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Phantom Wallet Update Leaves Trader With a $1 Million Loss Lesson


A recent update of Phantom, the signature self-custody wallet for the Solana blockchain, logged a meme coin trader out of his account, causing him to lose $1 million. 0xFiyopi, the affected trader, stated that he lost access to these wallets because he did not save the associated seed phrase....

Bitcoin Technical Analysis: BTC Holds Above $90K Despite Consolidation


Bitcoin has been holding steady at $90,258 to $90,509 over the last hour and indicators suggest a continuation of positive momentum, though minor pullbacks across timeframes hint at chances for strategic moves. Bitcoin Bitcoin‘s hourly chart showcases a recent climb to $91,909, followed by...

Crypto ETFs Take a Hit: Fidelity and Grayscale Lead Losses


On Friday, after a tough Thursday of losses, the 12 spot bitcoin exchange-traded funds (ETFs) faced another dip. Similarly, the nine spot bitcoin ETFs didn’t fare any better, wrapping up the day in the red. Bitcoin and Ether ETFs—Fidelity, Grayscale, Valkyrie, Bitwise, Ark Invest,...

It’s Morning in America for Crypto


With a decisive electoral sweep of the presidency and Congress, Trump’s second term could mark a transformative era for bitcoin, crypto, and the broader blockchain industry. This editorial is from last week’s edition of the Week in Review newsletter. Subscribe to the weekly newsletter to get...

Hong Kong Exposes Crypto Firms Misrepresenting as Licensed Banks


The Hong Kong Monetary Authority (HKMA) has issued a warning about the misuse of the term “bank” by overseas crypto firms operating in Hong Kong, cautioning the public to verify the legitimacy of such claims. The HKMA observed that two crypto firms, which are not licensed banks in Hong Kong...

Norway’s CBDC Timeline Clouded by Expert Committee’s Bold Advice


A Norwegian expert committee advising lawmakers has recommended no immediate need to adopt a central bank digital currency (CBDC). Despite the declining use of cash, which dropped to just 2% of transactions at physical points of sale during the pandemic, the committee emphasized cash’s importance...

Hive Announces Paraguayan Mining Site Construction Update, Hardware Revamp


Hive Mining, a data center and crypto mining company, gave an update on the construction of a Paraguayan bitcoin mega mining site that will host 100MW of mining hardware. The company also revealed a purchase of nearly $20 million in mining ASICs to revamp its current equipment. Hive Doubles Down...

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