Ethereum traders say ETH price at risk of a deeper correction to $1.6K
Multiple analysts believe that Ethereum price is likely to touch new lows near $1,600.
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Binance CEO refutes report on $250M loan to BAM Management
Chanpeng Zhao, the CEO of Binance, said that the loan was the other way around, claiming that he was the one who lent $250 million to BAM Management. 68 Total views 2 Total shares Binance CEO Changpeng Zhao has disputed a recent report that claimed the executive took a $250 million loan from BAM Management

KyberSwap attacker used ‘infinite money glitch’ to drain funds — DeFi expert
The attacker who drained $46 million from KyberSwap relied on a “complex and carefully engineered smart contract exploit” to carry out the attack, according to a social media thread by Ambient exchange founder Doug Colkitt. Colkitt labeled the exploit an “infinite money glitch.” According to him, the attacker took advantage of a unique implementation of KyberSwap’s

Italy: Securities Regulator Issues Suspension to Crypto Investment Firm, Associated Crypto
Italy's national securities regulator, La Commissione Nazionale per le Società e la Borsa (CONSOB), has issued a notice suspending investment firm Tessline and its cryptocurrency liracoin. The news was reported by Cointelegraph Italy on June 4.In its notice, CONSOB stated that a series of entities and websites affiliated with both Tessline and liracoin are ordered…

Bitcoin mining revenue hits post halving yearly low
Daily revenue from Bitcoin mining dropped to under $3 million as opposed to the previous daily average of roughly $6 million in the first four months of 2024.

Istanbul to Berlin: Ethereum Milestones on the Road to Serenity
Earlier this month, the Ethereum Foundation team lead Péter Szilágyi confirmed the date of the network’s upcoming upgrade, Istanbul. Ethereum’s eighth hard fork overall and the second one this year is slated to take place on Dec. 4. Istanbul will introduce a number of improvements such as interoperability with Zcash, cheaper zero-knowledge layer two scalability solutions,…

Crypto Wallet Startup Ledger Detects Phishing Malware Targeting Desktop App
Hardware cryptocurrency wallet manufacturer Ledger has detected malware targeting its desktop application, according to a tweet on April 25.Ledger warned its users that the malware locally replaces the Ledger Live desktop app with a malicious one, and advised to follow security practices published on its blog. The company’s Twitter announcement specifically reads:“WARNING: we’ve detected a…

Bitcoin Surges Above $6,300, Hits Dominance Records From December 2017
Friday, May 10 — bitcoin (BTC) has seen another rally today, having surged above the $6,300 price mark and hit market dominance records from December 2017, according to data from CoinMarketCap.The major cryptocurrency is seeing the biggest gains out of the top 20 coins by market cap, up 4.4% over the past 24 hours at…

Institutions continue offloading BTC exposure despite price rebound
Bitcoin funds are still in decline as institutional sentiment remains bearish. 2087 Total views 20 Total shares Investments in institutional Bitcoin products have continued to decline this past week.In its July 26 Digital Asset Fund Flows report, CoinShares notes institutional crypto products have experienced outflows for the third consecutive week, with $28 million exiting the…