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The crypto currency market faces a new multi- million aire criminal event on November 10. On this Friday, more than $117 million was reportedly stolen from Poloniex, a centralized exchange owned by Justin Sun, founder of Tron (TRX). Justin Sun commented on X at 11:42 am UTC about the hack incident: “We are currently investigating the Poloniex hack incident. Poloniex maintains a healthy financial position and will fully reimburse the affected funds. Additionally, we are exploring opportunities for collaboration with other exchanges to facilitate the recovery of these funds.” — Justin Sun (@justinsuntron)  So far, 107 cryptocurrencies have been stolen for amounts superior to $10,000 each, out of the $117.20 million identified by Arkham Intelligence , at the time of publication. Ponoliex hacker address. Source: Arkham Intelligence What cryptocurrencies were stolen by the Poloniex Hacker? Banking JPMorgan implements programmable payments using blockchain tech ...

The Institute of Crypto-Assets held a formal opening at the Léonard de Vinci center in the business district just outside of Paris. On Nov. 8, the first-of-its-kind Institute of Crypto-Assets held a formal opening at the Léonard de Vinci center in the business district just outside of Paris.  The Institute will support and conduct research related to blockchain technology and crypto currencies. Its scientific board includes 11 experts from major French educational institutions, such as the National Center for Scientific Research (CNRS) and École polytechnique. A committee of 6 practitioners, including co-founder of Ledger, Nicolas Bacca, and founder of the crypto exchange Paymium, Pierre Noizat, will also oversee the work of the Institute. According to Cyril Grunspan, the director of the Cryptoassets Institute, it will focus primarily on educational goals: “Our goal is not to lobby but to create a forum for discussion on cryptoassets.” Two lectures accompanied the opening: histori...

When it comes to privacy and regulation, could Vitalik Buterin’s Privacy Pools be the answer? Ethereum co-founder Vitalik Buterin recently authored a research paper, the primary focus of which was integrating privacy features into blockchain transactions while ensuring compliance with a range of regulatory requirements. Experts from various backgrounds collaborated on this research project, including early Tornado Cash contributor Ameen Soleimani, Chainalysis chief scientist Jacob Illum, and researchers from the University of Basel. The diverse team reflects the interdisciplinary nature of the research, drawing insights from crypto currency, blockchain security and academic scholarship. The paper suggests a protocol known as “Privacy Pools,” which can act as a regulation-compliant tool aimed at improving the confidentiality of user transactions. How do Privacy Pools work? Privacy Pools, as Buterin and the team explain in the research paper, aim to protect the privacy of transactions ...

K33 Research’s report shows the crypto market exhibits a bullish trend as Bitcoin maintains a steady trading range and altcoin s, like Solana, experience significant gains amid new technological developments and market speculation. In recent weeks, the crypto market has shown signs of bullish behavior, with particular attention on the movements of Bitcoin and a variety of altcoins, as detailed in a recent K33 Research report. Stability marks Bitcoin’s current state, as its value oscillates between $34,000 and $36,000. This steadiness, however, has come with a slight reduction in its market dominance, which has dipped from 53.1% to 51.5%. BTC dominance has declined from 53.1% to 51.5%, caused by non-ETH altcoin s pushing higher. Simultaneously, Bitcoin derivatives markets are growing more optimistic. Read more, including the monthly outlook, in this week's Ahead of the Curve https://t.co/miuF6Vzose pic.twitter.com/ekwsNCWb8j — K33 Research (@K33Research) Nove...

Singapore’s central bank and financial regulator is seeking closer cross-border collaboration for its asset tokenization project. The Monetary Authority of Singapore (MAS), the country’s central bank and financial regulator, is planning to start crypto -related cooperation with some European countries and Japan. The MAS officially announced on Oct. 30 that it is partnering with the Financial Services Agency of Japan (FSA), the Swiss Financial Market Supervisory Authority (FINMA) and the United Kingdom’s Financial Conduct Authority (FCA) to promote joint digital asset pilots . The authority specifically seeks to carry out such pilots in relation to fixed income, foreign exchange and asset management products. The initiative builds upon Singapore’s ongoing asset tokenization project known as Project Guardian, which was launched in 2022. Under the MAS Project Guardian, Singapore’s central bank collaborated with 15 financial institutions to complete pilots on asset tokenization, which ...

