January 4, 2023

Cryptosat Launches Second Orbiting Satellite in Partnership With SpaceX

Cryptosat – a California-based builder of satellites that power cryptographic and blockchain applications – sent into orbit another satellite called Crypto2.  The company employed the services of Elon Musk’s rocket manufacturer – SpaceX. The Second Mission According to a document seen by CryptoPotato, Cryptosat sent its second satellite into Earth’s orbit using the two-stage rocket...
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RTFKT’s COO Says He Lost His NFTs in Phishing Attack

New year or not, NFT thefts are on the rise. Nikhil Gopalani, the COO of RTFKT, has become the latest victim. The exec took to Twitter to reveal losing a significant number of NFTs from his wallet in a phishing attack. “Hey Clone X community – I was hacked by a clever Phisher (same phone...
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Bitcoin Miner Core Scientific Plans to Shut Down 37,000 Celsius Rigs

Troubled Bitcoin miner Core Scientific will shut down more than 37,000 crypto mining rigs belonging to bankrupt crypto lender Celsius Network as both firms finally reach an agreement in court. Core Scientific, which hosts rigs for Celsius, filed for Chapter 11 bankruptcy in December and had partially blamed the lender for its financial troubles. Both...
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US Regulators Warn Local Banks About Risks of Dealing With Crypto After Horrific 2022

American banking watchdogs warned domestic financial institutions that delving into the world of crypto could carry various risks, such as fraud. The warning comes as a result of a catalytic 2022, which saw the demise of multiple cryptocurrency giants, including FTX, Terraform Labs, Three Arrows Capital, Celsius Network, and more. The collapse of those firms...
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Position Exchange Releases Decentralized; Futures Trading Protocol 2.0

Nowadays, centralized trading platforms have massive drawbacks like security flaws, hacks, and scams that have plagued the crypto-sphere for the past decade, and unfortunately, there have already been a few high incidents, a typical instance is the FTX collapse. The custody of funds is a huge risk to exchanges and their users. As more money...
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XRP Price Prediction: These are the Potential Target for the Ripple (XRP) Price in 2023

The crypto space is gearing up for one of the most volatile months with multiple events set to impact the value of the majority of the cryptos. XRP price is also believed to rise significantly as the buying volume has intensified to a large extent. The much-awaited judgment of the Ripple vs SEC lawsuit is...
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Magic Eden Blames Unsavory Pics on Third-Party Breach

Solana’s largest non-fungible token marketplace Magic Eden recently found itself in a bizarre situation after the platform displayed pornographic images and stills from the award-winning comedy series The Big Bang Theory instead of NFT collections. Shortly after the incident, users began speculating that the NFT marketplace may have been compromised. However, Magic Eden clarified that...
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Grayscale Ethereum Trust Discount Sinks to 60%, GBTC Down to 45%

The Grayscale Ethereum Trust (ETHE) has fallen to a record discount of -60% as fears over liquidations mount. The discount to net asset value (NAV) had been between -25% and -35% up until early November when FTX collapsed. It has since plummeted to its lowest-ever level this week. The Ethereum Trust is the firm’s second-largest,...
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BTC.com’s Stolen Funds Funneled Through Tornado Cash and CEXs: Report

Prominent cryptocurrency mining pool BTC.com suffered a cyberattack last month that resulted in a significant loss of company and user funds. New details have emerged regarding the whereabouts of the stolen funds. According to the market research firm, X-explore’s analysis, most stolen assets were transferred to Tornado Cash while some amounts were also transferred to...
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Sam Bankman-Fried Pleads Not Guilty, Trial Date Set

Unlike two of his former colleagues, FTX’s co-founder Sam Bankman-Fried pleaded not guilty to criminal charges that he knowingly cheated investors. US District Judge Lewis Kaplan set the trial date for the start of October. SBF was expected to have his first hearing on January 3 after his arrest in the Bahamas last month and...
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Incoming: Fee Changes, Higher Discounts for Staking BMEX Tokens and More Maker Incentives

A new fee structure is on the way, bringing with it more BMEX Token rewards and better incentives for makers. What’s more, there are three ways you can reduce your fees, one of which is by staking your BMEX Tokens. For the full breakdown on our fee changes, and what they mean for you, read...
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Bithumb’s Owner Found not Guilty on Charges of Fraud (Report)

The Seoul Central District Court reportedly ruled that the owner and former Chairman of the South Korean cryptocurrency exchange – Lee Jung-hoon – has not defrauded Kim Byung-gun for 112 billion won ($87.5 million). Had he been found guilty, he could have faced a prison sentence of up to eight years. The Court’s Final Word...
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