North Korean hackers behind $100 million heist

Markets

Huge $3 Trillion Bitcoin Price Prediction Comes With A Stark 2023 Warning (3 minute read)Bitcoin has surged into 2023, adding almost 40% since the beginning of the year. The bitcoin price has climbed to highs not seen since late August, erasing its losses in the aftermath of the shock FTX crypto exchange collapse—though "contagion" could be about to hit other major crypto companies. Now, a panel of crypto experts has predicted the bitcoin price will soar to almost $200,000 per bitcoin by 2030 (giving bitcoin a combined market capitalization of just over $3 trillion) but not before dropping sharply again in 2023.

Binance SWIFT banking partner set to ban USD transfers below $100K (2 minute read)Signature Bank will not handle transactions of less than $100,000 for crypto exchange customers, according to a statement from exchange giant Binance. Binance said in the statement emailed to CoinDesk that Signature had told the company that it “would no longer support “any of its crypto exchange customers with buying and selling amounts of less than 100,000 USD as of February 1, 2023,” and that this would be true for “all Signature’s crypto exchange clients.”

Misc

Celsius lawyer says Earn account customers entitled to a 'significant return' (3 minute read)Celsius Earn account customers will be “entitled to a significant return,” a representative for crypto lending firm Celsius told a bankruptcy court on Tuesday. “The Earn customers we think are going to be treated equally and will be entitled to a significant return of value here,” the representative said, while also respecting the rights of the different categories of customers. The vast majority of Celsius’ customers are in the Earn program and the vast majority of the value of the assets is going to go to customers of that program.

French Lawmakers Soften Stance on Compulsory Crypto Licenses (2 minute read)Crypto companies in France would have to follow extra conflict of interest and consumer protection rules as of 202, under proposals voted on by lawmakers at the National Assembly on Tuesday. The Assembly voted 61 in favor of, and 33 against, the proposed measure. But the move will likely lead to sighs of relief in the crypto industry because it represents a softening of a stance by the Assembly’s Finance Committee and by the French Senate, which favored a more heavy-handed requirement for firms to hold a compulsory license by October.

North Korea-linked hackers behind $100 million crypto heist, FBI says (2 minute read)North Korean-linked actors were behind the theft of $100 million through the hack of a crypto product last year, the Federal Bureau of Investigation said. The FBI said it was “able to confirm” that Lazarus Group, a hacking group linked to Pyongyang also known as APT38, was responsible for the attack on the so-called Horizon bridge in 2022. Traders use a bridge to swap cryptocurrencies between different blockchain networks.

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