Coinbase faces a potential $400 million bill after a phishing attack orchestrated by bribed overseas support agents compromised user data. The exchange refused to pay a $20 million ransom and instead offered a reward for the attackers’ capture. Learn about the details of the breach, Coinbase’s response, and the growing threat of social engineering scams in the crypto space.
Author: Bruno
Stablecoins Revolutionize Collateral Management: A Deep Dive
Explore how stablecoins are transforming real-time collateral management in traditional finance, enhancing efficiency and transparency while navigating regulatory landscapes. Learn about the benefits, challenges, and future implications.
Jim Chanos’ Bitcoin Strategy: Shorting Strategy and Going Long on BTC
Renowned short-seller Jim Chanos reveals a surprising new trading strategy: shorting Strategy (formerly MicroStrategy) while simultaneously buying Bitcoin. He sees it as a play against corporate crypto hype and retail speculation.
Bitfarms Navigates $36M Net Loss, Strategically Pivots from Bitcoin Mining to AI Computing
Bitfarms reports a $36 million net loss in Q1 2024, prompting a strategic shift from Bitcoin mining to high-performance computing (HPC) for AI applications. Learn about the company’s challenges, strategies, and future outlook.
Ethereum Price Prediction: Will ETH Reach $5,000 in 2025? 3 Key Catalysts
Can Ethereum reach $5,000 in 2025? Analyzing the factors driving ETH’s potential rally, including ETF approval, layer-2 growth, and AI adoption. A comprehensive outlook on ETH’s future.
Bitcoin’s Price Surge: Where Are the Retail Investors? Analyzing Search Trends and Market Behavior
Despite Bitcoin’s soaring price near all-time highs, retail investor interest remains surprisingly low. We delve into Google search data, app rankings, and historical patterns to understand this phenomenon and predict future market behavior.
Democrats Request Suspicious Activity Reports on Trump’s Crypto Ventures
US Democrat lawmakers are seeking access to suspicious activity reports (SARs) related to Trump-backed crypto projects, including World Liberty Financial (WLF) and the TRUMP token, to investigate potential financial misconduct.
Europol Dismantles $23M ‘Mafia Crypto Bank’ Laundering Funds for Criminals
Europol, in collaboration with Spanish and Belgian authorities, has dismantled a ‘mafia crypto bank’ allegedly laundering over $23 million for criminal networks involved in migrant smuggling and drug trafficking. Learn about the arrests, seized assets, and the money laundering methods used.
Sonic Labs Wins Judgment to Wind Up Multichain Foundation: Recovering $210M Hack Funds
A Singapore High Court has granted Sonic Labs’ motion to wind up the Multichain Foundation following a $210 million hack in 2023. Liquidators from KPMG will now attempt to recover and distribute funds to affected users.
Democratizing Equity Markets: How DeFi Can Disrupt Traditional Finance
Explore how decentralized finance (DeFi) can revolutionize traditional equity markets, enhancing accessibility, transparency, and efficiency for global investors. Discover how DeFi innovations in pricing, execution, and settlement can close the wealth gap.