Coinbase hit with $300M token listing allegations by Sun and Cronje
The rumors around the alleged listing fees could drive projects to decentralized trading platforms.
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Bitcoin critical indicator prints ‘bearish cross’ as it sinks below $58K
The crossing of this indicator on two different timeframes has signaled to traders that short-term performance may be weakening, sparking fear in the market.
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Coinbase UK fined $4.5 million for ‘high-risk’ customer onboarding
The $4.5 million fine could signal the start of more scrutiny for crypto exchanges in the region.
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Report: North Korean Hackers Created Realistic Trading Bot to Steal Money
The North Korean hacking team Lazarus Group targeted several crypto exchanges last year, Chainalysis reports. One of the attacks involved the creation of a fake, but realistic trading bot website that was offered to employees of DragonEx exchange.In March 2019 the hackers stole approximately $7 million in various cryptocurrencies from Singapore-based DragonEx exchange. Though a…
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Pro traders adopt a hands-off approach as Bitcoin price explores new lows
Bitcoin’s (BTC) current 20% drop over the past four days has put the price at its lowest level in nine months and while these movements might seem extraordinary, quite a number of large listed companies and commodities faced a similar correction. For example, natural gas futures corrected 15.5% in four days and nickel futures traded…
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Banks with crypto services require new Anti-Money Laundering capabilities
The new year began with the news that notable Web3 entrepreneur Kevin Rose fell victim to a phishing scam in which he lost over $1 million worth of nonfungible tokens (NFTs). As mainstream financial institutions begin to provide services related to Web3, crypto and NFTs, they would be custodians of client assets. They must protect their…
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Ether balances on centralized exchanges fall to lowest level since June 2019
Glassnode asserts that Bitcoin investors have been converting BTC into Ether during May. 2851 Total views 22 Total shares According to analysis from on-chain analytics provider Glassnode, the sum of Ethereum on exchanges has fallen to its lowest level for almost two years.Glassnode estimates that just 13.3 million Ether is currently held on centralized exchanges,…
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OpenSea NFT trading volume surges as Bored Ape mania intensifies
Data shows that OpenSea has generated more than $700 million in sales so far this year putting the NFT marketplace on track for another record month. 425 Total views 8 Total shares NFT trading volumes on OpenSea are surging in January amid a renewed speculative frenzy on Yuga Labs’ Bored Ape Yacht Club (BAYC) and…
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Bank of America CTO Catherine Bessant: I’m Privately Bearish on Blockchain
A senior executive at Bank of America (BoA) is not bullish on blockchain despite the bank holding more patents than any other finance firm, CNBC reported on March 26.Speaking to the publication in an interview, chief technology officer Catherine Bessant said that even though the bank’s official stance on the technology was palpably buoyant, her…