Crypto Currents
Developments shaping the cryptocurrency ecosystem, curated from trusted sources. Each article is summarised by AI into 50 words or fewer for fast context.
5 days agoBitcoin.com News
Funds from Binance hack distributed to 12,000 wallets in four days
Funds stolen from Binance have been rapidly moved to over 12,000 different wallets within a span of four days, complicating recovery efforts.
5 days agoUnchained
Trezor Introduces Support for 128-Character Passphrases
5 days agoCryptoBriefing
North Korea rejects FBI claims linking it to $6.3 billion Binance hack
5 days agoThorchain Bug Impedes North Korean Hackers' Laundering of Binance Funds
A bug in Thorchain has disrupted the laundering process of stolen funds by North Korean hackers linked to Binance.
5 days agoKim Yo Jong Links FBI's Binance Hack to Trump's Cryptocurrency Reserve
Kim Yo Jong has suggested that the FBI's investigation into the Binance hack is connected to former President Trump's cryptocurrency reserve.
5 days agoCryptoSlate
Tether freezes $4.5 million linked to Mercado Bitcoin hacker's $46 million stash
Tether has frozen $4.5 million associated with the hacker of Mercado Bitcoin, who currently holds $46 million in cryptocurrency.
5 days agoNewsBTC
Airtm and BVNK to Introduce Wallet Payments for Emerging Market Merchants
Airtm and BVNK are collaborating to develop wallet payment solutions aimed at merchants in emerging markets, enhancing financial accessibility and transaction efficiency.
5 days agoBitwise reports median top-20 crypto asset down 15% this year
Matt Hougan of Bitwise states that the median value of the top 20 cryptocurrencies has decreased by 15% in 2023.
5 days agoAri Redbord labels Binance theft as largest bank robbery in history
Ari Redbord has described the recent theft from Binance as the largest bank robbery ever, highlighting the scale and impact of the incident on the cryptocurrency industry.
5 days agoBlockstream transfers 300 BTC to Liquid, reducing reserve shortfall
Blockstream has moved 300 BTC into its Liquid network, decreasing its reserve shortfall to 250 BTC. This transfer aims to strengthen the liquidity of the platform.
5 days agoStrive’s Jeff Walton discusses Bitcoin-backed credit and market volatility
Jeff Walton from Strive explains how Bitcoin-backed credit can help manage market volatility, providing a potential solution for investors seeking stability in fluctuating financial environments.
5 days agoBank of Korea Assesses Banks' Resilience to Crypto Exchange Hacks
The Bank of Korea is evaluating how its financial institutions would cope with potential hacks on cryptocurrency exchanges, focusing on risk management and security measures.
5 days agoVitalik Buterin conducts private Ethereum transactions without a crypto website
Ethereum co-founder Vitalik Buterin has reportedly been making private payments using Ethereum, bypassing traditional cryptocurrency platforms.
5 days agoCoinDesk
Big crypto seeks to influence voters amid regulatory challenges
The cryptocurrency industry is attempting to engage voters to shape regulations, highlighting the importance of public opinion in the face of increasing scrutiny from governments.
5 days agoArbitrum Security Council Can Access Wallet Funds Without Private Key
The recent Binance freeze highlights that Arbitrum's Security Council has the ability to move funds from a wallet without needing its private key, raising concerns about security and control.
5 days agoThe Defiant
North Korea Denies Involvement in $6.3 Billion Binance Hack Blamed by FBI
North Korea has rejected allegations from the FBI linking it to the $6.3 billion hack of Binance, asserting that the claims are unfounded.
- 5 days ago
BeInCrypto
North Korea Denies Involvement in Binance Hack, Calls FBI Claims Fabricated
North Korea has rejected allegations of its involvement in the Binance hack, labelling the FBI's investigation as a provocation and fabrication.
5 days agoKamino CEO links team token incentives to valuation milestones
Kamino's CEO has announced that team token incentives will be tied to long-term valuation milestones, aiming to align the interests of the team with the company's future performance.
