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
The Latest Tech News in Crypto and Blockchain Cube.Exchange, a digital asset trading platform, has raised $12 million in a Series A fundraise led by 6th Man Ventures. Other investors include Asymmetric, ParaFi Digital, Foundation Capital, Susquehanna Private Equity Investments, GSR Markets, and more. The funds will be used to expand various aspects of the … Read more
Renowned Economist Says Bitcoin Price Will Reach $10 Million On The Back Of This Catastrophic Event Peter Schiff, a chief economist and global strategist, has predicted that Bitcoin could reach $10 million if the US dollar experiences hyperinflation. This prediction is based on the historical example of the German Papiermark, which experienced significant depreciation due … Read more
Bitcoin Price (BTC) Regains $41K in End of Week Rally ARK Invest has sold over 2.2 million shares of the ProShares Bitcoin Trust ETF and bought 1.5 million shares of the ARK 21 Shares Bitcoin ETF. They sold the ProShares Bitcoin Trust ETF as part of a short-term play strategy and in anticipation of the … Read more
SEC Mishap Triggers $220 Million In Crypto Liquidations A fake tweet from the SEC’s hacked Twitter account claiming approval of Spot Bitcoin ETFs triggered a surge in prices followed by a crash, leading to $220 million in liquidations and losses for 70,000 traders. Long traders suffered the most, with $133.5 million in liquidations compared to … Read more
The race among Spot Bitcoin ETF issuers is intensifying as Bitwise has gained interest from an investor to seed its ETF with $200 million, potentially overtaking BlackRock and gaining an advantage in meeting client demands. Bitwise’s intention to lead the way in the ETF market was displayed through its commercial release. Meanwhile, other issuers like … Read more
XRPL’s Capability To Handle 293+ Million Transactions Daily Can Make XRP A Global Utility Asset XRP enthusiasts are optimistic about the cryptocurrency’s growth potential, following Ripple’s partial win against the SEC. Popular XRP influencer Alex Cobb shared data about the XRP Ledger’s capabilities, highlighting its potential as a global payment facilitator. Cobb revealed that XRPL … Read more
