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Massive $800M Crypto Liquidation Wave Hits as Bitcoin Touches $96K
Over $846 million in crypto trading positions were liquidated within 24 hours, affecting 243,000 traders amid significant market volatility. The largest single liquidation was a $15.8M ETHUSDT position on Binance, while Bitcoin climbed to $96,811 despite the turmoil.
Fatal Shooting Erupts in Parliament Over Crypto Mining Ban Amid Energy Crisis
A deadly confrontation in Abkhazia's parliament left one lawmaker dead and two injured during heated debates over cryptocurrency mining restrictions. The incident underscores rising tensions as the region battles severe power shortages and economic challenges.
Chainlink Labs Expands Global Reach with Strategic Move into Abu Dhabi
Chainlink Labs establishes presence in Abu Dhabi Global Market (ADGM), marking significant expansion into MENA region. The strategic move aims to accelerate blockchain innovation and onchain finance adoption while strengthening partnerships with regional financial institutions.
Intel, NVIDIA, and EQTY Lab Unite to Launch Blockchain-Based AI Security Framework
A pioneering collaboration between tech giants introduces the Verifiable Compute framework on Hedera blockchain, implementing hardware-based cryptographic guarantees for AI security. The initiative aims to revolutionize data integrity and compliance in AI systems through real-time validation and immutable audit trails.
North Korean Cybercrime Hits Record: $1.6B in Crypto Stolen During 2024
North Korean hackers dominated cryptocurrency theft in 2024, stealing $1.6 billion through 47 cyber attacks and accounting for 61% of global crypto theft. The stolen funds are believed to support weapons development, with hackers using sophisticated methods including fake remote work schemes.
El Salvador Phases Out Chivo Bitcoin Wallet in Historic $1.4B IMF Agreement
El Salvador announces plans to discontinue its state-backed Chivo cryptocurrency wallet as part of a landmark $1.4B IMF deal, though Bitcoin remains legal tender. The agreement marks a strategic shift in the country's crypto approach while potentially unlocking over $3.5B in international financing.
Court Holds Bitcoin Claimant Craig Wright in Contempt, Faces Suspended Prison Term
Australian computer scientist Craig Wright faces a suspended 12-month prison sentence after breaching a UK court order prohibiting bitcoin ownership claims. The ruling follows Wright's unauthorized £900 billion claims regarding bitcoin IP rights, further discrediting his assertion of being Satoshi Nakamoto.
Crypto Heists Hit Record $2.2B as North Korean Hackers Dominate Digital Asset Theft
Cryptocurrency platform hacks surged 21% to $2.2 billion in 2024, with North Korea-linked groups responsible for $1.3 billion in theft. The dramatic increase in digital asset crimes coincides with Bitcoin's rally above $100,000, raising major security concerns as institutional adoption grows.
Crypto Market Tumbles After Fed's Quarter-Point Rate Cut
The cryptocurrency market experienced significant turbulence following the Federal Reserve's 0.25% interest rate cut, with liquidations soaring to $853 million in 24 hours. Bitcoin briefly fell below $100,000 while other major cryptocurrencies and meme coins saw sharp declines.