BlockPress

BlockPress

Crypto victim loses $908K in sophisticated phishing attack

A significant cryptocurrency phishing scam resulted in a victim’s loss of $908,551, highlighting the persistent threat of sophisticated attacks in the digital asset space. The incident underscores the delayed impact of malicious transactions and the potential for attackers to lie…

Creative leverage solves the impermanent loss problem — Curve founder

Impermanent loss (IL) is a significant hurdle for cryptocurrency holders considering providing liquidity on decentralized finance (DeFi) platforms. Understanding this risk is crucial before participating in liquidity pools. Essentially, impermanent loss represents the difference between holding assets individually versus providing…

China’s crypto liquidation plans reveal its grand strategy

China’s recent actions regarding confiscated cryptocurrency reveal a strategic objective extending beyond mere policy implementation. The plan to liquidate seized digital assets through Hong Kong exchanges signifies a broader ambition: to exert significant control over global digital asset markets and…

Quantum threat to Bitcoin? 80,000 BTC just moved after 14 years

A significant movement of Bitcoin, potentially involving a whale-sized holder, has sent ripples through the cryptocurrency community. The transfer, estimated at 80,000 BTC, originated from multiple dormant wallets, sparking speculation and heightened scrutiny of the transaction’s implications. The unusual activity…