[ad_1] The hacker responsible for India’s largest crypto theft, which saw $234 million stolen from the WazirX exchange, has begun laundering the stolen funds. Notably, recent reports have linked the entity behind this hack to the infamous North Korean hacking group known as Lazarus, which has been the perpetrator of major hacks in the industry. Emphasizing this, the founder of WazirX Nischal Shetty, noted: Some of the best researchers in the industry are telling that the pattern exactly matches” with a North Korean connection. Details Of The Crypto Laundering According to a Bloomberg report, the hacker has moved 2,500 ETH tokens,…
Author: dfrancis36
[ad_1] Este artículo también está disponible en español. Despite being termed the ‘digital silver’, the Litecoin price has remained muted in the last year. The altcoin’s price saw a run-up back in 2023, leading up to its halving. Since then, it has failed to maintain this upward momentum, falling short of the triple-digit level. From here, though, it seems the tide might finally be changing for the Litecoin price, as a notable prediction from an analyst suggests that a rally could send the price to a new all-time high. Litecoin Price To Reach $7,000 According to a crypto analyst on…
[ad_1] Mark Karpeles, the former CEO of Mt. Gox, is set to launch a new cryptocurrency exchange called EllipX this month. Based in Poland, the platform will initially serve European users, with plans for global expansion. The exchange will focus on cryptocurrency trading at launch, with the possibility of adding banking and fiat currency services in the future.Targeting MiCA ComplianceEllipX will aim to comply with the EU’s Markets in Crypto-Assets (MiCA) regulations. Karpeles has emphasized the importance of transparency, promising regular third-party audits of the platform.In an interview with Cointelegraph at Korea Blockchain Week, Karpeles discussed the improvements in security…
[ad_1] On-chain data shows the Bitcoin Market Value to Realized Value (MVRV) Z-Score is currently giving a bearish signal for the BTC market. Bitcoin MVRV Z-Score Has Seen A Bearish Crossover Recently In a new post on X, CryptoQuant author Axel Adler Jr has discussed the latest trend in the Bitcoin MVRV Z-Score. The MVRV Z-Score refers to an indicator that keeps track of the difference between the BTC market cap and realized cap, divided by the standard deviation of the market cap. The market cap here is naturally just the simple total valuation of the cryptocurrency at the current…
[ad_1] The increasing difficulty of mining cryptocurrencies and a further 9% drop in its price has negatively impacted Wall Street Bitcoin (BTC) miners in August. The publicly listed CleanSpark (NASDAQ: CLSK) and Bitfarms (NASDAQ: BITF) have both reported a decline in their Bitcoin production compared to the previous month.CleanSpark and Bitfarms Report Decreased Bitcoin Production in August 2024CleanSpark, which describes itself as “America’s Bitcoin Miner,” and is one of the biggest publicly listed BTC companies by market cap, mined 478 Bitcoin in August, down from 494 in July. This represents a 3.2% decrease in monthly production. The company’s average daily…
[ad_1] Co-founder and former CEO of BitMEX cryptocurrency exchange, Arthur Hayes, recently took to X to explain why he feels the highly-anticipated interest rate cuts by the US Federal Reserve might not have the expected impact on Bitcoin’s price. Interest Rate Cuts Not The Silver Bullet For Higher BTC Price Hayes stated on X that despite the Federal Reserve Chair Jerome Powell virtually confirming the incoming interest rate cuts from September 2024 onwards, Bitcoin price might not behave the way many in the crypto market expect it to. Since Powell’s Jackson Hole speech on August 23, 2024, Hayes notes that…
[ad_1] A whale wallet has sold off nearly $100 million worth of Solana (SOL) this year, according to the crypto tracker Lookonchain. Lookonchain speculates that the unknown wallet could belong to an institution. The crypto tracker notes it has hawked an average of 19,306 SOL worth $2.76 million every week since the beginning of 2024. That totals 695,000 SOL worth $99.5 million for the year. The whale still has 1.88 million SOL worth $237.68 million staked, according to the Solana blockchain tracker Solscan.io. SOL is trading at $126.28 at time of writing. The fifth-ranked crypto asset by market cap is…
[ad_1] Dogecoin extended losses and traded below $0.100 against the US Dollar. DOGE is struggling and might face challenges near $0.100 and $0.1050. DOGE price started a fresh decline and traded below $0.0980. The price is trading below the $0.0980 level and the 100-hourly simple moving average. There was a break below a connecting bullish trend line with support at $0.0975 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could start a recovery wave if it clears the $0.100 and $0.1050 levels. Dogecoin Price Faces Challenges In the past few sessions, Dogecoin price saw…
[ad_1] Bitcoin ATM scams are on the rise, with fraudsters increasingly using these machines to target vulnerable consumers. Data from the Federal Trade Commission (FTC) reveals a nearly tenfold increase in scams involving Bitcoin ATMs since 2020. In 2023 alone, reported losses exceeded $110 million.Emma Fletcher, a senior data researcher at the FTC, explained that scammers are using these machines more frequently to deceive people. “Scammers are using these machines as a way to take money from people more than we’ve seen in the past,” she told NBC News.Cryptocurrency Fraud Hits SeniorsOlder consumers have been disproportionately affected. According to the…
[ad_1] On Tuesday, the governor of the Bank of Japan declared that should the economy and price show expected performance, the central bank would boost the key interest rates even further. Rising around 146 against the US dollar, the Japanese yen recovered from a two-week slump under a hawkish view on the BOJ’s monetary policy. This hawkish move by the BOJ, and its governor Kazuo Ueda, has led to a strengthening of the Japanese yen (JPY) against other major currencies, including the greenback. The USD/JPY exchange rate has retreated to nearly 150, marking the yen’s strongest position since March. The…