Articles for category: Crypto

Market News

XT Exchange Hacked: $1.7 Million in Cryptocurrency Stolen, Withdrawal Services Suspended Amid Security Concerns

On November 28, 2024, cryptocurrency exchange XT.com suspended all withdrawals after a suspected hack led to the theft of around $1.7 million in digital assets. Initially, the exchange attributed the suspension to “wallet upgrade and maintenance.” However, a blockchain security firm, PeckShield, confirmed unusual transfers from XT.com’s wallets. The hacker exchanged the stolen funds into ...

Market News

Texas Advances to Implement 100% Gold-Backed Currency for Secure Transactions and Economic Growth

Texas legislators are taking a significant step in reshaping the financial landscape by proposing bills to create a state-backed digital currency redeemable in gold and silver. Introduced by State Representative Mark Dorazio, these bills—House Bill 1049 and House Bill 1056—aim to offer Texans a stable monetary alternative to the traditional federal currency. This digital currency ...

Market News

Trump Media’s Potential Cryptocurrency Acquisition: Implications for Stock Value and Market Dynamics Explained

Trump Media & Technology Group, known for its Truth Social platform, is currently not profitable and has limited revenue but does possess cash reserves. The company is exploring expansion opportunities, including potentially acquiring Bakkt Holdings, a cryptocurrency platform that, despite generating significant sales, is struggling with losses. While this acquisition could benefit Trump Media by ...

Market News

Bitcoin Hits $100,000: Altcoins Dreamcars (DCARS) and Vechain (VET) Poised for 100x Surges in Value

Bitcoin’s ongoing rise toward $100,000 is generating excitement in the crypto community, particularly for altcoins like Dreamcars and Vechain. As Bitcoin’s popularity increases, it may lead to substantial growth for these altcoins, potentially yielding 100x returns. Dreamcars allows users to own shares of luxury cars and earn passive income from rentals, while Vechain focuses on ...

Market News

Court Overturns US Sanctions Against Tornado Cash: Implications for Cryptocurrency Regulations Explained

A US appeals court has determined that the US Treasury Department overstepped its authority by sanctioning the cryptocurrency mixer Tornado Cash in 2022. The Treasury accused Tornado Cash of laundering over $7 billion linked to hackers, particularly from North Korea. This ruling favored six users of Tornado Cash who, with help from Coinbase, challenged the ...

Market News

Court Overturns US Sanctions on Tornado Cash: What It Means for Cryptocurrency Regulation and Privacy

A U.S. appeals court has decided that the U.S. Treasury Department overstepped its authority when it sanctioned the cryptocurrency mixer Tornado Cash in 2022. Tornado Cash was accused of helping launder over $7 billion for cybercriminals, including those linked to North Korea. The ruling favored six users of Tornado Cash, supported by the exchange Coinbase, ...

Market News

XMLRPC NPM Library Compromised: Data Theft and Crypto Mining Attacks Exposed

Cybersecurity researchers have revealed a year-long software supply chain attack on the npm package registry, initiated by the seemingly harmless library @0xengine/xmlrpc. This package, which originally functioned as a JavaScript XML-RPC server for Node.js, was compromised shortly after its launch to include malicious code capable of stealing sensitive information and mining cryptocurrency. The malicious features ...

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