In a shocking turn of events on Halloween, the crypto community was rocked by a series of rug pulls, which are a type of cryptocurrency scam. These rug pulls involve sudden drops in the value of specific tokens, accompanied by the perpetrators swapping the tokens for Ethereum (ETH). The meme coins affected by these rug […]
Billionaire investor Stanley Druckenmiller recently praised Bitcoin for establishing itself as a recognizable brand over the past 17 years. In an interview with hedge fund manager Paul Tudor Jones, Druckenmiller compared Bitcoin to gold as a store of value. While he personally does not own any Bitcoin, he acknowledged that young people view it as […]
Uniswap Foundation has transferred nearly 10 million UNI tokens, worth over $40 million, to various crypto exchanges in the past week. According to blockchain analyst Lookonchain, 3.4 million UNI tokens were sent to OKX, valued at $14.1 million, while 3 million UNI tokens were sent to Kraken’s Wintermute address, equivalent to $13 million. Additionally, 3.4 […]
At least 25 individuals have reportedly fallen victim to a data breach that affected password storage software LastPass, resulting in the loss of $4.4 million in cryptocurrency across 80 wallets. The breach occurred in 2022, but its impact was felt in October 2023 when the compromised wallets were tracked by on-chain researcher ZachXBT and MetaMask […]
Users of the LastPass password manager application have suffered a significant loss of $4.4 million worth of crypto assets in a single day. This comes a year after LastPass disclosed a previous security breach where hackers gained access to its cloud storage keys and dual storage container decryption keys. The recent asset loss was discovered […]
Elon Musk, the world’s richest man, has revealed his plans to transform X (formerly Twitter) into a comprehensive financial platform by the end of 2024. While it is unclear if cryptocurrencies, specifically Dogecoin, will be incorporated into X’s payment service, Musk’s interest and alleged investment in the Dogecoin ecosystem suggest that it is a possibility. […]
Kraken, a popular cryptocurrency exchange, has announced that it will suspend transactions involving several digital assets in Canada. The affected assets include USDT, DAI, WBTC, WETH, and WAXL. The decision comes in response to recent regulatory changes in Canada and after consultations with regulatory authorities. Kraken emphasized its commitment to meeting compliance standards and providing […]
Trezor, a provider of cryptocurrency hardware wallets, is currently investigating a phishing campaign after users reported receiving phishing emails. The campaign was brought to light by an anonymous blockchain investigator named ZachXBT, who alerted users to the attack on his Telegram channel. The attack targeted Trezor customers and allegedly involved a breach of the company’s […]
Deutsche Bank and Standard Chartered recently conducted a significant exchange of dollars for euros using stablecoins and blockchain technology. This departure from the trend of decentralization highlights a move towards a more centralized approach. While decentralized exchanges like Uniswap have made currency swaps user-friendly and accessible, banks engaging in swaps operate within their own infrastructure, […]
The price of Bitcoin has reached new all-time highs against several inflationary fiat currencies. Over a span of 30 hours, Bitcoin’s value surged against the Argentine peso, Nigerian naira, Turkish lira, Laotian kip, and Egyptian pound. However, it’s important to note that this increase is primarily due to the ongoing devaluation of these currencies, which […]
