Day: June 20, 2024

Snowflake Data Breach: Ransom Demand Drastically Reduced Amidst Confusion

A significant breach involving Snowflake, a cloud-based data management firm, has led to a threat actor named Sp1d3r demanding a ransom for personal data affecting millions of U.S. students. Originally setting the ransom at $2 million in bitcoin, the attacker has surprisingly reduced the amount to $150,000, payable in U.S. dollars, according to a report […]

LayerZero Prepares for Massive Airdrop Amid Anti-Sybil Measures

LayerZero, a leading cross-chain interoperability protocol, is on the brink of conducting one of the largest airdrops in cryptocurrency history, as announced by CEO Bryan Pellegrino. Set for July 19, this event is poised to benefit 1.28 million wallets, marking a significant milestone in the protocol’s development. Pellegrino disclosed that 23.8% of the total token […]

Pantera Capital’s $100M Bet on Bitwise Ethereum ETF

Crypto index fund manager Bitwise Asset Management revealed that Pantera Capital Management LP plans to invest $100 million in shares upon the SEC’s approval of trading for the Bitwise Ethereum ETF. This information was disclosed in a revised S-1 registration form submitted to the Securities and Exchange Commission (SEC), detailing the readiness for the potential […]

Jump Crypto Invests Heavily in Pro-Crypto PAC for 2024 Elections

Jump Crypto has significantly increased its investment in a political action committee (PAC) dedicated to promoting pro-crypto candidates in Congress, with a new $10 million contribution. This brings the total donation from the Chicago-based investment firm to $15 million. As of Wednesday, this funding boost has helped the affiliated PACs, including Fairshake, amass nearly $169 […]

Kraken Resolves Critical Bug Allowing Free Money Exploit

Kraken, a major cryptocurrency exchange, recently addressed a severe bug that had been lurking in its system for months, enabling users to “artificially inflate their balance.” This flaw was exposed when a security researcher alerted the platform through its bug bounty program on June 9, describing the issue as an “extremely critical bug.” Nick Peroco, […]

Delay and Discontent: The Dogwifhat Saga Unfolds

Nearly three months after successfully raising $700,000, the Solana meme coin project Dogwifhat has yet to fulfill its promise of advertising on the Las Vegas Sphere, leading to unrest among its donors and investors. Despite the impressive start to the year, where the Dogwifhat token saw a 100x increase in price, the ambitious advertising project […]

Turbulence in U.S. Bitcoin ETF Markets Amid Price Fluctuations

The U.S. spot Bitcoin ETFs have experienced significant net outflows, totaling nearly $300 million in just the past two days. This financial movement coincides with Bitcoin’s price fluctuations, as it recently rebounded to $65,000 after a brief dip. According to SoSovalue, a data analytics platform, the outflows in the last two days reached $298 million. […]

Hashdex’s Bold Move to Boost Crypto ETF Appeal

Hashdex, a prominent crypto-focused asset manager, announced on Wednesday a significant initiative to waive all fees for its Hashdex Nasdaq Crypto Index Europe (HASH) fund until it reaches $1 billion in net asset value. This bold strategy underscores Hashdex’s ambition to pioneer a unique joint Exchange Traded Fund (ETF) in the U.S., featuring both Bitcoin […]