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Biden Orders Chinese-Backed Crypto Mining Firm to Divest Land Near US Missile Base
14.5.2024
President Joe Biden has issued an order that blocks Mineone Partners Ltd., a Chinese-backed cryptocurrency mining company, from owning land near Wyoming’s Francis E. Warren Air Force Base, which is a strategic missile base. This measure requires the divestment of land used for crypto mining...
Middle East-Focused Crypto Exchange, Rain, ‘Likely Exploited’ for $14.8 Million, Says Zachxbt
13.5.2024
The cryptocurrency exchange Rain, which focuses on the Middle East, was likely exploited for $14.8 million on April 29, according to online crypto investigator Zachxbt. Zachxbt says he traced the stolen funds to a bitcoin address with 137.9 bitcoins and an ethereum address holding 1,881 ether....
U.S. Blocks China-Tied Crypto Miners as 'National Security Risk' Near Nuke Base
13.5.2024
President Joe Biden ordered a cryptocurrency mining facility near Warren Air Force Base in Wyoming to halt operations on Monday, calling it a threat to national security
CertiK discovered $5M security flaw in Wormhole bridge on Aptos
13.5.2024
A flaw in the bridge could have allowed an attacker to produce fake token transfers, but it was discovered and patched before anyone could take advantage of it
Chinese Police Arrest Six Suspects in $300 Million Cryptocurrency Money Laundering Case
13.5.2024
The Public Security Bureau of Panshi City in Jilin Province has cracked down on an illegal operation involving underground banks and virtual currencies.
The post Chinese Police Arrest Six Suspects in $300 Million Cryptocurrency Money Laundering Case appeared first on Cryptonews
Crypto Teams May Exit Space Due to Ethereum Security Classification, Amina Bank Report Suggests
13.5.2024
The classification of ethereum as a security poses not only risks to the entire crypto market, but it could also likely lead to many crypto teams exiting the space. This designation might hinder progress and potentially reverse years of advancements in the cryptocurrency market. The U.S. Securities...
Ethereum Transaction Fees Slide Nearly 94% Over the Past 68 Days
12.5.2024
Similar to Bitcoin’s onchain fees, the cost of transacting on the Ethereum network has recently seen a significant decline. Over the previous 68 days, since March 5, 2024, Ethereum’s network fees have fallen by 93.7%, from $30.33 per transfer to $1.91 per transaction. Declining...
House expected to vote on crypto bill offering SEC, CFTC clarity in May
10.5.2024
The Financial Innovation and Technology for the 21st Century Act passed out of committee in July 2023 but could be headed for a full floor vote in the U.S. House of Representatives
U.S. officials seek easier pathways to ban AI exports and keep tech secrets in
10.5.2024
Amid the global race to obtain high-level AI models, legislators in the U.S. have unveiled a new bill that would make it easier to ban exports of AI tech to safeguard against mal-intended foreign actors
zkLogin includes Multi-sig Recovery & Apple Credentials for security
10.5.2024
zkLogin, a leading authentication platform leveraging zero-knowledge proofs for privacy-preserving logins, has announced significant upgrades to its service, including multi-signature recovery and support for Apple credentials. These new features mark a major milestone in zkLogin’s mission...
How to securely store crypto in software wallets
10.5.2024
Securing your cryptocurrency storage starts with selecting the appropriate software wallet. Using multisig wallets, 2FA and password managers are further steps
Georgia Protests ‘Are Funded by Overseas Crypto,’ Claims Security Service
10.5.2024
Georgia’s security service has claimed overseas actors are using crypto to fund a spate of protests that have divided the country.
The post Georgia Protests ‘Are Funded by Overseas Crypto,’ Claims Security Service appeared first on Cryptonews
NFT Trader Loses $145K To BAYC Phishing Scam
9.5.2024
In a phishing fraud run by BAYC, an NFT trader lost tokens valued at more than $100,000. On May 9, the on-chain security platform PeckShield made this announcement, as scams in the cryptocurrency and NFT field continue to cause alarm.
The post NFT Trader Loses $145K To BAYC Phishing Scam appeared...
Ripple joins multi-chain DeRec Alliance for secrets management
9.5.2024
Ripple joins the Hedera and Algorand Foundations and industry players to advance a recovery standard to rival ERC-4337
SEC Stifling Innovation by Hindering Ethereum’s Potential in Banking: Joseph Lubin
9.5.2024
Joseph Lubin, co-founder of Ethereum, has launched scathing criticisms against the SEC, accusing the body of deliberately impeding innovation and obstructing Ethereum's transformative potential in the banking landscape.
The post SEC Stifling Innovation by Hindering Ethereum’s Potential...
Ethereum Proposal by Vitalik Buterin Introduces Advanced Account Abstraction Features
8.5.2024
A new Ethereum Improvement Proposal, EIP 7702, spearheaded by Vitalik Buterin and fellow collaborators, aims to refine account abstraction on the Ethereum network, enhancing quantum resistance and compatibility with existing standards. EIP 7702 Targets Enhanced Security and Compatibility According...
WBTC thief spreads $71M loot across multiple crypto wallets
8.5.2024
Stolen crypto from a $71 million wallet impersonation scam is on the move after six days of dormancy
SEC’s Gary Gensler is getting irked being asked about crypto
8.5.2024
SEC Chair Gary Gensler says he gets an “outsized ratio” of questions about crypto despite its relatively small size compared to the overall financial market
Poloniex Hacker Reportedly Funnels $3.4 Million through Tornado Cash Mixer
8.5.2024
The famous hacker from Poloniex who caused the Bitcoin exchange's security breach the previous year is again on the loose. In an attempt to launder the stolen money, the burglar transferred 1,100 Ethereum (ETH), worth $3.4 million, to the authorised cryptocurrency mixer Tornado Cash on May 7.
The...
QANplatform launches world’s first quantum-resistant, EVM-compatible testnet
7.5.2024
Quantum computers will be able to crack today’s main cryptographic algorithms employed by the whole internet, including banking applications, email providers, and social media platforms