Category: Bitcoin News

Shuffle Hit By Data Breach After Third-Party CRM Hack

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Shuffle, a leading crypto betting platform, suffered a data breach after its third-party customer service provider was compromised, exposing the data of most of its users. According to a Friday X post from Shuffle founder Noa Dummett, the company’s customer relationship management (CRM) service provider, Fast Track, suffered a data breach that exposed its users’ data. Shuffle used the service in question for “programmatic email sending and various communications with users,” suggesting that those messages and email addresses were likely among the exposed data. “Unfortunately, it seems that their breach…

It’s Solana’s Turn to Fill the Corporate Crypto War Chest

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Solana (SOL) treasury companies are following the trend set by Bitcoin (BTC) and Ether (ETH), whose adoption by public companies has boosted stock prices and graced media headlines. Digital asset treasuries (DATs) list on public markets, buy crypto, then work to grow tokens per share. The pitch is simple for traders who want to gain crypto exposure through a brokerage account, offering upside that can outpace spot prices. Exchange-traded funds (ETFs) also provide crypto exposure for investors nowadays, but DATs can hit the market faster. Additionally, premiums and discounts to…

Kalshi Starts Global Expansion With New $300M Raise

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United States-based prediction marketplace Kalshi has closed another major funding round to bring its platform to more than 100 countries worldwide. Kalshi has completed a Series D funding round of over $300 million led by Sequoia Capital and Andreessen Horowitz (a16z), with participation by Paradigm, the company announced on Friday. The platform is immediately available in over 140 countries, Kalshi said in a statement shared with Cointelegraph, adding that it has now emerged as the “world’s only unified global prediction market and instantly added billions of new potential customers.” The…

Zhao’s Google Account Attacked By ‘Government-Backed’ Hackers

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Hackers attempted to infiltrate the account of Binance co-founder Changpeng “CZ” Zhao, signaling potential attacks from state-backed hacker groups, such as the North Korean Lazarus Group. “Government-backed attackers” were attempting to steal Zhao’s Google password, according to a Google warning shared by CZ, who suggested that it may be another attempt by North Korea’s Lazarus Group. “I get this warning from Google once in a while. Does anyone know what this is? North Korea Lazarus? Not that I have anything important on my account,” said Zhao in a Friday X…

Bitcoin May Avoid $118K Correction as BTC Futures Market Regains Footing

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Key takeaways: BTC price may drop to the $118,000-$120,000 range before resuming its uptrend, analysts say. Bitcoin futures open interest fell by $4.1 billion from its peak, potentially indicating a “healthy” reset. Bitcoin (BTC) was down 3.7% from its $126,000 all-time high and may revisit the $118,000 level over the next few days, but data suggested that prolonged trading below that level could be short-lived. Bitcoin could drop to $118,000 first Bitcoin price was trading at $121,300 on Friday, after posting moderate losses over the past 24 hours, data from…

South Africans Can Now Pay With Crypto at 650,000 Stores

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South Africans can now pay with cryptocurrency at thousands of retail stores nationwide, following a new partnership between QR payments provider Scan to Pay and Bitcoin payments company MoneyBadger. According to a Tech Central report, the integration allows users of major exchanges, including Binance, Luno, Blink and VALR, to pay using Bitcoin (BTC), stablecoins and other crypto assets at over 650,000 Scan to Pay-enabled merchants. Crypto holders can pay for their purchases through QR codes at checkout counters, while the merchants will receive their settlements in rand. The system works…

Whales Dump $50M in XRP Daily as Bears Look to Pull Price Down to $2.20

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Key takeaways: XRP’s (XRP) drop toward $2.80 was preceded by a significant amount of transfers from large holders, which some analysts said may fuel a deeper price correction.  Whales are offloading their XRP XRP whales, or entities holding large amounts of tokens, have intensified their sell-side activity as the price dropped below $3.  Related: Ripple to bring RLUSD stablecoin to Bahrain via new partnership Analyzing XRP Whale Flow data, using a 30-day moving average, CryptoQuant analyst Maartunn said that $50 million worth of XRP is leaving whale wallets daily. He…

Rewards, Hardware, Pools and Energy

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What is Bitcoin mining? Bitcoin mining is the process that keeps the BTC network secure and operational. Bitcoin (BTC) miners collect pending transactions, bundle them into blocks and repeatedly perform hashing attempts (trial and error) until they produce a hash that meets the network’s difficulty target. The first miner to find a valid solution broadcasts their block. Once the rest of the network verifies it, that miner earns a reward. If another miner solves the block before you, your result becomes invalid, known as a “stale block,” and you must…

South Korea Tax Agency Targets Cold Wallets in Crypto Seizures

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South Korea’s National Tax Service (NTS) is expanding its crackdown on tax evasion, warning that even crypto assets stored in cold wallets will be subject to seizure. According to a report from local news outlet Hankook Ilbo, an NTS official said the agency is prepared to conduct home searches and confiscate hard drives and cold wallet devices if it suspects that tax delinquents are hiding their crypto assets offline.  “We analyze tax delinquents’ coin transaction history through crypto-tracking programs, and if there is suspicion of offline concealment, we will conduct…

Debasement Trade Fuels Bitcoin Rally As Dollar Weakens

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Financial institutions are quickly waking up to the “debasement trade,” according to commentators, which could be a boon for assets such as gold and Bitcoin.  Institutions have a new concept to cling to called the “debasement trade,” which will be the thing that protects them, said entrepreneur Anthony Pompliano in a podcast on Thursday.   It’s the same thing that goldbugs and Bitcoiners have been talking about for years, and now institutions have just realized that “no one is ever going to stop printing money,” he added. “This now feels like…