An anonymous $1.6 million NFT purchase has sent shockwaves through the cryptocurrency community, sparking suspicions about its authenticity. The alarm bells began ringing due to the stark difference in price from a previous sale and the involvement of Tornado Cash, a service known for anonymizing transactions. In a rather unexpected turn of events, an anonymous […]
Bitcoin ASIC manufacturer Bitmain has temporarily halted the payment of salaries to its employees, according to recent reports. The company has also eliminated bonuses and incentives for its staff, and it has not paid the salaries owed from the previous month. Furthermore, employees are facing a 50% reduction in their base salaries. Bitmain, founded in […]
Amid the escalating tensions between Hamas and Israel, cryptocurrencies backed by gold have shown significant gains among the top 100 cryptocurrencies by market capitalization. This increase in value is directly linked to the rising price of gold, which has seen an upswing due to the recent conflict. What Happened: Some noteworthy gainers in this context […]
A report released by crypto intelligence company Messari on Thursday, October 5, 2023 shows a continued downward trend in crypto industry funding. This is as the industry faces regulatory uncertainty in the United States (US) and the opening of the criminal trial of FTX founder and former CEO Sam Bankman-Fried, as quoted from the Investopedia […]
In a surprising turn of events, the cryptocurrency exchange Huobi has successfully recovered all 5,000 ETH, valued at $8 million, stolen during a hacker attack in late September. The hacker responsible for the theft has returned the entire amount, as previously agreed, in exchange for a 250 ETH “white hat” bonus, equivalent to $400,000. The […]
Introduction: Hong Kong is exploring ways to manage the growing interest in cryptocurrencies. Recent developments suggest a cautious approach to protect investors while fostering innovation in the digital asset space. The Current Scenario: As of now, retail trading of stablecoins is not allowed in Hong Kong. Hui Ching-yu, Secretary for Financial Services and the Treasury, […]
Yuga Labs, the creator of the Bored Ape Yacht Club, has announced a significant restructuring effort that involves the elimination of several roles within the company. While the exact number of layoffs remains unspecified, Yuga Labs CEO Daniel Alegre, in a blog post shared on October 6 via X (formerly Twitter), explained that the company […]
Blockchain security firm ImmuneFi reported the number of crypto hacking incidents jumped 153 percent in the third quarter compared to 2022, with the number of incidents jumping to 76 from just 30 in the same period last year. Losses due to hacking and fraud increased to more than USD 685 million or equivalent to IDR […]
In a significant development for the world of digital assets, investment firms ProShares, VanEck, and Bitwise have recently unveiled ETFs linked to ether, the second-largest cryptocurrency globally, through futures contracts. These groundbreaking ether futures ETFs have arrived on the scene two years following the debut of the first US-listed bitcoin futures ETF in October 2021. […]