The US authorities recently confiscated $22 million in Bitcoin or around 719 BTC, that was obtained through a series of ransomware attacks. The funds were confiscated by the Department of Justice (DOJ), and one of the participants of the attacks is the 35-year-old Sebastien Vachon-Desjardins — a Canadian who joined the infamous NetWalker attacks. The …
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According to a recent announcement by the Ethereum development firm Nethermind, the company has just “transpiled and compiled” Ethereum’s largest decentralized exchange, Uniswap, on Warp. Warp is Nethermind’s newest project which was created in order to allow Ethereum’s users to swap tokens on the project’s Layer 2 network, StarkNet. As a more scalable network, StarkNet …
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A trustee of defunct crypto exchange platform Mt. Gox is setting a date for creditors to register and choose their preferred reimbursement method. According to a recent company press release, those owed money by Mt. Gox have until January 10th next year (Japan time) to complete the initial steps of the repayment procedures. The document …
The anonymous creator, 0xngmi, has developed a new protocol allowing users to become liquidity providers for their nonfungible token collections. According to a recent Twitter post by 0xngmi, the anonymous creator of decentralized finance (DeFi) project aggregator DefiLlama, the smart contract code for a novel nonfungible tokens (NFT) borrowing and lending protocol dubbed “LlamaLend” is …
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Multiple on-chain and technical analysis metrics suggest the crypto market is in for a sharp price move. Here is a strategy pro traders use to profit from volatility. Analysts who closely monitor traditional markets have started calling for a volatility spike in cryptocurrencies due to dire macroeconomic conditions. Signs of stress coming from credit markets …
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With a reported net worth of roughly $7.5 billion, the veteran hedge fund manager said he still has a “very minor allocation” of Bitcoin. Veteran investor Paul Tudor Jones said he still has a “very minor allocation” in Bitcoin amid the price volatility, citing economic patterns since the 1970s as part of his reasons for …
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Under the agreement, more than $2 million would be returned to Transit Swap users. On Oct. 10, decentralized finance (DeFi) protocol Transit Swap announced that it had reached an agreement with its biggest hacker for the return of funds. Approximately one week prior, a hacker exploited an internal bug on a swap contract within the …
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Summary: A public call for tender was launched by the EU Commission last week. The call is for a study geared toward developing automated monitoring systems and compliance oversight for decentralized finance. DeFi operations in the Ethereum ecosystem are the main target for the commission’s so-called “embedded supervision”. The U.S. Securities and Exchange Commission also …
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Since the Federal Reserve began hiking interest rates to control inflation, the cryptocurrency and stock markets have performed poorly, forcing investors’ interest in US Treasury bonds to rise. Investors flock to US Treasury bonds Investors appear to be piling in on US Treasury bonds because of their relative safe haven performance in light of the …
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XEN Crypto, a new project on Ethereum, is responsible for over 40% of ETH burns and has made the network’s issuance deflationary for consecutive days, according to ultrasound.money data. When XEN launched — Ethereum supply shows reduction from Oct 8th onward… (Note 50% of Ethereum gas fees get burned). Bullish for Ethereum. pic.twitter.com/vA51H4rum5 — Jack …
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The network’s total hash rate currently stands at 240 EH/s and is expected to increase even further. 2 min read Updated: October 10, 2022 at 2:36 pm Cover art/illustration via CryptoSlate The Bitcoin network has reached its all-time high in terms of hash rate, surpassing most projections. The network’s total hash rate currently stands at …
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TrueFi is in discussion with Blockwater and its advisors to recover the remaining funds but will also engage in legal proceedings to ensure best outcome for shareholders. 2 min read Updated: October 10, 2022 at 2:46 pm Cover art/illustration via CryptoSlate Unsecured lending protocol TrueFi has issued a notice of default to Blockwater Technologies for …
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The Zash team will be working with Nexo to provide clean, labeled, and indexed NFT data to feed its valuation and pricing models 2 min read Updated: October 10, 2022 at 12:03 pm Cover art/illustration via CryptoSlate Zash, an enterprise-grade blockchain indexer, has announced a partnership with Nexo. As part of the partnership, Nexo will …
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Circle Policy Advisor Patrick Hansen tweeted details of a tender by the E.U. Commission to develop “embedded supervision” of decentralized finance (DeFi) on the Ethereum network. “The aim is to study technol. capabilities for automated supervisory monitoring of real-time DeFi activity.“ The value of the tender is estimated to be €250,000 ($242,600), and the study …
Brazil’s Federal Police and the U.S. Homeland Security Investigations (HSI), along with the help of multiple other enforcement agencies have busted a global crypto fraud ring, according to a press release issued by the U.S. Immigration and Customs Enforcement (ICE) on Oct. 6. The Curitiba, Brazil-based crypto fraud ring took the form of a digital …
