Cryptocurrency News Official TheBitTimes.com

Poloniex investor Justin Sun has confirmed the attack, saying the exchange “will fully reimburse the affected funds.” Crypto exchange Poloniex appears to be the latest trading platform to suffer a hack, resulting in a loss of more than $33 million worth of crypto. According to analysts at PeckShield, the hackers drained millions of dollars from one of the exchange’s hot wallet . Research analyst at 21co Tom Wan said in an X post that currently estimated loss is at $34 million. A @DuneAnalytics query ready for you to track how much the Potential hacker got from Poloniex Currently estimated loss at ~$34M, including: – $10M ETH – $2.56M GLM – $2.4M LINK and more https://t.co/judOiLzv4q pic.twitter.com/gcB4eofdwB — Tom Wan (@tomwanhh) November 10, 2023 Poloniex investor Justin Sun has confirmed the incident, but did not elaborate on the matter. He reassured customers that the exchange “maintains a healthy financial position and will ful...

SafePal’s native token SFP is up nearly 40% in one month , driven by strategic partnerships and soaring trading volume. SFP, the native token of the crypto wallet platform SafePal, is experiencing a remarkable uptick in value. At the time of writing, it has surge d by 17% in just one week and an impressive 36% over the past month .  SafePal price on Sept. 5 | Source: CoinMarketCap What is SafePal? SafePal is a comprehensive crypto wallet suite founded in 2018. Backed by industry giants like Binance and Animoca Brands, the platform has a global user base exceeding 10 million. SafePal offers a range of crypto asset management solutions, including cross-chain swapping, trading, and yield-generating tools. The SFP token, a decentralized BEP-20 and ERC-20 utility token, acts as the growth engine of the SafePal ecosystem. It offers multiple use cases, from purchasing SafePal products at a discount to seamless gas conversion across chains. The platform supports 15 languages and ...

The wallet developer also raised $4.5 million from HackVC and other firms to further advance ZK-based enterprise solutions. Demox Labs has debuted a new wallet for the privacy-oriented Aleo blockchain network, according to a June 1 announcement. Called “Leo,” the wallet allows users to generate zero-knowledge (ZK) proofs within their browsers, letting them interact with Aleo’s ZK-based apps. Aleo is in its testnet phase but expects to launch a mainnet later this year. According to the announcement, Demox also raised $4.5 million from investors to further develop ZK-proof technology through Aleo and other networks. Over 40,000 users signed up for the Leo wallet waitlist in the period leading up to its debut. Congratulations to Demox Labs, creators of @theLeoWallet for securing $4.5m in funding. We are proud to have a top-notch team building the future of privacy on @AleoHQ https://t.co/4P5bNVx4Ea — Aleo (@AleoHQ) June 2, 2023 The funding round was led by venture capital firm ...

Glassnode noted that this is the first time in Bitcoin history where the network has been used for purposes other than for monetary purposes. The launch of Bitcoin nonfungible tokens (NFTs) — known as Ordinals — has tipped the number of non-zero Bitcoin addresses to a new all-time high of 44 million, according to crypto analytics platform Glassnode. In a Feb. 13 report from Glassnode, the firm explained that for the first time in Bitcoin’s 14-year history, a portion of network activity is being used for purposes other than peer-to-peer monetary Bitcoin (BTC)  transfers: “This is a new and unique moment in Bitcoin history, where an innovation is generating network activity without a classical transfer of coin volume for monetary purposes.” Glassnode explained that the Ordinals surge has contributed to a “short-term uptick in Bitcoin network usage of late” which has brought many “new active users” with a non-zero BTC balance to the network: Number of Bitcoin addresses with a non-zero ba...