Upbit Exchange Suffers $36M Hot Wallet Exploit
Today in Crypto: South Korea’s largest cryptocurrency exchange Upbit halted deposits and withdrawals on Thursday after discovering about $36 million in unauthorized transfers from a Solana hot wallet, BitMine boss Tom Lee appears to have quietly backed away from his $250,000 Bitcoin forecast at the end of the year, and Bolivia has moved to integrate cryptocurrencies and stablecoins into its financial system. Upbit suffers $36M Solana hot wallet hack a day after Naver’s $10B deal The largest cryptocurrency exchange in South Korea, Upbit, Temporarily freeze deposits and withdrawals on Thursday after approximately $36 million in unauthorized outflows from Solana Network’s…
Bitcoin Holds Steady As Texas Allocates $5M To BlackRock’s IBIT
join us cable A channel to stay up to date with the latest breaking news Bitcoin’s price has risen a meager percent over the past 24 hours to trade at $87,769 as of 2:40 a.m. EST on trading volume that has fallen 7% to $66.1 billion. This comes as the Texas state government purchased $5 million of BlackRock iShares Bitcoin Trust (IBIT) BTC exchange-traded fund (ETF) at an average price of about $87,000 per bitcoin. Lee Bratcher, president of the Texas Blockchain Council, highlighted the purchase in a post on X. Texas bought the dip!Texas became the first state to…
Vitalik Buterin Backs Messaging Apps Session and SimpleX With ETH
Ethereum co-founder Vitalik Buterin has revealed a donation of around $760,000 in ether to two cryptocurrency messaging apps that he sees as pushing the boundaries of digital privacy. Encrypted messaging apps, like Signal, are “important for maintaining our digital privacy,” Buterin says He said In X’s post on Wednesday, adding the next steps for the space should be creating an account without permission and metadata privacy. Decentralized messaging apps Session and SimpleX Chat are “pushing these trends forward,” Buterin said, adding that he “donated 128 ETH each” and encouraged users to try them out. Session is designed to remove the…
If humans vanished, Bitcoin’s block time and difficulty would preserve our collapse
This is a reflective report translated for non-specialists. The narrator is a detective who arrived long after the humans had left. Everything described as measured is based on the real Bitcoin mechanics: block intervals, difficulty/goal, timestamp rules, data available from block headers and the coinbase transaction. We have arrived on a silent planet. The last hours that were still ticking were embedded in a ledger whose authors were gone. Beginning of the report a team: Scanning unit 3Artifact: Global Ledger (“Bitcoin”)technique: Analysis of a lightweight string (heads + coin base), set to solar time road We have analyzed the digital…
Tether fires back at S&P after USDT downgraded to weakest score
Key takeaways S&P downgraded the stability of USDT due to reserve risks and lack of full transparency. Tether has responded with a sweeping defense of its reserves, profitability, and systemic importance in emerging markets Share this article Tether has taken issue with S&P Global’s post-agency ratings reduced USDT’s stability score reached 5, its lowest level, due to exposure to risky assets such as Bitcoin and lack of reserve clarity. Tether called the downgrade misleading and based on an outdated framework that ignores the stablecoin’s track record and real-world usage. She noted that USDT has never failed to recover, even during…
ETH Rebounds and Eyes $3K but Bearish Pressure Persists
Ethereum has seen a slight bounce over the past few days after finding support near $2,500. While the price action remains technically bearish overall, there has been a slight improvement in structure in the short term. However, caution is still warranted as overall resistance levels loom on the horizon. Technical analysis By Cheyenne Daily chart On the daily time frame, it is clear that ETH is currently trading around $2,900 after bouncing from the $2,500 demand zone. This level remained as strong support, sparking a short-term rally that has now seen the asset reach a secondary supply zone near $3,000.…
The Bull And Bear Scenario For XRP That Could Play Out In November
After a few months of ups and downs, The price of XRP has fallen Below $2 this month for the first time in seven months, breaking its annual support of $1.79. Although there has been some recent recovery, momentum is still low, and the chances of a sustainable recovery decline with each new decline. As the altcoin continues to struggle, a market analyst has identified the two main directions the price could take, given bullish and bearish scenarios. The bullish case for XRP For the price of XRP to continue rising, there will need to be some significant shift in…
South Korea Risks Stablecoin Rules Delay As Regulators Clash
Authoritative editorial Content, reviewed by leading industry experts and seasoned editors. Advertisement disclosure South Korea’s long-awaited stablecoin legislation is in danger of being delayed until next year, as financial authorities spar with the Bank of Korea (BOK) over the role of banks in the sector. The Bank of Korea and financial regulators are at loggerheads On Tuesday, Korea JoongAng Daily I mentioned The prospective stablecoin framework, which is expected to come by the end of 2025, appears unlikely to be passed this year, arguing that while regulators aim to open up the market to technology companies, the central bank insists…
Ripple Hiring Software Engineers to Advance XRP Ledger Scalability and Performance
Ripple’s latest hiring drive represents a pivotal acceleration for XRPL, signaling a bold push to scale institutional on-chain adoption, deepen programmability, and fortify the high-performance blockchain infrastructure that drives the next era of global value movement. Ripple Expands XRPL Engineering Teams with New Roles Leading On-Chain Finance Ripple has published new engineering openings, seeking developers to… […]
Polymarket Wins US Regulatory Approval
Today in Cryptocurrency: Polymarket has received approval to operate a brokerage trading platform in the United States. The UAE introduced a new financial law that puts cryptocurrencies under regulatory oversight, and cryptocurrency projects saw their second-best quarter of venture capital funding since Q3 2022. Polymarket receives regulatory approval to operate US trading platform Polymarket forecasting platform Obtained regulatory approval From the US Commodity Futures Trading Commission to operate an intermediary trading platform. In Tuesday’s notice, Polymarket He said The CFTC issued a revised designation order, which will allow the company to “operate a broker-dealer platform subject to the full set…