Crypto news

Sam Bankman-Fried, founder of cryptocurrency exchange FTX, is making a bold move in his ongoing legal battle. Bankman-Fried is seeking to shed light on the involvement of lawyers in what prosecutors have termed a “$200 million sham” involving Alameda Research, the hedge fund arm of FTX. Wang’s Testimony Sheds Light on Legal Structure of Alameda Loans Attorneys representing Sam Bankman-Fried are requesting permission to question FTX co-founder Gary Wang regarding the legal...

Robert Linus – project lead at Bitcoin development group ZeroSync – has proposed a new system allowing developers to “compute anything on Bitcoin,” giving it functionality more similar to its neighboring crypto network Ethereum. Unlike other proposals to expand Bitcoin’s capabilities, “BitVM” does not require any changes to Bitcoin’s code that could cause the network and community to contentiously rift apart. What is BitVM? According to the project’s whitepaper published on...

Israeli authorities have frozen several cryptocurrency accounts allegedly linked to the Palestinian militant group Hamas. The operation was carried out in collaboration with the crypto exchange Binance, highlighting an increasing global trend towards monitoring and regulating digital currencies to prevent their misuse for illicit activities. Binance Assists Israeli Police in Halting Crypto Financing for Hamas On Tuesday, a local media outlet, Calcalist, announced that the...

TL;DR Large XRP wallets increased their holdings to $7.9 billion from $7.16 billion in October 2022. Accumulation spiked after major crypto events, including the FTX meltdown and Terra’s LUNA and UST collapse. A positive outcome for Ripple against the US SEC could boost XRP’s price in 2024, alongside other favorable market factors. Buying XRP Amid the Reigning Uncertainty As revealed by the crypto behavior platform Santiment, wallets holding between 100K and 100M XRP have...

Ethereum, the second-largest blockchain network, suffered a substantial setback through a sandwich attack, losing over $9K. This data underscores an increasing problem of sandwich attacks in the crypto sphere, with over $1.3 million lost through such schemes in the past 30 days on the Ethereum chain. The Sandwich Attack According to Eigenphi’s data, on Oct. 9, the Ethereum network experienced a significant sandwich attack by the MEV bot (0x00…6B40), resulting in a profit of...

TL;DR US crypto exchange Uphold is offering 10,000 XRP (about $5,000) to a user who conducts $20 in eligible trades this October. Uphold had previously introduced a 4% XRP cashback for UK customers. XRP’s future bull run could be influenced by factors like adoption and the Ripple vs. SEC lawsuit outcome. Uphold’s XRP Distribution The US-based cryptocurrency exchange – Uphold – announced it will send 10,000 XRP to one of its users this month. Clients must conduct at least $20...

3Commas, a popular crypto trading bot, provides smart trading solutions for investors worldwide. Unfortunately, the popularity of the tool also makes it a big glowing target for bad actors, who are sometimes successful in their attempts at getting ahold of user data – or even the bot’s API data. Fortunately, the most recent attack was far more limited in scope. Unauthorized Trades Reported Towards the end of the weekend, 3Commas began receiving reports from users who saw that...

TL;DR Shiba Inu’s burn rate jumped 100%, with 46 million SHIB removed, making over 41% of its supply burned. Shibarium achieved one million blocks and gained 1.25 million wallet addresses in less than two months. SHIB’s price has dropped 5% in the past week despite these advancements. The Latest Burn The popular memecoin Shiba Inu continues to witness a significant number of assets removed from its total circulating supply. According to the latest data, the burning...

Ripple (XRP) hat sich in der Krypto-Welt fest etabliert und zieht weiterhin die Aufmerksamkeit von Investoren und Enthusiasten auf sich. Mit seiner einzigartigen Technologie und den Partnerschaften, die das Unternehmen knüpft, ist die Zukunft von Ripple durchaus vielversprechend. Hier sind einige Gründe, warum: 1. Schnelle und kostengünstige Transaktionen Ripple bietet schnelle, zuverlässige und kostengünstige Transaktionsmöglichkeiten. Im...

Bitcoin’s price has been consolidating below the $28K level over the last few days, failing to continue its momentum toward the $30K resistance level. The price is currently testing a key area and should be closely monitored. Technical Analysis By Edris The Daily Chart The BTC price has been trapped between the 50-day and 200-day moving averages on the daily chart, with the former located around the $27K mark and the latter near the $28K level. It is currently retesting the...