China News Daily TheBitTimes.com

“On the table is a bounty equivalent to 10% of users’ funds taken from them by your hack,” said KyberSwap to its hacker in an on-chain message. The decentralized exchange KyberSwap has offer ed a 10% bounty reward to the hacker who stole $46 million on Nov. 22 and left a note of negotiation. The exchange wants 90% of the loot return ed by 6 am UTC on Nov. 25. On Nov. 23, KyberSwap alerted users that its liquidity solution, KyberSwap Elastic, was compromised and advised them to withdraw funds. In the meantime, on Nov. 22, the hacker made away with roughly $20 million in Wrapped Ether (wETH), $7 million in wrapped Lido-staked Ether (wstETH) and $4 million in Arbitrum (ARB) tokens. The hacker then siphoned the loot across multiple chains, including Arbitrum, Optimism, Ethereum, Polygon and Base. KyberSwap hacker shared his openness to negotiate a compromise. Source: etherscan.io After hiding the stolen funds, the hacker wrote an on-chain message directed to KyberSwap developers, emplo...

"Huobi HTX has now properly handled this attack," the crypto exchange stated. Crypto exchange HTX, formerly Huobi Global, will resume deposits and withdrawals within 24 hours after suffering a $13.6 million exploit on Nov. 22. According to its official announcement, the exchange promised to "fully compensate for the losses caused by this attack and 100% guarantee the safety of user funds." In addition, developers wrote, "the amount of funds lost by Huobi HTX this time accounts for a very small amount of the total funds of the platform," noting that the "normal operations" of HTX were not affected by the incident.  The day prior, Huobi suffered a $13.6 million hack to its exchange hot wallets as part of an orchestrated $86.6 million attack against the HTX Eco (HECO) Chain bridge, consisting of HTX, Tron (TRX), and BitTorrent (BTT). All three entities are linked or de-facto controlled by Chinese blockchain entrepreneur Justin Sun.  Like previou...

JPMorgan’s blockchain platform JPM Coin has introduced programmable payment functionality for its institutional users. Multinational banking firm JPMorgan has rolled out a program mable payment feature for institutional users of its private blockchain platform JPM Coin. Naveen Mallela, who heads up JP Morgan’s bank-led blockchain platform Onyx, shared details of the new functionality on LinkedIn via an initial report from Bloomberg. According to Mallela, the programmable payments feature is now available to all its institutional clients. The capability is said to enable real-time, program mable treasury functionality and new digital business models. Mallela hailed the launch as a significant milestone in the evolution of JPM Coin and described the newly introduced program mability as the ‘holy grail’ for its blockchain platform . The Onyx team shared further details of the programmable payments feature in correspondence with Cointelegraph. Onyx and JPM Coin note that this featur...

The Bored Ape Yacht Club’s official Twitter account said an investigation confirmed suspicions that UV lights were the likely cause of the reported eye and skin issues suffered by some attendees. Ultraviolet (UV) lights were the likely culptit behind the reported vision loss, eye pain and skin issues for at least 15 attendees of Yuga Labs’ ApeFest event in Hong Kong last week, the nonfungible token (NFT) conglomerate has confirmed. On Nov. 5, attendees began reporting eye and skin-related issues after attending ApeFest the day before — which was a free event for Bored and Mutant Ape Yacht Club owners held in Hong Kong. In a Nov. 9 X (Twitter) post, Yuga’s Bored Ape Yacht Club (BAYC) account confirmed that “UV-A emitting lights installed in one corner of the event was likely the cause of the reported issues .” The BAYC said the determination came following a joint investigation with Jack Morton Worldwide, the agency that produced ApeFest, which conducted on-site inspections, testing, ...

Investors will likely see Bitcoin surge even more when a spot Bitcoin ETF is approved, but other factors are needed for the rally to sustain, warn analysts. While the approval of a spot Bitcoin (BTC) exchange-traded fund (ETF) will likely spike the price of Bitcoin, some analysts are concerned it won’t be enough to fully thaw the markets from its winter chill.  On Oct. 24 Bitcoin staged its largest single day rally in over a year, surging more than 14% on the news that the ticker of BlackRock’s spot Bitcoin ETF — IBTC — had been listed on the Depository Trust & Clearing Corporation (DTCC) website, something markets understood as a positive step forward for the funds’ application. The surge turned out to be even stronger than that of oOct. 16, when Cointelegraph’s incorrect tweet that suggested a spot Bitcoin ETF had been approved. Speaking to Cointelegraph, pseudonymous trader TheFlowHorse — who boasts 184,000 followers on X — said that the two market blips can be seen as a hint ...

