CryptoNews

Ethereum Inflation Rises as Onchain Activity Declines; $35.31M Added in 17 Days – Altcoins Bitcoin News

October 12, 2023
Ethereum’s shift from a deflationary to an inflationary model has witnessed a 0.178% uptick in the last 17 days. During this period, the network added 22,502 ether, valued at $35.31 million, to its total supply. Ethereum’s Growing Inflation Fueled by Onchain Downturn Previously, Ethereum maintained a deflationary stance, primarily due to the London hard fork’s EIP-1559 and the notable shift…
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CryptoNews

Simplex Accelerates VERSE Token and Wider Cryptocurrency Adoption – Sponsored Bitcoin News

October 11, 2023
Since 2016, Simplex’s bond with Bitcoin.com has continued strengthening, aimed at streamlining access to cryptocurrencies and increasing adoption globally. As part of Nuvei, a NASDAQ listed company with over 20 years in payments, Simplex combines convenience, reliability and security for Bitcoin.com’s global userbase. What makes this long-term collaboration unique and how do users benefit…
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Cybercriminals Use Dexs and Crypto Cross-Chain Services to Launder $7 Billion — Elliptic – Security Bitcoin News

October 11, 2023
According to the findings of a research study by Elliptic, cybercriminals are believed to have used crypto cross-chain bridges and coin swap services to launder $7 billion worth of “illicit or high-risk funds.” The Lazarus Group, a cybercriminal organization said to be backed by North Korea, is “responsible for $900 million of cross-chain crime.” Bad Actors Exploiting Dexs and Cross-Chain…
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CryptoNews

Ethereum Foundation Trades 1,700 ETH for $2.76 Million in USDC – Bitcoin News

October 10, 2023
Blockchain sleuths spotted the Ethereum Foundation trading 1,700 ETH for a hefty $2.76 million in USDC stablecoins. This comes hot on the heels of Ethereum’s co-founder, Vitalik Buterin, transferring a cool $3.79 million in ether within a mere ten days. Ethereum Foundation Parts With Ethereum in $2.76 Million Stablecoin Deal Through the decentralized platform, Uniswap, the Ethereum Foundation…
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