Author: CryptooTimes
BtcTurk, a leading crypto exchange in Turkey, suffered a cyber attack, resulting in unauthorized access to several of its hot wallets. The exchange stated that it had detected a cyber attack on its platform, with hackers managing to steal crypto balances from some of its hot wallets. The breach impacted at least 10 different cryptocurrencies. BtcTurk, one of Turkey’s largest cryptocurrency exchanges, said it was attacked on June 22, and cryptocurrency deposits and withdrawals have been stopped. Officials said that some balances in the hot wallets of 10 cryptocurrencies were affected, and the cold wallets that hold…— Wu Blockchain (@WuBlockchain)…
Cryptocurrency portfolio manager CoinStats has assured users that the security breach has been “mitigated” and it will provide updates in due course.
The ratio has declined 35% in one month, reaching the lowest since March 13.
Despite the broader cryptocurrency market experiencing a significant downturn, Pendle (PENDLE) has managed to buck the trend, soaring over 17% this week, with its market cap inching closer to the $1-billion mark. At the time of writing, Pendle is trading at $6.23, up from $4.90 just a day ago. This increase has pushed Pendle’s market capitalization to over $968 million, positioning it as one of the top-performing cryptocurrencies in the current market environment. Pendle currently holds the 84th position on CoinGecko’s rankings. According to technical analysis, the token may reach a price range of between $175.37 to $263.05, with an…
The CEO of Bubblemaps joined the Space to watch and was treated to an “absolutely savage” show.
Exaion, which helps industries with digital transformation by focusing on addressing the energy efficiency of data centers, joins a pool of 32 validators on Cronos’ open-source Ethereum Virtual Machine (EVM) protocol. Cronos EVM interoperates with Ethereum and the Cosmos network and uses a proof-of-authority consensus mechanism.
This week, blockchain startups and various crypto projects collectively raised more than $100 million in venture capital (VC). Here’s a roundup of the funding activities between June 16 and June 22. The activity reflects a growing interest in diverse blockchain applications, from gaming and social networks to advanced cryptographic security. PQShield raises $37m in series B round Security startup PQShield emerged as this week’s biggest winner. It closed a $37 million Series B round to enhance its post-quantum cryptography solutions. Led by Addition, the funding round also included new investors such as Braavos Capital, Legal & General, and Chevron Technology…
The U.S. Securities and Exchange Commission has dropped its case against Ether. However, in another crypto case, the regulator still demands billions in penalties from Ripple.
“When the price of Bitcoin falls, memecoins tend not only to follow, but to lose an even greater share of their value,” shared Neil Roarty, analyst at investment platform Stocklytics, in a Thursday email to CoinDesk. “Any plans for a memecoin summer may have to be put on hold.”
Fresh U.S. court filings have revealed that Montenegro Prime Minister Milojko Spajic personally invested in fugitive Do Kwon’s Terraform Labs crypto project years before the company’s collapse. Montenegro PM invested in Terraform Labs According to Bloomberg, citing court filings, Spajic invested in Terraform Labs, the company behind the failed Terra Luna coin. Before assuming his PM office, Spajic — a crypto entrepreneur in his own right — invested invested $75,000 in Terraform Labs in 2018. He acquired 750,000 LUNA tokens at 10 cents each. At its peak, LUNA’s value soared to $199 per token, potentially making Spajic’s investment worth over…
