Tag: Doge

Bybit Sees Over $4 Billion ‘Bank Run’ After Crypto’s Biggest Hack

Major cryptocurrency exchange Bybit has seen total outflows of over $5.5 billion after it suffered a near $1.5 billion hack that saw hackers, believed to be from North Korea’s Lazarus Group, drain its ether cold wallet. The total assets tracked on wallets associated with the exchange plunged from around...
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2024 Crypto Report: Bitcoin Stable, Ethereum Declines, Niche Tokens Rally

The median cryptocurrency investor saw their portfolio grow by $5,482 in 2024, according to a recent report by crypto tax and portfolio tracking platform CoinLedger. The study analyzed data from more than half a million users, highlighting key trends in the digital asset market, including top-performing tokens and the...
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SEC waves white flag on OpenSea probe, crypto bros rejoice

The U.S. Securities and Exchange Commission (SEC) is officially backing off its investigation into NFT marketplace OpenSea — yet another example of the crypto industry benefitting from loose regulations under the Trump administration. OpenSea co-founder and CEO Devin Finzer shared…...
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Microsoft’s New Chip Could Speed Up Bitcoin’s Quantum-Resistance Timeline

Microsoft’s latest quantum computing chip, Majorana 1, might accelerate the need to make Bitcoin resistant to quantum attacks. River, a Bitcoin exchange, says the quantum threat is still years away, but discussions must start now. Source: https://www.reddit.com/r/singularity/comments/1itf6xf/microsofts_majorana_1_is_here_gone_are_the_days/ Microsoft’s Breakthrough in […] The post Microsoft’s New Chip Could Speed Up...
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Bitcoin Miner Relief Incoming: Difficulty Drop Expected Sunday

On-chain data shows the Bitcoin miners will have an easier time starting Sunday as the network Difficulty is set to see a correction. Bitcoin Mining Difficulty Will Drop In Upcoming Adjustment The “Difficulty” refers to a feature built into the Bitcoin blockchain that controls how hard the miners would...
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Bybit launches $140m bounty to track down crypto heist

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is offering a massive bounty to crack crypto’s largest theft in history. The exchange is pledging 10% of recovered funds—potentially up to $140 million—to cybersecurity experts and blockchain analysts who help…...
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North Korea’s Lazarus Group Suspected in $1.4 Billion Bybit Crypto Hack

North Korea’s infamous Lazarus Group is suspected to be the mastermind behind the $1.4 billion Ethereum (CRYPTO: ETH) hack on cryptocurrency exchange Bybit, as per findings from blockchain data platform Arkham Intelligence. What Happened: According to the report, Lazarus Group, a state-sponsored hacking organization from North Korea, is believed to have pilfered over...
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