Adam Forsyth

WLFI breach raises eyebrows for Trump-backed crypto firm

World Liberty Financial (WLFI) , the DeFi venture closely tied to President Donald Trump and his family, disclosed that attackers accessed some user wallets through phishing and third-party security lapses before the platform officially launched. Summary WLFI says a pre-launch breach stemmed from phishing and third-party security lapses, not flaws in its own smart contracts,…

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Samourai Wallet’s William Hill receives 4-year sentence for money laundering involvement

Key Takeaways William Hill, co-founder of Samourai Wallet, was sentenced to four years in prison for his involvement in money laundering. Samourai Wallet offered Bitcoin mixing services to enhance transaction privacy, obscuring the origins of funds. Share this article William Hill, co-founder of Samourai Wallet, a Bitcoin mixing service, received a four-year prison sentence today…

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Nvidia jumps after earnings beat and helps Bitcoin reclaim $90,000

Key Takeaways Nvidia outperformed third quarter expectations and raised guidance which boosted risk sentiment across markets. Bitcoin rebounded to $90,000 following Nvidia’s earnings beat, alongside gains in major equity indexes. Share this article Nvidia delivered stronger than expected third quarter results that lifted the stock in post market trading and helped Bitcoin recover after falling…

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Centralization Blamed for Cloudfare Outage that Caused Billions of Dollars in Losses

Yesterday’s (November 18) Cloudflare outage caused billions of dollars in losses as the internet seemingly came to a standstill. The disruption affected many users trying to access  X, Truth Social, Reddit, ChatGPT, Coinbase, Ledger, BitMEX, DefiLlama, and many more. Ironically, many of the affected platforms and websites were crypto-related, a sector that promotes decentralization. However,…

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Grayscale set to launch XRP trust ETF

Key Takeaways Grayscale is preparing to launch an XRP trust ETF, allowing broader investor access to XRP via a regulated, traditional product. The Grayscale XRP Trust currently operates as a private placement for accredited investors, tracking XRP’s price through a reference rate. Share this article Grayscale has hinted that it will soon launch its XRP…

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