blockchain

Pi Users in Uproar: Calls for App Deletion Mount Amidst Growing Concerns
03 Jul

Pi Users in Uproar: Calls for App Deletion Mount Amidst Growing Concerns

hightechz.net0 CommentsBlockchain, Technology, ,
The world of virtual currencies is no stranger to volatility, and Pi Network, a project aiming to build a widely accessible cryptocurrency, is facing a wave of discontent. Pi users are expressing their dissatisfaction through online forums and social media, with some even advocating for the deletion of the Pi Network app. The source of this frustration appears to be a confluence of factors. Some users point to the lack of concrete information regarding Pi's actual value and utility. While the project promises a future where Pi can be used for transactions, the specifics and timeline remain unclear. This lack…
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Bitcoin Activity Slumps: Active Wallets Reach Lowest Level in Over a Decade
29 Jun

Bitcoin Activity Slumps: Active Wallets Reach Lowest Level in Over a Decade

hightechz.net0 CommentsBlockchain, Technology, ,
The world's most popular cryptocurrency, Bitcoin, is experiencing a lull in user activity. According to on-chain data analysis from IntoTheBlock, the percentage of active Bitcoin wallets has plunged to its lowest point since late 2010. This decline signifies a significant drop in buying and selling activity among Bitcoin holders, suggesting a phase of market consolidation. Bitcoin. Photo: istock The data reveals that the weekly active wallet ratio for Bitcoin dipped to a low of 1.22% in June, with a peak of only 1.32% for the entire month. This stands in stark contrast to previous bull cycles, where the ratio reached…
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Mt. Gox Stirs the Market: Massive Bitcoin Transfer to Unknown Wallet
29 May

Mt. Gox Stirs the Market: Massive Bitcoin Transfer to Unknown Wallet

hightechz.net0 CommentsBlockchain, Trending, , ,
The long-dormant Mt. Gox, once the world's leading Bitcoin exchange, has rekindled concerns after a series of large Bitcoin transfers to an unidentified wallet. This unexpected activity, totaling over 140,000 BTC (worth roughly $9 billion at the time), has sent shockwaves through the cryptocurrency market. Bitcoin price plummeted after Mt. Gox is acting strange. Photo: CoinGape. A Troubled Past, a Puzzling Present Mt. Gox's history is marred by a devastating hack in 2014, resulting in the loss of hundreds of thousands of Bitcoins belonging to its users. The exchange subsequently shut down and filed for bankruptcy, leaving a trail of…
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The Face of Dogecoin, Kabosu Passes Away
25 May

The Face of Dogecoin, Kabosu Passes Away

hightechz.net0 CommentsBlockchain, Trending, , , ,
The internet is mourning the loss of a legend. Kabosu, the Shiba Inu dog whose image became synonymous with the wildly popular "Doge" meme and the Dogecoin cryptocurrency, passed away peacefully at 17 years old on Wednesday. Elon Musk and the symbol of Dogecoin. Photo: Fox Business From Shelter Dog to Viral Stardom Kabosu's journey began in 2008 when she was adopted from a shelter in Japan. A seemingly ordinary picture of Kabosu, tilting her head with a quizzical expression, was posted on her owner Atsuko Sato's blog in 2010. Little did they know, this photo would spark a global…
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Durian Malware Targets Cryptocurrency Companies: North Korean Hackers on the Prowl
23 May

Durian Malware Targets Cryptocurrency Companies: North Korean Hackers on the Prowl

hightechz.net0 CommentsBlockchain, Security, , ,
Cryptocurrency companies are under fire from a new kind of foe: malware. A recent report by cybersecurity firm Kaspersky revealed a campaign by the North Korean hacking group Kimsuky, targeting South Korean crypto firms with a previously unknown malware variant called "Durian." Illustration of hackers attacking a user's personal computer. Photo: Cointelegraph Durian's Deceptive Delivery Durian's attack strategy is particularly concerning. It leverages legitimate security software used specifically by South Korean cryptocurrency firms. This grants it a level of trust within the system, making it harder to detect. Once installed, Durian acts as a multi-purpose tool for the attackers. Multifaceted…
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Pi Network: Shrouded in Secrecy, Father Unknown
17 May

Pi Network: Shrouded in Secrecy, Father Unknown

hightechz.net0 CommentsBlockchain, , ,
The Pi Network, a mobile app promising easy access to cryptocurrency mining, has garnered significant user interest. However, a cloud of mystery surrounds the project's leadership, particularly the identity of its creator, often referred to as the "father" of Pi Network.exclamation Nicolas Kokkalis. Photo: Pi Network A Decentralized Dream? Pi Network aims to make cryptocurrency mining accessible to everyone through a smartphone app.expand_more This approach stands in stark contrast to traditional mining, which requires specialized hardware and consumes significant energy. However, the lack of transparency regarding Pi's core team raises concerns.exclamation Who is Nicolas Kokkalis? While the official Pi Network website…
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Doge Day Afternoon? Memecoin Mania Returns as Prices Surge
16 May

Doge Day Afternoon? Memecoin Mania Returns as Prices Surge

hightechz.net0 CommentsBlockchain, Trending, , ,
Remember Doge and Shiba Inu? Those once-mighty memecoins, fueled by social media hype and celebrity endorsements, appeared to have faded into obscurity. But hold onto your floppy disks, because the tides may be turning. A renewed surge in memecoin prices suggests a potential comeback for these internet-born tokens. Memecoin price on May 16th. Photo: Coinmarketcap What's Sparking the Rally? There isn't a single, definitive reason behind the memecoin resurgence. Here are some contributing factors: Market Momentum: The overall cryptocurrency market has been experiencing a positive trend in recent weeks. This bullish sentiment might be spilling over to memecoins, attracting opportunistic…
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Binance Founder Changpeng Zhao (CZ) Receives Four-Month Prison Sentence
15 May

Binance Founder Changpeng Zhao (CZ) Receives Four-Month Prison Sentence

hightechz.net0 CommentsBlockchain, Trending, , ,
In a surprising turn of events, Changpeng Zhao (CZ), the founder and former CEO of the world's largest cryptocurrency exchange Binance, has been sentenced to four months in prison by a Seattle court. This news has sent shockwaves through the cryptocurrency community and raises questions about the future of Binance. Guilty Plea and Underlying Charges The details surrounding the charges against CZ remain somewhat limited. However, we do know that CZ pleaded guilty in November 2023 to violations related to anti-money laundering (AML) regulations. These violations likely involved Binance's failure to implement adequate safeguards against money laundering activities on its…
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