The crypto currency market has been trading in a consolidation range since the middle of the week after a price surge initiated on October 19. However, three crypto currencies continue to reap significant gains this Saturday (October 28). Notably, THORChain (RUNE), Injective (INJ), and Render (RNDR) demonstrate continuation in a bullish trend for 9.34%, 6.95%, and 6.06% gains, respectively. Finbold retrieved the mentioned data from CoinMarketCap’s top gainers index in the last 24 hours, among the top 100 cryptocurrencies. 24-hour top gainers among the top 100 cryptocurrencies. Source: CoinMarketCap Meanwhile, the CRYPTOCAP index entered the consolidation range between $1.20 trillion and $1.26 trillion total market capitalization. This index created by TradingView measures the market cap of all crypto currencies. At the time of writing, the crypto currency market value is at $1.23 trillion, in the middle of the mentioned consolidation range. Total crypto market capitalization in...

Four South Korean citizens are facing execution amid allegations that they kidnapped and murdered a woman over a failed crypto investment.  Lee Kyeong-woo, Hwang Dae-han, and Yeon Ji-ho were all indicted for kidnapping the 48-year-old victim in the Gangnam Ward, Seoul, on March 29. It’s claimed that they murder ed her the following day. Prosecutors allege that the accused were paid 70 million won ($51,000) by Yoo Sang-won and Hwang Eun-hee after the couple purchased 100 million won ($74,000) worth of virtual currency and invested 3 billion won ($2.2 million) at the victim’s recommendation in October 2020. Yoo and Hwang reportedly became embroiled in a dispute with the victim over the investment in struggling crypto ‘ fine dust coin ‘ when its price plummeted and they began to incur losses. Lee then allegedly suggested they steal the victim’s crypto and kill her. Lee, Yeon, and Hwang Dae-han are then alleged to have buried the victim 140km south of the ...

In a consultative document, the Basel Committee said the measures would reduce information asymmetry among banks and market participants. Financial institutions might soon be required to disclose their exposure to crypto currencies. The Basel Committee on Banking Supervision, headquartered at the Bank for International Settlements (BIS), has published a draft guidance on how banks should work with crypto holdings. The international committee is a conglomerate of bank supervisors from 28 jurisdictions, including powerhouses like the U.S., U.K., and European Union. A consultative document published on Oct. 17 proposed requiring banks to disclose activities “related to crypto assets and the approach used in assessing the classification conditions.” Under the proposals, banks would also have to disclose information on how they account for classifying exposures to cryptocurrencies, liabilities, and liquidity. Should the Committee agree on the proposal by Jan. 31, 2024, th...

Tzahal, the Israeli Defense Force, sanctioned several Binance accounts and wallets on Tron’s blockchain. Israelis allege they belong to Palestinian Islamic Jihadists. An analysis by ChainArgos shows that those Tron wallets received 93.7 million Tether (USDT), much of which came from Audax Trading, a crypto scam. Although the owner(s) of these wallets — allegedly Islamic jihadists , according to Tzahal, and widely assumed on social media to overlap with Hamas members — have subsequently withdrawn all funds from them, the connections are particularly salient given the recent onset of war between Israel and Palestine .  Hamas recently fired thousands of rockets from Palestine into Israel and Israel responded with a declaration of war. Israeli forces are now conducting airstrikes on the Palestinian capital Gaza and Israel’s defense minister has ordered an evacuation of civilians from the city as Tzahal prepares a major military assault . Terrorists have accounts at Binance...

