Almost $600,000 in Bitcoin (BTC) has been stolen from users who have downloaded a fake Ledger Live application on Microsoft’s app store, according to cryptocurrency sleuth ZachXBT. The on-chain analyst spotted the scam, “Ledger Live Web3” on Nov. 5, which is tricking users into thinking that they’re downloading “Ledger Live” — a user interface for Ledger hardware wallets to store…
Cryptocurrency exchange Bitfinex said it suffered a “minor” information security incident after one of its customer support agents was hacked earlier in the week (Oct. 30 — Nov. 5). It led to a spree of phishing attacks against Bitfinex users but little damage was done, the firm explained in a Nov. 4 statement. “A small portion of our customer support…
Sam Bankman-Fried is found guilty of fraud, other crimes; PayPal receives subpoena from the U.S. SEC, and Invesco Galaxy’s spot Bitcoin ETF joins DTCC website. Source: https://cointelegraph.com/magazine/sam-bankman-fried-convicted-paypal-faces-sec-subpoena-and-other-news-hodlers-digest-oct-19-nov-4/
Decentralized finance (DeFi) protocol Aave paused a number of markets on Nov. 4 after receiving reports of an issue affecting “a certain feature,” according to a post on X (formerly Twitter). The pause affects multiple networks, including Aave V2 Ethereum Market and certain assets on Aave V2 on Avalanche. In addition, certain assets on Polygon, Arbitrum, and Optimism have been…
The Supreme Court’s choice to take up this case represents a pivotal development for firms utilizing arbitration clauses. Source: https://cointelegraph.com/public/index.php/news/coinbase-user-agreement-dispute-reaches-us-supreme-court
Should the current rate of adoption continue, blockchain technology could have 100 million daily users by 2028, according to projections by Bloomberg Intelligence analyst Jamie Coutts. On X (formerly Twitter), Coutts pointed out that blockchain adoption has been “unabated” throughout bull and bear markets over the past years. “Not having exposure to one of the largest structural trends of the…
Metadata in blockchain transactions, explained Additional data or information that can be appended to a crypto transaction on a blockchain is referred to as metadata in blockchain transactions. Although the main function of a blockchain is to document and authenticate the transfer of digital assets, including cryptocurrencies like Ether (ETH) or Bitcoin (BTC), metadata enables users to add additional information…
The crypto industry continues to anticipate the approval of a spot Bitcoin exchange-traded fund (ETF) in the United States as more investment managers file amended applications with the Securities and Exchange Commission (SEC). The high level of anticipation has even caused the Chicago Mercantile Exchange (CME) to leap positions among derivatives exchanges in terms of Bitcoin (BTC) open interest, overtaking…
Bitcoin is setting up for another trip past $35,000, analysis argues as BTC price settles into the weekend. Source: https://cointelegraph.com/public/index.php/news/bitcoin-bulls-defend-34k-trader-predicts-next-btc-price
Bitcoin (BTC) sought to pressure $35,000 on Nov. 4 as weekend markets continued to consolidate higher. BTC/USD 1-hour chart. Source: TradingView “Significant” event sets up BTC price upside Data from Cointelegraph Markets Pro and TradingView showed BTC price support holding after the end of Wall Street trading. The largest cryptocurrency saw a revisit of intraday lows the day prior, but…