MultiBank Group’s regulated crypto exchange, MultiBank.io, offers top-tier security and swift trade execution for major cryptocurrencies with free fiat deposits. The crypto world is volatile, with users steadily seeking a sense of trust and security. Now, a traditional finance giant, MultiBank Group, wants to change the global perception of crypto for the better with its know-how and expertise spanning over two decades. It’s hard to claim that the crypto world is known for its stability or reliability. However, trust in the market experience d a new low when FTX, a top United States-based ex change , went down in flames with smoke surrounding the remaining centralized ex change s. Trust and security have become the most sought-after commodities in the space. A whole year has passed since what’s called the “crypto’s Lehman Brothers moment.” This period of increased concern about the state of the cryptocurrency market has coincided with heightened regulatory scrutiny. Consequently, man...

Uniswap’s founder burned $650 billion of HayCoin, amounting to 99% of the token’s supply. Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week. The past week in DeFi was filled with bullish resurgences for many projects , but it was the Uniswap founder’s $650 billion HayCoin (HAY) burn — 99% of the token supply — that grabbed headlines. In other news, a new report highlighted that 85% of the rug-pulled DeFi projects in Q3 didn’t report an audit, and the largest DeFi protocol on Solana has shut down its United Kingdom operations due to strict regulations imposed by the Financial Conduct Authority (FCA). The top 100 DeFi tokens had a bullish week, with most of the tokens trading in green with double-digit weekly gains. 85% of crypto rug pulls in Q3 didn’t report audits: Hacken Cryptocurrency rug pulls are not too difficult to spot by investors, as the...

The freeze resulted from a collaboration between Atomic Wallet, forensic companies and centralized exchanges following reports from users claiming unauthorized transactions from their wallets. Hacked cryptocurrency wallet Atomic Wallet has frozen $2 million in “suspicious deposits” in a joint effort with major crypto exchanges . Announcing the news to Cointelegraph on Oct. 19, Atomic Wallet said that blockchain intelligence firms Chainalysis and Crystal have assisted the wallet firm in identifying and containing the threat. Citing reports from Chainalysis and Crystal, Atomic Wallet reported that the “threat actor” used sophisticated methods to bridge the funds to the Bitcoin blockchain, including bridges and mixers. “Most funds have ultimately ended up on the Tron blockchain and Bitcoin network,” the report reads. The report specifically mentioned that the funds were bridged through the Avalanche bridge and then to the Tron blockchain. “Atomic Wallet extends heartfelt gratitude to the...

Bloomberg ETF analysts raised their odds for a spot Bitcoin ETF approval after the recent Grayscale victory against the SEC. Bloomberg analysts have raised the probability for an approved spot Bitcoin exchange-traded fund (ETF) by the end of 2023, following a recent Grayscale victory against the federal securities regulator. In a Aug. 30 post on X (Twitter), Bloomberg senior ETF analyst Eric Balchunas said they have raised the chances to 75% from an earlier 65% — due to the unanimity and decisiveness at which the United States Court of Appeals Circuit reached its decision in the recent case. “The judges unanimously repudiated the SEC’s arguments, and the agency will struggle to justify further denials as it faces deadlines,” Bloomberg analysts James Seyffart and Elliot Stein added in a separate Aug. 30 note. NEW: @JSeyff & I are upping our odds to 75% of spot bitcoin ETFs launching this yr (95% by end of '24). While we factored Grayscale win into our prev 65% odds, the una...

Analysts predict that Bitcoin’s next pre-halving rally could begin in the next four months. The upcoming Bitcoin (BTC) halving is set to blow fresh wind in the sails of Bitcoin-focused stocks such as Michael Saylor founded tech firm MicroStrategy. In a research note shared with Cointelegraph, New York-based investment firm Berenberg Capital Markets explained its reasons for a bullish outlook on MicroStrategy (MSTR), which Berenberg has given a $430 price target. According to the analysts, MicroStrategy derives the bulk of its value from the 152,333 Bitcoin it held on its books as of June 28, adding that a Bitcoin halving rally could see its shares gain significantly in price. “[It] is our expectation that the price of Bitcoin will repeat its historical pattern of rallying both ahead of and following each Bitcoin halving.” The Bitcoin halving , which is scheduled for April 26, 2024, reduces the BTC issuance rate by 50%, significantly dampening the velocity at which new Bitcoin enter...

