Monthly archives: December 2022

The BNB Chain-based decentralized finance (DeFi) protocol Ankr has confirmed it has been hit by a multi-million dollar exploit on Dec. 1. The attacker was purportedly able to mint 20 trillion Ankr Reward Bearing Staked BNB (aBNBc), a reward-bearing token for BNB (BNB) staked on the protocol. The exploiter has since used services such as …

Continue reading “Breaking: Ankr confirms exploit, asks for immediate trading halt”

Bitcoin is retracing its recent week losses, and it’s about to reclaim the support lost during the FTX debacle. The number one crypto by market capitalization is displaying some short-term strength as macroeconomic conditions continue to improve.  Other cryptocurrencies in the crypto top 10 by market cap are seeing profits. Dogecoin (DOGE) and Ethereum (ETH) …

Continue reading “Bitcoin Hits $17,000, But Is It Too Early To Call The All Clear On The Bear Market?”

Bitcoin’s price increases have brought some sunshine to the cryptocurrency sector. Each of CoinGecko’s three timeframes—daily, weekly, and biweekly—showed BTC in a positive light. This is fantastic news for the cryptocurrency market as a whole, as BTC is the dominant currency in the sector. Here’s a quick glance at how Bitcoin is performing of late: …

Continue reading “Bitcoin Could Usher In December Near $18,000 If It Moves Past This Resistance”

As of late, PancakeSwap has been working with Hashflow to offer HFT payouts on its staking platform. The Tweet implies that this will make it possible for someone to utilize PancakeSwap to “farm” HFT tokens for profit. For a decision to be voted on by PancakeSwap users, it must be supported by the votes of …

Continue reading “CAKE Not Looking Delectable For Investors Despite PancakeSwap’s Progress”

While Chainlink staking v0.1 will go live on the mainnet on December 6, the LINK price has shown a strong performance over the past week. At press time, LINK was trading at $7.58, and thus up 13.5% over the last week. Still, Chainlink has been going sideways for seven months. However, thanks to dovish comments …

Continue reading “Chainlink (LINK) Is About To Launch Staking – These Are The Next Target Zones”

The Bitcoin price has seen a minor rally after yesterday’s speech by US Federal Reserve chairman Jerome Powell. The price rose above $17,000, driven by the statement that smaller rate hikes are likely imminent and could begin in December. Ultimately, analysts see a 50 basis point hike in December almost a lock. The FED was …

Continue reading “US Institutional Investors Flocking Back To Bitcoin – Is The Bottom In?”

The BNB Chain-based decentralized finance (DeFi) protocol Ankr has confirmed it has been hit by a multi-million dollar exploit on Dec. 1. The attacker was purportedly able to mint 20 trillion Ankr Reward Bearing Staked BNB (aBNBc), a reward-bearing token for BNB (BNB) staked on the protocol. The exploiter has since used services such as …

Continue reading “Ankr confirms exploit, asks for immediate trading halt”

The online crypto community has discovered a new Artificial Intelligence (AI)-powered chatbot that can either be used to warn developers of smart contracts vulnerabilities or teach hackers how to exploit them.  ChatGPT, a chatbot tool built by AI research company OpenAI, was released on Nov. 30 and was designed to interact “in a conversational way” …

Continue reading “This AI chatbot is either an exploiter’s dream or their nightmare”

Decentralized finance (DeFi) protocol Trader Joe has announced its very first expansion from Avalanche and onto the Ethereum ecosystem, as part of its plans to access new markets and drive up user activity. The decentralized trading platform announced its “multi-chain” expansion into Ethereum layer-2 scaling solution Arbitrum One on Dec. 1 and follows around a …

Continue reading “Trader Joe takes its first step into the Ethereum ecosystem”

The New York State Department of Financial Services (DFS) has submitted a proposed change in state laws that would allow it to charge licensed crypto companies for regulating them. While that may seem like an odd proposition, under Financial Services Law (FSL) it is common practice for the DFS to charge licensed non-crypto financial entities …

Continue reading “New York proposes to charge crypto companies for regulating them”

The Japanese subsidiary of the now-defunct FTX crypto exchange has come out with a roadmap to resume withdrawals, after confirming that its customers’ assets are not part of FTX’s bankruptcy proceedings. The firm provided an update on Dec. 1, stating it has been able to confirm that its customers’ assets “should not” be part of …

Continue reading “FTX Japan drafts plan to return client funds”

Crypto legal expert Jeremy Hogan says that the possible misappropriation of user funds by disgraced crypto exchange FTX could amount to a criminal offense. Hogan tells his 243,300 Twitter followers that FTX’s terms of service forbade the crypto exchange from using its customers’ digital assets for any purpose whatsoever. FTX filed for chapter 11 bankruptcy …

Continue reading “Accusation That FTX Misused Customer Funds Presents a ‘Prison’ Problem, Says Crypto Legal Expert Jeremy Hogan”

A legal expert is weighing in on how the judge in the legal battle between U.S. Securities and Exchange Commission (SEC) and Ripple Labs will likely proceed. Crypto attorney James K. Filan says he expects US District Judge Analisa Torres to decide which documents to unseal in the case when making a summary judgment, not …

Continue reading “Ripple vs. SEC: Crypto Legal Expert Breaks Down Upcoming Ruling in XRP Lawsuit”

Top US crypto exchange Coinbase says it will end support for crypto assets with low usage on its self-custody digital wallet. According to Coinbase Wallet, it will pull out the plug for XRP, Stellar (XLM), Bitcoin Cash (BCH) and Ethereum Classic (ETC) by next year. “After careful evaluation, we will be removing support for several networks …

Continue reading “Coinbase Wallet Drops Support for XRP, Stellar (XLM), Bitcoin Cash (BCH) and Ethereum Classic (ETC)”