BTC price hits $57K five-month high — 5 things to watch in BTC this week

Bitcoin price action beats last week's local high to edge ever closer into final resistance before all-time highs of $64,500. Bitcoin (BTC) is on top form — almost literally — as it heads into a new week less than 15% from all-time highs.A classic cocktail of factors has laid the foundation for a Q4 finale which analysts are now confidently comparing to the bull runs of 2013 and 2017.Decoupling from macro market movements and the US dollar, Bitcoin is once again looking like the gold alternative that investors want — all while altcoins slip away.With “Uptober” still only in its second full week, Cointelegraph takes a look at what might lie in store for BTC price action over the coming days.Altcoins lag ahead of “Bitcoin season”Things are looking rosy as the week begins for Bitcoin traders — last week’s four-month highs are back and beaten.With the exception of a curious anomaly on exchange Bitstamp, which saw a momentary wick down to $51,000, a quiet weekend preserved previous gains.Now seemingly lining up an attack on final resistance below all-time highs of $64,500, BTC price action is delighting market participants.Still standing behind this scenario on #Bitcoin.

About 6,000 Users Falls Trap as Victims under Phishing Attack: Coinbase

The Nasdaq-listed trading platform, Coinbase, says about 6,000 of its users were suffering as victims of a phishing attack that saw user's balances cleared.

6,000 Coinbase Users Robbed in Phishing Attacks, Company Says It Will Reimburse

Coinbase acknowledged that thousands of customers had funds drained in phishing attack.

Kraken finds 'multiple attack vectors' in top Bitcoin ATM producer's range

Vulnerabilities found in DeFi protocols and other crypto-platforms are a recurring phenomenon within the industry.

Intensified Crypto Ban Forces Huobi to Stop Accepting New Users From Mainland China

Following the Republic of China's latest attack on crypto, Huobi said it will no longer allow new registration of Chinese users on its platform. 

DeFi Protocol pNetwork Loses $12 Million In Tokenized Bitcoin

One of the threats that the crypto community face is the attack of cybercriminals.

Giveaway scam leaves Bitcoin.org domain down for hours 

At the time of writing, Bitcoin.org's web address appeared inaccessible to users after a possible phishing attack was reported earlier today.

Bitcoin.org goes offline after suffering scam attack

Bitcoin.org previously fell victim to a DDoS attack in July, with hackers demanding a Bitcoin ransom. Bitcoin.org, one of the first websites about Bitcoin (BTC), has been hacked by online scammers and down as of the time of writing. Cobra, Bitcoin.org’s anonymous curator, announced on Sept.

The US Treasury Department Imposes Sanction on Suex Crypto Exchange, Accused of Facilitating Ransomware Transactions

The US Treasury Department said in a statement that Suex cryptocurrency exchange has been aiding ransomware actors to attack businesses and government entities.

South Africa Ransomware Attack: Justice Department Denies Receiving 50 BTC Ransom Demand

South Africa’s Department of Justice and Constitutional Development (DOJCD) has denied claims that it has received a 50 bitcoin ransom demand from hackers that attacked its systems on September 6, 2021.

Avalanche Defi Platform Vee Finance Attacked — $35 Million in ETH, BTC Siphoned

On September 21, 2021, an Avalanche-based decentralized finance (defi) platform Vee Finance announced that it suffered from an incident that siphoned 8,804 ether and 213 bitcoin out of the system.

DeFi platform Vee Finance exploited for $35M on Avalanche blockchain

Vee Finance says it suffered a $35 million attack just a few days after launching the mainnet on Avalanche last week. Decentralized finance (DeFi) platform Vee Finance reported $35 million losses in the latest exploit, just a few days after launching the mainnet on the Avalanche network.After pausing services due to suspicious activity on Sept.

Solana attributes major outage to denial-of-service attack targeting DEX offering

The Solana Foundation says bots spammed the Grape Protocol IDO on Raydium with 400,000 transactions per second, bringing the network to its knees. Solana has attributed the 17-hour outage it suffered last week to a denial-of-service attack aimed at Grape Protocol’s Sept.

