FTX lawyers stressed that in-kind crypto payouts would clash with bankruptcy laws but several creditors feel shortchanged by the proposed cash repayments plan. Source: https://cointelegraph.com/news/cash-or-crypto-ftx-creditors-vote-how-recovered-funds-paid-back
Month: June 2024
North Korea’s Lazarus Group Exploited Defi Protocol Alex Lab for $4.3 Million, Probe Reveals
Bitcoin layer-two developer Alex Lab revealed that an investigation linked the North Korea-linked Lazarus Group to the $4.3 million exploit that occurred on May 16. Alex Lab has facilitated communication between the Singapore Police Force and relevant cryptocurrency exchanges as part of the ongoing investigation. Alex Lab Collaborates With Law Enforcement in $4.3M Hack Investigation […] Source: https://news.bitcoin.com/north-koreas-lazarus-group-exploited-defi-protocol-alex-lab-for-4-3-million-probe-reveals/
Ethereum’s supply has been inflating for 73 days straight
The supply of ETH has been gradually increasing since mid-April with the Dencun upgrade decreasing competition for block space on the mainnet. Source: https://cointelegraph.com/news/ethereum-supply-inflated-for-73-days-straight
Metallica Joins Growing List of Hacked Celebs Promoting Scam Crypto Tokens
The Twitter account of heavy metal band Metallica was apparently hacked late Tuesday and used to promote a Solana meme coin, continuing a recent trend of celebrities being targeted to share pump-and-dump scams purporting to be the real deal. Although the tweets—which included a Twitter Spaces audio call and replies to other users—were deleted within 90 minutes, the pimped METAL…
India’s Digital Rupee Usage Drops Drastically After Initial Surge
India’s central bank digital currency (CBDC), the digital rupee, has experienced a significant decline in usage, decreasing to a tenth of its peak in December 2023, according to sources involved in the pilot project. The Reserve Bank of India (RBI) initially reached 1 million daily retail transactions with the digital rupee by incentivizing banks and […] Source: https://news.bitcoin.com/indias-digital-rupee-usage-drops-drastically-after-initial-surge/
ECB Publishes Digital Euro’s First Progress Report
The European Central Bank (ECB) has published its first progress report on the digital euro preparation phase, highlighting key design features and ongoing developments. The report emphasizes high privacy standards for both online and offline payments, aiming to provide users with a cash-like level of privacy. First Progress Report on the Digital Euro Preparation Phase […] Source: https://news.bitcoin.com/ecb-publishes-digital-euros-first-progress-report/
Metallica’s X account apparently hacked to promote crypto token
The official X account for Metallica appears to have been hacked, with exploiters posting about a Solana token dubbed METAL. Source: https://cointelegraph.com/news/metallica-x-account-hack-promote-crypto-token
Nubank brings Bitcoin Lightning to its 100M Latin American customers
Lightspark will also integrate the Universal Money Address standard for Nubank, which gives an email-like address for users to send and receive money. Source: https://cointelegraph.com/news/lightspark-nubank-offer-bitcoin-lightning-latin-america
AI Cancer Detector Boasts 98% Accuracy Across 13 Types: Study
A new artificial intelligence (AI) model was able to detect 13 different types of cancer with 98.2% accuracy using only DNA data from tissue samples, according to a new study. The AI model, dubbed EMethylNET, was developed by researchers at the University of Cambridge in the U.K. and could potentially accelerate early cancer detection, diagnosis, and treatment. The findings, published…
Bitcoin Price Rebound Sees Shorts Rekt as Crypto Market Recovers
We do the research, you get the alpha! Get exclusive reports and access to key insights on airdrops, NFTs, and more! Subscribe now to Alpha Reports and up your game! Go to Alpha Reports After a rough start to the week, Tuesday brought a modest rebound across the crypto market, with nearly every single token in the top 100 coins…