Crypto

Crypto analyst Rekt Capital is sounding the alarm for an Ethereum-based altcoin, Chainlink (LINK), suggesting a possible nosedive after breaching a crucial level. With a follower base 384800 on the social media platform X (Twitter), Rekt Capital observes that LINK has fallen below the diagonal support in an ascending channel chart pattern. The analyst highlights […]

Groups affiliated with the Democratic People’s Republic of Korea (DPRK) committed approximately one-third of all crypto thefts through hacks in 2023, as reported by TRM Labs on January 5. North Korean hackers might have raided about $700 million in digital assets during the year, with $600 million confirmed by TRM Labs research. In the record […]

The bankrupt crypto lender Celsius Network announced on Jan. 5 that it plans to unstake existing Ethereum (ETH) holdings as part of its efforts to distribute assets to creditors. According to the firm, the “significant” unstaking event will occur in the next few days. Celsius wrote: “Celsius will unstake existing ETH holdings, which have provided […]

South Korea’s Financial Services Commission (FSC), the country’s top financial regulator, has proposed an amendment to the Credit Finance Act, which aims to effectively prohibit local citizens from purchasing cryptocurrencies with credit cards. In a Jan. 3 legislative notice, the FSC cited concerns about money laundering and illegal outflows that could come with South Korean […]

The Ethereum Name Service (ENS) token had a big increase. It rose 72% to reach $14.7, the highest level in eight months. This rise was started by none other than Ethereum co-founder Vitalik Buterin, who used X (previously Twitter) on January 3 to talk about the good things about ENS. Buterin highlighted the key part […]

Ethereum roadmap has sparked discontent within the community, with Justin Bons, the founder of Cyber Capital, expressing strong reservations. On Jan 2, Bons took to X, asserting that abandoning plans to increase layer-1 gas limits gradually is a significant misstep for Ethereum. ETH's latest roadmap has removed this line entirely; "increase L1 gas limits" That […]

The co-founder and CEO of Nest, a security-focused crypto wallet app, fell victim to a phishing attack. He attempted to claim what he believed to be a genuine airdrop, resulting in the loss of 52 stETH tokens valued at $125,000. The LFG token airdrop, introduced recently, targets Ethereum users who have incurred transaction fees exceeding […]

Singapore’s prime minister, Lee Hsien Loong, warned the public about a deepfake video depicting him promoting a crypto scam ‘envisioned by Elon Musk.’ Recently, Singapore’s Prime Minister Lee Hsien Loong cautioned the people about an emerging wave of cyber frauds taking root in deepfake technology. Lee Hsien Loong has drawn attention to the rise of […]

Coinbase Custody is gearing up for the eagerly anticipated spot Bitcoin ETFs, making strategic adjustments to its operations, as reported by Bloomberg on Dec 29. A Coinbase representative underscored the extensive preparations for ETF approval. They highlighted their systems’ rigorous design and testing to accommodate increased trading volume, enhanced liquidity, and general surges in demand. […]