A blockchain detective has dropped a bombshell update: hackers linked to the infamous 2022 Lastpass breach have drained a staggering $ 12.38 million in cryptocurrency from over 100 victimized wallets, marking a significant escalation in this ongoing security saga. Blockchain Sleuth Uncovers Millions in Crypto Stolen Post-Lastpass Hack According to blockchain investigator Zachxbt, the …
Argentina to Patrol Cyberspace in the Hunt for Crypto Criminals
A recent resolution issued by the Security Ministry of Argentina has added crypto crimes to the set of activities that will be tracked and surveilled by police forces. Resolution 1330/2024 states that the federal security forces will develop countermeasures to fight crimes of “unauthorized financial intermediation through the use of cryptoassets,” to prevent them from […]
FASB Fair Value Standard for Crypto Goes Live
The new accounting update could be a boon for firms seeking bitcoin corporate treasuries. New Accounting Standard Recognizes Crypto Gains An accounting standard that addresses the fair value of crypto assets went into effect yesterday and may have a positive impact on companies seeking to establish bitcoin (BTC) treasuries by allowing firms to report both […]
Tether’s Market Cap Taps $140B as Stablecoin Dominates Crypto Trading
The market valuation of tether (USDT) has now ballooned to a staggering $ 140 billion. On Dec. 16, this stablecoin’s market cap makes up 3.75% of the colossal $ 3.73 trillion crypto universe. Tether’s Market Share Soars in 2024 The journey of the dollar-pegged digital economy has been quite the adventure since stablecoins …
From Crypto Genius to Centi-Billionaire: Satoshi Nakamoto’s Wealth Soars
On Dec. 16, just one day after bitcoin hit its peak price of $ 106,533 per coin, the top crypto asset is now cruising at $ 106,300 per unit. With BTC’s value sky-high, Satoshi Nakamoto, Bitcoin’s mastermind, has joined the elite club of centi-billionaires, rubbing shoulders with the planet’s 20 richest folks. Centi-Billionaire …