Finiko Fugitives Suspected of Moving 750 BTC From Crypto Pyramid’s Wallet

A large amount of cryptocurrency has reportedly been withdrawn from a wallet previously controlled by the Finiko Ponzi scheme in Russia. The wallet’s unknown operators have transferred coins worth $48 million this month. The digital currency was split into smaller amounts and deposited to different addresses. 750 BTC Removed From Crypto Pyramid Finiko Wallet A total of 750 BTC, worth around $48 million at the time of writing, has been withdrawn from one of the wallets used by crypto Ponzi scheme Finiko, Forklog reported. Youtube blogger Andrey Alistarov broke the…

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Should You Invest In Bitcoin

The global craze for Bitcoin has been prevailing for more than a decade now. Investors and experts all over the world are wide-eyed when it comes to the expectations that Bitcoin has set over time, comparing it to the world’s reserve currency i.e. gold. More than ever, people are now interested to know where is the best place to buy bitcoins, with hopes of making it big. And this automatically sets the others thinking, is Bitcoin is a legit investment. Should they also invest in Bitcoin? Well, let us explore…

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A Paradigm shift in the NFT ecosystem

The NFT space is booming once more, whether on social media or in the news. It has become popular within crypto circles as well as in other sectors such as the art industry but also within the general public thanks to the media and many celebrities. In one example, a GIF file, secured by an NFT, sold for hundreds of thousands of dollars at auction. In February 2021, artist Chris Torres sold the Nyan Cat GIf for $590,000. That shows that this sector is gaining mainstream acceptance. However, there are…

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Altcoin Roundup: 3 Proof-of-work protocols focused on building Web 3.0

Proof-of-work models are evolving to support the growth of Web 3.0. Here’s 3 projects that offer miners substantial rewards for supporting the network. The proof-of-work (PoW) consensus model is the mechanism that kicked off the revolution that launched Bitcoin (BTC) in 2009 and it was the model of choice behind many of the popular projects in the early fledgling years of the crypto ecosystem. As time progressed, other consensus models like proof-of-stake (PoS) rose in popularity, especially as the cost of running mining rigs, the constant need to update equipment…

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