FTX user sues hedge fund over bankruptcy profits
Nikolas Gierczyk alleged that the hedge fund that bought his FTX claims refused to honor an agreement allowing additional recovery of his funds.
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Bitcoin’s sharp fall from $50K linked to stronger US dollar, gold correlation shows
Bitcoin (BTC) and spot gold (XAU) hovered below their key psychological levels on Sept. 8, as a stronger United States (USD) dollar weighed on investors' appetite for hedging assets.The BTC/USD exchange rate dropped 5.27% to its intraday low of $44,423 but recovered a portion of those losses after reclaiming the $45,000-46,000 range as support. The…
Buterin-Proposed Constantinople Ethereum Feature Allegedly Introduces Attack Vector
Ethereum (ETH) co-founder Vitalik Buterin has proposed a new smart contract creation function dubbed “Create2.” This function reportedly introduces a new attack vector to the platform, according to a post on the Ethereum developers forum Ethereum Magicians published on Feb. 8.According to a Medium post by software developer Tim Cotten, the original create function creates…
Play-to-earn falling out of favor after ‘massive shift in priority’ — BGA survey
A new survey has found that the blockchain gaming industry is experiencing a “massive shift," with the once-popular play-to-earn (P2E) model falling out of favor and focus shifting to improving gameplay experience. The survey results were included in a newly released annual report from the Blockchain Game Alliance (BGA) on Jan. 12, conducted with 347 professionals…
DeFi’s popularity has pushed DEX volume past $11B
Can anything slow DeFi’s growth at this point? Trading volume on decentralized exchanges, or DEXs, surpassed $11 billion in August, as DeFi madness continues making headlines.Numbers from analysis firm, Dune Analytics, revealed that August trading volume represented an uptick of 152% month-over-month.The main driver behind the skyrocketing DEX volume is Uniswap, which has become a…
Kaspersky CEO: Cryptocurrencies Are Great, But the World Is not Ready Yet
Eugene Kaspersky, the CEO of the cybersecurity giant Kaspersky, stated in a recent interview that “cryptocurrencies are a great idea, but the world is not ready for them yet.” Kaspersky made the statement to financial news website Arabian Business on March 1.Kaspersky elaborated, stating that he believes that in the future — “perhaps in a…
What price must Bitcoin reclaim for a renewed bull market in October?
Volatility was expected throughout the week regarding the expiration of a significant amount of futures. However, this didn’t really happen while the macro-economic environment also remains uncertain.A hack of a major cryptocurrency exchange on Sep. 26 didn’t influence the price at all, which is a positive signal for the markets and a positive signal for…
Solana developers tackle bugs hoping to prevent further outages
Solana developers have tackled the “durable nonce transaction” bug that knocked the network offline for the fifth time this year earlier this month as network activity slows. 680 Total views 4 Total shares Developers have fixed the runtime bug that caused the latest outage of the Solana network on June 1. According to a report…
Federal attorneys are investigating meme-led trading in GME, AMC and silver: WSJ
The Justice Department joins CFTC and SEC probes into wild markets facilitated by Robinhood and other apps for retail traders. 2556 Total views 17 Total shares The Department of Justice is reportedly the latest to turn up the heat on last month's crazed markets.Citing unnamed sources, the Wall Street Journal reported on Thursday that the DoJ's fraud…