Tag Archives: AA News

The price of Curve DAO (CRV) tokens briefly fell below $0.40 on Wednesday as over-the-counter (OTC) transfers made by the DeFi project’s founder, Michael Egorov, were later transferred to Binance. As reported by blockchain security firm PeckShield, one of Egorov’s counterparties from last month. transferred 609,000 CRV tokens to Binance on Wednesday. When investors send funds to exchanges, analysts generally view this as reflecting an intention to sell. The counterparty...

Following a period of substantial capital inflows at the beginning of the year, the recent months have witnessed a shift towards either neutral or negative inflows, suggesting a period of stagnation as uncertainty took over the asset class. According to blockchain intelligence platform Glassnode, the market has been hovering on a relatively neutral level since April this year. This aligned with the slow-down in Bitcoin and Ethereum capital inflows and reflects a growing sense...

BitMEX co-founder Arthur Hayes said that the recent decision by the United States Federal Reserve (Fed) to lower interest rates is expected to trigger a rapid surge in Bitcoin’s price, potentially propelling it toward the $70,000 mark. Hayes had previously predicted that Bitcoin would reach this level after March, but the Fed had increased interest rates three times between March and the current period. Bitcoin’s failure to reach the previously predicted $70,000 level is due...

North Korea’s notorious state-backed Lazarus Group is speculated to be behind the $55 million hack of crypto exchange CoinEx. According to prominent on-chain sleuth ZachXBT’s latest update, the attackers “accidentally” connected their address to the $41 million hack of the betting platform Stake.com. Just a day after the exploit, the investigator flagged an Ethereum wallet address that was likely owned by the attackers of both CoinEx and Stake.com, implying that the same...

Derivatives marketplace Bitget has unveiled the ‘Bitget EmpowerX Fund’ that is designed to boost the platform’s ecosystem development. According to the press release shared with CryptoPotato, the focus will be on seeking investment opportunities in regional exchanges, data analytics firms, media organizations, and other entities that contribute to the growth of its ecosystem. The EmpowerX Fund is set to deploy $100 million in capital, which will be “strategically and...

With less than a month left before Sam Bankman-Fried’s court case is due to begin, DOJ officials have been rushing to put the final touches to their arguments. Since the outcome will be decided by a jury, the DOJ has spent a while formulating questions for members of the jury to ensure that they are as free of bias as possible. Prior Interactions With FTX, Startups, and Fraud Cases Are of Interest According to the document containing the final list of questions for the jury,...

In the latest twist to the Celsius bankruptcy saga, founder Alex Mashinsky is requesting the court to dismiss the Federal Trade Commission’s (FTC) case against him. Mashinsky Arrested on Multiple Fraud Counts According to a Sept. 11 court motion, Mashinsky’s legal team argued that the FTC’s allegations do not contain the necessary elements to support a claim of fraudulent activity. Celsius, a once-prominent crypto lending platform, filed for bankruptcy amidst challenging...

Global cryptocurrency exchange CoinEx has been hacked for at least $29 million, with blockchain sleuths identifying a series of suspicious transactions leaving the firm’s hot wallets. Crypto security platform Cyvers reported the breach on Tuesday, calling on CoinEx to halt all deposits and withdrawals immediately. The hack occurred across three different blockchains, involving a wide variety of tokens. In total, thieves stole $18.12 million in assets on Ethereum, $8.5 million...

In its latest prediction, Matrixport, a financial services network, released a report forecasting a dramatic dip in Ethereum’s prices, potentially to $1K, catalyzed by FTX creditor liquidation. Per Matrixport, ETH revenues have been disappointing, as the coin broke below the $1,650 and $1,600 supports. Matrixport cautioned of possible decline towards and below $1,500, potentially heralding a nosedive to $1,000, based on the Ethereum ecosystem’s revenue projections. The...

A Newport resident who accidentally disposed of a hard drive containing 8,000 Bitcoin (BTC) is looking to file a lawsuit against the city’s local council for refusing to accept his request to dig up a landfill site for the lost crypto treasure. The investor has been trying to get his Bitcoin excavated for a decade, but local authorities believe this venture will harm the environment. Legal Measures to Retrieve Lost Bitcoin Stash James Howells has resorted to going the legal...