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Ex-CEO of Mt. Gox clarifies Bitcoin shifting as preparatory measure


As per the ex-CEO of Mt.Gox, the earlier shifting of Bitcoin from the company’s wallet was simply a preparatory exercise and not an alarming incident. The fact that it went to an unidentified wallet meant nothing. The company set the date for allocation as the 21st of October. The process is looked...

Socket Protocol Loses $3.3M in Exploit, Users Urged to Revoke Approvals


Following a serious exploit in the Socket protocol that drained $3.3 million, the company has halted specific operations and urged users to revoke all approvals as a precautionary measure. Socket Responds to $3.3 Million Security Breach With Swift Action and Transparency Socket, a cross-chain...

Honduran City of Prospera Adopts Bitcoin as Unit of Account


The city of Prospera in Honduras has recently adopted bitcoin as a unit of account, allowing companies to pay taxes and determine obligations in bitcoin. The measure could incentivize the development of a circular economy, given that bitcoin has been legal tender in the city since 2022. Prospera...

US CPI Sees Slight Uptick in November, Fed Likely to Maintain High Rates


In November, the U.S. Consumer Price Index (CPI), a principal measure of inflation, registered a modest rise of 0.1%, maintaining a consistent annual increase of 3.1%. This minor growth in prices reflects subtle economic shifts, with energy costs witnessing a marked reduction, in contrast to...

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