DPRK hackers sneak US$52 mln in crypto into S.Korean exchanges: Chainalysis
South Korean media has reported that local crypto exchanges may become a “playground” for North Korean hackers.
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Binance to hard fork BNB Smart Chain amid heated debate around decentralization
The crypto world has been watching how one of the world’s largest blockchains responds to a hack last week and the questions it raises about the state of decentralization in the industry.
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Solana-hosted DeFi platform Mango exploited for over US$100 mln
Mango Markets, a decentralized platform hosted on the Solana blockchain, was exploited for over US$100 million. See related article: What is the Solana ecosystem and how is it fueling SOL’s stratospheric rise? Fast facts Mango’s token MNGO was severely impacted, dropping 42.9% in the past 24 hours to US$0.023 as of 11:15 a.m. in Hong…
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BSC to hard fork on Wednesday after US$100 mln exploit
BNB Smart Chain (BSC), the blockchain network launched by the world’s largest cryptocurrency exchange Binance, will perform a hard fork and upgrade on Wednesday as a fix following an Oct. 6 vulnerability, according to an announcement on Tuesday. See related article: BNB Chain back online after around $100 mln lost in possible exploit Fast facts…
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What is the future for cryptocurrency mixers after U.S. sanctions on Tornado Cash?
Tornado Cash, the Ethereum coin mixer slapped with sanctions by the U.S. Treasury back in August, has returned to the software hosting website GitHub amid a flurry of lawsuits against the Treasury for its action.
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BNY Mellon, largest custodian bank, starts Bitcoin, Ether custody services
Bank of New York Mellon Corp., a 238-year-old bank based in the U.S., is now allowing select U.S. clients to hold and transfer Bitcoin and Ether, the bank announced in a press release on Tuesday. See related article: Crypto self-custody is no longer a choice. It’s an imperative. Fast facts BNY Mellon will store private…
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European Parliament agrees on preliminary crypto regulation
The European Parliament passed a preliminary legal framework for the crypto space on Monday that aims to increase standards and requirements for digital asset companies, ahead of a final vote expected soon. See related article: Europe cancels AML amendment that would have forced identity verification for non-custodial wallets: report Fast facts EU lawmakers voted heavily…
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Markets: Bitcoin price dips below US$19,000 before climbing back, XRP leads crypto losers
Bitcoin briefly fell below US$19,000 in trading in Asia on Tuesday for the first time this month amid losses across the top 10 cryptocurrencies by market capitalization, excluding stablecoins. XRP led the losers. See related articles: Two firms seek to weigh in on XRP lawsuit between SEC, Ripple Fast facts Bitcoin fell 1.73% in the…
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Justin Sun, SBF again deny involvement in Huobi Global sale
The founder of blockchain network Tron, Justin Sun, and crypto exchange FTX founder Sam Bankman-Fried each denied for a second time that they have participated in purchasing a majority stake in Huobi Global, after crypto media outlet Wu Blockchain said on Monday that Sun was actually the Chinese crypto exchange’s behind-the-scenes purchaser, with Bankman-Fried was…
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Bitcoin mining difficulty hits new high after Ethereum ‘Merge’ makes space
Bitcoin mining difficulty climbed to a record high on Monday, a large part of which is attributed to Ethereum’s “Merge” upgrade freeing up more room for Bitcoin miners, according to Bloomberg. See related article: Brazil police bust crypto group led by ‘Bitcoin Sheikh’ Fast facts Bitcoin mining difficulty, a measure of the amount of work…