N.Korea diversifying cybercrimes amid drop in value of cryptocurrency: Report
North Korea appears to be diversifying its cybercrimes to offset the declining value of cryptocurrencies it steals to fund its nuclear and missile programmes.
Cryptocurrency Cardano (ADA) is expected to continue its southward trend following a temporary improvement from weekly lows of $1.2833, recorded on Friday, reports stated.
According to an FXStreet report issued on Saturday, the cryptocurrency staged a decent bounce but lost just shy of the $1.40 mark as investors return amid the online attacks on Charles Hoskinson, the founder of Cardano.
Cryptocurrency enthusiasts took a dig at Hoskinson after he retweeted a year-old tweet that highlighted some Cardano-related predictions.
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“Ok, so @IOHK_Charles predicted this a year back.
Update: No asset on $ADA, forget 1000’s of DApps not a single dapp on $ADA, only 1-2 projects announced working on $ADA
@IOHK_Charles what happened to your predictions? What’s the prediction for next 1 year now?.” a tweet read.
Ok, so @IOHK_Charles predicted this a year back.
Update:
No asset on $ADA, forget 1000's of DApps not a single dapp on $ADA, only 1-2 projects announced working on $ADA@IOHK_Charles what happened to your predictions? What's the prediction for next 1 year now? https://t.co/qreMVlOX1i— Undervalued Cryptos (@altcoin_bets) July 4, 2021
At the time of reporting, ADA was trading at $1.34, down by 0.1 per cent, with the market cap at $42,802,081,763. Weekly basis, Cardano has dropped 4.3 per cent.
On the other hand, Safemoon showed some improvement in its value on Saturday as the cryptocurrency gained 2.8 per cent during a 24-hour basis to hit the $0.00000287 mark with its market cap at $1,671,689,194.
Safemoon has maintained its downward movement since the beginning of the month. The cryptocurrency showed some improvements between July 6 and 7, where it hit $0.00000310 and $0.00000312 levels, respectively, but it failed to regain its momentum post these two days.
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