5 days agoDecrypt
$106 Million Crypto Theft Affects EU Entity Following Binance Hack
A significant crypto theft of $106 million has been reported involving an EU entity, occurring just days after a hack on Binance. The circumstances surrounding the theft remain unclear.
5 days agoCryptoPotato
BTCPay Server Details Attack on Older Instances in Hot Wallet Incident
BTCPay Server has disclosed the methods used by attackers to exploit older instances during a recent hot wallet incident, highlighting vulnerabilities that were targeted.
5 days agoLiquid Reserve Gap Decreases to 250 BTC Following 300 BTC Addition
The liquid reserve gap has reduced to 250 BTC after a recent top-up of 300 BTC, indicating improved liquidity in the market.
5 days agoOpsek founder suggests Binance attackers had prior access before hack
The founder of Opsek claims that the attackers behind the Binance hack may have gained access to the platform weeks before the incident occurred.
5 days agoMetaplanet Repurchases 96.4 Million Shares to Enhance Bitcoin Value
Metaplanet has announced the buyback of 96.4 million shares, aiming to increase the value of Bitcoin per share. This strategic move is part of the company's efforts to strengthen its market position.
5 days agoOpenRouter achieves 10 quadrillion annual token run rate
OpenRouter has reached an annual token run rate of 10 quadrillion, marking a significant milestone for the platform.
5 days agoAkash Stakers Vote to Transition from Cosmos Blockchain to Solana
Akash stakers have approved a proposal to migrate the Akash network from the Cosmos blockchain to the Solana platform, aiming to enhance performance and scalability.
5 days agoRedStone Launches Apple Perpetual Futures Market on Hyperliquid
RedStone has introduced a new perpetual futures market for Apple on the Hyperliquid platform, aiming to enhance trading opportunities in the cryptocurrency space.
5 days agoSolmate Reveals 1.26M SOL Custody Positions, Claims No Binance Exposure
Solmate has disclosed it holds 1.26 million SOL in custody positions and stated that it has no exposure to Binance.
5 days agoBinance's Five-Year Profits Potentially Halved by Fines and Hacks
An analysis suggests that Binance may have lost approximately half of its profits over five years due to regulatory fines and security breaches.
5 days agoBinance Hack Causes Crypto Fear and Greed Index to Drop to 30
The recent hack of Binance has led to a significant decline in the Crypto Fear and Greed Index, which has fallen to 30, indicating increased fear among investors.
5 days agoMercado Bitcoin Breach Wallet Transfers 2,800 ETH to Unknown Addresses
A wallet linked to the Mercado Bitcoin breach has moved 2,800 ETH to various unknown addresses, raising concerns over the security of cryptocurrency exchanges.
5 days agoNew Jersey Lifts Coinbase Staking Order, Allowing Service Resumption
New Jersey has rescinded its order against Coinbase's staking services, enabling the platform to resume its operations. This decision marks a significant regulatory shift for the cryptocurrency exchange in the state.
5 days agoBlockchain Reporter
Securitize Expands Onchain U.S. Stock Offering to 25 Equities on Solana
Securitize has increased its onchain stock offerings to include 25 equities on the Solana blockchain, enhancing access to digital securities for investors.
5 days agoSolana Labs invites applications for Incubator Cohort 6
Solana Labs has opened applications for its sixth Incubator Cohort, aimed at supporting innovative projects within the Solana ecosystem.
5 days agoDevcon Opens in Mumbai With Ethereum Builders Facing Delivery Challenges
Devcon has commenced in Mumbai, presenting a platform for Ethereum developers to showcase their projects. The event highlights the ongoing challenges in delivering innovative solutions within the blockchain space.
5 days agoBinance Issues Important Warning to All Users
Binance has issued a warning to its users regarding potential security risks and advised them to take necessary precautions to protect their accounts.
