Day: February 12, 2025

Phuket police arrest four Russian nationals accused of running crypto-ransomware attacks

Law enforcement in Phuket has arrested four hackers suspected of orchestrating ransomware attacks on Swiss firms and stealing millions in cryptocurrency. The accused, all Russian nationals, reportedly deployed ransomware on the networks of 17 Swiss companies between April 2023 and October 2024, a Feb. 10 report from local media outlet The Nation Thailand said. For those unaware, ransomware attacks involve hackers locking up a victim’s data and demanding a payout—usually in crypto—to restore access. In this case, the hackers allegedly used the Phobos malware, the report added. The accused were…

Wormhole to Deprecate Support for Multiple Blockchain Networks by Summer 2025

Alvin Lang Feb 12, 2025 09:55 Wormhole announces the deprecation of support for several blockchain networks by summer 2025, impacting Terra, Oasis, Acala, and others, while transitioning some Cosmos chains to community support. Wormhole, a prominent cross-chain messaging platform, has announced significant changes to its supported network infrastructure. According to the Wormhole blog, several blockchain networks will face full deprecation starting in the summer of 2025. Additionally, some Cosmos chains will transition to community-supported frontends and relaying services. Affected Networks The Guardian…

Crypto miner HIVE Digital’s shares soar amid 263% surge in Bitcoin reserves

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HIVE Digital Technologies has reported strong Q3 FY2025 revenue, fueled by Bitcoin mining and high-performance computing services. Canadian crypto mining firm HIVE Digital Technologies saw its shares rising 2.57% on Wednesday after it revealed its third-quarter results for fiscal year 2025, which showed strong growth. In a Tuesday press release, the Vancouver-headquartered firm reported total revenue of $29.2 million, driven by both Bitcoin (BTC) mining and high-performance computing services. During the quarter, HIVE mined 322 BTC, boosting its crypto holdings to 2,805 BTC, valued at $260 million. The figure marks…

Bitcoin’s Coinbase Premium Indicator Shows Overseas Buyers Taking the Lead Ahead of CPI Release

Bitcoin’s (BTC) Coinbase premium indicator, which measures the spread between BTC’s dollar-denominated price on the Coinbase exchange and tether-denominated price on Binance, has flipped negative for the first time since the Feb. 3 crash, according to data source Coinglass. It’s a sign that traders over the Nasdaq-listed exchange have turned cautious ahead of Wednesday’s U.S. CPI release, and their offshore counterparts have led the price recovery from overnight lows near $94,900 to $96,000. Historically, bull runs have been marked by prices trading at a premium on Coinbase, indicating strong leadership…

Dogecoin Ready For A $2.43 Rally? Elliott Wave Says Yes

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Este artículo también está disponible en español. A new chart shared by BigMike7335 (@Michael_EWpro) via X suggests that Dogecoin could be on the verge of a strong bullish wave targeting $2.43. His analysis relies on Elliott Wave theory, which divides market movements into impulsive drives and corrective phases. According to this view, DOGE’s historic rally from about $0.0020 to its previous peak near $0.68 unfolded in five distinct waves, labeled as Wave 5(A). This run tracked key Fibonacci extension levels, including the 2.618 region around $0.14591 and the 3.618 near…

Bitcoin ETFs continue to see outflows as BTC briefly dips below $95K

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Spot Bitcoin exchange-traded funds in the United States continued to see net outflows on Feb. 11, as BTC stayed below the $100K mark, briefly dipping under $95K. According to data from SoSoValue, the 12 spot Bitcoin ETFs recorded $56.76 million in net outflows on Tuesday, extending their negative streak to two consecutive days with $186.28 million in outflows from the funds seen the previous day. Fidelity’s FBTC led the outflows for the second day with $43.63 million leaving the fund. Franklin Templeton’s EZBC, Invesco Galaxy’s BTCO, Bitwise’s BITB and WisdomTree’s…

BTC May See Price Gains from Soft U.S. CPI Release, Yet Major Risk-On Surge Appears Unlikely

A soft U.S. inflation report later Wednesday will likely bode well for risk assets, including bitcoin (BTC). But those expecting bullish fireworks may be disappointed. The Labor Department will publish January’s consumer price index (CPI) report on Wednesday at 13:30 UTC. It’s expected to show that the cost of living increased by 0.3% month-on-month in January, slowing down from December’s 0.4% rise, according to Reuters estimates tracked by FXStreet. The annualized figure is expected to match December’s 2.9% reading. The core inflation, which strips out the volatile food and energy…

Pro-crypto Brian Quintenz returns to CFTC as Trump’s chairman pick

Former CFTC Commissioner Brian Quintenz is set to lead the agency again, signaling a shift in crypto regulation under the Trump administration. Brian Quintenz, a former commissioner at the Commodity Futures Trading Commission, is expected to return as chairman following his selection by U.S. President Donald Trump, according to Bloomberg.  If confirmed, he would serve a term running until April 13, 2029, returning to the agency at a time when crypto regulation is a central issue in financial policy.  His nomination aligns with broader efforts by the Trump administration to…