Editor's Choice
Israel has approved the launch of six Bitcoin mutual funds with fees ranging from 0.25 percent to 1.5 percent, set to launch on December 31, 2024, providing investors with a new way to enter the cryptocurrency market 📈
Israel has approved six mutual funds focused on Bitcoin, set to launch on December 31, 2024. The funds will be offered by major companies such as Migdal and Phoenix, with fees ranging from 0.25 percent to 1.5 percent. Transactions will occur once a day, but flexibility may be possible in the future. This marks the first time Israeli investors will have access to Bitcoin funds, highlighting the country's growing interest in cryptocurrencies despite issues with local banks and tax authorities.
The account of Animoca Brands co-founder Yat Siu was hacked to promote a fake MOCA token on the Solana platform. The token's price dropped by more than 80 percent just a minute after the post 💻
The account of Animoca Brands co-founder Yat Siu was hacked to promote a fake MOCA token. The hackers used his X account to post a link to the token issued on the Solana platform. This incident is part of a series of attacks in which hackers used phishing to obtain users' passwords and two-factor authentication. After the token MOCA was posted, its price sharply rose to $36,000 but soon dropped to $6,200, and the trading volume virtually disappeared.
SBI VC Trade has entered into an agreement with DMM Bitcoin to transfer assets and user accounts, which will be transferred to the platform on March 8, 2025, after the hack and theft of 320 million dollars 💼
SBI VC Trade has entered into an agreement with DMM Bitcoin to transfer its assets. DMM users' accounts will be automatically transferred to the SBI platform on March 8, 2025. The decision was made after DMM Bitcoin was hacked in May 2024, when hackers stole 320 million dollars, including 4,500 bitcoins. According to the FBI, the attack was carried out by the North Korean hacker group TraderTraitor, who used a front recruiter to gain access to cryptocurrency wallet systems.
South Korea imposes sanctions on 15 North Korean citizens and one organization for involvement in cybercrimes, including cryptocurrency theft and cyberattacks on global IT companies 🚨
South Korea has imposed sanctions on 15 North Korean individuals and one organization for cybercrimes, including cryptocurrency theft. All of them are linked to Bureau 313, which oversees weapons production in North Korea. Among those sanctioned is Kim Chol-min, who posed as an IT company employee and transferred money to Pyongyang. North Korean hackers are also involved in the largest cryptocurrency thefts, including the $308 million theft from the Japanese exchange DMM Bitcoin.
Russia has officially permitted the use of Bitcoin and cryptocurrencies for international transactions, is legalizing mining, and expanding alternatives to the dollar under sanctions 🌍
Scammers are attacking cryptocurrency owners through Google Ads, redirecting them to a fake Pudgy Penguins site to steal data and access crypto wallets 🐧
Ripple introduced the stablecoin Ripple USD (RLUSD) on the Independent Reserve exchange in Singapore with support for trading in pairs with the Singapore Dollar and the US Dollar, as well as through the over-the-counter service 🌏
Turkey introduces new rules for cryptocurrency transactions over 15,000 Turkish liras: mandatory user identification and blocking of suspicious transfers 🔒
A hacker breached 15 cryptocurrency accounts on X, stole $500,000 by spreading fake meme coins using phishing and fake copyright infringement notifications 📧
Kraken and the SEC filed a joint statement and proposed order after the court rejected the exchange's request to compel the production of documents regarding Bitcoin, Ethereum, and the SEC's internal trading policies 📑
Bitget has announced a strategic partnership with SunPump to develop meme coins on TRON, including support for accelerated listing, marketing, and innovative projects 💡
North Korean hackers used LinkedIn to steal 4,502.9 BTC (308 million dollars) from DMM Bitcoin, causing the company's closure, but no losses were recorded among users 🚫
Elon Musk's xAI raised $6 billion in a Series C round, increasing its valuation to over $40 billion, directing funds toward the development of AI products and the Colossus supercomputer 🤖
Elon Musk's company xAI announced the raising of $6 billion in a Series C round, significantly increasing its valuation to over $40 billion. These funds will be used for the further development of AI products, including the enhancement of the Grok model and the expansion of the Colossus supercomputer in Memphis, which utilizes 100,000 Nvidia GPUs for training. In 2024, xAI has already raised $12 billion. It is also expected that the new version of the Grok 3 model, with improved performance, will soon be available to users.
