Ethereum Financial News

Ethereum staking protocol Lido Finance has assured both Lido DAO (LDO) and staked-Ether (stETH) tokens remain safe despite hackers allegedly exploiting a known security flaw in LDO’s token contract.

Ethereum (ETH) co-founder Vitalik Buterin has reportedly had his X (formerly Twitter) account compromised.

Vitalik Buterin, co-founder of Ethereum (ETH) had his X (formerly Twitter) account compromised, which, according to social media reports, resulted in victims losing over $691,000 through malicious links.

On November 30, 2022, Onlyfans' Ethereum (ETH) holdings had a book value of $11.43 million. On that day, the price of ETH was approximately $1,270, suggesting that Onlyfans held around 9,000 ETH. The purchase cost of these holdings was calculated to be $19.889 million, indicating an average purchase price of $2,210 per ETH.

North Korean hackers at the infamous Lazarus Group have by the FBI been identified as responsible for stealing $41 million worth of crypto from the online crypto casino Stake.

The bulls tried to shake Bitcoin from its slumber on Sept. 7, but the rally was short-lived. This suggests a lack of clarity between the bulls and the bears about Bitcoin’s (BTC) next directional move. Analyst CryptoCon said on X (formerly Twitter) that Bitcoin could remain in a “mid cycle lull” until the start of the next bull run in November 2024.

September has historically been a stormy month for the financial markets, and this year proves no exception. The two best cryptocurrencies, Bitcoin and Ethereum, have been facing choppy waters, leading traders to speculate on alternatives for stable gains. Amidst the uncertainty, a new AI altcoin has been garnering attention. InQubeta, fueled by QUBE token, is a crowdfunding project geared towards AI start-up investments. Let’s delve further to understand why traders are pointing to this new ICO.

In a significant crypto heist, an unknown individual has reportedly lost access to a staggering $24 million worth of crypto from their Ethereum wallet.

Cointelegraph video journalist and YouTube host Giovanni Pigni challenged ChatGPT to a crypto investment game. Both contenders had $100 to build a strong crypto portfolio and make as much money as possible in two weeks. 

South Korean asset management giant Mirae Asset Securities has partnered with Polygon Labs to advance tokenization and Web3 onboarding within traditional finance.

Hackers have targeted a popular Windows-based software packaging tool to infect computers with crypto mining malware, IT security firm Cisco Talos Intelligence Group has revealed.

Zero-knowledge (ZK) proof solutions have proved critical in helping scale the Ethereum ecosystem, but proto-danksharding is expected to drastically reduce the cost of rollups, according to Consensys’ zkEVM Linea head Nicolas Liochon.

Zero-knowledge proof (ZK-proofs) solutions have proved critical in helping scale the Ethereum ecosystem, but proto-danksharding is expected to drastically reduce the cost of roll ups according to Consensys’ zkEVM Linea head Nicolas Liochon.

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Meanwhile, the global cryptocurrency market cap was trading higher, around $1.06 trillion, rising 1.32% in the last 24 hours. «Bitcoin's value is currently trading around the $26,200 level. This positive price movement might be because of a paper that came out yesterday from the IMF and the G20’s Financial Stability Board. The paper said that banning all cryptocurrencies wouldn't work well in the long term and suggested using targeted restrictions and a comprehensive monetary strategy instead,» Edul Patel, CEO & Co-Founder of Mudrex, said. Other top crypto tokens were also trading higher. Solana, Polkadot, and Litecoin surged over 1%.

A decentralized version of Infura will launch by the end of the year, with major Web2 cloud providers set to become part of the network, the chief strategist of ConsenSys says.

In the rapidly evolving landscape of cryptocurrencies, India has emerged as a pivotal player, commanding global attention as the current G20 president. Rajagopal Menon, Vice President of WazirX, shares insights on India's leadership in shaping the regulatory discourse around cryptocurrencies and the evolving dynamics of the crypto market. «With its presidency of the G20, India’s voice for global crypto rules for crypto is being taken seriously. Detailed Crypto regulations are inevitable. It is a question of “when” and not “if”,» Rajagopal said. In this exclusive interview with ETMarkets, he delves into the potential impact of rate hikes, crude oil prices, and the strengthening dollar on the crypto market's near-term performance. Additionally, Menon addresses the volatility within the crypto space and discusses the significance of India's journey towards crypto regulation, shedding light on WazirX's growth and strategic priorities for the future.With rate hike concerns and firming crude oil prices and the dollar, how do you see the crypto market performing in the near term?As with any market, many variables come into play when it comes to cryptos. Like an accomplished juggler, one is expected to keep an eye on multiple balls, from central banks' rate hike concerns to firming crude oil prices and a robust dollar.

The $41 million hack of crypto gambling site Stake was carried out by the North Korean Lazarus Group, the Federal Bureau of Investigation (FBI) stated in an announcement on Sept. 7. This group has stolen more than $200 million of crypto in 2023, the announcement stated.

Amidst the dynamic crypto landscape, Bitcoin currently trades at $25,787, reflecting a subtle rise of 0.04 percent on Thursday. However, a confluence of factors has spurred speculations on its future trajectory. Notably, the 'historic' heatwave has taken a toll on the crypto mining industry, leading to a significant 9% drop in Marathon's Bitcoin production. 

Crypto exchange-traded-products issuer 21Shares and Cathie Wood’s Ark Investment Management are seeking to offer the first U.S. ETF that invests directly in ether. 

The team behind nonfungible token collection OnChainMonkey is shifting its entire collection of 10,000 NFTs from Ethereum to Bitcoin, in a massive undertaking expected to take several months.