A group of former FTX and Alameda Research employees have raised $17 million to develop Backpack, a new crypto exchange. With a Series A round valuing the startup at $120 million, Backpack aims to fill the void left by the collapse of previous industry giants. Led by experienced figures from FTX and Alameda Research, the project signals a new chapter in the crypto exchange landscape.
High net worth individuals are flocking to Bitcoin like never before, signaling a seismic shift in investor sentiment and an impending bullish surge in the cryptocurrency market. At a recent function hosted at his golf club, Bob Burnett, affectionately known as “Bitcoin Bob” among his peers, witnessed a remarkable transformation in attitudes towards Bitcoin among attendees, most of whom were in their 50s and 60s.
MicroStrategy, a prominent business intelligence firm known for its significant Bitcoin holdings, faced a security breach on its Twitter account. The breach resulted in the posting of a phishing airdrop link, leading to financial losses for unsuspecting users. According to reports from ZachXBT, an analyst and cryptocurrency commentator, the hack has resulted in a loss of approximately $440,000. ZachXBT shared details of the incident on Twitter, revealing the wallet address associated with the compromised funds: 0xe7645b8672b28a17dd0d650a5bf89539c9aa28da. The phishing scam likely targeted users with promises of free airdropped tokens or cryptocurrency rewards, enticing them to click on the fraudulent link shared via MicroStrategy’s compromised Twitter account. Once users interacted with the malicious link, their funds were redirected to the attacker’s wallet, resulting in substantial financial losses.
Cardano founder Charles Hoskinson recently commented on the remarkable achievement of BUTANE, a project built on the Cardano blockchain, raising a staggering $49.5 million in ADA. Hoskinson’s remarks come amid discussions about the growing prominence of projects on the Cardano ecosystem.
Renowned financial educator and author Robert Kiyosaki issued a cautionary message to investors, highlighting the worsening banking crisis and the growing threat of war. In a tweet, Kiyosaki emphasized the potential for central banks to introduce Central Bank Digital Currency (CBDC) to increase surveillance on individuals. Amidst these concerns, Kiyosaki announced his decision to increase his holdings in Bitcoin and silver coins, citing silver as the biggest bargain and expressing his intention to use it as a form of currency over the US dollar.
Phase 2 of The Clash of Claims is reaching its final stage, with 1,400 claims remaining for participants to secure their share of ARCD tokens. As the claiming process progresses, individuals are encouraged to act swiftly to access the designated website and claim their allocation before Phase 2 concludes.
In a recent analysis, conducted by blockchain analysts, Ethereum emerges as the most decentralized among the top blockchains. This assessment comes as a result of evaluating various key factors contributing to decentralization across major blockchain networks. Ethereum’s robust network of validators, diverse client ecosystem, absence of permissioned elements, and active community participation contribute to its leading position in decentralization. This recognition underscores Ethereum’s resilience and underscores its pivotal role in the decentralized finance (DeFi) ecosystem and broader blockchain landscape.
John W. Ratcliff’s recent Twitter posts sparked debate about Satoshi Nakamoto’s contributions to Bitcoin’s foundational technologies. Ratcliff argued that while Satoshi didn’t invent individual components like proof of work or elliptic key signatures, his true genius lay in integrating these technologies to create the innovative Bitcoin network.
Worldcoin celebrated a significant milestone as its World App surpassed 1 million users, marking a record high for the platform. Developed by OpenAI co-founder Sam Altman, Worldcoin has seen a surge in the price of its token WLD, rising by over 140% in the past week due to the launch of Sora. The X post from the company expressed gratitude to the community for its incredible support and engagement.