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The person behind the recent Radiant Capital exploit reportedly moved nearly all of the stolen cryptocurrency, worth around $52 million, from the Layer 2 network to Ethereum. Blockchain security firm Peckshield shared this information on October 24th, further dimming hopes of recovering funds. Attackers nearly completed bridging stolen funds According to PeckShield, the attacker's on-chain footprint shows that they bridged approximately 20,500 ETH tokens from Arbitrum and Binance's BNB chains to Ethereum. The funds were part of an October 16 attack that compromised Radiant Capital's smart contracts. Another blockchain security firm, Ancilia, first discovered this suspicious activity, which initially resulted…
US multinational technology giant Microsoft recently made headlines for filing with the US Securities and Exchange Commission (SEC) indicating potential interest in investing in Bitcoin (BTC), the largest cryptocurrency by market capitalization. Ta. Microsoft's potential Bitcoin investment faces board opposition Latest SEC filingMicrosoft has proposed a “Bitcoin Investment Evaluation'' that will be put to a vote at the shareholders' meeting scheduled for December 10th. The day marks a day for both the company and the broader crypto market, as a positive result could further demonstrate Bitcoin's growing appeal to traditional businesses and financial institutions, and signal increased acceptance as an…
Grayscale Investments, LLC, sponsor of the Grayscale Trust (ETH), has announced a name change for the trust, which will soon be known as the Grayscale Ethereum Trust ETF. The changes are scheduled to take effect on November 4, 2024, according to a recent filing with the Securities and Exchange Commission. The Trust, which currently trades on the NYSE Arca under the ticker symbol “ETHE,” will maintain the same ticker after the name change. The transition to the new name will not affect existing certificates of Trust Shares, which will remain valid without the need for exchange. This announcement was made…
Standard Chartered believes Bitcoin will regain the $73,000 price level on Election Day, November 5th.According to the report “Bitcoin: Post-US Election Strategy'' written by Jeffrey Kendrick, the company's head of digital asset research, there is a possibility that the main virtual currency will see large price fluctuations before and after the next US presidential election. It is said that there is.Additionally, the report reaffirmed previous six-digit price predictions and stated that Bitcoin could reach $125,000 by the end of the year if Republicans secure both the president and Congress.Trump victory could boost BitcoinAccording to the report, Bitcoin could rise by…
Guide: Best Cryptocurrency Exchanges in PortugalPortugal has become a crypto-friendly haven, attracting more and more buyers and fans of digital assets. The country's friendly tax system, relaxed legal environment, and growing digital currency culture have made it a popular place to learn about cryptocurrencies. In this detailed guide, we will discuss the best cryptocurrency platforms in Portugal. This will help you find your way around the exciting and ever-changing world of cryptocurrencies.Also read: BRICS could expand to 20 countries at 2024 summitPortuguese virtual currency exchangeOver time, Portugal's cryptocurrency economy has grown slowly. There are currently several exchanges that can meet…
Investing in cryptocurrencies may seem exciting given the popularity of digital assets and the potential for big profits, but cryptocurrencies have experienced significant volatility in the past and likely will continue to do so in the future. Before investing in cryptocurrencies, it's important to consider some basics. 5 Commandments of Cryptocurrency Investment Although the recent rise in Bitcoin prices has led some investors to believe that acceptance of cryptocurrencies is increasing, cryptocurrencies generally remain speculative and highly volatile. Without an underlying asset to back it up, the price of a cryptocurrency is driven solely by investor sentiment. This leaves many…
Investing in cryptocurrencies may seem exciting given the popularity of digital assets and the potential for big profits, but cryptocurrencies have experienced significant volatility in the past and likely will continue to do so in the future. Before investing in cryptocurrencies, it's important to consider some basics. Although the recent rise in Bitcoin prices has led some investors to believe that acceptance of cryptocurrencies is increasing, cryptocurrencies generally remain speculative and highly volatile. Without an underlying asset to back it up, the price of a cryptocurrency is driven solely by investor sentiment. This leaves many investors exposed to significant losses…
BlueSky is a social media platform that has grown rapidly since Elon Musk acquired Twitter. The company announced Thursday that it has raised $15 million in a funding round led by a cryptocurrency-focused venture capital firm.But that doesn't mean the social media network plans to embrace digital assets. The Series A funding round was led by Blockchain Capital, a venture firm with investments in OpenSea, Kraken, and Coinbase. Several other crypto-related venture firms also participated in the funding round, including SevenX, True Ventures, and Alumni Ventures.Nevertheless, the social media startup has vowed not to “hyper-financialize” Bluesky's “social experience” by integrating…
How about this in “HODL”: Ancient Bitcoin Whale, who received the coins in 2009, didn't touch his stash for 10 years before finally selling it. Blockchain data company Arkham Intelligence tracking “Diamond Hand” investors last moved coins back in 2014 prior to the latest series of trades.Since then, Bitcoin has been sitting gathering dust —Until last monthwhenHe mysteriously began transferring the coins to the American cryptocurrency exchange Kraken. And last week, a whale Less than $1 million transferred in Bitcoin After that, I continued to move to other wallets, including the day before. According to Arkham, the whale sold $10.5…
NEW YORK CITY, NY / ACCESSWIRE / October 24, 2024 / key node,top Cryptocurrency staking platformhas launched an Ethereum staking service to meet the growing demand due to the increase in institutional investors. According to a recent Blockworks research report, 70% of all institutional Ethereum holders are staking, and over 50% are using Liquid Staking tokens to access liquidity. KeyNode is releasing a series of Ethereum staking solutions that allow retail and institutional investors to securely and flexibly stake with high yields.Ethereum staking becomes an important strategy for institutional investorsEthereum staking has become a must-have for institutions seeking to benefit…