$30M DEXX Hack Linked to Over 8,600 Solana Wallets
The crypto world was shaken as blockchain security firm SlowMist revealed that over 8,620 Solana wallets were connected to the $30 million hack on memecoin trading platform DEXX. The incident, initially estimated at $21 million, has now been declared the second-largest crypto breach in November 2024, after Thala’s $25.5 million
XRP Surges as Ethereum Slips; Bitcoin Stays Steady
The cryptocurrency market continues to exhibit mixed trends, with XRP emerging as a standout performer, while Ethereum faces selling pressure and Bitcoin remains range-bound. Here’s a snapshot of the latest market movements: XRP Hits 2021 Highs XRP soared to $1.64 on Friday morning, marking its highest level since 2021. However,
Russian Lawmakers Approve Crypto Tax Bill: Miners to Pay up to 15%
Russian lawmakers have passed a landmark crypto tax bill requiring industrial Bitcoin miners to pay taxes on their revenues. The legislation, which has advanced through the State Duma and awaits approval by the Senate and President Vladimir Putin, marks a pivotal step in regulating cryptocurrency mining in the country. Tax
Bitcoin Nears $100K Amid Crypto-Friendly Leadership Speculation
Bitcoin surged toward the $100,000 milestone, reaching $97,361 on Thursday before settling at $95,640 in early Asian trading. This marks the largest price increase in two weeks, fueled by optimism over potential regulatory shifts in the U.S. Optimism Over Pro-Crypto Leaders Market sentiment turned bullish as speculation grew that crypto-friendly
Trump’s Crypto Policy: A Potential Windfall for Extremist Groups
Donald Trump’s return to the White House could reshape crypto policy, potentially benefiting not only investors but also extremist groups and terrorist organisations. His promise to loosen restrictions has raised concerns among experts about the misuse of cryptocurrencies for illicit activities. Crypto-Friendly Policies and Their Risks Trump’s pro-crypto stance includes
Tornado Cash Sanctions Overturned: TORN Token Soars 400%
A landmark US court ruling nullifying sanctions on Tornado Cash has sparked a surge in its native token, TORN, marking a pivotal moment for the crypto world. Here’s what you need to know. Sanctions Overturned by US Federal Court The US Fifth Circuit Court of Appeals has struck down the
Bitcoin Crash Wipes Out $200 Billion Amid Market Turmoil
Bitcoin’s price has plummeted sharply, dragging the broader cryptocurrency market with it. The flagship digital asset fell to around $90,000 from its recent peak of nearly $100,000 earlier this week, erasing $200 billion from the total crypto market value, which now stands at $3 trillion. Crypto billionaire Michael Novogratz attributed
Ethereum Sees Surge in Blob Usage as Layer-2 Solutions Gain Momentum
The Ethereum network is witnessing a notable surge in blob usage, reflecting an increasing shift towards layer-2 scaling solutions for faster and cost-effective transactions. What Are Blobs and Why Do They Matter? Blobs, or binary large objects, are a data management innovation introduced in Ethereum’s Dencun upgrade earlier this year.
Bitcoin Dips to $95K Amid $500M Crypto Market Liquidation
The cryptocurrency market faced a turbulent weekend, wiping out nearly $500 million in value as volatile corrections gripped traders. The sell-off triggered mass liquidations across exchanges, impacting 186,966 traders in just 24 hours. Altcoins Bear the Brunt While Bitcoin (BTC) briefly dropped to $95,700—just days after nearing the $100,000 milestone—altcoins
ZA Bank Launches Retail Crypto Trading in Hong Kong
Hong Kong’s largest virtual bank, ZA Bank, has introduced a groundbreaking service allowing retail users to buy and sell Bitcoin and Ethereum directly with fiat currency. The move highlights the city’s growing acceptance of cryptocurrency within traditional financial systems. ZA Bank customers can now access Bitcoin and Ethereum trading via