Major crypto exchange Kraken identified an issue with crypto funding gateways, including BTC, ETH and ERC20, as users experience delays in deposits and withdrawals. The cryptocurrency exchange Kraken reportedly says that it's currently investigating an issue with several crypto funding gateways, including major ones such as Bitcoin (BTC), Ethereum (ETH) and ERC20.  On June 6, Kraken’s status page said, “Deposits and withdrawals are currently delayed. We will provide any updates as soon as possible.” The first notice was posted around 07:44 UTC, followed by two updates saying they are continuing to “work on a fix” for the issue . The status page did not make clear what is causing the issue . This is a developing story, and further information will be added as it becomes available. Source: https://thebittimes.com/kraken-experience-delays-in-deposits-and-withdrawals-amid-gateway-issues-tbt50047.html?utm_source=blogger_source&utm_medium=blogger_medium&utm_campaign=blogger...

Over the past year, Circle's USD Coin has seen its market share decline from 34.88% to 23.05%. Tether's USDT shows a contrasting picture. The market dominance of stablecoins pegged to the United States dollar has undergone some changes over the past year. While most of them are in a downward trend, Tether (USDT) has climbed back to its all-time high, data from CoinGecko shows. In the past 12 months, Circle's USD Coin (USDC) has seen its market share decline from 34.88% to 23.05% at the time of writing. Market participation of Binance USD (BUSD) plunged from 11.68% to 4.18% in the same period, while Dai (DAI) held its participation rate at 3.66%, down from 4.05% in May 2022. Tether's USDT is moving in a contrasting trend. The stablecoin market dominance currently sits at 65.89% from 47.04% one year ago. Its market capitalization soared to $83.1 billion, while the USDC market cap dropped to $29 billion from its $55 billion peak. In a recent interview with Bloomberg, ...

Ledger CEO Pascal Gauthier says the past week has been a “humbling experience” and apologized for the firm’s “miscommunication.” Hardware wallet company Ledger is postponing the launch of Ledger Recover following an intense week of criticism from the crypto community. In a May 23 Twitter Spaces joined by over 13,000 users, Ledger chairman and CEO Pascal Gauthier said it has been a “humbling experience” and a hard lesson in communication: “This experience has been very humbling. We miscommunicated on the launch of this product; it was not our intention to take people by surprise. So because of that, we understand the community’s direction and apologize for the miscommunication.” Gauthier revealed that in response to concerns, the firm would be accelerating its plans to open- source more of its codebase. It will start with core components of its operating system and Ledger Recover, which he stated: “won’t be released until this work is complete.” Screenshot of tweet from Pascal Gauthie...

Notable venture capital firms such as Animoca Brands and Binance Labs took part in the funding round. Tabi, the nonfungible token marketplace previously as Treasureland, has completed a $10 million angel funding round, the BNB Chain-based platform announced on May 10. The funding was seeded by venture capital firms Animoca Brands, Binance Labs, Draper Dragon, Hashkey Capital, Infinity Crypto Ventures and Youbi Capital. Individual investors include Bo Feng of Dragonfly Capital, Riyad AD of Saudi Arabia, and Suji Yan of Mask Network. According to developers, the funds will be primarily used to develop Tabi’s gaming ecosystem and construct its upcoming on-chain identity protocol. Aside from its NFT trading and launchpad Features , Tabi converts users’ on-chain activities into “experience points,” which can be exchanged for future airdrop rewards and earnings. The protocol also contains a gaming platform that aggregates blockchain game transactions and entertainment.  In addition, Ta...

The exchange said that all deposits and and withdrawals are temporarily suspended as it performs emergency server maintenance. South Korean crypto exchange GDAC has been hacked for approximately $13.9 million worth of crypto. The exchange has halted all deposits and withdrawals and is performing emergency server maintenance in response to the attack, according to an April 10 announcement from GDAC CEO Han Seunghwan. Notice on #GDAC Exchange Hack Alert️ GDAC Exchange has officially announced that it has experienced a security breach Please refer to the official announcements made by the Exchange ️GDAC Announcement: https://t.co/SNRFZTMEYg WEMIX Medium: https://t.co/7UIwyua72K — WEMIX (@WemixNetwork) April 10, 2023 According to the announcement, the attacker gained control of some of the exchange’s hot wallets on the morning of April 9, and at 7 a.m. Korean Standard Time began moving crypto into wallets under the attacker's control. Around 61 Bitcoin (BTC), 350.5 Ether (ETH), 1...

