The popular pro-XRP lawyer, John E Deaton, recently quoted an interview with Kevin O’Leary, a.k.a. Mr. Wonderful, in which the millionaire took another jab at Binance, CZ, and FTX, asking why he continues to be so obsessed, especially with Changpeng Zhao. Recall that O’Leary was paid approximately $15 million in various forms to promote FTX...Read More
Blockchain security firm SlowMist has cautioned about a surge in phishing attacks carried out by impostors posing as journalists on the recently launched decentralized social network friend.tech. It was first flagged on October 14, when Twitter user Masiwei reported a malicious code targeting friend.tech for account theft. As per the SlowMist Security Team’s investigation, the...Read More
Coinbase (NASDAQ: COIN) has listed SOL perpetual futures on its international exchange and Coinbase Advanced. The launch occurred earlier today, November 14. Avalanche’s AVAX is another major cryptocurrency to get listed on both platforms. We’ll see two major trading pairs this week: SOL-PERP and AVAX-PERP. @CoinbaseIntExch will add support for Solana and Avalanche perpetual futures...Read More
The co-founders of Opyn, a prominent DeFi options protocol, have announced their departure from the company and the crypto industry. This decision comes in the wake of charges filed against Opyn by the Commodity Futures Trading Commission (CFTC) in September. Opyn’s Co-founders Announce Departure from Crypto Opyn co-founders CEO Zubin Koticha and Alexis Gauba recently...Read More
BlackRock Inc., a prominent asset management firm, the company has brought attention to the potential threats that stablecoins pose to the Bitcoin market. This disclosure, part of a publicly filed document submitted to regulatory bodies, sheds light on the intricate challenges and intricacies within the ever-evolving landscape of cryptocurrency. BlackRock Shed Light’s on Stablecoin Volatility...Read More
A Bitcoin whale has entered a massive selling spree, offloading 411 Bitcoin for about $15.2 million. According to data from Lookonchain, the whale first converted the Bitcoin to Wrapped Bitcoin (WBTC) before selling it at an average price of $37,023. The whale still has 155 WBTC, worth about $5.74 million. A whale is selling $BTC....Read More
The Bitcoin (BTC) mining community achieved an annual all-time high (ATH) on November 12, amassing $44 million in combined block rewards and transaction fees. This milestone, the highest for the year, marks a resurgence for Bitcoin miners who weathered a challenging period between April 2022 and November 2023. 2023 Marks a Turnaround for Bitcoin Miners...Read More
Uniswap has rolled out the completed version of its wallet app to all Android users following a brief beta testing period that began last month. The app brings a simple mobile user interface to its decentralized exchange (DEX), which is currently the largest in the entire crypto ecosystem. Per Uniswap’s announcement on Tuesday, app users...Read More
Bitcoin Ordinals are taking the network by storm yet again. The total count of minted Bitcoin Ordinals Inscriptions has climbed to a new record. This milestone coincides with the second anniversary of the activation of the highly awaited Bitcoin upgrade, Taproot, which occurred at block 709,632 on November 14th and was the catalyst for the...Read More
The potential approvals of spot Bitcoin exchange-traded funds (ETFs) are poised to revolutionize the cryptocurrency market. According to industry experts and recent analyses from Coinbase and other financial institutions, once such products see the light of day, shifting the focus from tracking fund flows to considering the long-term impact on the market is important. Spot...Read More
FTX and its sister company, Alameda Research, have deposited $24 million worth of digital assets onto exchanges Kraken and OKX, as reported by Spot On Chain today. Over the past few hours, FTX has deposited three different assets to the two exchanges days after transferring more to Binance, among other centralized exchanges. FTX and Alameda...Read More
A former trader from Jane Street, hired by Sam Bankman-Fried to contribute to FTX’s philanthropic efforts, is currently in a legal battle to secure the remaining portion of his 2022 bonus. Lawyers representing Ross Rheingans-Yoo claimed that the exchange had paid only $375,000 of his $650,000 bonus. They argued that FTX owes him $275,000 as...Read More
Cryptocurrency exchange Bitfinex has warned investors to exercise caution in their trading strategies as bitcoin (BTC) has entered a higher volatility environment. According to the latest edition of the Bitfinex Alpha report, BTC’s recent ascent to the $38,000 range may not last for a while, as on-chain metrics show that the digital asset could retrace...Read More
The fourth Bitcoin halving is fast approaching and is estimated to be just 157 days away. In the meantime, there is a notable tightness occurring in the supply of Bitcoin that has now reached unprecedented levels in its history. Glassnode’s latest report revealed that the ‘available supply’ is at historic lows, and rates of ‘supply...Read More
The latest cyberattack on Coin Cloud, the defunct Bitcoin ATM company, by an anonymous hacking group has raised alarming concerns about the physical safety of the exposed users. The hackers claim to have infiltrated 300,000 Coin Cloud customers of personal information, including critical details such as social security numbers, dates of birth, names, email addresses,...Read More
