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RedStone Oracles raises $15M led by Arrington Capital

Redstone Oracles, a prominent player in the blockchain and decentralized finance (DeFi) space, has successfully secured $15 million in its latest funding round. The funding was led by Arrington Capital, a well-known investor in the cryptocurrency and blockchain sectors.

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Redstone Oracles, a prominent player in the blockchain and decentralized finance (DeFi) space, has successfully secured $15 million in its latest funding round. The funding was led by Arrington Capital, a well-known investor in the cryptocurrency and blockchain sectors.

The substantial investment underscores growing confidence in Redstone Oracles’ innovative approach to decentralized oracles, which play a critical role in providing reliable and secure data feeds to smart contracts on blockchain platforms.

Redstone Oracles plans to utilize the funds to expand its operations and further develop its decentralized oracle solutions. These solutions are crucial for ensuring the accuracy and integrity of data utilized by DeFi protocols, enhancing overall transparency and reliability within the ecosystem.

Arrington Capital’s involvement in the funding round highlights its recognition of Redstone Oracles’ potential to drive innovation and efficiency within the DeFi space. The investment is expected to accelerate Redstone Oracles’ growth trajectory and strengthen its position as a key player in the blockchain oracle sector.

Moving forward, Redstone Oracles aims to continue enhancing its technology infrastructure and expanding its partnerships across the blockchain and DeFi landscapes. The company remains committed to advancing the adoption of decentralized oracles and contributing to the evolution of decentralized finance applications globally.

The successful completion of this funding round marks a significant milestone for Redstone Oracles, positioning it for continued expansion and innovation in the rapidly evolving blockchain ecosystem.

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Bitcoin price risks drop to $71K as Trump tariffs hurt US business outlook

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Bitcoin is setting its sights on the $71,000 mark as market conditions shift in response to geopolitical and economic developments, including a new tariff agreement and weakening U.S. business sentiment.

Recent market activity suggests that Bitcoin is benefiting from concerns over traditional economic indicators, with investors turning to digital assets as a hedge against economic uncertainty. A rare slump in U.S. business outlook has fueled speculation that risk assets, including Bitcoin, could see increased inflows.

Additionally, ongoing global trade negotiations and tariff adjustments have contributed to market volatility, prompting investors to seek alternative stores of value. Analysts suggest that if macroeconomic pressures persist, Bitcoin could continue its upward trajectory, potentially testing the $71,000 resistance level.

Despite short-term fluctuations, Bitcoin remains a focal point for investors navigating inflation concerns, regulatory shifts, and global economic trends. The coming weeks will be critical in determining whether Bitcoin can sustain its momentum and break through key price barriers.

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Crypto donations top $1B in 2024, gain traction after Myanmar, Thailand quake

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Changpeng “CZ” Zhao, the former CEO of Binance, has donated 1,000 BNB to aid relief efforts following a powerful earthquake that struck the Thailand-Myanmar border region. The donation, valued at approximately $600,000, aims to support those affected by the disaster and assist in recovery operations.

The earthquake caused significant damage in several areas, displacing residents and impacting local infrastructure. CZ’s contribution highlights the growing role of cryptocurrency in humanitarian aid, providing fast and transparent relief funding.

The donation will be distributed to organizations working on the ground to deliver emergency assistance, including shelter, food, and medical supplies. Crypto-based aid is increasingly being utilized in disaster response efforts due to its efficiency in reaching affected communities without the delays of traditional banking systems.

As the affected regions begin the recovery process, the crypto community continues to demonstrate how blockchain technology can play a meaningful role in global humanitarian initiatives.

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Hackers are selling counterfeit phones with crypto-stealing malware

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Security researchers have uncovered a wave of counterfeit Android devices preloaded with malware designed to steal cryptocurrency, posing a significant threat to users worldwide. The infected devices, which mimic popular smartphone brands, contain malicious software capable of hijacking digital wallets and siphoning funds.

The malware, embedded at the firmware level, allows attackers to gain remote access, intercept sensitive data, and execute unauthorized transactions. Because the malicious code is deeply integrated into the device’s operating system, it is difficult to detect and remove, making it a persistent threat.

Cybersecurity experts warn that unsuspecting buyers may unknowingly expose their crypto holdings to risk by purchasing these compromised devices from unverified sellers. Users are urged to exercise caution by only purchasing smartphones from trusted retailers and manufacturers.

The discovery highlights the growing sophistication of cybercriminals targeting the cryptocurrency sector. As mobile-based crypto transactions become more common, security measures such as hardware wallet usage and multi-factor authentication are increasingly essential to safeguard digital assets from emerging threats.

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