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Kraken Restricts Accounts After Suspected $133M Crypto Theft

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TL;DR Kraken restricted accounts linked to a suspected $133M crypto theft, while analysts said it had blocked associated funds from moving through its platform. The suspected theft involves an unidentified EU entity  The suspected losses reportedly reached more than $106 million.  Suspected $133M Crypto Theft Triggers Exchange Response A suspected cryptocurrency theft involving an unidentified […]
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NEAR Price Drops 7% as Token Issuance Cut Proposal Passes

admin 10 Views
TL;DR NEAR price drops approximately 7% on November 3, trading near $3.82 despite approval of a proposal to reduce annual token issuance. The HSP-029 proposal aims to lower the maximum issuance rate from 2.5% to 1.6% over 24 months. The planned changes could prevent 11.8 million NEAR tokens from entering circulation over two years. The […]
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Bitcoin Faces Fifth Weekly Loss as US Midterms Weigh In

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TL;DR Bitcoin faces more losses as it heads toward a potential fifth consecutive weekly decline, extending its slide from around $87,000 to near $76,500. Uncertainty surrounding the US midterm elections is keeping investors cautious about risk-sensitive assets, including cryptocurrencies. Apple’s warning about rising memory chip costs and pressure on profit margins has added to concerns […]