Crypto news

The advancement of computing power over the past few decades has been extraordinary. As computers become more powerful, hackers gain access to more sophisticated tools to launch attacks against crypto platforms. The threat of quantum and AI-driven hacks will soon be a major challenge for crypto entrepreneurs and developers. Web3 hacks are one of the biggest challenges the industry is facing and a significant barrier to institutional adoption and mainstream usage. According to...

Investment inflows into digital assets reached a whopping $901 million in October, comprising 12% of assets under management and marking the fourth-largest monthly inflows to date. With these additions, year-to-date inflows have reached $27 billion – almost triple the 2021 record of $10.5 billion. US Political Climate Drives Bitcoin Inflows According to the latest edition of CoinShares’ “Digital Asset Fund Flows Weekly Report,” the month’s inflows were overwhelmingly focused...

[PRESS RELEASE – San Francisco, United States, October 28th, 2024] Another set of EasyA hackathon winners (also known as “gigabrains”) are headed to Y Combinator. Artemiy Malyshau and Jeevan Juttla attended their first EasyA x Polkadot hackathon nearly two years ago, where they first started experimenting with the ideas that would later become Gecko Sec. Today, they’ve just been accepted into the world-famous Y Combinator accelerator, which has backed some of the world’s most...

Grant Colthup, the former CEO of ACCE Australia, is facing a single fraud charge following an investigation by the Australian Securities and Investments Commission (ASIC). Colthup, who appeared in the Magistrates Court at Ipswich, Queensland, was charged with embezzling $1.47 million (2.2 million Australian dollars) from a customer. $1.5M Bitcoin Payment Goes Missing From May 2019 to September 2022, ACCE ran a digital asset exchange platform that provided cryptocurrency...

Reports have emerged that bad actors allegedly tied to North Korea’s Lazarus Group executed a complex cyberattack that used a fake NFT-based game to exploit a zero-day vulnerability in Google Chrome. According to the report, the vulnerability ultimately allowed the attackers to access people’s crypto wallets. Exploiting Chrome’s Zero-Day Flaw Kaspersky Labs security analysts Boris Larin and Vasily Berdnikov wrote that the perpetrators cloned a blockchain game called...

[PRESS RELEASE – British Virgin Islands, British Virgin Islands, October 26th, 2024] The digital era has opened up countless opportunities for creators and entrepreneurs to showcase their talents, reach new audiences, and grow their businesses. LayerK plays a vital role in this ecosystem by providing the tools and resources that digital creators need to thrive. From content creators to budding entrepreneurs, LayerK empowers individuals to turn their ideas into impactful...

The cryptocurrency sector comprises various legitimate projects and innovations but is also rife with fraudulent schemes. One such scam reportedly pocketed billions of euros from its unsuspecting clients after using popular football players as backers. Painful Losses Following the Footballers’ Involvement El Diario – a Spanish digital newspaper known for its investigative journalism – recently claimed that a dubious cryptocurrency project, called Omegapro, embezzled a...

While bitcoin demand among large investors is picking up as time passes, smaller market players are lagging. According to a CryptoQuant report, the holdings of retail bitcoin investors are growing at a historically slow pace, even as this cohort of players gradually returns to the market amid BTC’s ascent to the $70,000 level. Retail Investor Holdings Slowly Growing In the past 30 days, retail bitcoin holdings have increased by just 1,000 BTC. The total assets by this group...

Bitcoin’s price went through a massive rollercoaster on Friday night, dumping by $3,000 in minutes before it recovered some ground to $67,000. The altcoins have it even worse, and the total crypto market cap has shed about $70 billion overnight. BTC’s Down and Up The business week started quite promising for the primary cryptocurrency, which jumped on Monday from $68,000 to $69,500 to chart its highest price tag since late July. However, it faced an immediate rejection at...

Bitcoin and the altcoins went through massive volatility on Friday night after a controversial report from the Wall Street Journal, which was denied by Tether’s CEO immediately. However, the damage was done, which harmed over-leveraged traders, as the liquidations skyrocketed to over $400 million on a daily scale. CryptoPotato reported WSJ’s claims that the US federal government had launched an investigation into the company behind the world’s largest stablecoin for possible...