Day: July 12, 2024

Turbulence in Meme Coin Market: Bonk, Pepe, and Brett Lead Losses

In a volatile turn of events, meme coins Bonk, Pepe, and Brett have emerged as some of the biggest losers in the cryptocurrency market over the past day. Data from CoinGecko indicates that these tokens have experienced significant declines, outpacing the general downturn observed across the broader meme coin sector. Bonk (BONK), originating from the […]

SEC Clears Stacks and Hiro Systems After Lengthy Investigation

The U.S. Securities and Exchange Commission (SEC) has concluded its investigation into Stacks, a Bitcoin scaling network, and its original developer Hiro Systems. This closure, confirmed through a recent filing, marks the end of a scrutiny that began in 2021, even though Stacks contributors (formerly known as Blockstack) had claimed their token sale was SEC-qualified […]

UK’s First Monero Crypto Seizure Ends in Landmark Payout

In a landmark case, a British man, Jack Edward Finney, was convicted of selling deadly weight loss pills and caught in a complex financial web involving Monero, a cryptocurrency known for its privacy-centric features. Finney’s illegal activities led to the UK’s first ever seizure and subsequent sale of Monero, valued at £15,000 (approximately $19,350), by […]

Unveiling the Scope: DeFi’s DNS Hijack and Its Implications

In the shadow of a sophisticated DNS hijacking attack targeting decentralized finance (DeFi) platforms, new details have surfaced regarding its magnitude and mechanics, provided by blockchain security experts at Blockaid. The breach exploited vulnerabilities within DNS records hosted on Squarespace, redirecting them to nefarious IP addresses involved in known malicious activities. Ido Ben-Natan, co-founder and […]