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South Korea confirms North Korea behind $50M Upbit hack
South Korean authorities have confirmed that North Korean hackers were responsible for the $50 million Upbit cryptocurrency hack in November 2019.
On Nov. 21, the National Office of Investigation in South Korea reportedly confirmed that the hack, which stole 342,000 Ether (ETH), was carried out by North Korean hacker groups Lazarus and Andariel.
Upbit, a South Korea-based cryptocurrency exchange, reported on Nov. 27, 2019, that 342,000 ETH had been stolen from its hot wallet. The ETH was wort
On Nov. 21, the National Office of Investigation in South Korea reportedly confirmed that the hack, which stole 342,000 Ether (ETH), was carried out by North Korean hacker groups Lazarus and Andariel.
Upbit, a South Korea-based cryptocurrency exchange, reported on Nov. 27, 2019, that 342,000 ETH had been stolen from its hot wallet. The ETH was wort
Worldcoin’s biometric gamble is a privacy time bomb
Opinion by Ankur Rakhi Sinha, co-founder and CEO of Airchains.
Having faced fines and lawsuits worldwide, the charges against Worldcoin (which became known as “World” in late October 2024) are all the same: a systemic failure to protect user data. Worldcoin, founded in 2019 by Sam Altman of OpenAI fame, asks users to verify their humanness through iris and face scans in exchange for a digital ID and free tokens. Multiple governments have blocked their activities for violating local privacy laws
Having faced fines and lawsuits worldwide, the charges against Worldcoin (which became known as “World” in late October 2024) are all the same: a systemic failure to protect user data. Worldcoin, founded in 2019 by Sam Altman of OpenAI fame, asks users to verify their humanness through iris and face scans in exchange for a digital ID and free tokens. Multiple governments have blocked their activities for violating local privacy laws
Justin Sun paid $6M for a banana taped to a wall and now plans to eat it
Tron founder Justin Sun paid $6.2 million at a New York auction for an art piece consisting of a banana taped to a wall. Now, he plans to eat it.
“I’ve bought the banana,” Sun wrote in a Nov. 21 X post. “This is not just an artwork; it represents a cultural phenomenon that bridges the worlds of art, memes, and the cryptocurrency community.”
“In the coming days, I will personally eat the banana as part of this unique artistic experience,” he added.
The artwork is Maurizio Cattelan’s “Comedian
“I’ve bought the banana,” Sun wrote in a Nov. 21 X post. “This is not just an artwork; it represents a cultural phenomenon that bridges the worlds of art, memes, and the cryptocurrency community.”
“In the coming days, I will personally eat the banana as part of this unique artistic experience,” he added.
The artwork is Maurizio Cattelan’s “Comedian
Coinbase scammer claims earning 5 figures a week targeting crypto CEOs
Crypto phishing scammers are apparently earning a five-figure weekly income by impersonating Coinbase support and have been using leaked data to target high-ranking crypto executives and software engineers.
CEO and co-founder of Bitcoin self-custody solutions provider Casa, Nick Neuman, said he was recently on a call with a Coinbase support scammer and ended up finding out more than he expected after he “decided to turn the tables on him and ask him about being a scammer.”
“We make a minimum o
CEO and co-founder of Bitcoin self-custody solutions provider Casa, Nick Neuman, said he was recently on a call with a Coinbase support scammer and ended up finding out more than he expected after he “decided to turn the tables on him and ask him about being a scammer.”
“We make a minimum o
DeFi, gaming will be ‘most positively affected’ by Trump: Sky Mavis
Blockchain gaming, along with decentralized finance, will likely benefit most from Trump’s presidency, says Jeffrey Zirlin, the co-founder of crypto gaming platform Sky Mavis.
Speaking to Cointelegraph at the YGG Play Summit in the Philippines on Nov. 21, Zirlin said the “token design” space would be set to yield the most benefit from the new crypto-friendly administration in the United States.