Custodial Lightning Network Service Attack Discovered by LN ‘Newbie’ — Hacker Strikes 6 LN Custodians

On September 18, a Redditor posted to the r/bitcoin forum and explained how he discovered a way to “attack [the] lightning Network’s custodial services.” The Reddit account dubbed “Reckless Satoshi” wanted to figure out if a “discrepancy between real routing fees and service’s transaction fee can be exploited for a profit.” The researcher disclosed that […]

SushiSwap's MISO Suffers USD 3M Attack, Contract Thefts May Rise

en attacked. Per his words, this was a supply chain attack, with an anonymous contractor, who’s using the GitHub handle ‘AristoK3’, injecting a malicious code into Miso’s front-end.As for the identity behind this handle, Delong said that they “have reason to believe” it’s the Twitter user ‘er...

Ethereum evades attack as 'client diversity' comes to the fore

Crypto-hackers are known to spot the slightest of vulnerabilities in networks to take advantage of, often with varying results.

Solana and Arbitrum knocked offline while Ethereum evades attack

Solana’s validators are preparing a new release after the network was brought down by a sudden surge in transaction volume while Ethereum has evaded a malicious attack. Surging Ethereum rival, Solana (SOL), has shed 15% of its value over the past 24 hours after suffering a denial-of-service disruption.On Sept.

Zabu token price flatlines after $3.2M attack on Avalanche blockchain

Zabu confirmed that the attacker successfully pulled out 4.5 billion tokens in Zabu Farm Contract and stole around $600K. Zabu Finance, a DeFi application on the Avalanche blockchain, has reportedly been exploited for crypto tokens worth $3.2 million.

Cream Finance Promise to Refund Stolen Funds in its $462M Protocol Exploit

Cream Finance has plans to refund victims of its latest network attack.

Cream Finance Loses $25 Million To A Flash Loan Attack

PeckShield reported through a tweet of the new hack on Cream Finance.

Cream Finance Suffers USD 25M Flash Loan Attack

Decentralized finance (DeFi) project Cream Finance (CREAM) confirmed that they've suffered an exploit today. "C.R.E.A.M.

Beleaguered DeFi project xToken suffers second major exploit since May

xToken has been exploited for around $4.5 million following the latest attack targeting the DeFi protocol’s smart contracts. The decentralized finance project xToken has suffered another exploit over the weekend after hackers discovered a vulnerability in the smart contracts for its xSNX product.On Aug.

Court Says Coins From Bitcoin SV Hack Can’t Be Transferred

Crypto exchange Bitmart won an injunction against the alleged hackers behind a July attack on the Bitcoin SV blockchain.

USD ‘Going Down’ Says Crypto-Skeptic Billionaire Who Called BTC a ‘Lie’

Jeffrey Gundlach. Source: A video screenshot, Youtube/Real Vision Finance A prominent Wall Street billionaire known as the Bond King, a man who once called himself a “long-term dollar bear,” has launched a scathing attack on the USD.

Bitcoin prepares for $50K showdown as futures traders turn 'modestly bearish' on BTC

The market is clear for an attack on $50,000 resistance but not everyone is betting on further upside, data shows. Bitcoin (BTC) edged closer to $50,000 on Aug.

Crypto Exchange Liquid Hacked, Loses Millions in Various Currencies

Japanese cryptocurrency exchange Liquid is suspending deposits and withdrawals after a security breach resulting in the loss of around an estimated $80 million in digital assets.

Liquid Exchange Hacked, Working With Other Exchanges on Recovering Funds

Japanese crypto exchange Liquid has suffered an attack this morning, with the thief taking off with a still unconfirmed amount of bitcoin (BTC) and ethereum (ETH), among other coins.

Bitcoin can see $55K breakout if last major BTC price resistance is broken — Analyst

A short squeeze could send BTC/USD far beyond $50,000 if the $48,000 sell wall crumbles. Bitcoin (BTC) touched $47,000 on Tuesday as ranging behavior continued to hint at an attack on major resistance.BTC/USD 1-hour candle chart (Bitstamp).

