The cryptocurrency landscape has been shaken by a series of extraordinary developments this week, leaving investors and enthusiasts on high alert.
💸 North Korean Hackers Double Down on Crypto Thefts! 💸
In a staggering revelation, North Korean cybercriminals have pilfered a record $1.3 billion in cryptocurrencies in 2024, accounting for two-thirds of global crypto thefts this year. These illicit funds are reportedly funneled into the nation’s missile and nuclear programs, raising serious international security concerns. Notably, the Japanese exchange DMM Bitcoin suffered a $305 million loss, leading to its closure. ( 🔗 By Financial Times )
🏦 MicroStrategy’s Bitcoin Buying Spree Continues! 🏦
MicroStrategy, the leading corporate Bitcoin holder, has added $561 million worth of Bitcoin to its reserves, bringing its total holdings to 444,262 BTC, valued at approximately $43 billion. This purchase was funded through equity sales, though the company now faces challenges in attracting new investors after extensive stock sales. ( 🔗 By BARRON'S)
🐦 ‘Hawk Tuah’ Influencer Under Fire for Meme Coin Collapse! 🐦
Haliey Welch, famed for her “hawk tuah” catchphrase, is under scrutiny after her meme coin, Hawkcoin ($HAWK), crashed from a $490 million market cap to $26.4 million following a massive sell-off. Welch denies any wrongdoing and is cooperating with legal authorities to assist affected investors and investigate the incident. ( 🔗 By NEW YORK POST )
🔐 Crypto Hack Losses Surge to $2.2 Billion in 2024! 🔐
A recent report reveals that losses from crypto hacks have soared by 21% this year, totaling $2.2 billion. This marks the fourth consecutive year with losses exceeding $1 billion, coinciding with Bitcoin’s 140% price surge, now surpassing $100,000. The majority of these thefts targeted centralized platforms through compromised private keys. (🔗 By REUTERS)
⚖️ Australian Crypto Figure Faces Legal Repercussions! ⚖️
Craig Wright, an Australian who falsely claimed to be Bitcoin’s creator, has narrowly avoided jail time despite breaching court orders that barred him from suing over Bitcoin’s origins. Found in contempt by the High Court in London, Wright received a suspended 12-month prison sentence and was ordered to pay $290,000 in costs. Further legal actions could lead to imprisonment. ( 🔗 By NEWS.COM.AU )
📈 Market Snapshot 📉
Bitcoin ($BTC ): Currently trading at $98,329, showing a slight increase of 0.26%.
Ethereum ($ETH ): Priced at $3,447, experiencing a minor decline of 1.01%.
BNB ($BNB ): Valued at $699, up by 0.96%.
XRP ($XRP): Trading at $2.26, down by 2.17%.
Cardano ($ADA): At $0.90, decreasing by 3.39%.
🔍 Stay Informed, Stay Secure! 🔍
The crypto realm is rife with opportunities and risks. Stay vigilant, conduct thorough research, and exercise caution in this dynamic market.
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