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N. Korea Feels the Pinch as Value of Stolen Crypto Plunges Amid Weapon Tests

North Korea is experiencing hardship after the crypto crash wiped off millions from its stash of stolen digital assets. Reuters reported on June 29, citing four digital investigators. According to the investigators, the bear market threatens a key funding source for Pyongyang and its weapons programs. Allegedly, North Korea has invested heavily in sophisticated crypto hacking groups over the years. As a result, the country has become a significant threat, successfully orchestrating multiple high-profile attacks on the crypto space. An…

Millennials Consider Crypto as a Possible Retirement Plan, Study Says

A recent poll observes the prevalence of crypto among US residents above 18 years.   As technology continues to shape the future as we see it, it appears that millennials are putting their best foot forward in alignment with technological development. French company Alto Invest recently explored prevalent investment practices of persons aged 18 years and above. While most respondents expressed a desire for real estate investment, several others considered crypto a bargain for the future. Alto Invest’s findings concluded…

Rich Dad’s Robert Kiyosaki is Waiting for Bitcoin to “Test $1100”

Famous investor and life coach Robert Kiyosaki tweeted this morning that he was waiting for Bitcoin to dip to $1100. While there is evidence that the celebrity author intended to tweet “$11,000”, several Bitcoin enthusiasts still don’t agree with his analysis.   Typo or  Impossible Prediction? The author of ‘’Rich Dad, Poor Dad’’ took to social media around 1:30 am UTC to share his “buy-the-dip” plans. Robert Kiyosaki has long been a crypto proponent and Bitcoin bull. However, despite his position…

Over 11,000 Grayscale Investors Petition SEC Ahead of Spot ETF Approval Deadline

Grayscale – the world’s largest Bitcoin fund – will see its Bitcoin Spot ETF application approved or denied by next week. Ahead of the Security and Exchange Commission (SEC)’s decision, CEO Michael Sonnenshein has issued a reflection letter to investors. He details the progress they’ve made with the transition, including thousands of SEC-directed letters from investors encouraging its acceptance. A Drawn-Out Battle In his letter shared on Monday, the CEO reminds investors that GBTC was designed to be an ETF…

FTX Shoots Down Claims of Exploring an M&A Deal with Robinhood

FTX does not have active M&A conversations with Robinhood, FTX CEO Sam Bankman-Fried told CNBC in an emailed statement. Bankman-Fried’s disclosure came after Bloomberg reported that FTX is exploring opportunities to acquire the American crypto and stock trading platform. Bloomberg’s report cited people familiar with the matter. While Bankman-Fried claims FTX is not holding any M&A talks with Robinhood at the moment, he said, We are excited about Robinhood’s business prospects and potential ways we could partner with them, and…

Crypto Analytics Firm Kaiko Secures 53M in Series B Funding Round

Kaiko, a Paris-headquartered blockchain data analytics firm, has secured $53 million in a Series B funding round. Bloomberg reported earlier today, noting that Eight Roads led the funding round alongside French VC Revaia. The financing round also attracted investments from existing investors like Alven, Point Nine, Anthemis, and Underscore. The company’s Series B round comes amid one of the harshest bear markets in the history of cryptos. According to a Kaiko spokesperson, this funding round has tripled the firm’s valuation…

AssetDash – Bring All Your Portfolio Trackers to One Place

AssetDash is an all-in-one portfolio tracker for cryptocurrencies, stocks, DeFi, and NFTs, aiming to make digital asset tracking quick and easy. The app is currently available in the iOS App Store, ranking 1st in the NFT portfolio tracker app section. This AssetDash review looks closer at the app’s features, potential, and the team’s plans for the future. Read on to discover how you can track your investments more efficiently. What is AssetDash? Crypto enthusiasts with large portfolios can have difficulty…

Ethereum Merge will Decrease Demand for GPUs, New Research Suggests

Morgan Stanley says changing to Proof of Stake might not solve Ethereum's scaling problems.   An equity strategist for Morgan Stanley claims Ethereum beacon-mainnet merge will cause demand for graphics processors to plummet in the coming months. The Ethereum platform has been undergoing a parade of testnets preparing for its merge with Beacon Chain. This merge is a move to facilitate the blockchain's transition from operating a Proof of Work model, to Proof of Stake.  The PoW consensus model understandably…

America’s Libertarian Party Shows Support for “Decentralized Currency”

America’s Libertarian party – the nation’s third-largest political party – made a statement on Sunday that possibly signals support for cryptocurrency. The tweet advocated for the “separation of money and state” as an “imperative” for individual freedom. “A decentralized, immutable currency that scales and is salable over time and space will combat the power of the regime,” it reads. The statement seems to highlight properties for which Bitcoin is often praised. The primary cryptocurrency is known for being the first…

Anonymous Calls Out Do Kwon for Scamming Terra Luna Investors

Anonymous – the infamous global hacking collective – recently posted a video message targeted at Terra ecosystem co-founder Do Kwon. The group promised to work with worldwide governments in exposing the founders’ entire criminal history since entering the industry. Terra’s Meltdown In Sunday’s message, Anonymous began by acknowledging the poor present state of the crypto market, and the broader economy. “We were likely going to experience some pain in the crypto industry because of the macro environment, regardless of what…

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