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A security breach has resulted in the loss of 2,675.73 XMR from Monero's community crowdfunding wallet. The cause and source of the breach remain unidentified. A recent attack compromised Monero’s community crowdfunding wallet , wiping out its entire balance of 2,675.73 Monero (XMR), worth nearly $460,000. The incident took place on Sept. 1 but was only disclosed on GitHub on Nov. 2 by Monero’s developer Luigi. According to him, the source of the breach has not been identified yet. "The CCS Wallet was drained of 2,675.73 XMR (the entire balance) on September 1, 2023, just before midnight. The hot wallet, used for payments to contributors, is untouched; its balance is ~244 XMR. We have thus far not been able to ascertain the source of the breach." Monero’s Community Crowdfunding System (CCS) funds development proposals from its members. “This attack is unconscionable, as they’ve taken funds that a contributor might be relying on to pay their rent or buy food,” noted in...

CoinShares analysts recorded capital inflow s for the fourth week in a row. The investments amounted to $66m between Oct. 16 and Oct. 22. The report also says that the largest revenues were in Switzerland ($45.5 million), Canada ($18.1 million) and Germany ($10.9 million). In the United States, an outflow of $8.7m was recorded. Analysts noted that the values are relatively small compared to those recorded following Blackrock’s announcement that it was filing to launch a Bitcoin ETF in June. Then, in four weeks, revenues reached $807m. You might also like: BlackRock ETF could push BTC valuation 11x, Scaramucci says 84% of total inflow s came from Bitcoin-related products. In the previous week, it was $16.4 million. Since the beginning of the year, the figure has reached $315m. Investors invested $1.7m in structures that allow them to open shorts on the first cryptocurrency, just like the week before. Continued concerns about Ethereum (ETH) led to a further outflow...

The company stated that it previously had a relationship with Signature but said it no longer has funds there. Crypto exchange Gemini had no funds at Signature Bank, and its Gemini US Dollar (GUSD) Stablecoin was not backed by any deposits at the failed bank, according to a March 13 official tweet from the company. 1/ It’s very sad to hear the news about Signature Bank. They have been incredible partners to Gemini and our industry for the better part of a decade. We have zero customer funds and zero Gemini dollar (GUSD) funds held at Signature Bank. — Gemini (@Gemini) March 13, 2023 The exchange further clarified that it had partnered with Signature in the past, stating, “They [Signature] have been incredible partners to Gemini and our industry for the better part of a decade.” However, all current reserves are held at only three United Stat banks — State Street Bank, Goldman Sachs and Fidelity — Gemini said. The company also stated that it is actively monitoring bank counte...