Day: January 3, 2023

December 2022 Crypto Attacks Constituted Relatively Low $62M Loss

Despite 2022 being the worst year for crypto attacks, December’s spate came in at the lowest, rendering it the least harmful month last year. According to a Coindesk report, December had the least number of crypto attacks for 2022. However, the report, citing blockchain audit firm CertiK, noted that scams and hacks accounted for a massive $3.7 billion loss throughout last year. This fact makes 2022 the worst year for criminal activities in the history of the crypto and blockchain sectors. Despite 2022 being an uneventful year by way of crypto…

Uncertain 2023 Outlook Causes Treasury Yields to Fall

As the new year kicks off and 2023 trading begins, investors’ fingers are crossed on key economic metrics expected to be available in the coming week. Investors are worried about the 2023 outlook and looking forward to new economic data releases due this week, causing treasury yields to fall. It happened at about 4:19 a.m. ET on the 3rd of January, with the 10-year Treasury note dropping more than seven basis points to 3.7577%. Also, the 2-year Treasury went down almost four basis points and traded at about 4.3637% earlier.…

Bithumb’s Former Chairman Found Not Guilty by Seoul Court

When Terraform Labs and its associated tokens collapsed, Bithumb was one of the exchanges that were raided by the authorities in the search for evidence that could help the investigation. Bithumb’s former Chairman Lee Jung-Hoon of the South Korean cryptocurrency trading platform has been declared not guilty of fraud charges dating back to 2018 in relation to the acquisition of the exchange from Kim Byung-Gun. The Not Guilty verdict was pronounced at the Seoul Central District Court’s 34th Division of the Criminal Agreement. The verdict on the Bithumb’s former chairman…

Bitcoin Developers Loses Staggering $3.3M in PGP Exploit

The PGP keys were reportedly compromised for the hacker to gain access to more than 200 Bitcoins lying in the developers wallet. In the latest development of a crypto wallet hack, Bitcoin developer Luke Dashjr lost a staggering $3.3 million due to a Pretty Good Privacy (PGP) key compromise. Last week on December 31, Dashjr’s wallet had several outgoing transactions totaling over 200 Bitcoins and an estimated $3.3 million as of the current BTC price. In a message on Twitter this Sunday, January 1, Luke Dashjr wrote: “PSA: My PGP…

Crypto Incidents Involving Exit Scams, Hacks, and Code Exploits Reach Record Low in December 2022 According to Certik – Bitcoin News

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According to blockchain security company Certik, the number of cryptocurrency incidents involving exit scams, hacks, and code exploits in Dec. 2022 was the lowest monthly figure of the year. Certik noted that the combined incidents amounted to $62.2 million “lost to exploits, hacks, and scams.” Record Low Cyber Attacks in December 2022 Result in $62.2 Million in Losses On Dec. 31, 2022, Certik tweeted that the last month of the year saw the least amount of exploits, hacks, and scams. All the incidents combined added up to roughly $62.2 million,…

Bitcoin (BTC) Popularity Dominance Was Unshaken in 2022 but Ethereum (ETH) Outperformed in Total Transactions

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The Ethereum network has significantly benefited from the merge event, which reciprocated to higher on-chain activity on layer 2 protocols. The Bitcoin, Ethereum, and meme networks continued to lead the cryptocurrency market in 2022. According to statistical analysis from Google search trends, Bitcoin’s global monthly searches topped 28.4 million whilst Ethereum came in the fourth position with approximately 3.8 million. In between were Dogecoin and Shiba Inu with a total of approximately 5.8 million and 4.4 million respectively. However, ETH outstripped Bitcoin in the number of transactions in blockchain per…