Police Arrest Hackers Suspected of Stealing $87 Million in Crypto

First and second place included a bug on the software node level of layer 2 scaling system Optimism and a vulnerability on the key generation level of vanity address generator Profanity. The Optimism bug, if exploited, causes “an infinite mint” of Optimism’s native token OP that “would collapse many (if not all) Optimism protocols,” while…

CME bitcoin futures open interest hit $6.2 billion Tuesday as institutions increasingly bet on a spot bitcoin ETF approval.The trend may soon reverse as investors will quickly unwind positions if ETFs get approved, K33 Research predicted.Bitcoin (BTC) futures open interest on the top U.S. marketplace hit a record-high on Tuesday as institutional players keep piling

Sys Labs, the developer behind the Syscoin blockchain, which aims to combine Ethereum-style programmability with Bitcoin’s security, has launched a “layer 2” network called Rollux for cheaper and faster transactions.Like the main Syscoin blockchain, the Rollux network is compatible with the Ethereum Virtual Machine or EVM, the software that executes smart contracts on Ethereum. The…

Bitcoin News Roundup for August 4, 2020With investment opportunities in traditional markets drying up, bitcoin futures are drawing record interest. CoinDesk’s Markets Daily is back for your bitcoin news roundup! For early access before our regular noon Eastern time releases , subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica or RSS. This episode is sponsored by Crypto.com, Bitstamp and Nexo.io. Today's Stories:Surging open interest in…

news nChain, the company founded by self-proclaimed bitcoin inventor Craig S. Wright, is looking to hire a patent counsel in London to manage and grow the firm’s portfolio of blockchain-related IP. The applicant must be a qualified European Patent Attorney, have a keen interest in bitcoin and blockchain and also possess a first degree in…

Genopets, a Solana-based non-fungible token (NFT) “move-to-earn” game where players are rewarded for the steps they take in real life, has raised an $8.3 million seed round, the company announced Monday.The round was led by Konvoy Ventures and Pantera Capital with investment from Alameda Research, Old Fashion Research, Solana Capital, Xoogler Ventures, Mechanism Capital and…

Exit Plans, Premature Rallies and Frontline Heroes, Feat. Ben HuntEpsilon Theory's Ben Hunt and NLW discuss why markets are rallying as we enter what promises to be the deadliest week yet of the coronavirus in the U.S.For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts,…

Put simply: the structure of finance today prevents billions of people from accessing baseline financial services and economic opportunity.Centralized institutions are designed to serve a disproportionate percentage of the population. Consequently, the underserved masses are limited in their access to capital, credit and services. Key, but decades-old, infrastructure like SWIFT and ACH that guide the

BlackRock's bitcoin ETF has traded nearly $3 billion Wednesday, twice as much as its previous volume record, with other new bitcoin ETFs also attracting heavy trading."These numbers are absurd," ETF analyst Eric Balchunas noted.The frenzy in ETF trading happened as bitcoin surged to $64,000 during the day then quickly fell off to $60,000.U.S. spot bitcoin