On-chain activity suggests Ethereum (ETH) and two altcoins could be primed for short-term price rallies, according to the crypto analytics firm Santiment. Santiment notes that ETH, Shiba Inu (SHIB) and SushiSwap (SUSHI) traders displayed “mild signs of panic” on Thursday. All three networks displayed some of the highest levels of trader loss-taking (versus profit) in …
Monthly archives: October 2023
Binance Immense XRP Holdings Exposed In Detailed Proof of Reserves Report
Binance, the largest crypto exchange in the world, just released its 11th report for its reserves, and the numbers are staggering as always. According to the report, Binance’s XRP holdings, in particular, have increased in the past month. This is evident, as there have been reports of investors depositing XRP into exchanges in the past …
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Here’s How Sam Bankman-Fried Allegedly Used Customer Funds On Alameda Research
On day four of the criminal trial of former FTX CEO Sam Bankman-Fried, Gary Wang, who co-founded the now-bankrupt crypto exchange and served as its former chief technology officer (CTO), testified. During his testimony, the former FTX executive revealed details about the connection between the cryptocurrency exchange and Alameda Research. FTX’s Sam Bankman-Fried Allegedly Gave …
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Solana Outshines Rivals On Weekend Top 10 Roster With 18% Rally
Solana experienced a significant surge of approximately 20% during the last few days of September and into the first week of October. This sudden price increase has piqued the interest of investors and enthusiasts alike, sparking discussions about its underlying causes. One prominent question on people’s minds is whether this uptick in SOL’s value is …
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Avalanche-Based Stars Arena Falls Victim To A $3 Million Exploit, TVL Tanks By 100%
Stars Arena, a decentralized social media platform built on the Avalanche network, has suffered a major security breach, resulting in the loss of a significant amount of cryptocurrency. This comes barely a day after the decentralized application (dApp) reportedly fixed a loophole in its smart contract. On Thursday, October 5, the Stars Arena team said …
Inside Job Suspected As Huobi Wallet Falls Victim To $263,000 Exploit
According to multiple reports, iToken, formerly known as Huobi Wallet, fell victim to a crypto heist in the last week, leading to the loss of $263,000 worth of users’ assets. The incident draws much attention following recent police investigations into some of Huobi’s former staff. $263,000 Drained From Huobi Wallet – Could There Be An …
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Stars Arena secures funds to plug $3M exploit, set to reopen after security audit
Stars Arena was hacked for roughly $3 million worth of AVAX tokens, with the hacker reportedly sending the funds to the Fixed Float crypto exchange. News Join us on social networks Avalanche-based Web3 social media app Stars Arena announced that it has secured the funding to cover the $3 million hole left by an exploit …
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SBF trial underway, Mashinsky trial set, Binance’s market share shrinks: Hodler’s Digest, Oct. 1-7
Top Stories This Week Opening arguments begin in Sam Bankman-Fried trial The trial of former FTX CEO Sam “SBF” Bankman-Fried kicked off on Oct. 4 in New York after jury selection began the previous day. Assistant United States Attorney Thane Rehn told jurors that SBF used FTX customer funds to enrich himself and gain credibility …
Wall Street Memes Unveils $1 Million Token Buyback: The Inside Scoop on Why $WSM May Dominate the Crypto Meme Scene in 2024
Wall Street Memes ($WSM), which almost hit a market cap of $150 million last week, just announced an exciting $1 million token buyback. As per […] Go to Source
Top US Crypto Exchange Coinbase Embracing ‘International First Mentality,’ Says Company VP
Top US crypto exchange Coinbase has been upping its focus on international markets amid regulatory uncertainty stateside, according to the company’s vice president of international policy. While speaking during a recent interview at Zebu Live, Tom Duff Gordon notes that scaling internationally is becoming “more and more important” to the exchange. “We want to work …
US Commodities Regulator Mulling Enforcement Action Against Co-Founder of Bankrupt Crypto Lender Voyager: Report
The Commodity Futures Trading Commission (CTFC) is reportedly contemplating taking enforcement action against the co-founder of a bankrupt crypto lender. According to a new report by Bloomberg, the CTFC is considering charging Stephen Ehrlich, the ex-chief executive of Voyager, of misleading customers about the safety of their assets after launching an investigation into the troubled …
Crypto Hacker Strikes Web3 Platform Galxe With Domain Attack, Appears To Have Stolen Around $200,000
A hacker hit web3 platform Galxe (GAL) with a domain attack on Friday morning and appears to have made off with around $200,000. Galxe, a web3 credential data network, uses the domain registrar Dynadot. The project noticed a security breach affecting its domain name system (DNS) record for galxe.com early Friday morning. Explains Galxe, “Regrettably, …
What is finality in blockchain, and why does it matter?
Understanding finality in blockchain Finality in blockchain refers to the unchangeable confirmation of a transaction or a block of transactions. In conventional financial systems, once a transaction is confirmed, it cannot be undone. Similarly, attaining finality on a blockchain network ensures that a transaction is permanent and cannot be modified after it has been added …
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3 reasons why Ethereum price can’t break $2K
A bearish Ethereum fractal meets lower network activity as Ether’s price struggles to break above $2,000. Market Analysis Join us on social networks The price of Ethereum’s native token, Ether (ETH), has gained around 35% so far in 2023. But its attempts to break above $2,000, a psychological resistance level, have witnessed strong bearish rejections …
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‘We don’t want to be asking in 30 years, ‘Who lost crypto?”: Coinbase chief legal officer
The U.S. is falling behind in adopting crypto regulations, which could lead to 1 million developer jobs and 3 million other high-paying crypto jobs fleeing overseas, according to Paul Grewal, chief legal officer at Coinbase. In an interview with Kitco News, Grewal said that these jobs are “not rhetorical,” adding: “If these jobs are coming …