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News Bytes – 6

North Korean Hacker Group Targets South Korean Crypto Firms With New ‘Durian’ Malware

North Korean Hacker Group Targets South Korean Crypto Firms With New ‘Durian’ MalwareThe North Korean hacker organization Kimsuky has employed a new malware named “Durian” in targeted cyber attacks against at least two South Korean cryptocurrency companies, according to a report by cybersecurity firm Kaspersky. This malware variant, characterized by its multifunctional backdoor capabilities, was distributed through exploiting legitimate security software specific to South Korean crypto firms, […]

Montana Bitcoin (BTC) Reserve Bill Passes Out of Committee Stage, Heads Toward State House Floor Vote

Wells Fargo Holds Spot Bitcoin ETFs, Reveals SEC Filing of Grayscale Shares

Wells Fargo Holds Spot Bitcoin ETFs, Reveals SEC Filing of Grayscale SharesWells Fargo, a major US banking entity, is now storing a spot bitcoin ETF for its customers, as revealed in a new SEC filing, holding 2,245 shares of the Grayscale Bitcoin Trust (GBTC), which was recently converted into an ETF. Though the value of these shares stands at $121,207, a small fraction of the bank’s […]

Montana Bitcoin (BTC) Reserve Bill Passes Out of Committee Stage, Heads Toward State House Floor Vote

X Launches ‘AI Audience’ for Advertisers, Promises Precision in Targeting

X Launches ‘AI Audience’ for Advertisers, Promises Precision in TargetingThe business account for the social media platform formerly known as Twitter, now referred to as ‘X,’ announced a new artificial intelligence (AI)-enhanced feature for advertisers called “AI Audience.” This feature enables advertisers to define their target audience in brief descriptions, after which X’s AI systems will quickly generate a relevant user pool for that […]

Montana Bitcoin (BTC) Reserve Bill Passes Out of Committee Stage, Heads Toward State House Floor Vote

Eclipse Labs CEO Steps Down After Sexual Misconduct Allegations Surface

Eclipse Labs CEO Steps Down After Sexual Misconduct Allegations SurfaceEclipse Labs founder and CEO Neel Somani has decided to reduce his public role within the company temporarily amid allegations of sexual misconduct, asserting his innocence and readiness to defend his reputation on the social media platform X, formerly known as Twitter. Eclipse Labs, aiming to uphold the highest standards of professionalism and gender equality, […]

Montana Bitcoin (BTC) Reserve Bill Passes Out of Committee Stage, Heads Toward State House Floor Vote

Jack Dorsey Forecasts Bitcoin to Reach $1 Million by 2030

Jack Dorsey Forecasts Bitcoin to Reach  Million by 2030Twitter co-founder Jack Dorsey predicts that the price of Bitcoin could hit at least $1 million by 2030, suggesting its value may grow even further thereafter. In an interview, he expressed his enthusiasm not just about Bitcoin’s potential for price growth but also highlighted the unique and collaborative nature of its ecosystem, implying that efforts […]

Montana Bitcoin (BTC) Reserve Bill Passes Out of Committee Stage, Heads Toward State House Floor Vote

Pantera Capital Backs Telegram’s TON With Its Largest Investment Ever

Pantera Capital Backs Telegram’s TON With Its Largest Investment EverPantera Capital has made a significant investment in Telegram’s The Open Network (TON) blockchain, highlighting the platform’s large user base and potential for fostering cryptocurrency adoption and innovation in decentralized finance. This partnership is set to reinforce the principles of digital freedom and privacy advocated by Telegram’s founder, Pavel Durov, potentially increasing TON’s adoption and […]

Montana Bitcoin (BTC) Reserve Bill Passes Out of Committee Stage, Heads Toward State House Floor Vote

Tether Counters Deutsche Bank’s Stablecoin Warning, Defends Reserve Transparency

Tether Counters Deutsche Bank’s Stablecoin Warning, Defends Reserve TransparencyTether strongly criticized a Deutsche Bank report that raised concerns about the stability of stablecoins, including Tether’s dollar-pegged token, predicting a potential crisis similar to the 2022 collapse of Terrausd, which erased billions from the market. Deutsche Bank analysts, citing a study of 334 historical currency pegs, suggested that most stablecoins will face significant challenges […]

Montana Bitcoin (BTC) Reserve Bill Passes Out of Committee Stage, Heads Toward State House Floor Vote

Core Scientific Posts $210.7M Profit in Q1 2024, Boosted by Bitcoin Mining Surge

Core Scientific Posts 0.7M Profit in Q1 2024, Boosted by Bitcoin Mining SurgeCore Scientific announced a significant recovery in its financial performance for the first quarter of 2024, reporting a net income of $210.7 million, a stark contrast to the net loss of $0.4 million from the same period last year, driven by an increase in Bitcoin mining and hosting services. The company mined 2,825 bitcoins in […]

Montana Bitcoin (BTC) Reserve Bill Passes Out of Committee Stage, Heads Toward State House Floor Vote

Crypto Wallet Firm Exodus Faces Unexpected Setback in NYSE Uplisting Plan

X Launches ‘AI Audience’ for Advertisers, Promises Precision in TargetingExodus Movement, a crypto wallet company, announced that its planned listing on NYSE American will not proceed as scheduled due to the U.S. Securities and Exchange Commission (SEC) still reviewing its registration statement, despite the statement being declared effective at the end of April. The company, which intended to uplist from OTC trading to expand […]

Montana Bitcoin (BTC) Reserve Bill Passes Out of Committee Stage, Heads Toward State House Floor Vote

Optimism Stack Update: OP to Support Layer Three With Funding, Features, and Revenue Sharing

Optimism Stack Update: OP to Support Layer Three With Funding, Features, and Revenue SharingEthereum scaling solution provider Optimism announced plans to enhance blockchain throughput by integrating Layer three applications on top of its OP Stack, aiming to foster a Superchain network where Layer threes can build and share revenue with the Optimism Collective. The OP Stack, an open standard codebase, extends its utility beyond Layer two deployers to […]

Montana Bitcoin (BTC) Reserve Bill Passes Out of Committee Stage, Heads Toward State House Floor Vote