North Korean hackers are infiltrating crypto job boards, posing as fake applicants to steal sensitive data, hack systems, and gather assets, according to a DL News investigation. More than 4,000 North Koreans have been directed to penetrate the tech industry, including crypto, by concealing their identities. This scheme reportedly generates up to $600 million annually […] Source CryptoX Portal
David Bailey, CEO of Bitcoin Magazine, reportedly committed to raising $15 million for former President Donald Trump during a conference in Nashville later this month. Former U.S. President Donald Trump is set to attend the Bitcoin Conference in Nashville, Tennessee, which is expected to help him raise $15 million from donors, the Washington Post reports, citing sources familiar with the matter. According to the report, Bitcoin Magazine chief executive David Bailey lobbied the idea of the conference several times with Trump and his representatives, promising “to hold Trump a $15…
Crypto exchange Abra is reportedly purchasing a number of funds from digital asset management firm Valkyrie Investments after settling with US state regulators. According to a new report by Bloomberg, Abra has bought several trusts from Valkyrie after settling up with 25 regulators. Marissa Kim, Abra’s head of asset management, tells Bloomberg that the deal included Valkyrie’s Tron and Zilliqa trusts, which have collectively sold about $71 million worth of assets to investors. Also included in the deal are Valkyrie funds that have not yet rolled out. As stated by…
Digital assets showed significant growth in the first half of 2024, driven by increased institutional interest and the approval of spot bitcoin ETFs. According to a report from CME Group and Glassnode, these factors have cemented digital assets as a crucial asset class with unique opportunities and inherent risks. Institutional Interest Drives Digital Asset Growth […] Source CryptoX Portal
Bitcoin (BTC) held its $58,000 price level throughout the European morning before a U.S. inflation report due at 8:30 ET (12:30 UTC). Following a dip toward $57,000 at about 3:30 UTC, BTC is sitting around $58,400 at the time of writing, down 0.34% in the last 24 hours. The CoinDesk 20 Index, which offers a measurement of the broader digital asset market, has risen around 0.2%, suggesting traders are sitting on their hands waiting for the CPI report, which will offer the latest indication on the prospect of a cut…
Bitcoin’s recent price dip to a four-month low has triggered significant losses for new and large investors. This development, combined with mixed market signals, suggests the leading crypto asset is at a critical juncture, according to the latest Cryptoquant report. Market Signals Mixed as Bitcoin Hits $53K: Whales and Miners Influence Future Bitcoin’s recent price […] Source CryptoX Portal
Bitcoin has experienced its steepest decline in the current cycle, trading over 26% below its all-time high (ATH), according to onchain analysis firm Glassnode. This contraction has significantly affected short-term holders, with over 2.8 million BTC now below their acquisition price. Bitcoin Market Faces Significant Drawdown, Glassnode Reports Despite the notable downturn, Glassnode’s latest analysis […] Original
Wired said the platform, which provides deposit and escrow capabilities for peer-to-peer transactions conducted over the Telegram messaging system, hosts listings that can be used for activities including deepfake scams, money laundering and so-called pig butchering, in which a victim is wooed before being financially drained by their apparent admirer. Source
Malaysia’s largest electricity utility says it lost over $755 million due to illicit Bitcoin mining activities starting from 2018, significantly impacting the country’s energy sector. Tenaga Nasional Berhad (TNB), the largest electricity utility company in Malaysia, lost RM3.4 billion (over $755 million) in West Malaysia due to illicit Bitcoin mining activities from 2018 to 2023, The New Straits Times reports, citing Akmal Nasir, deputy minister of energy transition and water transformation of Malaysia. While Nasir admitted that crypto mining activities constitute a small fraction of total energy consumption, they had…
PRESS RELEASE. Singapore – July 9, 2024—stUSDT has announced a partnership with leading security audit firm ChainSecurity, which conducted a comprehensive security audit of its smart contracts. The complete audit report and whitepaper are now available on stUSDT’s official website. This initiative demonstrates stUSDT’s commitment to safeguarding user assets and strengthens its position as a […] Source CryptoX Portal