5 days agoThe Cryptonomist
Tether immobilises over $1.5 billion from Binance hack within 30 minutes
Tether froze more than $1.5 billion in USD₮ linked to the Binance hack shortly after the October 29 attack. The action aimed to prevent North Korean access to the funds, as identified by the FBI.
5 days agoCoinpedia
EU Entity Suspected of Losing Over $106 Million in Crypto Heist
An unidentified EU entity may have lost more than $106 million in a cryptocurrency theft involving multiple exchanges. The attacker converted stolen stablecoins into Ether and Monero, while ZachXBT ruled out North Korea's Lazarus Group as responsible.
5 days agoNorth Korea Laundering Binance Hack Proceeds Through New Wallets
North Korea is reportedly laundering funds stolen from the Binance hack by creating a new wallet approximately every 25 seconds, complicating tracking efforts by authorities.
5 days agoCoinIdol
Trump vows to address North Korea if linked to Binance hack
Donald Trump has stated he will engage with North Korea if evidence confirms state-sponsored involvement in the $6.3 billion Binance hack.
5 days agoStrive Invests Additional $10M in Bitcoin After $511M Acquisition
Strive has invested an extra $10 million in Bitcoin, following a significant $511 million buying spree. This move reflects the company's ongoing commitment to cryptocurrency investments.
5 days agoUnderstanding Crypto Funding Rate Charts Across Different Exchanges
This article explains how to interpret funding rate charts for cryptocurrencies across various exchanges, providing insights into market trends and trader sentiment.
5 days agoHorizen's Bridge Cutoff on Nov. 4 Excludes USDC.e from Recovery Plan
Horizen's upcoming bridge cutoff on November 4 will prevent USDC.e from being included in the DAO's recovery plan, impacting users holding the token.
5 days agoBitcoin Price Remains Below $77K Amid Binance Hack Aftermath
The price of Bitcoin continues to struggle, remaining under $77,000 due to the ongoing fallout from the recent Binance hack.
5 days agoBinance Covers 95% of Losses from $3.3 Billion Hack, Says CZ
Binance has reportedly covered 95% of the losses from its $3.3 billion hack. The remaining 5% involves less liquid tokens, which are taking longer to convert. CZ confirmed that Binance used its own balance sheet for the recovery.
5 days agoU.Today
Ripple Partner Mercado Halts Withdrawals Following Security Incident
Mercado, a partner of Ripple, has suspended withdrawals after confirming a security incident. The company is investigating the matter to ensure the safety of its users' funds.
5 days agoThree Key Signals That May Influence Bitcoin's Future Following Binance Hack
Analysts identify three critical indicators that could impact Bitcoin's price trajectory after the recent Binance hack. Market reactions and investor sentiment are under scrutiny as the cryptocurrency community assesses potential outcomes.
- 5 days ago
EU entity reportedly loses $106 million from crypto exchange accounts
ZachXBT has reported that an EU entity is suspected of losing $106 million from various crypto exchange accounts.
5 days agoAero Token Migration Launches on Coinbase with VELO to AERO Conversion
Coinbase has initiated the migration of Aero Token, converting VELO to AERO at a rate of 0.044. This transition marks a significant update for users of the platform.
5 days agoBinance recovers $6.34 billion from hack using its own funds
Binance has announced that the recovery of $6.34 billion from a recent hack was entirely financed from its own balance sheet, without any external funding.
5 days agoResearcher Estimates Mercado Bitcoin Freezes Total Nearly $7 Million
A researcher has calculated that Mercado Bitcoin has frozen nearly $7 million in assets. The findings highlight ongoing concerns regarding security and asset management within cryptocurrency exchanges.
5 days agoOver $106 Million in Cryptocurrency Stolen from EU Entity
ZachXBT has traced the laundering activities of an attacker responsible for stealing over $106 million in cryptocurrency from a European entity.
