πŸ¦ŽπŸš€ Another day another hack 🀷

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    πŸ¦ŽπŸš€ Another day another hack 🀷

    Don't miss out on the juiciest news in the crypto space! Stay in the loop to ensure that you receive our latest newsletters, right in your inbox!

    Are you hodling strong, Geckos?

     

    Bitmart has lost $196 million in various cryptocurrencies in the latest centralized exchange (CEX) breach, which may be the most devastating hack to date.


    Peckshield, a security analysis firm, first tweeted about the alleged breach on Saturday night.


    The hacker has systematically used a decentralized exchange (DEX) aggregator 1inch (1INCH) to exchange stolen money for Ethereum (ETH), then Tornado Cash (TORN), making the stolen funds more difficult to track.


    In today's news, El Salvador has purchased 150 additional Bitcoins, Bitget exchange lost license in Singapore, and FTX seeks $1.5B in new funding round at $32B valuation.


    Read on!

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    Bukele Snaps Up Extra BTC

     

    The Republic of El Salvador has purchased 150 Bitcoin (BTC) amid the worst bear market since Bitcoin reached an all-time high of about $68,000 in the first week of November.


    El Salvador's Bitcoin reserve has increased to 1,270 BTC, which is worth about $60.3 million at the time of writing.


    While Bukele's government was able to complete the buy at $48,670 per coin, the bear market subsequently drove the Bitcoin price down to over $42,000, plunging more than 37% from it's all-time high.


    Cointelegraph

    Who Takes Care Of You Now?

     

    The Bitget exchange in Singapore has lost its license following a legal issue with the K-Pop boy band BTS agency.


    The problem started on October 25, when the Bitget exchange shared a tweet promoting Army Coin, which is named after the fans of the South Korean boyband.


    It allegedly used misleading information such as "This coin exists for the benefit of BTS" and "ARMY coin aims to take care of BTS members for life."


    Cointelegraph

    SBF Wants More For FTX

     

    FTX CEO Sam Bankman-Fried intends to raise $1.5 billion for the worldwide bitcoin derivatives exchange and its US branch FTX.US, according to unnamed sources.


    The fundraising round might value FTX at $32 billion for and FTX.US at $8 billion.


    However, FTX did not respond promptly to a CoinDesk request for comment.


    CoinDesk

    Bybit Next Level: Win From a $225K Bonus Giveaway


    2021 has been a year of expansion for crypto, with Bitcoin hitting yet another ATH of $68,000 in November. So what's next for Bybit?


    Hear Bybit's CEO, Ben Zhou's review on Bybit's key moments and latest products β€” from the dynamic yield-earning DeFi series to the massive Launchpad and Launchpool project reveals.


    Bybit is bringing you to the next level in 2022, starting with a $225,000 bonus giveaway. Only when you join the Dec. 9, 2021 livestream!


    *T&Cs apply.

    Permissioned Blockchain

      

    It is a private blockchain where the nodes must be previously authorized by a central entity. The transactions included in the general ledger, a limited consensus test was carried out and carried out by trusted participants, being easier to maintain and faster than free access networks.

      

    Learn about other Crypto terms here

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