South Korean prosecutors have reportedly contacted Interpol to request the issuance of a red notice against Kwon Do Kwon’s whereabouts are still unknown, leading the South Korean prosecutors to amp up their efforts. Terraform Labs founder Do Kwon seems to be in troubled waters again. Per a report by The Financial Times, the South Korean …
Monthly archives: September 2022
The Better Business Bureau warned about crypto investment scams on TikTok
The Better Business Bureau (BBB) published a blog post on Sept. 17 to warn people about cryptocurrency scams that promise near-instantaneous investment returns on Tiktok. Scammers targeting TikTok users The BBB explained that malicious TikTok scammers carry out crypto scams by luring unwitting users with a video depicting a pile of cash they earned through …
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Voyager urges Alameda Research to repay $200M loan
Bankrupt Voyager Digital requested that crypto trading firm Alameda Research repay its $200 million loan in a Sept. 19 court filing. According to the filing, Alameda would repay 6,553 BTC (roughly $128 million) and 51,204 ETH ($70 million) to the bankrupt firm. The filing revealed that the Voyager loan included other crypto assets like USDC, …
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Wintermute reveals $160M hack in DeFi operations
HacCrypto market maker Wintermute’s CEO Evgeny Gaevoy revealed that the firm was hacked for $160 million in its DeFi operations. We’ve been hacked for about $160M in our defi operations. Cefi and OTC operations are not affected — wishful cynic (@EvgenyGaevoy) September 20, 2022 According to Gaevoy, around 90 assets were hacked, with only two …
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CryptoSlate Daily wMarket Update – Sept. 19
The total cryptocurrency market cap saw net inflows totaling $32.1 billion. As of press time, it stood at $935.61 billion, up 3.5% over the weekend. Bitcoin’s market cap grew 3.6% over the reporting period to $370.69 billion from $357.68 billion. Meanwhile, Ethereum’s market cap was up 4.2% to $166.48 billion from $159.70 billion over the …
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Bitcoin-Embracing El Salvador President’s Re-Election Declaration Slammed
Just over a year after overseeing El Salvador’s adoption of bitcoin, the Central American country’s 41-year-old president, Nayib Bukele, recently declared his intention serve another five-year term. The announcement has been criticized by some who have been quick to remind Bukele that El Salvador’s constitution prohibits presidents from serving consecutive terms. Re-Election of Presidents a …
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Harris Poll Report Finds That 71% of Crypto Investors Are Confident They Will Become Billionaires
A new survey conducted by Harris Poll has found that most cryptocurrency investors in America feel they have the necessary tools to become billionaires in the future. The survey, which inquired about how Americans see billionaires, also revealed that this sentiment is higher amongst millennials and Gen Zers, with other groups falling behind Crypto Still …
Better Business Bureau Warns of Cryptocurrency Investment Scams on Tiktok
The Better Business Bureau (BBB) has warned about cryptocurrency scams on Tiktok. “You are scrolling through Tiktok when you come across a video showing a pile of cash. The creator says they earned the stack of money in just a few days by investing in cryptocurrency,” the BBB detailed. Crypto Scammers Defrauding Tiktok Users The …
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The state of Crypto Sports Betting: is it a reality yet?
Kimkibu earns a living by making sports wagers. His primary trading platform is Betfair, one of the biggest online betting exchanges, where bets can be made using British pounds, US dollars, and other legal tender. He is based in South Korea. He started trading on cryptocurrency sites like Polymarket, Degens, and SX Bet last year, …
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Thales integrates Chainlink Data Feeds as it expands to Arbitrum
Chainlink Data Feeds were officially integrated by yet another service — Thales. The platform and protocol, named after a famous Ancient Greek philosopher, are well-known for offering access to numerous positional markets featuring easy-to-understand derivatives. The project announced its expansion only hours ago on Twitter, noting that it reached and exceeded $7 million in volume …
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Ocean Protocol and Dimitra launched Phase 2 of the Data Challenge
Ocean Protocol, the Web3 blockchain platform that aims to unlock data services for business innovation and AI, recently launched the second phase of the Data Challenge it started in collaboration with Dimitra. This is an initiative whose goal is to gather data-driven insights, and encourage algorithm building in order to solve problems and challenges in …
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Star Trek star congratulates Ethereum and Vitalik Buterin on the Merge
Popular Canadian actor William Shatner, who is popular for playing the role of Admiral James T. Kirk in the Star Trek film, has joined the list of people applauding the Ethereum Merge. The actor expressed his support for Ethereum and its co-founder, Vitalik Buterin, for completing the Merge successfully. Star Trek star applauds the Ethereum …
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Top Crypto Analyst Unveils Bitcoin Bottom Scenario, Updates Outlook on Ethereum and XRP
A popular crypto strategist and trader is laying out his bullish thesis for Bitcoin (BTC) after the king crypto’s brief descent to the $18,000 level. Pseudonymous crypto analyst Cheds tells his 284,700 Twitter followers that Bitcoin could be printing two double bottom patterns on the daily chart. “BTC daily bull thesis would be a W forming …
DeFi platform sees strong interest in halal-approved crypto products
Australian-based crypto platform Marhaba DeFi says there has been a strong take-up of Halal-approved cryptocurrency products on its platform, with aims to release a suite of new products which align with Islamic law by the end of 2022. Launched in 2020, the platform is focused on adhering to the rules of “Islamic finance” which refers …
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Ethereum co-founder Vitalik Buterin shares vision for layer-3 protocols
While Ethereum-based layer-2 solutions have been focused on hyperscaling the network, Ethereum co-founder Vitalik Buterin believes layer 3s will serve a far different purpose — providing “customized functionality.” Buterin shared his thoughts in a Saturday post, providing three “visions” of what layer 3s will be used for in the future. The Ethereum co-founder said a third …
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