Crypto news

New York Judge Peter Castel of the US District Court ordered the defunct crypto exchange FTX and sister firm, market maker Alameda Research, to reimburse defrauded creditors by $12.7 billion. The suit was brought by the Commodities and Futures Trading Commission (CFTC) on December 21, 2022, and finally concluded on August 8, providing respite to those who lost their funds during the FTX collapse. The court found that “the FTX Entity Defendants commingled assets and freely used assets...

Following a significant drop to the crucial support region of $0.43, Ripple encountered increased buying pressure and saw a substantial surge, pushing the price back above the 100 and 200-day moving averages. This recent action has left market participants uncertain about XRP’s overall direction, with the upcoming movements likely providing clarity. By Shayan The Daily Chart An in-depth look at Ripple’s daily chart shows that after a sharp decline below the 100 and 200-day...

[PRESS RELEASE – Ohio, United States, August 10th, 2024] GramSlamsCrypto (GSLAM), the pioneering crypto project by Tomahawk Foods Inc., is excited to announce its expanded availability across four major cryptocurrency exchanges: UNISWAP, DIGIFINEX, BITMART, and LBANK. This strategic expansion enhances accessibility and trading opportunities for crypto enthusiasts around the globe. About GramSlamsCrypto (GSLAM) GramSlamsCrypto (GSLAM) is uniquely positioned in the marketplace...

Jump Trading’s crypto vertical Jump Crypto unstaked and sold another 11,501 ETH worth $29 million, leaving it with another $63 million to sell. Out of the $63 million, it has already unstaked $48 million of ETH in preparations to sell. The market maker was heavily called out for unstaking and moving its ETH to exchanges over the past weekend as crypto prices dropped tremendously due to macroeconomic factors. Such large amounts sold by those with significant holdings add tremendous selling...

The Montenegro Supreme Court has halted the extradition process of Do Kwon to South Korea. This decision came after the Supreme State Prosecutor’s Office appealed a previous court ruling that approved his extradition. The suspension will stop the proceedings while the Supreme Court reviews the case. The extradition case is complex, and there are many legal loopholes present in the case. Several decisions relate to the extradition of Do Kwon to the United States and South Korea. The...

Nexera, a DeFi protocol, was hacked for $1.5 million on August 7, according to blockchain security firm Cyvers. It revealed the exploit in an X post, “Hey @Nexera_Official, Our system has detected a suspicious transaction involving your proxy contract. An address took ownership of your proxy contract and upgraded it. Shortly after, the address used the withdraw admin function to transfer all the $NXRA tokens.” The protocol connects DeFi with traditional finance, enabling the tokenizing of...

BTC tumbled to the $49,000 mark over the last weekend as its price was severely affected by Japan’s Nikkei taking a bloodbath. US stocks also took a massive beating in the process. BTC has since recovered to some degree, trading over $56,000 at the beginning of the week and eventually reclaiming the $60,000 mark. Through this undesirable scenario, Bitcoin whales, or wallets holding over 1,000 BTC, pushed through without selling. In fact, wallets holding between 1,000 and 10,000 BTC remained...

Popular gaming-related blockchain Ronin, the home to massive titles like Axie Infinity, was exploited on Tuesday, August 6. Onlookers assumed that a hacker made away with 3,996 ETH worth $9.8 million locked in the blockchain. Blockchain security company PeckShield took to X to provide some good news about the exploit. It stated that the exploit may have been executed by a white hat hacker. Its post read, “#PeckShieldAlert @Ronin_Network #whitehacked? or Hacked? (w/ ~ $9.33M).” White hat...

Former President Donald Trump, now a presidential candidate, has made Bitcoin a central focus of his campaign, promising to make the US a global crypto leader. Building on his father’s recent pivot toward crypto, Donald Trump Jr. is developing a new decentralized finance (DeFi) platform to address banking access inequality. Trump Jr Targets the Debanked On August 8, in a Q&A session hosted on Locals, Trump Jr., the eldest son of presidential candidate and former President...

Stablecoin issuer Tether intends to double its workforce within the next year to strengthen areas such as compliance. By mid-2025, the company behind the USDT stablecoin anticipates expanding its headcount to approximately 200 employees, according to Chief Executive Officer Paolo Ardoino. Tether also plans to increase staffing in its finance department, which oversees the $118 billion in assets backing USDT. Tether’s Workforce Expansion With a relatively small team, Tether...