Protect your assets with risk control strategies on Huobi Global

Mainstream interest in DeFi is on the rise, but so is DeFi-related crime—and the latest hack may just be the biggest crypto attack in history.  On August 10th, Poly Network, a computer protocol The post Protect your assets with risk control strategies on Huobi Global appeared first on AMBCrypto.

BTC eyes $50K breakout despite most ‘greed’ since all-time highs: 5 things to watch in Bitcoin this week

Bulls refuse to give up as expectations grow of a fresh charge on final resistance before $50,000. Bitcoin (BTC) is approaching its second attack on pivotal resistance this week as bulls remain firmly in the driver’s seat.After a mixed weekend that saw both a run on $48,000 and a major rejection at that level, Bitcoin is already back, having made up all of its losses.With conditions broadly favorable for continued strength, it may only be a matter of time before the next impulse move reshapes the BTC/USD spot market.Cointelegraph suggests five factors worth taking into account when assessing where Bitcoin might be headed in the coming days.

London court orders Binance to trace hackers behind $2.6M Fetch.ai attack

"We need to dispel the myth that crypto assets are anonymous.

Altcoins soar while Bitcoin bulls gather strength to attack $48,000

WINk, DENT and IOTX notched triple-digit gains as Bitcoin’s bullish momentum extends to the wider crypto market.

Plot Twist: The $600M PolyNetwork Hacker ‘is Ready To Return The Funds’

The hacker behind the PolyNetwork attack has publicly stated that he is ready to return the funds.

SEC’s Pierce Returns to the Warpath to Criticize Poloniex Settlement

Source: A screenshot, Youtube/CNBC Television One of the commissioners of the America financial regulator, the Securities and Exchange Commission (SEC), has launched another blistering attack on her own organization after the Poloniex crypto exchange agreed terms on a circa USD 10.4m settlement, claiming that the trading platform would have waited in vain should it have attempted to follow the

Hackers stole at least $600M in Poly exploit across three chains

Paolo Ardoino reported Tether had frozen roughly $33 million in USDT from one of the affected addresses. In what may be the largest attack in decentralized finance, unknown hackers used an exploit on cross-chain protocol Poly Network to remove at least $610 million from three chains.According to a Tuesday update on Twitter, Poly Network said the attacks had removed assets from Binance Chain, Ethereum, and the Polygon network.

Coinbase halts Bitcoin SV trading after yet another 51% attack

Bitcoin SV is in trouble once again after Coinbase announced that it will be halting BSV trading on the platform.

Bitcoinsv Chain Suffers 51% Attack: Analyst Claims BSV Network Experienced a 100-Block Reorg

Reports show that the Bitcoinsv blockchain suffered from a 51% attack on Tuesday, August 3, 2021, as the founder of Blockchair, Nikita Zhavoronkov explained the network endured a 100 block reorg “wiping out 570k transactions.” Onchain Observers Witness a Deep Bitcoinsv Reorg The Bitcoinsv (BSV) network has been having issues lately following problems the protocol […]

Coinbase Stops Bitcoin SV Trading Following 5th Attack

Major crypto exchange Coinbase has stopped bitcoin SV (BSV) trading following the latest in a string of attacks on the network.

Bitcoin SV Network Suffered a Large-Scale 51% Anonymous Attack

Cryptocurrency data analyst CoinMetrics found that the Bitcoin SV network suffered a 51% attack anonymously through its regular monitoring tool FARUM on Tuesday.

Bitcoin SV Suffers Another 51% Attack

An unidentified group reorganized the Bitcoin SV blockchain, creating 3 different chains that were mined at the same time

Breaking: BSV reportedly suffers ‘massive’ 51% attack

“After an attempted attack yesterday, some serious hashing power was unleashed today at 11:46AM and attackers are succeeding,” said Lucas Nuzzi of Coin Metrics, referring to the Bitcoin SV chain.

