Category: Suffers
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Bybit suffers £1.1bn crypto heist in largest alleged theft on record
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Bybit, a Dubai -based cryptocurrency, revealed that the infiltrators stole 1.5 billion dollars (1.1 billion pounds) of digital assets in what may occupy the largest ranking theft in history. The breach, which targeted the ETHEREUM portfolio of the platform, has sparked new warnings of the security gaps in the market,…
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Thai Government Suffers Setback in Bid to Sway Central Bank
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Breadcrumb links BMN Business The Thai government’s campaign to pressure the Bank of Thailand to cut interest rates has suffered a major setback, with the State Council Office effectively ruling that the official nominee for bank president, former Finance Minister Kitirat Na Ranong, is unsuitable. Article writer: Bloomberg News Pathum…
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BlackRock Bitcoin ETF Suffers Record-Breaking Outflow
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One of the major players in the cryptocurrency market has found itself on an unusual side of history after experiencing its largest outflows in months. Leading asset manager BlackRock has ended the series of inflows for its Bitcoin exchange-traded fund after recording outflows of $72.7 million on December 20. Biggest…
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Bitcoin Price Suffers From Significant Coinbase Selling Activity – Largest Since October 26th
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Bitcoin faced a major correction, falling 15% from its all-time high of $108,300. This drop in prices represents a sharp shift in market sentiment, which quickly shifted from very bullish expectations to expectations of uncertainty and caution. With altcoins suffering heavy losses, Bitcoin’s correction has raised concerns about the sustainability…
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Raphael Tuju suffers blow as Supreme Court paves the way for hotel auction
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Former Cabinet Minister Raphael Tuju has been dealt a blow after the High Court paved the way for a regional lender to auction off its prime Karen properties, over a Sh4.5 billion debt arising from a failed loan deal. A five-judge panel of the High Court recused themselves from the…
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Quorn parent company suffers £63m loss as demand for plant-based products falls
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Marlowe Foods, the parent company of plant-based brand Quorn, has announced a loss of £63m as demand for meat alternatives continues to decline. Sales fell by 6.9% to £205 million in the last financial year, prompting the company to cut nearly 100 jobs as part of a restructuring programme. Quorn…
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DeltaPrime DeFi Protocol Suffers Devastating $5.9 Million Breach
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Image: coinmarketcap In a recent incident that shocked the crypto community, the DeltaPrime DeFi protocol fell victim to a devastating breach, resulting in the loss of over $5.9 million in various tokens. This attack, which occurred on the Arbitrum blockchain, exposed the vulnerabilities that even prominent DeFi platforms can face,…
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DeltaPrime DeFi Protocol Suffers Devastating $5.9 Million Breach
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Image: coinmarketcap In a recent incident that shocked the crypto community, the DeltaPrime DeFi protocol fell victim to a devastating breach, resulting in the loss of over $5.9 million in various tokens. This attack, which occurred on the Arbitrum blockchain, exposed the vulnerabilities that even prominent DeFi platforms can face,…
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Indodax Exchange Suffers $22M Hack, Pauses Operations To Investigate Breach
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Image: milkroad.com The world of cryptocurrencies has become a thing again. Shake Due to a major security breach, this time affecting Indonesian cryptocurrency exchange Indodax. In a shocking turn of events, the platform was forced to temporarily halt operations after falling victim to a suspected $22 million hack. As details…
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Indodax Exchange Suffers $22M Hack, Pauses Operations To Investigate Breach
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Image: milkroad.com The world of cryptocurrencies has become a thing again. Shake Due to a major security breach, this time affecting Indonesian cryptocurrency exchange Indodax. In a shocking turn of events, the platform was forced to temporarily halt operations after falling victim to a suspected $22 million hack. As details…
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Cardano Suffers 90% Plunge In Market Share Since ’21
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This article is also available in Spanish. After stealing the cryptocurrency spotlight in September 2021, Cardano’s value has dropped by around 90%. Its native token, ADA, has lost its place among the top 10 cryptocurrencies as a result of massive losses in market cap. Related Reading: RENDER Stock Shrinks Into…
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Nvidia suffers record $279 billion loss in market value as Wall St drops By Reuters
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By Noel Randwick and Susan McGee (Reuters) – Shares of artificial intelligence giant Nvidia Corp (NASDAQ:NVD) plunged 9.5 percent on Tuesday, the deepest one-day drop ever in the market value of a U.S. company, as investors tempered their optimism about artificial intelligence in a broad market sell-off following tepid economic…
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Pakistan suffers snail-speed internet with some accusing government of setting up national firewall
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Breadcrumbs Path Links BMW PMN Business Article author: Associated Press Babar Duggar Published on August 19, 2024 • Read for 2 minutes You can save this article by registering for free here. Or log in if you have an account. Article Content LAHORE, Pakistan (AP) — People in Pakistan have…
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Ethereum Suffers 3rd Straight Weekly Outflows
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The digital asset market is witnessing a wave of investor caution, with Ethereum leading the charge. CoinShares reports a third straight week of outflows, with Ethereum taking the biggest hit. This negative sentiment in the leading altcoin, coupled with sluggish trading volumes and regional outflows across the market, paints a…
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LayerZero price suffers a harsh reversal as traders bet on a rebound
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LayerZero price suffered a sharp reversal on Friday, erasing all the gains made on Thursday after the airdrop. LayerZero fell to $3, down from this week’s high of $4.57. As it declined, the coin’s market cap fell below $1 billion at $745 million. LayerZero price chart LayerZero price we expected,…
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Largest Ethena (ENA) Staker Sells $14.1M in Tokens, Suffers $13M Loss
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ENA – the native token of Athena – has faced significant selling pressure in recent weeks. After a long period of falling prices, ENA fell to $0.73, marking its weakest price level since May 20. This in turn has led to huge losses for ENA participants. Loconchine open The largest…
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Largest Ethena (ENA) Staker Sells $14.1M in Tokens, Suffers $13M Loss
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ENA – the native token of Athena – has faced significant selling pressure in recent weeks. After a long period of falling prices, ENA fell to $0.73, marking its weakest price level since May 20. This in turn has led to huge losses for ENA participants. Loconchine open The largest…
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Largest Ethena (ENA) Staker Sells $14.1M in Tokens, Suffers $13M Loss
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ENA – the native token of Athena – has faced significant selling pressure in recent weeks. After a long period of falling prices, ENA fell to $0.73, marking its weakest price level since May 20. This in turn has led to huge losses for ENA participants. Loconchine open The largest…
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Surrey Village Pub Suffers Amid Water Contamination Crisis
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A pub owner in Bramley, a village near Guildford in Surrey, claims his business is suffering due to a water contamination problem that has led to a ‘do not drink’ notice being issued. Hundreds of residents have been warned not to use their tap water after concerns linked to a…
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Crypto Industry Suffers $385 Million Loss To Hackers
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In May, the cryptocurrency community suffered massive losses to hackers, resulting in the highest loss toll recorded in 2024 so far.. according to a report From blockchain security firm Peckshield, hackers were able to steal $385 million in May, highlighting the sophistication of these bad actors and the ongoing need…