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Approval Phishing Scams See “Explosive Growth,” Nearly $375 Million Stolen This Year Alone
14.12.2023
Approval phishing scams are on the rise in the crypto space, with early $375 million stolen this year alone, according to new data from blockchain analytics firm, Chainalysis. Malicious activity by approval phishing scammers on the blockchain The new data comes from the organization’s...
Is APT Going to Zero? Aptos Price Tumbles While New Bitcoin Mining Protocol Locks in $5.2 Million
14.12.2023
A massive $195m Aptos token unlock has triggered a tumble in APT price, as markets hesitate entering into the increased circulating supply, leaving some dejected holders asking ‘is APT going to zero?’. The unlock happened on December 12, in a planned move that saw 24.8m released onto...
Lolli Secures $8M in Series B Funding to Boost Crypto Adoption Through Innovative Rewards System
14.12.2023
With a fresh infusion of $8 million in Series B funding, Lolli aims to be well positioned to continue improving upon and growing the cryptocurrency rewards sector. Lolli Secures $8 Million for Crypto Rewards Market Expansion Lolli, a prominent player in the bitcoin and cashback rewards arena, today...
As DONK Meme Coin Skyrockets 4.5x Overnight, This Niche Crypto Has Clinched $3.9 Million – 100x Potential in 2024?
14.12.2023
As DEX launched spin-off tokens continue to post jaw-dropping rallies, DONK token has emerged as the latest skyrocket after embarking on skyrocket 4.5x price pump. This comes as recent months have seen a huge trend in explosive DEX-traded token moves, with countless moon-shots garnering significant...
Yearn.finance Ask Traders to Return Gains Following $1.4 Million Multisig Error- What’s Going On?
14.12.2023
Source: AdobeStock / Sergey Nivens Decentralized finance (DeFi) protocols Yearn.finance has called on arbitrage traders to return excess profits they accrued as a result of a multi-signature scripting error that led to a $1.4 million drain. In a Dec 11 GitHub post, the protocol’s contributor...
NFT-Focused Line Next Secures $140 Million Investment in Funding Round Led by Peter Thiel-Sponsored Firm
14.12.2023
Line Next, a subsidiary of Line Corporation, said on Dec. 13 that it has secured a $140 million investment in a funding round led by the Peter Thiel-sponsored Crescendo Equity Partners. Line Next has said it will use the capital raised to fund the expansion of its global business and develop...
Blockstream Completes $5M Series 1 Raise, Set for Acquisition of New ASIC Miners
14.12.2023
Source: Pexels Leading Bitcoin timechain technology firm Blockstream has announced the successful completion of its Series 1 Blockstream ASIC (BASIC) Note raise, securing an impressive $5.07 million. After a successful $5M raise in the first Blockstream ASIC (BASIC) Note series and the swift...
Justin Sun Says Customer Assets Are 100% Safe Despite $200 Million Hacked From Exchanges
14.12.2023
Source: YouTube / CNBC Customer deposits at sibling crypto exchanges HTX and Poloniex are “100% safe” despite multiple recent hacks, according to Justin Sun – the owner of both platforms. In conversation with CoinDesk, said that both platforms have recovered from the hack, and have already resumed...
Messaging App LINE Secures $140 Million for Expansion of NFT Platform
13.12.2023
Source: Pixabay The NFT arm of messaging app LINE has raised $140 million in investment to “popularize the Web3 ecosystem.” In a statement released on Wednesday, LINE NEXT, LINE’s South Korea-based NFT unit, claimed the investment was “the largest in the Asian blockchain and Web3 industry this...
Okx Dex Falls Victim to $2.7M Cyber Heist, Arkham Confirms
13.12.2023
Numerous reports reveal that a security breach at Okx’s decentralized exchange (dex) platform resulted in financial damages estimated at $2.7 million, as confirmed by the onchain intelligence firm Arkham. Crypto Platform Okx Dex Hit by $2.7 Million Hack, Bounty Offered for Hacker’s...
