South Korean lawmakers have been involved in significant cryptocurrency transactions over the past three years, with a total estimated trade volume of $97.6 million. A recent report from the country’s Anti-Corruption and Civil Rights Commission revealed that out of the 298 sitting lawmakers, 18 had records of virtual asset possession, and only 11 were responsible […]
In 2023, an estimated $1.8 billion was lost to hackers and scammers in the Web3 space. Nearly one-fifth of these losses were attributed to the Lazarus hacker group, which has connections to North Korea.According to data from the blockchain security platform Immunefi, the biggest hack of the year occurred on the peer-to-peer trading platform Mixin […]
A crypto hacking group known as “Pink Drainer” has recently been linked to a significant theft of $4.4 million worth of Chainlink LINK cryptocurrency. The victim was tricked into signing an “Increase Approval” function, resulting in the draining of 275,700 LINK in just a minute. The stolen funds were divided between two wallets, with 68,925 […]
In a groundbreaking decision, U.S. District Judge Jed Rakoff ruled in favor of the Securities and Exchange Commission (SEC), confirming that Terraform Labs and its founder, Do Kwon, engaged in the offering and sale of unregistered securities. The ruling specifically involves cryptocurrencies such as LUNA and UST, marking a significant victory for the SEC and […]
TrueUSD, the fourth largest stablecoin in the market, has announced a strategic initiative to improve trust in stablecoins. The initiative aims to address the controversial issue of transparency of trust reserves in stablecoins. TrueUSD has partnered with MooreHK, one of the largest accounting firms in Hong Kong, to provide attestation services for its fiat reserves.Stablecoins […]
More than a month before its official launch, Blast has already received $1.1 billion in deposits. This is a significant amount considering the platform is not yet live. Depositors can look forward to receiving an airdrop in May 2024, which they can redeem.This early success indicates a strong interest in Blast and suggests that it […]
Cathie Wood’s asset management firm, ARK Invest, has sold all its positions in Grayscale’s Bitcoin Trust (GBTC) and purchased $92 million worth of ProShares Bitcoin Strategy ETF (BITO). This move is part of ARK’s ongoing trading activities that have impacted its Bitcoin-related holdings. The selling spree also included divesting over 700,000 units of GBTC in […]
ARK Invest, the institutional asset management firm led by Cathie Wood, has sold its entire remaining holdings of Grayscale Bitcoin Trust (GBTC) worth $200 million. The firm used half of the proceeds to invest in Bitcoin Futures ETF Bito, making it the second-largest holder of Bito. However, analysts believe this move is temporary as ARK […]
An Ethereum wallet associated with former President Donald Trump has reportedly transferred millions in cryptocurrency, suspected to be proceeds from sales of non-fungible tokens (NFTs). The wallet recently moved 1,075 ETH, equivalent to $2.4 million, to the cryptocurrency exchange Coinbase. Previously, the wallet had peaked at $4 million. The current value of the wallet is […]
Bitcoin Ordinals, a digital art collection inscribed on the Bitcoin blockchain, has sparked a heated debate within the cryptocurrency community. Critics argue that Ordinals inscriptions are “spam” and pose a security threat to Bitcoin Core. Luke Dashjr, from OCEAN Mining, even played a role in adding Ordinals to the United States National Vulnerability Database. On […]
