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Digital Asset Funds Record $346 Million Inflows as Assets Under Management Surge Past $45.3 Billion
27.11.2023
Source: Adobe / Luisa Cryptocurrency products recorded a massive $346 million in weekly inflows, marking the highest figure in the past nine weeks of consecutive gains. A CoinShares Digital Asset Fund Flows Weekly Report shows a growing bullish sentiment in the market after positive signs from...
Bitcoin User Claims Hack Triggered Record $3M Bitcoin Fee, 139 BTC Lost
27.11.2023
Bitcoin hack drained user’s wallet and forced record $3 million transaction fee payment. Image by Myst, Adobe Stock. A Bitcoin user has come forward claiming they were the victim of a hack that led to the record-breaking $3 million Bitcoin transaction fee paid last week. The anonymous user...
Crypto Gurus Are Quietly Stacking This Low Cap Gem – Is It the Best Kept Secret?
27.11.2023
Crypto gurus are bullish on an overlooked low cap cryptocurrency called Launchpad XYZ that seeks to provide access to Web3 and leverage AI for advanced crypto analytics. Image by Fareed Mindalano, DALL-E 3. Low cap cryptocurrency project Launchpad XYZ has raised over $2 million so far in...
Crypto Scam-Kit Inferno Drainer Shuts Down Operations
27.11.2023
Source: AdobeStock / Tomasz Bidermann Digital asset wallet-draining platform, Inferno Drainer has closed shop after helping bad actors drain millions from several cryptocurrency platforms. In a recent Telegram post, the firm announced an end to its operations citing a need to move on after helping...
dYdX to unlock tokens worth $500 million in December
27.11.2023
In the coming weeks, multiple crypto projects will unlock a substantial amount of tokens. According to Token Unlocks data, in December, the front runner will be the decentralized exchange, dYdX, which will be responsible for unlocking 150 million tokens, equivalent to 30% of its tokens distributed...
As PEPE100 Leaps 50x Overnight, This Hidden Crypto Just Surpassed $1.8 Million in Funding – 100x Possible?
27.11.2023
PEPE100 (PEPE100x) has gained by as much as 50% overnight, with the new meme token reaching a record high of $0.00386 several hours ago. This makes it the latest in a seemingly endless string of new meme coins to enjoy big opening rallies on Uniswap this year, yet it seems that PEPE100’s time...
HTX Resumes Bitcoin and Ether Services After $30 Million Hack
27.11.2023
Source: HTX Digital asset exchange HTX has resumed deposits and withdrawal services for major cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), and others after it was drained for $30 million. In an announcement on Nov 26, the exchange said services have been restored for certain virtual...
Nigerian Politician Arrested for $246,153 Theft from Patricia Technologies’ Crypto Wallet
26.11.2023
Source: AdobeStock / Faraz The Nigeria Police Force (NPF) has announced the arrest of a politician in connection with the theft of over 200 million naira (approximately $246,153) from Patricia Technologies’ crypto wallet. In a recent post on X (formerly Twitter), the NPF said the arrest...
Tron’s Justin Sun Announces ‘Epic Airdrop’ in Wake of HTX, Heco, and Poloniex Hacks
26.11.2023
In the aftermath of September’s HTX breach, along with the subsequent attacks on Poloniex and Heco Bridge in November, HTX faced yet another security breach on November 23, resulting in a loss of $30 million. HTX announced its commitment to “fully compensate” for the financial...
Filmmaker Makes Millions After Risky Dogecoin Bet Pays Off — Faces Netflix Lawsuit
25.11.2023
A U.S. filmmaker reportedly made a profit of more than $20 million from a bet on the cryptocurrency dogecoin. Netflix accuses the filmmaker of using funds meant for the production of a TV series to place risky bets on a biotech company, the S&P 500, and dogecoin. Rinsch Lost $5.9 Million in...
Kyber Network Confirms Security Incident in Which $47 Million Was Stolen
25.11.2023
Kyber Network said on Nov. 22 that Kyberswap Elastic “experienced a security incident” in which crypto assets worth more than $45 million were stolen. Kyber Network said it was investigating the incident and urged all “users to promptly withdraw their funds.” Kyber Forks...
Ethereum L2 Platform Blast Draws $400M in a Week Despite Invite-Only Access and Criticism
25.11.2023
This week, the crypto community is abuzz with discussions about Blast, a new Ethereum layer two (L2) platform. The project gained prominence after securing a notable $20 million in funding, spearheaded by Paradigm and Standard Crypto, among other investors. Developed by Pacman, the entrepreneur...
Blast network hits $400M TVL, rebuts claim that it's too centralized
24.11.2023
The Blast team responded to claims that it’s multi-signature upgrade functionality makes it too centralized
UAE’s Bitcoin Mining Firm Phoenix Group Secures $370 Million in Oversubscribed IPO
24.11.2023
The United Arab Emirates (UAE) is making its entry into the bitcoin mining sector. In a recent declaration by Phoenix Group PLC, a bitcoin mining enterprise, it was revealed that the company successfully garnered $370 million through an initial public offering (IPO) that was highly sought after...
Bitcoin Price Reaches 18-Month High of $38,200 While Bitcoin ETF Token Surges Past $1.57m as FOMO Picks Up
24.11.2023
Friday, November 24, 2023 – The Bitcoin price smashed through $38,000 door after BlackRock met with the US Securities and Exchange Commission (SEC) to talk about its ETF application as the odds on approval rise and new cryptocurrency the Bitcoin ETF Token raises north of $1.5 million. The Bitcoin...
Is It Too Late to Buy Gas? Neo GAS Price Soars 11.5% as Viral Meme Coin MK Secures $2 Million – Next SHIB or DOGE?
24.11.2023
NEO’s native settlement GAS token, has undertaken a price explosion, with GAS price pushing up +11.5% despite serious retracement, is it too late to buy GAS token? GAS is a settlement token, generated by staked NEO, which is used to pay for transactions on the NEO network. In recent weeks...
Covalent grants $2.5 million to boost Polygon ID ecosystem
24.11.2023
Covalent, a leader in making provision for data analytics targeting Web3, has formed an exclusive partnership with Polygon ID. The deal aims to strengthen the Polygon ID ecosystem, which involves players such as issuers, authenticators, wallet suppliers, and system integrators. Added to that...
KyberSwap hacker offers $4.6M bounty for return of $46M loot
24.11.2023
“On the table is a bounty equivalent to 10% of users’ funds taken from them by your hack,” said KyberSwap to its hacker in an on-chain message
Hollywood Meets Crypto: Director Uses Netflix Funds for Risky Dogecoin Bet
24.11.2023
Source: Boxoffice Movie Scenes / YouTube Carl Erik Rinsch, the director of “47 Ronin,” allegedly took nearly $60 million that Netflix gave him for a sci-fi series to invest in the crypto and stock markets. According to The New York Times, Netflix gave the director more than $55 million...
KyberSwap Exploited in $46 Million Attack Due to ‘Infinite Money Glitch’
24.11.2023
Source: AdobeStock / Roman Samokhin According to Ambient Exchange founder Doug Colkitt, KyberSwap’s $46 million hack was “the most complex and carefully engineered smart contract exploit” and confirmed that what happened was an infinite money glitch. In a detailed thread on...