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Ledger CEO Addresses Community After $484,000 Crypto Exploit
In a recent security incident, Ledger, the popular hardware wallet manufacturer, faced an exploit on its Ledger Connect Kit. Ledger CEO Pascal Gauthier issued a statement recently, shedding light on the incident and the immediate actions taken to mitigate the exploit. The hacker stole over $484,000 worth of cryptocurrencies. The exploiter was also moving ETH......
JPMorgan Believes Ethereum Will Outshine Bitcoin in 2024; Here’s Why
JPMorgan released its 2024 cryptocurrency outlook this week, providing an analysis of expected price performance and adoption trends across various digital assets. While expressing caution broadly towards crypto markets, analysts highlighted Ethereum's coming transition as a potential bright spot. Key highlights: Ethereum price expected to outperform Bitcoin based on Ethereum merge upgrades. Regulatory approval of......
🥛 ETH supply reaches a new low 🔥
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SushiSwap And Other dApps Exploited Through Ledger Connect Vulnerability
Several major dApps, including SushiSwap, have been affected by a malicious attack targeting Ledger’s API kit, according to industry sources. The exploiting of vulnerabilities in Ledger’s code has enabled attackers to inject harmful JavaScript into widely-used DeFi interfaces. The attack appears to originate from the compromised ledger API, allowing code injection. SushiSwap, Zapper, and RevokeCash......
Bitcoin Will Surge Above $80,000 in 2024, Bitwise Predicts
Digital asset investment firm Bitwise outlines 10 likely crypto developments in 2024, pointing to factors like Bitcoin halving, rising institutional involvement, and surging adoption of blockchain technology applications. Bitcoin Setting New Highs Bitwise predicts Bitcoin will reach over $80,000 in 2024, beating its previous all-time high. This would be fueled by a spot bitcoin ETF......
🥛Forget prices, let’s talk use cases 👀
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FASB: Crypto Must Be Recorded At Fair Value Starting 2025
Companies holding significant Bitcoin or Ethereum will soon record the full turbulence of their crypto investments. This is after the Financial Accounting Standards Board published the long-awaited accounting changes recently. Rules requiring "fair value" treatment take effect in 2025; earlier adoption is allowed. It will capture crypto's extreme highs and lows instead of just downward......
Coinbase to Launch Crypto Spot Trading Beyond the U.S.
Coinbase Global is expanding its international cryptocurrency exchange platform to offer spot trading of top coins like Bitcoin and Ethereum. The new spot crypto trading pairs with the USDC stablecoin and will be launched on Thursday, according to Bloomberg. The launch initially focuses on institutional investors. The move comes as Coinbase and other major crypto......
3AC Founder Zhu Su Set to Be Released This Month
Nearly one and a half years after the implosion of prominent crypto hedge fund Three Arrows Capital (3AC), co-founder Su Zhu faced intense questioning this week in a Singapore courtroom. The liquidators sought answers surrounding the firm's dramatic collapse. Zhu was questioned over two days about the details of 3AC's failure and the location of......
El Salvador’s $1M Bitcoin Freedom Visa Expected to Sell Out By Year End
Just one week after its launch, the novel Bitcoin "Freedom Visa" residency program by El Salvador has already received hundreds of inquiries and applications. The latest updates are according to the details shared with CoinTelegraph. $1 million visa grants residency and a pathway to citizenship for 1,000 applicants. Hundreds of inquiries have been received since......
