Tag: Ether

NYC Mayor Eric Adams Converts First Paycheck to Bitcoin and Ether via Coinbase – Bitcoin News

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The mayor of New York City, Eric Adams, has received his first paycheck in bitcoin and ether via Coinbase. “Promise made, promise kept,” the mayor said, referring to his promise to take his first three paychecks in cryptocurrency. Mayor of New York City Takes Paycheck in Cryptocurrency With the Help of Coinbase New York City Mayor Eric Adams has made good on his promise about getting paid in bitcoin. In a video he posted on Twitter Thursday, the mayor said: Promise made, promise kept. Took my first check in bitcoin…

Ether, Altcoins Tank With Bitcoin as Decoupling Narrative Goes Up in Smoke

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The developing narrative of ether and alternative cryptocurrencies, or altcoins, decoupling from bitcoin in an adverse macro environment went up in smoke on Friday as a sell-off in stocks and the largest cryptocurrency caused extensive damage to the broader crypto market. Bitcoin fell to a five-month low of $38,300 during the Asian hours, an 8% slide on a 24-hour basis. Ether, the second-largest cryptocurrency, tanked 10%, printing lows near $2,800. The convincing move under $3,000 saw some traders book bearish option strategies, Swiss-based derivatives analytics platform Laevitas said. While binance…

Crypto.com Reveals 483 Accounts Compromised in Recent Hack — $34 Million in Bitcoin, Ether Stolen – Bitcoin News

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Crypto.com has revealed that 483 user accounts were compromised in the recent hack that resulted in unauthorized withdrawals of about $34 million in cryptocurrencies, including bitcoin and ether. Nonetheless, the company stressed that customer funds were never at risk. Crypto.com’s Hack Postmortem and CEO’s Comments Crypto.com revealed Thursday the number of users affected by the unauthorized crypto withdrawals that occurred on Jan. 17 and the cryptocurrencies stolen. The company wrote: The incident affected 483 Crypto.com users. Unauthorized withdrawals totaled 4,836.26 ETH, 443.93 BTC and approximately US$66,200 in other currencies. At…

Multichain Says $1.4M in Ether Siphoned From Users Who Failed to Update Approvals

Multichain users who didn’t update their approvals as instructed yesterday have been exploited and have lost 445 wrapped ether ($1.4 million), the project tweeted on Tuesday. On Monday, Multichain instructed its users to remove approvals for six tokens and said otherwise their assets would be exposed to a security vulnerability. The tokens in question were WETH, PERI, OMT, WBNB, MATIC and AVAX. Decentralized finance security firm Dedaub first found the flaw, which Multichain said it had fixed. Later on Tuesday, crypto security firm PeckShield revealed the wallet address where the…

Crypto.com’s Stolen Ether Being Laundered Via Tornado Cash

The $15 million in ether (4,600 ETH) stolen from Singapore-based Crypto.com is currently being laundered via Tornado Cash, an Ethereum Mixer, according to on-chain data. Tornado Cash is a ETH mixer protocol that promises to improve transaction privacy by obscuring the on-chain link between the source and recipient of ether. The protocol launched in early 2020. On-chain data first spotted by security consultancy Peck Shield suggests that the 4,600 ether is being sent through the mixer in batches of 100 ether. While some say that mixer protocols, or cryptocurrency tumblers,…

OpenSea surpasses $3.5B in monthly Ether trading volume setting new ATH

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With two more weeks left in Jan., NFT marketplace OpenSea has seen its monthly trade volume in Ether (ETH) exceed $3.5 billion for the first time ever. According to data from Dune Analytics, OpenSea has now surpassed the all-time high of $3.42 billion set in Aug. 2021 to establish a new all-time high, surpassing the $3.5 billion mark in Ether trading volume. OpenSea’s record-high volume on Jan. 9, as per Dune Analytics, was $261 million. Thus far in Jan., OpenSea has broken $169 million in trading volume for each day.…

North Korean Hackers Stole $400 Million in Cryptocurrency Last Year — Ether Accounts for 58% of Stolen Funds – News Bitcoin News

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North Korean hackers stole cryptocurrency worth about $400 million last year in at least seven major attacks on crypto platforms. “Only 20% of the stolen funds were bitcoin … And for the first time ever, ether accounted for a majority of the funds stolen at 58%,” said blockchain data analytics firm Chainalysis. North Korean Hackers Stole $400 Million in Crypto Last Year Blockchain analytics platform Chainalysis published an analysis on North Korean hackers and their unlaundered cryptocurrency holdings Thursday. The firm described: North Korean cybercriminals had a banner year in…

North Korean Hackers Stole $400M in 2021, Mostly in Ether

North Korean hackers stole almost $400 million worth of digital assets from crypto platforms last year, mostly in the form of ether, according to a Chainalysis report published on Thursday. For the first time, ether accounted for most – 58% – of the stolen funds, according to the report. It was followed by altcoins and ERC-20 tokens, with bitcoin at just 20% of the total, Chainalysis said. The increased variety of tokens has led the hackers to step up their efforts to launder their spoils, the report said. The typical…

SEC Must Surrender Hinman Email on Ether to Ripple, Judge Rules

SEC attorneys, for their part, have claimed that these documents contain staffer deliberations, and therefore are protected against discovery. District Judge Sarah Netburn, of the Southern District of New York, ruled that some of these documents are indeed protected, but ordered the regulator to turn over others, including an email with Hinman’s speech and some notes from meetings between SEC staffers and third parties that are not Ripple. CryptoX Portal