modernsociety
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10 months agoCertiK's Social Media Account Breached, Cryptocurrency Stolen via Phishing
Crypto auditing organization, CertiK, has reportedly fallen victim to a phishing scam, with fraudulent URLs posing as legitimate social media posts being used to steal cryptocurrency from user wallets. The…
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bob wrote a new post
10 months agoVanEck Pledges 5% of ETF Profits to Bitcoin Core Developers
In a significant move, VanEck, a major player in the financial sector, has committed to donate 5% of its profits from its Exchange-Traded Fund (ETF) to Bitcoin Core developers. This commitment is not a short-term…
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bob wrote a new post
10 months agoEthereum Faces Validator Exodus: Impact on Proof-of-Stake Model Uncertain
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 e…
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bob wrote a new post
10 months agoBitcoin Price Volatility Expected Amid Anticipation of ETF Decision
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…
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bob wrote a new post
10 months agoSEC's Approval of Ethereum Futures ETFs Signals Growing Acceptance
The Securities and Exchange Commission (SEC) appears to be showing a growing acceptance of Ethereum spot ETFs, according to Bloomberg ETF analyst James Seyffart. This comes after the SEC approved multiple Bitcoin…
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10 months agoDave to Purchase $100 Million Convertible Promissory Note from Bankrupt FTX Ventures at Discounted Price
Fintech firm Dave has reached an agreement to purchase a $100-million convertible promissory note from FTX Ventures, the venture capital arm of bankrupt crypto exchange FTX. The note will be bought at a discounted…
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bob wrote a new post
10 months agoSpanish Central Bank Announces Partners for Wholesale CBDC Pilot Program
The Spanish Central Bank has announced the finalization of its partners for a six-month pilot program aimed at simulating interbank payment processing and settlement. The program will utilize a single tokenized…
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bob wrote a new post
10 months agoTaiwan's Largest Cryptocurrency Fraud Scheme Uncovered and Dismantled
Taiwan’s law enforcement has recently uncovered and dismantled the largest cryptocurrency fraud scheme in the country’s history. The authorities conducted raids across multiple cities, seizing over NT$1 billion ($3…
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bob wrote a new post
10 months agoNorth Korea's Lazarus Group Emerges as Major Cybersecurity Threat, Stealing $600 Million in Cryptocurrency
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, t…
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10 months agoFormer Citigroup Executives Launch Bitcoin Depositary Receipts, Offering Alternative Investment Option to SEC-Regulated ETFs
A group of former Citigroup executives have launched a new investment offering called Bitcoin depositary receipts, which they claim do not require approval from the US Securities and Exchange Commission (SEC). The…
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10 months agoSEC Nears Approval of Spot Bitcoin ETFs, Market Anticipates Decision Next Week
The U.S. Securities and Exchange Commission (SEC) is nearing the potential approval of several spot Bitcoin ETFs, as major financial institutions have been actively involved in the process. The market is eagerly…
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bob wrote a new post
10 months agoTaiwan's Largest Cryptocurrency Fraud Scheme Uncovered and Dismantled
Taiwan’s law enforcement has recently uncovered and dismantled the largest cryptocurrency fraud scheme in the country’s history. The authorities conducted raids across multiple cities, seizing over NT$1 bil…
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bob wrote a new post
10 months agoRipple vs. Zakinov: January 11 Hearing Marks Crucial Moment in Legal Battle
The ongoing legal battle between Ripple Labs Inc. and a group of XRP investors led by Vladi Zakinov is set to reach a pivotal moment on January 11, 2024, as both parties prepare for a significant court hearing.…
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bob wrote a new post
10 months agoCelsius Network to Unstake Ethereum Holdings in Bankruptcy Restructuring
Bankrupt crypto lender Celsius Network has announced that it will be unstaking its Ethereum holdings in order to generate liquidity and distribute assets to its creditors. This decision is part of Celsius’ o…
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10 months agoSEC Cites Terra Case in Legal Battle Against Binance and Coinbase
The Securities and Exchange Commission (SEC) is intensifying its pursuit of crypto exchanges Binance and Coinbase in ongoing legal battles. To strengthen its arguments, the SEC has referenced a recent landmark case…
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10 months agoBlockchain Security Firm CertiK Suffers Major Breach, Impersonates Revoke.cash to Distribute Phishing Links
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…
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bob wrote a new post
10 months agoSEC Requests Summary Judgment in Lawsuit Against Binance
The US Securities and Exchange Commission (SEC) has filed a federal court document requesting a summary judgment ruling in its lawsuit against cryptocurrency exchange Binance. The SEC argues that specific issues…
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bob wrote a new post
10 months agoNigeria's cNGN Stablecoin Set to Revolutionize Remittances and Global Trade
The Central Bank of Nigeria has approved the launch of the cNGN stablecoin, which is set to pilot in February. This stablecoin is being introduced as an alternative to a Central Bank Digital Currency (CBDC) and…
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bob wrote a new post
10 months agoBank of Spain Chooses Collaborators for Wholesale CBDC Pilot
The Bank of Spain has announced its partnership with Cecabank, Abanca, and Adhara Blockchain for the pilot of the wholesale central bank digital currency (CBDC) program. Over the next six months, the pilot will…
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bob wrote a new post
10 months agoCelsius to Unstake $470M Ethereum Amid Restructuring, Raising Concerns for ETH Price
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,…
