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Crypto Hackers Steal Over $1.2 Billion in 2024: Immunefi
August 30, 2024 01:24 AM EDT| By Team Kalkine MediaCryptocurrency-related hacks have surged significantly in 2024, with losses exceeding $1.2 billion year-to-date, according to a report by Immunefi. This represents a 15.5% increase in stolen assets compared to the same period in 2023, which saw losse...
Scammers Shift from Crypto Ponzis to Pig Butchering
August 30, 2024 01:24 AM EDT| By Team Kalkine MediaThe duration of cryptocurrency scams is shrinking as cybercriminals refine their strategies and increasingly exploit social media platforms. According to Chainalysis, a blockchain security and compliance firm, the rise of pig butchering scams in 2024...
Millions Lost in $460M Crypto Scam from Hacked Mbappé Account
August 30, 2024 01:23 AM EDT| By Team Kalkine MediaA significant incident involving the X account of football star Kylian Mbappé led to substantial financial losses for traders. The account was compromised by hackers who used it to promote a fraudulent cryptocurrency token. The scam token, purportedl...
Berkshire Hathaway Hits $1T, Approaches Bitcoin Market Cap
August 30, 2024 01:22 AM EDT| By Team Kalkine MediaWarren Buffett’s Berkshire Hathaway has achieved a valuation surpassing $1 trillion, nearly equaling the entire market capitalization of Bitcoin. Despite Buffett's known skepticism toward cryptocurrencies, particularly Bitcoin—which he has famously r...
TeraWulf Opens Bitcoin Mining Facility, Seeks Tech Partnership
August 30, 2024 01:21 AM EDT| By Team Kalkine MediaTeraWulf, the sixth-largest Bitcoin mining firm globally, is poised to enhance its operations with the upcoming launch of a new,{Bitcoin},(BTC),mining facility at the end of September. This facility, named Wulf Den, is scheduled to commence operation...
Crypto ATMs in Australia Jump 17-Fold Amid Misuse Concerns
August 30, 2024 12:21 AM EDT| By Team Kalkine MediaAustralia has experienced a dramatic increase in the number of cryptocurrency ATMs, with new installations rising 17-fold over the past two years. This growth has positioned Australia as the third-largest market globally for crypto ATMs, with 1,162 m...
Bitcoin Mining CEO Seeks Hashrate Contracts to Counter Rising Costs
August 30, 2024 12:20 AM EDT| By Team Kalkine MediaThe April 2024,{Bitcoin},(BTC),halving, which reduced the block subsidy from 6.25 to 3.125 Bitcoin, has intensified financial pressures on miners. As operational costs rise and block rewards diminish, some mining entities are struggling to maintain v...
Bitcoin Exchange Reserves Hit New Annual Low During $60K Price Retest
August 30, 2024 12:19 AM EDT| By Team Kalkine MediaBitcoin supply on cryptocurrency exchanges may signal a forthcoming bull market, provided that demand continues to rise. Data indicates that Bitcoin reserves on exchanges have recently reached their lowest level of the year, which could serve as a cr...
Dogecoin Manipulation Lawsuit Dismissed
August 30, 2024 12:18 AM EDT| By Team Kalkine MediaA US District Court Judge has dismissed a lawsuit alleging that Elon Musk and his company, Tesla, manipulated the price of Dogecoin, resulting in substantial financial losses. The decision, rendered on August 29 by Judge Alvin Hellerstein of the US D...
Revaluating Bitcoin Power Law Theory
August 30, 2024 12:17 AM EDT| By Team Kalkine MediaThe Bitcoin Power Law Theory (BPLT) represents the latest attempt to use mathematical models to forecast Bitcoin's value, drawing on the concept of power laws from physics. Despite its initial appeal, the BPLT faces significant criticisms due to its...
Fake Mbappé Token Scam Results in Profits and Losses for Participants
August 29, 2024 02:14 PM EDT| By Team Kalkine MediaA recent,cryptocurrency,scam involving a fraudulent Mbappé token has led to varying financial outcomes for those affected. In this case, one participant gained a substantial amount of money, while another experienced significant losses, highlighting...
Wealth Advisor Highlights Key Aspect of Judge Torres’ XRP Ruling
August 29, 2024 02:12 PM EDT| By Team Kalkine MediaA recent evaluation of Judge Analisa Torres' ruling on the XRP case has brought attention to a critical aspect noted by a wealth advisor. The ruling, which has generated considerable interest within the,cryptocurrency,sector, was examined for its imp...
Peter Brandt Discusses Ethereum Short-Selling Position
August 29, 2024 02:07 PM EDT| By Team Kalkine MediaPeter Brandt, a notable figure in market, has provided insights into the current state of Ethereum's price movements and its implications for short-selling strategies. The focus is on Ethereum, a prominent,cryptocurrency,, with Brandt emphasizing a s...
Polygon (MATIC) Faces 19% Downside Risk Amid Persistent Bearish Pressure
August 29, 2024 02:03 PM EDT| By Team Kalkine MediaPolygon (MATIC) is encountering ongoing bearish pressure, which has led to the identification of a potential downside risk of up to 19%. This development is rooted in the current market conditions affecting the,cryptocurrency,, characterized by a sus...
Vitalik Buterin Transfer Ethereum to Multi-Sig Wallet in Latest Donation
August 29, 2024 10:00 AM EDT| By Team Kalkine MediaIn the,cryptocurrency,sector, Vitalik Buterin, co-founder of Ethereum, has recently moved 800 ETH to a multi-signature wallet. This transfer marks another significant donation by Buterin, reflecting his ongoing commitment to supporting various initia...
Bitcoin Shows Resilience Despite U.S. ETF-Related BTC Sales
August 29, 2024 09:09 AM EDT| By Team Kalkine MediaBitcoin demonstrated notable recovery within the,cryptocurrency,sector, despite the recent sell-off of 1,782 BTC associated with U.S. exchange-traded funds (ETFs). The adjustment in Bitcoin's price follows a period of significant fluctuation triggere...
Factors Contributing to Bitcoin's Recent Selling Pressure
August 29, 2024 09:08 AM EDT| By Team Kalkine MediaBitcoin is experiencing significant selling pressure, a development that has raised considerable attention within the,cryptocurrency,sector. Various factors have contributed to the increased selling activity, highlighting ongoing challenges and shift...
Cardano is poised to benefit from the positive market sentiment
August 29, 2024 09:06 AM EDT| By Team Kalkine MediaCardano, a prominent player in the,cryptocurrency,sector, is currently under observation for its potential substantial growth. Recent assessments have highlighted the possibility of a significant upward movement in Cardano’s value, driven by a range...
The Open Network Faces Another Network Outage
August 29, 2024 09:04 AM EDT| By Team Kalkine Media{The Open Network},(TON),faced another network outage, which appears to have been triggered by a surge in users minting DOGS tokens. According to social media updates from TON, the issue began around 19:19 UTC. The TON block explorer indicates that t...
NFTs May Be Securities, But SEC Notice to OpenSea is Unproductive
August 29, 2024 09:02 AM EDT| By Team Kalkine MediaOpenSea CEO Devin Finzer announced that the company had received a Wells notice from the U.S. Securities and Exchange Commission(SEC). This formal communication from the SEC indicates that the agency believes certain non-fungible tokens (NFTs) on the...
