October 6, 2023

FTX Hijacked Customer Funds As Early As 2019, Says Co-Founder

FTX co-founder Gary Wang revealed more details of Alameda Research’s corrupt relationship with his exchange during Sam Bankman-Fried’s fraud trial on Friday. During his testimony, Wang claimed that the function required for Alameda to steal client funds had been baked into FTX’s computer systems back in 2019. Alameda’s Special Privileges As summarized by Inner City...
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Kraken Pushes European Expansion with Acquisition of BCM

To broaden its European business landscape, Kraken, an already prominent virtual currency exchange network, just declared its intention to acquire Coin Meester B.V. (BCM), a respected crypto broker based in the Netherlands. This strategic acquisition aims to cement Kraken’s foothold in the European region while enhancing compliance with the changing regulatory climate. Kraken Acquiring BCM...
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Is SOL’s Price in Danger? $449 Million Worth of Solana Unstaked

Solana Compass has recently provided insights into the latest Solana (SOL) network activity, specifically during its 512 epoch. According to the website that tracks SOL staking activity, an estimated 19.637 million SOL tokens were unstaked during this period. In the recent Epoch 512, 19.637 million SOL were unstaked, with a net unstake of 16.516 million...
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Addresses Holding 0.1% of BTC Supply Saw Strong Net Inflows in Q3 2023: Report

A Q3 2023 on-chain report by crypto market intelligence firm IntoTheBlock revealed that addresses holding at least 0.1% of bitcoin’s (BTC) supply saw strong net inflows throughout the year’s third quarter. IntoTheBlock said these addresses recorded a single-day inflow of $600 million despite BTC plunging to $25,000, showing they are quietly bullish. Strong Net Inflows...
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Ethereum Offers Rebound Opportunities After Capitulation: Can Bulls Sustain The ETH Price Recovery?

In the wake of a broad market selloff yesterday, numerous altcoins, Ethereum included, touched their pivotal support levels. However, the sudden comeback of buyers’ interest in combating rising sell pressure facilitated an ETH price bounce from its sturdy support zone. At present, Ethereum’s price is showing bullish on-chain indicators, bringing confidence among those holding long...
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Stablecoin Market Cap Hits New All-Time Low Following 18-Month Downtrend: Binance

With the global cryptocurrency market struggling with the bears seemingly in control, stablecoins are also facing a tough time. Over the past 18 months, the stablecoin market capitalization has experienced a consecutive decline in valuation, Binance’s research division revealed. Stablecoin Market Cap Drops to $123.8B Citing on-chain analysis on the blockchain price tracking platform DeFiLlama,...
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Problem Solved: SHIB Telegram Admin Account is Secure Again

TL;DR The Shiba Inu team resolved a SHIB Telegram account hack, with security measures like two-factor authentication (2FA) implemented. A fake BONE token airdrop was promoted via the compromised account; Vet Kusama warned the community. Shiba Inu officials consistently alert the community about potential scams and advised caution with the SHIB-related Calcium (CAL) token. Fixing...
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Tale of Caroline Ellison: One of the Few Who Know The Truth About SBF

The prosecution and defense teams in the criminal trial against Sam Bankman-Fried (SBF), the indicted founder and former CEO of the bankrupt cryptocurrency exchange FTX, seem to be hinged on the testimony of Caroline Ellison, the former CEO of FTX’s sister trading firm Alameda Research. According to a Bloomberg report, both parties are seeking to...
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Bitcoin Hodler Growth Comparable to 2017 Cycle, Will BTC 10x in Next Bull Run? 

On Oct. 6, Capriole Fund founder Charles Edwards observed the hodl waves for long-term Bitcoin holders.  He noted that the recent massive growth in long-term Bitcoin holders is comparable only with 2016. The jump will have big consequences in 2024, he said adding that this was not seen in the last bull cycle, meaning that...
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RektBookie.ai Achieves 80% Success Rate in Predicting Sports Matches

[PRESS RELEASE – Singapore, Singapore, October 6th, 2023] RektBookie.ai, an innovative AI prediction and betting platform, is transforming the world of sports betting with its cutting-edge technology. Utilizing the power of artificial intelligence, RektBookie.ai delivers accurate and up-to-date betting odds to help users maximize their winnings. With its advanced algorithm and analysis of millions of...
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Crypto Lawyer Preston Byrne’s Shocking Revelation: Rejecting 13,000 ETH Offer

Tech Lawyer Preston Byrne became the talk of the crypto community when he revealed on Twitter that he was offered a substantial 13,000 ETH during Ethereum’s pre-mine phase. This revelation is particularly striking not only because of its dollar value—approximately $39 million at today’s ETH prices—but also for the ethical considerations that guided his decision...
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Gary Wang’s First Day in Court in SBF’s Legal Case: Details

FTX’s C-Suite has been, for the most part, cooperative with the authorities. Excluding Ryan Salame – who preferred not to say anything for the moment to avoid incrimination – and two other execs who left before the collapse and have not been accused of any wrongdoing, they’ve pleaded guilty and agreed to testify in court....
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BTCC Announces Major VIP Program Update with as Low as 0.01% Trading Fees

[PRESS RELEASE – Lithuania, Lithuania, October 6th, 2023] BTCC, a renowned cryptocurrency exchange with a long-standing presence in the industry, has recently made significant updates to its VIP program, aiming to provide more benefits to its users. The revised program offers reduced trading fees for all VIP customers and simplifies the requirements for tier upgrades....
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More Crypto Job Cuts: Ledger Downsizes Workforce by 12%

Paris-based cryptocurrency hardware wallet manufacturer Ledger is reducing its staff by 12%, citing macroeconomic headwinds and a prolonged bear market as reasons for its decision. The French company raised $109 earlier in 2023 million in a funding round to reach a valuation of around $1.4 billion. Ledger Chairman and CEO Paul Gauthier announced the news...
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Polygon Co-Founder, Jaynti Kanani, Takes a Step Back as Polygon 2.0 Gains Momentum

Jaynti Kanani, one of the co-founders of Polygon, recently announced that he would be stepping back from his day-to-day involvement with the project. This announcement arrives when developers are involved in realizing Polygon 2.0, a project aimed at seamlessly integrating zero-knowledge proofs. Kanani Announces Departure from Polygon Kanani, who played a pivotal role in the...
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Bitcoin (BTC) $ 97,439.11 4.18%
Ethereum (ETH) $ 3,131.79 0.25%
Tether (USDT) $ 1.00 0.10%
Solana (SOL) $ 241.61 1.36%
BNB (BNB) $ 609.33 1.07%
XRP (XRP) $ 1.13 1.90%
Dogecoin (DOGE) $ 0.382437 2.66%
USDC (USDC) $ 0.999976 0.07%
Lido Staked Ether (STETH) $ 3,128.67 0.26%
Cardano (ADA) $ 0.776893 7.74%