According to a recent report from the Europol Internet Organized Crime Threat Assessment, Bitcoin remains the most commonly exploited cryptocurrency by criminals. The report noted that Bitcoin is often converted to stablecoins like Tether (USDT) for stability and is still frequently encountered in cybercrime and fraud. The Tron blockchain’s lower transaction fees have made it
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Igloo, Inc., the company behind the non-fungible token Pudgy Penguins, has announced it raised $11 million in funding to build its latest blockchain project. Peter Thiel’s Founders Fund led the fundraising round, which Igloo says will fund a new Ethereum (ETH) based consumer Layer 2 solution to bolster crypto adoption. Igloo eyes consumer-focused blockchain The
Kraken has started distributing Bitcoin received from the Mt. Gox Trustee on July 16. Creditors of the defunct Bitcoin (BTC) exchange Mt. Gox reported seeing crypto balances on the Kraken platform, as impacted users saw relief 10 years after a historical hack. The news was confirmed on Reddit via a subreddit called “mtgoxinsolvency.” Several users believed
DeFi exchange, dydX, is negotiating the sale of a portion of its derivatives trading software for an undisclosed amount. The sale would be for the exchange’s v3 software, a previous iteration of the dYdX platform. It has attracted traders due to its high liquidity and low slippage rates for large transactions. Potential buyers of dYdX
Binance Labs has invested in Pluto Studio, the GameFi publishing platform that launched the Telegram-based gaming bot Catizen. In an announcement on Tuesday, Binance Labs said it led the investment in Pluto Studio. The startup will use the investment to fund growth initiatives across its platform. Pluto Studio to use funding to boost Catizen growth
Polymarket bettors do not seem confident that Trump will announce a U.S. Bitcoin strategic reserve. With Bitcoin 2024 starting this week, all eyes are on Former President Donald Trump to see what comments he makes about Bitcoin (BTC) and the crypto industry in general. Among the speculation, Polymarket bettors are betting on whether Trump will
On-chain data suggests that Ethereum faces substantial resistance at the $3,500 price level as the price retreats from the threshold. IntoTheBlock shared details on Monday that show the above price point continues to prove tough for Ethereum (ETH) bulls since July 16. At the time of writing, ETH is hovering around $3,448 and has slipped
Renzo, an Ethereum liquid restaking platform, was the latest defi operator to report a compromise as of July 22. According to a community alert, rogue actors hijacked the Renzo Protocol Discord server on Monday and posted malicious links in an apparent phishing exploit. Renzo warned members to refrain from interacting with posts or messages sent by
The Digital Chamber, a leading blockchain trade association, has urged U.S. Vice President Kamala Harris to “take a forward-looking approach to digital assets.” On Monday, the Digital Chamber said it had sent a letter to Harris. This came just a day after outgoing U.S. President Joe Biden dropped out of the upcoming 2024 election and
QCP Capital analysts said U.S. election news will continue to induce crypto market volatility as the presidential result will shape the future of digital assets in America and, perhaps, globally. QCP Capital’s Monday report price movements following the failed assassination attempt on former U.S. President Donald Trump as an example of the election’s impact on