Ethereum News by Thebittimes.Com

A significant portion of the stolen funds has been transferred into the fully automatic cryptocurrency exchange FixedFloat. A cryptocurrency whale has fallen victim to a massive phishing attack , losing millions of dollars in staked Ethereum on the liquid staking provider Rocket Pool. A large cryptocurrency investor lost the entire address balance of Lido Staked ETH (stETH) and Rocket Pool ETH (rETH) due to a phishing attack , the cryptocurrency security firm PeckShield reported. The hack was completed in just two transactions, as one had 9,579 stETH stolen and the other involved 4,851 rETH. At the time of the attack , which occurred on Sept. 6, the stolen amounts were worth $15.5 million in stETH and $8.5 million in rETH, a staggering $24 million combined. The phisher transactions in the $24 million phishing hack. Source: X According to PeckShield data, the phisher subsequently swapped the stolen assets for 13,785 Ether (ETH) and 1.64 million Dai (DAI) tokens. A significant porti...

A Bitfinex Alpha report reveals a steady accumulation of bitcoin by long-term investors, reflecting a strong demand while creating a complex market environment. Peter Schiff’s recent criticism and BTC price analysis adds to the ongoing speculation. Bitcoin hodlers hold strong  Bitfinex Alpha’s latest report sheds light on the ongoing accumulation of bitcoin by long-term investors, indicating strong demand. The report examines the state of bitcoin volatility , investor accumulation, and the potential implications for the market. The researchers have highlighted that long-term bitcoin investors (hodlers) are still accumulating the flagship cryptocurrency at a rate of approximately 42,200 BTC per month,  They also say the accumulation trend has been on for over two years, with data suggesting the possibility of another six to 12 months of accumulation in view. The report hints that a potential increase in volatility may be on the horizon due to next year’s bitco...

The crypto-verse has witnessed immense volatility throughout the year. With a bearish regime in the market, the industry saw the departure of many as opposed to the arrival. However, certain whales remained loyal as they pocketed increased amounts of crypto. XRP, Litecoin [LTC], and Compound [COMP] in particular recorded an increase in whale address balances throughout the year. As mentioned earlier, Compound [COMP], an asset that had been laying low since its launch was making noise once again. Over the last three months, whale addresses holding 10K to 1 million COMP boosted their holdings. Santiment, an on-chain analytics platform revealed that these addresses went from holding 61 percent of the available supply to 74 percent. Litecoin has been making headlines for its recent whale movements. Throughout the last couple of weeks, dormant whale addresses witnessed prominent activity . As the asset resides over $76, whale s increased their holdings. Nearly five weeks ago, these ...