Category: crypto

Blockchain investigator ZachXBT reported that malicious actors, known as the “LastPass threat actor,” stole around $5.36 million in cryptocurrencies from over 40 victims. This breach originated from a December 2022 security incident where attackers accessed encrypted vault data. The Security Alliance (SEAL) warned users to protect their assets from similar vulnerabilities.

Bitcoin’s price surge to over $107,000 has helped the US government recover 32.68 BTC stolen in a cyber fraud case, valued at $3.5 million. The funds were obtained through a BEC scheme targeting a real estate company, with victims reporting losses ranging from $75,000 to $425,000. The authorities are working to fully reimburse all victims.

FTX and its affiliated debtors will implement a reorganization plan on Jan. 3, 2025, with distributions starting within 60 days. BitGo and Kraken will manage the process for retail and institutional creditors. Eligible creditors must complete steps before the effective date to receive payments. The $16.5 billion recovery plan was approved by US Bankruptcy Judge…

The Stanford Blockchain Club criticized the US DOJ’s prosecution of Tornado Cash developers, calling it an overreach of federal money transmission laws. The club argued that the laws do not address decentralized protocols like Tornado Cash. They warned against stretching statutory language to cover novel technologies, emphasizing the need for regulatory adaptation to DeFi technologies.

According to the “Bitfinex Alpha” report, Bitcoin could potentially reach a peak of $290,000 in early 2026 if it follows the price action seen during the 2017 bull run. Historical price patterns, institutional adoption, and key technical indicators are factors contributing to this projection. Market corrections have been more contained in the current cycle due…

Ethena Labs launched the USDtb stablecoin backed by BlackRock’s tokenized fund. The partnership was facilitated by Securitize, providing a stablecoin with a differentiated risk profile. USDtb is multichain and supported by major market makers. Ethena’s success with its algorithmic stablecoin USDe has positioned them as a leader in the stablecoin market.

The AlphaAVIV ratio has increased as Bitcoin reaches a new all-time high, indicating significant unrealized profits and a possible market cooldown.

The UK Financial Conduct Authority (FCA) is seeking public input on proposed regulations for the crypto sector to address issues like market abuse and fraud while promoting transparency and fair trading practices. The FCA aims to establish a trusted and sustainable crypto market in the UK, with a draft regulation expected in 2025 and full…

Ripple is launching its US dollar-pegged stablecoin called RLUSD on Dec. 17 on XRP Ledger and Ethereum. Each token will be fully backed by US dollar deposits. It will be available on Uphold, Bitso, MoonPay, Archax, and CoinMENA initially, with plans to expand to Bullish, Bitstamp, and Mercado Bitcoin. Ripple will provide monthly attestations of…

Anchorage Digital has obtained a BitLicense from the NYDFS, allowing it to operate in the heavily regulated crypto market of New York. The license enables the firm to provide institutional clients with secure trading environments, deep liquidity, and competitive fees, aligning with the growing demand for regulated crypto solutions among financial institutions. Anchorage Digital’s focus…