Editor's Choice
Chinese researchers claim to have cracked AES-256 encryption algorithms using a quantum computer, which may threaten the security of banks and cryptocurrencies 💻🔐
Chinese researchers have stated that they were able to crack cryptographic algorithms used in banks and cryptocurrencies with the help of a quantum computer. The team, led by Wang Chao from Shanghai University, applied quantum annealing on a D-Wave Systems computer to crack algorithms such as Present, Gift-64, and Rectangle, which support encryption standards like AES, widely used to protect crypto wallets.Although AES-256 is considered one of the most secure standards, scientists warn that quantum computers may become a serious threat. However, current technological limitations do not yet allow for a full quantum crack.The study was published in September 2024 in the journal of the Chinese Computer Federation.
American regulators collected $31.92 billion in settlements with crypto companies, including a record $19 billion in 2024 💰
Since 2019, American regulators have collected $31.92 billion in settlements with 25 cryptocurrency companies.In 2024, U.S. regulators received more than $19 billion, which accounts for nearly two-thirds of all settlements ever made. Most of this amount came from the bankrupt FTX and Alameda — $12.7 billion under a settlement with the CFTC in August.In 2024, eight agreements were concluded, totaling 78% more than in 2023. Among the largest settlements were Terraform Labs at $4.47 billion and Genesis at $2 billion.
Zulu Network has been hacked: Account breach on X led to phishing links, users face data leakage and loss of funds 💻🔒
Zulu Network has been hacked: The official account of the Zulu Network on the X platform was hacked, and the attackers posted phishing links. According to a report from Odaily Planet Daily on October 14, 2024, users are advised to remain vigilant and avoid interacting with this account. This incident once again highlights cybersecurity issues in the cryptocurrency ecosystem and the need for enhanced protection measures for digital asset platforms.What happened?On October 14, 2024, hackers gained unauthorized access to the official Zulu Network account and began spreading phishing links, urging users to reveal personal information or transfer funds to fraudulent wallets.
IT engineer from Newport filed a lawsuit against the city council for £495 million after losing a hard drive with 8,000 Bitcoin 💻
James Howells, an IT engineer from Newport, has filed a lawsuit against the city council for £495 million after accidentally discarding a hard drive containing 8,000 bitcoins. He has been trying to obtain permission to dig at the local landfill, where the drive is presumably located, but the council has repeatedly denied his requests, citing environmental risks.Howells threw away the drive in 2013, when his bitcoins were worth around £1 million, and now their value is approaching half a billion. Despite offering the city 10% of the recovered bitcoins, the council continues to refuse the excavation.
Dubai Virtual Assets Regulatory Authority fines seven crypto companies up to 100,000 dirhams for lack of licenses and violating marketing rules 🌐💰
Bitnomial filed a lawsuit against the SEC, challenging control over XRP futures worth 100,000 units of the cryptocurrency 💼
Elon Musk presents Tesla Cybercab featuring Dogecoin symbol 🐕 Community discusses the possibility of buying a car with Dogecoin 🚗
The Singapore-based cryptocurrency exchange Fairdesk will cease trading on October 17 and completely shut down on November 30, 2024 🏦
TikTok is laying off fewer than 500 employees in Malaysia and planning global cuts with a shift to AI for content moderation 🌐
Grayscale updates the list of assets by adding 36 crypto projects, including Dogecoin and Arbitrum 💵
The SEC exposed a $42 million cryptocurrency market manipulation scheme involving Gotbit 💥
Karate Combat will launch a layer-2 blockchain network based on Hedera in 2025 and offer the KARATE token for fight predictions 🥋
Arkham Intelligence is preparing to launch a derivatives exchange in November and is moving its headquarters to the Dominican Republic, closing offices in London and New York 🌍
Arkham Intelligence, a blockchain data analytics company backed by OpenAI’s Sam Altman, has hinted at the launch of a derivatives exchange in November.The company plans to close its offices in London and New York and relocate its headquarters to Punta Cana (Dominican Republic) to take advantage of the free trade zone.Sources report that the new derivatives exchange will be focused on retail investors and will offer a user-friendly platform with competitive features to rival existing market giants. However, the exchange will not be available to U.S. investors due to regulatory restrictions.The launch of Arkham's derivatives exchange is a response to the growth of the crypto market and opens opportunities for new players after the collapse of FTX.
World Liberty Financial will launch WLFI token sale on October 15 with the support of Donald Trump and his family, aiming to raise $300 million through the Aave v3 platform on Ethereum 🔥
The World Liberty Financial (WLFI) project, supported by Donald Trump and his family, announced the start of token sales on October 15, just three weeks before the presidential election in which Donald Trump is the Republican candidate. The sale will be open to anyone who has qualified through the project’s whitelist, as announced on the project’s official social media account.The World Liberty Financial project is led by Zachary Falkman and Chase Harrow, who previously worked on the Dough Finance DeFi platform, which was hacked in July, resulting in the theft of $2 million in crypto assets.Members of the Trump family, including Donald Trump himself, are actively supporting this project on social media. Donald Trump has been named the “Chief Crypto Advocate,” while his sons Eric Trump and Donald Trump Jr. serve as “Web3 Ambassadors,” and his youngest son Barron Trump has been designated as the “DeFi Visionary.”According to the project’s roadmap, WLFI plans to raise $300 million through the sale of tokens, valuing the company at $1.5 billion. The new WLFI token will serve as a governance token for the protocol, giving users voting rights on the project’s development issues. The project plans to launch on the Aave v3 platform on Ethereum to provide liquidity for assets such as Ether (ETH), wrapped Bitcoin (wBTC), stablecoins, and other digital assets.