Author：0xMingyue Editor：Colin Wu 1. Israel’s War Spurs Crypto Companies like Fireblocks and MarketAcross to Launch Aid Funds link On October 10th, Israel’s crypto and web3 community announced the establishment of the “Crypto Aid Israel” relief fund to raise funds for Israeli citizens who have been displaced and require humanitarian aid due to the conflict with Hamas. This organization will host a multisignature wallet jointly controlled by multiple parties to collect donations denominated in various cryptocurrencies, including BTC, ETH, USDT, and USDC. As of now, the alliance’s members include Fireblocks, MarketAcross, Collider Ventures, CryptoJungle, and the Israel Blockchain Association, with crypto custody platform Fireblocks responsible for managing these assets. 2. Hamas-Related Wallets Once Received Around $41 Million in Cryptocurrency link On October 11th, according to The Wall Street Journal, the Israeli government’s seizure orders and blockchain Analysis reports indicate that...

Seven people have been arrested following a robbery that saw a Brazilian businessman lose R$1.2 million ($237,000) worth of crypto and his family held hostage at gunpoint for three hours. According to the Santa Catarina Civil Police, the group entered the victims’ home in Praia Brava in January and used threats of violence against family members and employees to extort crypto , jewelry, electronics, and cash.  In response, authorities launched an investigation that saw temporary arrest warrants issued for eight suspects. During the so-called ‘blockchain operation,’ police tracked down the stolen crypto, following transfers to numerous wallets in Argentina and Peru, and ultimately seizing R$1.2 million worth of funds . Fintech owner laundered millions with bitcoin for ‘finger cutter’ drug lord, police say Read more: Brazil gang caught laundering illegal gold with crypto Brazilian authorities, working with Interpol, arrested two residents of Buenos ...

The director of the U.S. Consumer Financial Protection Bureau is contemplating the issuance of guidelines regarding the applicability of crypto assets to the Electronic Fund Transfer Act (EFTA). The principal U.S. agency responsible for safeguarding consumer financial interests is exploring the utilization of the EFTA as a safeguard against fraudulent cryptocurrency transactions. Speaking at a payments conference hosted by the Brookings Institution think tank on October 6th, Rohit Chopra, the director of the Consumer Financial Protection Bureau (CFPB), disclosed that his agency is actively exploring the potential extension of the EFTA’s coverage to encompass “private digital currencies and other virtual tokens.” Chopra emphasized that the CFPB’s aim is to mitigate the adverse effects of errors, cyberattacks, and unauthorized transfers within the crypto sphere. To achieve this, the bureau is considering providing comprehensive guidance to industry participants, a...

In a sweeping survey orchestrated by the cryptocurrency exchange Bitget, spanning across 20 nations, an eclectic ensemble of more than 1,500 respondents lent their voices to the discourse. A staggering 50% of crypto enthusiasts, spanning the globe, are channeling their invest ments into the digital frontier with the lofty aspiration of ameliorating their quotidian standards of living . In a recent revelation from the hallowed halls of Bitget, unveiled on October 5th, a fascinating mosaic of financial aspirations came to light. An astounding 46%, 44%, and 41% of survey participants hailing from the vibrant landscapes of South Korea, Canada, and Turkey, respectively, ardently articulated their fervent desire to elevate their living standards through digital asset invest ments. Meanwhile, across the seas in Malaysia and Taiwan, a noteworthy 36% of respondents prioritized the enhancement of their family’s quality of life above all else. A captivating revelation emerged as 27% of ...

Is Mining Bitcoin Worth It? A Comprehensive Guide Bitcoin has become a global phenomenon, capturing the attention of investors and enthusiasts alike. While many people are familiar with investing in Bitcoin, there is another way to acquire this digital currency: through mining. But is mining Bitcoin worth it? In this comprehensive guide, we will explore the process of Bitcoin mining, the potential profitability, and the factors to consider before diving into the mining world. Also read: Gary Gensler Says Bitcoin is Not a Security, Refuses to Say It’s a Commodity Source: cnbc.com Understanding Bitcoin and Mining Before we delve into the details of mining Bitcoin, let’s first understand what Bitcoin is. Bitcoin is a decentralized digital currency that operates on a technology called blockchain. It is not controlled by any central authority or government, making it a peer-to-peer form of currency. Mining Bitcoin, on the other hand, is the process of validating transac...