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South Korean Prosecutor Jailed for Leaking Info in Crypto Fraud Case
26.4.2024
A South Korean prosecutor was jailed for leaking sensitive information in a high-profile crypto fraud case, domestic media outlets reported on April 25.
The post South Korean Prosecutor Jailed for Leaking Info in Crypto Fraud Case appeared first on Cryptonews
Vitalik Buterin Among Several High-Profile Names With Over $1 Million Locked in Bridges
23.4.2024
Vitalik Buterin, co-founder of Ethereum, reportedly has over $1 million trapped in the Optimism bridge, a situation highlighted in a broader analysis by Arkham, which exposes numerous wallets with significant funds locked on various bridge contracts. Among these, a wallet associated with Bofur...
Bitcoin's Unique Volatility Profile in Focus as VIX and MOVE Spike
22.4.2024
Bitcoin's implied or expected volatility remains positively correlated with its price as traditional market fear gauges spike amid broad-based risk aversion
BlockDAG’s $9.3m hit gathers momentum after high-profile keynote video beats Ethereum and Stacks gains
28.3.2024
The crypto community’s enthusiasm over the anticipated approval of an Ethereum-based ETF has significantly diminished following the Securities and Exchange Commission’s (SEC) deeper investigation into the Ethereum Foundation. Despite worries about Ethereum potentially being classified...
Billionaire Michael Saylor Sells $800 Million Convertible Notes to Buy More Bitcoin
11.3.2024
MicroStrategy’s billionaire executive chairman, founder and former CEO Michael Saylor has just sold $800 million in convertible senior notes to add to his company’s ~ $13 billion Bitcoin war chest. Saylor made the announcement in a tweet on his X profile. MicroStrategy Completes $800...
CEO of Bank Involved In Pig Butchering Scheme Charged With Embezzling $47 Million
13.2.2024
In a startling breach of trust, the CEO of Heartland Tri-State Bank is facing charges for orchestrating an embezzlement of $47 million. The high-profile case came to light following revelations that the bank played a central role in a sophisticated ‘pig butchering’ scheme, according...
Tom Brady NFT Fetches $40K as Super Bowl Legends Hype Digital Collectibles
11.2.2024
The NFL All Day digital collectibles brand, developed by Dapper Labs, entered Super Bowl weekend with a surge of momentum. The sports-themed, digital-collectible brand issued promotional packs of NFTs during the NFL playoffs in January, resulting in several high-profile sales. Notably,...
Craig Wright Denies Forging Documents in High-Profile Bitcoin Lawsuit
10.2.2024
In the ongoing court battle over the identity of Bitcoin’s creator, Craig Wright continues to face accusations that he forged documents to support his claim of being Satoshi Nakamoto. However, Wright maintains the documents were faked by others to frame him. Wright vs. COPA: ‘Industrial...
Ransomware Payments Hit Record $1 Billion in 2023: Chainalysis
7.2.2024
Criminals made off with a staggering $1 billion in cryptocurrency ransomware payments in 2023, per the latest insights from Chainalysis’ 2024 “Crypto Crime Report.” The report highlights a surge in sophisticated attacks targeting high-profile institutions and critical...
Bernstein Analysts Predict Bitcoin Price Will Reach $70,000 This Year, Say There Are “No Headwinds”
6.2.2024
Analysts at investment firm Bernstein expect Bitcoin (BTC) to resume its upward trajectory, surpassing its previous all-time high of $69,000 and potentially reaching $70,000 this year. The analysts expressed confidence in the cryptocurrency’s risk-reward profile, stating that no significant...
Kraken’s Security Team Keeps a Low Profile on Social Media By Design
6.2.2024
Crypto exchange Kraken is prioritizing security and ensuring its security team maintains a low public profile. Chief security officer Nick Percoco recently told Financial News that his 400-member team is encouraged to refrain from using social media. This strategy is aimed at mitigating potential...
Artists Ordered to Pay $9 Million in BAYC Copyright Dispute
6.2.2024
Artists Ryder Ripps and Jeremy Cahen are mandated by a federal court to pay $9 million in damages to Yuga Labs, following a high-profile legal dispute over unauthorized use of the Bored Ape Yacht Club’s copyrighted non-fungible tokens (NFTs). Yuga Labs Wins Big as Artists Ordered to Pay up...
Britain’s Former Finance Minister George Osborne Joins Coinbase’s Global Advisory Council
3.2.2024
Britain’s former chancellor of the exchequer, George Osborne, joins Coinbase’s global advisory council. Osborne becomes the latest high-profile politician to join the crypto exchange’s advisory council. The former finance minister has said he is looking forward to working with...
South Korean Prosecutors, Police Face Bribery Wrap in Crypto Fraud Trial
31.1.2024
Eight South Korean prosecutors and police officers could be trialed in connection to the high-profile case of a suspected crypto fraudster. Per Newsis, the trial of one unnamed prosecutor has already begun in the city of Gwangju. The case centers around a suspected crypto fraudster surnamed Tak....
Crypto Forensics Breakthrough: Finnish Authorities Trace Monero in High-Profile Hack
28.1.2024
The National Bureau of Investigation in Finland has reportedly made significant progress in tracing Monero (XMR) transactions as part of an ongoing investigation into the criminal trial of Julius Aleksanteri Kivimäki. Kivimäki stands accused of hacking a private mental health firm’s database...
Elon Musk’s X Abandons NFT Profile Pictures, Sidelining Ethereum Integration
11.1.2024
Image Source: Getty Images X (formerly Twitter), under the ownership of Elon Musk, has discontinued a feature that allowed premium users to use non-fungible token (NFT) images as their profile pictures. The feature, introduced in January two years ago, was aimed at Twitter Blue subscribers...
Social Media Platform X Halts NFT Profile Service, Stirring Mixed Reactions in Crypto Sphere
11.1.2024
The social media platform X has discontinued its non-fungible token (NFT) profile picture service, a feature introduced just last year in January 2022. The crypto community’s response to this move has been notable, with Kraken’s founder, Jesse Powell, labeling it as “a step...
Twitter Quietly Scraps NFTs While Embracing AI
10.1.2024
On January 9, X (formerly known as Twitter) announced its plans to begin the process of reinventing itself as the “everything app.” This will involve new uses for artificial intelligence, peer-to-peer payment systems, and a big emphasis on slamming ads into the pinned-open eyes of its users....
Orbit Bridge Hacker Suspected in Coinspaid and Coinex Breaches
4.1.2024
Source: AdobeStock / Tamara Blockchain analysts from Match Systems have found that the Orbit Chain hackers used the same tactics as those in several other high-profile attacks – suggesting that a cybercrime organization, possibly the infamous Lazarus Group, stands behind these hacks. This...
The DOJ “Led the Way” in Defining Boundaries for the Crypto Industry in 2023: Former US Prosecutor
1.1.2024
Image source: Reuters In 2023, the Department of Justice (DOJ) emerged as a leading force in defining the boundaries of the cryptocurrency industry through high-profile criminal prosecutions. While the Securities and Exchange Commission (SEC) filed civil lawsuits against major players in...