Ripple co-founder Chris Larsen makes a $1 million donation in XRP tokens to Kamala Harris's campaign through Future Forward PAC 💰
Chris Larsen, co-founder of Ripple, donated $1 million in XRP tokens to the Future Forward PAC, supporting Vice President Kamala Harris's campaign.According to data from the Federal Election Commission, the donation, made on August 14, was transferred in the form of 1.7 million XRP tokens. This is the first cryptocurrency donation to Harris's campaign. The Future Forward PAC, which accepts crypto donations through Coinbase Commerce, automatically converts them into the stablecoin USDC to avoid volatility.Larsen's donation holds special significance as Ripple continues its legal battle with the U.S. Securities and Exchange Commission (SEC).
OKX launched a licensed cryptocurrency exchange in the UAE with support for BTC/AED, ETH/AED, and USDT/AED, offering a full range of services for retail and institutional investors 💰
OKX, a global technology company, has opened a licensed cryptocurrency exchange for retail and institutional investors in the UAE. This move follows measures taken by the Virtual Assets Regulatory Authority (VARA), which recently acted against unlicensed companies operating in Dubai.VARA announced fines and sanctions against seven companies that violated the regulations. These measures highlight the authorities' commitment to creating a safe and transparent environment for investors.The launch of OKX was accompanied by an event at the Museum of the Future, featuring prominent figures such as OKX CEO Star Xu and Manchester City manager Pep Guardiola. Verified users from the UAE will have access to spot trading, exchange, and other products.
Best news of the last 10 days
Arkham Intelligence announces the launch of a cryptocurrency derivatives exchange in Punta Cana 💹 with the support of Sam Altman, targeting retail investors and excluding clients from the USA 🌟
The SEC has filed a lawsuit against Cumberland for acting as an unregistered securities dealer in excess of $2 billion in cryptocurrencies 🎯
Bitget launches Telegram App Centre with over 600 mini-apps, providing access to airdrop opportunities and play-to-earn games directly from exchange accounts 🎮📱
A Nigerian court has denied bail to Binance executive Tigran Gambaryan, who has been in custody for over 220 days despite his deteriorating health ⚖️
Rimar Capital paid a $310,000 fine in the SEC case over falsifying AI capabilities to raise $4 million on a cryptocurrency and stock trading platform 💰⚖️
Trading firm Rimar Capital has settled charges with the SEC, which accused it of falsifying AI capabilities to raise nearly $4 million from investors.CEO Itai Lipz and board member Clifford Boro agreed to pay a $310,000 fine without admitting or denying the charges. The SEC said they used AI-related terms to promote a non-existent cryptocurrency and stock trading platform.The company also inflated its assets under management and performance figures, and part of the raised funds were used by Lipz for personal needs.
Tesla (NASDAQ: TSLA) loses more than 6% 📉, while Uber (NYSE: UBER) rises by 4.72% 📈 amid the presentation of the Cybercab 🚖 and the expansion of its partnership with Waymo 🚗.
Tesla (NASDAQ: TSLA) and Uber (NYSE: UBER) showed different results amid the latest news about the development of their autonomous technologies.On October 10, 2024, Elon Musk presented the new robotaxi "Cybercab" at the "We, Robot" event, which is expected to go into production by 2026 at a price of less than $30,000. The vehicle, without a steering wheel and pedals, promises low operating costs — 20 cents per mile. However, investors were disappointed by the lack of specific timelines and plans, which led to Tesla shares dropping by more than 6% in pre-market trading.Unlike Tesla, Uber continues to build success thanks to the expansion of its cooperation with Waymo, announced in September 2024. The companies plan to deploy robotaxi services in Austin and Atlanta by 2025. This led to Uber shares rising by 4.72%.
South Korea recognizes cryptocurrencies, including Bitcoin, as part of joint marital property and allows their division in divorces 💼💱
Spouses in South Korea can now divide cryptocurrency assets in divorce cases, as the law recognizes them as part of joint marital property. According to IPG Legal, under Article 839-2 of the Korean Civil Code, spouses can claim the division of both tangible and intangible assets, including cryptocurrencies.The South Korean Supreme Court in 2018 confirmed that cryptocurrency possesses economic value and is considered property, making it possible to include it in the list of assets subject to division during a divorce. If one spouse knows about the existence of cryptocurrency wallets belonging to their partner, the court may initiate a "fact investigation" to determine the value of these assets.A unique aspect of cryptocurrencies is that all transactions are stored on the blockchain, making the process of tracking investments easier compared to cash.
Fidelity Investments launches blockchain money market fund to speed up transactions and compete with BlackRock and Franklin Templeton 💰📈
Fidelity Investments, an international asset management company, is preparing to launch a new money market fund based on blockchain technology, aimed at speeding up financial transactions and expanding its user base.On September 26, 2024, Fidelity filed documents with the U.S. Securities and Exchange Commission (SEC), reporting plans to create a money market fund operating on blockchain technology. This move aims to increase the speed and efficiency of transactions, making them simpler and more convenient.Fidelity’s fund will compete with BlackRock, whose similar fund has already attracted over $500 million in investments, as well as with Franklin Templeton, which launched a tokenized fund on the Aptos platform and made it available on Ethereum via Arbitrum, Stellar, and Polygon, thereby raising the bar for Fidelity. However, Fidelity has already begun the process of tokenizing shares of its money market fund through the Onyx Digital Assets platform, based on Ethereum, developed by JPMorgan.