China's attempt to kill Bitcoin failed — Here are 3 reasons why

Bitcoin’s hashrate recovery, steady peer-to-peer markets and the steady volume exhibited by Asia-based exchanges suggest that China’s attempt to ban BTC was ineffective. Bitcoin (BTC) might have suffered its largest coordinated attack over the last couple of months, but in this instance, the investor community did not capitulate.

Bitcoin records rare 10-day winning streak as BTC price taps $42K ceiling

Daily chart data shows the strength of the current rally as a longstanding resistance level finally shows signs of falling. Bitcoin (BTC) shot to new highs of $42,400 on July 31 in a surprise attack on range resistance which sellers failed to squash.BTC/USD 1-hour candle chart (Bitstamp).

Kaseya recovers data stolen in ransomware attack with mysterious decryption tool

The IT firm denies that it paid a ransom to the Russian hacker group in exchange for the decryption tool.

Kaseya Denies Paying $70 Million Bitcoin Ransom

Last week, the company said it had obtained a decryptor key after a ransomware attack.

Kubernetes Clusters Used to Mine Monero by Attackers

Attackers are abusing an attack vector present in one of the most popular execution engines (Argo Workflows) to repurpose Kubernetes systems to mine cryptocurrencies.

Would Dogecoin survive if someone tried to attack it

Dogecoin is known to many as the original meme-coin, and its supporters aspire to take it "to the moon." Founded in 2013, it took many years for the coin to gain traction.

BSC Flash Loan Attack: The Three Copycats

A series of attacks compromised several Binance Smart Chain (BSC) projects in May.

Bitcoin Ransomware Victim Kaseya Isn't Saying How It Got the Key to Stop Attack

Did Russia intervene? Did the company have help from the US? Or did it pay off REvil?

BSC Flash Loan Attack: PancakeBunny

In May 2021, we witnessed multiple hacks targeting BSC DeFi products.

Ethereum's MEV Vulnerability To Be 'Less of a Problem' - Buterin

Source: Adobe/H_Ko Ethereum (ETH) co-founder Vitalik Buterin claims that it is about to get more difficult for bad actors to exploit a vulnerability that allows them to attack the network, hurting it and its users. As reported, a "personal project" (now suspended) by developer and CEO of hackathon platform Eventornado, Edgar Aronov, has been much discussed recently, as it would allow

Thorchain Tapping Treasury to Repay $5M in Ethereum After Attack

An attack on Thorchain scorched its Ethereum liquidity providers.

Thorchain Attack Drains Protocol of $25 Million in Ethereum

The blockchain protocol has paused the network to deal with the attack.

DOGE attack: Co-founder slams crypto as 'right-wing hyper-capitalist’ tech

The crypto industry is controlled by a “powerful cartel of wealthy figures” according to Jackson Palmer. The co-founder of the memecoin DOGE, Jackson Palmer, has slammed the entire crypto industry and its investors in a vitriol-laden Twitter thread on Wednesday.Palmer, who created the wildly popular coin as a joke in 2013, unleashed his tirade in a lengthy thread about whether he would ever return to cryptocurrency, in short his answer is an emphatic “no”.

Dogecoin Creator Jackson Palmer Says Crypto Preys on 'Financially Desperate and Naive' in Tweetstorm

The man who founded Dogecoin, one of the biggest cryptocurrencies by market cap, has launched an attack on the whole ecosystem.

ChainSwap Exploit Leads to Multi-Million Loss For DeFi Tokens

Alameda-backed ChainSwap, a platform that bridges Ethereum to Binance Smart Chain, fell victim to another attack last night.

Biden Warns Russia's Putin to Act on Bitcoin Ransomware After $70 Million Attack

Putin has been warned before. Then REvil made its biggest attack yet.

Bitcoin Cash, Polkadot, Ethereum Classic: 08 July

Another day, another attack from the market's bears. The prices of most cryptocurrencies dropped after Bitcoin rejected the resistance at $35,000.

Cybercriminals Disable Site Hosting Bitcoin Whitepaper, Demand Ransom Payment in BTC

The website that first published the Bitcoin whitepaper says that the site suffered a malicious attack by cyber ransomers.

