Wallets
Wallets

FTX suspends user accounts amid Kroll cyber breach concerns

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  • August 28, 2023

FTX took the decision as a proactive measure to prevent any potential future incidents or additional harm following the recent hack. NEWS Following the recent Kroll cybersecurity breach, bankrupt crypto exchange FTX has temporarily suspended accounts of impacted users accessing its claims portal. FTX announced the decision on X (formerly Twitter) as a proactive measure to prevent […]

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Wallets

Balancer exploited in nearly $900k after vulnerability warning

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  • August 28, 2023

DeFi protocol Balancer was exploited just a few days after disclosing a vulnerability affecting its boosted pools. NEWS Ethereum automated market maker and decentralized finance protocol Balancer was exploited for nearly $900,000, the protocol confirmed on X (formerly Twitter) on Aug. 27, just days after disclosing a vulnerability that affected several pools. An Ethereum address […]

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Wallets

Bitcoin revenue per terahash nears record lows as hashrate soars

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  • August 28, 2023

As the Bitcoin network hash rate tops 414 EH/s, miners are struggling to stay afloat amid plummeting profitability. NEWS Bitcoin mining revenue or “hash price” — a measure of dollars earned per TH/s per day — has slumped to levels not seen since the collapse of FTX in November 2022, while hash rate has reached […]

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Wallets

Laos halts electricity supply to crypto mining projects amid drought

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  • August 28, 2023

The drought that the country experienced in the first half of 2023 resulted in higher electricity demand and lower power generation capabilities from hydropower plants. NEWS Laos state-owned electricity distribution company Électricité du Laos (EDL) has announced that it will suspend electricity supply to crypto mining operations in the country, citing various reasons such as […]

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Wallets

Multichain wallet Exodus posts $12.4M revenue, $1.9M net income in Q2

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  • August 27, 2023

In the quarter ended June 30, Exodus’ revenue declined by 4% year-over-year, but its results were boosted by 6% cost reductions. NEWS Multichain wallet Exodus has released its financial results for the second quarter of 2023, disclosing revenue of $12.4 million, a 4% decrease year-over-year. Net income amounted to $1.9 million. According to Exodus, its […]

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Wallets

Dropbox ditches unlimited storage offering, blaming crypto cloud miners

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  • August 27, 2023

The storage platform turned to metered storage after discovering its Advanced plan was being used by some for crypto mining and other resource-intensive tasks. NEWS The online storage platform Dropbox has binned its unlimited storage plan after discovering some of its users were using the service for resource-intensive purposes like mining crypto. In an Aug. 24 […]

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Wallets

A third of US investors are open to trusting AI financial advice: Survey

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  • August 27, 2023

In a recent survey from the Certified Financial Planner Board, 31% of investors said they would be fine to follow AI financial advice without verifying the information. NEWS Around one in three United States investors would be open to following AI-generated financial advice without verifying it with another source, according to a recent survey. On […]

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Wallets

FTX crypto exchange reports a data breach involving claims agent Kroll

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  • August 27, 2023

The breach has resulted in the exposure of non-sensitive customer data from specific claimants linked to the ongoing bankruptcy case. NEWS Defunct crypto exchange FTX has announced a cybersecurity breach involving its bankruptcy case claims agent, Kroll, in which limited, non-sensitive customer data of specific claimants was exposed. FTX said it is actively overseeing the […]

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Wallets

Tether maintains $3.3B in liquidity cushion: USDT transparency report

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  • August 27, 2023

The total assets under Tether stand at $86.1 billion, with total liabilities amounting to $82.8 billion — thus confirming a reserve backing of over 100%. NEWS Stablecoin issuer Tether maintains a liquidity cushion of nearly $3.3 billion to provide stability to the Tether ecosystem and garner trust among shareholders.  Tether’s reserves report as of Aug. […]

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Wallets

Crypto builders should ‘give up’ serving US customers for 5–10 years — DYdX founder

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  • August 27, 2023

The founder of dYdX argued that early-stage crypto projects could scale faster by not serving U.S. customers, as they won’t have to deal with the hassles of the U.S. regulatory climate. NEWS Antonio Juliano, the founder of the decentralized exchange dYdX, thinks that crypto builders should forget about serving customers in the United States over […]

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