HTX claws back $8M in stolen funds, issues 250 ETH bounty to hacker
HTX was drained of 5,000 ETH in late September, and moved swiftly to get the funds back from the hacker.
Posts published on October 7, 2023 go to media archive
Russian President Putin Says US Dollar-Based Global Financial System Is Collapsing
Stars Arena secures funds to plug $3M exploit, set to reopen after security audit
Stars Arena was hacked for roughly $3 million worth of AVAX tokens, with the hacker reportedly sending the funds to the Fixed Float crypto exchange.
Robert Kennedy Jr. Promises to End White House War on Bitcoin — Says We Need ‘Freedom Currency’ That Government Can’t Control
U.S. presidential candidate Robert F. Kennedy Jr. (RFK Jr.) has promised to end the White House’s war on bitcoin if he is elected President of the United States. “I’m going to make sure that bitcoin is protected, that people can keep their…
Tesla CEO Elon Musk Predicts ‘Comprehensive Overhaul’ of SEC With 100% Probability
Billionaire Elon Musk has called for a “comprehensive overhaul” of regulatory agencies, which includes the U.S. Securities and Exchange Commission (SEC). The Tesla and Spacex CEO added that there needs to be a commission to take punitive action…
SBF trial underway, Mashinsky trial set, Binance’s market share shrinks: Hodler’s Digest, Oct. 1-7
Sam Bankman-Fried trial is underway, Alex Mashinsky trial data is set, and Binance’s market share shrinks.
Backed Finance Tokenizes Treasury Bond ETF on Coinbase’s Base Network
Backed Finance, a real-world asset tokenization issuer, announced its successful issuance of the first tokenized security on Coinbase’s Base, a layer two (L2) blockchain. The team introduced bIB01 tokens to the decentralized finance (defi)…
Binance Announces UK Domain Compliant With New Crypto Promotion Rules
Crypto trading giant Binance has launched a new domain for U.K. customers under Britain’s updated regulations for financial promotions. The exchange will offer retail users in the country only those products and services that comply with the latest…
$8B Margin Mystery: Alameda’s Caroline Ellison to Testify Against Bankman-Fried Next Week
After hearing witness accounts in the FTX trial this week, proceedings will resume on Tuesday, October 10, 2023. Caroline Ellison, former CEO of Alameda Research, is reportedly slated to take the stand. Ellison’s testimony could be pivotal…
October Resurgence: Decade-Old Bitcoin Wallets Awaken, Moving Over $50 Million in Vintage BTC
Binance Immense XRP Holdings Exposed In Detailed Proof of Reserves Report
Binance, the largest crypto exchange in the world, just released its 11th report for its reserves, and the numbers are staggering as always. According to the report, Binance’s XRP holdings, in particular, have increased in the past month…
What is finality in blockchain, and why does it matter?
Finality ensures irreversible transactions — crucial for trust and security — prevents double-spending and fraud, and keeps blockchain records immutable.
3 reasons why Ethereum price can't break $2K
A bearish Ethereum fractal meets lower network activity as Ether's price struggles to break above $2,000.
Here’s How Sam Bankman-Fried Allegedly Used Customer Funds On Alameda Research
On day four of the criminal trial of former FTX CEO Sam Bankman-Fried, Gary Wang, who co-founded the now-bankrupt crypto exchange and served as its former chief technology officer (CTO), testified. During his testimony, the former FTX executive…
Biggest Movers: BCH, TRX Snap Losing Streak to Start the Weekend
Bitcoin cash was one of the big gainers to start the weekend, as the cryptocurrency ended a two-day losing streak. Overall, the momentum in the market was marginally higher, as traders continued to consume the latest U.S. nonfarm payrolls report…
Solana Outshines Rivals On Weekend Top 10 Roster With 18% Rally
Solana experienced a significant surge of approximately 20% during the last few days of September and into the first week of October. This sudden price increase has piqued the interest of investors and enthusiasts alike, sparking discussions about…
Avalanche-Based Stars Arena Falls Victim To A $3 Million Exploit, TVL Tanks By 100%
Stars Arena, a decentralized social media platform built on the Avalanche network, has suffered a major security breach, resulting in the loss of a significant amount of cryptocurrency. This comes barely a day after the decentralized application…
Bitcoin, Ethereum Technical Analysis: BTC Back Above $28,000 Following Comments from Joe Rogan, Sam Altman
Long and short positions, explained
Long positions involve buying assets to profit from price increases, while short positions entail selling borrowed crypto, aiming to repurchase it cheaper for profit.
Inside Job Suspected As Huobi Wallet Falls Victim To $263,000 Exploit
According to multiple reports, iToken, formerly known as Huobi Wallet, fell victim to a crypto heist in the last week, leading to the loss of $263,000 worth of users’ assets. The incident draws much attention following recent police…
Avalanche Social App Stars Arena Drained of $3M in AVAX After Hack
The newest viral application launched nearly a week ago and quickly gained a cult following.
When Are AMMs Coming To XRP Ledger? Ripple CTO Gives Clear Answer
Following the announcement that the AMM functionality would be proposed as an amendment under the latest rippled version, many in the XRP community have continued to wonder how soon it could be implemented if passed. As a result, Ripple’s Chief…
Bank of Korea and BIS Prepare Wholesale CBDC Pilot
The Bank of Korea and the Bank for International Settlements (BIS) have announced a new pilot that will test the functionality of a Korean wholesale central bank digital currency (CBDC), which will serve as a tool for banks to settle interbank…
House Republicans urge tighter export controls on advanced chips
The letter follows the unveiling of Huawei Technologies’ Mate 60 Pro smartphone, which incorporated advanced chips manufactured by China’s Semiconductor Manufacturing International Corporation.
Bitcoin Price: El Salvador Crypto Advisor Predicts Explosive Rise To $220,000
In a recent development, Bitcoin proponent and crypto advisor to El Salvador’s President Max Keiser has made a future prediction for the Bitcoin price, joining the ranks of analysts who have made bold assertions about the flagship cryptocurrency’s…
Chainalysis Lays Off More Staff in New Round of Crypto Job Cuts
Blockchain forensics firm Chainalysis is shedding a chunk of its workforce, the second time it’s doing so within this year. The news comes in a difficult period for the whole industry which saw a number of such moves in 2023, against the backdrop…
Elon Musk’s X platform faces backlash over XRP account suspension
Crypto Eri, a prominent figure in the cryptocurrency community, contacted Elon Musk on X, seeking clarification about the account suspension.
What Is ADA? A Brief History of the Proof-of-Stake Blockchain Network Cardano
On October 6, 2023, the cryptocurrency Cardano, known by its ticker ADA, is ranked as the eighth-largest in market capitalization, valued at just over $9 billion, or 0.817% of the $1.08 trillion cryptocurrency market. As the digital currency…