Crypto Hack Weekly Report: DeFi Double Trouble & A $70M Phishing Attack

Story Highlights    Pike Finance, a lending platform, suffered two hacks in 3 days, totaling over $1.8 million stolen.       trader lost nearly $70 million in Bitcoin by accidentally sending it to a scammer’s wallet disguised as a legitimate address.       This highlights the importance of being cautious with crypto transactions and avoiding phishing scams. 29th…

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Dogwifhat Price Prediction: Here’s Why WIF Price Could Hit $10 Soon

Story Highlights     Dogwifhat’s price surged 21% recently, fueled by social media hype and endorsements from big names.       Despite experiencing price drops in April, Dogwifhat recovered and broke a downtrend, suggesting potential for new highs.       Dogwifhat has a passionate community and venture capital backing. It could soon reach $10. The recent meteoric rise of…

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Shiba Inu Coin: Here’s Why Shiba Inu Price Is Surging Today

Story Highlights    SHIB’s 10.4% surge to $0.000026 attracts attention, signaling market activity and potential gains.       SHIB’s burn rate spikes by 1009%, destroying 29.11 million tokens, impacting supply dynamics.       PayPal integration and Kraken Pro listing drive SHIB adoption, boosting market sentiment.. The Shiba Inu cryptocurrency (SHIB) has made an impressive leap of 10.4% in…

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A letter from Baroness has ignited discussions on the competitive landscape of the AI market in the UK.

Baroness Stowell of Beeston’s advocacy, voiced on May 2nd, highlights a pressing concern regarding the UK’s AI market. As a distinguished member of the House of Lords, she called upon the British government to adopt a more proactive approach toward resolving copyright concerns and promoting equitable competition within the AI sector. This call to action…

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Edward Snowden cautions that time is running out for Bitcoin privacy.

In light of recent actions by the U.S. government aimed at crypto mixers, Edward Snowden, renowned for his whistleblowing activities and staunch advocacy for cryptocurrencies, issued a poignant message via X on Thursday. He implored Bitcoin developers to place greater emphasis on enhancing privacy within the cryptocurrency’s protocol. Snowden emphasized that the window of opportunity…

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Report: Nigerian SEC Plans Meetings with Foreign Crypto Exchanges Amid Regulatory Crackdown

According to a recent report from CoinTelegraph, the Nigerian Securities and Exchange Commission (SEC) is scheduled to convene meetings with various cryptocurrency exchanges. The objective of these discussions is to delve into the current landscape of crypto regulation within the African nation. This development follows closely on the heels of significant regulatory actions undertaken by…

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BTC Surges Beyond $60,000 Amid Disappointing US NFP Data – Here’s the Future Direction of Bitcoin

Following a weaker-than-anticipated US labor market report, Bitcoin (BTC) has surged back into the mid-$61,000 range. This development has fueled optimism regarding the possibility of the Federal Reserve implementing multiple interest rate cuts before the conclusion of 2024. ❖ US Labor Apr Nonfarm Payrolls +175K; Consensus +240K ❖ US Apr Unemployment Rate 3.9%; Consensus 3.8%…

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Here’s Arthur Hayes’ forecast: Bitcoin is anticipated to surge back to $70,000. Wondering why? Keep reading.

Arthur Hayes, a prominent figure in the cryptocurrency space renowned for his role as the co-founder and former CEO of BitMEX crypto exchange, offered a glimpse into his optimistic perspective regarding the trajectory of Bitcoin’s price during a statement made on May 3rd. According to Hayes’ forecast, he envisages a scenario where Bitcoin’s price is…

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SHIB tokens show meme token resilience, with excitement over an upcoming hard fork for new features.

IN BRIEF SHIB rebounded following the implementation of the two-stage Shibarium hard fork. ShibaInu seeks to enhance its native blockchain by implementing more efficient consensus mechanisms and reducing fees. ShibaInu introduces competition among Validators to offer competitive fees, encouraging increased BONE token deposits. The TREAT token is gaining recognition as a promising tool for executing…

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Vodafone intends to leverage SIM cards to streamline cryptocurrency transactions on mobile devices.

Vodafone, a prominent telecommunications giant, is proactively exploring the utilization of SIM card technology to meet the anticipated surge in demand for cryptocurrency transactions conducted via mobile phones. In a revealing interview with Yahoo Finance Future Focus, David Palmer, Vodafone’s esteemed blockchain lead, shed light on the company’s strategic initiatives aimed at leveraging blockchain technology…

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