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Культовый журнал о биткоине, технологии блокчейн и цифровой экономике. forklog hub Площадка для общения криптосообщества. Соединяем компании и пользователей.

News and Analysis

XRP Price Surpasses $1 for the First Time in Three Years
ForkLog 16 16.11.2024

XRP Price Surpasses $1 for the First Time in Three Years

On Saturday, November 16, the price of XRP surpassed the psychological threshold of $1 for the first time since December 2021. Hourly chart of XRP/USDT on Binance. Data: TradingView. At the time of writing, XRP is trading at $1.02, having gained 83.8% over the past week. According to CoinGecko, the cryptocurrency’s market capitalization has reached […]
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Dormant Bitcoin Address Awakens, Moves $180 Million
ForkLog 11 16.11.2024

Dormant Bitcoin Address Awakens, Moves $180 Million

An address inactive for 14 years has transferred 2,000 BTC, valued at over $180 million, to a new location, as noted by analysts at Lookonchain. A miner with 2,000 $BTC($180M) woke up after being dormant for over 14 years and transferred all 2,000 $BTC out today. This miner earned 2,000 $BTC through mining in 2010 […]
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Cybersecurity Highlights: Instagram Data Breach, Bitcoin Mixer Seizure, and More
ForkLog 28 16.11.2024

Cybersecurity Highlights: Instagram Data Breach, Bitcoin Mixer Seizure, and More

We have compiled the most significant cybersecurity news of the week. $700 million seized from the creator of the Bitcoin mixer Helix. Pegasus developer exposed corporate secrets. Hackers claimed to have stolen data from 500 million Instagram users. The game Hamster Kombat became a popular lure for stealing Telegram accounts. $700 Million Seized from Helix […]
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US Congress to Vote on Bitcoin Reserve Bill
ForkLog 37 15.11.2024

US Congress to Vote on Bitcoin Reserve Bill

US Senator Cynthia Lummis introduced the “Bitcoin Act of 2024” for a Congressional vote, proposing the establishment of a strategic reserve of the leading cryptocurrency in the country. “[The proposal] aims to create a strategic bitcoin reserve and other programs to ensure transparent management of the federal government’s bitcoin assets, offset expenses using certain Federal […]
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Traditional Finance to Propel RWA Market Growth, Says Expert; Tether Joins the Fray
ForkLog 47 15.11.2024

Traditional Finance to Propel RWA Market Growth, Says Expert; Tether Joins the Fray

Traditional financial institutions are poised to be the primary drivers of growth in the asset tokenization market, according to Jesse Knutson, COO of Bitfinex Securities, in an interview with Cointelegraph. “[Currently] it is the more agile institutions, like family offices, that can move quickly. I believe they will have a significant impact in these early […]
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FSB Calls for Stricter AI Oversight
ForkLog 10 15.11.2024

FSB Calls for Stricter AI Oversight

FSB in a document titled “The Impact of Artificial Intelligence on Financial Stability” outlined the benefits and risks of AI, urging for tighter control over the technology.  The international organisation analysed the implications of using neural networks in the global financial sector and ways to mitigate potential risks. The advantages include: enhanced operational efficiency; product […]
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Bitcoin Faces Correction Risks Amid High Leverage, Warns Expert
ForkLog 4 15.11.2024

Bitcoin Faces Correction Risks Amid High Leverage, Warns Expert

The distribution of implied volatility in the bitcoin options market suggests a high probability of trading at lower levels, according to experts from Blofin, as reported by CoinDesk. “Traders have reached an implicit consensus that prices for the leading cryptocurrency and altcoins are still high, and a pullback is possible,” commented the specialists. Blofin noted […]
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Solidion Technology Allocates Reserves to Bitcoin
ForkLog 12 15.11.2024

Solidion Technology Allocates Reserves to Bitcoin

Solidion Technology, a manufacturer of electric batteries and components, announced the conversion of part of its cash reserves into Bitcoin. Going forward, the company plans to allocate 60% of its excess funds, all interest income from the money market, and a portion of future capital raised to purchasing the leading cryptocurrency. Solidion justifies its decision […]
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Russian Finance Ministry Acknowledges Cryptocurrencies as Payment Means
ForkLog 20 15.11.2024

Russian Finance Ministry Acknowledges Cryptocurrencies as Payment Means

Cryptocurrencies, while too volatile to serve as a reliable store of value, are effective tools for transactions, according to Russian Finance Minister Anton Siluanov in an interview with the Russia 24 television channel. He advised citizens against investing their savings in digital currencies, yet praised their potential use in foreign trade amidst sanctions. “Cryptocurrencies are […]
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South Korean Authorities Uncover Up to 600,000 KYC Violations at Upbit
ForkLog 24 15.11.2024

South Korean Authorities Uncover Up to 600,000 KYC Violations at Upbit

South Korea’s Financial Intelligence Unit, part of the FSC, has identified between 500,000 and 600,000 potential violations of KYC procedures at the Upbit exchange, according to Maeil Business. Specifically, Upbit allegedly allowed users to open accounts using identifiers with blurred personal details such as names and registration numbers. The platform faces fines of 100 million […]
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Bitfinex Hacker Sentenced to Five Years in Prison
ForkLog 26 15.11.2024

Bitfinex Hacker Sentenced to Five Years in Prison

On November 14, a U.S. court sentenced Ilya Lichtenstein to five years in prison for laundering money obtained from the 2016 Bitfinex exchange hack. Lichtenstein and his wife, Heather Morgan, were arrested in February 2022 on suspicion of involvement in the attack on the exchange. At that time, authorities seized 94,643 BTC (approximately $3.6 billion […]
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Doodles NFT Partners with McDonald's for Holiday Campaign
ForkLog 13 15.11.2024

Doodles NFT Partners with McDonald’s for Holiday Campaign

Starting November 18, Doodles-style illustrations will adorn 100 million festive McCafe cups in U.S. restaurants, following a partnership between the restaurant chain and the NFT project. • ᴗ • 11/18 pic.twitter.com/LDxlE9pnrx — McDonald’s (@McDonalds) November 12, 2024 The initiative, named GM Spread Joy, will also extend to TikTok and Instagram. Organizers will distribute “digital gifts” […]
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