As Pound Crashes to Record Low, Will Investors Flock to This New Crypto Coin?

As Pound Crashes to Record Low, Will Investors Flock to This New Crypto Coin?

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

The price of the British pound (GBP) has fallen to a new record low against the dollar after a new mini-budget threatened to undermine confidence in the UK economy.

With the pound in freefall, some investors are looking at Tamadoge as an alternative.

The pound plunged to $

Explained: Seed Phrase, Password, and Private Keys

The first rule of crypto is: Never share your wallet seed phrase with anyone. Ever.

Most companies in the traditional technology world require users to create an account before they can use a service. The sign-up process typically involves entering your personal details online or on a smartphone app. This data is then usually stored on a server that belongs to the company.

However, through the advent of blockchain technology, there is now a new way to secure user data.

A typical cryptocurrenc

Asia-Pacific leads the world in NFT searches on Google

Amid the ongoing nonfungible token (NFT) boom, people in Asia-Pacific (APAC) countries appear to be the most curious about NFTs, according to Google Trends data.

Google Trends data shows that China, Singapore and Hong Kong are the three top countries in the world in terms of the number of “NFT” searches on Google over the past year.

According to the data, China has posted the highest number of such searches, with the Google search index amounting to 100 points. Singapore and Hong Kong follow w

Japan Leads the Way With NFT Adoption

With NFTs booming in popularity over the past year, Bankless Times has conducted research into the NFT vs. Cryptocurrency trends and has found NFTs are now more popular than standard cryptocurrencies.

The research used Google Trends data to look at where the topic “non-fungible token” – which includes – which includes variations in language/characters and different search terms related to the topic – was most popular.

Coming out on top was China – where Google is technically blocked. The next

Wormhole Bridge Suffers $320 Million Exploit

A popular cross-chain bridge that links the Solana and Ethereum networks together was exploited last night with the hacker stealing over $320 million worth of Ethereum.

This makes it one of the largest decentralized finance exploits to date and yet again highlights the concerns around blockchain security.

Indeed, this is one of many exploits that have occurred over the past few years, and in fact, this one comes just a week after the Qubit cross-bridge exploit that resulted in over $80 million

NFTs and DAOs — Hype or Next Evolution in Voting? | Bankless Times

Bankless Times writer, Khashayar Abbasi, sat down with Finance.vote Founder Dr. Nick Almond to discuss the future of crypto, NFT scams, and the challenges faced by decentralized autonomous organizations (DAOs).

Can you please tell us what Finance.vote aims to achieve?

Dr. Nick: We are a decentralized organization that makes decentralized organizations. One of the things we’re trying to build is called the DAO suite, which is like the Google apps suite but for DAOs.

It has different tools for

TIME Wonderland Drops 40% as CFO 'Sifu' Revealed to be Michael Patryn of QuadrigaCX

Popular decentralized finance (DeFi) protocol, Wonderland is in hot water after blockchain detectives discovered the criminal past of one of the founders, pseudonymously known as Sifu.

Zachxbt, who is a popular on-chain detective revealed on Twitter that Sifu, who also serves as Wonderland’s CFO was previously involved in the QuadrigaCX scandal of 2019.

Sifu, whose real name is Michael Patryn was the co-founder of QuadrigaCX, the Canadian cryptocurrency exchange whose founder suddenly disappea

Ape Squared’s Space Bugs Reveals New Additions

Ape Squared, the bespoke NFT studio behind Space Bugs is set to launch an exciting new range of bugs and a game — Bankless Times writer, Khashayar Abbasi sits down with Space Bug Founder Sambi*, and Kelly-Anne Perera, the Vice President of Global Operations at Ape Squared to get the scoop.

Khashayar: What inspired you to get involved in the world of Crypto and NFTs?

Sambi: We stumbled into the crypto world around April of 2021. We were doing animation, art, and movies before, and we thought ok

Top 5 NFT Rug pulls

Global interest in non-fungible tokens (NFTs) surged in 2021 with total trading volume exceeding $13 billion according to research from The Block.

This figure comes in stark contrast to the year before that where NFT trading volume barely reached $33 million.

Naturally, the media is rife with reports of people making substantial amounts of money in this booming sector, adding further fuel to the mania.

However, as with anything on the internet, there are always going to be opportunists who wi