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XRP Investor Says $3M in XRP Was Stolen; Cold Wallet Maker Says Seed Import Made Wallet Hot

Brandon LaRoque, a long-time XRP investor, reported a loss of over $3 million in XRP after checking his balance on the Ellipal mobile app on October 15. The theft, which occurred on October 12, involved two test transactions followed by a significant withdrawal of approximately 1.21 million XRP to a newly created wallet. He had been using Ellipal to store his investments, which were nearly all of his retirement savings planned for a new home in Las Vegas. Ellipal explained that entering a hardware wallet’s seed phrase into their app converts the wallet from cold to hot, thus compromising its security. LaRoque's issue was exacerbated by confusion regarding the app’s indicators, which displayed contradictory information about the wallet status on his devices. Despite reporting the incident to authorities, LaRoque acknowledged the slim chances of recovering his funds due to their transfer through various platforms and local exchanges. He shared his experience to warn others against similar mistakes in cryptocurrency management.

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China’s rare earth export controls to accelerate dollar collapse: Analyst

Analyst Luke Gromen argues that the recent announcement by China to impose export controls on rare earth minerals marks a significant shift in the global monetary order, potentially heralding the decline of the US dollar’s hegemony. According to Gromen, these critical minerals are essential for electronics manufacturing and military

Bitcoin mining just got easier — but not for long, as hashrate roars back

Bitcoin's network hashrate reached an all-time high of over 1.2 trillion hashes per second, despite a decrease in mining difficulty. The mining difficulty fell to 146.7 trillion, down approximately 2.7% from the previous peak of over 150.8 trillion. This change occurred leading up to

Polymarket Airdrop Farmers Have Become 'More Sophisticated' as Token Launch Looms

Users on Polymarket are adapting their strategies for farming an anticipated token airdrop as trading techniques have evolved. In contrast to last year's blatant wash trading, which clogged the activity feed and was easily identifiable, farmers have become more sophisticated in their approaches. Instead of conspicuous large trades,

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