In Russia, from January 1, 2025, a six-year ban on cryptocurrency mining will be introduced in ten regions due to high energy consumption, and temporary restrictions may be imposed in other regions ⛔
Starting from January 1, 2025, a ban on cryptocurrency mining will come into effect in ten regions of Russia, including Dagestan, North Ossetia, and Chechnya, which will last until March 15, 2031. Participation in mining pools will also be prohibited, and temporary restrictions will be imposed in other regions during peak loads on the power grid. The reason is the high energy consumption of mining. The list of affected regions may change depending on the demand for electricity.
Fraudsters deceive cryptocurrency users using multi-signature wallets and seed phrase publications in YouTube comments, luring into a trap with TRX and USDT 🚨
Fraudsters deceive cryptocurrency users by luring them into a trap with multi-signature wallets. They leave comments under YouTube videos asking for help to transfer funds, publishing seed phrases to access the wallet. However, to withdraw funds, several signatures are required, and the victim, trying to transfer TRX, loses the money sent to another wallet. Kaspersky warns users about the importance of protecting their seed phrases and being wary of such schemes.
Mercado Bitcoin has integrated the INJ token, the native currency of the Injective blockchain, allowing users to exchange INJ for Brazilian real and use decentralized finance 🚀
The Brazilian cryptocurrency exchange Mercado Bitcoin has integrated the INJ token, the native currency of the Injective blockchain. More than 3 million users can now exchange INJ for Brazilian real and interact with the Injective ecosystem, including decentralized financial services. After the integration announcement, the value of INJ increased by 15.6 percent. Mercado Bitcoin continues to expand opportunities for users in Brazil by forming strategic partnerships with leading blockchain projects to improve financial accessibility in the region.
Best news of the last 10 days
In Hyderabad, 21 people have been arrested for withdrawing 8.2 million rupees from the bank accounts of cybercrime victims and transferring the money to cryptocurrency linked to Dubai 💸
Crypto.com launches Crypto.com Custody Trust Company in the US for digital asset custody for clients from the US and Canada, including institutional and wealthy users 💼
Google will allow ads for cryptocurrency hardware wallets starting in January 2025: new requirements for advertisers from the UK, certification, and compliance with local laws 🔒
Uniswap is launching Unichain — a Layer 2 solution for DeFi based on the OP Stack with a public mainnet in early 2025, offering 250 ms block times and improved security through error-mitigation 🚀
South Korea and the United States have started joint research to develop technologies to protect cryptocurrency platforms from hacker attacks linked to North Korea and track stolen assets 🔒
South Korea and the United States have started joint research to protect against cryptocurrency thefts organized by hackers linked to North Korea. The countries will develop technologies to prevent attacks on cryptocurrency platforms and track stolen assets. Scientists from Korea University and the RAND Institute, with support from the U.S. Department of Homeland Security, will focus on methods of protection and tracking financial flows through illegal activities, including ransomware programs. The initiative is relevant amid the rising prices of Bitcoin, which increase the risks of hacker attacks.
North Korean hackers lost $700,000 on Hyperliquid, raising concerns about testing system vulnerabilities before attacks. DPRK's cryptocurrency thefts amounted to $1.34 billion in 2024 💥
North Korean hackers lost $700,000 while trading on the Hyperliquid platform, raising concerns about testing the system for potential attacks. A Taiwanese expert offered help in securing the platform, noting the high qualifications of DPRK hackers using zero-day vulnerabilities. In 2024, North Korean hackers stole $1.34 billion in cryptocurrency, which accounted for more than half of all thefts. The US and UAE also imposed sanctions on Chinese citizens and their company involved in money laundering to finance North Korea's nuclear programs.
Trump appointed Stefan Myrano as Chairman of the Council of Economic Advisers, a supporter of cryptocurrencies, continuing the drive to make the U.S. the "cryptocurrency capital of the world" 🚀
U.S. President Donald Trump appointed Stefan Myrano, a former Treasury official from his first administration, as Chairman of the Council of Economic Advisers (CEA). Myrano, known for his support of cryptocurrencies, will advise the president on economic matters and develop recommendations for growth and stability. This appointment continues Trump's cryptocurrency strategy, as he previously stated his intention to make the U.S. the "cryptocurrency capital of the world."
Italy fines OpenAI 15 million euros for data privacy violations and demands a six-month campaign to inform users about data collection for ChatGPT 📊
The Italian Data Protection Authority fined OpenAI 15 million euros and demanded a six-month informational campaign about the data collection and use of ChatGPT. The regulator noted that the company failed to notify about the data breach in March 2023 and used personal data of users without legal grounds. Additionally, there was no age verification system, which could have allowed minors to access inappropriate content. The campaign must explain users' rights to opt-out and delete data under GDPR.