“You want to experiment with all these ways of adding utility to tokens so that you can distribute
Speaking to Cointelegraph at the YGG Play Summit in the Philippines on Nov. 21, Zirlin said the “token design” space would be set to yield the most benefit from the new crypto-friendly administration in the United States.
“You want to experiment with all these ways of adding utility to tokens so that you can distribute
US charges 5 crypto hackers in $11M scheme linked to ‘Scattered Spider’
United States prosecutors have charged five people accused of being part of a group that allegedly hacked dozens of businesses and individuals to steal $11 million in crypto and sensitive information.
The California US Attorney’s Office said on Nov. 20 that the defendants sent SMS phishing links or SIM-swapped individuals and employees of certain companies to steal their login credentials to their work or crypto exchange accounts.
Court documents seen by Cointelegraph detailed at least 29 alle
The California US Attorney’s Office said on Nov. 20 that the defendants sent SMS phishing links or SIM-swapped individuals and employees of certain companies to steal their login credentials to their work or crypto exchange accounts.
Court documents seen by Cointelegraph detailed at least 29 alle
Nvidia sees bright future in agentic AI amid record Q3 revenue
Nvidia CEO Jensen Huang says his firm will be focused on being at the forefront of agentic (autonomous) artificial intelligence, as it delivered record revenue in the third quarter.
“The age of AI is in full steam, propelling a global shift to Nvidia computing,” said Nvidia founder and CEO Jensen Huang on Nov. 20 as the firm announced that its quarterly revenue was up 17% from the second quarter and up 94% from a year ago.
The lion’s share of that revenue, $30.8 billion up 112% year-over-year
“The age of AI is in full steam, propelling a global shift to Nvidia computing,” said Nvidia founder and CEO Jensen Huang on Nov. 20 as the firm announced that its quarterly revenue was up 17% from the second quarter and up 94% from a year ago.
The lion’s share of that revenue, $30.8 billion up 112% year-over-year
Apple rushes out patch fixing zero-day attacks on macOS systems
Tech giant Apple has released a patch for two zero-day vulnerabilities that hackers have used to exploit Intel-based Mac computers.
According to the Nov. 19 advisory from Apple, both vulnerabilities have been “actively exploited” and involve “processing maliciously crafted web content.”
The vulnerabilities even caught the attention of the co-founder and former CEO of Binance, Changpeng “CZ” Zhao, who chimed in, warning users to update their tech immediately to avoid falling prey to the exploi
According to the Nov. 19 advisory from Apple, both vulnerabilities have been “actively exploited” and involve “processing maliciously crafted web content.”
The vulnerabilities even caught the attention of the co-founder and former CEO of Binance, Changpeng “CZ” Zhao, who chimed in, warning users to update their tech immediately to avoid falling prey to the exploi
Bitwise registers Solana ETF in US state Delaware
Digital asset management firm Bitwise has registered a statutory trust for a proposed spot Solana exchange-traded fund (ETF) in Delaware — indicating that it may soon file for an S-1 registration statement with the United States securities regulator.
The Bitwise Solana (SOL) ETF was incorporated on Nov. 20, according to the State of Delaware’s Division of Corporations website. The registered agent was listed as CSC Delaware Trust Company, which is headquartered in Wilmington, Delaware.
Bitwise
The Bitwise Solana (SOL) ETF was incorporated on Nov. 20, according to the State of Delaware’s Division of Corporations website. The registered agent was listed as CSC Delaware Trust Company, which is headquartered in Wilmington, Delaware.
Bitwise
Bitcoin reserve won’t solve US debt crisis: Think tank co-founder
United States Senator Cynthia Lummis’ plan to set up a strategic Bitcoin reserve won’t be enough to solve the country’s debt crisis, which has now swelled to $35 trillion, the president of the nonprofit think tank says.
