Author: coinadrenaline

Safe published a preliminary report on Mar. 6 attributing the breach that led to the Bybit hack to a compromised developer laptop. The vulnerability resulted in the injection of malware, which allowed the hack.The perpetrators circumvented multi-factor authentication (MFA) by exploiting active Amazon Web Services (AWS) tokens, enabling unauthorized access.This allowed hackers to modify Bybit’s Safe multi-signature wallet interface, changing the address to which the exchange was supposed to send roughly $1.5 billion worth of Ethereum (ETH), resulting in the largest hack in history.Compromise of developer workstationThe breach originated from a compromised macOS workstation belonging to a Safe developer, referred…

U.S. authorities have begun releasing seized bitcoin mining equipment after months of scrutiny over Chinese-made chips. Thousands of units are freed, but many remain held. US Starts Releasing Seized Bitcoin Mining Equipment U.S. authorities have started releasing some of the cryptocurrency mining equipment that had been seized in recent months, Reuters reported on March 5. […]

Bitcoin has plunged approximately 6% after US President Donald Trump signed an executive order to establish a Strategic Bitcoin Reserve.Market participants had hoped the government would announce a plan to buy more Bitcoin (BTC), but Trump’s crypto tsar David Sacks said on X it would only use the Bitcoin it already holds from criminal cases — though it will look to develop “budget-neutral” strategies to acquire additional Bitcoin. Bitcoin dropped about 6%, falling from $90,400 to $84,979, according to CoinMarketCap data.Bitcoin has slightly recovered since, trading at $86,460 at the time of publication. Source: CoinMarketCapEther (ETH), XRP (XRP), Solana (SOL),…

The Mekong devnet was meant to be a playground for wallet developers to experiment with UX changes and for stakers to gain confidence in the upcoming Pectra changes. The Pectra network upgrade has been activated on the Ethereum Sepolia and Holesky testnets. These networks can now be used to test the Pectra upgrade features. In light of this, we’d like to announce the deprecation of the Mekong testnet on 7th March, 2025. Application and tooling developers are encouraged to use Sepolia to test applications, smart contracts, and other EVM functionality. Its permissioned validator set provides a stable test environment. Alternatively,…

Bitcoin has started to recover gradually after experiencing a notable drop in recent weeks. So far, BTC has reclaimed the $90,000 level amid renewed market activity. The cryptocurrency surged nearly 10% yesterday, briefly reaching a high of $92,756 in the early hours of today before experiencing a minor pullback. At the time of writing, Bitcoin is trading at $90,156, marking a 0.6% decrease over the past 24 hours. Short-Term Holder Trends and Potential Market Consolidation Yonsei Dent, a contributor to CryptoQuant’s QuickTake platform, pointed out earlier today a tightening trend in short-term holder (STH) realized price levels, suggesting a potential…

Este artículo también está disponible en español. A report from the on-chain analytics firm Glassnode has revealed a Bitcoin price region that could prove to be crucial for the bulls. Several Key Bitcoin Metrics Are Pointing At The Same Price Range Right Now In its latest weekly report, Glassnode has discussed the Bitcoin investor cost basis from various angles. The first indicator that the analytics firm has shared is the “UTXO Realized Price Distribution” (URPD), that basically tells us about how the BTC supply is distributed among the different price levels based on the last transaction value. Related Reading First,…

Co-founder of BR Capital and blockchain entrepreneur Vlad Martynov joins us for a special episode of the crypto.news show. In part 1, Martynov discusses his role within the Ethereum ecosystem, the future of venture capital in crypto, and how the current system of tokenomics is broken. Martynov also expands upon his role within the decentralized Zuzalu “network state” community, as well as new regulatory climates from the US, Europe, Asia, and beyond. In part 2, Martynov conducts a one-on-one with Ethereum co-founder Vitalik Buterin, in a crypto.news show exclusive. Turn on, tune in, Zuzalu out!  You can also listen to…

US Customs and Border Protection (CBP) authorities may have mistakenly seized thousands of Bitcoin miners under the impression that they were illegally imported radio frequency devices.Thousands of Chinese-made Bitcoin (BTC) miners had reportedly been seized at US ports of entry since around September and only began being released again as of a few weeks ago.  The CBP’s move to seize the Bitcoin miners came at the request of the US Federal Communications Commission Agency, industry players have said.However, Bitcoin mining firm Luxor Technology’s chief operating officer, Ethan Vera, told Cointelegraph that the FCC’s request was made under the mistaken belief that…

One of the perks of my old post was having access to a yacht in FiDi during the summer—yes, for some, that’s called business development. The first time I met Patti, she elbowed her way onto the boat. I had no idea who she was, but she insisted that I didn’t like her, which, of course, made me instantly curious. At the time, I was a bit skeptical of Sphere 3D, especially after the NUMiner announcement. But Patti? She squashed any doubts I had. She was a force—radiating energy, always perfectly dressed, armed with a razor-sharp wit, and unapologetically unfiltered…

As a result of the recent pullback in the cryptocurrency market over the weekend, Ethereum (ETH) has created two Chicago Mercantile Exchange (CME) gaps at $3,000 and $2,600. Crypto analyst Ted suggests that a short squeeze could soon push the price beyond $3,000, potentially filling these two CME gaps. Is An Ethereum Short Squeeze Imminent? Over the past two weeks, Ethereum has lost $70 billion in its total market capitalization, leaving it with a market cap of $268 billion at the time of writing. According to data from the Binance crypto exchange, ETH reached a low of $1,993 on March…