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Liquid Network restores full Bitcoin backing after September hack
The Liquid Network announced on November 3 that its Bitcoin reserves are fully restored, reestablishing a 1:1 peg for LBTC tokens.
- The attack exploited a vulnerability in the Elements software that underlies Liquid.
- Users have regained access to BTC‑LBTC swaps via participating providers.
US spot Bitcoin funds record large outflows at start of November
Estimated theft from European union entity reaches over 133 million dollars
Bitcoin drops and markets face volatility before midterm elections
New Jersey drops staking lawsuit against Coinbase and lifts ban
New Jersey rescinded its cease-and-desist order against Coinbase and dropped its staking lawsuit. Residents can resume staking on the exchange soon.
Binance survives massive security breach as markets process billions in outflows
Binance suffered a $6.3 billion hack, but covered the loss and froze about $3 billion with partners. Bitwise CIO Matt Hougan noted the event stems from traditional cybersecurity issues rather than blockchain flaws.
North Korea denies involvement in recent huge cryptocurrency exchange hack
North Korea denied involvement in the recent multi billion dollar Binance hack. The FBI and blockchain tracking firms linked the attack to North Korea.
Crypto founder projects XRP could overtake Ethereum using payments
Tria founder John Lilic stated that XRP could overtake Ethereum in market value. He pointed to a plan involving the RLUSD stablecoin, payment cards, and neobank services.
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