CRYPTOCURRENCY
Mixin Network Suffers $200 Million Hack
Mixin Network's cloud service provider database was hacked on September 23, 2023, leading to a loss of approximately $200 million. Blockchain security firm SlowMist is aiding in the investigation. Deposit and withdrawal services have been temporarily halted on Mixin Network.
Animoca Brands Secures US$20M for Mocaverse Expansion
Animoca Brands raised $20 million in a CMCC Global funding round to accelerate the Mocaverse project, a Web3-native tooling for gaming, culture, and entertainment. The funding will introduce Moca ID, a unique non-transferrable NFT collection, aiming to tap into Animoca Brands' 700 million potential users.
Why Bitcoin May Crash Below $20,000 Soon
Historical data and technical analysis can help predict Bitcoin's future price. In September 2022, Bitcoin experienced a -3.09% decrease, the most significant since 2014. Amplitude analysis suggests a potential downward spiral to $20,867.67. Technical analysis highlights the importance of the $26,000 support level and the $25,000 support line. Investors should remain vigilant and use historical insights and technical analysis to navigate Bitcoin's capricious valuation.
BIGG to Acquire Web3 Company TerraZero in $20M Deal
BIGG Digital Assets plans to acquire TerraZero Technologies Inc. for $20 million, a metaverse company with a 161% growth in Q1 2023. TerraZero will create a subsidiary for BIGG, with TerraZero's CEO serving a 12-month term.
Bankruptcy of FTX Incurs Over $200 Million in Legal Fees
An independent auditor has examined the legal fees incurred during the initial months of FTX's bankruptcy, revealing a staggering amount exceeding $200 million. The auditor justifies these significant fees, considering the monumental nature of the task at hand.
Bitcoin Breaks $20k for the First Time, the Legend Continues
Bitcoin just broke $20,000 for the first time and reached a record high, marking a milestone of an inevitable trend in money and finance.