Crypto hacks soar to $19B in 13 years: Crystal Intelligence
Nearly $19 billion worth of digital assets have been lost to exploits in the past 13 years, with $2.9 billion stolen during the largest single crypto theft during the 2019 Plus Token fraud.
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Former Bitmain CEO Opens New Cryptocurrency Startup
The former CEO of Bitmain, one of the largest bitcoin (BTC) mining pools globally, has launched a crypto-related financial services startup, according to a Bloomberg report on July 8.Following reports on the initiative in early June, Bitmain co-founder and former CEO Wu Jihan officially launched a new crypto trading platform today that purportedly offers over-the-counter…
FBI Apprehends & Charges Russian Hacker, Closes Down Deer.io Platform
The Federal Bureau of Investigation (FBI) has charged a Russian hacker for stealing private information, and has shut down his platform — Deer.io, which moved funds via crypto assets.The FBI shut down the Deer platform on March 24, as per a statement from the U.S. Department of Justice (DoJ). The platform’s “suspected administrator – alleged…
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People’s Bank of China Continues CBDC Development Talks
The People’s Bank of China held a teleconference on April 3 in Beijing, China. One of the main points confirmed during the call involved the institution’s continued research and development of a central bank digital currency, or CBDC.CBDC development is one of the bank’s top priorities The meeting summarized the central bank’s achievements with fiat currency,…
Polygon to help fight NFT scams with Web3 infra protocol partnership
Polygon partners with Wakweli, a Web3 infrastructure protocol that issues certificates of authenticity for NFTs to certify originality. 533 Total views 4 Total shares Own this piece of history Collect this article as an NFTWakweli, a Web3 infrastructure protocol that issues certificates of authenticity for nonfungible tokens (NFT), has officially partnered with layer-2 scaling platform Polygon…
WSJ: Organized Crypto ‘Trading Groups’ Manipulated Markets to Make $825 Million in 2018
Cryptocurrency price manipulation is largely conducted by organized “trading groups” using services such as Telegram, the Wall Street Journal claimed in a study released August 5. Unveiling the results of research into cryptocurrency markets, the WSJ suggested that coordinated “pump and dump” schemes have seen traders inflate and crash the prices of various cryptocurrencies this…
Memecoins, RWA, AI lead crypto narratives in Q2 2024
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Coinbase adds ‘ETH2’ despite tomorrow’s Ethereum upgrade postponing difficulty bomb
Cryptocurrency exchange Coinbase has added a mirrored version of the Ethereum blockchain's native token Ether (ETH) to its crypto price index, just ahead of a key network upgrade on Dec. 10.Dubbed "ETH2," the symbol appeared to have been tracking the original Ether market data synchronously. For instance, the cost to purchase ETH2 came out to…