Crypto news

The popular DEX aggregator announced the launch of Fusion, which focuses on the 1inch Swap Engine and aims to enhance user experience with DeFi swaps. The team behind the project promised to deliver “almost limitless” liquidity and maximum user protection. The press release shared with CryptoPotato informed that 1inch Swap Engine “facilitates Fusion, which empowers DeFi users to place orders with a specified price and time range, paying no network fees.” 1inch Swap Engine is...

FTX appeared to be the golden player of the crypto space for the last three years, but some investors – including Alex Pack, who manages New York-based venture capital firm Hack VC – were never convinced of the company’s prowess, and they say the company showed serious “red flags” from the start. Alex Pack Says There Were Issues with FTX from the Beginning Pack first met Sam Bankman-Fried, the man behind FTX, roughly four years ago. At the time, Bankman-Fried had not...

Federal judge Ronnie Abrams, who used to oversee the case against Sam Bankman-Fried, Caroline Ellison, and Gary Wang, has formally recused herself. According to an order from December 23rd, Federal judge at the United States District Court for the Southern District of New York has recused herself from the action. The order states: It has come to the Court’s attention that the law firm of Davis Polk & Wardwell LLP, at which my husband is a partner, advised FTX in 2021, as...

The government of Australia has hinted it’s going to be implementing cryptocurrency regulations in 2023. The announcement comes on the heels of the FTX collapse, which will likely go down as one of the biggest embarrassments of the crypto space. Australia Could Regulate Crypto Next Year Australian Treasurer Jim Chalmers has stated that regulators are eager to ensure crypto traders remain protected. Chalmers acknowledges that digital currency trading in Australia is...

One of the most popular password management tools – LastPass – has recently been compromised, and cryptocurrency users may have been affected. With that in mind, it’s important to take reasonable action. First off, reports of LastPass being compromised started appearing yesterday. Some claim that customer details were leaked in data breaches, and these include contact details, company and customer names, as well as IP addresses. The breaches themselves took place back in...

The House Financial Services Committee has said that it is opening an investigation into fallen cryptocurrency exchange FTX and its disgraced head executive Sam Bankman-Fried. FTX Will Be the Subject of a Congressional Inquiry The announcement came from Maxine Waters, a democrat from California that heads the committee. She stated that the team also expects Bankman-Fried to testify on what occurred and hinted that Congress is using what happened with the company to get...

The Bitcoin-focused investment group, New York Digital Investment Group (NYDIG), released a report in September examining how Bitcoin’s protocol has managed to attract such wide adoption despite its tiny developer ecosystem.  Here are the highlights: The network, which launched in early January 2009, has only 40-60 monthly active developers, according to the report.  This is not a static bunch. 1,140 developers have contributed to Bitcoin over its lifetime, with 5 to 10 new...

The latest PCE data announced by the US yesterday brought little volatility to the crypto market, in which BTC dropped by a few hundred dollars but recovered almost immediately. The altcoins are still on a daily scale, with a few exceptions in the likes of Terra Classic, Decentraland, and Lido. Bitcoin Remains Chill at $17K Bitcoin dropped to a 3-week low on December 20 at $16,300 but reclaimed almost all lost value in less than a day. Another price decline two days later saw...

A recent report published by blockchain analytics firm Dune revealed that nearly 60% of non-fungible token (NFT) trading volumes this year were wash trades. Wash trading is a form of market manipulation in which a trader buys and sells a security to create the appearance of increased trading volume and activity in the market. In crypto, these activities involve buying and selling digital assets – fungible or non-fungible tokens – on trading platforms, intending to inflate...

In compliance with U.S. sanctions law, OpenSea – the world’s largest NFT marketplace – is delisting Cuban artist and collector accounts from its platform.  A recent statement from the company confirms previously held suspicions that its platform discriminates against Cuban users.  Compliance With Sanctions In an email received by Artnet News, an OpenSea spokesperson clarified that the company bars “sanctioned individuals, individuals in sanctioned jurisdictions, or services,”...