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Australians Lose AU$180 Million to Crypto Scams in Past 12 Months: AFP Alert

Australians have recently experienced significant losses due to cryptocurrency investment scams, with AU$180 million ($122 million) lost over the past 12 months. The Australian Federal Police (AFP) issued a warning on Wednesday, highlighting the growing sophistication and prevalence of these scams. These remarks were made during Scams Awareness Week 2024, which is designed to raise awareness of such schemes. According to the Australian Cyber Security Centre (ACSC), total investment scams...

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Bitcoin Price Analysis: A Plunge to $56K Is Possible if BTC Fails to Overcome This Resistance

Bitcoin’s price has yet to recover from the recent drop, consolidating without a clear indication of its future direction. However, there are some signs that it could drop further if it’s unable to overcome $60,000 soon. Recall that the largest digital asset slumped hard on Tuesday, dropping from over $63,000 to $58,000, before recovering slightly to its current levels of $60,000. Technical Analysis By TradingRage The Daily Chart On the daily timeframe, the asset has recently...

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Circle Addresses Bug That Could Have Led to Millions in Losses if Exploited

Attackers could have minted up to 35 million USDC on the Noble Bridge if Asymmetric Research had not found the flaws. Asymmetric Research, a blockchain cybersecurity firm, helped Circle identify a bug that could have led to massive losses if not addressed. It existed in Circle’s Cross-Chain Transfer Protocol (CCTP) deployed on the Cosmos network, which allows the firm’s USDC stablecoin to be bridged. Specifically, Asymmetric found the vulnerability in the noble-cctp module of the CCTP. “We...

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