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Maestro Telegram Bot Falls Victim to Contract Exploit, Resulting in $500,000 ETH Theft
7 months ago 1 min read

Telegram Bot Maestro Falls Victim to Contract Exploit, Losing $500,000 in ETH

Today, Maestro, one of the projects on the popular messaging app Telegram, faced a security breach that resulted in a breach of user accounts. The breach occurred due to a critical security vulnerability within the project’s Router2 contract, which led to unauthorized transfers of over 280 ETH, equivalent to $500,000. The Router2 contract, primarily responsible for managing token swaps, had a vulnerability that enabled attackers to perform unauthorized actions, including asset transfers. Security firm PeckShield reported that the stolen funds were sent to the cross-chain exchange platform Railgun, possibly in an attempt to obscure their origin. The core issue lay

Court's Ruling on Grayscale's Bitcoin ETF Proposal Sparks Market Gains
7 months ago 1 min read

Crypto Market Surges Following Court’s Decision on Grayscale’s Spot Bitcoin ETF

The US Courts have issued a new mandate concerning Grayscale’s proposal for a spot Bitcoin ETF, and this development has had a ripple effect across various markets. Grayscale seeks to convert it into a spot Bitcoin exchange-traded fund (ETF). The legal process started gaining attention on August 29, when courts mandated the U.S. Securities and Exchange Commission (SEC) to review Grayscale’s proposal. This week, a formal mandate was issued, further emphasizing the need for this review. This recent mandate coincides with positive performance across multiple assets. The Grayscale Bitcoin Trust (GBTC), which is at the center of these proceedings, has

FTX-Related Addresses Move $10 Million in Crypto Assets to Coinbase and Binance
7 months ago 1 min read

FTX Exchange Transfers $10M in Crypto to Coinbase and Binance

Today, more than $10 million worth of assets linked to the defunct crypto exchange FTX have been moved to Coinbase and Binance. According to data from Arkham Intelligence, the assets involved in this transfer amounted to 2,904 Ethereum (about $5.18 million), 1,341 Maker (valued at $2.02 million), 198,000 Chainlink (around $2.26 million), and 12,000 AAVE (around $1.03 million). While it’s not definitively clear if these transfers are linked to FTX’s bankruptcy proceedings, the timing of these transactions has understandably raised some concerns within the crypto community. This concern stems from the recent positive momentum in the broader crypto market. These

Bitcoin Price Surge Results in $400 Million Worth of Liquidations in Just One Day
7 months ago 1 min read

Bitcoin Price Rally Leads to Over $350 Million in Liquidations

The recent surge in Bitcoin’s price was no exception, and it led to some dramatic developments, including massive liquidations. The moment came when a single Bitcoin liquidation order hit the market, and it was valued at an astonishing $9.98 million. This occurred in the BTCUSDT trading pair, and it’s a vivid example of the high-stakes nature of cryptocurrency trading. Over the past 24 hours, a total of 94,168 traders faced liquidation across the entire crypto market. That’s a substantial number of individuals and entities who found themselves in a tight spot due to the market’s volatility. Data from CoinGlass reveals

AGIX Token by SingularityNET Makes a 10% Price Jump
7 months ago 1 min read

AGIX Token from SingularityNET Rises by 10%

Cardano’s artificial intelligence token, SingularityNET (AGIX), is riding the wave of excitement in the cryptocurrency world. AGIX has surged in value, with its price currently sitting at $0.1996, marking a 10.16% increase in the past 24 hours. Over the past week, the AI token has risen by 17%, and it has managed to recoup its losses over the month, growing by 11% during that period. While there’s a lot of buzz around artificial intelligence tokens, AGIX’s recent surge is primarily driven by external factors. This growth can be attributed to the optimism surrounding BlackRock’s Bitcoin ETF product and the recent

Bitcoin surged to over $35,000
7 months ago 1 min read

Bitcoin surges above $35,000 as spot ETF buzzes up

Bitcoin, the world’s leading cryptocurrency, is making headlines once again as it surged past the $35,000 mark. This exciting price movement is generating significant buzz, and there are a few key reasons behind it. As of Tuesday morning in Asia, Bitcoin was trading at $34,883, experiencing an impressive 14.8% surge over the past 24 hours and reaching a high of $35,066, a level it hasn’t seen since May 2022. This uptrend has contributed to Bitcoin’s weekly gain of 22.8%, delighting crypto enthusiasts and investors alike. The primary driver of this recent Bitcoin rally is the growing anticipation surrounding the potential

