FTX and its sister company, Alameda Research, have deposited $24 million worth of digital assets onto exchanges Kraken and OKX, as reported by Spot On Chain today. Over the past few hours, FTX has deposited three different assets to the two exchanges days after transferring more to Binance, among other centralized exchanges. FTX and Alameda...Read More
A former trader from Jane Street, hired by Sam Bankman-Fried to contribute to FTX’s philanthropic efforts, is currently in a legal battle to secure the remaining portion of his 2022 bonus. Lawyers representing Ross Rheingans-Yoo claimed that the exchange had paid only $375,000 of his $650,000 bonus. They argued that FTX owes him $275,000 as...Read More
Cryptocurrency exchange Bitfinex has warned investors to exercise caution in their trading strategies as bitcoin (BTC) has entered a higher volatility environment. According to the latest edition of the Bitfinex Alpha report, BTC’s recent ascent to the $38,000 range may not last for a while, as on-chain metrics show that the digital asset could retrace...Read More
The fourth Bitcoin halving is fast approaching and is estimated to be just 157 days away. In the meantime, there is a notable tightness occurring in the supply of Bitcoin that has now reached unprecedented levels in its history. Glassnode’s latest report revealed that the ‘available supply’ is at historic lows, and rates of ‘supply...Read More
The latest cyberattack on Coin Cloud, the defunct Bitcoin ATM company, by an anonymous hacking group has raised alarming concerns about the physical safety of the exposed users. The hackers claim to have infiltrated 300,000 Coin Cloud customers of personal information, including critical details such as social security numbers, dates of birth, names, email addresses,...Read More
Began from Nov 9, the SEC has this unique “window” to give the thumbs up to all 12 spot Bitcoin ETF filings, even including Grayscale Investments’ conversion of its Grayscale Bitcoin Trust product by November 17. SEC Remains Silent Bitcoin enthusiasts and investors alike have been closely monitoring the Securities and Exchange Commission’s response to...Read More
Aave V3 markets have been unpaused by the Community Guardian, signaling the resolution of the issues that prompted the temporary measures. The move follows the execution of a governance proposal voted on earlier. Additionally, Aave V2 Ethereum is anticipated to be unpaused tomorrow, a decision accelerated due to block times on voting and operational considerations....Read More
One year after crypto exchange FTX collapsed, a group of ex-executives at the firm has teamed up to launch a new but similar platform, aiming to fix the issues that led to the company’s implosion. According to a report from the Wall Street Journal, former FTX general counsel Can Sun and ex-employees Armani Ferrante and...Read More
Bitcoin mining firm Core Scientific filed a disclosure statement for its third-amended bankruptcy recovery plan on Monday, which incorporates key terms from its Restructuring Term Sheet filed in late October. The new filing features a concrete timeline for how the firm will gain support for the plan from key stakeholders and emerge from bankruptcy before...Read More
A longtime Bitcoin investor and his father discovered last week that they were robbed of ~25 BTC ($919,000) in September that the family had held in a personal wallet since 2012. The online Bitcoin community is now coming to their aid, with the victim proposing a 23 BTC bounty to anyone who can recover the...Read More
Digital asset investment products saw inflows amounting to $293 million over the past week. This extended a seven-week streak of inflows surpassing the $1 billion milestone. Year-to-date inflows now stand at $1.14 billion, marking the third-highest annual inflows on record. Ethereum witnessed a massive turnaround in sentiment, welcoming its largest inflow since August 2022 of...Read More
Tether, the issuer of the world’s largest stablecoin USDT, is planning to launch five new projects in 2024, further expanding its reach beyond stablecoin issuance. Tether CEO Paolo Ardoino hinted at the new projects in a recent tweet, saying the company is “quite close” to adding “another extremely powerful piece of the puzzle” to its...Read More
THORChain, a native asset settlement protocol, is now the second-largest decentralized exchange (DEX). Its native token, RUNE, has experienced a significant increase over the last week amid the aforementioned development. THORChain Surges in Trading Volume Over the past week, THORChain has experienced a significant surge in trading volume, surpassing $1.325 billion. Data from DeFi Llama...Read More
A sophisticated phishing scam involving a counterfeit Skype application has resulted in the theft of a substantial amount of cryptocurrency, according to SlowMist, a prominent blockchain security firm. The investigation has also revealed a connection to a past phishing incident that involved the same domain previously posing as Binance. Phishing App Mimics Skype in Security...Read More
Bithumb is gearing up for its initial public offering (IPO). This comes weeks after the South Korean crypto exchange picked Samsung Securities as its underwriter, which is tasked with creating the prospectus, a legal document that furnishes comprehensive details about the initial public offering (IPO). Bithumb Eyes for IPO in 2025 According to a report...Read More
