Category: News
Whales dumping FTX Token and Cronos
Following the dramatic fall of the FTX empire, hopes for a successful “Moonvember” were dashed. A decline in Bitcoin’s value, sparked by Sam Bankman-Fried, has brought its price down to around $15,000. Many other digital currencies suffered similar losses. However, tokens used on exchanges ranked highest. Large investors dumped their holdings of FTX Token and…
After Solana-based Serum forks, SRM rose 175%
The troubled cryptocurrency exchange FTX was breached a few days ago. Elliptic, a blockchain forensics company, recently published an article highlighting the removal of various tokens on Ethereum, BNB Smart Chain, and Avalanche. About $477 million of the $663 million lost is thought to have been stolen, while the rest was probably put into safekeeping…
Bitcoin, Ethereum, MATIC inflows claim new 14-week high
Institutions appeared to be avoiding cryptocurrency up until very recently. Several recent articles reported that flows were either negative or slightly positive, illustrating the “tepid investor appetite” that has been prevalent recently. However, it appears that the tide has turned recently. The latest weekly report from CoinShares shows that crypto-related investment products received $42 million,…
Binance submits FTX evidence to UK courts
Chinese cryptocurrency reporter Colin Wu tweeted on his account Wu Blockchain that Binance had declared it would provide evidence to UK lawmakers about its deal with FTX and its decision to sell FTT. According to a report from the Bloomberg television network, which Colin Wu tweeted about, Binance’s announcement to submit the details would prove…
Foobar Shares Rumors Disabled Staked ETH Withdrawals
There have been rumors that Ethereum is bankrupt and that all staked ETH withdrawals have been disabled, according to a tweet by Foobar @0xfoobar, the founder of DeFi and NFT. After hearing rumors that ethereum is bankrupt, all staked ethereum withdrawals have been temporarily disabled. 15 November 2022 — foobar (@0xfoobar) In addition, Foobar posted…
Shiba Eternity: All That Has Happened Until Now
Shiba Inu has come a long way since it was first created. The coin, which had humble beginnings as a meme coin, has triumphed over all opposition to reach its current status. On the horizon for Shiba Inu were innovations like Shibarium and the Metaverse, as well as the Shiba Eternity franchise. The day of…
Ex-Terra Exec sold LUNA for $105.52M: Probe underway
There have been reports that Terra Exec Shin Hyun-Seung, aka Daniel Shin, the co-founder of Terraform labs, has been summoned by South Korean prosecutors to appear at an investigation this week in connection with his alleged unjust enrichment from the sale of LUNA [now LUNC] tokens. After being accused of “storing LUNA tokens which had…
Shiba: FTX Hacker Trades 400 Billion SHIB for Ethereum
The consequences of FTX continue to worsen. PeckShield reports that an address called “FTX Accounts Drainer” traded 2346 ETH for 400 billion Shiba Inu (SHIB) tokens, worth about $3.9 million. At a price of $2.9 million, the Ethereum represents a loss of roughly $1 million for the associated address. Etherscan reports that on the morning…
Bitcoin Searches Soar, Will Discounted Prices Lure New Investors?
The current state of crypto is being called by many the worst it has ever been. While the Terra blockchain death in the summer made headlines, the FTX blockchain death this month has once again highlighted the importance of cold storage. At the same time, the value of Bitcoin (BTC), the first cryptocurrency, hit a…
Huobi and Gate.io accused of sharing snapshots with loaned funds
Shortly after publishing its asset snapshot, the Huobi exchange was found to have sent 10,000 ether to deposit addresses at Binance and OKX. Crypto exchanges have decided unanimously to share proof of reserve with the public as a way to showcase legitimacy in the wake of growing mistrust among crypto investors following the FTX collapse.…
