In November 2019, the cryptocurrency sector was rocked by a significant incident—the theft of $50 million worth of Ethereum (ETH) from Upbit, one of South Korea’s leading cryptocurrency exchanges. As investigations unfolded, it became evident that this attack was not an isolated event but rather orchestrated by notorious North Korean hacking groups. The Lazarus and
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Gary Gensler’s upcoming departure from the role of Chairman of the U.S. Securities and Exchange Commission (SEC) on January 20, 2025, marks a significant juncture for the agency as it coincides with the inauguration of President-elect Donald Trump. Gensler, who has been at the helm since April 2021, described his time with the SEC as
In a rapidly evolving digital landscape, the United States is contemplating the creation of a significant role, the “crypto czar,” aimed at establishing robust policies for the burgeoning cryptocurrency market. This initiative, reportedly championed by the Trump administration, comes at a time when the global digital asset market has surged to an impressive $3 trillion.
In a landmark move on the occasion of Nikolai Durov’s 44th birthday, the NikolAI project has unveiled its inaugural NFT series, marking a significant milestone in the landscape of blockchain technology. Durov, acclaimed for his mathematical insights and cryptographic skills, co-founded Telegram and has heavily influenced the cryptocurrency and tech space. This project not only
On November 21st, the Sui Network experienced a significant disruption, halting transactions on its mainnet and leaving the blockchain inoperable for approximately two hours. This incident stemmed from a bug in the transaction scheduling logic that resulted in validator crashes. The core team behind Sui swiftly announced that operations were resumed, crediting the diligent efforts
As the cryptocurrency market continues to evolve, Ethereum, the second-largest digital currency by market capitalization, has reached a crucial point of consolidation around the price of $3,107. After achieving a notable four-month peak of $3,420, the Ethereum price has exhibited stagnation in its performance whenever compared to Bitcoin, its larger counterpart. This relationship has often
The cryptocurrency market is a double-edged sword, combining untold possibilities for wealth creation with an alarming number of scams that prey on unsuspecting investors. The Shiba Inu (SHIB) community, known for its vibrant and active group of enthusiasts, is increasingly becoming a target for fraudsters exploiting its popularity. Recent reports emphasize the importance of vigilance
Since its debut in early 2023, My Neighbor Alice (MNA) has rapidly ascended the ranks of popular blockchain-based metaverse games, captivating gamers with its unique offering that combines elements of gameplay with Web3 technologies. New developments from its creators, spearheaded by business director Antonio Palma, reveal that the game is not content to rest on
In a significant development for cybersecurity and cryptocurrency regulations, South Korean authorities have successfully traced and recovered 4.8 Bitcoin (BTC) that was linked to the notorious hacking of the Upbit exchange in 2019. The hack, attributed to North Korean operatives, specifically involved the theft of 342,000 Ethereum (ETH), a staggering incident that not only highlighted
The digital asset landscape in the UK is undergoing substantial transformation, particularly with the anticipated launch of the GBPA, a stablecoin pegged to the pound sterling. Developed by Agant, this new financial instrument aims to fill a notable void in the digital currency space, which increasingly demands regulated solutions. As millions of individuals and a