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North Korean hackers, known as UNC4736 or Citrine Sleet, stole $50 million from Radiant Capital, a DeFi platform, in a sophisticated cyberattack. The breach began on September 11 when malware was delivered to a Radiant developer via a fake Telegram message from a trusted source. The malware spread to other developers, granting the attackers access to private keys and allowing them to manipulate smart contracts. The hackers drained cryptocurrencies, including USDC, ETH, and BNB, converting them into Ethereum and Binance Coin. Radiant halted its operations after detecting the breach on October 16. Despite using advanced security tools, the attack exploited gaps in verification processes, exposing vulnerabilities in DeFi platforms. The incident highlights ongoing risks posed by North Korean state-backed cyber groups, which have stolen over $3 billion in cryptocurrency for government programs since 2017
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Polish authorities have arrested a Russian executive running the cryptocurrency exchange Bitzlato on charges of fraud and money laundering. Bitzlato is accused of facilitating illicit financial transactions, including enabling cybercriminals to launder funds through its platform. The exchange allegedly processed millions of dollars in suspicious transactions by circumventing anti-money laundering protocols.
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BlackRock Leads Crypto Market with Record Spot Bitcoin ETF Inflows BlackRock’s spot Bitcoin ETF has set a new benchmark in the cryptocurrency market, recording over $570 million in daily inflows. This surge is the largest seen in the ETF sector in months, signaling renewed confidence from institutional investors in Bitcoin as a reliable asset. The success of BlackRock's product underscores the growing demand for regulated investment vehicles that provide direct exposure to Bitcoin. It also reflects broader market optimism as Bitcoin reaches historic highs, breaking the $100,000 barrier. Analysts credit the influx of capital to increasing acceptance of cryptocurrencies among traditional finance players, alongside a favorable regulatory outlook for ETFs. This milestone reinforces BlackRock’s dominance in the crypto ETF space and highlights the increasing integration of digital assets into mainstream financial systems. With Bitcoin’s rising popularity, spot ETFs are expected to play a pivotal role in…
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Russia Proposes Ending Electricity Subsidies for Crypto Mining The Russian government is advancing legislation to eliminate electricity subsidies for cryptocurrency miners by reclassifying mining as an industrial activity. This would subject miners to significantly higher energy costs, particularly in regions like Siberia, where low electricity rates have made mining highly profitable. Officials argue the changes are necessary to address concerns over energy consumption and to ensure fair resource distribution across the national grid. This proposal is part of broader efforts to regulate the rapidly growing crypto mining sector, which has benefited from Russia's cold climate and affordable energy. Critics warn that higher costs could push miners to relocate to other countries, weakening Russia's position as a major global mining hub. Additionally, there are fears that the policy could encourage unregulated underground mining, complicating enforcement and oversight.
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Bitcoin Breaks $100,000 Milestone for the First Time Bitcoin has reached an all-time high, surpassing the $100,000 mark for the first time in its history. This milestone comes after a 126% rally since January, driven by strong demand for spot Bitcoin ETFs and anticipation surrounding Bitcoin's upcoming halving event in April 2024. The surge has been amplified by growing institutional interest, with BlackRock's spot Bitcoin ETF leading the market with over $570 million in daily inflows​ The psychological breakthrough of $100,000 has reignited optimism in the cryptocurrency market, boosting Bitcoin's dominance over altcoins. Analysts predict that the price could continue its upward trajectory as it enters "price discovery" mode, seeking new resistance levels​ This achievement underscores Bitcoin’s resilience and its growing acceptance as a mainstream asset class, despite regulatory challenges and market volatility.
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Supra's mainnet officially launched today, positioning itself as a cutting-edge Layer-1 blockchain designed for the next generation of "super dApps." Its ecosystem integrates essential Web3 services like oracles, cross-chain bridges, and verifiable randomness into a unified, scalable platform. The mainnet features high-speed performance, including throughput of over 500,000 transactions per second and sub-two-second finality, making it ideal for complex decentralized applications like GameFi, DeFi, and high-volume payment systems. To foster innovation, Supra has introduced the "Super dApp Showdown," a developer competition with access to a $100 million ecosystem fund. This aims to attract top-tier projects and entrepreneurs while showcasing their solutions on platforms like the reality show Killer Whales. The competition promises exposure to millions of viewers and financial support, amplifying Supra's presence in the Web3 space.
