Bitcoin Banned South Africa Cites Risk
The South African Reserve Bank adds crypto assets and stablecoins to a new risk category amid rising local adoption. #Update #Legal
Terra Crash: Do Kwon Seeks 5-Year Cap
Terraform Labs co-founder Do Kwon argues any prison term over 5 years is excessive for his role in the $40B TerraUSD collapse, citing nearly 3 years’ detention and financial penalties. #Update #Legal
Bitcoin Poised for Promising New Year Ahead
Bitcoin ($BTC) is set to close November down nearly 16.9%, marking its worst loss since 2019, but analysts suggest this could present buying opportunities ahead of a promising new year. #Update #Crypto $BTC
Bitcoin Hack: North Korea’s Lazarus Steals $36M
South Korea’s largest exchange, Upbit, halted deposits and withdrawals due to suspicious activity linked to the Solana network, potentially tied to the North Korea-affiliated Lazarus group behind a $36M hack. #Breaking #Crypto $SOL
Upbit Hack Tied to Lazarus Group
Upbit reports $36M drained from its Solana hot wallet, suspected link to North Korea’s Lazarus Group; South Korean authorities launch probe. #Breaking #Security $SOL
Dogecoin Sets Stage for Sharp Move
Dogecoin ($DOGE) consolidates gains, trading below $0.1520 with bullish support at $0.1495; potential downside if it breaks below $0.1490. #Update #Crypto $DOGE
Visa Expands Stablecoin Settlement in EMEA
@Visa expands its stablecoin settlement program across Europe, Middle East, and Africa through a strategic partnership with Aquanow, enhancing blockchain-powered payments. #Update #Crypto
Bitcoin Breach: Lazarus Hits Upbit
Upbit’s Solana-network hot wallet was hacked for $30.6M, suspected to be by North Korea’s Lazarus Group. Deposits and withdrawals are suspended; reimbursements pledged. #Breaking #Crypto $SOL
Bitcoin Traders Bet on $100K by Year-End
Crypto traders are increasingly betting on $BTC reaching $100,000 by year-end, with odds rising to 52% after reclaiming $90,000 amid expectations of a Fed rate cut. #Update #Crypto $BTC
Binance Boosts Stablecoin Reserves to $51B
@Binance leads in spot and futures trading, controlling a third of Bitcoin and Ethereum flows, with stablecoin reserves hitting $51.1B. Spot volume at $25B outpaces competitors. #Update #Crypto $BTC $ETH
Central Bank Declares No Urgent Need for CBDC
The South African Reserve Bank sees no immediate need for a retail CBDC, focusing instead on modernizing its payment systems while monitoring crypto risks. #Update #Crypto $BTC
Ethereum’s $500M Pre-Deposit Reversal Shocks Investors
@MegaETH’s $500M pre-deposit faced immediate issues at launch due to an incorrect SaleUUID in the contract, necessitating a 4-of-6 multisig update. #Update #Crypto
AI Firms Testify in China Espionage Probe
U.S. lawmakers summon AI firms, including @AnthropicAI, over Chinese espionage using Claude Code; concerns rise about AI’s role in crypto theft. #Update #Security
Ethereum Steady at $3K Eyes Volatility Shift
Ethereum’s price surged above $3,000, eyeing further gains if it clears the $3,080 resistance. Current support is at $2,950. #Update #Crypto $ETH