DDoS attack on Bitcoin.org: What steps did the 'Ungrateful scum' take?

The bitcoin community was informed about a DDoS attack on the prominent Bitcoin website, Bitcoin.org.

Bitcoin.org Reportedly Hit With DDoS Attack, Ransom Demand

Attackers have demanded a ransom of 0.5 Bitcoin, the site’s operator told Decrypt.

Bitcoin.org owner reports site hit with 'absolutely massive' DDoS attack

The attack comes just one week after a UK court ordered the website to stop hosting the Bitcoin white paper. A website aiming to support the development of Bitcoin has reportedly been hit with a DDoS attack.Cøbra, the pseudonymous owner of Bitcoin.org, reported on Twitter today that the website had been hit with an “absolutely massive” distributed denial of service, or DDoS, attack along with a ransom demand for an undisclosed amount of Bitcoin (BTC).

Joe Biden Directs US Intelligence to Investigate Ransomware Attack Against Florida IT Firm

Joe Biden wants to crackdown on ransomware according to statements he made on Friday, after hackers hijacked software from a Miami-based IT supplier called Kaseya.

What the REvil Ransomware Attack Means for Bitcoin

The REvil gang has demanded $70 million in Bitcoin after attacking at least 200 US companies on Friday.

US state dept urges El Salvador to be 'responsible' about Bitcoin adoption

Victoria Nuland said the United States was taking a "tough look at Bitcoin" following a major ransomware attack and suggested El Salvador take a similar approach. The US Department of State’s Under Secretary of State for Political Affairs Victoria Nuland said El Salvador should ensure Bitcoin is well regulated under its new legal framework.In a Wednesday press conference following a meeting with President Nayib Bukele, Nuland said the United States was taking a “tough look at Bitcoin” following the ransomware attack on the Colonial Pipeline and suggested El Salvador take a similar approach.

Ethereum, Tezos, Synthetix Price Analysis: 25 June

On 25 June, market bears resumed their attack on the recovering cryptocurrency market.

XRP, Dogecoin, Polkadot Price Analysis: 23 June

The last 24 hours brought some smiles to many as the market recovered somewhat after a 48-hour bear attack.

Inside A Ransomware Attack: How Dark Webs of Cybercriminals Collaborate

David S. Wall, Professor of Criminology, University of Leeds. ____ In their Carbis Bay communique, the G7 announced their intention to work together to tackle ransomware groups.

How Did the Feds Get the Pipeline Hackers' Bitcoin? Here's the Best Theory

A ransomware expert explains how the US likely seized most of the Bitcoin from the Colonial Pipeline attack.

Stay Alert to Crypto Wallets Protection from Quantum Computer Attack

Nowadays, the application of digital signature to access financial accounts could be risky to be attacked by quantum computer hacking, especially for the crypto wallets, experts remind the public to stay alert.

JBS Paid Hackers $11 Million Worth of Bitcoin to Set Free From Hacker Attack

JBS's CEO Andre Nogueira revealed the company had paid hackers $11 million worth of Bitcoin ransom to set free.

Here’s what would happen to Bitcoin if the government tried to take it over

Fear mounted as the FBI announced that it helped Colonial Pipeline retrieve a portion of its BTC ransom payment, but can the government actually take over Bitcoin and the network? On June 7, the United States government task force seized more than $2 million in Bitcoin (BTC) to pay a ransom following an attack on the Colonial Pipeline system.

'Bitcoin was NOT hacked!' But why does this even need to be clarified?

Department of Justice officials claimed on Monday that they struck a heavy blow to the attackers behind Colonial Pipeline cyber attack.

Bitcoin, Ethereum, and Dogecoin All Drop in Nearly $2B Market Sell-Off

After the recovery of funds from the Colonial Pipeline ransomware attack, unsubstantiated rumors that Bitcoin had been hacked spread—prompting a dip.

