May 2023 | Page 72 of 211 | Last Cryptocurrency News Feed

Tornado Cash Attacker Submits Proposal to Revert Governance Control, TORN Down 40% in 2 Days

Popular crypto mixer Tornado Cash lost total control of its governance to an attacker who deployed a malicious contract to access thousands of votes. The incident was first detected by @samczsun, a researcher at web3-focused investment firm Paradigm, over the weekend. According to samczsun’s tweet, the attacker claimed to have used the same logic as…

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Gemini Says Genesis Parent DCG Missed $630 Million Payment

Digital Currency Group (DCG) missed a $630 million payment owed to Gemini last week.Gemini CEO Cameron Winklevoss has threatened to sue DCG CEO Barry Silbert and DCG over the repayment of a $900 million loan after Genesis, a DCG entity, filed for Chapter 11 bankruptcy, amid allegations of mixed funds and ongoing disputes about loan…

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Vitalik Buterin warns against overloading Ethereum consensus

Buterin has advocated preserving Ethereum consensus minimalism and not overloading validators with other things. 388 Total views 1 Total shares Ethereum co-founder Vitalik Buterin has published a lengthy blog post warning of the dangers of “stretching” Ethereum's consensus past its core functions of validating blocks and securing the network. Ethereum consensus is the process whereby blocks…

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Ordinals sends LTC and DOGE network activity surging for 3 straight weeks

Move over Bitcoin, Ordinals on Litecoin and Dogecoin have unleashed a frenzy of transactions. 646 Total views 11 Total shares What began with developer Casey Rodarmor creating the Ordinals protocol to “inscribe” text and imagery on the Bitcoin (BTC) network has now made its way to Litecoin (LTC) and Dogecoin (DOGE) sending transaction volume on…

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57-Year-Old Las Vegas Resident Charged for Alleged Participation in $45M CoinDeal Scam: DOJ

Months after the Securities and Exchange Commission charged eight people allegedly involved with orchestrating the $45 million CoinDeal scam, the Department of Justice has gone after another party. A 57-year-old resident of Las Vegas, Bryan Lee, was charged with conspiring with the main culprit believed to be behind the scam that defrauded over 10,000 investors.…

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Tornado Cash’s TORN Token Up 10% as Attacker Submits Proposal to Undo Attack

The Tornado Cash token (TORN) is up 10% after a proposal submitted by a wallet address linked to a recent attack on the decentralized autonomous organization’s (DAO) governance state looks to reverse the malicious changes.“The attacker posted a new proposal to restore the state of governance," user Tornadosaurus-Hex wrote in the Tornado Cash community forum,…

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Crypto hacks falling in Q1 is but a ‘temporary reprieve’ — Blockchain firm

It was warned that the amount stolen in Q1 2023 mirrors Q2 2022, which was followed by a “record setting number of hacks.” 330 Total views 4 Total shares The crypto community is being urged not to let their guard down despite a significant decline in crypto hacks during the first quarter of 2023 —…

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First Mover Asia: Will Bitcoin Soon Begin a Retest of 30K?

Good morning. Here’s what’s happening:Prices: Bitcoin is in consolidation mode before an eventual retest of $30,000, says BitBull Capital.Insights: The crypto industry is spending less than other industries on lobbying. That may need to change.Bitcoin and ether are continuing their downward drift. Bitcoin is opening the Asia trading week down 1.3% to $26,779, while ether…

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Is MetaMask withholding customers’ crypto for taxes? No, it’s not

The parent company behind the crypto wallet MetaMask has debunked "inaccurate" rumors that it is collecting tax on crypto transactions. 447 Total views 13 Total shares ConsenSys, the company behind the crypto wallet MetaMask, has hosed down rumors that it collects taxes from cryptocurrency users. The company informed its 270,000 Twitter followers on May 22 that…

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Russian Man Charged for $200 Million in Ransomware Crimes Involving Crypto

A Russian man has been charged by US authorities for his alleged connection to multiple ransomware schemes that netted him and other attackers nearly $200 million – much of which came through crypto. Some of the victims of those ransomware attacks included hospitals, schools, and police departments. $200 Million in Ransomware Payments The culprit –…