In 2019, the cryptocurrency landscape in South Korea was shaken by the colossal heist at Upbit, one of the country’s leading cryptocurrency exchanges. Investigators revealed that this audacious crime resulted in the theft of approximately $50 million worth of Ethereum (ETH). As the investigation unfolded, the puppet masters behind the operation were identified as hacking
Crypto
In an unprecedented move, Celsius Network, which is currently embroiled in bankruptcy proceedings, has received permission from a Southern District of New York Bankruptcy judge to utilize non-fungible tokens (NFTs) as a method for serving legal notices. This innovative step highlights the complexities associated with cryptocurrency transactions and the challenges faced by legal systems in
The blockchain landscape continues to evolve rapidly, with various projects vying for dominance in the decentralized ecosystem. One such project is Sui Network, a Layer 1 blockchain established by former engineers from Meta’s Novi division, aimed at providing improved transaction speeds and reliability. However, the recent disruption it faced serves as a cautionary tale on
In the fast-paced world of cryptocurrency, the Shiba Inu (SHIB) community has gained significant attention, attracting both genuine enthusiasts and fraudulent actors. Recently, the rise of scams in the Shiba Inu ecosystem has led to alarming warnings from Shibarium Trustwatch and other authority figures. These scammers, taking advantage of the booming popularity of SHIB, have
The cryptocurrency market has intensified its scrutiny of new financial instruments, especially with Binance’s recent unveiling of its BFUSD token. Marketed as an alternative to conventional stablecoins, BFUSD offers an enticing 19.55% annual percentage yield (APY). Such a high yield instantly raises eyebrows and triggers speculation about sustainability and underlying risks. This approach mirrors trends
Heather Morgan, known for her flamboyant rap persona “Razzlekhan,” has recently made headlines not for her musical endeavors, but for her involvement in one of the largest cryptocurrency hacks in history. The 2016 Bitfinex hack resulted in the theft of nearly 120,000 Bitcoin, a sum that equated to about $71 million at the time but
In a significant step for the cryptocurrency sector, Brian Armstrong, the CEO of Coinbase, is anticipated to meet in private with President-elect Donald Trump. This development has raised eyebrows within the financial community and beyond, as the meeting could influence key appointments that have long-term ramifications for the ever-evolving landscape of digital currencies. The context
The cryptocurrency landscape is known for its rapid developments and unexpected collaborations, and the recent interaction between Charles Hoskinson, the founder of Cardano, and Brad Garlinghouse, the CEO of Ripple, highlights this dynamic change. Their discussions hint at a potential partnership that might reshape the interactions and collaborations within the crypto ecosystem. Just weeks ago,
The cryptocurrency landscape is an ever-evolving terrain filled with highs and lows, innovation and volatility. Among the swirling tokens and volatile prices, the furry meme coin known as Bonk has recently catapulted itself into the limelight, captivating the attention of investors amidst its meteoric rise. Following a dramatic two-week increase, Bonk’s price settled at $0.000049
In a significant financial maneuver, Tokyo-listed Metaplanet has decided to widen its Bitcoin footprint through a debt issuance announced during its Board of Directors meeting on November 18th. The company aims to issue ordinary bonds valued at 1.75 billion yen—equivalent to approximately $11.3 million. This strategic move reflects a growing trend among corporations to seek
