Cryptocurrency Live News & Updates : Cork Protocol Hacker Launders Funds, Donates to Legal Fund
In recent developments, the Cork Protocol hacker has been active again, transferring 4,520 ETH (approximately $11 million) to Tornado Cash, a notorious crypto mixing service. This comes after the attacker exploited the protocol in May, draining millions. In an unexpected move, the hacker also donated 10 ETH to a legal fund for Tornado Cash developers, who are currently facing legal challenges due to the misuse of their platform. Meanwhile, the CoinDesk 20 Index shows Bitcoin Cash leading with a 6.0% gain, reflecting a positive trend in the crypto market. SoFi is set to enhance its digital asset offerings by launching international remittances using stablecoins and reintroducing crypto trading services, signaling a renewed interest in the crypto space. Additionally, the Bank of Korea is considering a gradual introduction of won-denominated stablecoins, emphasizing regulatory caution. Lastly, Bernstein has raised its price target for Coinbase, highlighting its pivotal role in the crypto ecosystem as it continues to dominate U.S. trading despite market challenges.
The Cork Protocol exploiter has resurfaced, laundering over $11 million through Tornado Cash and donating 10 ETH to support the legal defense of Tornado Cash developers facing charges.
Cork Protocol Hacker Launders Funds, Donates to Legal Fund
The Cork Protocol exploiter has resurfaced, laundering over $11 million through Tornado Cash and donating 10 ETH to support the legal defense of Tornado Cash developers facing charges.
Bitcoin Cash Leads CoinDesk 20 with 6% Gain
The CoinDesk 20 Index is up 0.5% to 2996.59, with Bitcoin Cash (BCH) leading the way with a 6.0% increase.
SoFi Introduces Blockchain Remittances with Stablecoins
SoFi plans to launch international remittances using blockchain and stablecoins, alongside a relaunch of crypto investing services, including BTC and ETH.
Bank of Korea Advocates Gradual Stablecoin Introduction
The Bank of Korea's deputy governor suggests a phased introduction of won-denominated stablecoins, starting with regulated banks to ensure user protection and financial stability.
Bernstein Raises Coinbase Price Target to $510
Bernstein has increased its price target for Coinbase from $310 to $510, emphasizing its pivotal role as the 'universal bank' of crypto and its dominance in U.S. trading.
Dogecoin Surges Past 16 Cent Resistance
Dogecoin increased by 1.67% to $0.167, breaking a significant resistance level amid ongoing macroeconomic uncertainties.
Bitcoin Traders Prepare for June Options Expiry
Bitcoin traders are gearing up for a $20 billion options expiry on June 27, with a focus on maintaining support above $106,000 amid recent market fluctuations.
Ethereum Price Tests Critical Resistance Level
Ethereum's recent recovery from local lows has brought it to a crucial resistance level at $2,600, which bulls must reclaim to maintain control and avoid a bearish pullback.
Presearch Unveils Decentralized Non-Profiling Search API
Presearch has launched the first decentralized search API that prioritizes user privacy by not profiling users, accepting payments in Bitcoin, PRE, and USDC.
IOTA Price Decline Post-Rebased Upgrade
IOTA's token has plummeted 41% to $0.15 following the Rebased upgrade, which aimed to enhance developer engagement but has not yet shown results.
Dow Jones Steady as Oil Prices Drop
U.S. stocks opened higher on June 25, with the Dow Jones flat amid a fragile Israel-Iran ceasefire, while oil prices fell significantly.
H100 Group Increases Bitcoin Holdings
H100 Group, a publicly traded Swedish firm, has expanded its Bitcoin portfolio by acquiring an additional 19.38 BTC, bringing its total holdings to 200.21 BTC, which includes 11.63 BTC from convertible loan proceeds.
Traders Split on Market Outlook
A recent briefing revealed a stark divide among traders regarding short-term market trends, with some expecting a minor rebound and others citing a lack of buying power.
Did Hal Finney's 2010 Bitcoin Prediction Come True?
In a 2010 forum post, Hal Finney predicted the rise of Bitcoin banks, suggesting that Bitcoin would be used primarily for large transactions while digital cash issued by these banks would facilitate everyday payments.
Kalshi Achieves $1 Billion Valuation Amid Legal Clarity
Kalshi is reportedly raising over $100 million, achieving a valuation exceeding $1 billion, as the CFTC's legal challenges dissipate, signaling a positive shift for regulated prediction markets.
Crypto.com Obtains $120M Insurance for Custody Services
Crypto.com has secured $120 million in insurance for its U.S. custody platform, Crypto.com Custody Trust, to protect digital assets against theft and crime.
Tax Implications of Recovering Stolen Crypto
Recovering stolen cryptocurrency can lead to unexpected tax liabilities, influenced by factors such as prior deductions and the nature of the recovery.
Kalshi Joins Polymarket as Latest Unicorn
Kalshi has successfully raised over $100 million, achieving a valuation of $1 billion, following Polymarket's recent funding announcement.
Corporate Stablecoin Adoption Set to Surge
The U.S. Senate has approved a bill to establish a regulatory framework for stablecoins, potentially accelerating corporate adoption as it offers essential clarity on regulations.
Trump Media Files for Bitcoin and Ethereum ETF
Trump Media & Technology Group has submitted a filing to launch an ETF that invests in bitcoin and ethereum, marking its second cryptocurrency ETF attempt in two weeks.
Bitcoin Lightning Network Unveils 'Bitcoin Alpha' Initiative
The Bitcoin Lightning Network, in collaboration with Nubit, has launched the 'Bitcoin Alpha' task system, allowing users to earn significant task points. This initiative follows the integration of WLFI's USD1 stablecoin, which has enabled millions of transactions on the network.
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