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Tackling NFT Theft With the Three Address Protocol
21.12.2023
The Three Address Protocol offers a structured strategy to safeguard non-fungible tokens (NFTs), dividing activities across three specialized addresses to combat digital asset theft. TAP: Candidate For The New Standard in NFT Security The NFT community has long been plagued by NFT thefts, with...
BloXroute To Reject All OFAC-listed Transactions, Sparks Censorship Debate
19.12.2023
Source: Pixabay BloXroute, a blockchain infrastructure company offering DeFi tools, has announced that its relays will begin declining transactions that include addresses listed under U.S. sanctions. “Effective immediately, all bloXroute relays will reject block bids if they contain OFAC...
Vitalik Buterin’s $1 Million Ethereum Transfer to Coinbase Sparks Speculation
19.12.2023
Monitoring of high-profile crypto addresses by onchain analysts has recently revealed that Ethereum co-founder, Vitalik Buterin, transferred 500 ETH, valued at slightly over $1 million, to Coinbase. This action is part of a pattern, following Buterin’s previous transfers to exchanges...
FTX Presents Revised Plan to Distribute Billions to Customers and Creditors, Initiating Final Phase of Bankruptcy Resolution
18.12.2023
Source: Adobe / Александр Поташев Now-defunct crypto exchange FTX has revealed its latest proposal aimed at returning billions of dollars to customers and creditors, marking the start of the final stage in resolving its bankruptcy case. While the proposal addresses several critical aspects, there...
FTX’s Revised Reorganization Plan Addresses Cryptocurrency Claims Valuation
17.12.2023
Source: Adobe / Ascannio The debtors of now-defunct cryptocurrency exchange FTX have submitted an amended Chapter 11 plan of reorganization, suggesting that customer asset claims should be valued retroactively to the date of the exchange’s collapse in November last year. In a recent...
Crypto App Shakepay Reveals Data Breach Affecting a ‘Small Number’ of Customers
16.12.2023
In a recent announcement, Shakepay, the Canadian crypto app, disclosed a data breach involving unauthorized access to personal information of a select group of its customers. The breach, detected on Dec. 13, 2023, compromised data but did not affect any bank accounts, crypto wallets, or customer...
Blackrock’s Spot Bitcoin ETF Filing Update Addresses Potential Classification of BTC as a Security by SEC
7.12.2023
Blackrock, the world’s largest asset manager, has warned in its latest spot bitcoin exchange-traded fund (ETF) filing update of the potential for bitcoin to be classified as a security by the U.S. Securities and Exchange Commission (SEC), state regulators, or court rulings. “If...
New Binance CEO Richard Teng Addresses Compliance Issues in First Interview
6.12.2023
Image Source: Binance Richard Teng, the newly appointed CEO of Binance, has faced a challenging debut during his first public interview. In an interview at the Financial Times’ Crypto and Digital Assets Summit in London, the crypto boss acknowledged that Binance’s compliance systems...
Mystery Bitcoin Whale Resurfaces, Transfers 1,000 BTC Worth $41M From String of 2010 Era Addresses
5.12.2023
Emerging from obscurity since 2021, a prominent bitcoin whale, originating from the 2010 period, has recently transferred 20 block rewards, equivalent to 1,000 bitcoins valued at $41.87 million based on present exchange rates. This is not the whale’s first such activity; they have previously...
Tether Blacklists Over 30 USDT Wallets
4.12.2023
Tether, the company behind the issuance of USDT, the largest stablecoin, has blacklisted more than 30 addresses that have received billions in USDT since their first use. According to blockchain intelligence firm Chainargos, the blacklisted addresses had received $161 million from Whitebit,...
Grayscale Report Sheds Light on Bitcoin’s Broad Ownership and ‘Sticky Supply’ Dynamics
1.12.2023
A new report from Grayscale Investments reveals that bitcoin ownership is more widely distributed than commonly believed, with 74% of addresses holding less than $350 worth. However, around 40% of bitcoin supply is concentrated among institutions like exchanges, miners, governments, public...
Slumbering Bitcoin Cache Awakens After More Than a Decade, Transacting $3.77 Million
30.11.2023
In September and October 2023, a surge in activity was observed as numerous dormant bitcoin wallets from 2012 reawakened, transacting millions in bitcoin after lying inactive for more than ten years. Despite this flurry of activity, there were no further movements from these wallets for...
US DOJ Seizes $9 Million in USDT from Cyber Scam Organization, Tether to Onboard FBI
29.11.2023
Source: AdobeStock / Krakenimages.com The United States Department of Justice (DOJ) has seized nearly $9 million worth of USDT from an organization running pig butchering scams – with Tether’s help. According to the press release, the authorities traced the funds to cryptocurrency...
Dogecoin Price Prediction as Adoption Grows to 5 Million Wallet Addresses – Can DOGE Reach $10?
28.11.2023
Source: Bing Image Creator The Dogecoin price has fallen by 1.5% in the past 24 hours, slipping to $0.078079 after the number of non-zero DOGE wallet addresses passed the 5 million-mark yesterday. DOGE is now up by 1.5% in a week and by 13% in the last 30 days, with the meme token up...
Dogecoin Now Held at 5M Crypto Addresses, Though Concentration Remains a Concern
28.11.2023
DOGE's market value has risen 14% to almost $11 billion this month
Bitcoin Mining Pool F2pool Acknowledges OFAC Transaction Censorship; Backpedals After Community Backlash
24.11.2023
F2Pool, a Bitcoin mining pool, has admitted to filtering transactions coming from Bitcoin addresses flagged by the Office of Foreign Assets Control (OFAC). After the situation was discovered by 0xB10C, a Bitcoin developer, F2pool co-founder Chun Wang acknowledged that his pool was indeed applying...
US Seizes $9 Million in Tether Allegedly Linked to Pig Butchering Crypto Scams
23.11.2023
The U.S. Department of Justice (DOJ) has seized $9 million in tether (USDT) allegedly linked to “pig butchering” crypto scams. The Justice Department explained that U.S. Secret Service agents and analysts tracked the laundering of victims’ crypto deposits through numerous...
Social Media Speculates if F2Pool is Censoring Transactions, Founder Responds
22.11.2023
0x10BC, a Bitcoin development blogger, has unveiled data potentially suggesting that F2Pool has censored a number of recent transactions. What 0x10BC’s data says 0x10BC, who runs a mining pool observation project with the aim of detecting potential unrecognized potential Bitcoin transactions...
HECO Chain bridge compromised, over $86.6M sent to suspicious addresses
22.11.2023
Blockchain security firm PeckShield reported that assets like stablecoins, ETH, SHIB, LINK and more were transferred from the bridge. Withdrawals and deposits have been suspended, and Justin Sun has said HTX will fully compensate users for any losses
Analysis Claims Discovery of Selective Transaction Filtering in Bitcoin Mining Pools
21.11.2023
A recent analysis by 0xB10C, a developer and onchain analyst, has uncovered intriguing findings in the Bitcoin network. The study, which focuses on the mining pools’ transaction selection processes, revealed that certain transactions from U.S. Treasury-sanctioned addresses were missing from...