On July 18, Cyvers Alert reported that Web3 security firm Cyvers detected “multiple suspicious transactions” involving WazirX’s Safe Multisig wallet on Ethereum. They believe that $234.9 million of funds were moved to a new address, with each transaction’s caller funded by Tornado Cash, a decentralized protocol for private transactions. The new address has already converted …
Indian exchange WazirX reportedly hacked for $234M Read More »
Institutional optimism regarding Ethereum has surged with news of potential Ethereum Spot Exchange-Traded Funds (ETFs) on the horizon. Unlike retail investors, institutional investors are showing greater enthusiasm for the crypto asset. This heightened institutional optimism can be attributed to several factors. This includes higher trading volumes that signal a strong belief in Ethereum’s long-term potential. …
Institutional Optimism Surges with Ethereum Spot ETFs Read More »
Grayscale Investments Unveils New Decentralized AI Fund Grayscale Investments, the world’s largest crypto asset manager, has announced the launch of the Grayscale Decentralized AI Fund LLC (“the Fund”). This new fund aims to provide investors with exposure to emerging protocols within the artificial intelligence sector of the crypto ecosystem. Fund Highlights Why Decentralized AI? Decentralized …
Grayscale Investments Unveils New Decentralized AI Fund Read More »
Coinbase partner Stripe has announced the expansion of its cryptocurrency integration into the European Union (EU). This will enable shoppers to purchase various cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), using their credit or debit cards. This strategic move aims to simplify the process of conducting transactions with virtual assets. Egan added, “Now, …
LiFi Protocol Suffers $8 Million Exploit, Urges Users to Avoid Applications In Brief: LiFi Hit by Major Exploit, Users Warned to Avoid Applications On Tuesday, LiFi bridging protocol experienced an exploit exceeding $8 million, with the attacker specifically targeting accounts. The platform immediately urged users to refrain from interacting with any LiFi-powered applications to mitigate …
LiFi Protocol Loses $8M in Exploit, Users Warned to Revoke Approvals Read More »
Significant Bitcoin Movement Repayment Efforts and Kraken’s Role Current Holdings and Market Reaction Analysts’ Outlook
Mt.Gox has moved 44,527 Bitcoin, worth around $2.84B at the time of writing to an internal wallet according to Arkham. This could signal the start of a repayment phase for Mt.Gox. Its worth remembering that Mt.Gox hold nearly $8.8B worth of Bitcoin that will need to be repaid back to the users this year starting …
Former U.S. President and presidential candidate Donald Trump has announced Senator JD Vance as his running mate. Vance has advocated for clear cryptocurrency regulations and criticized the U.S. Securities and Exchange Commission’s (SEC) enforcement-based regulatory approach. His crypto stance aligns with Trump’s, who has positioned himself as the “crypto president,” expressing support for Bitcoin and …
Trump chooses pro-crypto JD Vance as running mate Read More »
Northern Data AG Boosts Capital by 20% with $233M from Tether On Monday, Northern Data AG announced a plan to increase its share capital by 20%. The company aims to raise €214 million ($233 million) by issuing new shares to enhance its cloud platform and expand data centers in Europe and the United States. Northern …
Northern Data AG Boosts Capital by 20% with $233M from Tether Read More »
According to Shopinbit, a European online retailer that accepts cryptocurrency for transactions, Monero ($XMR) was the favored payment method in June. Shopinbit reported that XMR accounted for over 74% of all payments during that period. Shopinbit stated that if $XMR continues to lead in payments for the next two months, it will change its bio …
