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Top unchainedcrypto.com News

Coinbase Breach Tied to Bribed TaskUs Support Agents in India
Cyber Security

Coinbase Breach Tied to Bribed TaskUs Support Agents in India

67% Center coverage: 3 sources
A recently disclosed data breach at Coinbase has been linked to India-based customer support representatives from outsourcing firm TaskUs, who threat actors bribed to steal data from the crypto exchange. [...]See the Story
Ethereum Foundation Lays Off Some Staff Amid R&D Restructuring
Ethereum

Ethereum Foundation Lays Off Some Staff Amid R&D Restructuring

67% Center coverage: 3 sources
The Ethereum Foundation has laid off some members of its research and development team as part of a broader restructuring effort aimed at refocusing on critical protocol design challenges, the organization said in a blog post Monday.The shake-up comes as the Switzerland-based nonprofit grapples with ongoing criticism over its management and strategic direction. Some in the Ethereum community have warned for over a year that failure to address ke…See the Story
Ethereum 'CrimeEnjoyors' Aren't Making Money From Exploiting Pectra's EIP-7702, Wintermute Says
Joe Biden

Ethereum 'CrimeEnjoyors' Aren't Making Money From Exploiting Pectra's EIP-7702, Wintermute Says

100% Center coverage: 2 sources
Malicious Ethereum contracts designed to drain wallets with weak security aren't profiting from the operation, crypto market maker Wintermute said Friday, identifying these contracts as "CrimeEnjoyors."The whole issue is tied to the Ethereum Improvement Proposal (EIP)-7702, part of the Pectra upgrade that went live early last month. It allows regular Ethereum addresses, secured by private keys, to temporarily operate as smart contracts, facilita…See the Story

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Pakistan Announces Strategic Reserve 'Inspired' By Trump Moves In The US — Vows To Never Sell Bitcoin
Low coverage from Left Sources
L 13%
Center 37%
Right 50%

Pakistan Announces Strategic Reserve 'Inspired' By Trump Moves In The US — Vows To Never Sell Bitcoin

Circle Scales up IPO Amid Strong Demand - Unchained Crypto

100% Center coverage: 1 sources
USDC issuer Circle has significantly increased the size and price range of its upcoming initial public offering.  It now plans to offer 32 million shares, up from the previous 24 million, at a price range of $27 to $28 per share. The company’s targeted fully diluted valuation is $7.2 billion, also considerably higher than previous estimates of around $6 billion. This story is an excerpt from the Unchained Daily newsletter.   To get these updates…IPO · New YorkSee the Story

TON Blockchain Back Online After Brief Outage

100% Center coverage: 1 sources
The TON blockchain, closely tied to cloud-based messaging app Telegram, suffered a brief outage on Sunday that halted block production.  The issue was traced to an error in the masterchain dispatch queue affecting how the main chain processed its data queue. This story is an excerpt from the Unchained Daily newsletter.   To get these updates in your email for free, subscribe here. TON’s development team announced the problem at 9:21 a.m. ET on S…CryptocurrencySee the Story

Crypto Treasury Companies Are All the Rage. Do They Pose Industry Risk?

100% Center coverage: 1 sources
Crypto loves a good fad. In 2017 it was ICOs. The summer of 2020 brought DeFi tokens. Then came NFTs in 2021 and memecoins over the last two years.  This year, the fad is crypto treasury companies. These firms are following the playbook launched by Strategy chairman and former CEO Michael Saylor, whose firm currently owns 580,250 bitcoin worth $60 billion, but has a market capitalization of $102.4 billion. Put another way, the firm is trading fo…Read Article

Silk Road Founder’s Belongings Net $1.8M at Auction

100% Center coverage: 1 sources
The personal belongings of Silk Road founder and pardoned criminal Ross Ulbricht have fetched more than $1.8 million in a Bitcoin auction. The auction was hosted on the Bitcoin-only marketplace Scarce City and featured a range of items from Ulbricht’s life before his 2013 arrest and from his 12 years in prison. Among the items auctioned were personal effects such as a sleeping bag, a backpack, a drum, and Vibram FiveFingers shoes, alongside pris…Cryptocurrency · United StatesSee the Story

SEC dismisses case against crypto exchange Binance

55% Center coverage: 33 sources
SEC · United StatesSee the Story

Trader Loses $500K After Illiquid deUSD Market Triggers VWAP Spike

100% Center coverage: 1 sources
A crypto trader lost more than $500,000 after being liquidated on decentralized lending platform Euler on Avalanche due to a sudden spike in the price of deUSD, a synthetic dollar issued by the Elixir Network. The incident involved a series of large trades on the deUSD/USDT Curve pool, which temporarily pushed the price of deUSD above its intended $1 peg — a spike that was sufficient to trigger a liquidation on Euler. Chainlink’s price oracle, w…Read Article

BitMEX Rumbles Lazarus Hackers’ Security Lapses

100% Center coverage: 1 sources
Researchers at crypto exchange BitMEX on Friday said that they had uncovered several critical missteps that North Korean state-sponsored hacker group Lazarus had made during its campaigns. Those lapses included exposed IP addresses, an accessible Supabase database, and tracking algorithms. One finding was a rare slip-up in which a hacker likely revealed their real IP address during operations. The IP was traced to the Chinese city of Jiaxing, ne…HackingSee the Story

Midas Launches DeFi Composable Tokenized Treasury Product

100% Center coverage: 1 sources
Real-world asset tokenization platform Midas has launched a tokenized U.S. Treasury bill product on the Algorand blockchain. The first atomic swap using the product, named mTBILL, on Algorand took place on Tuesday, with $2 million in USDC exchanged for mTBILL tokens. The transaction was executed almost instantly, with negligible fees — 0.002 ALGO, or about $0.0004 — and completed in just two seconds. The tokenized certificate’s underlying assets…Cryptocurrency · United StatesSee the Story

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