BTC Derivatives Show Resilience Amidst Fluctuations, Eye $50K Target
13.12.2023
Source: Adobe / photoschmidt Despite Bitcoin (BTC) trading below its 2023 high and struggling to stay above the $41,000 mark, derivatives data suggests traders remain optimistic, eyeing a $50,000 target and beyond. While a $127 million liquidation of leveraged long Bitcoin futures occurred...
Is Synthetix Network Going to Zero? SNX Price Tumbles 7% as Bitcoin Mining Protocol Clinches $5.2 Million in Funding
13.12.2023
In the midst of a major SNX price rally, a -7% tumble from a 600-day high has sent a wave of panic through the Synthetix Network community – leading some to ask is Synthetix Network going to zero? This comes after an explosive upside move, triggered by the news that Synthetix Network...
Bitcoin Miners Profit as Fees Reach $60M; Rising Interest in Rebel Satoshi Captivates Whales
13.12.2023
In the dynamic world of cryptocurrencies, Bitcoin miners are experiencing a significant rebound, with profits reaching $60 million, highlighting Bitcoin’s enduring appeal. In parallel, the crypto community is witnessing a surge in interest in Rebel Satoshi, a new memecoin, attracting...
Shiba Inu (SHIB) type returns to be replicated by Retik Finance (RETIK) feels expert
13.12.2023
The 2021 bull cycle saw nearly all cryptocurrencies surge to new all-time highs. Shiba Inu (SHIB) outperformed the rest of the industry with a whopping 43 million percent jump. As we approach another bull market, market analysts have spotted another crypto asset exhibiting a similar price action...
US Seizes Half a Million Dollars in Digital Currency Linked to Chinese Man Involved in Crypto Fraud
13.12.2023
Source: Pexels The United States has seized digital currency valued at approximately half a million dollars from an account registered to a Chinese individual who was implicated in a crypto-investment fraud scheme. The scam, commonly referred to as “pig butchering,” involves...
DOJ Charges Two Men For $25 Million Crypto “Trading Bot” Ponzi Scheme
13.12.2023
Source: Department of Justice In another crackdown against crypto criminals, the U.S. Department of Justice (DOJ) has charged two middle-aged men with stealing over $25 million from victims in a so-called “cryptocurrency Ponzi scheme.” Citing court documents, the DOJ accused David Gilbert Saffron...
KuCoin to Shutter Services in New York After $22 Million Settlement Package – Here’s the Latest
12.12.2023
Source: Pexels The KuCoin crypto exchange is set to shutter its operations in the ‘Big Apple’ following an agreement with the Supreme Court of the State of New York County. Besides restricting access to its platform for New York residents, KuCoin has agreed to pay a $5.3 million fine...
New York AG Secures $22 Million Settlement From Kucoin for Unregistered Trading Activities
12.12.2023
In a recent legal development, New York Attorney General Letitia James has successfully obtained over $22 million from Kucoin, a well known crypto trading platform. This settlement arises from Kucoin’s alleged failure to register as a securities and commodities broker-dealer and...
Meme Coin Rebel Satoshi Smashes Through Round 1 Presale in 10 Days
12.12.2023
PRESS RELEASE. Rebel Satoshi, the meme coin on a community-driven mission to unite the silent majority and secure a $100 million market cap, has smashed through its first two fundraising rounds and attracted $500,000 since November 5th. The Early Bird Round sold out in 3 weeks with Rebels Round...
StarkWare to Pay 10% of Network Fees to Developers in Pilot Program
12.12.2023
Source: Adobe Stock Ethereum developer StarkWare said it will pay 10% of its network fees to builders as part of a new pilot program dubbed the “Devonomics Pilot Program” incentivising the team to make the network “bigger and bolder.” The first distribution paid to developers amounts to 1,600...