Cryptocurrency News

Drift victims can finally cash out six months after an April exploit left nearly $295.4 million in verified losses. Yet the numbers show just how long the road to restitution may be. The recovery pool opened with just $3.11 million, putting immediate redemptions at roughly 1 cent on the dollar. The rest of the rescue…Read More

A $6 million crypto vault was drained on Base on Oct. 4, yet the strangest part may be who owned it. Nobody publicly knows. Security firms traced about 1,783 wstETH out of the vault, while onchain records point to an anonymous seven-signer Safe. Base itself wasn’t hacked, Aave’s core contracts haven’t been blamed, and the…Read More

Michael Saylor’s latest message has renewed speculation that Strategy could add to its bitcoin holdings. The company’s orange dot chart accompanies the teaser, following two consecutive weekly acquisitions disclosed in September. Saylor’s Orange Message Puts Another Bitcoin Buy in Focus Strategy could be stacking more bitcoin after Michael Saylor, executive chairman of Strategy Inc. (Nasdaq:…Read More

Bitcoin consolidated after the prior week’s run to $87,300, its highest since January. As of early Friday morning, it looks to be taking another stab at that $87K price level. The S&P 500 slipped to close out its worst month since June, but the Nasdaq held up better on AI and chip strength. Oil stayed…Read More

A wallet linked to Andrew Tate sent 20,950 HYPE worth $1.87 million to Binance, cashing in part of a $550,000 buy from November 2024 that has grown nearly 20-fold. The Sequence Onchain tracker Lookonchain says the account in question belongs to Andrew Tate, with the wallet (0xfb00…1E9d) having been active on Hyperliquid since late 2024.…Read More

Bitcoin Magazine IMF Praises El Salvador — But Still Tries To Scale Back Its Bitcoin Project The International Monetary Fund approved a $139 million disbursement to El Salvador but still wants it to scale back its Bitcoin project. This post IMF Praises El Salvador — But Still Tries To Scale Back Its Bitcoin Project first…Read More

Bitcoin Magazine When the Banks Don’t Work, Bitcoin Does: Cornell University’s Adoption Index Cornell University spoke to 25,880 people about using bitcoin. While many don’t understand the tech in depth, it’s proving useful for some. This post When the Banks Don’t Work, Bitcoin Does: Cornell University’s Adoption Index first appeared on Bitcoin Magazine and is…Read More

Bitcoin Magazine South Africa’s Absa Becomes First Bank on the Continent to Custody Bitcoin: Report South African bank Absa has become the first African lender to custody bitcoin, according to reports.  As reported first by Bloomberg on Friday, the Johannesburg-based lender will serve institutional clients, mostly by custodying bitcoin — but other digital assets will…Read More

Bitcoin Magazine Bitcoin Price Surges Above $87,000 on Softer-Than-Expected Jobs Data The price of bitcoin surged above $87,000 on Friday morning in New York, buoyed by constant exchange-traded fund flows and a jobs report showing that unemployment in the U.S. had ticked up.  Bitcoin’s price recently stood at $85,990 after a 2% jump over a…Read More

Bitcoin Magazine Impacts of Daily Dividends on Digital Credit Analyzing the implications for digital credit instruments paying daily dividends. This post Impacts of Daily Dividends on Digital Credit first appeared on Bitcoin Magazine and is written by Allard Peng.Read More