ChainFabricNews

image source: CNN In a shocking revelation, reports indicate that North Korean hackers have stolen an estimated $659 million in cryptocurrency through a series of sophisticated cyberattacks in 2024. One of the biggest victims of these heists was Japan’s DMM Bitcoin exchange, which suffered a massive loss of approximately $308 million. These incidents highlight the increasing cybersecurity threats posed by state-sponsored hacking groups, particularly the notorious Lazarus Group, which has been linked to multiple crypto-related crimes in recent years. The Attack on DMM Bitcoin DMM Bitcoin, a well-established cryptocurrency exchange in Japan, fell victim to a large-scale security breach that resulted in significant losses. The attack, which occurred in late 2024, was reportedly carried out by North Korean hackers who used advanced phishing and social engineering tactics to infiltrate the exchange’s security systems. Following the breach, DMM Bitcoin temporarily halted its operations, spar...

image source: Medium  India has once again topped the charts in cryptocurrency adoption, maintaining its leadership position for the second consecutive year. Despite regulatory uncertainties and high taxes, Indian investors remain deeply engaged with digital assets, making the country one of the most active crypto markets in the world. India’s Growing Crypto Adoption: A Remarkable Achievement A recent report by blockchain analytics firm Chainalysis highlights that India is leading the world in cryptocurrency adoption. The study evaluated crypto activity across multiple countries and found that Indian investors are among the most active users of both centralized exchanges and decentralized finance (DeFi) platforms. From June 2023 to July 2024, Indian traders contributed significantly to global crypto transaction volumes. Beyond simple buying and selling, many are also using DeFi applications for staking, lending, and yield farming, showcasing a deeper understanding and engagement wi...

image source:Instagram  China’s strict stance on cryptocurrency trading and mining hasn’t stopped investors from engaging in digital asset transactions. Even after the government’s 2021 crackdown on crypto-related activities, underground trading has continued to grow. Reports indicate that over-the-counter (OTC) brokers have handled an estimated $75.4 billion in transactions in just the past nine months. This trend highlights how cryptocurrency remains in demand despite strict regulations. Why Underground Crypto Trading is Booming After China banned cryptocurrency trading and mining, investors sought alternative ways to stay involved in the market. OTC brokers have become a popular choice, allowing traders to convert yuan into digital assets without using centralized exchanges. These brokers operate discreetly, helping investors bypass regulations and continue participating in the crypto economy. One of the main reasons for this surge is China’s economic climate. Traditionally, Chi...

image source: the economic times  Bitcoin has done it again! The world’s most well-known cryptocurrency has crossed the incredible $100,000 milestone, setting a new all-time high. This historic moment has sent shockwaves through the financial world, leaving investors and enthusiasts buzzing with excitement. But what’s driving this massive surge in Bitcoin’s price, and what does it mean for everyday investors and the broader crypto landscape? Why Is Bitcoin Soaring? Several key factors are fueling Bitcoin’s rapid climb, making it one of the most talked-about financial stories of the year. 1. More Big Investors Are Jumping In A major reason for Bitcoin’s price boost is the growing interest from big-money investors. Institutions like hedge funds, asset managers, and even government-backed funds are now adding Bitcoin to their portfolios. The approval of Bitcoin exchange-traded funds (ETFs), particularly in the U.S., has made it much easier for regular and institutional investors to bu...