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Hyundai Group evacuated employees from two major offices in Seoul today after receiving a bomb threat email demanding payment in bitcoin, police said.
Authorities later confirmed the threat was a hoax, but the incident added to growing concern over a recent wave of extortion, crypto and non-crypto related, threats targeting South Korea’s largest companies.
According to local reports, a 112 emergency call was received at about 11:42 a.m. The caller relayed the contents of an email sent to Hyundai. The message said an explosive device would be detonated at Hyundai Group’s building in Yeonji-dong, Jongno-gu, at 11:30 a.m.
It added that a second bomb would be taken to Yangjae-dong,…
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The bitcoin price could climb to $143,000 next year as continued adoption through exchange-traded funds and a more accommodating U.S. regulatory backdrop draw new capital into the market, according to a new forecast from Citi.
Analysts at the Wall Street bank set $143,000 as their base-case target for the bitcoin price over the next 12 months. They outlined a bullish scenario that places the price above $189,000, while their bearish case sees the bitcoin price falling to around $78,500 if macroeconomic conditions deteriorate, according to MarketWatch reporting.
The bitcoin price was trading near $88,000 on Friday, down roughly 30% from its late-October peak. The pullback…
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This is a segment from the 0xResearch newsletter. To read full editions, subscribe.
This Wednesday, BTC outpaced stocks as launchpads rose. More importantly, this week’s update highlights a clear structural shift in how crypto markets are being distributed.
We also take a look at M&A and fundraising over the past year, and note the drastic growth of mergers and acquisitions activity in crypto. Together, these trends point to a market where infrastructure, not listings, is becoming the primary driver of scale and access.
Indices
Markets leaned modestly risk-on over the last session, with crypto and growth assets leading while defensives lagged. BTC outperformed on the…
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The U.S. Securities and Exchange Commission has charged Danh C. Vo, founder and CEO of bitcoin mining company VBit Technologies Corp., with defrauding investors out of $48.5 million.
According to the SEC, Vo misused the funds for gambling, cryptocurrency purchases, and gifts to family members, while misleading investors about the operations of his business.
The complaint, filed in the U.S. District Court for the District of Delaware, alleges Vo raised over $95.6 million from approximately 6,400 investors between December 2018 and February 2022.
He sold “hosting agreements,” which promised investors a share of profits from bitcoin mining rigs operated by VBit. Most…
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