Lazarus Group moves funds to multiple wallets as Bybit offers bounty
The $1.4 billion hack represents the single biggest crypto heist in history as the North Korean Lazarus hacking group strikes again.
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US SEC Commissioner Dissents From Agency’s Rejection of Winklevoss Bitcoin ETF
U.S. Securities and Exchange (SEC) Commissioner Hester M. Peirce has published a statement of official dissent from the agency’s second disapproval of the Winklevoss brothers’ application for a Bitcoin (BTC) exchange-traded fund (ETF) yesterday, July 26. The Winklevoss’ Bats BZX Exchange, Inc. (BZX) had filed a proposed rule change with the SEC in June 2016…

CoinShares opens up its $1B crypto coffers to public audit
Ever wondered what $1 billion worth of crypto looked like? CoinShares, a company that manages over $1 billion worth of crypto assets is opening up its reserves to a public audit. The service is provided by an accounting firm Armanino, which will be providing an updated state of reservers for various electronically traded products issued…

The DeFi craze continues as exchanges rush to list popular tokens
Major crypto exchanges continue to elevate the stature of the DeFi space. OKEx is the latest cryptocurrency exchange to hop on the DeFi bandwagon. On August 28, they announced listings for eight different DeFi tokens, including Band Protocol (BAND), JUST (JST), REN, Reserve Rights (RSR), Yearn.finance (YFI), Nexus Mutual (wNXM), YFII.finance (YFII), and Tellor (TRB).…

Trekki NFT shutdown sparks community backlash for Trip.com
The termination of the project led to a significant drop in Trekki NFT floor prices and sparked frustration among NFT holders and enthusiasts.

Cardano approaches a new major upgrade as ADA posts an inspired rally
The Cardano Foundation's coin ADA, hit its all-time high of $0.97 on Feb. 12, having started the year trading at $0.18, thus entailing 438% gains year to date. Apart from the macro trends in the cryptocurrency industry driving up the price of flagship assets, such as Bitcoin (BTC) and Ether (ETH) translating to other altcoins,…

Bitcoin Hit Record Inverse Correlation to Chinese Yuan in Past Week
Bitcoin price has seen a record inverse correlation with the Chinese yuan (CNY) this week, according to an analysis from Bloomberg on Sept. 6. This suggests that investors are using the digital currency as a hedge against the yuan’s falling value.Bitcoin/CNY correlation chart. Source: Bloomberg Weakening yuan causes price premium on bitcoin in ChinaFurther evidence that…

Blockchain Firm Pitches CBDC Operating System to Bank of England
United Kingdom-based blockchain firm L3COS has submitted a proposal to the Bank of England, or BoE, for a blockchain-based operating system to power a central bank-issued digital currency, or CBDC.L3COS described the proposal as a response to the consultation document on CBDC published by BoE in March — which identified several benefits and challenges associated…

‘I Don’t Want to Be President’: John McAffee to Exclusively Promote Crypto in 2020 Race
Programmer and crypto enthusiast John McAfee revealed his intention to use his 2020 bid for U.S. presidency as a platform to promote permissionless cryptocurrencies in an interview with Cointelegraph Nov. 1.Speaking with Cointelegraph at the Malta Blockchain Summit today, the founder of McAfee Antivirus Software said he plans to run “around a libertarian platform,” and…