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The United States, Japan, and South Korea have joined together to warn the industry about the ongoing hacking threats by North Korean actors after observing “aggressive” targeting of the crypto industry. US, Japan, South Korea Send Warning In a joint statement, the US, Japanese, and South Korean governments warned the blockchain technology industry about the Democratic People’s Republic of Korea (DPRK) cyber attackers’ targeting and compromise of different entities worldwide. According to the statement, the advanced persistent threats from groups linked to North Korea, including the Lazarus Group, continue to demonstrate “a pattern of malicious behavior in cyberspace” with their numerous campaigns to steal cryptocurrencies. These attacks threaten the three countries and the international community as they compromise the integrity of the financial system and worldwide stability by funding DPRK’s for B.M. programs with stolen crypto funds. The DPRK’s cyber program threatens our three countries and the broader international community and, in particular, poses a significant threat to the integrity and stability of the international financial system. Our three governments strive together to prevent thefts, including from private industry, by the DPRK and to recover stolen funds with the ultimate goal of denying the DPRK illicit revenue for its unlawful weapons of mass destruction and B.M. programs. The statement emphasized the need for deeper collaboration among the public and private sectors of the three nations to fight these cybercrime operations and protect the international financial system: Deeper collaboration among the public and private sectors of the three countries is essential to proactively disrupt these malicious actors’ cybercrime operations, protect private business interests and secure the international financial system. #CryptoNewss #Latestcryptonews
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Is Bitcoin a Once-in-a-Decade Buying Opportunity at $95,000? Bitcoin (CRYPTO: BTC) continues to prove the skeptics wrong. After a wonderful 120% rise in 2024, the world's oldest and most valuable cryptocurrency has soared more than 440-fold during the past 10 years. It has outperformed every other major asset class and it's not even close. It now trades about 11% off its peak, which was set in mid-December. Is Bitcoin a once-in-a-decade buying opportunity now while it trades at about $95,000? Here are five reasons I believe it is. 1.Easier access 2.Favorable perception 3.Currency debasement 4.Stealing share 5.Passing gold It's true that for Bitcoin's price to keep rising over time, investors need to learn more about its advantages over constantly debased fiat currencies. Bitcoin's fixed supply cap of 21 million coins and its decentralized and global user base make it a compelling asset. This is supported by the fact that there is really no end in sight to the federal government's growing debt burdens.
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Is the Cryptocurrency XRP (Ripple) a Millionaire Maker? Bitcoin saw a sharp decline in price during much of the past week. The cryptocurrency fell nearly 10% from Jan. 7 through Jan. 14 Bitcoin's slide was mirrored by altcoins across crypto with Ethereum, Solana, and Dogecoin all losing as much or more than the oldest, most valuable coin The decline was, in part, driven by a hotter-than-expected jobs report released Friday. This means the Federal Reserve could delay or reduce further interest rate cuts. Digital assets tend to be seen as "risk-on" by investors -- that is, investments that add risk to a portfolio. Generally, when rates are falling, investors are more willing to take on risk while the opposite is true when rates rise. Given that fewer cuts are now expected, risk-on investments like crypto were hit But despite the movement of the rest of the market, XRP (CRYPTO: XRP) managed to gain 3.7% since Jan. 7. Let's take a look at why and then consider whether XRP could be a millionaire maker. A key deadline looms In 2020, XRP's parent company, Ripple, was sued by the Securities and Exchange Commission (SEC). The regulator claimed that the company sold XRP as an unregistered security, a pretty big no-no. In August 2024, a court ruled mostly in Ripple's favor, approving a $125 million fine when the SEC was originally seeking $2 billion All this will results in XRP has a valuation problem Although the failure of the SEC to continue its appeal by the end of today certainly could lead to a short-term gain, I'm dubious of XRP's long-term value. That's because the value the market is currently assigning to the token seems out of sync with what it can realistically provide in the real world. XRP is designed to transform banking by drastically reducing the cost and increasing the speed of transactions between financial institutions. In 2023, legacy systems cost the industry $193 billion in fees. This is the figure that proponents cite to illustrate just how large the opportunity is for XRP. #BinanceSquareFamily #xrp
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Crypto industry has been ‘held back’ by lack of frameworks, says analyst Andrew O’Neill from S&P Global Ratings says America has so far lagged behind in providing ‘legal and regulatory frameworks’ around the crypto industry, which has held back innovation in the space. If this would be TRUE than what will be the next BTC Move ? Source : Squawk Box Asia #BinanceSquareFamily #Write2Earn
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