Began from Nov 9, the SEC has this unique “window” to give the thumbs up to all 12 spot Bitcoin ETF filings, even including Grayscale Investments’ conversion of its Grayscale Bitcoin Trust product by November 17. SEC Remains Silent Bitcoin enthusiasts and investors alike have been closely monitoring the Securities and Exchange Commission’s response to...Read More
Aave V3 markets have been unpaused by the Community Guardian, signaling the resolution of the issues that prompted the temporary measures. The move follows the execution of a governance proposal voted on earlier. Additionally, Aave V2 Ethereum is anticipated to be unpaused tomorrow, a decision accelerated due to block times on voting and operational considerations....Read More
One year after crypto exchange FTX collapsed, a group of ex-executives at the firm has teamed up to launch a new but similar platform, aiming to fix the issues that led to the company’s implosion. According to a report from the Wall Street Journal, former FTX general counsel Can Sun and ex-employees Armani Ferrante and...Read More
Bitcoin mining firm Core Scientific filed a disclosure statement for its third-amended bankruptcy recovery plan on Monday, which incorporates key terms from its Restructuring Term Sheet filed in late October. The new filing features a concrete timeline for how the firm will gain support for the plan from key stakeholders and emerge from bankruptcy before...Read More
A longtime Bitcoin investor and his father discovered last week that they were robbed of ~25 BTC ($919,000) in September that the family had held in a personal wallet since 2012. The online Bitcoin community is now coming to their aid, with the victim proposing a 23 BTC bounty to anyone who can recover the...Read More
Digital asset investment products saw inflows amounting to $293 million over the past week. This extended a seven-week streak of inflows surpassing the $1 billion milestone. Year-to-date inflows now stand at $1.14 billion, marking the third-highest annual inflows on record. Ethereum witnessed a massive turnaround in sentiment, welcoming its largest inflow since August 2022 of...Read More
Tether, the issuer of the world’s largest stablecoin USDT, is planning to launch five new projects in 2024, further expanding its reach beyond stablecoin issuance. Tether CEO Paolo Ardoino hinted at the new projects in a recent tweet, saying the company is “quite close” to adding “another extremely powerful piece of the puzzle” to its...Read More
THORChain, a native asset settlement protocol, is now the second-largest decentralized exchange (DEX). Its native token, RUNE, has experienced a significant increase over the last week amid the aforementioned development. THORChain Surges in Trading Volume Over the past week, THORChain has experienced a significant surge in trading volume, surpassing $1.325 billion. Data from DeFi Llama...Read More
A sophisticated phishing scam involving a counterfeit Skype application has resulted in the theft of a substantial amount of cryptocurrency, according to SlowMist, a prominent blockchain security firm. The investigation has also revealed a connection to a past phishing incident that involved the same domain previously posing as Binance. Phishing App Mimics Skype in Security...Read More
Bithumb is gearing up for its initial public offering (IPO). This comes weeks after the South Korean crypto exchange picked Samsung Securities as its underwriter, which is tasked with creating the prospectus, a legal document that furnishes comprehensive details about the initial public offering (IPO). Bithumb Eyes for IPO in 2025 According to a report...Read More
A wallet linked to the well-known exchange Binance has been breached, leading to a significant loss of $27 million. The incident primarily involved the theft of Tether (USDT) and was brought to light by the reputable on-chain investigator ZachXBT. ZachXBT Reveals $27M Crypto Heist on Binance-Linked Wallet According to on-chain detective ZachXBT, a cryptocurrency wallet...Read More
OneCoin’s head of legal and compliance Irina Dilkinska has pleaded guilty this week to wire fraud and money laundering charges in connection to the crypto scam that deceived and resulted in a $4 billion fraud. The DOJ said that the US District Judge Edgardo Ramos accepted Dilkinska’s guilty plea. According to the official press release,...Read More
Binance’s dominance over the centralized crypto exchange market has weakened over the past year, according to a new report from 0xScope. Estimates from the blockchain analytics firm suggest that Binance’s trading volume and other indicators are “around 10% lower overall,” while competition from OKX and other “second-tier exchanges” grows stiffer. Binance’s Second Tier Competitors Per...Read More
New Jersey’s U.S. Attorney’s Office has filed a civil forfeiture action against Christopher Castelluzzo and two other members of an unnamed drug trafficking group based in New Jersey. According to the filing, the other two members of the group are Luke Atwell – a friend and business partner of Castelluzzo’s who is currently serving a...Read More
The U.S. Securities and Exchange Commission (SEC) is struggling to recruit and retain crypto experts due to internal hiring restrictions, according to a new report from the agency’s Inspector General. The statement comes at a time when the SEC is highly focused on reigning in the blockchain industry, which its chairman Gary Gensler has described...Read More
