Markets

Just yesterday, Live Bitcoin News put out an article talking about a Russian crypto executive running an unlicensed money transmitting business. Known as Bitzlato, the crypto exchange was an unregistered trading platform for those who sought to use digital assets to obtain illicit products. The exchange also did very little to obtain necessary information about its clients and customers. Now, it looks like Binance – the world’s largest and most popular digital currency...

The past 24 hours brought some more pain for the bulls as BTC slipped to another three-week low at under $21,500. Most altcoins are in no better shape, including the ETH liquid staking coins, many of which have seen double-digit price drops. BTC Drops Again The start of the month was highly positive for the primary cryptocurrency, which pumped to $24,200 after the latest interest rate hike by the US Federal Reserve on February 2. However, the landscape changed in the...

Decentralized finance (DeFi) protocol dForce has suffered a reentrancy vulnerability attack leading to the loss of $3.6 million worth of crypto assets. The attacker targeted the protocol’s vault on the automated market maker (AMM) platform Curve Finance, which operates on the Arbitrum and Optimism blockchains. dForce Exploited for $3.65M  The hack was first flagged by Twitter user @ZoomerAnon who announced that dForce had lost about $1.7 million in a series of flash loan...

On Feb. 9, Gary Gensler and his SEC took aim at Kraken and its staking-as-a-service products. The regulator claims that the U.S. crypto exchange is offering unregistered securities through its staking services. Consequently, Kraken suspended staking-as-a-service, and crypto markets have slumped. On Feb. 10, popular analyst and trader Alex Krüger put a positive spin on the latest regulatory crackdown by Uncle Sam. He said that a ban on staking, which the SEC is angling for,...

We are beginning to sound like a broken record at this stage, but it’s worth mentioning again that 2022 was arguably the worst year for the crypto space. Bitcoin, for example, lost more than 70 percent of its value. The world’s number one digital currency by market cap fell from an all-time high of about $68,000 per unit in November of 2021 to about $16,000 just 12 months later. Bitcoin Has Remained Upright It was a sad and ugly sight to see, and the crypto space lost...

The past seven days saw the cryptocurrency market decline considerably and lose around $60 billion of its total capitalization. This came on the back of a regulatory crackdown on behalf of the United States Securities and Exchange Commission toward cryptocurrency staking. It all started a couple of days back when a report suggested that the SEC is targeting the crypto exchange Kraken to allege that its staking offerings represented unregistered securities. The following day,...

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Binance said earlier today it had introduced zk-SNARKs to its proof-of-reserve system in an attempt to make it easier for users and other entities to verify its solvency. Additionally, the exchange has added four new crypto assets to its PoR system. Ever since the loud collapse of FTX in late 2022, cryptocurrency exchanges have rushed to prove the assets held on their platforms. Binance was among the first to introduce such a feature, initially utilizing only Merkle Tree....

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