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Jack Dorsey. Source: a video screenshot, Youtube/Ted Brink, a nonprofit organization that supports Bitcoin developers and engineers, has received a $5 million investment from Twitter founder Jack Dorsey. The investment will be used to support Brink’s fellowship program, which provides financial assistance to Bitcoin developers who are working on open-source projects. Dorsey is a long-time supporter of Bitcoin and has been vocal about his belief in the potential of the cryptocurrency to revolutionize the financial system. He has also been critical of the traditional financial system, which he believes is corrupt and inefficient. Brink was founded in 2020 by Bitcoin…

Source: AdobeStack / Sashkin Floating Point Group (FPG), a crypto prime brokerage, has suspended all withdrawals, deposits and trading on its platform after suffering from a $15 million cyberattack over the weekend. The company said in a statement that it was “the victim of a sophisticated cyber attack” that resulted in the unauthorized access and transfer of customer assets. FPG said it is working with law enforcement and forensic experts to investigate the incident and that it has “taken steps to secure our systems and prevent further unauthorized access.” The cyberattack is the latest in a string of high-profile hacks…

South Korean crypto lender Delio has suspended withdrawals, citing a sharp increase in market volatility and increased confusion among investors. The company said in a notice on its website that it will “inevitably suspend withdrawals temporarily as of June 14.” Delio is one of a number of crypto lenders that have suspended withdrawals in recent weeks. The moves come amid a broader sell-off in the cryptocurrency market, which has been driven by a number of factors, including rising interest rates, inflation, and the ongoing war in Ukraine. The suspension of withdrawals by Delio and other crypto lenders has raised concerns…

Source: Pixabay Bitcoin-based Strike Debuts Lightning Network Cross-Border Payments in Mexico Strike, a Bitcoin payments company, has launched its Lightning Network cross-border payments service in Mexico. The service allows users to send and receive Bitcoin payments with near-zero fees and near-instant settlement. The launch of Strike’s Lightning Network service in Mexico is a significant development for the cryptocurrency industry. It is the first time that a major cryptocurrency company has launched a cross-border payments service that uses the Lightning Network. The Lightning Network is a layer-2 scaling solution for Bitcoin. It allows for faster and cheaper payments than are possible…

Non-fungible tokens (NFTs) are set to expand well beyond the digital collectibles and art pieces that they are today, according to one industry insider. Speaking in a recent podcast interview with TechCrunch, Gary Vaynerchuk (also known as Gary Vee), the entrepreneur behind the media company VaynerX and NFT collection VeeFriends, said that NFTs have a much broader purpose than simply being collectibles, According to Vaynerchuk, the real-life utility potential of NFTs is perhaps the main thing NFT artists should take more seriously when they develop projects. As an example, Vaynerchuk said he believes NFTs will find greater growth in areas like ticketing, contracts, and…