BlackRock has achieved a milestone
7 months ago 1 min read

BlackRock’s iShares Bitcoin Trust has been listed on the DTCC (Depository Trust & Clearing Corporation)

BlackRock, one of the world’s leading asset management companies, has achieved a significant milestone. Its iShares Bitcoin Trust has been officially listed on the Depository Trust & Clearing Corporation (DTCC). This development marks a crucial step in the broader adoption of Bitcoin-related financial products within traditional investment systems. The Depository Trust & Clearing Corporation, or DTCC, is a central clearing and settlement service provider that plays a pivotal role in the U.S. financial markets. It’s responsible for processing and clearing a vast array of financial transactions, ensuring the smooth operation of stock and securities trading. In essence, it’s a fundamental

European Union Lawmakers Encounter Obstacles in Defining AI Rules
7 months ago 1 min read

European Union Lawmakers Face Obstacles in Defining AI Rules

EU lawmakers are currently facing challenges in reaching an agreement on new rules pertaining to artificial intelligence (AI). As of now, consensus remains elusive, and crucial decisions on AI regulations may be deferred until December, according to sources familiar with the situation. The proposed AI rules require approval from both the European Parliament and member states within the European Union. These rules have already undergone three rounds of discussion in trilogies, which are meetings aimed at finalizing the legislative texts through negotiations between the European Parliament and EU member states. The delay in reaching an agreement on AI regulations underscores

Lightning Network Faces Critique Over Alleged Security Weakness
7 months ago 1 min read

Lightning Network Faces Security Concerns as Developer Identifies Possible Issue

A significant vulnerability within the Bitcoin Lightning Network, a technology designed to speed up Bitcoin transactions, was recently identified by Bitcoin developer Antoine Riard. This flaw, known as “replacement cycling attacks,” could potentially compromise the security of funds moving through the Lightning Network. The vulnerability could theoretically enable sophisticated attackers to carry out a “transaction-relay jamming attack” that targets a critical component of the Lightning Network called Hash Time Locked Contracts (HTLC). The goal of such an attack would be to disrupt the regular flow of transactions, causing delays or preventing them from being processed as expected. This could lead

Filecoin to play a pivotal role in the AI
7 months ago 3 mins read

The Synergy Between Filecoin and AI: Unpacking the Benefits

The intersection of substantial fiat money printing and the rapid ascent of artificial intelligence (AI) is poised to create a financial bubble of unprecedented proportions. According to Arthur Hayes, founder of BitMEX, the ever-expanding realm of AI applications necessitates a decentralized storage solution, and here’s where Filecoin, with its blockchain-based network, steps into the spotlight. As the largest decentralized data storage project in terms of storage capacity and total bytes of data stored, Filecoin seems tailor-made for AI’s insatiable appetite for data. It’s this alignment that positions Filecoin to play a pivotal role in the AI landscape. A Stable Storage

Cryptocurrency Exchange Coins.ph Faces Potential Loss of 12.2 Million XRP Tokens
7 months ago 1 min read

This Crypto Exchange Faces Potential Loss of 12.2 Million XRP Tokens

Philippine-based cryptocurrency exchange Coins.ph has reportedly suffered a loss of over 12 million XRP tokens, valued at around $6.4 million. The incident, allegedly a result of a hack, has sent shockwaves through the cryptocurrency community. The Block’s Investigation According to a report by The Block, blockchain intelligence platform XRP Scan detected a breach in Coins.ph’s security, leading to the unauthorized transfer of around 12.2 million XRP tokens. The alleged hacker executed a series of transactions, swiftly moving the stolen digital assets to several different cryptocurrency exchanges. These included platforms like OKX, WhiteBIT, OrbitBridge, SimpleSwap, ChangeNOW, and Fixed Float. The Block’s

US Republican Senators Investigate Tech Firms' Content Moderation During Israel-Hamas Conflict
7 months ago 1 min read

US Senate Republicans Probe Meta, Google, TikTok, and X Over Content Moderation in Israel-Hamas Conflict

A group of Republican lawmakers from the U.S. Senate panel has taken action, addressing letters to major tech companies, including Meta Platforms, Google, TikTok, and X (formerly Twitter). In these letters, the senators are seeking detailed information about the content moderation policies employed by these tech giants concerning the Israel-Hamas conflict. This move comes as part of an effort by these senators to gain a better understanding of how these platforms are handling content related to significant global events. The Israel-Hamas conflict has been a topic of international concern, and the senators want to ensure that content moderation on these

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