Blockchain Bandit Transferred 51,000 ETH to One Wallet After two years of inactivity, the “Blockchain Bandit” hacker consolidated 51,000 Ethereum worth $172 million into a single wallet. The hacker gained notoriety for stealing Ethereum using weak private keys. The funds were previously spread across 10 wallets and had been idle since January 2023. On the … Read more
El Salvador recently purchased 11 Bitcoin, worth over $1 million, following a $1.4 billion loan agreement with the IMF. Despite IMF restrictions on Bitcoin-related activities, El Salvador remains committed to its Bitcoin strategy, planning to buy more and hold its current reserves of 5,980.77 BTC, valued at around $580 million. This bold move may signal … Read more
Quick Recovery and Security Concerns Arkham Intelligence reported a $20 million cryptocurrency transfer from U.S. government wallets to a money laundering service, leading to concerns about security protocols. Most funds were returned within 24 hours, raising questions about the security of government-held crypto assets. The funds were linked to high-profile criminal cases, including the Bitfinex … Read more
Yala, Bitcoin Liquidity Layer Featuring Stablecoin Protocol, Raises $8M in Seed Round Yala, a Bitcoin liquidity platform, recently raised $8 million in a seed round led by Polychain Capital and Ethereal Ventures. Other investors include Galaxy Vision Hill, Anagram, and more. The funding will be used to expand Yala’s engineering, growth, and security teams in … Read more
Bitcoin And Solana Drive the Recovery The global digital asset investment market has rebounded, with $321 million in net inflows last week in crypto investment products. Bitcoin led the surge in inflows, with $284 million, while Solana also saw positive momentum. Ethereum, on the other hand, experienced outflows for the fifth consecutive week. The US … Read more
VanEck, an asset manager and Bitcoin ETF issuer, predicts that by 2050, Bitcoin could become a key international medium of exchange and one of the world’s reserve currencies. They believe that Bitcoin’s scalability issues will be addressed with Layer-2 solutions, making it more efficient. By 2050, Bitcoin could settle 10% of international trade and 5% … Read more
Exit Scams And Hacks Cost Crypto Sector $160 million In February In 2024, the crypto industry has already faced over $160 million in losses from hacks, scams, and exploits. Blockchain auditor CertiK reported that most of the losses in February came from exploiting vulnerabilities in crypto projects, with the largest exploit being $32.35 million on … Read more
Phishing Attack Swipes $5.1M Worth of BEAM A crypto trader suffered a phishing attack that resulted in the theft of 180 million BEAM tokens, valued at $5.14 million. The scammer quickly exchanged the tokens for 1,629 ETH, causing a 7% drop in the price of BEAM. The victim’s identity has been identified as Kirill Marinov, … Read more
Nine new ETFs launched in February 2024 have collected 6,009.49 bitcoins, worth about $288 million. At the same time, Grayscale’s Bitcoin Trust has sold approximately 2,252.2 bitcoins, totaling around $108 million. This shift indicates a growing interest in bitcoin ETFs and a potential decline in interest in Grayscale’s product. This article originally appeared on news.bitcoin.com … Read more
Criminals Behind $2M School Theft Admit Guilt: Crypto Mining Scheme Uncovered Two California school district officials, Jeffrey Menge and Eric Drabert, have pleaded guilty to stealing up to $1.8 million and using school district property and electricity to operate a crypto-mining operation. They used a Nevada-based company as a front for the scheme and engaged … Read more
