Cross-chain bridge hacks have accounted for 69% of the total  crypto stolen   in 2022, amounting to $2 billion in losses, according to a new report.  The report comes from blockchain analytics firm Chainalysis on Aug. 2, noting there have been 13 separate token bridge hacks this year — the most recent being the $190 million Nomad Bridge exploit. Q1 2022 was by far the quarter that saw the most amount of crypto stolen since 2021, due mainly to the Ronin Bridge Attack in late March, which saw $624 million in  Ether  (ETH) and  Circle USD  (USDC) stolen.   Trade With Trustworthy Broker ✅ AssetsFX ✅ Cross-chain bridges, also known as blockchain bridges are designed to transfer cryptocurrencies from one blockchain network to another.  Chainalysis explains that while bridge designs vary, users typically deposit their tokens from one chain to the bridge protocol which are then locked into a contract. The user is then issued the equivalent of...

Stellar Lumens (XLM) may be deposited and withdrawn from trading accounts at  Trader's Way . This cryptocurrency is supported across the board. Stellar, also known as Stellar Lumens, is a system for the low-cost transfer of digital currency to fiat money that is open source and decentralized. It enables transactions to take place across international borders using any pair of currencies. Stellar does not impose any limits on the amount of money that may be deposited or withdrawn. Both cryptocurrency and fiat currency may be used to buy Stellar on the Kraken exchange as well as a number of other exchanges. Additionally,  over eighty countries are currently supported for its direct purchase on Coinbase. Overview Of Tradersway Traders way, commonly known as TW Corp., is an online brokerage business that debuted in the internet trading arena in 2011 with the purpose of providing consumers market traders with an extensive array of trading assets. Even though the broker is unregula...

  "It's like the Wild West," metaverse workers say. You decide. Is it a new frontier for fortune-seekers? Anarchy? An unfamiliar, isolated place? Maybe all. People in the Wild West weren't spending   $650,000   in   cryptocurrency   on a digital boat.   The metaverse, a rising number of virtual online worlds where people live and play, is a hotspot of real estate speculation.   Investors hope it will be part of a paradigm shift in how we use the internet — a decentralized version called Web3 that will seize control of the web from giant computer corporations and transfer power, privacy, and security to consumers.   According to  McKinsey , companies, venture capitalists, and private equity spent  $120  billion in the metaverse between January and May  2022 .   Real estate values have fallen.  Winston Robson , CEO and co-founder of WeMeta, says land prices in The  Sandbox ,  Decentraland ,  Cryptovoxels...

  The United Kingdom Crypto and Digital Assets   All Party Parliamentary Group  (APPG) announced Thursday its upcoming inquiry on the country’s crypto and digital asset sector. The announcement included details of the group’s plans and how interested parties can participate.  According to the statement, the inquiry will highlight various areas of engagement with crypto and digital asset space. This includes the U.K.’s current approach to regulations, plans to bolster the country’s crypto investment,  central bank digital currencies  (CBDCs), potential risks and the role of local regulators such as the  Financial Conduct Authority  (FCA) and the  Bank of England .   Trade With Trustworthy Broker ✅ AssetsFX ✅ The new inquiry comes at the heels of the U.K.’s Treasury Committee also opening an inquiry into the crypto industry. Lisa Cameron , MP and chair of the Crypto and Digital Assets (APPG), commented on the announcement, saying that the...

  U.S. Federal Reserve Chairman Jerome Powell said he does not intend to ban cryptocurrencies, but said stablecoins need greater regulatory oversight. Powell made the comments in a two-hour long House Financial Services Committee meeting on Thursday. The meeting, meant to serve as a forum for representatives to ask Treasury Secretary Janet Yellen and Powell about the Treasury Department’s and Federal Reserve’s pandemic response, featured several questions about cryptocurrencies. Rep. Ted Budd (R-N.C.), a longtime proponent of crypto and a member of the Congressional Blockchain Caucus, asked Powell to clarify statements he had made during a July hearing that the development of a U.S. central bank digital currency (CBDC) could undercut the need for private crypto and stablecoins. When asked by Budd directly whether or not he intended to “ban or limit the use of cryptocurrencies,” Powell’s response was a resounding “No.” “[I have] no intention to ban them,” he said.   Powell’s r...

  Shenzhen, China – Moves by Chinese authorities to close regulatory loopholes around cryptocurrency trading and mining late last week essentially banned all such activities in China overnight. And many crypto holders are still scrambling to deal with the fallout. For many companies that made big bets on crypto over the past several years – particularly companies in the tech industry – options may be limited for cashing in their holdings. The directive from the People’s Bank of China declared all virtual currency-related business activities illegal, cutting the country off from overseas crypto exchanges. That could potentially lead to punishment for investors who deal with exchanges abroad. “What is a little unclear is when the timeline for the literal cut-off date is,” said Winston Ma, an adjunct professor at New York University and expert in global financial regulation. “When is that magic date for no more transactions, no more crypto holdings?” he asked Al Jazeera in a video ca...