Author: Andrei Ionescu
According to Santiment data, the term “Bitcoin” is being used more positively on social media now than at any time in the past 16 months. Santiment highlighted this shift in sentiment, noting in a July 27 post on X (formerly Twitter), “Bitcoin’s +20% 3-week price rally has left traders feeling a whole lot more bullish than they were at the beginning of the month.” At the time of publication, Bitcoin was trading at $67,950, up 6.22% since July 25, according to CoinMarketCap data. The company’s weighted sentiment index, which measures Bitcoin mentions on social media and compares the ratio of…
Patrick O’Grady, Vice President of Engineering at Ava Labs, the blockchain developer behind Avalanche, has announced his departure from the company to start his own venture. O’Grady shared the news on X (formerly Twitter), revealing his plans to embark on a new entrepreneurial journey. During his tenure at Ava Labs, O’Grady played a significant role in developing the Vryx scaling solution, which aims to enable the Avalanche blockchain to handle 100,000 transactions per second. This ambitious goal aligns with the targets of other modern blockchains like Monad, MegaETH, and TON. In his announcement, O’Grady mentioned that he would remain connected…
Sygnum, a global Swiss crypto banking group managing around $4.5 billion in client assets, has reported profitability following a robust first half of the year, marked by significant growth across key metrics. In a recent news release, Sygnum announced that compared to the same period last year, it experienced a twofold increase in crypto spot trading volumes, a 500% expansion in crypto derivatives trading, and a 360% surge in lending volumes. While specific profit figures for the first half were not disclosed, these metrics underscore the bank’s successful performance. The bank also highlighted substantial growth in its Staking-as-a-Service, with the…
The U.S. State Department has announced a reward of up to $10 million for information leading to the location or identity of Rim Jong Hyok, a North Korean hacker indicted by the U.S. Department of Justice. Rim Jong Hyok and his accomplices have been accused of participating in ransomware attacks against U.S. hospitals and medical providers. They developed and used a custom ransomware called “Maui” to attack and encrypt the computer networks of multiple U.S. hospitals and medical institutions. The victims were then extorted to pay a ransom to unlock the data. The hackers laundered the virtual currency proceeds from…