The BTC-Colonial Pipeline FUD Gives A Lesson On Bitcoin Security

There is an abundance of FUD (fear, uncertainty, doubt) the Cryptoverse is fighting to debunk today - after millions of USD in bitcoin (BTC) was allegedly seized, used as ransom in the US Colonial Pipeline ransomware attack in early May.

US officials recover $2.3M in crypto from Colonial Pipeline ransom

Government officials did not specify the exact method used to seize the funds from the ransomware group. Officials with a United States government task force have seized more than $2 million in crypto used to pay for ransom following an attack on the Colonial Pipeline system. In a Monday press conference, Deputy Attorney General Lisa Monaco said that the task force “found and recaptured” millions of dollars worth of Bitcoin (BTC) connected to Russia-based DarkSide hackers, the majority of the $4.4 million funds originally paid.

Biden to discuss crypto’s role in ransomware attacks at G-7, says national security adviser

The US president has rarely made public statements on crypto and blockchain, though officials in his administration are reportedly reviewing current regulations. United States President Joe Biden will speak directly about cryptocurrency and its role in the attack on the Colonial Pipeline and other ransomware breaches, according to Biden’s national security adviser, Jake Sullivan.In a White House press briefing on Monday, Sullivan said US officials, seemingly including Biden, would like to see an action plan regarding ransomware attacks during the president’s visit to the G-7 summit this weekend.

US Recovers Bitcoin Paid to Colonial Pipeline Hackers: Report

Colonial Pipeline paid $4.4 million in Bitcoin to resolve a ransomware attack.

Crypto’s dark underbelly exposed in ransomware attack, US senator says

US senators voiced their opinions on the matter of cryptocurrency's use in ransomware attacks. United States lawmakers have deliberated on the prospect of banning cryptocurrencies as a solution to the ransomware attacks that befell US institutions in the past month, and opinions appear to be mixed.The largest fuel pipeline in America was brought to a halt in early May when hackers infected the computer networks of Colonial Pipeline.

New Crypto FUD Round Incoming as US Gunning for Ransomware Crackdown

United States politicians appear to have a new stick to beat the crypto sector with – as they prepare an onslaught on ransomware and crypto payments to criminal groups. Per Reuters, a senior official at the Department of Justice (DOJ) confirmed that the department is set to elevate the status of ransomware attack probes to the same kind of level as terrorism incidents.

Biden Administration Seeks to Expand Crypto Tracking to Fight Ransomware

This weekend's ransomware attack on JBS has threatened the country's food supply.

Binance Smart Chain Faces yet Another Flash Loan Attack: Belt Finance Loses $6.3 Million

Belt Finance, a Binance Smart Chain-based decentralized lending protocol, lost $6.3 million in a flash loan attack last week.

Belt Finance Exploited for $6.2 Million in Flash Loan Attack

Belt Finance is the latest in a growing list of Binance Smart Chain-based projects that have fallen victim to ingenious hackers.

BSC Defi Protocol Burgerswap Loses $7.2 Million from a Flash Loan Attack

Another Binance Smart Chain project has been hit with a flash loan attack according to a post mortem written by the Burgerswap team.

BurgerSwap on Binance Smart Chain drained of $7.2M after flash loan attack

Binance Smart Chain is under attack, again, after yet another decentralized finance [DeFi] project got exploited in the last 24 hours.

BurgerSwap Explains $7.2 Million Flash Loan Attack in Post-Mortem

Another Binance Smart Chain project falls victim to a flash loan attack involving a fake token and price manipulation.

Binance Smart Chain’s BurgerSwap drained of $7.2M in exploit

The latest in a recent spate of decentralized finance hacks. Another decentralized finance protocol was subject to a major exploit on Friday, May 28, after $7.2 million was drained from BurgerSwap (BURGER) on Binance Smart Chain.Varying amounts of seven different cryptocurrencies were stolen amid the attack, including $3.2 million worth of BURGER tokens, $1.6 million worth of Wrapped BNB (WBNB) and $1.4 million worth of Tether (USDT).

