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Bitcoin Still Number One Due to Higher Futures Premium, K33 Research


A research conducted by K33 shows that Bitcoin still retains its top position as the most appealing cryptocurrency due to its higher premiums in futures trading.  Ether, the second most valuable crypto asset by market capitalization, is expected to play second fiddle once again due to the lower...

Chainalysis Lays Off More Staff in New Round of Crypto Job Cuts


Blockchain forensics firm Chainalysis is shedding a chunk of its workforce, the second time it’s doing so within this year. The news comes in a difficult period for the whole industry which saw a number of such moves in 2023, against the backdrop of a persistent bear market and increased regulatory...

Amid Falling Inscriptions, Bitcoin Miners Chip Away at Transaction Backlog


Bitcoin miners have been steadily clearing the mempool of unconfirmed transactions since the number almost reached 700,000 on September 6, 2023. Currently, the number of unconfirmed transactions has dropped to just over 153,000 pending confirmation. Transaction Backlog Shrinks as Bitcoin Miners...

Mark Cuban’s Crypto Wallet Hacked, $870,000 Lost


Hackers have apparently compromised a wallet belonging to billionaire investor Mark Cuban, stealing a number of cryptocurrencies. The owner of the Dallas Mavericks NBA team, who confirmed the breach, has been able to transfer the remaining digital funds to U.S. crypto exchange Coinbase. Mark...

Vitalik Buterin Confirms His X Account Was Hacked by SIM Swap


Ethereum founder Vitalik Buterin took to social media to share details about the hacking of his profile on X, formerly Twitter. The influential crypto figure confirmed suspicions that the account was targeted in a SIM swap attack allowing perpetrators to promote a crypto scam enticing victims with...

FBI Traces $41 Million Cryptocurrency Theft From Stake.com to Lazarus Group


The Federal Bureau of Investigation (FBI) says it has confirmed that North Korea’s Lazarus Group was behind the crypto theft of about $41 million from online crypto casino and sports betting platform Stake.com. The FBI has provided a number of Bitcoin, Ethereum, Binance Smart Chain (BSC),...

Dollar Share in Reserves Drops Below 60%, Yuan Rises, Russian Diplomat Says


The share of currencies other than the U.S. dollar and the euro in international reserves is on the rise, according to a Russian representative. The trend is being observed as a growing number of countries try to use their national currencies in foreign trade settlements, the official noted. Russia...

Biden’s Regulators Urged to Work With Congress on Crypto Regulation


A number of U.S. lawmakers have urged regulators, including the Securities and Exchange Commission (SEC), to work with Congress on crypto regulation. “Chair Gensler’s regulation by enforcement is unlawful and does nothing to protect consumers. It’s time for Biden’s...

Thailand Threatens Facebook With Shutdown Over Crypto Scams


The government in Bangkok will try to shut down Facebook in Thailand alleging the social media network isn’t doing enough to stop scams. Fraudsters have been luring users to invest in fake companies and cryptocurrencies, authorities said, and the number of complaints has been mounting. Meta...

Weekly NFT Sales Dip by 1.18% Despite Rising Buyers and Transactions


Based on the most recent week-long data, non-fungible token (NFT) sales experienced a slight decline of 1.18% from the previous week. Despite a recorded $107.05 million in NFT sales, there was a noteworthy rise of 86.71% in the number of buyers. Additionally, NFT transactions increased by...

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