Author: Crypto News Live

Mt Gox hackers were arrested by the US Department of Justice The hackers stole at least 647,000 BTC in a theft that occurred for years The United States Department of Justice [DoJ] announced the arrest of two Russians for hacking the then-biggest Bitcoin [BTC] exchange – Mt Gox. The authorities have identified the hackers as Alexey Bilyuchenko and Aleksandr Verner. The case alleges that both individuals “gained unauthorized access to the server holding the cryptocurrency wallets for Mt Gox.” Does the biggest Bitcoin exchange hack get closure? Notably, the incident, which began around September 2011, saw the accused transfer Mt…

Tron had nearly 2.4 million active addresses as of 7 June as per Tron DAO. However, at press time, TRX was seen surrounded by the bears and didn’t show any bullish signals.  Tron Community, a Twitter handle that posts updates about the Tron [TRX] ecosystem, shared some celebration-worthy news with the community. On 9 June, 10.19 AM PDT, the Twitter handle stated that Tron climbed to the 10th position on CoinMarketcap. This could be taken as a significant development for the community. #TRON climbs to the 10th place on @CoinMarketCap as a step that proves the importance of the network…

The fallout from the U.S. Securities and Exchange Commission’s (SEC) civil lawsuit filing against Binance, the most popular crypto exchange by volume, continues this week, with Binance.US, the American arm of the global exchange, announcing a temporary halt to all fiat withdrawals late Thursday, June 8. The exchange attributed the move, which is expected to take effect as early as June 13, 2023, to its banking partners, who have indicated their intention to suspend USD fiat operations with the company.  “As a result,” Binance.US wrote on its Twitter account yesterday, “in an effort to protect our customers and platform, today…

Blockchain Deutsche Telekom, the technology giant, has joined the Polygon blockchain as a validator node, signalling its ambitions to become an infrastructure provider in the web3 space. Dirk Röder, the head of the Blockchain Solutions Center at Deutsche Telekom, was quoted by DL News as saying that “supporting the Polygon network as a validator is a big milestone in this objective”. Polygon not a layer 2? Deutsche Telekom has decided to support the Ethereum ecosystem and its scalability solutions, and Polygon, known as the leading Ethereum Layer-2 scaling platform, aligns with that focus. While Polygon was initially marketed as an…

NFT If you’ve seen a popular non-fungible token (NFT) on Twitter and wondered who else has shared it or who owns it, there’s a new tool to help you answer that question. NFT Inspect, a popular NFT analysis and community tool recently brought back to life, has launched a new Chrome browser extension that provides real-time data on popular NFT collections commonly used as Twitter profile pictures (PFPs). The Twitter NFT Search tool, which is also available in beta as a web version, allows users to search for different ways an NFT is used on Twitter, either as a profile…

The project’s co-founder explained why wallet and privacy security were important to the blockchain. While L2s were also vital, ENS development could reduce the high cost of gas fees. According to Vitalik Buterin, the co-founder of Ethereum [ETH], the Ethereum network needs to pass through three key transitions. And it needs to happen before the project can become “globally permissionless’ to the average user. How much are 1,10,100 ETHs worth today? Vitalik, who shared the information via his personal blog, noted that the three phases include the L2 scaling solution, the wallet, and privacy transitions. These transitions form part of…

Active addresses hit the one million mark on 6 and 7 June. Traders’ positions suggested optimism for BTC’s price. The number of active addresses transacting with Bitcoin [BTC] reached one million for two consecutive days, on 6 June and 7 June, according to Santiment. 📈 With volatility increasing market-wide, #Bitcoin’s level of utility has picked up quite drastically. The amount of unique addresses interacting on the $BTC network has exceeded 1 million in each of the past two days, the first time since April 21st. https://t.co/QVfRuwUwXQ pic.twitter.com/k1jvEXDi7G — Santiment (@santimentfeed) June 8, 2023 How much are 1,10,100 BTCs worth today?…

Trading giant Robinhood is reportedly delisting a handful of prominent crypto assets in response to the U.S. Securities and Exchange Commission (SEC) suing Binance and Coinbase for allegedly violating securities laws. According to a new report by Bloomberg, Robinhood’s chief legal officer, Dan Gallagher, told members of Congress that the firm is delisting smart contract platforms Solana (SOL), Cardano (ADA), and Polygon (MATIC) after the SEC cracked down on the digital asset industry earlier this week. In addition, Gallagher told the House Agriculture Committee that Robinhood will also be reviewing its crypto options moving forward. Gallagher, who himself is a…

A renowned cryptocurrency trader, widely known by his pseudonym, DonAlt, predicts a significant surge in Ethereum’s value, stirring optimism among crypto enthusiasts.DonAlt, in a recent YouTube video, suggested that Ethereum could observe an approximate 36% rise from its current value, contingent on its ability to transform a pivotal resistance level into a supporting one.Rally On The Horizon?Ethereum experienced a failed breakout attempt at around $1,900, but the lack of subsequent downturn hints at a potential rally. Should Ethereum successfully close above the $1,900 mark, a swift rise to approximately $2,500 is well within the realm of possibility, according to the…

Welcome back to Now Runway, where we report to you from the frontlines of the digital fashion and luxury revolution. 9DCC, the digital fashion house from gmoney and streetwear pioneer Jeff Staple tease out a networked product to be revealed at Paris Fashion Week. DRAUP and Nicolas Sassoon give us this week’s more affordable collector’s item: an augmented reality cape available exclusively on Zora. Read on to see what luxury item Louis Vuitton may let you purchase for €39,000, how to join the quickly growing cult of P00LS to find the most coveted sneakers, and what else you missed this…