Cencora, a healthcare solutions provider, paid a total of $75 million to a ransomware group earlier this year, according to Bloomberg. The publicly traded drug distributor, formerly known as AmerisourceBergen, reportedly sent Bitcoin (BTC) worth $75 million to cyberattackers following a data breach in February. In the Sept. 18 report, which cited sources familiar with the matter, Bloomberg stated that Cencora sent the hackers BTC in three transactions. The attackers had initially demanded $150 million from the pharmaceutical solutions provider. Blockchain sleuth unearths more details While the Bloomberg article did…
Month: September 2024
WisdomTree Pushes Further Into Real-World Asset (RWA) Tokenization With New Platform
“With increasing interest in tokenized real world assets, WisdomTree Connect opens up additional business-to-business (B2B) and business-to-business-to-consumer (B2B2C) opportunities for WisdomTree to provide access to digital funds to on-chain firms without leaving the ecosystem,” Will Peck, head of digital assets at WisdomTree, said in a statement. Source
How Companies Can Prepare the Workforce for the Blockchain-Driven Future
In the late 1990s and early 2000s, companies began moving away from outdated operational technology and embracing the benefits of the World Wide Web and email en masse. Transitioning from fax to email and filing cabinets to cloud storage, those who lived through this technological revolution can remember the arduous onboarding and clunky changeover. Over recent years, employees across all industries have been keeping up with the rapid changes taking place, such as incorporating instant messaging, generative AI, time tracking, multi-factor authentication — the list is endless. But we are…
Three Ways DeFi Will Revolutionize Financial Services
DeFi is poised to create a future where financial services are digital, open, always-on, and borderless, says Bill Barhydt, ceo, Abra. Source
Dragonfly Capital Aims to Raise $500M Fund: Bloomberg
Dragonfly closed its third fund, worth $650 million, in April 2022, shortly before the onset of the crypto bear market. Source
Layer-2 Meme Coin Pepe Unchained Hits $13.5M in Presale, Analyst Says it’s the Next Crypto to Explode
Pepe Unchained (PEPU) has quickly become the crypto community’s latest focus, with its presale passing the $13.5 million mark. This meme-themed Layer-2 coin combines Pepe branding with advanced blockchain tech. And one expert believes it could be primed to explode when it launches later this year. PEPU Presale Passes $13.5M Ahead of Planned DEX Listings […] Source CryptoX Portal
Here’s What’s Driving The FTM Price Recovery
Este artículo también está disponible en español. Fantom (FTM) is enjoying much bullish momentum at the moment, and the odds of the coin rising to as high as $2 has increased. The FTM price recovery is thanks to Fantom’s fundamentals, which have sparked a positive sentiment among investors. What Is Driving The FTM Price Recovery Fantom’s price recovery is mainly driven by its bullish fundamentals, especially the imminent launch of the Sonic network. In a recent blog post, Sonic Labs announced that Sonic’s launch is scheduled for November/December 2024. Investors…
Stablecoins May Cushion Fed Rate Cut Impact on Treasury Tokens, Standard Chartered’s Regional Head Says
According to Fed funds futures, the market is currently pricing 100 basis points of rate cuts this year, which means the benchmark borrowing cost will drop to 4.5% by the year-end. Still, that is an attractive yield compared to passively holding stablecoins, Deschatres quipped. Source
Bitcoin L2 and Sidechain Networks Surge to $1.31 Billion in Locked Value
This year, Bitcoin layer two (L2) solutions and sidechains have gained incredible traction, with the top ten Bitcoin-based sidechains or L2 protocols now controlling a combined $1.31 billion in total value locked (TVL). The latest figures reveal that more than 56% of this total is held within two prominent networks: Core and Bitlayer. Core and […] Original
The Fed Will Tell Us Soon If Bitcoin Is at a New Baseline
There’s a lot of noise in crypto markets at the moment, particularly around bitcoin. Traders are likely to react to the news of a Fed rate cut with some retrenchment, as short-term market dynamics filter out. This is particularly driven by investor concerns about the direction of travel of the U.S., and global, economy. Source CryptoX Portal