What’s next for Binance after $100 million BNB hack?
Top blockchain and crypto news: Binance puts brakes on BNB Chain theft. Will quantum computing kill crypto? Huobi sells up.
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Markets: Bitcoin, Ether inch up; XRP rebounds following positive lawsuit ruling
Bitcoin inched up today to remain above the US$19,000 support line amid mixed results among the top 10 cryptocurrencies by market capitalization, excluding stablecoins, led in gains by Tron. XRP rebounded from losses yesterday. See related articles: Binance to hard fork BNB Smart Chain amid heated debate around decentralization Fast facts Bitcoin gained 0.17% in…
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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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Indian investors allegedly duped in crypto cloud mining scam
About thirty investors in India have been allegedly duped of US$54,653 through a crypto cloud mining app, local media reported. See related article: India financial crime unit cites ‘Chinese-controlled entities’ in alleged crypto fraud Fast facts Investors from Solapur city in India’s Maharashtra state were allegedly duped by fraudsters who lured them to download the…
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Judge grants amicus requests to support Ripple in lawsuit with SEC
District Judge Analisa Torres of the U.S. District Court for the Southern District of New York has granted I-Remit and TapJets’ requests to file amicus curiae briefs in support of Ripple Labs, following a rejection of objection by the Securities and Exchange Commission (SEC). See related article: Ripple slams SEC’s opposition to brief motions in…
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Valkyrie to liquidate balance sheet ETF, delist from Nasdaq
Crypto asset manager Valkyrie will liquidate its Balance Sheet Opportunities exchange-traded fund (ETF) at the end of October and then delist from Nasdaq.See related article: What the Bitcoin futures ETF bonanza means for investors Fast facts See related article: Markets: Bitcoin price falls with Ether. Doge sole gainer in top 10 cryptocurrencies
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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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Are NFTs securities? Bored Ape creator Yuga Labs faces SEC probe
The U.S. Securities and Exchange Commission (SEC) is reportedly probing Yuga Labs, Inc., the company behind the top-selling non-fungible token (NFT) collection Bored Ape Yacht Club (BAYC), for its issuance of the digital assets, according to a Bloomberg report. See related article: SEC fines Kim Kardashian US$1.26 mln for promoting EthereumMax Fast facts The report…