Security teams at crypto exchanges Binance and Huobi worked together to freeze and recover 121 Bitcoin (BTC) from hackers behind the Harmony bridge exploit. In a tweet, Binance CEO Changpeng Zhao announced that the hackers have tried to launder their funds through the Huobi exchange. After Binance detected this, they contacted and assisted Huobi in …
Continue reading “Binance, Huobi team up to recover $2.5M from Harmony One hackers”
The cryptocurrency market continued to rally on Monday, with BTC reaching a high of just over $20,000 per coin. The crypto asset hasn’t been priced […] Go to Source
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Continue reading “South Korean exchange Korbit to monitor accounts of employees, family members”
Shiba Inu teased the launch of Shibarium in a recent blog post, saying a beta version is close to rolling out. In Late December 2022, a year-old cryptic tweet from Lead Developer Shytoshi Kusama resurfaced, in which he said by the end of 2022, “chess pieces begin to slide,” and “then the real fun begins.” …
Continue reading “Shiba Inu Shibarium on verge of beta version launch”
Immutable X exclusive games raised around $300 million, while Immutable X-based multichain games collected over $600 million in 2022. 1 min read Updated: January 16, 2023 at 10:27 am Cover art/illustration via CryptoSlate Immutable X (IMX) games raised the most significant amount in Web3 funding in 2022, according to a recent report by Delphi Digital. …
Continue reading “Immutable X games collected largest Web3 funding of 2022 – over $900M”
Binance assisted Huobi in recovering 124 Bitcoin (BTC) — worth $2.58 million — from the Harmony bridge hacker, according to Binance CEO Changpeng Zhao (CZ). The hacker previously tried to use Binance to launder the stolen funds, but the account was frozen, according to CZ’s tweet. The collaboration between the two exchanges also foiled the …
Continue reading “Binance assists in recovering $3M from Harmony bridge hack”
Ethereum (ETH) issuance turned deflationary over the weekend amid a market-wide rally. ETH supply growth is roughly -0.10% per year — 622,000 ETH issued yearly and 739,000 ETH burnt yearly — according to Ultrasound.money data. Source: Ultrasound.money In a simulation where ETH continued to utilize the Proof-of-Work (PoW) mechanism, supply would be up a further …
Continue reading “Ethereum turns deflationary amid weekend market rally”
Bitcoin (BTC) mining difficulty rose 10% to a new all-time high of 37.59 T from 34.09 T on Jan. 15 The difficulty increase is the largest seen since October 2022, according to Bitrawr data. Source: Glassnode The significant rise on Jan. 15 exceeded almost all of the network’s difficulty increases in 2022 — only surpassed …
Continue reading “Bitcoin mining difficulty rose 10%, hits new ATH”
A professor from Cornell University has warned about the potential effects a collapse of a major stablecoin could have on the U.S. bond market. Eswar Prasad said that if large stablecoins face a collapse, the number of Treasury bonds they would need to sell could disrupt the U.S. Treasuries market, affecting prices. Cornell Profesor Alerts …
South Korea’s supreme court has upheld the ruling for Bithumb, the country’s largest cryptocurrency exchange, to pay damages to more than a hundred customers who filed a lawsuit claiming they suffered financial losses resulting from the exchange’s service outage. Bithumb Ordered to Pay Customers Over Service Outage The South Korean supreme court has issued a …
The exchange rate of the Egyptian pound versus the U.S. dollar fell to a new low on Jan. 11 after it tapped 32.14 per greenback. The currency’s latest significant depreciation came just a few months after it adopted a flexible exchange rate regime. According to the International Monetary Fund, the monetary authorities in Egypt have …
A closely followed crypto strategist is unveiling a bullish outlook for Bitcoin now that BTC is trading above $20,000. Pseudonymous analyst Cheds tells his 297,300 Twitter followers that a big rally may be in the cards for Bitcoin, with BTC poised to print a bullish reversal structure. “Above $18,200 opens up the possibility of an …
The developers of the dog-themed token Shiba Inu (SHIB) posted an update to inform its community about its upcoming beta release of Shibarium — a layer-2 network that will run on top of the Ethereum mainnet. In the announcement, SHIB developers shared information about layer-2 blockchains. They highlighted that Shibarium is being developed to provide a …
Continue reading “Shiba Inu devs to launch Shibarium L2 network beta”
Bitcoin (BTC) starts a new week at new 2023 highs but still dividing opinion after a blistering price rally. In what is shaping up to be the antidote to last year’s slow bleed lower, January has delivered the volatility Bitcoin bulls were hoping for — but can they sustain it? This is the key question …
Continue reading “BTC price cancels FTX losses — 5 things to know in Bitcoin this week”
By the end of 2022, scammers shifted their focus to duping crypto investors who desperately tried to recoup their year-long losses. An international law enforcement operation led by European government agencies joined crypto entrepreneurs and businesses to curb cross-border crypto scams since July 2022, uncovering a criminal network operating through call centers. Europol and Eurojust, …
Continue reading “Cross-border crypto scammers on the hit list for EU agencies”
