Author: Crypto News

Last updated: May 10, 2024 00:43 EDT | 2 min read An attacker involved in a $68 million address poisoning scam has exhibited a gesture of goodwill by returning $153,000 worth of Ether to the victim.The address-poisoning attack initially saw the attacker tricking a user into transferring $68 million worth of Wrapped Bitcoin (WBTC), which has taken a new twist with the recent kind-hearted act of returning a fraction of the stolen funds. Attacker Expressed Willingness To Negotiate The attacker, operating under the alias “FakePhishing327990” on Etherscan, sent $153,000 Ether to the victim, accompanied by a message expressing willingness to…

DUBAI, UAE, 1st May 2024 – In a significant development for Penguiana, a Solana-based meme project, the team has successfully closed a $200,000 seed funding round led by Nanosprout Ventures.The angel seed round also saw participation from over ten other angel investors in the web3 space like HPV ventures, Onkapital & Slowave ventures showcasing strong support for the project’s unique approach within the cryptocurrency ecosystem.In an interview, Zan Kowalski, the lead developer of Penguiana, shared insights into the funding and the project’s future direction. Kowalski, emphasized the strategic importance of this funding round saying “Garnering support from key players in…

Last updated: May 10, 2024 00:21 EDT | 1 min read Eclipse Labs founder and CEO Neel Somani has announced he will be “temporarily reducing” his role as the public face for the firm following serious allegations of sexual misconduct.Somani took to the social media platform X, formerly Twitter, to address the allegations stating he is innocent and prepared to defend his reputation.“Serious allegations have been made against me on Twitter in the last week. These allegations are false, but serious allegations about sexual misconduct warrant a serious and thoughtful response,” said Somani using the social platform X.Eclipse Labs took…

Last updated: May 10, 2024 00:01 EDT | 2 min read Bitcoin mining firm Marathon Digital reportedly battled against “operational challenges” to produce record financial results in the first quarter of 2024.In its first-quarter earnings report, the firm reported producing 2,811 Bitcoins during the first quarter of 2024, compared to 4,242 in the last quarter of 2023, a decline of 33.73%.Marathon Digital reported revenues increased 223% to $165.2 million in the first quarter of 2024 from $51.1 million in the first quarter of 2023. The firms’ energized hash rate which measures the computational power of a blockchain network, increased 142% to…

Last updated: May 9, 2024 22:35 EDT | 2 min read Bitcoin Price Prediction:Bitcoin’s subtle rally to $61,425 signals a potentially stabilizing market. As Bitcoin ETFs like Grayscale and Bitwise see renewed inflows, totaling $11.54 million recently, optimism grows.Recent developments, such as the influx of institutional funds and economic cues affecting digital assets, are what fuel Bitcoin price predictions. Bitcoin ETFs See $11.54 Million Inflows: Grayscale and Bitwise Lead the WayThe cryptocurrency market continues to evolve, with Bitcoin spot Exchange Traded Funds (ETFs) experiencing a significant uptick in investor activity. On May 8, these ETFs collectively saw an influx of…

Last updated: May 9, 2024 19:31 EDT | 1 min read A fork of the Gains Network – an ecosystem of DeFi products on Polygon and Arbitrum – was allowing traders to claim 10X gains on every trade, no matter the price of their tokens traded, according to blockchain security experts. Gains Network Infinite Money Glitch Gains Network holds a total value locked (TVL) of $20.29 million, according to DeFi Llama. Since its inception in May 2023, it’s handled $25 billion in derivatives trading volume.An April 19 report from Zellic highlighted how one bug impacting a fork of the protocol…

Last updated: May 9, 2024 19:30 EDT | 2 min read Georgia’s security service has claimed overseas actors are using crypto to fund a spate of protests that have divided the country.Thousands have taken to the streets in the capital Tbilisi in recent days, with smaller protests also taking place in the cities of Zugdidi, Kutaisi, and Gori.But the State Security Service of Georgia (SSSG) says the masterminds behind the protests are using “funds from abroad.”And, the SSSG claimed, protest organizers are making use of crypto in a bid to “cover their tracks.” Georgia Protests Are ‘Crypto Funded,’ Says Intelligence…

Last updated: May 9, 2024 19:16 EDT | 2 min read Taiwan authorities announced on Thursday that they intend to punish cryptocurrency firms that fail to abide by its anti-money laundering (AML) laws.In response to fraud and money laundering risks in the virtual asset landscape, Taiwan’s Ministry of Justice has proposed several amendments to the city’s existing AML laws, suggesting hefty fines and prison terms for non-compliant service providers. Taiwan Proposes Stricter AML Regulations for Cryptocurrency Firms to Combat Money Laundering The Ministry of Justice has introduced amendments that mandate domestic and overseas crypto firms operating in Taiwan to register…

Last updated: May 9, 2024 19:08 EDT | 2 min read Pepe Investors Shift to New Bitcoin Project, Targeting 976% Gains Within Months / Source: Cryptonews As the Pepe Coin (PEPE) price pushes up and eyes a rally back to March highs beyond $0.000010, investors are shifting to an exciting new Bitcoin project as they target potential gains of as much as 976% within months.Pepe rallied 9% on Thursday and, last at $0.0000086, is eyeing a retest of recent highs above $0.000009.The cryptocurrency has been trading bullishly since bouncing at its 100DMA in mid-April.The meme coin then proceeded to break…

Meme coins have become popular and are attracting interest from both fans and investors. Although meme-inspired digital assets were first made possible by Dogecoin, there are already several competitors fighting for supremacy in this market. These include Cats in a Dogs World (MEW), Book of Meme (BOME), and Hump (HUMP), each of which offers distinct value propositions and the possibility of large returns on investment. We’ll examine the characteristics, market potential, and possible 1500% return on investment (ROI) of these three Dogwifhat (WIF) competitors in this post. Hump (HUMP): Revolutionizing the Meme Coin LandscapeHump (HUMP) has quickly emerged as a…