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A cryptocurrency investor has fallen victim to an address poisoning attack, resulting in a staggering loss of $70 million worth of Wrapped Bitcoin (WBTC). The incident, which unfolded over the course of around six hours, has sent shockwaves through the cryptocurrency community. According to a post by Lookonchain on the X, the unfortunate investor created a new address, “0xd9A1b0B1e1aE382DbDc898Ea68012FfcB2853a91,” and transferred a small amount of Ethereum (ETH), approximately 0.05 ETH, to this newly generated destination. Crazy! Someone lost 1,155 $WBTC($71M) due to a phishing attack . How did it happen? 6 hours ago, this guy created a new address" 0xd9A1b0B1e1aE382DbDc898Ea68012FfcB2853a91" and transferred 0.05 $ETH to this new address. A scammer generated an address with the same starting… pic.twitter.com/iiFloZBTga — Lookonchain (@lookonchain) May 3, 2024 This observed behavior is common in the decentralized finance (DeFi) space, mainly due to t...

Yong Rong HK Asset Management emerges as the top holder in BlackRock Bitcoin ETF with $38M investment. Ovata emerges as biggest buyer in Bitcoin ETF market, investing $74M in various funds. Bitcoin price surpasses $61,000 amidst market dynamics, signaling resilience and potential. Yong Rong HK Asset Management Ltd, a prominent investment firm based in Hong Kong, has emerged as the leading investor in the BlackRock iShares Bitcoin ETF (IBIT). According to Bloomberg analyst Eric Balchunas, the firm has made a substantial investment of $38 million in IBIT, securing its position as the largest holder of the Bitcoin ETF. New high water more bitcoin ETF holders just rolled in: Yong Rong Asset Management based in HK bought $38m worth of $IBIT, which makes up 12% of its reported holdings. Interesting given HK has own ETFs now. But US ETFs have that irresistable combo of low fee and high volume. pic.twitter.com/FE2gyuIuIf — Eric Balchunas (@EricBalchunas) M...

Fantom (FTM) has caught market-wide attention as its Sonic upgrade will soon go live. Analysts now debate the possible effects on FTM. NuggetRush’s (NUGX) presale performance has given investors a peek at its growth potential. Fantom’s Sonic upgrade will soon go live, bringing major changes designed to boost its network performance. NuggetRush (NUGX) has joined the list of top meme coins in the gaming industry after its stellar presale numbers. The project has also raised over $3.3 million in token sale revenue. Yet, can NUGX become one of the best DeFi projects? Keep reading. Fantom prepares for the official launch of its Sonic upgrade Investors are jubilant over Fantom’s recent price surge as it became one of the best-performing bullish altcoins. Data from CoinMarketCap show that Fantom’s market capitalization has surged by $1.9 billion since the first week of 2024.  Fantom (FTM) had also crossed the $1.00 range in late...

Veteran investor and financial commentator Jim Rogers has shared his perspective on the role of cryptocurrencies, specifically Bitcoin (BTC), in relation to serving as a government-backed currency.  According to Rodgers, despite Bitcoin’s growth in its current state, the primary role of the flagship cryptocurrency is that of a trading vehicle and does not pose a threat to governments in terms of replacing existing currencies, he said during an interview with Kitco News published on January 31. “If crypto becomes a threat to governments to their money, they will probably do something, but so far, it’s not a threat . It’s just a trading vehicle,” he said. He emphasized that governments are unlikely to recognize Bitcoin as a currency, citing concerns about its competition with existing monetary systems. Cryptocurrency This is XRP's level to watch for bulls to take control Cryptocurrency 3 cryptocurrencies ...