethereum’s development. Despite a rocky few months for the crypto market as a whole, Ethereum (ETH) has been quietly making significant strides forward. Through its innovative development and growing demand…
Why Bitcoiners Undervalue the Immutable Digital Ledger Key Points: Bitcoiners often focus on the undervaluation of bitcoin as an asset, but fail to recognize the underestimation of the Bitcoin network The Bitcoin network, also known as the immutable digital ledger or the timechain, has numerous uses beyond sending value Inscriptions and BRC tokens demonstrate additional uses of the timechain, increasing its perceived value The market currently undervalues the network and the cost of putting data on it is far below its true worth Satoshi Nakamoto’s invention of the timechain is as mind-blowing as the creation of digital money The decentralized…
BTC Prague Shows The Importance of Personal Connections In Bitcoin A Conference Literally For Anyone BTC Prague showcased that Bitcoin education and networking should be accessible to anyone, as even the cheapest ticket to attend was affordable at only 9 euros. The event focused on educating newbies to Bitcoin and providing comprehensive information about everything they needed to know. The access requirements for attending the conference were considerably low, making it available to a broad audience outside of the Bitcoin industry. This emphasized how in-person conferences and low-cost events can help mainstream the cryptocurrency. Industry Day Rulez! Industry Day at…
To understand the new politics stance and other pro nationals of recent times, we should look to Silicon Valley and the quantified movement of the latest generation. If Bitcoin were to lose half its present value — which is not unlikely, given its extremely volatile past behavior — Tesla will lose around A$1 billion. As Elon Musk owns about a fifth of Tesla, he would then be down A$200 million. In contrast, I own no Bitcoin so I will lose nothing. Nor is Musk doing his fans any favors. As a “rock star CEO” with more than 40 million followers…
To understand the new politics stance and other pro nationals of recent times, we should look to Silicon Valley and the quantified movement of the latest generation. If Bitcoin were to lose half its present value — which is not unlikely, given its extremely volatile past behavior — Tesla will lose around A$1 billion. As Elon Musk owns about a fifth of Tesla, he would then be down A$200 million. In contrast, I own no Bitcoin so I will lose nothing. Nor is Musk doing his fans any favors. As a “rock star CEO” with more than 40 million followers…