FriendTech, a rapidly growing crypto-social platform, has recently been the target of a security breach. A scammer was able to steal $385K in Ethereum from four FriendTech users within 24 hours by using the SIM-swapping method. This technique allows criminals to take control of a user’s phone number and access their online accounts. The surge […]
The cryptocurrency sector has seen significant events in September, with the stablecoin market capitalization reaching a new low of $124 billion. This is the lowest amount since August 2021 and is 18 consecutive months of decline. Despite this, the market has shown strength by rebounding swiftly and stabilizing.Stablecoins, also known as “pegged” or “linked” cryptocurrencies, […]
Paul Grewal, a Coinbase executive, believes that if the U.S. continues to delay in creating crypto regulations, the industry will suffer the same fate as the semiconductor industry.The semiconductor industry has been struggling in the U.S. due to a lack of regulation and the inability to compete with foreign markets. Grewal believes that the same […]
Stars Arena, a fast-growing social app, announced a major attack on Saturday, resulting in the theft of over $3 million. The developers have since secured the resources to close the gap and are conducting a major security audit. Meanwhile, Memeinator, a new cryptocurrency, has raised over $643k in its token sale. It seeks to become […]
September of 2023 was a great month for Bitcoin mining companies. Three firms, CleanSpark, Riot Blockchain, and Marathon Digital Holdings, all reported record outputs. Kraken also witnessed a 5-year ATH of BTC inflow and a 506.06M hash rate spike in mid-September.CleanSpark mined 643 BTC in September, bringing its total BTC holdings to 2,240 and making […]
Adam Yedidia, a former FTX developer, recently resigned after discovering that Alameda Research had used FTX customer funds to settle debts. A software bug in FTX’s system had miscalculated Alameda’s debt, leading to a $16 billion misrepresentation. The incident has raised serious questions about the transparency and financial integrity of the crypto sphere. Yedidia revealed […]
The crypto market could experience heightened volatility over the weekend and coming weeks as more than $700 million worth of Bitcoin (BTC) and Ethereum (ETH) options are set to expire. According to market aggregate data provided through Coinglass, the total option open interest comprises about 213,121 BTC in call bets compared to 107,085 BTC in […]
Bitcoin and Ethereum have been struggling to remain afloat in the cryptocurrency market as bearish pressure intensifies. Bitcoin has recently outperformed the stock market but is now retreating against the buying in the indices. The launch of several Ethereum futures ETFs has done nothing to boost the price of leading cryptocurrencies as market players expected.The […]
A major security breach has occurred in the Avalanche-based social app Stars Arena, resulting in the theft of nearly $2.9 million in AVAX tokens. The attack was announced by the team behind Stars Arena on Saturday, and was estimated by blockchain security resource PeckShield to be close to $3 million in AVAX tokens. DeFiLlama data […]
Binance, the world’s largest exchange, has launched a new domain for United Kingdom users in compliance with the incoming financial promotions rules of the island nation. The new rules, announced by the UK’s Financial Conduct Authority (FCA) in June, are designed to ensure that all potential investors understand the risks that come with dealing with […]
