Antonio Juliano, the founder of dYdX, a decentralized exchange (DEX), has expressed skepticism about the current crypto bull run. He attributes the recent price surge to “light trading volumes,” suggesting that this might not sustain the uptrend despite overall confidence.According to Juliano, a true bull cycle is not solely defined by price action but also […]
Crypto auditing organization, CertiK, has reportedly fallen victim to a phishing scam, with fraudulent URLs posing as legitimate social media posts being used to steal cryptocurrency from user wallets. The company’s social media account, which boasts over 340,000 followers, appears to have shared a deceptive link, urging users to use it for protection against a […]
In a significant move, VanEck, a major player in the financial sector, has committed to donate 5% of its profits from its Exchange-Traded Fund (ETF) to Bitcoin Core developers. This commitment is not a short-term gesture, but a pledge that will span a decade.This decision by VanEck is indicative of a broader trend within the […]
Ethereum’s validator community is currently experiencing an unexpected mass exit. Major players such as Celsius and Figment have initiated a significant withdrawal trend among validators. Despite the alarming exodus, the influx of new validators and a regulated limit have provided a counterbalance.Thousands of validators, who are responsible for securing the network, are opting to withdraw […]
The Bitcoin price has experienced a surge in volatility due to the pending decision on the spot Exchange Traded Fund (ETF). Market participants are eagerly awaiting an announcement, which is expected to cause further volatility spikes. Currently, Bitcoin is trading at $43,900, recording a 1% profit over the last 24 hours and a 3% increase […]
The Securities and Exchange Commission (SEC) appears to be showing a growing acceptance of Ethereum spot ETFs, according to Bloomberg ETF analyst James Seyffart. This comes after the SEC approved multiple Bitcoin futures ETFs and is expected to approve Bitcoin spot ETFs in the near future.In August, the SEC gave the green light to several […]
Fintech firm Dave has reached an agreement to purchase a $100-million convertible promissory note from FTX Ventures, the venture capital arm of bankrupt crypto exchange FTX. The note will be bought at a discounted price of $71 million, pending approval from a bankruptcy court.Dave, a mobile application that offers financial services such as savings accounts […]
The Spanish Central Bank has announced the finalization of its partners for a six-month pilot program aimed at simulating interbank payment processing and settlement. The program will utilize a single tokenized wholesale Central Bank Digital Currency (CBDC) as well as other foreign CBDCs issued by various central banks.This pilot program is a significant step towards […]
Taiwan’s law enforcement has recently uncovered and dismantled the largest cryptocurrency fraud scheme in the country’s history. The authorities conducted raids across multiple cities, seizing over NT$1 billion ($32.2 million USD) in illegal profits.The fraud scheme was operated by ACE Exchange, one of Taiwan’s largest cryptocurrency exchanges. The exchange used its reputable image to attract […]
In 2023, North Korea’s Lazarus Group, a highly sophisticated hacking group, emerged as a major player in cybercrime, particularly in cryptocurrency theft. Accused of orchestrating hacks amounting to $600 million, the Democratic People’s Republic of Korea (DPRK) has become a prominent actor in this escalating realm. Since 2017, DPRK hackers, operating under the Lazarus group, […]