5 days agoNYSE Partners with Broadridge for Onchain Shareholder Voting System
The New York Stock Exchange has selected Broadridge Financial Solutions to implement an onchain shareholder voting system, aiming to enhance transparency and efficiency in the voting process.
5 days agoMercado Bitcoin in Brazil Suspends Withdrawals Following $46 Million Theft
Brazil's Mercado Bitcoin has halted all withdrawals after an estimated $46 million was stolen. The exchange is investigating the incident and has assured users that their funds are safe.
5 days agoOnlend Introduces No-Code Platform for Custom Onchain Lending Applications
Onlend has launched a no-code infrastructure designed to enable users to create custom onchain lending applications without programming knowledge.
5 days ago$106 Million Allegedly Stolen From EU Entity, Funds Shifted to Monero
An estimated $106 million is suspected to have been stolen from a European Union entity, with the funds reportedly flowing into the cryptocurrency Monero, according to analysis by ZachXBT.
5 days agoSecuritize Introduces Tokenised Shares of Major Companies on Solana
Securitize has launched tokenised shares for companies including Arista, ExxonMobil, Uber, and Disney on the Solana blockchain, expanding access to US equities through digital assets.
5 days agoArkham Reports Mercado Bitcoin Attacker Holds $46 Million in Assets
Arkham Intelligence claims that the attacker responsible for the Mercado Bitcoin breach possesses assets valued at $46 million.
5 days agoInjective Launches Institutional Rail for Banks and Enterprises
Injective has introduced Institutional Rail, providing banks and enterprises with a dedicated connection to block production. This system ensures predictable transaction inclusion and instant finality, addressing institutional concerns over execution timing.
5 days ago$40 Million Stolen in Mercado Bitcoin Breach Involving 6.7 Million Stellar (XLM)
Mercado Bitcoin has suffered a significant security breach, resulting in the theft of 6.7 million Stellar (XLM) tokens, valued at approximately $40 million.
- 5 days ago
Bitcoin Magazine
Mercado Bitcoin Suspends Transactions Amid Security Incident, Losses Near $40 Million
Brazil's Mercado Bitcoin has halted deposits and withdrawals due to a security breach, with estimated losses approaching $40 million.
5 days agoStrive’s Bitcoin Purchases Decline to 124 BTC, Representing 2% of Previous Week
Strive has reduced its Bitcoin acquisitions to 124 BTC, which is approximately 2% of the total bought in the previous week.
- 5 days ago
Anchorpoint to Launch Native HKDAP on Solana for Hong Kong Dollar Access
Anchorpoint has announced plans to develop a native Hong Kong Dollar Access Protocol (HKDAP) on the Solana blockchain, enhancing access to the Hong Kong dollar.
5 days agoBitmine Reaches 99% of Ether Fundraising Goal Amid Binance Hack Concerns
Bitmine has achieved 99% of its Ether fundraising target. Meanwhile, Tom Lee has commented on the recent $6.3 billion Binance hack, suggesting its impact may be overstated.
- 5 days ago
Mercado Bitcoin in Brazil Suspends Withdrawals Following $40 Million Drain
Brazil's Mercado Bitcoin has halted withdrawals after $40 million was drained across ten blockchain networks.
5 days agoRelay Reports Disruptions to Block Funds from Binance Hack
Relay has reported disruptions in its routing system as part of efforts to block funds linked to the recent Binance hack. The initiative aims to prevent the movement of stolen assets.
- 5 days ago
$106 Million Cryptocurrency Theft Targets EU Entity with Exchange Accounts
A European entity has suffered a significant cryptocurrency theft amounting to $106 million, affecting multiple exchange accounts. The incident highlights ongoing security vulnerabilities within the crypto sector.
5 days agoCore Lightning nodes may crash post-upgrade due to persistent stored trigger
Core Lightning nodes can experience repeated crashes after an upgrade if a stored trigger remains on disk, causing operational issues for users.
