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Ethereum (ETH)

FTX Stablecoin Reserves Dwindle After Binance Promises to Sell FTT

Crypto exchange FTX is rapidly losing stablecoin liquidity after Binance CEO Changpeng Zhao (CZ) announced his company’s full exit from its FTT position on Sunday. ETH withdrawals from FTX have also tapped an all-time high, possibly signaling worry among depositors about the safety of their funds.  FTX Withdrawal Wave According to a tweet thread from CryptoQuant CEO Ki Young Ju,  FTX currently has $104.9 million worth of stablecoins in its on-chain reserves. Yesterday, he...

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Deribit Hacker Has Started Moving the Stolen $28M to Tornado Cash

Less than a week after exploiting the leading cryptocurrency derivatives exchange Deribit, the attacker started moving the stolen funds. As of November 5, the hacker had moved 1,610 Ether (ETH) worth over $2.5 million to the U.S.-sanctioned crypto mixer Tornado Cash, leaving a balance of about 7,501 ETH in the address. What Happened? On November 2, CryptoPotato reported that Deribit lost $28 million in a hot wallet exploit. The hacker made away with crypto assets such as...

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BC.GAME Invests 700 ETH in NFTs for a Better Metaverse

BC.GAME has invested 700 ETH in multiple NFTs with the ultimate goal of boosting the metaverse and iGaming sector. The ETH amount has been spread into 5 BAYC, 3 CryptoPunks, 1 Clonex, 2 Azuki, and 3 latest Art Gobblers. The cost of 700 ETH is believed to help the crypto industry provide a better metaverse ecosystem for its users. In the context of boosting the metaverse ecosystem, BC.GAME developed a new crypto iGaming platform that supports multiple chains and web3...

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Dark Side of Crypto: 98% of Projects Listed on Uniswap Are Scam (Study)

A new study has found nearly all crypto projects listed on Uniswap between 2018 and 2021 were malicious and scam-related.  The study titled DO NOT RUG ON ME: ZERO-DIMENSIONAL SCAM DETECTION, was conducted by three researchers; Bruno Mazorra, Victor Adan, and Vanesa Daza from the University of Pompeu Fabra and the University of Barcelona.  Could Uniswap Be Housing Fake Projects?  Uniswap was created in 2018, and the protocol describes itself as a growing network of...

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BC GAME Invests 700 ETH in NFTs for a Better Metaverse

[PRESS RELEASE – Please Read Disclaimer] BC.GAME has invested 700 ETH in multiple NFTs with the ultimate goal of boosting the metaverse and iGaming sector. The ETH amount has been spread into 5 BAYC, 3 CryptoPunks, 1 Clonex, 2 Azuki, and 3 latest Art Gobblers. The cost of 700 ETH is believed to help the crypto industry provide a better metaverse ecosystem for its users. In the context of boosting the metaverse ecosystem, BC.GAME developed a new crypto iGaming platform that...

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Monkey Drainer on Hacking Spree, Steals Another 520 ETH Worth NFTs

Monkey Drainer has wreaked havoc yet again after stealing $800k worth of seven Crypto Punk and twenty Otherside NFTs, according to on-chain sleuth ZachXBT. Blockchain security firm, PechShield, also confirmed that the theft was carried out by a wallet tagged as Monkey Drainer. The stolen funds were then transferred to the coin mixer Tornado Cash. ZachXBT also revealed that Monkey Drainer was recently used when both AJT and Gabriel Leydon were sim swapped. He added, “Prior to...

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Coinbase and Google Partner in the Name of Crypto Payments

Google – the king of search engines – is partnering with Coinbase – the king of digital currency exchanges – to allow customers to pay for cloud services with crypto assets like bitcoin, Dogecoin, Litecoin, and Ethereum. Google Is Partnering with the Leader of Crypto Trading The move is pushing the goals of bitcoin and its digital counterparts closer to being achieved. What many people likely forget is that while bitcoin and many of its crypto cousins have taken on...

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