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KyberSwap’s CEO Says Staff Strength Reduced by 50% Following Exploit and Related Challenges
27.12.2023
Source: KyberSwap KyberSwap’s CEO Victor Tran says the company has reduced its staff by 50% following a $48 million exploit last month stressing on keeping operations running and compensating all affected users with their assets. In a Dec 25 post, the CEO took to X (formerly Twitter) to explain...
Hacking Incidents Decreased for First Time Since 2021, Still $2 Billion in Crypto Assets Stolen in 2023
27.12.2023
Source: AdobeStock / Sergey Nivens Despite losing around $2 billion to crypto thefts, 2023 saw a slight decline in hacking incidents targeting the cryptocurrency industry. According to a recent report from De.FI, a prominent web3 security firm known for its REKT database, hackers managed to pilfer...
Grayscale Submits Bitcoin ETF Filing with SEC to Adopt Cash Redemption Model
27.12.2023
Source: DALL·E Grayscale has submitted an updated filing to the Securities and Exchange Commission, paving the way for its GBTC to transition into a spot Bitcoin exchange-traded fund (ETF) with the adoption of a cash redemption model. According to Bloomberg Intelligence ETF research analyst James...
South Korea’s Leading Crypto Venture Made 29 Investments in 2023, Allocating $28.44 Million in Total
27.12.2023
Source: Pixabay Hashed, South Korea’s largest crypto venture, has invested 36.8 billion won ($28.44 million) in blockchain projects this year. Despite the challenges faced during the prolonged crypto winter, Hashed successfully forged numerous new investments in blockchain infrastructure...
Interview: 2023 Year-End Wrap With CoinDCX Co-Founder Neeraj Khandelwal
27.12.2023
Source: CoinDCX As we conclude 2023, a year marked by regulatory challenges and unprecedented growth, the cryptocurrency industry stands at the crossroads of uncertainty and promise. In an exclusive interview with India’s largest crypto exchange and the first crypto unicorn, CoinDCX’s...
Mt. Gox Creditors Report Double Payments in Settlement Funds; Exchange Seeks Remediation
27.12.2023
Source: AdobeStock / 24K-Production Mt. Gox, the once-dominant cryptocurrency exchange that famously collapsed in 2014, has recently encountered a new hurdle in its efforts to repay creditors. Reddit users are now reporting a payment error stemming from what the exchange describes as...
Thunder Terminal Claims Security After $192,000 Exploit, Hacker Demands Ransom in Dispute
27.12.2023
Source: DALL·E Thunder Terminal has recently encountered an exploit. Despite the severity of the incident, the platform has assured users of the security of their funds. Yet the hacker claimed differently and demanded ransom. In a recent post published by the decentralized platform Thunder...
Spot BTC ETF Approval Will Encourage More Institutions to Invest in Bitcoin: Cathie Wood
27.12.2023
Source: Ark Invest Instagram In a recent interview with CNBC, Ark Invest CEO Cathie Wood expressed optimism regarding the approval of a spot Bitcoin exchange-traded fund (ETF) by the U.S. Securities and Exchange Commission (SEC). Wood noted that the signs pointing to Bitcoin spot ETF approval...
Metis (METIS) Token Surges 50% Following Announced Grant, Attracting Investor Interest
26.12.2023
Source: iStock METIS, the native cryptocurrency of the layer 2 network Metis, experienced a surge of up to 50% in the past 24 hours, driven by the buzz surrounding a recently revealed grant that is making rounds in the crypto community. In mid-December, the MetisDAO Foundation, responsible for...
Fake Rabby Wallet Discovered on Apple App Store
26.12.2023
Source: Pixabay A fraudulent version of open source crypto wallet Rabby Wallet has appeared on the Apple App Store. According to an X post from the official Rabby Wallet account, it’s not the first time scammers have tried to impersonate its wallet. “A FAKE mobile app has surfaced again. We want...
Tether Mints $1 Billion USDT for “Inventory Replenish” on Ethereum Network
26.12.2023
Source: Pixabay Tether has minted $1 billion USDT for an “inventory replenish,” according to CEO Paolo Ardoino. In an X post on Monday, blockchain tracking platform Whale Alert reported that the Tether Treasury had minted $1 billion of its eponymous stablecoin, USDT. Tether CEO Ardoino responded...
Hong Kong Prepares for Retail Access to Spot Crypto ETFs + More News
26.12.2023
Source: AdobeStock / maurice norbert Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. In this edition: Hong Kong Prepares for Retail Access to Spot Crypto ETFs Southeast Asia Scammers Are Forced to Look...
Over 65% of Crypto-Related Tweets and 84% of Conversations on Reddit Were Positive in 2023
26.12.2023
Image Source: Pixabay There was a prevailing sense of optimism in the world of cryptocurrencies last year, with over 65% of conversations on X (formerly Twitter) and Reddit radiating positive sentiment. That is according to the latest report on crypto online sentiment by CoinWire and Storible...
The Sandbox Price Prediction: SAND Price Up 54.4% in December – New ATH in 2024?
26.12.2023
Source: AdobeStock / Anar Mammadov The Sandbox (SAND) has continued on its road to market highs, rising over 50% in December. December began with a price of $0.410807, and while the month is not over yet, the price has reached the current level of $0.634422. Therefore, the coin has seen...
Crypto Guide for Seniors
26.12.2023
Source: Pixabay It’s never too late in life to dabble in cryptocurrency investing – For seniors unfamiliar with the sector cryptocurrency is a type of digital or virtual currency that uses cryptography for virtual transactions. Unlike traditional currencies issued by governments (like the...
US-Approved Spot Bitcoin ETFs Could Surpass Entire $50 Billion Crypto ETP Market: BitMEX
26.12.2023
Source: Pexels The global market for cryptocurrency exchange-traded products (ETPs) has reached a significant milestone, currently comprising approximately 150 products with a total value of $50.3 billion in assets under management, as reported by BitMEX research. According to the research,...
Survey Reveals 75% of Hong Kong’s Virtual Asset Investors Chase Short-Term Returns
26.12.2023
Source: iStock/Onfokus The majority of Hong Kong’s virtual asset investors chase short-term returns, embrace crypto as an investment trend, and fear missing opportunities. One of the key findings of the “Retail Investor Research 2023” report was that 75% of the surveyed virtual...
Bitcoin Hashrate Hits New All-Time High, Exacerbating Profitability Challenges for Miners
26.12.2023
Source: AdobeStock / Photocreo Bednarek The hashrate of the Bitcoin (BTC) network has reached a new all-time high, putting additional pressure on miners who are already grappling with a slump in profitability. According to data from Blockchain.com and Bitinfocharts, Bitcoin’s hashrate soared...
Mt. Gox Creditors Report Receiving Compensation Payments via PayPal in Japanese Yen
26.12.2023
Source: AdobeStock / 24K-Production Creditors of now-defunct crypto exchange Mt. Gox have reported receiving fiat repayments for their trapped Bitcoin on the social media platform Reddit. According to recent posts on the Reddit page r/mtgoxinsolvency, Mt. Gox has begun sending Japanese...
zkSync Era Resolves Network Glitch Triggered by Automated Safety Check
26.12.2023
Source: zkSync The zkSync development team recently addressed and resolved a network glitch in the zkSync Era platform with “no funds at risk,” according to a post by zkSync Development. The network glitch in the zkSync Era platform occurred on Dec. 25 at 05:50 UTC, as reported by the development...