Chirag Tomar, a 31-year-old Indian citizen, was sentenced to five years in federal prison for orchestrating a cryptocurrency fraud scheme that defrauded hundreds of victims out of more than $20 million. U.S. District Judge Kenneth D. Bell handed down the sentence, which also included two years of supervised release. Scammers Imitate Coinbase to Steal Millions...Read More
The stablecoin market is growing, increasing liquidity and stabilizing the crypto space. This growth can be seen in the two largest stablecoins, Tether USD (USDT) and USD Coin (USDC), which are now responsible for a large portion of the crypto market’s transaction volume. A tweet by the decentralized finance analysis platform IntoTheBlock revealed that USDT...Read More
[PRESS RELEASE – Newcastle upon Tyne, United Kingdom, October 18th, 2024] Today marks the official launch of KERORO, a new meme coin built on the Solana blockchain, which has debuted with a market cap of $4.5 million. Positioned within the meme coin market, KERORO draws on Solana’s high-speed, low-cost transaction capabilities to establish itself as...Read More
Radiant Capital has released a detailed analysis of the October 16 exploit that led to the loss of more than $50 million in user funds. According to the post-mortem, the attacker used highly advanced malware to poison transactions, enabling them to steal funds during a routine multi-signature process. Attack Methodology Exploited Common Errors It all...Read More
Bitcoin (BTC), the world’s largest cryptocurrency by market cap, has breached one of the largest consolidations and is poised for a significant upside rally. On October 18, 2024, BTC broke out of the large descending channel pattern it had been moving since March 2024. Bitcoin Technical Analysis and Upcoming Levels According to the expert technical...Read More
Litecoin experienced a mini-run, with the price surging above $73 for the first time since July. Over the week, the crypto asset attracted 12% in gains. This marks its first notable breakout from Bitcoin and altcoins since the spring. Litecoin Poised for a Comeback? According to Santiment’s latest analysis, two key factors appear to be...Read More
According to several online reports, the official X account of the restaking protocol EigenLayer appears to have been hacked. An October 18 post from EigenLayer’s social media account promoted a fake airdrop campaign targeting users eligible for a previous distribution. Fake Airdrop Claims Pseudonymous on-chain investigator ZachXBT was among the first to alert users, issuing...Read More
[PRESS RELEASE – Zug, Switzerland, October 18th, 2024] Polimec, a decentralized Web3 fundraising protocol on Polkadot, is excited to announce its integration with Banxa, a prominent fiat-to-crypto gateway. This integration allows users to invest in blockchain projects using credit cards, introducing a new user experience and making it easier for both experienced and new investors...Read More
A new perp listing for Goatseus Maximus (GOAT) – an AI meme coin – GOATUSDT – is now available to trade on BitMEX, with up to 50x leverage. Trading started here at 12:00 UTC on 18 Oct 2024. If you haven’t signed up for a BitMEX account yet, we’re currently offering up to $5,000 in...Read More
The eleven spot Bitcoin ETFs in the United States have collectively surpassed $20 billion in inflows this week. Thursday’s big inflow added to that total flow figure, which was $20.73 billion, according to Farside Investors. Bloomberg’s senior ETF analyst Eric Balchunas said that this was the most important number because it is the “most difficult metric...Read More
After much confusion and speculation, the Securities and Exchange Commission (SEC) has filed an appeal in its ongoing legal spat with Ripple Labs. The appeal is challenging parts of Judge Analisa Torres’ 2023 summary judgment, which found that Ripple’s sales of its XRP token to retail investors on crypto exchanges did not break U.S. securities...Read More
[PRESS RELEASE – Dubai, UAE, October 18th, 2024] DWF Labs, a prominent market maker and investor in the Web3 and digital asset space, is pleased to announce the expansion of their trading platform to include options trading on Web3 assets. This development marks a significant advancement in the range of financial instruments available to traders...Read More
The SEC’s recent appeal of the Ripple case has caused quite a stir in the legal community, with MetaLawMan and several key figures sharing their thoughts on X. The main point of discussion stems from two different dates on the SEC’s Form C, dated October 16 and file stamped on October 17, sparking confusion over...Read More
[PRESS RELEASE – San Franciso, United States, October 17th, 2024] Boba Network, a leader in multichain layer-2 scaling solutions, in collaboration with Thrive Protocol launched the Thrive Boba Ecosystem Grants, a program aimed at empowering developers, entrepreneurs, and creators building on Boba. This initiative offers $200,000 in BOBA tokens for projects that drive on-chain activity...Read More
Vitalik Buterin, the co-founder of the Ethereum network, has outlined several objectives paramount to the future development of the blockchain. These goals are tailored to improve The Surge, the second phase of Ethereum’s developmental roadmap, which aims at scaling the network using rollups. According to a blog post, Buterin’s solutions aim to fix the blockchain...Read More
