In A Nutshell The decentralized finance (DeFi) platform 1inch has taken a significant step towards bolstering the security within its ecosystem by partnering with the Web3 security firm Blockaid. This collaboration is set to introduce a suite of security measures aimed at combatting DeFi fraud and cyber threats, marking a pivotal moment for enhancing trust…
In A Nutshell Ethereum (ETH), the world’s second-largest cryptocurrency by market capitalization, has seen a significant reduction in its supply on exchanges, reaching an eight-year low. This recent development indicates that only about 10.19% of ETH’s total supply is currently available on trading platforms, a situation that could potentially influence its market price and investor…
In A Nutshell A recent security breach at Kraken, a major cryptocurrency exchange, led to the unauthorized withdrawal of $3 million due to a critical bug. This issue was brought to light by CertiK, a blockchain security firm, which later became entangled in a controversial dispute with Krizen over the repayment of the stolen funds….
In A Nutshell The BNB Chain implemented the Haber hard fork, incorporating BEP-336, a development aimed at significantly enhancing data storage and processing efficiency. This update boasts of slashing blockchain fees by 90%, a move that not only optimizes transactions but also positively impacts the BNB Smart Chain (BSC) layer-2 costs. The introduction of blob-carrying…
In A Nutshell An Arweave-based AI computing protocol, AO, has captured significant attention and investment, amassing over $158 million in deposits shortly after its introduction through a ‘fair launch.’ This innovative protocol aims to revolutionize the blockchain and AI industries by enabling large language models (LLMs) to operate within smart contracts, fostering a new era…
In A Nutshell A recent controversy has emerged between the crypto exchange Kraken and the security firm CertiK. Initially portrayed as a white hat operation by CertiK, the incident involved the unauthorized withdrawal of nearly $3 million from specific Kraken accounts. While CertiK claims to have returned all the exploited funds, Kraken alleges that a…
In A Nutshell The German Federal Criminal Police Office (BKA) has reportedly transferred a substantial amount of Bitcoin (BTC), valued at approximately $425 million, involving transactions to and from different wallet addresses. Notably, a portion of this sum was sent to cryptocurrency exchanges Kraken and Bitstamp, suggesting potential plans for sale. This move follows the…
In A Nutshell Recent data from IntoTheBlock reveals that Bitcoin miner reserves have diminished to their lowest point in over 14 years, with a current holding of 1.90 million Bitcoin as of June 19, a slight decline from the 1.95 million BTC at the beginning of the year. Despite this reduction in quantity, the fiat…
In A Nutshell A significant number of traders betting against Bitcoin, known as shorters, are currently on edge as the cryptocurrency’s price inches towards the $70,000 mark. Data from CoinGlass reveals a potential liquidation of $1.67 billion in short positions should Bitcoin achieve this price point—a level not seen in the recent 12 days. Amidst…
In A Nutshell A timely intervention by a police officer in White Settlement, Texas, thwarted a $40,000 Bitcoin ATM scam involving an impersonator of Chase Bank. The scam targeted an elderly woman, deceiving her to withdraw cash from her bank and deposit it into a Bitcoin ATM. The police were alerted by a vigilant citizen,…