Crypto phishing attack drains $55M from whale’s wallet
Blockchain security experts warn against signing unknown transactions and highlight the growing threat of phishing scams in crypto.
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Not bothered: Miners ‘not impacted by volatility’ in Bitcoin market
Despite steadily declining prices of Bitcoin and turmoil on the markets today, some of the largest mining companies are unfazed and insist their operations will not be affected by negative price volatility.Some even see it as an opportunity to gain market share as smaller competitors collapse.Bitcoin (BTC) prices have been on a steady decline all…
Crypto Markets Keep Seeing Minor Fluctuations, Price Changes Mostly Around One Percent
Sunday, Oct. 28: crypto markets have seen some minor fluctuations, with most of the top 20 coins by market cap seeing price changes within 1 percent over the past 24 hours, according to CoinMarketCap.The total market capitalization has remained hovering below $210 billion over the day.Market visualization from Coin360Bitcoin (BTC) is slightly up 1.7 percent…
CEOs of Mastercard and Wells Fargo Concur on Blockchain’s Long Term Potential
Top execs at Mastercard and Wells Fargo agreed that blockchain technology has long-term potential, but it has not been realized to date, CNBC reports on March 28.Wells Fargo CEO Tim Sloan and Mastercard CEO Ajaypal Banga concurred that the potential of distributed ledger technology (DLT) is yet to pay off, but that there are still…
‘No coiner’ TikTok star launches finance podcast with Bitcoin bull Pomp
‘I do believe crypto is its own asset class and one worth exploring,’ said the TikTok star. A 21-year-old social media star famous for his TikTok videos is entering the crypto space, guided by Bitcoin bull Anthony ‘Pomp’ Pompliano.Bryce Hall has launched a finance podcast with Pompliano called “Capital University”. Unlike Pomp’s regular podcast, which…
These are the least ‘stable’ stablecoins not named TerraUSD
The recent collapse of the once third-largest stablecoin, TerraUSD (UST), has raised questions about other fiat-pegged tokens and their ability to maintain their pegs.Stablecoins' stability in questionStablecoin firms claim that each of their issued tokens is backed by real-world and/or crypto assets, so they behave as a vital component in the crypto market, providing traders…
FTX leadership sues Sam Bankman-Fried over $220M deal made prior to bankruptcy
When FTX tried to sell the platform after filing for bankruptcy, the top bid was for just $1 million, representing a 99.5% decline in value. 2181 Total views 6 Total shares FTX lawyers are suing former CEO Sam Bankman-Fried, co-founder Zixiao Wang, and former senior executive Nishad Singh over the $220 million acquisition of stock-clearing…
DeFi market fall showcases how rising TVL doesn’t tell the full story
The decentralized finance market seems to be deflating after the DeFi summer craze when tokenized versions of Bitcoin and protocols, such as Uniswap and SushiSwap, outperformed the rest of the market. Earlier in October, the two main DeFi indices, Binance’s DeFi Composite Index and TokenSet’s DeFi Pulse Index Set lost more than 60% and 50%…
Tether has 'redistributed' $108.8M USDT from illicit activity since 2014
The most recent seizure of $5 million USDT from pig-butchering scams marks a "significant victory" in the ongoing fight against cyber fraud, according to Tether.