Crypto News

The $308 million hack of Japanese crypto exchange DMM in May was the work of North Korean hackers, the U.S. and Japanese law enforcement agencies said Monday.The theft of 4,502.9 bitcoin (BTC), which is forcing the exchange to close, was "affiliated" with a group known as TraderTraitor, the FBI said in a statement with the Department of Defense Cyber Crime Center and National Police Agency of Japan.Hackers linked to North Korea dominated crypto crime this year, Chainalysis said in its annual report on the subject. The country, whose official name is the Democratic People's Republic of Korea (DPRK), is tied to more than half of the crypto value stolen in 2024. Its operatives are responsible for the theft of $1.34...

The Argentine justice system has ordered Tether, the issuer of the USDT stablecoin, to freeze over $3.5 million linked to Rainbowex, an alleged mega pyramid operation that is currently under investigation. The request comes after the execution of 22 search warrants and the detention of 10 individuals connected with these operations. Argentine Authorities Hit RainboexSource link

In financial markets, the best entry opportunity is often fleeting and easily missed. Now, Solana's SOL is flashing a timely second chance for those looking to trade bullish breakouts.The SOL price has surged over 7% this week to $193, rebounding off a former resistance-turned-support identified by the trendline connecting highs from March and July. This line, and the one joining April and August lows, define a large descending channel comprising prolonged range play from March to October.The prices broke out of the channel in early November, confirming a bullish bias. SOL quickly climbed to over $260 before retracing to the breakout point last week.The roundtrip is called a bullish "throwback pattern" by technical analysts."Throwbacks occur when prices break out upward...

BitMEX has transitioned its mark method for HYPEUSDTZ25 to Fair Price marking, using a new index that incorporates market data from Gate.io, Kucoin, and Bitget. (Read More)Source link

Cocoa, an unlikely commodity, has become the best-performing asset of 2024, surpassing bitcoin, the U.S. stock market, and other commodities such as gold. Experts predict that prices will likely continue to rise due to relentless demand and climate adversities. Neither Bitcoin nor Gold: Cocoa Rises as the Top Commodity of 2024 2024 was a greatSource link