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Crypto Today: Thousands of Solano wallets hacked; Michael Taylor steps down as CEO of MicroStrategy; RobinHood lays off nearly a quarter of its employees

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Targeting Solana, hackers stole bitcoin from “hot” wallets. Despite the prevalence of attacks on blockchain platforms, Solana remains one of the fastest and cheapest digital asset trading ecosystems. The cryptocurrency (SOL) and blockchain-compatible USDC were stolen by cybercriminals. Independent professionals and security organizations believe that the ongoing assault has caused $8 million in damages. Solana has been the...

Bitcoin, Cryptocurrencies, News

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Inflation: This is what US,000 looks like in Argentina

Inflation: This is what US$2,000 looks like in Argentina

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Inflation is a problem that has plagued Argentina for approximately 70 years. The current situation is one of the worst on record, as the Argentine peso has depreciated sharply against the US dollar since early 2019. This has led to a drastic increase in prices, which means that local residents have to spend more and more money to buy basic goods such as food and medicine, and many are struggling to maintain their lifestyles. ...

Crypto adoption, Cryptocurrencies, Front page, News

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Arthur Hayes

Arthur Hayes’ $1M Bitcoin prediction

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Former BitMEX CEO Arthur Hayes restated his $1 million Bitcoin (BTC) price forecast recently. According to Hayes, the dominant digital currency will soon reach a price of $1 million. Hayes is optimistic about Bitcoin, but he advised his more than 270,000 Twitter followers to be patient since “these things take time.” According to previous reports, Hayes provided a schedule of around eight years for this to occur. Therefore, he...

Bitcoin, Cryptocurrencies, News, People in crypto

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Argentines rush to buy stablecoins after economy minister's resignation

Argentines rush to buy stablecoins after economy minister’s resignation

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Stablecoins rose in value over the weekend as a result of the peso’s steep decline in Argentina. The peso fell roughly 15% versus stablecoins DAI and Tether on many major local markets after Guzman’s departure. Over the weekend, the value of both stablecoins jumped from 245 pesos to 280 pesos. Consumers purchased up to three times as many stablecoins as normal over the weekend, according to major cryptocurrency exchanges, as...

Cryptocurrencies, Exchanges, Front page, News, Stablecoins

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celsius - three arrow capital

Celsius, 3AC, crypto stumbles continue

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The crypto carnage continues as nervous investors rush out and big digital asset-focused companies Celsius and Three Arrows Capital (3AC) feel the pressure. On Wednesday afternoon, it appeared that Three Arrows Capital (3AC) had been selling assets, including $40 million of its Lido Staked Ethereum (stETH).  The token, known as “staked ether,” has suddenly become a key focus for crypto traders trying to manage...

Cryptocurrencies, Ethereum, Front page, News

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