Crypto news

Microsoft revealed that malicious entities are getting more sophisticated by the day. According to a new report, Telegram chat groups are being used to target cryptocurrency investment companies. The tech giant identified a threat actor – DEV-0139 – who infiltrated Telegram groups posing as a representative of a crypto platform. Targetted Attacks Against Crypto Companies The post published by Microsoft’s Security Threat Intelligence team stated the threat actors had...

The broader cryptocurrency market didn’t see a major change in the past 24 hours, as its total capitalization remains the same. As we go into the weekend, it becomes clear that some cryptocurrencies performed really well throughout the week, so let’s dive in. Bitcoin Stable Above $17K The BTC price didn’t go through any major moves in the past 24 hours and remains above $17K. It’s worth noting, however, that it had increased up to $17,360 in the early afternoon yesterday, but...

INTERNET CITY, DUBAI, Dec. 9, 2022 – LBank Exchange, a global digital asset trading platform, has listed SILK on December 9, 2022. For all users of LBank Exchange, the SILK/USDT trading pair is now officially available for trading. As the first web3 esports with earnings, Spider Tanks enables players to earn for their play through its complex and brilliantly designed reward economy. Its native token SILK has been listed on LBank Exchange at 13:00 UTC on December 9, 2022, to further expand...

INTERNET CITY, DUBAI, Dec. 9, 2022 – LBank Exchange, a global digital asset trading platform, has listed PET CASTLE PROTOCOL (PCP) on December 9, 2022. For all users of LBank Exchange, the PCP/USDT trading pair is now officially available for trading. Building a blockchain-based pet community, Pet Castle Platform provides pet related online and offline services including Pet ID Card, Pet Business Card, and Pet Castle Urban Theme Park that consists of pet hospital, pet academy, pet beauty,...

MicroStrategy Executive Chairman Michael Saylor spoke on Tuesday about the layers of evil and mismanagement behind FTX’s collapse last month.  The executive accused the exchange’s former CEO, Sam Bankman-Fried, of both committing securities fraud through FTT, and using the asset as collateral to gamble away his depositor’s money. Dissecting the FTX Fraud In an interview with Patrick Bet David on Monday, Saylor – a self-proclaimed “Bitcoin Maximalist” – began by naming what he...

CryptoCom is the latest exchange to provide proof of reserves amid soaring demand for industry transparency stemming from FTX’s collapse.  The audit found that its customers’ balances for multiple top cryptocurrencies, including Bitcoin and Ethereum, are over 100% backed.  As the exchange announced on Friday, its proof of reserves featured an audit from Mazars Group – an independent crypto-focused advisory firm that also carried out Binance’s proof of reserves last month. ...

Binance CEO Changpeng Zhao (CZ) and ex-FTX boss Sam Bankman-Fried (SBF) traded barbs over Twitter on Friday as each contested the true nature of their private business dealings. During the exchange, Bankman-Fried asked CZ why he would “lie” about their situation, given he had already “won,” post bankruptcy. CZ’s Story CZ began with reference to Kevin O’Leary’s latest comments on FTX’s fallout.  In his interview with CNBC, the Shark Tank star suggested that FTX spent much of...

The former CEO of FTX – Sam Bankman-Fried – said he is “willing” to testify before the relevant US authorities on December 13. He vowed to shed more light on the reasons behind his exchange’s collapse and his own failures as a leader. The US House Committee on Financial Services claimed earlier this week that the FTX crisis caused colossal investor losses and urged Bankman-Fried to testify on the matter on December 13. SBF took it to Twitter to announce he is ready to satisfy...

With certain slight exceptions, the cryptocurrency market is found more or less where it was during the same time last week. The total capitalization sits at around $890 billion, according to data from CoinGecko and Bitcoin’s dominance is at 37%. Speaking of Bitcoin, the primary cryptocurrency went back and forth (just like the rest of the market, dipping below $17K on a few occasions throughout the week. However, the bulls were successful in reclaiming this important level,...

New York really doesn’t care about cryptocurrency, and the re-election of Governor Kathy Hochul is proof of this. New York Just Doesn’t Get It During this year’s midterm elections, Hochul ran against Lee Zeldin, who arguably had one of the most competitive republican campaigns in the Empire State in years. Right now, New York is facing a bill that’s been passed by the state legislature. The bill would enforce a moratorium on the crypto mining space and prevent all new digital currency...