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Financial technology company EquiLend, a cornerstone in the securities finance industry, is grappling with a cyberattack that has forced several of its systems offline. The aftermath of this breach, discovered on January 22, suggests a significant disruption, with the company warning that the recovery process “may take several days.” EquiLend, established in 2000 by leading…
Cryptocurrency hacking has been a persistent menace, with billions of dollars stolen from crypto platforms over the years. However, recent data suggests a positive turn of events in 2023, as funds stolen from crypto platforms experienced a significant drop of over 50%, falling from $3.7 billion in 2022 to $1.7 billion in 2023. Despite this…
Navigating the Volatile Waters: A Closer Look at Chainlink’s Price Trends The cryptocurrency market has witnessed a subtle shift in dynamics, with bears reasserting their influence by pushing Bitcoin below the $40,000 mark. This move has triggered concerns about the overall health of the market, prompting investors to scrutinize individual altcoins. One such cryptocurrency facing…
In a surprising turn of events, FTX’s bankruptcy estate recently executed a substantial sell-off, unloading approximately $1 billion worth of Grayscale’s Bitcoin ETF. This significant move has sent shockwaves throughout the cryptocurrency market, further contributing to the ongoing volatility triggered by the recent approval of multiple Bitcoin ETFs. FTX’s Significant Role in the Market Shift…