5 days agoMercado Bitcoin Suspends Withdrawals Following Security Breach
Mercado Bitcoin has halted all withdrawals due to a security incident, with Hypernative reporting a potential $40 million drain from the platform.
5 days agoSolana Achieves 1,000 Consecutive Days Without Network Outage
Solana has marked a significant milestone by operating for 1,000 days without experiencing any network outages, demonstrating the stability and reliability of its blockchain technology.
5 days agotZERO to Become Public Through $350M SPAC Merger with FG Imperii
tZERO is set to go public via a merger with FG Imperii, valued at $350 million, and will be listed as TZRO on the NYSE American.
5 days agoTether Freezes Over 4.5 Million USDT Linked to Mercado Bitcoin Incident
Tether has announced the freezing of more than 4.5 million USDT associated with the recent Mercado Bitcoin incident, aiming to prevent further misuse of the funds.
- 5 days ago
Mercado Bitcoin, Brazil's Largest Crypto Exchange, Faces Possible $40 Million Hack
Mercado Bitcoin, Brazil's largest cryptocurrency exchange, is reportedly dealing with a potential hack that could amount to $40 million. The incident raises concerns about security in the cryptocurrency sector.
5 days agoHSBC’s Redcoin Stablecoin Attracts 50,000 Users in First Week
HSBC's newly launched Redcoin stablecoin has gained 50,000 users within its first week of operation, indicating strong interest in the digital currency.
5 days ago99Bitcoins
27,553 ETH Purchase Linked to $106 Million Crypto Hack, Claims ZachXBT
ZachXBT has identified a significant purchase of 27,553 ETH as being connected to a suspected $106 million crypto hack.
5 days agoInjective Launches Priority Transaction Rail for Institutional Users
Injective has unveiled a new priority transaction rail aimed at enhancing transaction efficiency for institutional clients, allowing them to process trades more swiftly.
- 5 days ago
Bitcoin's Outlook as US Midterm Elections Approach
As the US midterm elections draw near, analysts assess Bitcoin's performance and market trends. The political climate may influence investor sentiment and cryptocurrency volatility.
- 5 days ago
Crypto's Washington Strategy Proves Effective Amid Ongoing Regulatory Changes
The article discusses the success of the cryptocurrency industry's strategy in Washington, highlighting the importance of continued engagement with regulators and lawmakers to shape favourable policies.
5 days agoShibarium's 745% Breakout Reverses: Implications for SHIB Holders
Shibarium experienced a significant 745% breakout, but recent trends indicate a reversal. SHIB holders may need to monitor market conditions closely to assess potential impacts on their investments.
5 days agotZERO Enters $350 Million SPAC Agreement with FG Imperii
tZERO has signed a $350 million deal with FG Imperii and allocated $12.5 million towards its derivatives objectives.
- 5 days ago
Binance Restarts Withdrawals Following Ongoing Hack Recovery Efforts
Binance has reopened withdrawals as it continues to recover from a recent hack. The recovery process has now entered its second week, with the exchange working to ensure security for its users.
5 days agoMercado Bitcoin Suspends Withdrawals, Identifies Affected Wallets
Mercado Bitcoin has suspended withdrawals while investigating an incident involving specific wallets. The exchange is working to address the situation and ensure the security of its users.
5 days agoBinance Confirms 2.5 Billion XRP Audit Logs Show Full Crypto Reserves Backing
Binance has released audit logs confirming that its 2.5 billion XRP reserves are fully backed, exceeding 100%. This transparency aims to bolster user confidence in the exchange's financial stability.
5 days agoEthereum's Active Staking Increases by 361,000 ETH Amid Total Balance Decline
Ethereum added 361,000 ETH to its active staking, even as the overall staking balance decreased due to higher withdrawals than deposits.
- 5 days ago
Bitwise’s André Dragosch estimates Bitcoin’s fair value at $197,000
André Dragosch from Bitwise has stated that Bitcoin's fair value is approximately $197,000, highlighting the cryptocurrency's potential in the market.
