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Shiba Inu (SHIB) has faced a substantial price correction over the last few weeks. The asset is down 7.3% in the daily charts, 10.7% in the weekly charts, 14.9% in the 14-day charts, and 30.8% over the previous month. Despite the recent losses, SHIB’s price has rallied by 44.4% since February 2024. Source: CoinGecko Also Read: XRP Price Struggles Below $2.2—What’s Next for the Week Ahead? Tariffs And Hacks Cause Crypto Mayhem Source: Watcher Guru The latest market dip comes after the US reimposed tariffs on Canada and Mexico. The US paused its tariffs on Canada and Mexico for 30 days. Shiba Inu (SHIB) and the larger crypto market made slight recoveries after the tariff pause. The crypto market faced another correction last week after the Bybit hack. Illicit players robbed the exchange of nearly $14 billion worth of assets. SHIB and other crypto coins took a massive hit after the attack. Also Read: Top 3 Cryptocurrencies To Buy During The Latest Market Crash When Will Shiba Inu Rec...

Poloniex says it will start resuming deposits on Nov. 30 with TRX, the cryptocurrency of Justin Sun’s Tron blockchain. Cryptocurrency exchange Poloniex is preparing to resume withdrawals and deposits after suffering a $100-million hack on Nov. 10. Poloniex took to X (formerly Twitter) on Nov. 29 to announce that it will be gradually resuming deposit and withdrawal services on Nov. 30 at 2:00 am UTC. The crypto exchange stressed that it will implement a phased resumption of the services to “prioritize the safety” of user funds. Poloniex will specifically start restoring Tron (TRX) deposits and withdrawals first, followed by Bitcoin (BTC), Ether (ETH), Tether (USDT) and other cryptocurrencies “within the next two weeks,” the announcement said. In addition to restoring withdrawals , Poloniex said it is actively working on introducing new listings, which will be available in the near future. The exchange also requested that all users utilize the newly updated deposit addresses once the...

CertiK co-founder Ronghui Gu told Cointelegraph that it’s “inexcusable” the industry faces continued SIM-swap and multisig failures, as previous incidents already highlighted the issues. As companies continue to fall for hacks and exploits, professionals working in the cybersecurity space chipped in on what can be improved in terms of crypto security for digital asset companies and the broader crypto industry.  Before September, almost $1 billion had already been lost to crypto hacks, exploits and scams in 2023. Yet, more incidents continue to shake the crypto world in the fourth quarter of 2023, such as the Poloniex exploit, with over $100 million in digital asset losses, and the HECO Chain bridge hack, with over $80 million in losses. .@Poloniex is suspected to have been hacked. The Poloniex address '0xA910' transferred all tokens to a new address '0x0A59' in 40 minutes, with a total value of about $60 million. '0x0A59' is currently transferring funds to more...

EU securities regulators have their eyes on DeFi, and the top 100 DeFi tokens had mixed price action over the past week, with most trading in a tight range. Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week. In this week’s newsletter, European securities regulator s have published a report on the DeFi ecosystem that lists the risks it poses to the European Union’s financial system — but also highlights the benefits of DeFi. Uniswap has launched Android wallet beta on Google Play, with the app gaining popularity among desktop and Apple iOS users. DeFi platform Star Arena recovered 90% of stolen Avalance (AVAX) tokens after offering a $250,000 bounty, and Platypus Finance fell victim to another flash loan attack. The top 100 DeFi tokens had a mixed week in terms of price action, with most of the tokens trading in the same range or slightly higher tha...

AC Milan partners with Solana blockchain-based football game MonkeyLeague, while Pixelmon attempts a comeback after poor reception to its NFT collection in February. American retail giant Walmart has taken its first steps into the Metaverse with the launch of Walmart Land and Walmart's Universe of Play on Roblox. According to the company's Monday announcement, Walmart Land focuses on "immersive experiences" with key Features including a physics-defying Ferris wheel, unlockable tokens and badges, an interactive piano walkway and a D.J. booth for users. See Walmart like never before Walmart Land is our new world on #ROBLOX with fun & games for all. From film to fashion — whatever you’re into, let’s have some fun with it. Come for the inspo, stay for the verch & live performances. Let’s go! https://t.co/leZ4CITCjN pic.twitter.com/4r26MHHk5i — Walmart (@Walmart) September 26, 2022 Products from Lottie London, Bubble, UOMA by Sharon C and other brands will als...

