Funds have also not yet been recovered from the Wormhole bridge attack in February. This bridge, which connects Ethereum, Solana, Avalanche and other blockchain networks, was not the first to be attacked, but it might be the most notable. Somehow an attacker was able to mint 120,000 wrapped ether, or wETH, without having to put up any collateral. They then converted that free wETH into regular ETH and SOL, netting themselves $320 million. While these funds have not been recovered, Jump… Source link

Chainalysis is a blockchain data platform. We provide data, software, services, and research to government agencies, web3 companies, financial institutions, and insurance and cybersecurity companies. Our data powers investigation, compliance, and business intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com. Source link

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their… Source link

Crypto firm ConsenSys is announcing a new partnership with payments giant PayPal to create a convenient way for investors to purchase Ethereum (ETH). According to a recent company announcement, MetaMask, the popular crypto wallet developed by the Ethereum software company, will integrate PayPal into its platform to provide investors in the US with an easy way to buy the leading smart contract platform. “Today, ConsenSys, a market-leading Web3 company, announced that US MetaMask… Source link

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their… Source link

ugurhan/iStock via Getty Images A month after the collapse of the FTX (FTT-USD) cryptocurrency exchange and a month-long period of consolidation in the range of $15,500-$17,200 per Bitcoin (BTC-USD), the most popular cryptocurrency was trying to break out of the bearish trend and was trading above $18,000 for a short time. Despite the appearance of the first signs of optimism in the market, the situation began to worsen again, primarily due to news of a potential criminal case against the… Source link

In an interview this week, CZ told CNBC’s “Squawk Box” anchors that, in fact, a “good chunk” of that payment was received in FTT – which, lest we forget, is now aggressively less valuable than an IOU – and that up until recently he had “actually forgot” about some $580 million FTT that Binance had left over from the transaction. Source link

ADELAIDE, AUSTRALIA / ACCESSWIRE / December 19, 2022 / DeFi protocol Fluidity has announced that it will go live on the Ethereum mainnet on December 19. Fluidity, Monday, December 19, 2022, Press release picture The blockchain incentive layer, which rewards users for swapping, trading or performing any on-chain transaction with Fluid-wrapped assets, will initially be released on Ethereum with Solana, Arbitrum and Polygon to follow. Built around a completely safe, audited system, Fluidity… Source link

Bitcoin (BTC) stayed rigid below $17,000 at the Dec. 19 Wall Street open as skeptical traders feared more downside. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC traders call time on upside potential Data from Cointelegraph Markets Pro and TradingView showed BTC/USD lingering around the $16,700 mark, practically unmoved over the weekend. The pair saw only fractional volatility at the open, as United States equities fell slightly. At the time of writing, the S&P 500 and Nasdaq… Source link

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their… Source link