Over the weekend, South Korean Karaoke service SOMESING suffered a hack that stole hundreds of millions of SSX tokens. This hack has made crypto exchanges in South Korea alert users and take provisionary actions to minimize investors’ risks. Related Reading: Ethereum Foundation Faces Legal Probe Over Gatecoin Hack Involvement Upbit Alerts Over Security Risks On

Quick Take In an environment marked by tumultuous swings, Bitcoin is marching toward its fifth consecutive higher monthly close, resting roughly 1% higher than the Jan. 2024 opening value of $42,278. This month was a rollercoaster ride for the digital asset, with peaks touching $49,000 and troughs sinking to roughly $38,500. The volatility was stoked
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Quick Take The Bitcoin landscape has witnessed a compelling shift over the past two weeks, with whale entities, defined as network clusters holding at least 1,000 BTC, consistently withdrawing more from exchanges than depositing. As per the data collated from Glassnode, approximately 100,000 BTC have been withdrawn, marking a scarcely seen trend sustained for 14
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In a move to bolster its global expansion efforts, Coinbase has enlisted George Osborne, a prominent figure in U.K. politics and finance. Osborne, known for his tenure as the U.K.’s Chancellor of the Exchequer (Treasury) from 2010 to 2016 and his contributions to the country’s economic and financial policies, joins Dr. Mark T. Esper, former
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Layer1 blockchain network Sui is ending the month as one of the best-performing digital assets, according to CryptoSlate’s top gainers list. According to the list, SUI gained around 75% during the past 30 days to post a new all-time high of $1.64 on Jan. 30, surpassing its previous high of $1.43. However, its value has
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Since finance YouTuber Andrei Jikh recently covered the so-called Bitcoin Power Model, there has been a notable debate within the Bitcoin community around its viability. Jikh opened his video entitled “2024 Bitcoin Price Prediction (CRAZY!)” by stating, “Today I want to show how a simple math rule that’s able to predict patterns of the universe has
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U.K. authorities seized 61,000 BTC valued at approximately £1.4 billion (or $1.78 billion) related to an investment fraud that operated in China, the Financial Times reported. The mastermind behind the fraud, Zhimin Qian, converted part of the profits from a £5 billion investment scam operated in China between 2014 and 2017 into the top cryptocurrency
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Chris Larsen, executive chairman and co-founder of Ripple, said on Jan. 31 that several of his personal XRP accounts had been hacked. He wrote in a post on X: “Yesterday, there was unauthorized access to a few of my personal XRP accounts (not Ripple) – we were quickly able to catch the problem and notify
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It’s impossible to know if Bitcoin has hit its peak in real time, but dead simple to figure it out in hindsight. That’s why there are so many analysts comparing current price charts to old ones and invoking a famous Mark Twain quote. On Wednesday morning in Europe, Bitcoin was trading for around $42,560. That’s

The ETF provider becomes the first to withdraw its application for a U.S. spot Bitcoin ETF since multiple funds were approved in January.