The Block
Quick Take North Korean hackers are using “complex and elaborate” social engineering strategies on web3 employees to steal company crypto. Such tactics can be hard to spot and dupe even individuals with high technical knowledge. To avoid such threats, the FBI recommends firms eschew storing crypto wallet information on internet-connected devices and create safe systems to verify company individuals.
Quick Take October has typically been a strong month for bitcoin — averaging nearly 30% gains during the month in eight of the last nine years — according to QCP Capital analysts. In light of this, the analysts suggest that the historical trend offers a strategic opportunity for near-term accumulation with the potential for profit-taking in October.
Bitcoin miner Bitfarms reported mining 233 BTC in August and increased its holdings to 1,103 BTC.Meanwhile, rival Riot penned an open letter to Bitfarms’ shareholders as its attempted takeover of the firm heads toward a crucial special meeting.
Quick Take Hypernative has raised $16 million in Series A funding from Quantstamp, CMT Digital and others. The round was structured as equity and brought Hypernative’s total funding to $27 million, co-founder and CEO Gal Sagie told The Block.
Quick Take FLock awarded grant to fund research into incentive mechanisms for blockchain-based machine learning solutions
Quick Take NEBRA is launching its universal proof aggregator tool on digital identity giant World Chain. The integration will slash costs for running computationally heavy proofs on World Chain, which uses ZK tech for its identity solution.
Quick Take Florida’s Chief Financial Officer Jimmy Patronis said the state holds about $800 million in “crypto-related” investments. Earlier this week, Patronis said in a letter that Florida should direct “a portion of state retirement system monies into cryptocurrency.”
Quick Take Bitcoin turned 16 years old on Thursday. Former President Donald Trump criticized fellow presidential candidate Kamala Harris for her “war on crypto.”
Quick Take Benchmark analyst Mark Palmer credits MicroStrategy’s premium stock valuation — currently 2.7x its net asset value — to its unique compounding strategy. MicroStrategy now aims to accumulate a total of 412,220 bitcoins by the end of 2025.
Quick Take Top stablecoin provider Tether said it generated $2.5 billion in profit during the third quarter, according to its latest attestation report. Through the first nine months of the year, Tether also said it has registered $7.7 billion in profit.
