Bitcoin News Thebittimes.Com

North Korean hackers deploying “Durian” malware targeting South Korean crypto firms. The resurgence of dormant hackers like Careto underscores the evolving cybersecurity landscape. Hacktivist groups like SiegedSec escalate offensive operations amidst global socio-political events. The first quarter of 2024 has proven particularly eventful, with notable findings and trends emerging from the frontline of cyber security. From the deployment of sophisticated malware variants to the resurgence of long-dormant threat actors, the landscape of cyber threats continues to shape-shift, presenting new challenges for security experts worldwide. A recent report by the Global Research and Analysis Team (GReAT) at Kaspersky made a striking revelation shedding light on the activities of various advanced persistent threat (APT) groups. The Durian malware targeting South Korean crypto firms Among the findings made by GReAT is the emergence of the “Durian...

BNB hit its highest price since June after Bloomberg reported the Justice Department wanted $4 billion from Binance to end its probe into the exchange. BNB (BNB) has gained over 7% in the last day after Bloomberg report ed that the United States Department of Justice is contemplating a $4 billion settlement with Binance to resolve its investigation into the company. Cointelegraph Markets Pro shows BNB spiked 6% to $262 in around 30 minutes after Bloomberg’s Nov. 20 report , which said Binance was negotiating an agreement to resolve a DOJ probe into alleged sanctions violations, money laundering and fraud. BNB dropped to $252 around four hours later but notched a second spike to $266 — its highest price since June 7 — two days after the Securities and Exchange Commission sued Binance and CEO Changpeng “CZ” Zhao alleging they violated various securities laws. BNB has seen an over 7% gain in the last 24 hours. Source: Cointelegraph Markets Pro The Binance-issued token has the highest 24...

The company beat estimates while non-trading revenue beat trading revenue. New York-based crypto exchange Coinbase reported revenue in the amount of $708 million in the second quarter of 2023, despite the regulatory issues it's faced in recent months, boosted by a custody deal with Blackrock and institutional focus . The exchange said Q2 net revenue reached $663 million, down 10% versus the same period last year, yet beating early estimates on its growing market dominance in the United States as competitors such as Binance are bogged down by regulatory trouble. The crypto exchange’s impressive performance was also attributed to the strong crypto price cycle last quarter where the likes of Bitcoin and other altcoins posted new yearly highs. Early estimate s from the Zacks Consensus Estimate put crypto exchange’s earnings at $643.4 million, a 20.4% decline from the past year during the same time. Another report from Messari suggested that  for the first time, Coinbase's non-...

This latest report is a guide to help the next generation of cryptocurrency users and veterans alike in the ways of decentralized finance. The cryptocurrency market saw an explosion of growth during the 2021 decentralized finance (DeFi) Summer and increased fear of missing out (FOMO), which drove prices of Bitcoin (BTC) and much of the cryptocurrency market to all-time highs. During that time, the total value locked (TVL) across DeFi rose to nearly $180 billion before crashing down to earth.  After the past few weeks of the BTC price crossing the $30,000 threshold, some are speculating if the market is gearing up for another bull run. That could signal interest from both veterans of past cycles and those new to crypto to get interested in DeFi, and Cointelegraph Research’s latest report is here to help give insights to past, present and future DeFi users. Download the report on the Cointelegraph Research Terminal. “Investing in DeFi: A Comprehensive Guide” report is a perfect start ...

Join Our Telegram channel to stay up to date on breaking news coverage According to two people with knowledge of the situation, federal prosecutors are looking into whether Sam Bankman-Fried, the founder of FTX, manipulated the market for two cryptocurrencies this past spring, causing their demise and setting off a chain reaction that ultimately led to the collapse of his own cryptocurrency exchange last month. The possibility that Bankman-Fried manipulated the prices of two interconnected currencies, TerraUSD and Luna, to benefit the entities he controlled, such as FTX and Alameda Research, a hedge fund he co-founded and owned, is being looked into by US prosecutors in Manhattan, the people said. The investigation is still in its early stages, so it’s unclear if prosecutors have found evidence of Bankman-Fried’s wrongdoing or when they first started looking into the TerraUSD and Luna trades. The case is a component of a larger investigation into the fall of Bank...

The American Banking Banking Association highlighted that a CBDC issued by the U.S. Federal Reserve lacks “compelling use cases.” While some countries like Nigeria are aggressively pushing the use of central bank digital currencies (CBDCs), a new report summarized why a number of private stakeholders are against the idea of a CBDC.  The report dubbed “The State of CBDCs in 2022,” published by blockchain insights firm Blockdata, dove into the most significant CBDC developments within the past year. It also pinpointed some of the key reasons why some private companies are against CBDCs. Citing stablecoin issuer Circle’s stance on CBDCs, the Report highlighted that digital currency issuance may be better if left to the private sector and were left to innovate with regulatory approvals. Furthermore, the American Banking Association’s (ABA) stance on CBDCs was also cited in the report. According to the ABA, a CBDC issued by the United States Federal Reserve lacks “compelling use cases” an...

The IRCI report states that Australians still believe in Bitcoin and that the boomer demographic is growing in conviction. Bitcoin (BTC) has topped the crypto charts in a survey from down under. According to 2,000 Australians surveyed by the Independent Reserve Cryptocurrency Index (IRCI), Bitcoin is number one for brand recognition, ownership and overall sentiment.  Bitcoin with the most brand awareness, and by a long shot. https://t.co/LqhYPXe3p8 — Stephan Livera (@stephanlivera) November 28, 2022 In the report, while 92% of Australians have heard of cryptocurrencies, Bitcoin enjoys the highest levels of brand awareness. Accordingly, 90.80% of respondents had heard about Bitcoin. Stephan Livera, a popular Bitcoin podcaster from Australia, shed light on the figures. Livera told Cointelegraph, “Bitcoin continues to grow in brand awareness because it was first and because it was truly the zero to one moment akin to discovering fire or inventing the printing press.” “Bitcoin also has...