December 20, 2023

LEO Access to Binance Data Allegedly Compromised By Hacker

Earlier this week, a BreachForums user by the name of Miembro announced the sale of access to a Binance data request portal, built and maintained to accommodate police officers and government officials worldwide in their attempts to track down cybercriminals. The sale has since been paused, owing to a blunder involving a crypto mixer being...
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Judge Rules DCG Must Hold on to Genesis Until Bankruptcy Proceedings Conclude

Genesis, a bankrupt crypto lender, has successfully won a legal bid to prevent its parent company, Digital Currency Group (DCG), from selling or diminishing its ownership stake in the firm until the completion of Chapter 11 bankruptcy proceedings. This move by Genesis is aimed at securing vital tax benefits, which hinge on its continued status...
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Solana Saga Phone Labeled ‘Failure of 2023’ Despite Surge in Demand

The Solana Saga smartphone has garnered the unfortunate title of the worst smartphone of the year, as declared by popular YouTuber Marques Brownlee (MKBHD). Notably, the phone has experienced a surge in demand, leading to a sell-out, which occurred concurrently with an increase in the price of a memecoin developed on the Solana smart contract...
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Stacks (STX) Soars 26% After Endorsement From Tim Draper

Bitcoin (BTC) layer 2 blockchain Stacks (STX) has soared again after billionaire investor Tim Draper voiced support for the emerging protocol. Trading for just $1.18 at 7 pm ET on Tuesday, the asset trades for $1.53 at writing time – a 26% rise since the venture capitalist’s comments made the rounds on social media. The...
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Coinbase CEO Says Being Anti-Crypto is Bad Political Strategy, Here’s Why

Brian Armstrong, the co-founder and CEO of the largest American cryptocurrency exchange, Coinbase, believes being anti-crypto could have ugly political effects in the upcoming United States elections in 2024. In a Tuesday tweet, Armstrong stated that taking a stand against the novel technology would be “a really bad political strategy” for several reasons, blasting well-known...
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Top Lending Protocol Expands to Sui for First Launch Outside of Solana

[PRESS RELEASE – Grand Cayman, Cayman Islands, December 20th, 2023] Solend’s expansion is set to compound Sui’s remarkable DeFi momentum, which has seen TVL grow by over 500% since September. Solend, the top lending and borrowing protocol on Solana, today announced its impending launch on the Sui blockchain, which was created by a team of...
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Crypto’s Next Frontier: a16z’s Bold Predictions for 2024

Venture capital powerhouse a16z has unveiled a comprehensive report for the crypto industry in 2024, focusing on the accelerated adoption of NFTs, the evolution of gaming finance, and advanced blockchain solutions like zkSync. Decentralization, User Experience, and AI Blockchains The report emphasizes the importance of decentralization to distribute power away from central authorities, fostering competition...
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Galaxy Digital CEO Mike Novogratz Urges Removal of Senator Warren

Michael Novogratz, the founder of Galaxy Digital, expressed his opinion on Senator Elizabeth Warren’s stance against the cryptocurrency space on X. The post comes in response to Warren’s announcement of additional support from her colleagues for the Digital Asset Anti-Money Laundering Act, a bipartisan bill aiming to address concerns about the use of cryptocurrencies in...
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SOMA.finance Announces Launch of Digital Asset Trading Platform with First Product SOMA Starter

[PRESS RELEASE – New York, USA, December 20th, 2023] Launch Coincides with $SOMA Token Sale in Partnership with CF Portal Akemona SOMA Finance, Incorporated (“SOMA” & “SOMA.finance”), the joint venture between MANTRA and Tritaurian Capital, Incorporated (“Tritaurian”) that is building the critical infrastructure of decentralized finance (DeFi), announced today the launch of the first components...
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Michael Saylor: Spot Bitcoin ETF Approval Could Be Wall Street’s Biggest Milestone in 30 Years

Michael Saylor, a renowned Bitcoin advocate, has declared the potential approval of a spot BTC exchange-traded fund (ETF) as possibly the most significant development on Wall Street in the last three decades. Speaking with Bloomberg on December 19, Saylor compared this event to the historic creation of the S&P 500 ETF, highlighting its transformative potential...
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Bitcoin (BTC) Miners Break Records, Amass $23.7 Million in Fees Daily

Miners have achieved an unprecedented milestone by accumulating record-breaking daily fees amounting to $23.7 million, according to CryptoQuant’s analyst. The surge in mining revenue and fees is a direct result of the growing utilization of the Bitcoin network, particularly evident on December 16th when the fees surpassed the $23.7 million mark. This heightened fee collection...
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OKX Swiftly Addresses Critical Security Flaw in its iOS App After CertiK’s Warning

Prominent blockchain security company – CertiK – issued a warning to OKX users to update their iOS app to the latest version after detecting a vulnerability in it. According to the update posted on X (formerly Twitter), CertiK first discovered and reported a severe Remote Code Execution (RCE) vulnerability in the OKX iOS App earlier...
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This Technical Indicator Shows a Mid-Cycle Top, is Big Bitcoin Pullback Coming?

Bitcoin markets have remained sideways or slightly down since the beginning of December. Strong resistance at $44,000 has proved difficult to overcome, and a new resistance level at $43,000 has been tested and rejected twice.  On Dec. 19, market analyst ‘CryptoCon’ said it would be so easy to join the crowd and call for one...
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BendDAO Announces Integration with Bitcoin Ecosystem for NFT Borrowing and Lending

The decentralized nonfungible tokens (NFTs) borrowing and lending protocol – BendDAO – is all set to embrace the Bitcoin ecosystem. In a Discord post, BendDAO said that it will provide Bitcoin NFT lending business and will support the wBTC liquidity pool as a loanable asset. The platform is also actively exploring ways to facilitate smooth...
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Michael Saylor Predicts 2024 Bull Run, With Bitcoin ETF as Major WallStreet Development in 30 Years

In a recent Bloomberg interview, Michael Saylor, Co-Founder and Executive Chair of MicroStrategy, shared his bullish outlook for Bitcoin in 2024, hinging significantly on the advent of spot Bitcoin ETFs. Saylor emphasized the historical significance of this development, calling it the “biggest development on Wall Street in 30 years,” paralleling the invention of the S&P...
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