With a new quarterly production record, Marathon Digital is now on track to meet its mid-year target of 23 exahashes. Bitcoin (BTC) Mining firm Marathon Digital reported a quarter ly record of 2,195 BTC mined over the first quarter of 2023, currently worth around $62 million. Marathon explained in an April 3 update that the 2,195 mined BTC is a 74% increase from the first quarter of last year and a 41% increase from Q4 2022. It comes on the back of the miner increasing its operational Hash Rate by 195% from Q1 2022. Marathon also recorded a monthly record of 825 BTC mined in March — currently valued at around $23.3 million — and marked a 21% production increase from February. $MARA's March Production Update is here: - Increased #Bitcoin Production 21% MoM - Produced a Record 825 BTC in March ’23 - Produced a Record 2,195 BTC in Q1 ’23 - Increased Hash Rate 64% in Q1 ’23 (11.5 EH/s) - Reported Unrestricted Cash and Cash Equiv. of $124.9M - Increased… pic.twitter.com/Jc1ACI2kY2 —...

The ministry’s panel will reportedly focus on developing a framework for a central bank digital currency based on a technical study carried out by the Bank of Japan over the past two years. Japan's Finance Ministry is planning to establish an expert panel in April to explore the feasibility of introducing a digital yen, Japanese news outlet NHK reported.  According to the report, the ministry’s panel will focus on the creation of a framework for a central bank digital currency (CBDC) and will refer to a technical study conducted by the Bank of Japan (BOJ) over the past two years. The ministry intends to use the findings from the expert panel to prepare for the possible issuance of a digital yen. CBDCs are digital versions of traditional currencies, such as the U.S. dollar, yen and euro, issued and backed by central banks. Unlike cryptocurrencies, which purport to be decentralized and not backed by any government or central authority, CBDCs are issued by a central bank and ope...

Discover the top seven cybersecurity jobs in high demand: from security analyst to information security manager and more. In today’s digital age, cybersecurity has become a critical aspect of almost every business. Cyber threats are increasing daily, and businesses must take proactive measures to protect their networks and data. As a result, the demand for cybersecurity professionals has skyrocketed. Little Friday humour #meme # cyber security @hackurityio pic.twitter.com/MArEpCh03k — Harold De Vries (@devries_harold) February 17, 2023 In this article, we will discuss the top seven cybersecurity jobs that are in high demand. Cybersecurity analyst A cybersecurity analyst is responsible for identifying and mitigating cyber threats to an organization’s network and data. They examine system logs and network traffic to find and fix security holes. Additionally, they create and implement security policies and processes to defend the company against future cyberattacks. Cybersecurity...

The "Kimchi premium" has flipped to discount again, and could be saying something about crypto market sentiment, at least in South Korea. South Korea’s "Kimchi premium" has flipped to a discount again, meaning cryptocurrencies such as Bitcoin are now cheaper to buy on South Korean exchanges. The phenomenon is named after the Korean dish kimchi. The Kimchi premium refers to when the price of Bitcoin (BTC) trades higher on South Korean exchanges than in other markets. According to data from blockchain analytics provider CryptoQuant, the Korea Premium index has been shifting between the -0.24 and 0.01 range between Feb 17 and 19. The Korea Premium index has been shifting between the -0.24 and 0.01 range between Feb 17 and 19. Source: CryptoQuant. As of writing, data on CoinMarketCap shows BTC is trading at roughly $24,464 on Coinbase and $24,487 on Binance. In comparison, Korean exchange Bithumb has it listed at $24,386 and one of the largest exchanges in South Korea ...

Ava Labs CEO has condemned players that jump into every single new coin offering or token in the hopes that they will go up. Emin Gün Sirer, creator of the Avalanche Consensus protocol and Ava Labs CEO, believes that there is one very straightforward method to spot a long-standing cryptocurrency project. On Feb. 7 ​​Sirer discussed blockchain venture capital and crypto regulation in a fireside chat with MarketAcross chief operations officer Itai Elizur at the Web3 builder-focused event, Building Blocks 23. During the discussion, the Avalanche founder pointed out the crucial role of “staying power” in the crypto industry, condemning players that run from one project to another or jump into “every single new coin offering” in the hopes that they will go up. According to ​​Sirer, the desire to reap quick profits from crypto will only turn the space into a terrible thing, and VCs are not to blame. “I will tell you who’s to blame; it’s us,” ​​Sirer declared, urging the community to supp...