Ethereum/USD Coin Metrics
Ether surges 13% to a two-month high after ethereum inches closer to long-awaited upgrade
Omar Marques | LightRocket | Getty Images Ether soared to a two-month high after developers successfully completed a final dress rehearsal for a pivotal upgrade expected to happen next month. The world’s second-biggest cryptocurrency reached a price above $1,927 at around 8:20 a.m. ET Thursday, according to data from CoinMetrics. That’s its highest level since […]
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Crypto mixing service Tornado Cash blacklisted by Treasury Department for alleged use in laundering
The U.S. Department of Treasury on Monday sanctioned the popular cryptocurrency mixer Tornado Cash, banning Americans from using a service that the government said, “launders the proceeds of cybercrimes.” “Despite public assurances otherwise, Tornado Cash has repeatedly failed to impose effective controls designed to stop it from laundering funds for malicious cyber actors on a […]
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Hacked crypto startup Nomad offers a 10% bounty for return of funds after $190 million attack
Over $2 billion has been stolen from cross-chain bridges so far this year, according to crypto analysis firm Chainalysis Jakub Porzycki | Nurphoto via Getty Images Crypto company Nomad said it’s offering hackers a bounty of up to 10% to retrieve user funds after losing nearly $200 million in a devastating security exploit. Nomad pleaded […]
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It has been a miserable month for crypto — and it’s only the third day of August
It has been a rough month for the crypto sector, and it’s only the third day of August. From cross-chain bridge hacks draining hundreds of millions of dollars in customer funds to the Securities and Exchange Commission coming after crypto ponzi schemes, this corner of the market can’t catch a break. The developments add to […]
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Ongoing solana attack targets thousands of crypto wallets, costing users more than $5 million so far
The logo of cryptocurrency platform Solana. Jakub Porzycki | NurPhoto via | Getty Images Nearly 8,000 digital wallets have been drained of just over $5.2 million in digital coins including solana’s sol token and USD Coin (USDC), according to blockchain analytics firm Elliptic. The Twitter account Solana Status confirmed the attack, noting that as of […]
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Hackers drain nearly $200 million from crypto startup in ‘free-for-all’ attack
Billions of dollars of value have been wiped off the cryptocurrency market in recent months. Companies in the industry are feeling the pain. Lending and trading firms are facing a liquidity crisis and many firms have announced layoffs. Yu Chun Christopher Wong | S3studio | Getty Images Hackers drained almost $200 million in cryptocurrency from […]
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Bitcoin hits 6-week high topping $24,000 in a post-Fed rally
Bitcoin prices have been under pressure in 2022 after the collapse of algorithmic stablecoin terraUSD and subsequent bankruptcy filings from lender Celsius and hedge fund Three Arrows Capital. Nicolas Economou | Nurphoto | Getty Images Bitcoin hovered around $24,000 on Friday, hitting a 6-week high as it continues to follow stock markets higher. The world’s […]
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Bitcoin climbs past $23,000 as hopes of softer Fed action fuel crypto relief rally
The world’s largest cryptocurrency is down roughly 50% since the start of 2021. CFOTO | Future Publishing | Getty Images Bitcoin broke the $23,000 threshold for the first time in more than a month, as hopes of a rate hike less aggressive than feared from the Federal Reserve triggered a relief rally in cryptocurrencies. The […]
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How 99-year-old publisher Time is leading legacy media into the NFT future
Time magazine covers Eric Baradat | AFP | Getty Images NFTs, or non-fungible tokens, have become, perhaps, the most controversial piece of the crypto conversation, evoking both passionate criticism and praise as Web3 becomes a bigger part of popular culture. Able to shut out the noise on both sides of the argument is an unlikely […]
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Bitcoin tops $22,000 as crypto market hopes contagion and shakeout is over; ether jumps 9%
Bitcoin and cryptocurrency prices have been under pressure in 2022 with traders feeling the fallout from a number of major collapses in the industry. Selim Korkutata | Anadolu Agency | Getty Images Bitcoin bounced above $22,000 on Monday, hitting its highest level in more than a month as the cryptocurrency market held out hope that […]
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