A Bitcoin user recently made headlines by accidentally paying an enormous transaction fee of nearly 0.75 BTC, equivalent to around $60,000, in a replace-by-fee (RBF) transaction. This mishap occurred shortly after midnight UTC on April 8, where the user tried to correct a previous transaction with a standard fee. The second attempt raised the fee ...
Bitcoin has reached a historic milestone, achieving a hashrate of 1 Zetahash per second, a major leap in its 16-year history. This impressive computing power was confirmed by various blockchain tracking services between April 4 and 5, 2023, although they reported slightly different timings for this achievement. Bitcoin’s hashrate has surged since early 2016, processing ...
The bankrupt crypto exchange Mt. Gox has recently transferred 11,501 Bitcoin, marking its third major transaction in less than a month. On March 25, Blockchain analytics firm Arkham Intelligence reported that Mt. Gox sent 893 Bitcoin worth approximately $78 million to a cold wallet and another 10,608 Bitcoin valued at around $929 million to a ...
The synthetic opioid crisis, primarily driven by fentanyl, is causing tens of thousands of deaths in the U.S. each year. This crisis is complicated by the involvement of cryptocurrency, which enables drug trafficking organizations, particularly in Mexico and China, to operate outside traditional financial systems. Various players in this ecosystem, from precursor manufacturers to independent ...
AI agent tokens have recently suffered a staggering loss of $14.23 billion in Market cap, with leading tokens seeing declines of 75% to 90% from their highs. Once considered a burgeoning sector in cryptocurrency, AI agents are now losing traction both in new project launches and overall engagement. The Market cap for AI agents peaked ...
Cognyte Software Ltd. has secured a significant deal with a law enforcement agency in the Asia-Pacific to assist in combating illegal cryptocurrency activities. Valued at over half a million dollars per year, this subscription service utilizes advanced blockchain analytics powered by AI and machine learning. The technology allows investigators to uncover hidden patterns and connections ...
Detective Scott Simons recounts a pivotal moment in his career when he was alerted to a $551,000 cryptocurrency scam. It all began with a victim who fell for a “pig butchering” scheme, where they were tricked into investing in a fake cryptocurrency after gaining trust through seemingly harmless social media interactions. As the investigation unfolded, ...
