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Month: June 2022

Societe Generale Selects Swiss Crypto Custody Specialist Metaco for Security Token Push

Big banks and custodians have entered the “FOMO” stage when it comes to crypto, said Metaco CEO Adrien Treccani. French lender Societe Generale (GLE) has selected Swiss cryptocurrency custody firm Metaco to work with the bank’s digital asset subsidiary SG FORGE. The SocGen Metaco partnership will, for now, focus on security tokens, an area of expertise …

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Ethereum $1K price support in danger as Q2 comes to a close

The latest ETH plunge has triggered a bearish continuation setup, with an interim downside target 20% below the current prices. Ethereum’s native token Ether (ETH) fell on the final trading day of Q2/2022, trading in sync with riskier assets amid persistent fears of higher inflation and rising interest rates. And it could result in further declines …

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SAMSUNG TO BEGIN PRODUCTION OF 3NM CHIPS WHICH COULD BE USED FOR MINING BITCOIN: REPORT

Samsung is reportedly trialing the production of 3nm foundry processing for chips enabling bitcoin miners to operate faster and with less power consumption. Samsung is reportedly in a trial production stage for 3nm foundry processing which could be used for mining bitcoin. The first customer will be PanSemi, a Chinese ASIC manufacturer and Qualcomm may …

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North Korea is likely culprit behind $100 million crypto heist, researchers say

KEY POINTS Hackers targeted Horizon, a so-called blockchain bridge that lets users swap tokens between different networks. There are “strong indications” that Lazarus Group, a hacking collective with strong ties to Pyongyang, orchestrated the attack, blockchain analytics firm Elliptic said in a blog post Wednesday. Harmony said it is “working on various options” to reimburse …

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MicroStrategy Buys Additional $10M Worth of Bitcoin

Not minding the losses accrued thus far, MicroStrategy Incorporated has continued to buy the dip, the latest of which is 480 units of Bitcoin (BTC) worth approximately $10 million. According to a Form 8-K filing lodged with the United States Securities and Exchange Commission (SEC), MicroStrategy said it “acquired approximately 480 bitcoins for approximately $10.0 …

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E-commerce Giant Ebay Files Trademark Applications Covering Wide Range of Metaverse, NFT Services

E-commerce giant Ebay has filed two trademark applications covering a wide range of products and services relating to the metaverse and non-fungible tokens (NFTs). Ebay’s NFT, Metaverse Trademark Applications Ebay Inc. (Nasdaq: EBAY) filed two trademark applications with the United States Patent and Trademark Office (USPTO) last week covering a wide range of products and …

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Crypto market crash wipes out millions from North Korea’s stolen crypto funds

North Korea leads the world in crypto crime, with over 15 documented instances of cyber theft amounting to $1.59 billion in stolen funds. However, the recent crypto market turmoil has wiped out millions of dollars from the country’s stolen crypto portfolio. The crypto market rundown that started in May wiped out hundreds of billions of …

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Sony looks beyond the PlayStation 5 with its own brand of PC gaming gear

KEY POINTS Sony is launching two PC gaming monitors and three headsets under a new brand called Inzone. The move pits Sony against established players in PC gaming hardware like Lenovo and Razer. It also gives the company a way of expanding its video game business beyond PlayStation. Sony is launching its own range of gaming-focused …

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New York Community Bank to Hold Assets Backing Circle’s USDC

This marks the first time a community bank will serve as a custodian for a stablecoin. New York Community Bank, a New York state-based community bank that also has branches in New Jersey, Florida and Ohio, will serve as a custodian for some of the reserve assets behind the USD coin (USDC) stablecoin, Circle, USDC’s issuer, …

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Bitcoin price limps under $20K as Asia extends global stocks weakness

No let-up in risk assets means Bitcoin faces more selling pressure, but hope remains that a key moving average could soon see a challenge. Bitcoin (BTC) returned under $20,000 on June 29 as analysts stayed hopeful of a trip higher. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Traders looks to $19,500 for support Data from Cointelegraph …

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