Day: July 23, 2023

Alphapo hacked, over $23 million in Bitcoin, Tron, and Ethereum stolen

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Alphapo, a payment processor, reportedly fell victim to hackers, resulting in a loss of more than $23 million in various coins and tokens. Crypto “detective” ZachXBT, who has been closely tracking the movement of stolen funds across different networks, brought to light the Alphapo attack on July 23. Earlier today Alphapo hot wallets were drained for $23M+ on ETH, TRON, BTC. HypeDrop (Alphapo customer) has since had withdrawals disabled. On Ethereum the stolen funds were swapped…

Borroe and Injective bullish as investors examine potential

Borroe and Injective are increasingly being explored due to their approaches and potential to transform crypto. We should take a closer look at the latest advancements that have piqued the interest of investors and why these initiatives can be significant. Borroe’s ROE is set to rise by 25% Borroe is a platform that empowers web3 businesses to convert their future recurring income into non-fungible tokens (NFTs) for upfront cash.  Its mission is to create a funding engine for the web3 ecosystem. This concept allows businesses to access much-needed funds quickly and…

PEPE hype waning, this meme coin has raised over $6.2 million in presale

In recent years, there has been a significant surge in the popularity and growth of meme coins. These coins, inspired by internet memes, are now an important part of crypto because of their perceived potential for growth. One such example is the PEPE, which was popular after launch. However, PEPE’s excitement has subsided, and a new meme coin project, DigiToads, is taking over. In the ongoing presale, DigiToads has raised over $6.2 million. DigiToads raises over $6.2 million in presale DigiToads has gained popularity due to its unique features that set…

Bitcoin can still hit $19K, warns trader ahead of BTC price ‘big move’

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Bitcoin (BTC) threatened fresh downside over the weekend as markets geared up for the July 23 candle close. BTC/USD 1-hour chart. Source: TradingView $19,000-$23,000 “still on the cards” for Bitcoin Data from Cointelegraph Markets Pro and TradingView showed acting below $30,000, now set as intraday resistance. July 22 saw a brief dip to $29,640 before a recovery in time for the daily close, but traders remained worried that worse was to come. https://t.co/GY0AgGbAnn — Crypto Chase (@Crypto_Chase) July 22, 2023 “So we have a double top rejection currently on BTC,…

$2 million crypto graphics card counterfeit scheme busted in China

Several suspects have been apprehended in China for selling used graphics cards as new to crypto miners in a counterfeit operation, reports on July 20 reveal. Their modus operandi involved purchasing relatively new GPUs in bulk from miners, cleaning them, removing identifying marks, and repackaging them to appear as brand-new models. The arrest came after a year-long investigation by police in the Bincheng district of Binzhou City. During the operation, authorities discovered numerous mining enclosures missing their graphics cards in a warehouse.  Seven people have been arrested in connection with the $2…

Cardano’s lead developer testing Mithril, set for mainnet launch

Input Output Global (IOG), the development team behind Cardano, has introduced a new update for Mithril, a solution that aims to enhance the efficiency and security of Cardano. According to IOG on July 20, Mithril is in the testnet phase. It will be gradually rolled out to the mainnet in the upcoming months. While the full benefits will be realized over time, Cardano’s lead developer said it is confident that Mithril could significantly enhance the overall performance and capabilities of the mainnet. Mithril is a stake-based signature scheme and protocol that aims…

Nigeria’s CBN enhances eNaira with NFC upgrade for contactless payments

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Despite the former governor’s ousting nearly two months ago, the Central Bank of Nigeria (CBN) continues to display a commitment to its central bank digital currency (CBDC) project, showing no indications of abandoning it. According to a report by local news outlet The Sun, the central bank recently enhanced the CBDC mobile app by incorporating Near Field Communication (NFC) technology. This upgrade enables mobile devices and payment terminals to interact when in close proximity, facilitating convenient and contactless eNaira payments. Despite previous versions incorporating QR codes, the CBN reportedly emphasizes…

Nigeria’s social payments app, Bundle, shutting down crypto exchange

Bundle, a Nigerian social payments app, is winding down its cryptocurrency exchange division. Although the reasons for Bundle’s decision have not been disclosed, it indicates a change in the company’s approach. Bundle dumps crypto amid CBN restrictions The company says the decision was prompted by the “current gloomy market conditions,” leading it to refocus on its core payments business. Until Sep. 30, 2023, Bundle will continue to support crypto trading on its platform. However, users will no longer be able to buy or sell cryptocurrencies through Bundle after that. Bundle,…

SEC’s appeal won’t be a setback for XRP holders – Pro XRP lawyer

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Amidst speculations that a potential appeal by the US SEC could negatively impact the crypto market, Pro-XRP lawyer, Attorney John Deaton has made it clear that even in the event of an appeal by the agency, it would not significantly affect XRP holders. After the judge’s ruling stating that the programmatic sale of XRP tokens through exchanges does not classify them as securities, a new question emerges regarding the potential legal implications if the SEC decides to appeal against this ruling. Attorney Deaton, who represents more than 75,000 XRP token…

Evidence of crypto usage by ISIS is ‘mounting’: TRM Labs

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Blockchain intelligence platform TRM Labs recently released a report that presents several case studies highlighting the use of cryptocurrency by ISIS affiliates across Asia. The report links on-chain connections between these groups and pro-ISIS fundraising campaigns in Syria. Published on July 21, the report indicated that there was “mounting on-chain evidence” from the past twelve months that pro-ISIS networks in Tajikistan, Indonesia and Afghanistan have utilized cryptocurrency to help facilitate operations. According to the report, the majority of transactions linked with the cases involved the use of Tether (USDT) on…