Bitcoin price sheds 3% as $6B leaves Mt. Gox cold wallet
Mt. Gox appears to be shifting funds from cold storage in preparation for distribution to creditors, with nearly 100,000 BTC in outflows on July 16. Go to Source
Month: July 2024
Huione Marketplace Involved In Laundering $35M From DMM Bitcoin Hack
In July 2024, over $35 million from the infamous $305 million DMM Bitcoin hack has been laundered through the online marketplace Huione Guarantee. Suspicions point to the Lazarus Group, known for sophisticated laundering techniques and off-chain indicators linked to similar cyberattacks. Tether’s Response and Laundering Path Over the weekend, Tether took action by blacklisting a … Read more
Minterest Protocol Hacked For $1.4M In Security Breach
The Minterest protocol recently suffered a security breach resulting in the loss of approximately $1.4 million in assets. The exploit occurred on the Mantle chain, with the attacker funded by TornadoCash on the Ethereum (ETH) chain. All stolen funds on the Mantle chain have since been bridged to ETH. 🚨ALERT🚨@Minterest has encountered a security breach … Read more
Pendle (PENDLE) Surges As Whale Withdraws Millions From Binance
Pendle (PENDLE) has emerged as a standout performer in the cryptocurrency market, demonstrating significant gains recently. At the time of writing, Pendle is trading at $4.49, marking a notable 16.15% increase over the past 24 hours and a 29.33% rise from the previous week, according to data from Coinmarketcap. PENDLE Whale Movement and Profitable Strategy … Read more
Bitcoin Market Dynamics: From ATH To Recent Recovery
The Bitcoin market has navigated through several phases over the past 18 months, beginning with a period of steady price appreciation post-FTX, followed by three months of consolidation after reaching an all-time high (ATH) of $73,000. During May to July, Bitcoin underwent its deepest correction cycle, experiencing a drawdown of over -26% from its ATH. … Read more
Chainalysis Chief Economist Joins Tether Amidst Ongoing Class Action Lawsuit
Amidst a legal challenge, Tether, the USDT stablecoin issuer, has made a strategic appointment. The Chief Economist of crypto surveillance company Chainalysis, Philip Gradwell, has been brought on board as Tether’s Head of Economics. This move comes at a time when Tether and its sister crypto exchange Bitfinex are facing a class action lawsuit. The … Read more
Ethereum Surges 6% As Digital Asset Investments Reach Record Highs
Ethereum made a notable rebound today, climbing 6% to surpass the $3,300 mark amid positive market sentiment. This uptick follows significant inflows into digital asset investment products, which according to CoinShares, totaled $1.44 billion last week, pushing year-to-date inflows to a record $17.8 billion. Bitcoin alone saw its fifth-largest weekly inflow ever, amounting to $1.35 … Read more
Mt. Gox moves $3B in BTC to unknown address
Mt. Gox’s cold wallet transfers 47,229 BTC worth $3 billion to an unknown address, marking significant activity after a two-week lull. Go to Source
AT&T should’ve stored their data on the blockchain, exec argues
Chirp founder Tim Kravchunovsky argued that with the technology available today, the AT&T breach is “inexcusable.” Go to Source
Tokyo-Based Metaplanet Adds Almost 22 More Bitcoin to Its Treasury
Metaplanet, a Tokyo-based public company, has revealed that it has acquired more bitcoin for its treasury holdings. According to disclosure statements, Metaplanet acquired 21.877 bitcoin, spending about $1.26 million (200 million Japanese yen) for this purpose. Now, Metaplanet holds 225.61 bitcoin, having paid a little over $14.17 million for the cryptocurrency acquired. In May, the … Read more