March 14, 2023

CFTC’s New Tech Advisory Group Includes Execs From Circle, Paradigm

The Commodity Futures Trading Commission (CFTC) announced the addition of key industry members to the newly constituted Technology Advisory Committee (TAC). The official press release stated that the agency has appointed White House official Carole House as the new chair, while blockchain analysis company TRM Labs’ Ari Redboard has been onboarded as the vice chair...
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Euler Finance Flash Loan Exploit: Vulnerability Remained On-Chain for 8 Months

Omniscia, the auditing partner of Euler Finance, has released a post-mortem report on the same which stated that the vulnerability that was exploited by the malicious hackers originated from the decentralized finance lending protocol’s incorrect donation mechanism that failed to account for the donator’s debt health. The vulnerable code introduced in eIP-14 brought about several...
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3 Reasons Bitcoin Exploded to a 9-Month High This Week

Bitcoin soared to a high of $26,514 on Tuesday, up 30% since crashing below $20,000 on Friday. What caused the king of crypto to rebound in such a spectacular fashion? Here are three possible reasons:  Silicon Valley Bank’s Bailout Much of Bitcoin’s price trouble last week stemmed from uncertainty surrounding the crypto industry’s biggest banking...
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Critical Bug Impacting Litecoin, ZCash, Dogecoin and Other Networks Identified: Research

Blockchain security firm, Halborn has detected several critical and exploitable vulnerabilities impacting more than 280 networks, including Litecoin (LTC) and Zcash (ZEC). Code-named “Rab13s,” this vulnerability has put over $25 billion of digital assets at risk. This was first detected in the Dogecoin network a year ago, which was then fixed by the team behind...
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UK’s Third Largest Bank NatWest Places £1,000 Daily Limit on Crypto Deposits

Popular UK-based financial institution National Westminster Bank (NatWest) has restricted the funds its customers can spend on crypto purchases to reduce their exposure to the volatile asset class. According to a Bloomberg report, NatWest account holders now have a transfer limit of £1,000 ($1,215) per day or £5,000 ($6,090) every 30 days into crypto exchanges....
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SEC and DOJ Launch Probes Against Silicon Valley Bank: Report

Both the Securities and Exchange Commission (SEC) and Department of Justice (DOJ) are reportedly investigating the now-collapsed Silicon Valley Bank (SVB) after depositors to the bank were bailed out by regulators on Sunday.  The separate investigations will both examine the stock sales of SVB’s executives moments before the bank collapsed. The agencies’ investigations are still...
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Bitcoin Hits $26,386 as CPI Relaxes at 6%- Here’s What Investors Should Know Before Planning the Next Move

The fresh CPI rates are out! The new rates have emerged as expected at 6% which kicked off the BTC price rally beyond $26,000. The bulls appear to be exhausted a bit as the prices are consolidating just below the yearly highs. But will the price continue to swing high or it is just a...
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Vitalik Buterin Transferred 700 ETH to Two Different Addresses and is Buying USDC

Ethereum’s Co-Founder – Vitalik Buterin – recently sent 200 ETH (approximately $350,000 at current valuations) to an address belonging to the crypto exchange Kraken and 500 ETH (over $875,000) to the DeFi protocol Reflexer. He deposited the 500 ETH to mint 150,000 RAI tokens, exchanging most for USDC.  The stablecoin passed through some turbulence lately,...
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Houbi Cut Ties With Signature Bank and Silvergate Before Their Collapse (Report)

Huobi had reportedly withdrawn all its assets from Signature and Silvergate Bank prior to their demise.  However, numerous other platforms and crypto-related firms got burned from their existing exposure to the aforementioned banks, including Coinbase and Paxos. Huobi disclosed to Reuters that its customers’ funds remain unaffected by the recent banking crisis in the USA since...
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Postmortem: Downtime, 13 March 2023

On Monday 13 March 2023, our trading engine was suspended from 13:58 UTC to 14:18 UTC. This suspension was triggered by a shortfall in on-chain funds of 50,000 USDT, on the Tron network, due to a duplicated customer withdrawal at 13:57 UTC.  As communicated during the downtime via our Status page and social media channels,...
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Top Expert Says Bitcoin Price Rally Will Continue Despite U.S. Banks Failing

Bitcoin’s price action has been a topic of concern for traders and investors worldwide. Expert Michael van de Poppe recently shared his technical analysis of the cryptocurrency, highlighting its potential for a rally amidst the ongoing collapse of the US banking system. Van de Poppe, a well-known trader, and analyst emphasized the importance of yields...
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CoinGames Launches Decentralized to Revolutionizing Gaming

[PRESS RELEASE – Please Read Disclaimer] Coingames.fun is a crypto casino platform that offers over 40 game providers to users all around the world, and is now the very first online casino operated exclusively via smart contract. The innovative crypto casino launched its decentralized version on February 20th, a process that will significantly change the...
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BinaryX Releases Trailer and Opens Beta Test For Futuristic Space Game Project Matthew

[ PR – Singapore, Singapore, 13th March, 2023, Chainwire] BinaryX announced today the upcoming release of a space-building simulation game, Project Matthew. The team just released the trailer video which gives a first look at the game, and is also opening registration for their Closed Beta Test happening soon. Introducing Project Matthew: The Exciting New...
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Portal Fantasy, Upcoming Pixel RPG Joins Forces with Polygon

[Press Release] The team looks ahead to the second phase of the Portal Fantasy roadmap. Portal Fantasy, an all-new adventure RPG title has announced a partnership with Polygon. The game’s closed beta will launch on the Polygon network on April 11th, 2023. Portal Fantasy is an upcoming browser-based pixel RPG that aims to breathe new...
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Now Live: Dogecoin, Bitcoin Cash, and Litecoin Listings

A quick note that we now support Dogecoin (DOGE), Bitcoin Cash (BCH), and Litecoin (LTC), thereby taking the number of cryptocurrencies users can convert, deposit, and withdraw on BitMEX to over 30. For the 101 on these new listings, and what this means for our users, read on. More coins and tokens – such as...
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Uniswap Hits ATH of Almost $12B in Trading Volume Amidst USDC Crisis

The decline of centralized entities has worked out well for their decentralized counterparts. Over the weekend, USDC witnessed a significant trading volume on several decentralized exchanges. Uniswap, for one, reached its highest daily volume ever of $11.84 billion on March 11th. But it isn’t the only decentralized protocol that saw traction. Decentralized Exchanges Register Impressive...
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Bitcoin (BTC) $ 63,753.08 0.63%
Ethereum (ETH) $ 3,317.69 2.45%
Tether (USDT) $ 1.00 0.04%
BNB (BNB) $ 604.52 1.79%
Solana (SOL) $ 142.68 0.51%
USDC (USDC) $ 1.00 0.05%
Lido Staked Ether (STETH) $ 3,319.71 2.64%
XRP (XRP) $ 0.519389 0.08%
Dogecoin (DOGE) $ 0.150173 1.45%
Toncoin (TON) $ 5.55 3.87%