Finance
The correlation coefficient between cryptocurrencies and U.S. stocks has reached a two-year high, now standing at 0.67. This significant development comes on the heels of the Federal Reserve's (Fed) recent decision to lower interest rates. According to Bloomberg, such a correlation hasn't been observed
IT
In a groundbreaking investigation, renowned on-chain analyst ZachXBT has brought to light the theft of 4,064 BTC, worth approximately $243 million, from the cryptocurrency lending firm Genesis. This well-orchestrated heist was carried out by three cybercriminals who exploited the victim through social engineering tactics, posing as Google support personnel.
Finance
On September 16, 2024, a significant event shook the cryptocurrency world when an anonymous Bitcoin whale transferred 43 BTC, worth approximately $2.54 million at the time of the transaction. This long-dormant whale had not moved any of their Bitcoin assets for nearly 11 years, making this transaction a notable
Europe
On September 10, 2024, a significant on-chain event occurred when two dormant Bitcoin wallets, often referred to as "whales," suddenly came to life after nearly 11 years of inactivity. These wallets, long forgotten or assumed lost by many in the crypto community, moved a total of 293 BTC.
World Wide
On September 24, 2024, a New York court is set to hand down a sentence to Caroline Ellison, the former CEO of Alameda Research. This highly anticipated event follows Ellison's collaboration with authorities and her pivotal role in testifying against Sam Bankman-Fried, the former CEO of FTX, with
Finance
Vitalik Buterin, co-founder of Ethereum, recently attended the Incrypted Conference 2024, which took place as part of the Ukrainian Blockchain Week in Kyiv. During his visit, Buterin shared his thoughts on the evolution of the Ukrainian crypto community, offering insights into its significant contributions to the Ethereum ecosystem, and commented
IT
Vitalik Buterin, the co-founder of Ethereum, recently explored the concept and key objectives of airdrops in the ever-evolving cryptocurrency landscape. As a prominent figure in the crypto community, Buterin's views offer valuable insights into the role that airdrops can play in the blockchain ecosystem, particularly in the context
IT
In recent years, the digital landscape has become increasingly fraught with sophisticated and evolving cyber threats. Among the latest developments in the realm of cybercrime is the alarming rise of a scheme known as "pig butchering." According to a new report from Chainalysis, a leading authority in blockchain
Finance
In recent months, Real-World Asset (RWA) funds have seen a surge in market capitalization, crossing the $2 billion mark. This remarkable growth reflects the increasing interest and trust in tokenized treasury bonds and similar financial products. Over the last five months, the value of RWA funds has doubled, reaching unprecedented
Finance
In a shocking turn of events, hackers successfully infiltrated the official Instagram account of fast-food giant McDonald's to promote a scam token, GRIMACE, running on the Solana blockchain. This breach marks another alarming incident where popular brands fall victim to cyberattacks, targeting unsuspecting social media followers for malicious
Finance
Authorities in Malaysia have detained seven individuals, suspected of stealing electricity to support illegal cryptocurrency mining operations. According to the investigation, the group tapped into the national power grid to run their mining farms, leading to their eventual arrest. The Malaysian police, following a specialized operation aimed at curbing illegal
Finance
In recent developments, the Indian authorities have issued a significant accusation against the cryptocurrency exchange Binance, alleging tax evasion to the tune of $86 million. The Directorate General of Goods and Services Tax Intelligence (DGGI) has issued a notice to Binance, claiming that the exchange has failed to comply with