Bitcoin Price Hits One-Week Low In Drop Below $8K

The U.S. Department of Justice charged two brothers with orchestrating an attack on Ethereum trading bots, charging them with conspiracy to commit wire fraud, wire fraud and conspiracy to commit money laundering. In essence, the brothers found a way to target bots that were frontrunning transactions in a process called maximal extractable value, or MEV

Sam Bankman-Fried's defense team have asked Judge Lewis Kaplan to let them introduce proof of "inconsistent statements" from former FTX executives – and prosecution witnesses – Gary Wang and Nishad Singh.The defense team zeroed in on what Wang and Singh said about stablecoin conversions and the "allow negative" feature that let Bankman-Fried's Alameda Research borrow

An Ethereum transformation is on the horizon, and no one is sure how the market will respond. In time the “Shanghai” upgrade may be remembered as a uniquely bullish event for ether (ETH), the world’s second-largest cryptocurrency by market value.In the short term, however, a number of the world’s leading Ethereum quant traders who historically…

Jun 16, 2020 at 13:07 UTCUpdated Jun 16, 2020 at 13:33 UTCCryptocurrency lending platform BlockFi has hired a veteran of the U.S. Department of Defense and Microsoft to take charge of the firm’s security. The New York-based company announced Monday that Adam Healy will be coming aboard as chief security officer, charged with fortifying the…

markets The price of bitcoin is back above $4,000, and is eyeing a move upwards. The world’s largest cryptocurrency by market capitalization had been trapped within a symmetrical triangle, suppressing its range between $3,788 and $4,153 over a period of four days, that is, until it broke out above $4,200 at 12:40 UTC today. At…

Nov 1, 2020 at 21:19 UTCUpdated Nov 1, 2020 at 21:23 UTCSquare Crypto, the cryptocurrency arm of the payments company, said in a tweet Friday it has awarded a grant to a designer who’s trying to make bitcoin wallets usable by anyone, regardless of technical proficiency.The work Square Crypto will be funding will seek to…

In this week's issue, we're covering crypto developers' renewed focus on the Ethereum blockchain's controversial overreliance on a single software "client" called Geth, and the grumbles of crypto users who were hoping for a bigger token airdrop from the Manta project.Top picks from this week's Protocol Village column of blockchain project updates:Highlights from the annual

GameStop (GME) stock was halted multiple times amid a huge surge on Monday, drawing laughter from crypto fans.Crypto goes 24/7 without any circuit breakers, unlike the stock market.GameStop (GME) is yet again the stock of the day, soaring Monday due to support from traders gripped by meme-stock fever.But it was a stilted rally, halted repeated

The final dress rehearsal for Ethereum’s upcoming Dencun upgrade occurred Wednesday, as the blockchain's biggest changes in almost a year took place on the Holesky test network.The test simulated “proto-danksharding,” a technical feature aimed at reducing the cost of transactions for rollups as well as making data availability cheaper, through the introduction of “blobs,” a