Author: News Room

In August 2022, the US Treasury Department’s Office of Foreign Asset Control (OFAC) imposed sanctions on Tornado Cash, prohibiting its usage for US citizens, residents, and companies. But this has not deterred hackers from moving stolen funds through the controversial crypto tumbler to obfuscate tracking. In fact, PeckShield’s latest update reveals that exploiters of the HECOBridge have moved over 40,391 ETH, valued at around $145.7 million, executing 19 outgoing transactions to Tornado Cash in the past 8 days. PeckShield Flags Tornado Cash Activity The HECO cross-chain bridge was exploited in November 2023. The compromised funds, comprising Ether, USDT, USDC, and…

Bitcoin slipped 5% below $65,000 Thursday, with the U.S. dollar resurging amid the Swiss central bank’s interest rate cut. XRP, FIL and ICP defied the slump, while SOL and AVAX declined. Bitcoin completed its correction by rebounding from $60,000 Wednesday and targeting “much higher levels” in the next phase of the uptrend, Swissblock analyst said. Bitcoin (BTC) slid lower Thursday amid a stronger U.S. dollar, giving up some of the advances from Wednesday’s spectacular bounce spurred by a dovish tone from the Federal Reserve. BTC dropped some 5% to as low as $64,600 by late afternoon UTC hours from above…

TL;DR The Napoli update on Polygon introduces support for RIP-7212, a Rollup Improvement Proposal that enhances interoperability with conventional technology. Napoli also includes improvements in block space efficiency and network security. This collaboration underscores the importance of Layer 2 solutions for Ethereum’s mass adoption. Polygon’s recent Napoli update marks a significant milestone in the evolution of Layer 2 solutions on the Ethereum network. This update, which includes support for the first Rollup Improvement Proposal (RIP-7212), aims to enhance the interoperability of rollups with conventional technology. In addition to this improvement, Napoli also brings three significant updates introduced in Ethereum’s recent…

As the larger part of the cryptocurrency sector starts to return to its previous bullish trend, Ethereum (ETH) has been among the trendsetters, showing signs of more impressive gains in the future despite the increased regulatory compliance scrutiny from the United States Securities and Exchange Commission (SEC). Indeed, Ethereum holding the area at above $3,500 could help it skyrocket to $5,000 and more “soon enough,” despite the “classic ‘vaguely worded [fear, doubt, uncertainty, or] FUD’ while at support, according to an X post by pseudonymous crypto analyst CryptoJelleNL published on March 21. Ethereum price prediction amid scrutiny As it happens,…

In a move that has stirred anticipation within the cryptocurrency community, Bithumb Korea, the operator of one of South Korea’s leading crypto exchanges, Bithumb, has revealed plans to spin off its business. The decision, according to a report by a Korean media outlet, signifies a strategic maneuver aimed at enhancing the feasibility of an impending initial public offering (IPO). Read the full article here

The Shiba Inu Metaverse Advisor, Marcie Jastrow, recently debunked growing allegations of affiliation with a scam company. The Shiba Inu Metaverse project has not made headlines for some time as progress continues behind the scenes. However, the project’s advisor, Marcie Jastrow, recently took the spotlight amid allegations of her involvement in a scam business. Notably, Trophias, a former member of the SHIB Defense Breed who had a clash with lead developer Shytoshi Kusama last January, accused Jastrow of being a “professional scammer.” According to Trophias, this was due to her exit from a new company with which she had previously…

John J. Ray III, the chief exec of the FTX estate, has filed a statement in Sam Bankman-Fried’s sentencing to “correct material misstatements and omissions in the sentencing submission” made by Bankman-Fried’s team. Specifically, Ray challenged the narrative that Bankman-Fried’s team presented that “the money was there — not lost.” Ray described this claim as “categorically, callously, and demonstrably false.” Bankman-Fried and his team have been working to downplay losses from the collapse of FTX and Alameda Research, in part because any losses will likely affect his sentencing. No, FTX hasn’t recovered all funds and isn’t restarting soon Read more:…

An up-and-coming ransomware group linked to attacks on government institutions in Portugal and Kuwait, US hospitals, and the British Library is demanding 15 bitcoins for client data stolen from a prominent US yacht dealer. The Rhysida group posted a sample of the data supposedly stolen from MarineMax on its leak website. This data reportedly shows bank transfers, earnings reports, balance sheets, customer databases, and other financial documents. This listing contradicts MarineMax’s position on March 12, when it told the Securities and Exchange Commission (SEC) in a K-8 filing, “The Company [MarineMax] does not maintain sensitive data in the information environment…

In an exciting development for the world of blockchain gaming, XPLA, a prominent blockchain mainnet and global Web3 gaming platform, has joined forces with Matter Labs, a company specializing in software development, engineering, and cryptography, particularly known for their work on zkSync. Together, they aim to propel the development and deployment of Web3 games through the innovative zkXPLA ecosystem. Art credit.—The primary goal of this collaboration is to enhance the infrastructure supporting Web3 games and projects within the Ethereum ecosystem. The zkXPLA mainnet is tailor-made for this purpose, offering interchain integration and providing a platform for the seamless onboarding of…

A prominent cryptocurrency analyst has recently revealed he is bullish on the price of the meme-inspired cryptocurrency Dogecoin ($DOGE), predicting it could surge over 550% from its current levels to reach the coveted $1 mark. In a recently published video on the Google-owned platform YouTube, pseudonymous cryptocurrency analyst DonAlt revealed that he believes DOGE reaching $1 “isn’t too unlikely,” suggesting the cryptocurrency could move up over 550% from its current $0.15 level. His bullish outlook on Dogecoin, as Daily Hodl first reported, stems from the coin’s recent price action relative to Bitcoin, which he interprets as a sign of strong…