Another BSC Project Exploit: $7.2M Drained From BurgerSwap in a Flash Loan Attack

$7.2 million were drained from the DeFi protocol BurgerSwap in yet another flash loan attack on a project using the Binance Smart Chain.

Bitcoin Mining Council: Promotion, Cabal, Attack on BTC, or Pointless?

The decision was reached in the meeting between Bitcoin (BTC) miners, the chiefs of a few investment and tech companies, and some billionaires to form the Bitcoin Mining Council.

4Chan Insider Predicted Bitcoin Crash, Claims It Was A Coordinated Attack

Investors are contemplating what next following the market correction, which saw Bitcoin drop as low as $29k.

Colonial Pipeline Hackers DarkSide Nabbed Over $90M in Bitcoin

The hacking group behind this month’s ransomware attack reportedly took in more than $90 million across dozens of ransom payments.

Blockchain Analytics Firm Tracks Down BTC Wallet of Hackers Who Caused US Gas Shortages

Blockchain analytics firm Elliptic says it has identified the Bitcoin wallet that hackers used to receive ransom payment from Colonial Pipeline, one of the largest fuel pipeline operators in the US.  The Eastern European criminal group DarkSide is linked to the ransomware attack that compromised the computer system of Colonial Pipeline, causing several days of […] The post Blockchain Analytics Firm Tracks Down BTC Wallet of Hackers Who Caused US Gas Shortages appeared first on The Daily Hodl.

Report: Colonial Pipeline Paid $5M Worth in Crypto to Ransomware Gang, Restarts Services

The global oil market was shaken by news from the United States as a ransomware attack hit the largest oil infrastructure operation in the country.

Colonial Pipeline Pays Hackers Ransom in 'Untraceable Cryptocurrency': Report

The company was hit with a ransomware attack late last week which caused gasoline shortages across the Eastern United States.

3 reasons why Bitcoin doesn't care about Elon Musk

Tempers are running hot in the latest round of Bitcoin FUD, but a longer-term perspective reveals "business as usual" for BTC. Bitcoin (BTC) dived 17% when Tesla CEO Elon Musk criticized its energy consumption — but it's already bouncing back.On May 13, fresh from its dip to $45,60, BTC/USD is trading above $51,000, having regained over half its lost ground. With the drama still spreading, Cointelegraph considers why, on a fundamental level, Bitcoin is ultimately resilient to the actions of a single user — no matter how influential he or she is.Proof-of-Work doesn't careBitcoin's Proof-of-Work (PoW) algorithm rewards both miners and investors over time because their years of work makes the network stronger.The longer Bitcoin continues, the less likely it is to succumb to attack or see its participants leave the network for a different cryptocurrency. This is precisely why Bitcoin continues to be the cryptocurrency of choice with competition — as many argue, no altcoin can "do Bitcoin" like Bitcoin. When it comes to Musk, however, proof-of-work is signifcant for another reason.

Hackers Attack Instagram Accounts in Malta and Require Bitcoin Ransom

Hackers take control of Instagram accounts in Malta and demand to be paid in bitcoin to restore access.

Malicious Tor Network Servers Are Targeting Users’ Cryptocurrencies

An unidentified hacker has been conducting a large-scale attack on the Tor Network for over 16 months, hijacking up to 25% of its “exit relay” capacity.

DeFi Startup Rari Capital Reveals Details Behind Hack That Cost $10 Million in Losses

Decentralized finance (DeFi) startup Rari Capital is revealing the details behind the attack that cost 2,600 ETH, or roughly $10 million in losses.

South Korean Gov’t Has ‘Invested USD 44.5m in Crypto Firms Since 2017’

Opposition lawmakers have launched a stinging attack on the South Korean government, accusing it of hypocrisy after it emerged that publicly owned companies and government departments have invested a combined USD 44.5m in crypto-related projects in the past four years. The data was compiled by the office of an opposition party MP, Yoon Chang-hyun of the People’s

Spartan Protocol exploit results in loss of $30M

The price of SPARTA token plunged 30% on Sunday as details of the attack came to light.