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Only network specialists know this, but 127.0.0.1 is the reason for all the mistakes you do!
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Avalanche (AVAX) Surges Amid Growing Interest in Subnets Technology Avalanche (AVAX) is making waves in the crypto market, climbing 11% in value over the past 24 hours. This surge is attributed to increasing adoption of its subnets technology, a key feature designed to enhance the scalability and efficiency of decentralized applications (dApps). Subnets allow developers to create custom blockchain ecosystems within the Avalanche network, tailored to specific needs without compromising performance. This innovation has attracted interest from enterprises and developers seeking scalable solutions for Web3 applications. Recent high-profile collaborations and network upgrades have further boosted AVAX’s appeal. With the cryptocurrency market focusing on scalability and real-world use cases, Avalanche is positioning itself as a leader in next-generation blockchain solutions. Analysts believe this momentum could drive continued growth for AVAX, solidifying its place among top-performing altcoins​.
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Fantom’s Polter Finance Halted After Devastating Hack The DeFi project Polter Finance, operating on the Fantom blockchain, has suffered a severe exploit, forcing a temporary pause in operations. The hack reportedly resulted in substantial financial losses, raising fresh concerns about the vulnerabilities of decentralized financial systems. The attack seems to have been triggered by a mishandled token listing, which created exploitable loopholes. Analysts suggest that the project's smart contract infrastructure might have been inadequately audited, leaving it open to manipulation. Polter Finance has promised a full investigation and urged users to avoid interacting with its contracts until further notice​. This incident underscores the persistent risks associated with decentralized platforms, where even minor oversights can lead to catastrophic outcomes. It also highlights the importance of rigorous security measures and regular audits as DeFi continues to expand into mainstream financial applications.
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Bitcoin Nears $100,000 as Institutional Interest Surges Bitcoin has reached a new all-time high of $98,288, driven by significant activity in the "Bitcoin Industrial Complex." Institutional investments, including $32 billion in MicroStrategy-related trading, have played a pivotal role. Analysts predict a final push past the $100,000 mark, supported by record monthly stablecoin inflows totaling $9.7 billion. This level of liquidity could further propel Bitcoin’s price to unprecedented heights.
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Solana Gains Momentum, Surpasses Ethereum in Key Metrics Solana continues its upward trajectory, overtaking Ethereum in certain metrics, including on-chain activity and adoption. According to Nansen, Solana has become the leading blockchain in key areas, such as user engagement and decentralized application (DApp) transactions. This marks a significant milestone as Solana gains recognition for its speed, low transaction costs, and scalability compared to Ethereum​. The rise coincides with increased activity on Solana-based platforms, including new stablecoin initiatives like Sky's USDS launch, offering rewards to liquidity providers. Analysts also project Solana's price could hit $500 by the end of 2024, fueled by rising investor confidence and network expansion​ This growth highlights the blockchain’s potential to compete with Ethereum as the go-to platform for Web3 and decentralized finance (DeFi) applications, drawing developers and investors alike. However, sustained growth will depend on main…
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Ripple's SEC Challenge Sees Potential Shift Amid Leadership Changes The future of cryptocurrency regulation in the U.S. faces potential upheaval as rumors swirl about SEC Chair Gary Gensler's resignation. Gensler has been a polarizing figure in the crypto world, known for his stringent regulatory stance, particularly in high-profile cases like Ripple's legal battle. Ripple's Chief Legal Officer, Stuart Alderoty, publicly criticized Gensler, linking his leadership to the SEC's perceived failures in providing clear crypto guidelines. The speculation has intensified with discussions about Gensler’s successor and whether a new SEC head might adopt a more crypto-friendly approach. This comes at a critical time, as Republicans’ control of the House could bolster efforts to establish clearer crypto legislation, moving away from regulation by enforcement​ With XRP surging past $1 for the first time in years, the broader implications for the crypto industry hinge on these regulatory shifts. Observers are c…
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Can someone explain this new Farcaster Social token claim everyone seems to be posting? Is it fake version for Phaver Social, I don't see any official announcements about that.