5 days agoBinance finalises proof of reserves for 10 major tokens after $6.3 billion hack
Binance has completed its proof of reserves checks for ten major tokens, following a significant hack that resulted in a loss of $6.3 billion.
5 days agoBitmine Reduces ETH Purchase to 8,573 Amid Binance Hack Concerns
Bitmine has decreased its Ethereum purchase to 8,573 ETH. Analyst Tom Lee has commented on the recent Binance hack, suggesting it may not have significant long-term effects on the market.
- 5 days ago
Adam Back Discusses Pension Funds as Bitcoin's Third Wave of Adoption
Adam Back highlights the role of pension funds in the evolving adoption of Bitcoin, referring to this trend as the 'third wave' of interest in cryptocurrency.
5 days agoStrategy Acquires 811 Bitcoin for $65.5 Million, Reserve Hits $4.9 Billion
Strategy has purchased 811 Bitcoin for $65.5 million, increasing its total reserves to $4.9 billion.
5 days agoMercado Bitcoin cyberattack leads to $40M in flagged suspicious transfers
A cyberattack on Mercado Bitcoin resulted in a temporary suspension of deposits and withdrawals. Over $40 million in suspicious transfers were identified across multiple blockchains, but the exchange assured customers would not incur losses.
5 days agoStrategy Acquires 811 BTC Through MSTR Sales and STRC Buybacks Exceed $400 Million
Strategy has added 811 BTC from MSTR sales, while its buybacks of STRC have surpassed $400 million within a two-week period.
- 5 days ago
Strategy and Strive Increase Bitcoin Holdings by 811 and 124 Respectively
Strategy (MSTR) has acquired 811 Bitcoin, while Strive (ASST) has added 124 Bitcoin to its holdings. Both companies continue to invest in Bitcoin as part of their strategies.
5 days agoCointelegraph
Strategy increases STRC buybacks to $208 million, tripling Bitcoin spending
Strategy has announced it will spend $208 million on STRC buybacks, significantly increasing its weekly expenditure on Bitcoin to $65 million.
- 5 days ago
MicroStrategy and Strive Increase Bitcoin Holdings Amid Shareholder Concerns
MicroStrategy and Strive have purchased additional Bitcoin, raising concerns about potential shareholder dilution and the impact on investor returns.
5 days agoAkash proposes Solana plan to halt current staking rewards for new AKT issuance
Akash's new proposal for Solana aims to terminate existing staking rewards while facilitating the issuance of new AKT tokens.
- 5 days ago
LBank Organises FIFA Cup and Chess Night for Crypto Community in Madrid
LBank is hosting a FIFA Cup and Chess Night for the crypto community during the MERGE event in Madrid.
5 days agoBitcoin Price Maintains 50-Week Trend Following $6.3 Billion Binance Hack
Bitcoin's price remains stable, adhering to its 50-week trend, despite the recent $6.3 billion hack of Binance.
5 days agoCoinbase Insiders Plan to Sell Up to 13.6 Million Shares
Insiders at Coinbase have established 10b5-1 plans to sell as many as 13.6 million shares of COIN. This move is part of a structured trading strategy to manage stock sales.
5 days agoBinance reduces SAFU Bitcoin holdings by 50%, publishes reserve proof
Binance has halved its Bitcoin holdings in the Secure Asset Fund for Users (SAFU) and released proof of reserves. The move raises questions about the company's financial recovery strategy.
5 days agoStrategy resumes Bitcoin purchases with $66 million investment
A strategy has restarted its Bitcoin buying, acquiring $66 million worth of the cryptocurrency. This move indicates renewed confidence in Bitcoin's market potential.
5 days agoStrive Increases Bitcoin Holdings Amidst Notable Conditions
Strive has been accumulating Bitcoin, but there are specific conditions attached to this strategy that could impact future investments.