In November 2019, Upbit, one of South Korea’s preeminent cryptocurrency exchanges, fell victim to a massive cyberattack that resulted in the theft of approximately $50 million worth of Ethereum (ETH). This incident marks a significant and alarming shift in the landscape of cybercrime emanating from North Korea, particularly involving state-sponsored hacking groups such as Lazarus
Crypto
On November 21st, the Sui Network, a Layer 1 blockchain developed by former Meta engineers under Mysten Labs, encountered a significant disruption that halted all block production on its platform. This unexpected event lasted for two hours, leaving its mainnet in a state of paralysis and raising questions about the network’s reliability. Upon resuming, the
In recent times, the Shiba Inu community has found itself targeted by fraudsters looking to exploit the enthusiasm surrounding this popular meme coin. As the digital currency market experiences fluctuating yet often bullish trends, bad actors have taken advantage of the scenario, impersonating legitimate developers to promote counterfeit tokens. As a segment of the cryptocurrency
The cryptocurrency world is abuzz with excitement over Binance’s latest venture, BFUSD. Launched recently, this token proposes an impressive annual percentage yield (APY) of 19.55%, enticing users who are exploring alternatives to traditional stablecoins. Uniquely positioned in the market, BFUSD promises daily rewards without the need for staking or locking away funds in a conventional
Heather Morgan, perhaps better recognized by her stage name “Razzlekhan,” has recently hit headlines for reasons far removed from her flamboyant rap career. Morgan was sentenced to 18 months behind bars for her involvement in a significant laundering operation linked to the notorious 2016 Bitfinex cryptocurrency hack. While her musical persona may have been vibrant
In an intriguing development within the cryptocurrency landscape, Brian Armstrong, the CEO of Coinbase, is poised to engage in a pivotal meeting with President-elect Donald Trump. This meeting, reportedly facilitated by Trump’s transition team, aims to discuss significant personnel appointments that could reshape the regulatory environment for cryptocurrencies. Given the ongoing and rapid evolution of
In the evolving landscape of cryptocurrencies, rivalries often overshadow potential collaborations. Recently, a surprising shift in dynamics emerged between Charles Hoskinson, the founder of Cardano, and Ripple’s CEO, Brad Garlinghouse. Historically, the relationship between these two figures has been tumultuous, with Hoskinson publicly criticizing Ripple’s community for their perceived toxicity. This backdrop makes Hoskinson’s recent
Recently, Bonk (BONK) has gained significant traction among cryptocurrency investors, culminating in a remarkable price closure of $0.000049 after a striking rally that peaked at an all-time high of $0.000055. This meteoric rise within a short span of just two weeks has captivated the crypto community, prompting comments from enthusiastic investors, such as Shawn.eth, who
In a remarkable show of strength, Solana has kicked off the week by surpassing a monumental milestone in its decentralized exchange (DEX) ecosystem, achieving a groundbreaking monthly trading volume that exceeds $70 billion. This achievement marks a historic moment for the network, reflecting a burgeoning interest and activity within the decentralized finance (DeFi) sector. The
In an effort to bolster its Bitcoin reserves, the Tokyo-listed company Metaplanet has recently made headlines with its announcement of a significant debt issuance. During a Board of Directors meeting on November 18th, the company revealed plans to launch one-year ordinary bonds valued at 1.75 billion yen, roughly equivalent to $11.3 million. With a notably