OpenSea ‘unaware’ of any involvement of former exec in $60M rug pull
A former OpenSea employee has been accused of assisting the infamous AnubisDAO rug pull in 2021; however, some commentators have raised doubts.
Posts published on October 8, 2023 go to media archive
Gold-Backed Digital Tokens Now an Approved Payment Method Says Zimbabwean Central Bank
Zimbabwean residents and institutions can now pay or settle domestic transactions using the recently launched gold-backed digital tokens, the central bank has said. Bank governor John Mangudya said the central bank has enlisted the services of…
Litecoin Price Prediction: LTC Could Retest $60 Before Fresh Surge
Litecoin price is struggling to gain pace above $66.40 against the US Dollar. LTC could revisit the $60 support before the bulls take a strong stand. Litecoin is correcting losses from the $63 support zone against the US Dollar. The price is now…
Crypto exchange Upbit targeted by hackers 159K times in H1: Report
The figure is more than double recorded in the first half of 2022 and a massive 1,800% increase from the same period in 2020, according to Dunamu.
Ethereum Price Topside Bias Vulnerable Unless It Surges Past $1,665
Ethereum price is slowly moving lower toward the $1,600 support against the US dollar. ETH remains at risk of more losses unless it clears $1,650 and $1,665. Ethereum is struggling to stay above the $1,600 support zone. The price is trading below…
Gitcoin screws up transfer, sends $460K to unrecoverable address
Gitcoin’s project lead said the snafu has resulted in nearly half a million dollars of funds being locked in a one-way contract address.
US consumer watchdog mulls applying e-banking laws to crypto
The head of the U.S. financial consumer watchdog says it’s looking to issue guidance on how crypto could fall into electronic fund transfer laws.
DOJ Wants to Block Sam Bankman-Fried From Bringing Up Anthropic AI Raise in Court
The U.S Department of Justice wants the judge overseeing its case against Sam Bankman-Fried to block the defense team from introducing any evidence that his stake in artificial intelligence company Anthropic will benefit FTX creditors after the…
Bitcoin Price Could Restart Increase But Can Bulls Send BTC To $30K?
Bitcoin price is eyeing a fresh increase toward the $28,500 resistance. BTC could start a strong increase if it clears the $28,500 resistance zone. Bitcoin is holding gains and showing positive signs above the $27,450 zone. The price is trading…
FTX used Python code to fake its insurance fund figure: Gary Wang
FTX’s so-called “Backstop Fund” figure was a big lie, according to the former chief technology officer of the crypto exchange.
Chatgpt Maker Openai Mulling Own AI Chips, Report Unveils
Openai, the developer of Chatgpt, is considering ways to overcome the shortage of chips needed to power its artificial intelligence (AI) product. One of the options that’s being discussed in the company, according to a recent media report, is to…
Bitcoin is a ‘super logical’ step on the tech tree: OpenAI CEO
During an episode of The Joe Rogan Experience, Altman expressed his excitement for Bitcoin and also said he was “super against” CBDCs.
Berkshire Vice Chair Charlie Munger Warns Most Crypto Investments Will Go to Zero
Warren Buffett’s right-hand man and the vice chairman of Berkshire Hathaway, Charlie Munger, has expressed his belief that the majority of cryptocurrency investments will become worthless. Regarding bitcoin, the executive opined…
Joe Rogan Says Bitcoin Is the Most Likely Contender for a ‘Universal Viable Currency’
Social On-Chain App Stars Arena Suffers $2.9 Million Hack; Team Secures Funds to ‘Close the Gap’
Stars Arena, an on-chain social app built on the Avalanche blockchain, suffered a $2.9 million hack Saturday, when hackers took advantage of a vulnerability in its smart contract, draining funds. Stars Arena’s team has already announced that…
NFTs Can’t Catch a Break as Protracted Drop in Sales Continues
For the seventh week straight, non-fungible token (NFT) sales have slipped further. In the last week alone, NFT transactions totaled $66.11 million, marking an 11.65% decline from the previous week. NFT Sales Bleed Out: The Unrelenting Seven-Week…
Bitcoin Lingers in a ‘Neutral’ Phase as the Fear and Greed Index Signals Market Consolidation
Bitcoin Price At Risk? Whale Transfers $137 Million In BTC After 3-Year Dormancy
Whales are some of the most relevant entities in the Bitcoin market because of their potential influence on the Bitcoin price through large-volume transactions. Investors and traders often look out for whale transactions, which can trigger a domino…
The Rise and Retreat: Bitcoin’s Ordinal Inscription Wave Ebbs
Since September 25, 2023, the trend of Bitcoin-based Ordinal inscriptions has notably waned, hitting its most subdued levels since mid-April. On October 3 and 4, fewer than 17,000 inscriptions made their mark on Bitcoin’s distributed ledger…
Coinbase Ranks As Second Largest ETH Staking Entity As Lido’s Dominance Raises Concerns
Prominent crypto exchange Coinbase has emerged as the second largest ETH staking entity based on a recent scoop by Chinese reporter Colin Wu. This development comes amidst growing concerns about network centralization in regard to Lido’s dominance…
Ian Freeman Sentenced for Selling Bitcoin Without License, Judge Swats Down SEC Appeal in Ripple Case, and More — Week in Review
Dogecoin In A Dire Position As Daily Active Addresses Drop Drastically
Dogecoin, which began as a meme cryptocurrency, has demonstrated that it can compete successfully in the crypto market. Although Dogecoin is still the biggest meme crypto, on-chain data points to the crypto losing steam among whale investors…
Ripple CTO seeks community consensus for XRPL AMM feature adoption
David Schwartz stated that the changes could be implemented in as little as two weeks if a majority supports the amendment.
Crypto Cards Still an Option to Spend Digital Cash in Fiat Environment
Rising regulatory pressures may have limited crypto cards on offer but they remain a viable way to pay with coins where only fiat is accepted. With them, you spend crypto and that’s without the need to exchange it beforehand as it often…
Bitcoin bulls encircle $28K as trader says ‘big’ buyer must step in
Bitcoin might have difficulty breaking through a key resistance zone of its own accord, end-of-week analysis predicts.
Pro-XRP lawyer John Deaton slams Sam Bankman-Fried sympathizers
He suggested that such sympathizers should not be considered for interviews with prominent television shows like CBS’s 60 Minutes.
Certik Study: $332 Million Lost to Exploits, Hacks and Scams in September, More Than $1.3 Billion Lost in 2023
In the month of September, digital assets worth approximately $332 million were siphoned from trading platforms via methods that include flash loan attacks, exit scams, and exploits. The value of digital assets stolen through exploits rose from…