Top crypto tweets of the day – August 30th

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• North Korea’s Lazarus Group suspected in $55 million CoinEx hack

  TL;DR Breakdown North Korea’s Lazarus Group is suspected to be behind the recent $55 million hack of cryptocurrency exchange CoinEx, according to blockchain security firm SlowMist and on-chain investigator ZachXBT. The hack has raised concerns about the vulnerabilities in the crypto ecosystem, adding to nearly $1 billion lost to cyber exploits since January 2023, as reported by cybersecurity firm CertiK. CoinEx has temporarily halted deposits and withdrawals and assured full compensation to affected users, highlighting the need for more robust security measures in the crypto industry. Description In a startling revelation, North Korea’s Lazarus Group is believed to be the mastermind behind the recent $55 million hack of cryptocurrency exchange CoinEx. The suspicion was confirmed by blockchain security firm SlowMist and on-chain investigator ZachXBT, who found a link between the CoinEx hack and a previous attack on betting platform Stake.com. Both attacks … Read more In a startling revelation, North Korea’s Lazarus Group is believed to be the mastermind behind the recent $55 million hack of cryptocurrency exchange CoinEx. The suspicion was confirmed by blockchain security firm SlowMist and on-chain…

  Article 2023年9月14日

• Paradigm files amicus brief rejecting SEC’s lawsuit against Bittrex

  TL;DR Breakdown Paradigm has published an amicus brief in the U.S. Securities and Exchange Commission’s (SEC) lawsuit against Bittrex The investment firm says that the SEC lawsuit should be dismissed for lack of a proper regulatory framework Description Paradigm, a crypto investment firm, has published an amicus brief concerning the Bittrex lawsuit by the U.S. Securities and Exchange Commission’s (SEC) lawsuit. The firm has rejected the regulator’s “unsupported attempt” in its crypto secondary market’s effort to expand its jurisdiction.  Paradigm says SEC lawsuit should be dismissed The SEC case against U.S.-based cryptocurrency exchange … Read more Paradigm, a crypto investment firm, has published an amicus brief concerning the Bittrex lawsuit by the U.S. Securities and Exchange Commission’s (SEC) lawsuit. The firm has rejected the regulator’s “unsupported attempt” in its crypto secondary market’s effort to expand its jurisdiction.  Paradigm says SEC lawsuit should be dismissed The SEC case against U.S.-based cryptocurrency exchange Bittrex should be “dismissed,” according to the firm’s special counsel Rodrigo Seira, who shared his thoughts in a thread on Twitter on July 11 following Paradigm’s filing of the…

  Article 2023年7月12日

• Dormant wallet springs back to life; moves pre-mined Ethereum stash worth $116m

  TL;DR Breakdown A previously dormant crypto wallet transferred over 61,000 Ether (ETH), worth $116 million, to a wallet linked to the Kraken exchange. Acquired during the 2014 Ethereum ICO, the tokens, known as ‘whale’ due to the massive volume, may hint at the owner’s intention to sell, stake, or diversify. The significant transfer showcases the benefits of ‘hodling,’ an investment strategy focusing on long-term crypto accumulation, and echoes a trend of large token movements to exchanges this year. Description A historic crypto transaction occurred a few hours ago when a crypto wallet transferred over 61,000 Ether (ETH), currently worth $116 million, after a long slumber of eight years. This dormant account awoke with a splash, stirring the crypto community with speculation and curiosity. Journey of a dormant giant The crypto wallet, 0x8b, had been … Read more A historic crypto transaction occurred a few hours ago when a crypto wallet transferred over 61,000 Ether (ETH), currently worth $116 million, after a long slumber of eight years. This dormant account awoke with a splash, stirring the crypto community with speculation and…

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• ECB’s conundrum: To raise rates or not to raise rates?

  Description The corridors of the European Central Bank (ECB) have been echoing with one critical debate recently: should they hike the interest rates yet again? It’s a double-edged sword, and the pressure is palpable. A Fractured Consensus Last year, the consensus was evident. The ECB, aiming to stifle inflation, had incrementally hiked rates by 4.25 percentage … Read more The corridors of the European Central Bank (ECB) have been echoing with one critical debate recently: should they hike the interest rates yet again? It’s a double-edged sword, and the pressure is palpable. A Fractured Consensus Last year, the consensus was evident. The ECB, aiming to stifle inflation, had incrementally hiked rates by 4.25 percentage points since July 2022. But now, the very fabric of that consensus seems to be unraveling. With whispers of a looming eurozone recession becoming louder and the annual price growth now a mere shadow of its former 10.6% self, the unified direction of the bank’s trajectory seems to be on shaky grounds. Within the inner sanctum of the bank, the governors appear divided. While some are…

  Article 2023年9月13日

• Binance flips decision on privacy coins in Europe amid regulatory changes

  TL;DR Breakdown Binance, a leading cryptocurrency exchange, reversed its earlier decision to delist certain privacy coins in Europe, amidst increasing regulatory requirements. The initial move to delist privacy coins was triggered by the European Union’s new Markets in Crypto Assets (MiCA) regulation, which requires increased transparency and information sharing for crypto transactions. Despite initial concerns, the MiCA regulations have been largely welcomed by the crypto industry, including companies like Ripple, for providing clear rules for digital assets. Description Binance has reversed its plan to remove certain privacy coins from its European markets. This decision was made amidst increasing regulatory scrutiny and demands. Binance had previously planned to stop trading services for 12 privacy-focused cryptocurrencies, including well-known ones like Monero, Dash, and Zcash, as well as lesser-known tokens such as XVG and SCRT. This would have affected users … Read more Binance has reversed its plan to remove certain privacy coins from its European markets. This decision was made amidst increasing regulatory scrutiny and demands. Binance had previously planned to stop trading services for 12 privacy-focused cryptocurrencies, including well-known ones like Monero, Dash, and Zcash, as well as lesser-known…

  Article 2023年6月29日