Cardano price analysis: ADA continues bearish run below $0.40 demand zone

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• CoinEx faces a major security breach with $27 million estimated loss

  TL;DR Breakdown CoinEx experienced a significant security breach on September 12, with large outflows to an unknown address. Blockchain security platform Cyvers Alerts estimated the breach’s financial impact at $27 million. At 5:25 p.m. UTC, CoinEx acknowledged the unusual activity via a tweet and stated that they had set up a dedicated team to investigate the matter.   Description CoinEx, a renowned cryptocurrency exchange, recently faced an alarming security breach. On September 12, the exchange witnessed massive outflows to a previously inactive address. Experts in the field quickly raised red flags, suspecting a potential hack. Cyvers Alerts, a trusted blockchain security platform, estimated the damage at a staggering $27 million. Around 1:21 p.m. UTC, … Read more CoinEx, a renowned cryptocurrency exchange, recently faced an alarming security breach. On September 12, the exchange witnessed massive outflows to a previously inactive address. Experts in the field quickly raised red flags, suspecting a potential hack. Cyvers Alerts, a trusted blockchain security platform, estimated the damage at a staggering $27 million. Around 1:21 p.m. UTC, a significant transaction took place where a recognized…

  Article 2023年9月13日

• North Korean hackers drain Japan of $721 million in cryptocurency: Report

  TL;DR Breakdown According to an Elliptic study, north Korean hackers reportedly stole $721 million in crypto from Japan between 2017 and 2022, contributing to 30% of global losses. Japan and Vietnam were prime targets due to weak security and thriving crypto markets, leading to significant losses like the $51.4 million from Zaif in 2018. These hacks help North Korea generate foreign currency under international sanctions, with major attacks also hitting the US and Hong Kong, causing losses of $497 million and $281 million, respectively. As cybercrime continues to threaten global security, a new wave of cyberattacks linked to North Korea has been stealing headlines, with Japan being one of the hardest hit. According to a study conducted by the U.K.-based blockchain analytics firm Elliptic, the rogue state’s hacking groups have been implicated in the theft of a staggering $721 million in cryptocurrency assets from Japan alone between 2017 and 2022. The value of the stolen digital assets from Japan amounts to approximately 30% of worldwide losses attributed to North Korean-affiliated cyberattacks. In a grim comparison, the Nikkei Asia report highlights…

  Article 2023年5月19日

• China unviels white paper to foster web3 development

  TL;DR Breakdown China has released a roadmap for web3 development, investing 100 million yuan annually until 2025 in Beijing’s Chaoyang district. Recent signs, including a state-broadcasted Bitcoin segment, suggest a potential change in China’s cryptocurrency policy. The white paper’s release interestingly coincides with new cryptocurrency regulations in Hong Kong, hinting at evolving regional dynamics. China’s complicated relationship with the cryptocurrency industry has undergone a drastic twist. On May 27,  Beijing’s municipal government showcased a white paper heralding a commitment to accelerating the web3 industry’s growth. The paper spotlights various research areas in the web3 industry, taking in artificial intelligence (AI), content production tools, and XR interactive terminals. It also heralds the swift evolution of novel applications, such as digital populations and collections, while highlighting the need for adaptive policy reforms to surmount inherent developmental challenges. Zhongguancun Chaoyang Park, colloquially termed China’s Silicon Valley, will serve as the launch pad for these bold digital strides. The area’s Management Committee Director, Yang Hongfu, confirmed plans to commit no less than 100 million yuan (roughly $14 million) annually until 2025 to underpin this…

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• Australia’s ANZ boosts cross-chain power with Chainlink

  TL;DR Breakdown Australia’s ANZ bank collaborates with Chainlink, advancing its capabilities in the blockchain sphere. ANZ successfully completes a transaction using its A$DC stablecoin and Chainlink’s Cross-Chain Interoperability Protocol (CCIP). The move builds on knowledge from a prior initiative aiming to test blockchain interoperability with global banking giants. Description ANZ is not waiting around. As one of the juggernauts in Australia’s banking sector, ANZ has launched another daring move, this time venturing deep into the blockchain universe. With the impressive completion of a transaction harnessing tokenized assets, ANZ is demonstrating it’s not just here to play; it’s here to lead. Breaking Boundaries: From Traditional … Read more ANZ is not waiting around. As one of the juggernauts in Australia’s banking sector, ANZ has launched another daring move, this time venturing deep into the blockchain universe. With the impressive completion of a transaction harnessing tokenized assets, ANZ is demonstrating it’s not just here to play; it’s here to lead. Breaking Boundaries: From Traditional to Tech-forward ANZ has recently made waves by conducting a transaction involving its A$DC stablecoin, coupled with Chainlink‘s…

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• Exclusive: Do Kwon remains in handcuffs likely to face up to 6 months behind bars

  TL;DR Breakdown Cryptopolitan, on good authority, brings you the inside happenings at Do Kwon’s hearing in Montenegro.  Do Kwon will reportedly be taken into extradition custody in Montenegro as the courts consider handing him over to South Korean authorities. The sun has set down on Do Kwon, and it’s not a fun affair. Sources present in court have informed Cryptopolitan that Do Kwon will remain behind bars for a while. According to reports, Do Kwon is to remain in Montenegro custody for six months while the country’s courts consider an extradition request from South Korea. All goes against Do Kwon favor In March, the South Korean national and colleague Terra executive Han Chang-Joon were arrested in Montenegro for allegedly possessing forged documents. South Korean officials were already on the hunt for Do Kwon, and after his detention, both South Korea and the United States requested his extradition. Kwon is also facing potential imprisonment in Montenegro for document forgery. A few hours ago, Do Kwon appeared in court, and here is part of his footage. What remains clear is that Montenegro’s…

  Article 2023年6月19日