A wallet linked to the well-known exchange Binance has been breached, leading to a significant loss of $27 million. The incident primarily involved the theft of Tether (USDT) and was brought to light by the reputable on-chain investigator ZachXBT. ZachXBT Reveals $27M Crypto Heist on Binance-Linked Wallet According to on-chain detective ZachXBT, a cryptocurrency wallet...Read More
OneCoin’s head of legal and compliance Irina Dilkinska has pleaded guilty this week to wire fraud and money laundering charges in connection to the crypto scam that deceived and resulted in a $4 billion fraud. The DOJ said that the US District Judge Edgardo Ramos accepted Dilkinska’s guilty plea. According to the official press release,...Read More
Binance’s dominance over the centralized crypto exchange market has weakened over the past year, according to a new report from 0xScope. Estimates from the blockchain analytics firm suggest that Binance’s trading volume and other indicators are “around 10% lower overall,” while competition from OKX and other “second-tier exchanges” grows stiffer. Binance’s Second Tier Competitors Per...Read More
New Jersey’s U.S. Attorney’s Office has filed a civil forfeiture action against Christopher Castelluzzo and two other members of an unnamed drug trafficking group based in New Jersey. According to the filing, the other two members of the group are Luke Atwell – a friend and business partner of Castelluzzo’s who is currently serving a...Read More
The U.S. Securities and Exchange Commission (SEC) is struggling to recruit and retain crypto experts due to internal hiring restrictions, according to a new report from the agency’s Inspector General. The statement comes at a time when the SEC is highly focused on reigning in the blockchain industry, which its chairman Gary Gensler has described...Read More
Bitcoin miner Marathon Digital has continued its international expansion by launching a 27-megawatt Bitcoin mining project powered by renewable hydro energy near Paraguay’s Itaipu Dam. According to a press release, Marathon Digital launched the project in partnership with Penguin Infrastructure Holding, which aims to transform energy into human potential in Paraguay. The project’s first miners...Read More
The U.S. Securities and Exchange Commission (SEC) has fired back at Binance’s recent motion to dismiss the regulator’s lawsuit against the exchange, calling the latter’s arguments a “tortured interpretation of the law.” In an 88-page filing with the DC Circuit on Tuesday, the agency argued that Binance had ignored most of its core allegations in...Read More
Since FTX’s bankruptcy on November 11, 2022, significant developments have unfolded. FTX founder Sam Bankman-Fried has been swiftly convicted on seven criminal charges, potentially facing a prison sentence of up to 110 years. The federal criminal case, marked by unusual efficiency, resulted in a conviction within a year of FTX’s collapse and the initiation of...Read More
Upon the crash of Terra’s ecosystem a year and a half ago, the ripple effects harmed many digital asset companies in one way or another. Crypto lenders, such as BlockFi, Celsius, and Hodlnaut, were among the biggest victims, whether due to exposure to the failed project or inappropriate management. In the 18 months that followed,...Read More
For the first time in three months, the top 13 publicly traded crypto mining companies have sold more bitcoins (BTC) than they produced. According to Bitcoin mining research platform TheMinerMag, the liquidation-to-production ratio for miners like Marathon Digital, Core Scientific, Argo Blockchain, Bitfarms, Bit Digital, Hut 8, Iris Energy, and Terawulf was 105% in October,...Read More
Solana’s price is flying high again on crypto exchanges. However, regulated investors value SOL tokens at an astounding premium in Grayscale Solana Trust (GSOL). The average SOL price on crypto exchanges was just under $62 Saturday afternoon U.K. time, according to data from CoinGecko. That puts the smart contract blockchain platform up over 49% in...Read More
Crypto returned to the limelight of financial markets in 2023 – but for a reason less flattering than skyrocketing crypto prices. A new report from the Commodities and Futures Trading Commission (CFTC) shows that crypto-related charges accounted for over half of the agency’s total enforcement actions this year. Cracking Down on Crypto In its 2023...Read More
The Indian government has lost $420 million in what could have been a substantial revenue stream as a result of its taxation, forcing traders to move their transactions outside the country. Experts are now suggesting that the Indian government should take a more relaxed approach to its controversial stance on crypto taxation. According to a...Read More
In a shocking turn of events, a middle-aged Swedish couple fell victim to a violent home invasion orchestrated by a gang of masked men determined to steal their Bitcoin holdings. This incident, which unfolded earlier this week in the town of Rönninge, south of Stockholm, has highlighted the alarming trend of cryptocurrency-related robberies in Sweden....Read More
BitMEX founder Arthur Hayes believes Bitcoin and Ether are crypto’s reserve assets while everything else is a shitcoin. While he assured that he loves shitcoins and is not a maxi(malist), Hayes went on to add that the first stop is always BTC since “Bitcoin is money and only money.” Hayes talks about what to purchase...Read More
