Category: Latest news

[ad_1] Glassnode data analyzed by CryptoSlate shows that 450,000 Bitcoin (BTC) held on an exchange or a hot wallet before 2022 have been moved to cold storage throughout the year. In the last 12 months, the market has seen multiple black swan events that led to around 550,000 BTC abandoning exchanges’ reserves. On more than…

[ad_1] Acquisition talks between Vauld and its potential buyer, Nexo, have broken down, according to a report published by Bloomberg on Dec. 26. Vauld was one of several cryptocurrency lending and borrowing companies that suspended withdrawals this summer due to a widespread liquidity crisis. The firm halted services on July 4 and filed for creditor…

[ad_1] Island country Palau partnered with crypto technology company Ripple to develop a national stablecoin for the country, as reported by Wu Blockchain. The country’s President, Surangel Whipps Jr, virtually joined a panel on web 3.0, Metaverse, and the future of blockchain. He talked about the country’s digital residency policy and national stablecoin project. National…

[ad_1] Decentralized leverage trading platform on Avalanche, Defrost finance reported that all the funds lost due to an exploit on its platform on Dec. 23 were returned on Dec. 26 after claims of a possible rug pull. The hacked funds have been returned to #DefrostFinance. The affected users will very soon be able to claim…

[ad_1] Japan’s Financial Service Agency (FSA) will lift the ban on the local distribution of foreign stablecoins like USD Coin (USDC) in 2023, Nikkei reported on Dec. 26. According to the report, international remittances may become faster and cheaper if stablecoin usage spreads. Local exchanges would be allowed to handle foreign stablecoin transactions “under the…

[ad_1] Crypto mining firm BIT Mining said its subsidiary BTC.com lost $3 million worth of digital assets to a cyberattack on Dec. 3, according to a Dec. 26 statement. BIT Mining wrote that $700,000 of the stolen funds belonged to BTC.com’s clients while the remaining $2.3 million belonged to it. The company did not disclose…

[ad_1] Blockchain security firm Peckshield reported that roughly $8 million of BitKeep users’ funds were stolen via a hacked APK version of the crypto wallet. The BitKeep team confirmed the exploit on its official Telegram account and said the hackers hijacked some APK package downloads, which resulted in the loss of funds for its users.…

[ad_1] The International Chess Federation, popularly known by its French acronym FIDE, has struck a partnership with Avalanche to introduce chess into the sphere of Web 3.0, Avalanche announced on Dec. 23. Founded in 1924, FIDE links 200 national chess associations into one international federation and oversees the World Chess Championships. According to the Federation,…

[ad_1] The arctic blast in the US has already claimed at least 22 lives and temperatures could dip dangerously below freezing levels. Amid the extreme weather conditions, several Bitcoin (BTC) miners have voluntarily curtailed or shut down operations to help the struggling power grid. Foundry dropped its hash rate by over 44% or nearly 30…

[ad_1] For the crypto world, 2022 has been a tumultuous and eventful year with multiple high-profile bankruptcies, record-high scams, and frauds. In early 2022, the Russia-Ukraine war brought the crypto community together and proved its solidarity as people around the globe used crypto to donate and provide aid to Ukraine. Then the collapse of Terra-Luna…