FTX has agreed to settle its lawsuit against Bybit, its executives, and investment arm Mirana, securing an expected $228 million to aid in repaying creditors. This recovered amount is expected to help the bankrupt exchange repay its creditors. FTX-Bybit: Closure in Sight The deal, outlined in an Oct. 24 court filing, brings closure to a...Read More
The advancement of computing power over the past few decades has been extraordinary. As computers become more powerful, hackers gain access to more sophisticated tools to launch attacks against crypto platforms. The threat of quantum and AI-driven hacks will soon be a major challenge for crypto entrepreneurs and developers. Web3 hacks are one of the...Read More
Investment inflows into digital assets reached a whopping $901 million in October, comprising 12% of assets under management and marking the fourth-largest monthly inflows to date. With these additions, year-to-date inflows have reached $27 billion – almost triple the 2021 record of $10.5 billion. US Political Climate Drives Bitcoin Inflows According to the latest edition...Read More
[PRESS RELEASE – San Francisco, United States, October 28th, 2024] Another set of EasyA hackathon winners (also known as “gigabrains”) are headed to Y Combinator. Artemiy Malyshau and Jeevan Juttla attended their first EasyA x Polkadot hackathon nearly two years ago, where they first started experimenting with the ideas that would later become Gecko Sec....Read More
MicroStrategy, known for its Bitcoin (BTC) investment strategy, recently catapulted into the top tier of the U.S. stock market, beating Amazon and Alphabet in daily trading volume for the first time. With $5.5 billion traded on October 25, the company seems to have cemented its place in mainstream finance, joining what its executive chairman calls...Read More
The Ethereum Foundation, a non-profit that supports the second-largest blockchain, has been scrutinized lately, with community members questioning why it sells rather than stakes its ether (ETH) holdings. Now, blockchain co-founder Vitalik Buterin has responded, providing detailed insights into why the organization chose to sell. Commitment to Ethereum Development It all started with an October...Read More
The GameFi market is poised for significant growth, projected to expand at an annual rate of 68%, as per the findings by Nansen analysts. In fact, the blockchain analytics firm predicted that this rapidly evolving sector is on track to reach $301.5 billion by 2030. Expansion of Blockchain Gaming According to the latest blog post...Read More
Less than a year after their launch, spot Bitcoin ETFs have recorded unprecedented growth, boosting investors’ interest and demand for the largest cryptocurrency. A recent report by Binance Research, the research arm of the global cryptocurrency exchange, revealed that bitcoin ETFs have accumulated over 938,000 BTC, worth $63.3 billion. This figure represents 4.5% of the...Read More
The world’s largest stablecoin issuer, Tether, has joined hands with authorities in the Swiss City of Lugano to unveil a new statue of the pseudonymous Bitcoin creator Satoshi Nakamoto at the third annual forum of the Plan ₿ initiative. According to a press release by Tether, the Satoshi Nakamoto statue embodies the Bitcoin creator’s mystery...Read More
A high-profile Russian influencer, popularly known as the “Queen of Crypto,” is under scrutiny for allegedly defrauding investors out of $22 million. According to various reports in the Russian press, Valeria Fedyakina, who made a name for herself as “Bitmama,” is accused of operating a pyramid scheme that ensnared multiple victims in only two months....Read More
Bitcoin has assumed its biggest price lead in recent history over the altcoin ecosystem, leaving Ethereum – its perennial number 2 – in the dust. The market capitalization of the OG crypto is now over $1 trillion greater than its runner-up, which has hit its lowest price point against its senior since early 2021. Bitcoin’s...Read More
The spot Bitcoin ETFs enjoyed another week of substantial inflows, with almost $1 billion entering the funds in the past five trading days. The same cannot be said about their Ethereum counterparts, which actually ended the week with minor losses. $1B Enters BTC ETFs Weekly CryptoPotato reported last weekend that the 11 spot Bitcoin ETFs...Read More
Grant Colthup, the former CEO of ACCE Australia, is facing a single fraud charge following an investigation by the Australian Securities and Investments Commission (ASIC). Colthup, who appeared in the Magistrates Court at Ipswich, Queensland, was charged with embezzling $1.47 million (2.2 million Australian dollars) from a customer. $1.5M Bitcoin Payment Goes Missing From May...Read More
In the ongoing struggling cryptocurrency market, a prominent crypto expert shares a bullish outlook for Chainlink (LINK) and suggests that LINK could soon skyrocket in the coming days. Chainlink (LINK) Price Prediction In a post on X (Previously Twitter), the expert noted that LINK could break out from the ascending triangle in the next 1...Read More
Reports have emerged that bad actors allegedly tied to North Korea’s Lazarus Group executed a complex cyberattack that used a fake NFT-based game to exploit a zero-day vulnerability in Google Chrome. According to the report, the vulnerability ultimately allowed the attackers to access people’s crypto wallets. Exploiting Chrome’s Zero-Day Flaw Kaspersky Labs security analysts Boris...Read More
