Lazarus members posed as engineers and fooled exchange employees into downloading difficult-to-detect malware. Lazarus Group used a new form of malware in an attempt to compromise a crypto exchange, according to an Oct. 31 report from Elastic Security Labs. Elastic has named the new malware “Kandykorn” and the loader program that loads it into memory...Continue Reading

Prior to November 1, the last transactions has taken place more than 117 days ago, according to Multichain’s explorer tool. Hacked cross-chain protocol Multichain has confirmed some transactions, and its backlog of queued transactions has declined to only a single transaction, according to data from Multichain’s explorer tool. Blockchain data confirms that some of the...Continue Reading

ETH rallied alongside Bitcoin as new spot ETF news emerged, and the altcoin could benefit from the failure of its layer-1 competitors. Ether (ETH) price has declined by 14.7% since its peak at $2,120 on April 16, 2023. However, two derivatives metrics indicate that investors have not felt this bullish in over a year. This...Continue Reading

The prosecution is delivering its closing arguments at the Southern District Court of New York, where Sam Bankman-Fried’s trial has been taking place since Oct. 3. Federal prosecutors claimed Sam “SBF” Bankman-Fried “doubled down” on the use of customers’ funds when he purchased Binance’s $2 billion stake in FTX in 2021. According to U.S. government...Continue Reading

ETH price continues to lose ground against Bitcoin. Cointelegraph takes a closer look at the factors behind the weakening ETH/BTC pair. The price of Ethereum’s native token, Ether (ETH) is trading around a 15-month low versus Bitcoin (BTC), and the lowest since Ethereum switched to proof-of-stake (PoS). Cointelegraph takes a closer look at some of...Continue Reading

YugaLabs won a $1.57 million court battle against NFT artists Ryder Ripps and Jeremy Cahen because of disgorgement and damages. Welcome to the latest edition of Cointelegraph’s Nifty Newsletter. Keep reading to stay up-to-date with the latest stories on nonfungible tokens. Every Wednesday, the Nifty Newsletter informs and inspires you to dig deeper into the...Continue Reading

Bitcoin is struggling to clear the hurdle at $35,000, signaling the possibility of a short-term pullback. Bitcoin (BTC) skyrocketed 28.5% in October, its second-best monthly gain of the year behind the 40% rally in January. After the strong showing in October, the next question on investors’ minds is, could the bullish momentum continue and Bitcoin...Continue Reading

According to charges, the men misappropriated $200 million in investor funds to spend on a luxurious lifestyle. The United States Securities and Exchange Commission (SEC) announced Nov. 1 that it was charging SafeMoon and three of its executives with fraud and unregistered securities sales in connection with its SafeMoon token. The Justice Department unsealed charges against the...Continue Reading

The e-HKD CBDC Pilot Programme will enter phase 2 following praise from the city’s monetary authority. Payment processor Visa has completed the Hong Kong Monetary Authority’s central bank digital currency (CBDC) Pilot Programme with HSBC and Hang Seng Bank. According to the November 1 announcement, the e-HKD Programme involves tokenization of deposits, where the money...Continue Reading

By tokenizing physical assets, NFTs provide new opportunities for ownership, investment and engagement. NFTs have changed our understanding of digital assets since gaining more mainstream attention in recent years. With this, the relationship between NFTs and physical assets has also emerged as an intriguing and innovative use-case for this technology. Unlike cryptocurrencies such as Bitcoin...Continue Reading