Cross-chain protocol Multichain tweeted on Thursday that one whitehat hacker returned 259 ether, worth $813,000. Multichain said that three hackers stole a total of 602 ether ($1.9 million). CTO of crypto wallet ZenGo Tal Be’ery told CoinDesk that one attacker stole at least 450 ether, and that the total funds stolen were around $3 million. The hacker who returned the funds kept $150,000, Be’ery said. The CTO found that other than the two main hackers, there were also some smaller players who exploited the vulnerability. The protocol, which was formerly…
Day: January 20, 2022
Regulator Reiterates Call for EU Ban on Proof-of-Work Mining โ Mining Bitcoin News
The EU should prohibit proof-of-work crypto mining, an executive at the European securities watchdog has insisted. Coins relying on the energy-intensive method of minting pose a risk to efforts aimed at meeting climate change goals such as those set in the Paris Agreement, the regulator says. Bitcoin Mining Now Attacked in EU for Burning Too Much Renewable Energy A high-ranking financial regulator has reiterated a call for an EU-wide ban on cryptocurrency mining based on the proof-of-work concept. The power-hungry model employed in the minting of major cryptocurrencies like bitcoin…
BlockFills raises $37 million to support global expansion
BlockFills, a digital asset electronic market making, trading and prime brokerage, has announced the completion of a $37 million Series A funding round. Institutional investors, including Susquehanna Private Equity Investments LLLP, CME Ventures, Simplex Ventures, C6 Ventures, and Nexo Inc., led the round. Since its inception in 2018, the firm has received a total of $44 million from institutional investors in two funding rounds. Weโre excited to announce the successful close of our Series A #funding round totaling $37 million! See how this funding will support our global expansion and…
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Crypto.com Says Hackers Stole Nearly $34M From Users
Cryptocurrency exchange Crypto.com said that hackers stole nearly $34 million during the Jan. 17 hack. The Singapore-based exchange, in an update on Thursday, acknowledged that unauthorized withdrawals totalled 4836.26 ether ($15.2 million), 443.93 bitcoin ($18.7 million) and $66,200 in U.S. dollars. On-chain data from PeckShield had previously suggested that 4,600 ether had been stolen and were being laundered via Tornado Cash, an ETH mixer protocol aimed at improving transaction privacy. The hack affected 483 users, all of whom have been fully reimbursed, Crypto.com said. Crypto.com suspended withdrawals on its platform…
How to pick the best staking coins for passive income
What is crypto staking? Crypto staking involves locking up oneโs cryptocurrency holdings to earn interest or rewards. Technically, โstakingโ is how certain blockchain networks verify transactions. From an investorโs perspective, staking cryptocurrency is a way of growing oneโs crypto holdings without needing to buy more. Staking crypto for maximum passive income is a legitimate way of earning yields through oneโs existing crypto holdings. Investors who participate in staking enjoy interest that is greater than what is offered through a regular bank account. If youโre interested in staking cryptocurrency but are…
ERTHA Listing on KuCoin
Ertha Metaverse, one of blockchain gamingโs most talked about metaverses has today announced the listing of their ERTHA token on one of the top crypto exchanges โ KuCoin. With over 10 million users worldwide, KuCoin is a perfect partner for Ertha. In addition to being among the top exchanges for Altcoins, it also charges some of the lowest fees in the industry. By listing their token on KuCoin, Ertha continues expanding its availability to potential investors and keeps the projectโs momentum up as it aims to launch 2022โs biggest metaverse.…
Andreessen Horowitz Looks to Raise $4.5B for New Crypto Funds: Report
Andreessen Horowitz (a16z), a venture capital firm that has invested extensively in the crypto industry, is looking to raise $4.5 billion for new funds, the Financial Times reported. The firm told investors it is looking for $3.5 billion for a crypto venture fund, the FT said, citing people briefed on the discussions. That will surpass the $2.2 billion it raised in June for its Crypto Fund III, at the time the industry’s largest. It has targeted another $1 billion for a fund that will invest in seed funding for digital…
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Main Opposition Candidate for President of South Korea Pledges Support for Crypto Tax Exemptions โ Taxes Bitcoin News
The leading presidential candidate of the opposition in South Korea has promised voters to ease the tax burden on crypto-related profits through exemptions. In a recent statement, Yoon Suk-yeol indicated that crypto investors will be treated like those who put money into stocks. Presidential Candidate Looks to Attract Young Voters With Crypto Tax Cuts Yoon Suk-yeol, the nominee of South Koreaโs conservative People Power Party for the upcoming presidential elections in March, has announced his intention to back the raising of the threshold for the tax on gains from crypto…