[PRESS RELEASE – British Virgin Islands, British Virgin Islands, October 26th, 2024] The digital era has opened up countless opportunities for creators and entrepreneurs to showcase their talents, reach new audiences, and grow their businesses. LayerK plays a vital role in this ecosystem by providing the tools and resources that digital creators need to thrive....Read More
The cryptocurrency sector comprises various legitimate projects and innovations but is also rife with fraudulent schemes. One such scam reportedly pocketed billions of euros from its unsuspecting clients after using popular football players as backers. Painful Losses Following the Footballers’ Involvement El Diario – a Spanish digital newspaper known for its investigative journalism – recently...Read More
Bitcoin continues to lead in terms of the longest average holding period. However, one crypto asset has outpaced major assets like Ethereum in this metric, highlighting its sustained appeal among long-term investors. According to the latest data compiled by IntoTheBlock, Bitcoin leads with an “average HODL time” of 4.4 years. This aligns with its popular...Read More
While bitcoin demand among large investors is picking up as time passes, smaller market players are lagging. According to a CryptoQuant report, the holdings of retail bitcoin investors are growing at a historically slow pace, even as this cohort of players gradually returns to the market amid BTC’s ascent to the $70,000 level. Retail Investor...Read More
[PRESS RELEASE – Miami, Florida, October 25th, 2024] Valhalla, Floki’s PlayToEarn Massively Multiplayer Online Role-Playing Game (MMORPG) blockchain game, has teamed up with the Hong Kong International Cricket Sixes as its official partner, marking the much-anticipated return of the tournament after a seven-year break. From November 1 to November 3, top international teams will face...Read More
[PRESS RELEASE – Tortola, British Virgin Island, October 25th, 2024] Aark Digital recently experienced a security incident in which an unauthorized party accessed and withdrew approximately 1,386,085 USDC and 24.143 ETH. In response, the project has launched 24/7 recovery efforts, while also implementing additional security measures to safeguard against any further unauthorized activity. As part...Read More
The Pennsylvania House of Representatives passed a bill on October 24 to establish regulatory clarity for digital assets like Bitcoin (BTC) within the state. Known as House Bill 2481, or the “Bitcoin Rights” bill, the legislation passed with strong bipartisan support, receiving a vote of 176 to 26, including all 100 Republicans and 76 Democrats....Read More
EMURGO – the blockchain project advancing Web3 adoption on the Cardano blockchain – announced a strategic collaboration with BitcoinOS (BOS), a smart contract operating system built for Bitcoin. The latest move aims to provide Cardano DeFi users with access to Bitcoin’s capital, valued at $1.3 trillion, without relying on third-party intermediaries. The first technical collaboration...Read More
The U.S. federal government is investigating Tether – issuer of the world’s largest stablecoin, USDT – for possibly violating anti-money laundering rules and sanctions, the Wall Street Journal reported on Friday. Following the news, Bitcoin’s price plummeted from $68,600 to $66,589 at writing time.Prosecutors at the Manhattan U.S. attorney’s office are investigating whether the USDT...Read More
Following a successful vote, Lido DAO has given the go-ahead to activate the Community Staking Module (CSM) on the Ethereum Mainnet. As the first Lido Protocol feature to allow open access, CSM aims to allow a broader range of participants to operate Ethereum validators, even with minimal technical experience and less than 32 ETH. Boosting...Read More
Bitcoin’s whale wallets – defined as those holding 100 or more BTC – have increased by 297 lately. The latest figure represents a 1.9% rise in the past two weeks. On the other hand, wallets containing less than 100 BTC have decreased by 20,629, a decline of 0.1% during the same period. Bitcoin Whales Signal...Read More
Amid increased uncertainty in the crypto market, the Artificial Intelligence (AI) category has recorded a correction of 1.79% and is currently valued at $34.25 billion. Moreover, it has recorded a 24-hour trading volume of $1.15 billion, a change of -17.81%, indicating increased bearish sentiment. Planning on investing in the Artificial Intelligence (AI) category during the...Read More
It is widely known that the majority of the crypto community supports Republican presidential candidate Donald Trump due to his friendly views on digital assets. They believe his emergence as the next United States president would give room for favorable regulations. Hence, traders are betting big on Trump’s chance of winning in early November. Large...Read More
A staggering $20 million in cryptocurrency linked to U.S. government addresses has been moved to a new wallet, raising alarms about a potential theft. The transactions originated from the government-controlled Bitfinex Hack Wallet, which housed part of the funds recovered from the 2016 attack on the Bitfinex crypto exchange. This resulted in a loss of...Read More
Ripple Labs has stepped up its legal battle with the U.S. Securities and Exchange Commission (SEC) after filing its Civil Appeal Pre-Argument Statement, also known as Form C. The filing comes only days after the SEC entered a last-minute appeal against several parts of a 2023 judgment which found that Ripple’s programmatic sales of its...Read More