Swiss bank Credit Suisse has partnered with the Swiss Football Association to release NFTs in support of women’s soccer in the country. In this week’s newsletter, read about how stolen nonfungible tokens (NFTs) are sold within three hours after being pinched, and check out AzukiDAO’s plans to take back $39 million worth of Ether (ETH) from the founder of the Azuki NFT collection. In other news, investors in Logan Paul’s NFT gaming project CryptoZoo are still waiting for promised refunds from the YouTuber, and don’t forget this week’s Nifty News, featuring blue-chip NFT collections dropping in prices and Swiss bank Credit Suisse releasing NFTs to support women’s soccer.  Half of stolen NFTs are sold within 3 hours: PeckShield A report published by security company PeckShield highlighted that half of all stolen NFTs are sold within 160 minutes on platforms like OpenSea and Blur. According to the security firm, 86% of the stolen NFTs they flagged were sold on Blur, while around 13% w...

PeckShield reports that $2.27 million worth of NFTs were stolen in June, recording the lowest figure for stolen NFTs in 2023. A new report from blockchain security firm PeckShield found that half of stolen nonfungible tokens (NFTs) get sold within 160 minutes on various NFT marketplaces like Blur and OpenSea.  On July 3, PeckShield highlighted several data points on NFTs including the value stolen in June, how long it takes for stolen NFTs to be sold, and which NFT marketplaces are used to sell the stolen assets. According to the security company, $2.27 million in NFTs were stolen in June 2023. This marks the lowest amount of stolen NFTs in 2023. Furthermore, the data shows an 85% decrease compared to February when the value of stolen NFTs reached a high of $16.2 million. Value of stolen NFT assets in 2023. Source: PeckShield Apart from the amount lost in NFTs, the blockchain security firm also found that half of the stolen NFTs that they flagged are sold within 3 hours , sugg...

YouTube’s swift intervention ensured damage control by preventing XRP hackers from interacting with the channel’s subscribers. Prominent YouTuber DidYouKnowGaming was able to regain access to his YouTube channel, which an anonymous bad actor hacked to promote XRP (XRP) cryptocurrency scams. While hacking into YouTube channel s to promote scams has been a long-standing method of targeting unwary investors, the number of creators on the platform reporting Hacks has increased. Most recently, DidYouKnowGaming — a YouTuber with 2.4 million subscribers — warned his Twitter followers about a hack. so sorry you're having to deal with this! first, we'll need to get some quick info from you & then we'll connect you w/ a specialist team who helps restore account access. follow us & we'll be able to DM you the info you need! — TeamYouTube (@TeamYouTube) April 28, 2023 After gaining access to the account, the hacker changed the YouTuber’s profile and cover images ...

The security flaw would allow the mint of an unlimited amount of arbitrary tokens. The issue was privately disclosed to the BNB team. Web3 infrastructure firm Jump Crypto has discovered a vulnerability in the Binance BNB Beacon Chain, which would allow the mint of an unlimited amount of arbitrary tokens. The issue was privately disclosed to the BNB team, enabling a patch to be developed and deployed within 24 hours. In a blog post from Feb. 10, Jump Crypto disclosed a detailed report about the vulnerability found two days earlier, which could "have led to a large loss of funds." As per the report, the BNB Chain is composed of two blockchains - the EVM compatible Smart Chain (BSC), which is based on a fork of go-ethereum and the Beacon Chain, built on top of Tendermint and Cosmos SDK. However, the Beacon Chain uses a BNB fork hosted on GitHub with several BNB-specific changes. "It deviates from the Cosmos SDK upstream in several ways, motivating us to take extra care in ...

The crypto detectives traced funds stolen by North Korean Lazarus Group through two mixers and various networks to identify 350 addresses where the funds remain today. Crypto tracking platform MistTrack has followed funds taken in the Harmony bridge hack and made 350 addresses associated with the attack public. North Korea’s state-sponsored Lazarus Group is thought to be behind the hack. According to a Twitter thread posted on Jan. 23, the funds were transferred through various exchanges in an effort to elude trackers.  Funds in a number of tokens worth about $100 million were stolen from the Harmony bridge on June 23, 2022, then quickly swapped for Bitcoin (BTC), according to MistTrack, and returned to the wallet they had originally been transferred to. The bridge facilitates transfer between Harmony and the Ethereum network, Binance Chain and Bitcoin. Harmony offered $1 million for the return of the funds , but the offer was not accepted. Rather, the hackers, who were later identi...