Ethereum’s validator community is currently experiencing an unexpected mass exit. Major players such as Celsius and Figment have initiated a significant withdrawal trend among validators. Despite the alarming exodus, the influx of new validators and a regulated limit have provided a counterbalance.Thousands of validators, who are responsible for securing the network, are opting to withdraw […]
The Bitcoin price has experienced a surge in volatility due to the pending decision on the spot Exchange Traded Fund (ETF). Market participants are eagerly awaiting an announcement, which is expected to cause further volatility spikes. Currently, Bitcoin is trading at $43,900, recording a 1% profit over the last 24 hours and a 3% increase […]
In 2023, North Korea’s Lazarus Group, a highly sophisticated hacking group, emerged as a major player in cybercrime, particularly in cryptocurrency theft. Accused of orchestrating hacks amounting to $600 million, the Democratic People’s Republic of Korea (DPRK) has become a prominent actor in this escalating realm. Since 2017, DPRK hackers, operating under the Lazarus group, […]
CertiK Ltd., a blockchain security auditing firm, experienced a security breach when hackers gained access to its official X (formerly Twitter) account and used it to distribute phishing links to its large following. The breach was confirmed by Revoke.cash, a smart contract tool that focuses on cross-chain security.The compromised CertiK account posted tweets warning users […]
Bankrupt crypto lender Celsius is set to unstake 206,300 Ethereum, worth around $470 million, as part of its efforts to distribute assets to creditors. The move comes as Celsius undergoes a restructuring process, with the unstaking event expected to take place in the next few days. Celsius has stated that its staked Ethereum holdings provided […]
Bankrupt crypto lender Celsius is set to unstake 206,300 Ethereum, worth around $470 million, as part of its efforts to distribute assets to creditors. The move comes as Celsius undergoes a restructuring process, with the unstaking event expected to take place in the next few days. Celsius has stated that its staked Ethereum holdings provided […]
A recent survey conducted by ETF issuer Bitwise reveals that only 39% of U.S.-based financial advisers believe that a spot Bitcoin exchange-traded fund (ETF) will be approved this year. The survey, which included participants such as registered investment advisers, financial planners, institutional investors, and wirehouse representatives, asked several questions regarding the approval timeline for a […]
Speculation is running high on social media that the U.S. Securities and Exchange Commission (SEC) is on the verge of approving a spot Bitcoin exchange-traded fund (ETF). This speculation has been fueled by a tweet from Grayscale’s legal chief and a tweet from a TechCrunch reporter citing sources close to the matter. While some analysts […]
Embattled crypto lending platform Celsius has announced that it is recalling and rebalancing its crypto assets, including Ether (ETH), in preparation for distributing funds to creditors. The company, which has been in bankruptcy court since filing for Chapter 11 in July 2022, is shifting assets to ensure ample liquidity for the distribution process.Celsius plans to […]
Embattled crypto lending platform Celsius is taking steps to recall and rebalance its crypto assets, specifically Ethereum (ETH), in order to distribute funds to creditors. The company, which filed for Chapter 11 bankruptcy in 2022, has begun the process of unstaking 206,300 ETH, valued at $468.5 million, to cover restructuring costs and facilitate creditor repayments.While […]
