Base DeFi project disappears after rug pull
BaseBros Fi, a DeFi protocol on the Base blockchain, vanishes after stealing user funds via an unaudited contract.
Posts published on September 16, 2024 go to media archive 4/4
DeFi platform Delta Prime suffers $6M breach
The ongoing hack has already netted the attackers over $6 million worth of stablecoins, which have been swapped to ETH by the attacker.
Analyst Sounds Warning For Bullish Investors, Says Solana Will Crash 42% To $80
Solana has gotten a bearish warning despite being one of the best performers over the last year. This prediction goes against the grain of current speculation where a rise to as high as $1,000 has been forecasted for the price. But it seems not…
Bitcoin Slips to $58K as Fed Faces Split Rate Cut Expectations
"Rarely has the market gone into the Fed meeting with maximum uncertainty (halfway between 25bps and 50bps)," Marc Chandler, chief market strategist at Bannockburn Global Forex
Bitcoin, Ether Plunge 5% Ahead of Widely-Anticipated Fed Rate Cuts
PLUS: Sony’s Soneium blockchain is growing, with Circle announcing that USDC will be listed on the chain.
Weekend Wrap: Circle blacklists Lazarus, Ethereum researcher exits and more
Circle is the fourth stablecoin issuer to blacklist Lazarus Group-linked wallets, but a blockchain analyst has called out the firm for doing so months after other stablecoin issuers.
US lawmakers urge top crypto ATM operators to tackle fraud
Seven Democratic US Senators have sent letters to ten of the country’s biggest Bitcoin ATM operators urging them to address fraud against elderly Americans.
ETH falls 6% amid Trump assassination attempt, looming rate cuts, ‘FUD’ wave
Ether’s price in Bitcoin terms has also fallen to its lowest level since April 2021.
Dogecoin (DOGE) Trims Gains, Can This Key Support Hold Losses?
Dogecoin started a fresh decline from the $0.1085 resistance against the US Dollar. DOGE is struggling and might soon test the $0.0980 support. DOGE price is gaining bearish momentum below $0.1035. The price is trading below the $0.1020 level and…
Bank of Russia to Launch Digital Ruble Payment Infrastructure by July 2025
The Bank of Russia aims to open the payment infrastructure for the Russian central bank digital currency (CBDC), the digital ruble, by July next year. Larger banks will offer digital ruble accounts and services by this deadline, with smaller…
Circle partners with Sony’s blockchain lab on USDC expansion
The firm says it wants to make its stablecoin the standard for Web3 creators using Sony’s new layer-2 blockchain.
Latam Insights: Brazilian Federal Police Cracks Down on $9.7 Billion Crypto Money Laundering Rings, Brazil Uses AI to Detect Crypto Tax Fraud
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue, Brazilian police dismantle $9.7 billion crypto laundering rings, Brazil uses an artificial intelligence (AI)…
XRP Price Falls Below Support, Bearish Momentum Builds
XRP price started another decline from the $0.5980 zone. It is gaining bearish momentum and might drop below the $0.5500 support zone. XRP price failed to clear the $0.60 resistance zone and trimmed gains. The price is now trading below $0.5720 and…
Ethereum Price Nosedives Over 5%, Pressure Mounts on Bulls
Ethereum price is down over 5% and trading below $2,350l. ETH is signaling an increase in selling pressure and might drop to $2,120. Ethereum started another decline after it failed to clear $2,450. The price is trading below $2,320 and the…
Former Commerce Secretary Warns US Headed for Recession
Former Commerce Secretary Wilbur Ross has warned of an impending U.S. recession due to the lingering effects of pandemic-related stimulus. While Wall Street maintains a more optimistic outlook, citing strong GDP and low unemployment, Ross argues…
Flappy Bird creator disavows revived game that hints crypto ties
The new owners of the trademark Flappy Bird trademark say it’s coming back, and deleted web pages suggest it could have something to do with crypto.
‘Explosion’ in election gambling will harm public interest: CFTC
The US commodities regulator says prediction markets can be vulnerable to “spectacular manipulation.”
Bitcoin Price Flashes Downside Break: Will Bears Take Over?
Bitcoin price failed to clear the $60,650 resistance. BTC is now correcting gains and might decline toward the $57,500 support zone. Bitcoin is correcting gains and trading well below the $60,000 level. The price is trading below $58,800 and the…
FBI Seizes Websites Linked to Crypto Recovery Fraud
The Federal Bureau of Investigation’s San Diego office has seized websites linked to three fraudulent cryptocurrency recovery services. The scam preys on victims of crypto fraud by promising recovery of lost funds, often charging significant…
SEC Regrets Confusion Over ‘Crypto Asset Securities’ — Ripple and Coinbase Weigh In
Coinbase and Ripple legal chiefs, Paul Grewal and Stuart Alderoty, have criticized the U.S. Securities and Exchange Commission (SEC) for its inconsistent approach to classifying tokens as securities. Grewal referenced Footnote 6 in the SEC’s…
JPMorgan CEO Warns of Recession Threat, Higher Inflation, Stagflation
JPMorgan Chase CEO Jamie Dimon has raised concerns about stagflation despite signs of easing inflation. Dimon highlighted ongoing risks such as rising deficits and government spending that could pressure inflation. The JPMorgan executive warned…