The hackers behind the $625 million Ronin bridge attack in March have since transferred most of their funds from ETH into BTC using renBTC and Bitcoin privacy tools Blender and ChipMixer. The hacker’s activity has been tracked by on-chain investigator ‘₿liteZero’, who works for SlowMist and contributed to the company’s 2022 Mid-Year Blockchain Security report. They outlined the transaction pathway…
Bluebenx, a Brazilian crypto company that recently stopped customer withdrawals, has changed its story regarding the causes which took it to take that measure. While the exchange issued an email statement informing customers it had been the victim of a vicious hack, now the company states the liquidity problems were the consequence of a listing scam. Bluebenx Switches Versions…
Three months after being elected into power, the Australian Labor party has finally broken its silence on how it’s planning to approach crypto regulation. Treasurer Jim Chalmers announced a “token mapping” exercise, which was one of the 12 recommendations in a senate inquiry report last year on “Australia as a Technology and Financial Center.” The report was warmly welcomed by…
Bitcoin ATM manufacturer General Bytes had its servers compromised via a zero-day attack on Aug. 18, which enabled the hackers to make themselves the default admins and modify settings so that all funds would be transferred to their wallet address. The amount of funds stolen and number of ATMs compromised has not been disclosed but the company has urgently advised…
On Sunday, August 21, 2022, the floor value of the Cryptopunks non-fungible token (NFT) collection briefly surpassed the Bored Ape Yacht Club (BAYC) NFT collection’s floor value. While it’s not by a huge amount, at the time, Cryptopunks floor was 66.45 ether, while BAYC’s least expensive NFT was 64.99 ETH. Cryptopunks Reclaims the Throne It Held Last Year by Flipping…
This is an opinion editorial by Aleks Svetski, author of “The UnCommunist Manifesto,” founder of The Bitcoin Times and Host of the “Wake Up Podcast with Svetski.” If life could be described as some form of anti-entropic force, then humans could be regarded as the most advanced, complex structure that has emerged from it (at least that we’re certain of).…
The world’s largest ethereum mining pool, Ethermine, has announced the organization plans to drop proof-of-work (PoW) ethereum mining entirely. Ethermine says that the platform’s miner dashboard will display a countdown and users can continue to mine ether until the countdown reaches zero. Largest Ether Mining Pool to End PoW Ethereum Mining — Ethermine Ethereum Mining Pool Will Switch to Withdraw-Only…
For a brief, shining moment Sunday morning, the CryptoPunks flipped the Bored Ape Yacht Club, the floor price of the veteran NFT collection topping that of the celebrity-coveted primates for the first time since March, according to NFT Price Floor. Image: NFT Price Floor As with the last short-lived flip, the Bored Apes quickly regained the top spot, which they’ve…
The S&P 500 ended its four-week-long recovery last week after minutes from the Federal Reserve’s July meeting hinted that the central bank’s rate hikes will continue until inflation is under control. Members of the Fed said there was no evidence that inflation pressures appear be easing. Another dampener was the statement by St. Louis Fed president James Bullard who said…
Illustration by Mitchell Preffer for Decrypt With crypto prices cooling by double-digit percentages over the week as Autumn approaches, it’s fair to say that any respite from crypto’s ongoing winter this year has been fleeting. A recent wave of high-profile attacks and bankruptcies has put the industry on red alert. It’s not just thieves and insolvent crypto lenders raising alarm,…
