Crypto news

In a recent string of incidents, users of FriendTech (FT) have reported instances of unauthorized access to their accounts, resulting in the theft of their valuable digital assets. These security breaches have raised significant concerns regarding the vulnerabilities of the centralized service, prompting SlowMist’s founder to issue a warning about the inherent risks associated with utilizing the platform. Twitter User Loses 22 ETH in FriendTech Hack The initial occurrence was...

Coinbase-incubated layer-2 blockchain, Base, witnessed a dramatic rise, even briefly outshining Ethereum mainnet. Based on Optimistic Rollup and developed on the Ethereum network, Base utilizes OP Stack tech that has added to its appeal owing to the growing demand and popularity of alternatives in the ecosystem. However, its TVL has taken a hit in the past week. According to data from L2Beat, the total value locked in Base Network fell by more than 18.28% to $437 million in...

TL;DR BTC’s year-end price may be affected by macroeconomic factors and regulatory changes, particularly the possible approval of a Bitcoin ETF in the US. Market sentiment, endorsements from influential figures, and technical analysis could also drive short-term BTC rallies. Predictions range from BTC reaching $120,000 to $150,000 in the coming years, with the BTC halving event in 2024 considered a potential catalyst. BTC’s Catalysts at the End of the Year There are various...

The recent developments in the Celsius case show that the embattled crypto lender is currently in court seeking final approval to initiate customer repayments by year-end and gain complete approval for its reorganization plan. During a court hearing on Oct. 2, Christopher Koenig, the company’s legal counsel, stated that a new entity called NewCO will emerge with approximately $450 million in seed funding once the reorganization is approved. Restructuring and Repayment Plans...

Alex Mashinsky – former boss of defunct crypto lending firm Celsius – is scheduled to begin his criminal fraud trial on September 17, 2024. US District Judge John Koeltl confirmed the news during a hearing on Tuesday, adding that there will be three pretrial conferences in March, July, and September. In the meantime, Mashinsky will remain free on $40 million bail, while still subject to electronic monitoring and major restrictions on expenditures over $10,000. Mashinsky is...

The social media account with the username @satoshi has recently broken its silence on X, marking its first post since 2018. This unexpected return has sparked curiosity and speculation within the cryptocurrency community, considering that “Satoshi Nakamoto” is the pseudonym attributed to the individual or group behind the creation of Bitcoin. Satoshi’s Account Resurfaces After 5 Years @Satoshi, the handle for a verified account under Satoshi Nakamoto, has tweeted for the...

Cardano has witnessed significant development activity in September, with developers consistently fueling the network’s advancement. According to the latest chart posted by CryptoDep using Santiment’s data, Cardano topped the chart for developer activity over the past 30 days with an impressive score of 572, even during the crypto market slowdown. As such, the network continues to eclipse several prominent projects such as Polkadot, Hedera, Chainlink, and Cosmos. Cardano...

It remains unclear whether the Orama purchase will directly result in the development of crypto-related products and services at BTG Pactual. Banco BTG Pactual SA Unit (BVMF: BPAC11), Brazil’s biggest investment bank, recently announced it has acquired 100% of the share capital of Orama DTVM, a prominent independent distributor for R$500 million (worth about $99 million). BTG Pactual and Orama Form a Strategic Alliance Orama, with more than R$17.9 billion ($3.6 billion) in assets under...

[PRESS RELEASE – London, United Kingdom, October 3rd, 2023] Metacade, the world’s first community-led gaming platform, has confirmed a collaboration with Polygon Labs, focused on driving user acquisition, testing and the adoption of 100’s of new games and customers on the Polygon protocols. The move opens up the brand to a significant global audience of gamers on the biggest gaming blockchain to add to the already vibrant community of gaming enthusiasts on Metacade....

[PRESS RELEASE – Saint Vincent, the Grenadines, October 3rd, 2023] The leading crypto derivatives DEX, ApeX Protocol, has launched the ApeX Bot, marking a significant milestone as the inaugural L2 DEX Telegram (TG) bot catering to derivatives trading within a decentralized framework. Its standout feature is its utilization of the revolutionary Bot Key solution, developed in-house by the ApeX team. This cutting-edge technology serves as a robust defense mechanism, mitigating...