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Chainlink and Microsoft Collaborate on Brazil’s Digital Currency Project Chainlink, Microsoft, and Banco Inter have joined forces to advance Brazil's central bank digital currency (CBDC) initiative, Drex. In the second phase of this pilot project, Chainlink’s Cross-Chain Interoperability Protocol (CCIP) and Microsoft’s cloud technology will play a pivotal role in enhancing trade finance automation. CCIP enables secure and seamless asset transfers across blockchain networks, simplifying complex processes in trade finance while reducing operational costs. By integrating these cutting-edge technologies, the collaboration aims to create a scalable and interoperable infrastructure for CBDC applications, potentially transforming how digital currencies are implemented globally. This partnership highlights the growing role of blockchain and tech giants in revolutionizing financial systems. It also demonstrates the potential for CBDCs to streamline transactions and drive innovation in emerging economies.
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Shaquille O'Neal Settles NFT Lawsuit for $11 Million NBA legend Shaquille O'Neal has agreed to an $11 million settlement to resolve a class-action lawsuit concerning the Astrals NFT project. The lawsuit alleged that Astrals, promoted by O'Neal, misled investors with unfulfilled promises about the project's digital assets. While O'Neal denied wrongdoing, the settlement closes his involvement in the legal battle. Astrals was a high-profile NFT initiative that aimed to deliver unique digital goods but fell under scrutiny for failing to meet expectations, leading to significant losses for some investors. This case underscores the increasing regulatory and transparency challenges in the NFT and broader crypto markets, as public figures continue to face accountability for their endorsements.
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NBA-legenda Shaquille O'Neal on päässyt sopimukseen 11 miljoonan dollarin suuruisessa oikeusjutussa, joka koski Astrals NFT -projektia. Sopimus lopettaa hänen osallisuutensa luokkakanteeseen, joka väitti Astralsin antaneen harhaanjohtavia lupauksia sijoittajille. O'Neal ei myöntänyt syyllisyyttä, mutta suostui maksamaan sovitun summan tapauksessa, joka nostaa esiin NFT-markkinoiden ja niihin liittyvien projektien juridiset haasteet. Astrals oli O'Nealin tukema NFT-projekti, joka lupasi tarjota innovatiivisia digitaalisia hyödykkeitä, mutta kohtasi kritiikkiä lupausten epäonnistumisesta ja sijoittajien menetyksistä. Tapaus korostaa NFT- ja kryptovaluuttamarkkinoiden sääntelyn ja läpinäkyvyyden tarvetta.
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Tether and Quantoz Payments launched MiCA-compliant stablecoins on November 18, 2024, aligning with Europe's Markets in Crypto-Assets (MiCA) framework. This enhances trust in stablecoins by adhering to EU regulations focusing on consumer protection and financial stability. Recent market data highlights $3.2 billion in USDT inflows, signaling strong demand for compliant stablecoins and boosting market liquidity.
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@phaverapp listened to your feedback! The introduction of Phaver perks for active users is a promising move forward! Give them a bit more time to address other concerns raised through your feedback.
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GreenMerc AB (publ) acquires 100 percent of the shares in Northcrypto Oy and becomes the market leader in cryptocurrencies in Sweden Through this strategic acquisition, GreenMerc strengthens its position as the leading player in the Swedish crypto market, now also in terms of sales. Northcrypto had sales of SEK 276 million below it first half of 2024, which can be compared with GreenMerc's sales of SEK 218 million for the same period. GreenMerc has previously held a leading position functionally and profitably, and this acquisition means that the company is now also the largest in terms of sales in the crypto sector in Sweden. Northcrypto reported a weak positive result and cash flow during the period. Owners representing approximately 98% of the shares in Northcrypto have signed the share transfer agreement. The remaining shareholders have not yet signed for practical reasons, but we expect this to happen shortly.
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Lens Protocol has released its V2 update on the Polygon blockchain, bringing significant improvements to user experience and content management. At the core of the update are profiles now based on ERC-6551 NFT functionality, granting users full ownership of their content. Additionally, the new version supports multisignature management for profiles, enhances privacy features, and introduces functionalities such as tipping directly on the blockchain. The update aims to strengthen Lens's position as a leader in decentralized social media. The new tools are particularly beneficial for content creators, offering better monetization opportunities and a more transparent reward system. Lens Protocol continues to respond to user needs, striving to make decentralized social media a competitive alternative to traditional platforms.
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