Two South African brothers recently vanished with $3.6 billion worth of bitcoin in what could potentially be the biggest cryptocurrency heist in history.
Local media, including Independent Online and ITWeb, were the first to report on the case.
This week, there was a decent recovery wave in bitcoin, ethereum, ripple, and litecoin against the US Dollar. Earlier, LTC declined heavily below the $130 level and the 55 simple moving average (4-hours).
The price even broke the $120 support level. It traded close to the $100 level and a low was formed near $105. Recently, there was an upside correction from $105 and the price climbed above $120. There was a break above the 23.6% Fib retracement level of the key decline from the $182 swing high to $105 low.
The non-fungible token (NFT) marketplace Rarible has revealed the company has raised $14.2 million in a Series A funding round. Rarible details the funds will be leveraged to take NFTs to the mainstream and announced integration with the consumer-centric blockchain called Flow.
Coinbase has unveiled a new tool that can automatically audit smart contracts built on Ethereum that use the Solidity programming language.
Designed to be used by smart contract auditors, asset issuers, and other exchanges, the firm has plans to make the tool open source later this year
The decentralized finance ecosystem has been plagued by a variety of known scams and exploits for some time, with yet another coming in the form of what is known as a “soft rug”.
Those that have been dabbling in DeFi for some time will be familiar with the term “rug pull”. This generally refers to the abandoning of a project by insiders or developers who remove liquidity from pools or vaults on decentralized exchanges and disappear with the funds.
A bipartisan bill that requires the study of blockchain technology and digital tokens passed the House of Representatives on June 22.
The “Consumer Safety Technology Act'' is centered on consumer protection and includes digital token and blockchain research. The bill passed the 117th Congress within a week of its introduction, with a resounding 325 votes in favor of, and 103 votes against.
Cryptocurrency markets bounced upward yesterday after a big drop with Bitcoin and Ethereum being up by 15% and 17% respectively.
The move came on the back of El Salvador president Nayib Bukele releasing rendered images of the proposed Bitcoin mining unit powered by the country’s active volcanoes (the thermal energy generated from volcanoes can be converted into electricity, and in turn be used to power mines).
Decentralized Ethereum 2.0 staking protocol SharedStake has a developer on the loose that used the admin key and exploited the protocol’s governance token SGT.
As the price of SGT plummets 95%, other team members are urging users to withdraw all funds and wait for further updates.
The frontrunner in the race to become the Mayor of New York has vowed to make the Big Apple “the center” of Bitcoin (BTC) within the space of a year if he is elected.
Big Four accounting firm KPMG has partnered with Australian property developers Mirvac to develop a blockchain-based platform to track the provenance of buildings.
The platform was commissioned by the New South Wales state government.