“When Senator Cynthia Lummis of Wyoming talks about how a Bitcoin reserve could help us eliminate the federal debt, that’s an overselling of what Bitcoin could do,” Avik Roy, president of the Foundation for Research on Equal Opportunity said on stage at the North American Blockc
“When Senator Cynthia Lummis of Wyoming talks about how a Bitcoin reserve could help us eliminate the federal debt, that’s an overselling of what Bitcoin could do,” Avik Roy, president of the Foundation for Research on Equal Opportunity said on stage at the North American Blockc
SEC delays Franklin Templeton crypto index ETF decision
The United States Securities and Exchange Commission (SEC) has delayed a decision to approve the Franklin Templeton Crypto Index ETF until early 2025.
In a Nov. 20 letter, the regulatory agency explained that it received no comments after publishing the proposed rule change to list the crypto index ETF on the Federal Register on Oct. 8, 2024. SEC officials wrote:
"The Commission finds it appropriate to designate a longer period within which to take action on the proposed rule change so that it
In a Nov. 20 letter, the regulatory agency explained that it received no comments after publishing the proposed rule change to list the crypto index ETF on the Federal Register on Oct. 8, 2024. SEC officials wrote:
"The Commission finds it appropriate to designate a longer period within which to take action on the proposed rule change so that it
Crypto has 4 years to grow so big ‘no one can shut it down’: Kain Warwick, Infinex
Kain Warwick, the Australian behind decentralized perps protocol Synthetix and now UX layer Infinex, says the clock is now ticking for crypto to grow fast enough to reach the point where no one could ever try to shut it down again.
Speaking to Magazine at Nears Redacted conference in Bangkok, Warwick says the crypto industry specifically his latest venture, Infinex has four years to break into the mainstream.
If we can get mass adoption in the next four years, which I think is achievable, and
Speaking to Magazine at Nears Redacted conference in Bangkok, Warwick says the crypto industry specifically his latest venture, Infinex has four years to break into the mainstream.
If we can get mass adoption in the next four years, which I think is achievable, and
Shanghai judge says cryptocurrency is a commodity, legal to own
A judge in the People’s Court of Songjiang District in Shanghai, China, has released an article on the court’s WeChat account about the legality of issuing virtual currency in China. She was commenting on a business dispute dating to 2017, but her opinion sheds light on cryptocurrency’s murky legal status in China.
A virtual commodity with property attributes
An agricultural development company signed a “Blockchain Incubation Agreement” with an investment management company to produce a white
A virtual commodity with property attributes
An agricultural development company signed a “Blockchain Incubation Agreement” with an investment management company to produce a white
SEC sends reparations to BitClave ICO investors
The United States Securities and Exchange Commission (SEC) has sent $4.6 million in reparations to investors in Ethereum-based search engine BitClave’s initial coin offering (ICO), the agency said on Nov. 20.
The payment is part of a settlement BitClave agreed to pay in 2020 after the SEC charged the search engine for failing to register its 2017 ICO as a securities offering.
“The checks are in the mail. We are sending out more than $4.6M to investors harmed by BitClave, PTE Ltd.’s unregistere
The payment is part of a settlement BitClave agreed to pay in 2020 after the SEC charged the search engine for failing to register its 2017 ICO as a securities offering.
“The checks are in the mail. We are sending out more than $4.6M to investors harmed by BitClave, PTE Ltd.’s unregistere
Stablecoin bill faces several challenges — former Senator Pat Toomey
Former United States Senator Pat Toomey believes there are several unanswered questions regarding stablecoin issuers and their underlying assets that must be resolved before comprehensive stablecoin regulations are passed in the US.
In an interview with Cointelegraph’s Turner Wright, the former Pennsylvania Senator cited bankruptcy resolution for failing stablecoin firms, reserve requirements, insurance on bank deposits, and regulatory jurisdiction as key areas of concern. Toomey voiced his con
In an interview with Cointelegraph’s Turner Wright, the former Pennsylvania Senator cited bankruptcy resolution for failing stablecoin firms, reserve requirements, insurance on bank deposits, and regulatory jurisdiction as key areas of concern. Toomey voiced his con
Former House Speaker warns partisan gridlock could derail Trump’s crypto plans
Former Speaker for the United States House of Representatives Paul Ryan took the stage at the North American Blockchain Summit in Texas on Nov. 20 for an interview with former White House security adviser Faryad Shirzad.
