Infamous Blockchain Bandit Returns: $172M in Stolen ETH
The notorious “Blockchain Bandit” has resurfaced, consolidating 51,000 ETH worth over $172 million from 10 dormant wallets into a single multi-signature wallet, according to crypto investigator ZachXBT. This marks the largest movement of stolen funds by the attacker since their last known activity in 2018. Who is the Blockchain Bandit? For those unfamiliar, the Blockchain […]
Russia Moves Toward Mandatory Digital Ruble Adoption
A significant legislative move has been made in Russia’s State Duma, proposing mandatory adoption of the digital ruble, the nation’s central bank digital currency (CBDC). Spearheaded by Anatoly Aksakov, head of the Duma Committee on Financial Markets, the bill sets out a phased plan to modernize Russia’s payment ecosystem. Key Features of the Bill Implementation […]
Solana Co-Founder Sued Over Crypto Dispute
Stephen Akridge, co-founder of Solana and former principal engineer at Solana Labs, is facing a lawsuit from his ex-wife, Elisa Rossi, over allegations of secretly profiting from staking rewards tied to her Solana (SOL) tokens. The lawsuit, filed in San Francisco’s Superior Court on December 24, claims Akridge earned “millions of dollars” from staking her […]
Michael Saylor Hints at More Bitcoin Buys
Michael Saylor, co-founder of MicroStrategy, has once again sparked speculation about the company’s next big Bitcoin acquisition. On December 28, Saylor shared cryptic remarks on social media platform X, referencing the SaylorTracker portfolio, which monitors MicroStrategy’s Bitcoin purchases. “Disconcerting blue lines on SaylorTracker,” he wrote, leaving followers to speculate that another significant buy could be […]
Trump’s Bitcoin Reserve Proposal Sparks Debate
In a recent post on X, CryptoQuant CEO Ki Young Ju expressed skepticism about the U.S. adopting a Bitcoin reserve under the incoming Trump administration. While acknowledging Bitcoin’s potential as a strategic asset, Young Ju questioned whether the U.S. would embrace such a move, given its current global dominance. “For the debate to gain serious […]
Hamster Kombat Moves to Layer-2 on TON Blockchain
Once a powerhouse in the Play-to-Earn (P2E) gaming space, Hamster Kombat is setting its sights on a comeback. The Telegram-based P2E game has announced plans to launch a Layer-2 scaling solution on the TON blockchain, marking a pivotal step forward after securing approval via its Decentralized Autonomous Organization (DAO). Layer-2 scaling promises to boost utility, […]
Do Kwon’s Extradition to the U.S. Approved
The extradition of Do Kwon, co-founder of Terraform Labs, to the United States has been approved by Montenegro’s Minister of Justice, Bojan Božović. This decision follows Montenegro’s Constitutional Court’s dismissal of Kwon’s appeal, concluding a prolonged legal battle that involved multiple reversals and appeals. Decision Details While prosecutors from both the U.S. and South Korea […]
Ethereum’s Pectra and Fusaka Upgrades
Ethereum is on the brink of significant evolution with the upcoming Pectra upgrade, scheduled for Q1 2025. Building on Ethereum’s existing framework, this upgrade introduces pivotal enhancements like faster validator recognition and expanded staking limits, laying the groundwork for its highly anticipated successor, Fusaka. Together, these upgrades aim to redefine Ethereum’s capabilities, particularly within decentralized […]
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