MistTrack – a crypto tracking and compliance platform – has published updates on its investigation of the Harmony bridge hack that compromised $100 million last June. They found that the infamous North Korean hacking organization, The Lazarus Group, are likely behind the theft. The Movement of Funds In a Twitter thread on Monday, MistTrack said...Read More
The price of Ethereum, BNB Coin, Solana, and other DeFi altcoins kept running this week. New data in a report out from DappRadar reveals there were more NFTs sold in 2022 than the year before. DappRadar: NFTs Sales in 2022 Soared In more good news for cryptocurrency’s DeFi platforms, NFTs sold last year topped sales...Read More
Privacy tools have always been heralded as a key to financial freedom in the crypto industry. In the Ethereum ecosystem, discussions surrounding the subject matter have revolved mostly around privacy-preserving transfers of ETH and mainstream ERC20 tokens. In a bid to improve the state of privacy on the network, its co-founder Vitalik Buterin has proposed...Read More
As global influencers rubbed elbows at Davos, the IMF issued recommendations for crypto to global regulators. Depending on who you ask, crypto regulation could hurt the industry or open up vast new markets for normie investors. In a note published over the week, the International Monetary Fund wrote: “During times of stress, we’ve seen market...Read More
Circle – the issuer of the second largest stablecoin by market cap, USDC – is preparing to launch a permissionless protocol for letting users transfer their stablecoins between blockchains. The company said the protocol can be embedded into dapps, and provide the most “capital efficient” path for cross-chain USDC transfers. Bridging USDC In a tweet...Read More
One of the biggest critics of the cryptocurrency industry – Peter Schiff – expected bitcoin’s spike at the start of the year to cease shortly after it began and advised investors to sell their holdings when the asset was trading at around $18,000. The uptrend, though, continued, and BTC currently stands at $22,800 – a...Read More
Vitalik Buterin’s first tryst with the Bitcoin community dates back to 2011. He began participating in ‘Bitcointalk,’ a forum created by Satoshi Nakamoto. It was then that he co-founded and started writing articles for Bitcoin magazine. He began traveling to speak with BTC developers around the world in a bid to construct a new, potentially...Read More
Even though Bitcoin price has been on the rise recently, some remain skeptical that the correction is really underway, instead seeing the current upswing as a bull trap rather than a breakthrough signaling the end of the bear market. Despite this, the biggest cryptocurrency has maintained its recent gains and seems to continue shocking market...Read More
The Cardano network suffered a brief outrage on Sunday between blocks 8300569 and 8300570. Stake pool operator Rick McCracken shed more light on the matter and assured the community that the entire network did not go down. He said that an “anomaly” caused nearly 50% of nodes to disconnect and restart. According to McCracken’s latest...Read More
As the ripple-SEC litigation progresses, crypto lawyer and XRP amicus curiae John Deaton has said that U.S. crypto regulation is not on the horizon. According to Deaton, there is little chance of reasonable crypto legislation being enacted in the United States any time soon. He stated: “I believe the 1st or 2nd Quarter of 2025...Read More
Crypto markets have been showing strong signs of recovery – but not everyone is convinced, and financial institutions are understandably on their guard. According to the Federal Deposit Insurance Corporation (FDIC), offering crypto products and services should be considered a high-risk activity by traditional banks. “Business models that are concentrated in crypto-asset-related activities or have...Read More
Bitcoin prices have pushed higher over the weekend, continuing the rally that began with the new year. The asset has now notched up a 45% gain since its cycle low of $15,665 on November 22. However, there are mounting fears of a bull trap despite the rally still showing strength. A bull trap is a...Read More
The non-profit organization – Stellar Development Foundation – announced joining a new advisory committee of the United States Commodity Futures Trading Commission (CFTC). According to the firm’s statement, SDF will be one of the four crypto-focused organizations at the Global Markets Advisory Committee (GMAC), which is one of the five active Advisory Committees overseen by...Read More
