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The Lazarus Group, the notorious North Korean hacker organization, has long been considered the bad guy in the crypto world, allegedly stealing billions of dollars from projects and networks.Now, a pseudonymous on-chain detective. Zack XBT It just broke how The group appears to have laundered more than $200 million into fiat currency from hacked crypto assets.Lazarus has been identified as the group behind some of the most notable crypto-related hacks in recent years.it was appointed by the FBI For being responsible for the $41 million hack of the Drake-backed gaming company Stake.com. $622 million in abuse The Ronin Gaming Network's…
Industry experts Scott Johnson and Adam Cochran expressed concern about the SEC's recent actions.they questioned the approval of Ethereum Futures ETFThe decision was made in October 2023 despite ongoing research into whether Ethereum qualifies as a security. Their criticisms highlight potential inconsistencies in the SEC's regulatory approach. Both experts suggested that this inconsistency could undermine investor confidence in the regulatory framework.Johnson criticizes the SEC for accelerating the effects of ETFs. He argues that the move violates the SEC's obligation to consider the public interest and investor protection.Cochran supports this view and asks SEC Chairman Gary Gensler Testify under oath. He…
We do the research so you can get the alpha!Get exclusive reports and access key insights on airdrops, NFTs, and more! Subscribe to Alpha Report now and get ahead of the game!Go to alpha reportA team of cryptocurrency developers has announced detailed plans to enable rolling up of transactions in Bitcoin, a common practice in cryptocurrencies that was thought to be impossible with its granddaddy blockchain.Rollups are a decentralized system for bundling crypto transactions off-chain before being settled on-chain in more data-efficient batches, and have historically been used as a scaling solution for Ethereum. The authors of the proposed Bitcoin…
Nigeria's EFCC has frozen the bank accounts of over 1,100 crypto traders.The anti-corruption unit said traders were manipulating the naira.An investigation into this matter is ongoing.Cryptocurrency merchants in Nigeria, traders with large trading volumes on peer-to-peer platforms, are fearful of what will happen next after the country's legal currency, the naira, fell again on the foreign exchange market last week. Ta.Those concerns were not unfounded.This is because Nigeria's anti-corruption agency, the Economic and Financial Crimes Commission (EFCC), has frozen the bank accounts of 1,146 crypto traders, according to documents obtained by law enforcement authorities. DL News on monday.The crypto traders…
Cash is flowing out of digital asset investment products, including spot Bitcoin ETFs, as Bitcoin prices cling to record highs amid global economic headwinds. According to the report, money has been outflowing from these investments for three consecutive weeks, with $435 million lost in the past seven days alone. data From CoinShares. Month-to-date outflows have reached $102 million across coins including: Bitcoin, Ethereumand Solana. “Inflows from new ETF issuers are slowing in the U.S.,” asserted James Butterfill, head of research at CoinShares. Decryption. “There is still an influx, but it is less than before.” Outflows from Grayscale's Bitcoin Trust have…
Lido's price increase will lead to an increase in the market capitalization of liquidity staking assets. At the time of this writing, LDO was trading at around $2.13. As last week draws to a close and a new one begins, Ethereum [ETH] I experienced a slight backlash. Similarly, Lido Dao witnessed a similar move. According to the data, the amount of Ethereum staked continued to increase, but DAOs also maintained their dominance. Lido Rise Supports Liquidity Staking Market Cap According to Santiment data, Liquid staking assets performed well over the weekend, with Lido being one of the notable gainers. According…
In 2009, the Lazarus Group, a hacking organization with ties to the North Korean government, was credited with laundering more than $200 million stolen in more than 25 cryptocurrency hacks.According to , the hack occurred between August 2020 and October 2023. the study By on-chain detective ZachXBT.ZachXBT linked the hack to accounts managed by Lazarus Group on peer-to-peer marketplaces Noones and Paxful by tracing funds through multiple blockchain and cryptocurrency mixing services. Hackers took advantage of these markets to convert illegal cryptocurrencies into fiat currencies.Also read: Australia prepares for wave of spot Bitcoin ETF launches: BloombergKey findings:Over 25 connected hacks…
Financial services giant Franklin Templeton has listed a new spot market Ethereum (ETH) exchange-traded fund (ETF) on the Depository Trust Clearing Corporation (DTCC). On its product offering page, DTCC lists Ethereum-based exchange-traded products (ETPs) from major financial giants, including Franklin Templeton's Ethereum TR Ethereum ETF (EZET). Founded in 1999, DTCC is a post-trade financial services company that provides clearing and settlement services to the market. DTCC's website regularly lists tradable securities, including ETFs, which have undergone the appropriate approval processes. However, listing on the DTCC does not guarantee that the ETF will be approved by regulatory authorities. In the past…
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18:24 ▪ 3 Minimum read time ▪ up to Evans S. Peter Brandt, an essential figure in Bitcoin trading, has made predictions that cause excitement and questions. Brandt's prediction that Bitcoin will skyrocket to $160,000 by 2025 has sparked enthusiasm as well as skepticism. This article explores the foundations and nuances of his bold vision. How the cycle works: Bitcoin’s exponential decline? Peter Brandt, known for his astute analysis, has been observing Bitcoin's bullish cycles for years. His research reveals that the strength of these cycles gradually decreases, which he calls “exponential decay.” Bitcoin has gone through four major bull…