CoinW, a prominent exchange platform, fell victim to hackers who managed to siphon off a staggering $13 million. This incident has sent ripples through the digital currency community, raising concerns about the safety of funds in the crypto space. The breach was first brought to light by the blockchain security firm Cyvers, which detected multiple suspicious transactions on the CoinW exchange. These transactions, involving Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB) chains, immediately set off alarm bells within the crypto security community. Cyvers’ cutting-edge AI system raised questions about whether the threat originated from external forces or if it…
Author: Rea K.
The identity of Satoshi Nakamoto, the enigmatic creator of Bitcoin, remains one of the most enduring mysteries in the world of cryptocurrency. Despite over a decade of speculation and investigation, the true identity of this pioneering figure remains elusive. Among the many candidates who have been proposed, one intriguing name that surfaced in recent years is Leonard “Len” Harris Sassaman. But did he end his life because of Bitcoin? The Life of Len Sassaman Len Sassaman, born in Pennsylvania in 1980, led a life deeply entwined with cryptography and privacy. He was a prominent member of the cypherpunk community and…
Chainlink, the leading Oracle service provider, has officially launched its Cross-Chain Interoperability Protocol (CCIP) on Base, the Coinbase-incubated Ethereum layer-2 network. This development promises to open up new horizons for developers by providing them access to a secure and user-friendly interoperability protocol for building cross-chain applications and services. A Month After Chainlink Price Feeds Integration This announcement comes just a month after Chainlink Price Feeds were integrated into Base, granting developers on the network access to Chainlink’s robust data feeds and other Web3 services. The combination of Chainlink’s renowned data capabilities with the newly introduced CCIP on Base is set…
In a significant development, Binance, one of the world’s largest cryptocurrency exchanges, has resumed its operations in Belgium following a brief hiatus this summer. The move comes after the Financial Services and Markets Authority (FMSA), Belgium’s principal financial regulator, required Binance to wind down its operations due to concerns related to regulatory compliance. Previous Dispute with Regulator The FMSA’s initial warning was not directly tied to the ongoing legal dispute Binance faces in the United States but rather centered on the exchange’s practice of offering exchange services and hosting wallets in non-European Economic Area (EEA) countries. This practice raised concerns…
With the clock ticking down to the start of Sam Bankman-Fried’s trial, the courtroom has unveiled a comprehensive set of guidelines regarding admissible evidence for both the prosecution and the defense. These guidelines shed light on the pivotal aspects of the case and set the stage for what promises to be a closely watched legal battle. Government’s Requests Granted, Defense Denied In a significant development, the court has granted the majority of requests put forth by the government, providing them with a substantial advantage in the upcoming trial. However, the defense did not fare as well, as none of their…
Cryptocurrency exchange HTX, formerly known as Huobi, recently fell victim to a cyberattack, losing a substantial $7.9 million worth of Ethereum (ETH) to hackers. The incident has raised concerns within the crypto community, but swift action has been taken to address the breach. Blockchain security firm Peckshield was the first to notice the unusual activity on Huobi’s platform. On a fateful Sunday at approximately 10:00 am UTC, 4,999 ETH, equivalent to $7,866,926.30, was siphoned from the exchange’s wallet. The breach sent shockwaves through the cryptocurrency world, highlighting the ever-present threat of cyberattacks on digital asset platforms. Identifying the Culprit HTX…
Amazon has announced its intention to invest a substantial $4 billion in Anthropic, a prominent player in the generative AI landscape. This strategic collaboration marks a significant development in the world of artificial intelligence, as Amazon’s cloud unit, AWS, steps into a pivotal role as Anthropic’s primary provider for essential workloads. The partnership aims to drive innovation, foster responsible AI development, and reshape the future of generative AI models. Harnessing AWS Power for AI Advancement One of the key highlights of this collaboration is Anthropic’s decision to leverage AWS Trainium and Inferentia chips for constructing, training, and deploying its upcoming…
Chainlink, a decentralized oracle network, recently found itself at the center of a storm within the crypto community due to subtle alterations in its multisig (multi-signature) wallet. The controversy began when eagle-eyed users, including renowned crypto researcher Chris Blec, observed a quiet shift in the required number of signatures on Chainlink’s multisig wallet, changing from 4-of-9 to 4-of-8. The Multisig Wallet Adjustment The adjustment in question pertained to the reduction of the mandatory signatures needed on the multisig wallet. Previously, a 4-of-9 multisig setup demanded at least four out of nine signatures to authenticate any transaction. However, this setup was…
The recent partnership between cryptocurrency exchange Coinbase and Celsius, a digital asset management platform, has stirred up controversy and caught the attention of the U.S. Securities and Exchange Commission (SEC). The SEC’s latest actions reflect its ongoing efforts to tighten regulations in the cryptocurrency industry. Celsius’ Restructuring Plan: A Turning Point Following Celsius’ approval of a restructuring plan aimed at returning up to 67% of assets to its customers, the team embarked on the complex journey of redistributing the remaining holdings to creditors. To navigate the intricacies of the international banking system, Celsius decided to collaborate temporarily with Coinbase, a…
Rashawn Russell, a former investment banker and registered broker who once worked for Deutsche Bank, has pleaded guilty to a series of charges related to cryptocurrency investment fraud. Russell’s actions have sent shockwaves through the financial world, as he now faces the prospect of a lengthy prison sentence and a substantial restitution payment. The Guilty Plea The United States Department of Justice (DOJ) made the announcement on September 19, 2023, confirming Russell’s guilty plea. The charges stem from Russell’s operation of a cryptocurrency investment fund named R3 Crypto Fund between November 2020 and August 2022. The fund promised substantial returns…