DPRK scammers have been employing fake offers of employment and investment opportunities to trick crypto users into downloading malware. Source: https://cointelegraph.com/news/fbi-warning-north-korea-scheme-steal-cryptocurrency?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: September 2024
SEC charges fund adviser Galois Capital for FTX crypto custody
The fund allegedly lost about half of its assets following FTX’s collapse. Source: https://cointelegraph.com/news/sec-charges-galois-capital-ftx-asset-custody?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
How much Bitcoin does the average whale hold?
Bitcoin addresses with balances between 1,000 and 10,000 BTC hold the largest share, 24.17%, of the total BTC supply. Source: https://cointelegraph.com/news/how-much-bitcoin-does-the-average-whale-hold?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Matter Labs Restructures, Cuts 16% of Workforce Amid Strategy Shift
Matter Labs, a key player in the crypto industry, is restructuring, resulting in a 16% workforce reduction. The decision, made to align with evolving market demands and internal strategy shifts, was difficult but necessary, according to the CEO Alex Gluchowski. Departing employees will receive a comprehensive exit package, including salary continuation, healthcare, career support, and […] Source: https://news.bitcoin.com/matter-labs-restructures-cuts-16-of-workforce-amid-strategy-shift/
Bitcoin network hashrate reaches new all-time high
Bitcoin network difficulty, a closely related yet separate metric, is also at historically high levels and currently sits at 89.4 trillion. Source: https://cointelegraph.com/news/bitcoin-network-hashrate-reaches-new-all-time-high?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Ripple to Add Ethereum-Compatible Smart Contracts to XRP Ledger
Ripple is set to significantly enhance the XRP Ledger by integrating Ethereum-compatible smart contracts through a new sidechain. This development marks a major step forward for the XRP ecosystem, expanding its capabilities beyond basic transactions to include complex applications such as decentralized exchanges, token issuance, and more. The integration of smart contracts will make the XRP Ledger a more versatile…
Bitcoin Miner Riot Calls Out ‘Concerning’ Moves From Bitfarms Amid Attempted Takeover
Bitcoin mining giant Riot Platforms provided an investor update on Tuesday concerning its effort to take over Bitfarms, a smaller Canadian rival that’s been resisting the former’s attempted hostile takeover. Riot offered its views on recent shakeups with Bitfarms’ board of directors, including the resignations of co-founders Emiliano Grodzki and Nicolas Bonta in recent months, whom Riot had previously targeted…
DOT and HBAR Lead as CoinDesk 20 Index Gains
The cryptocurrency market saw a modest uptick in the latest CoinDesk 20 performance update, with the index rising 0.9% to reach 1864.5 points. This gain was driven by strong performances from several key assets, including Polkadot and Hedera Hashgraph, which emerged as the top performers in the index. As the market continues to navigate a volatile environment, these assets have…
Report: Central Bank Gold Demand Surges in July Amid Rising Prices
Central banks globally continued to bolster their gold reserves in July, despite an increase in gold prices, according to a report by Krishan Gopaul, senior analyst, EMEA at the World Gold Council. The report highlights a 206% increase in net gold purchases compared to the previous month, driven by several key players in the global […] Source: https://news.bitcoin.com/report-central-bank-gold-demand-surges-in-july-amid-rising-prices/
Matter Labs Restructures to Meet Evolving Market Demands
Matter Labs, the driving force behind the Ethereum layer-2 protocol ZKsync, has announced a significant restructuring, which includes laying off 16% of its workforce. This decision comes as the company seeks to realign its resources to better support the changing technological needs of developers working on the ZKsync platform. The restructuring reflects the rapidly evolving landscape of Ethereum layer-2 solutions,…