While the conversation touched on a variety of political topics, its central theme concerned what the impending Donald Trump administration must do to overcome party-line partisanship in order to enact his agenda.
Paul Ryan and Faryad Shirzad at the North American Blockchain
While the conversation touched on a variety of political topics, its central theme concerned what the impending Donald Trump administration must do to overcome party-line partisanship in order to enact his agenda.
Paul Ryan and Faryad Shirzad at the North American Blockchain
Are spot Bitcoin ETF options traders really expecting a $176K BTC price?
Options on BlackRock's iShares Bitcoin Trust ETF (IBIT) made waves on Nov. 19, when its newly launched market recorded $1.9 billion in trading volume. On X, a handful of analysts deemed the launch a success, after the day wrapped up with a startling imbalance in the contracts.
There were 288,740 call (buy) options compared to the 64,970 put (sell) instruments, or a staggering 4.4-to-1 ratio.
On the surface, this suggests overwhelming bullish sentiment, with some contracts implying Bitcoin (BT
There were 288,740 call (buy) options compared to the 64,970 put (sell) instruments, or a staggering 4.4-to-1 ratio.
On the surface, this suggests overwhelming bullish sentiment, with some contracts implying Bitcoin (BT
Trump mulls creating first White House crypto post: Report
President-elect Donald Trump is considering creating a new White House post dedicated entirely to cryptocurrency policy, Bloomberg reported on Nov. 20.
Trump’s team is talking to industry executives to decide whether the role is needed, Bloomberg said. They are also reportedly vetting potential candidates, including at Trump’s residence in Mar-a-Lago.
The role would be the first-ever crypto-specific White House post. It highlights the crypto industry’s prominent role in the Trump administratio
Trump’s team is talking to industry executives to decide whether the role is needed, Bloomberg said. They are also reportedly vetting potential candidates, including at Trump’s residence in Mar-a-Lago.
The role would be the first-ever crypto-specific White House post. It highlights the crypto industry’s prominent role in the Trump administratio
MicroStrategy’s market cap on track to top Intel’s
MicroStrategy’s (MSTR) market capitalization has topped $100 billion, and the de-facto Bitcoin (BTC) fund is on track to surpass chip maker Intel.
The stock is set for further gains as analysts expect MicroStrategy’s BTC buying spree to accelerate even faster than anticipated, according to a Nov. 19 analyst report shared with Cointelegraph.
According to data from Google Finance, Intel, a more than 60-year-old semiconductor titan, has a market capitalization of nearly $102 billion as of Nov. 20
The stock is set for further gains as analysts expect MicroStrategy’s BTC buying spree to accelerate even faster than anticipated, according to a Nov. 19 analyst report shared with Cointelegraph.
According to data from Google Finance, Intel, a more than 60-year-old semiconductor titan, has a market capitalization of nearly $102 billion as of Nov. 20
A perfect storm is brewing for Bitcoin
Opinion by Mehdi Lebbar, co-founder of Exponential.fi.
Bitcoin (BTC) is the world’s most reflexive asset today. The United States Securities and Exchange Commission recently approved options for several Bitcoin exchange-traded funds (ETFs). Once issued, these options lead to gamma squeezes, acting like reflexivity. Together, that’s reflexivity squared, leading to unprecedented price movements.
The launch of spot Bitcoin ETFs was already a landmark event for the financial world. In their first
Bitcoin (BTC) is the world’s most reflexive asset today. The United States Securities and Exchange Commission recently approved options for several Bitcoin exchange-traded funds (ETFs). Once issued, these options lead to gamma squeezes, acting like reflexivity. Together, that’s reflexivity squared, leading to unprecedented price movements.
The launch of spot Bitcoin ETFs was already a landmark event for the financial world. In their first
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