The price of Bitcoin continues to move horizontally stubbornly, but it is positive that it consolidates support at higher levels. What is the current situation on Solana, one of the largest smart contract platforms? The post Solana (SOL) Analysis: TVL and Price Update appeared first on COINTURK NEWS. Read more
Kronos Research, a Taipei-based market maker, trading firm, and venture capital fund, witnessed the withdrawal of significant amounts of crypto assets due to a breach of its security system. Kronos Breach: Investigation Underway On Sunday, November 19, Kronos Research disclosed – via a post on X (formerly Twitter) – a security incident that involved unauthorized access to its API keys. Consequently, the company lost a significant amount of crypto funds and has halted all trading operations in a bid to launch a full investigation into the incident. A map of funds outflow by on-chain sleuth ZachXBT summed Kronos’ losses to over $25 million in Ether. In a follow-up post on X, the company also confirmed that the losses are about $26 million in crypto assets. Funds outflow from Kronos Wallet | Source: X/ZachXBT Related Reading: Yearn Finance Tumbles: Rug Pull Rumors Swirl As Token Takes A 45% Hit In its initial announcement, Kronos revealed that the potential losses are not a significant portion of its equity. Meanwhile, the trading firm said in its latest update that all losses will be covered internally, and no partners will be affected. Although Kronos has yet to provide an update on its resumption process, the company did say that it aims to resume trading as soon as possible. This $26 million attack on Kronos Research represents the third most significant crypto theft in November 2023. Before this latest incident, data from blockchain security firm Certik revealed that about $173 million had been lost to crypto attacks in November, with Poloniex’s $113 million hack being the most notable yet. How Did This Hack Affect WOO X? Interestingly, Kronos is not the only one affected by this security incident, as WOO X is another cryptocurrency entity that has had to pause its operations momentarily. WOO X is an exchange on which Kronos functions as the market maker for its spot and perpetual futures markets. In an address on the X platform, WOO X acknowledged Kronos’ security situation and announced a temporary pause on all trading to protect users’ positions from a lack of liquidity. The exchange, however, emphasized that all customer funds are safe. Related Reading: Ethereum Whistleblower Reveals When Proof Of ETH Founders’ Fraud Will Be Released As of this writing, WOO X has resumed trading in both the spot and perpetual futures markets. Meanwhile, the exchange claims that clients can now make withdrawals for all assets. Nevertheless, the trading platform has faced some backlash from the online crypto community, with some people pointing to its unclear relationship with Kronos. Cryptocurrency total market cap on the daily timeframe | Source: TOTAL chart on TradingView Featured image from iStock, chart from TradingView Read more
The recent turmoil at OpenAI has intensified with the unexpected removal of its founder, Sam Altman, on November 17. This development has led to a series of repercussions, including the resignation of three senior researchers from the artificial intelligence (AI) company. In an official blog post, OpenAI’s board of directors revealed Altman’s dismissal from the ... Read more Read more
Santa Clara, CA – In a remarkable surge, NVIDIA’s valuation has skyrocketed to $1.2 trillion, marking a staggering 250% increase this year. The company’s strategic positioning in the AI landscape, particularly in technologies like ChatGPT, has been a driving force behind this phenomenal growth. NVIDIA’s CEO, Jensen Huang, attributes a substantial part of the company’s ... Read more Read more
The crypto economy has seen substantial growth in the past month, particularly driven by notable trading activity in South Korea. Recent data from Cryptocompare.com reveals that on Saturday, November 18, 2023, the Korean won accounted for 3.53% of all bitcoin (BTC) trades in the previous 24 hours. Bitcoin trades involving the Korean won constituted 3.53% ... Read more Read more
Economic developments and altcoin events that may affect the cryptocurrency market are with you in the calendar we have specially prepared. Continue Reading: Watch Out: These Economic Developments and Altcoin Events to Follow in the New Week! Here is the Day by Day, Hour by Hour List Read more
In 2023, the cryptocurrency market has seen significant gains across various sectors, with one notable exception being privacy-centric crypto tokens. Over the past ten months, the market value of the privacy cryptocurrency sector has dropped by $440 million, reflecting a downturn since January. As of Saturday, November 18, 2023, the market value of the privacy-focused ... Read more Read more
In a dramatic turn of events, OpenAI, the renowned artificial intelligence research organization responsible for groundbreaking AI technologies like ChatGPT and DALL-E, finds itself in the midst of internal upheaval following the sudden departure of its CEO, Sam Altman. The departure, initially shrouded in mystery, has sparked intense negotiations and speculation among stakeholders. Key investors, ... Read more Read more
Earlier today, CNBC’s Make It published an article by Harvey Deutschendorf, who is an emotional intelligence (EI) expert, author, and speaker. The article is about how emotionally intelligent people behave during conversations. Deutschendorf is the author of the book “Emotional Intelligence Game Changers: 101 Simple Ways to Win at Work and Life” published by Dexterity Read more
XRP Price Prediction 2023-2032 So LBRY lost its case against the SEC. Sad to say, the ruling still doesn’t provide regulatory clarity as to the definitive conditions (the essential ingredients) that establish an offered asset as a security. Especially when the Judge touches only on the third prong in this case. The 76-year-old Howey Test ... Read more Read more
