Changpeng Zhao (CZ), CEO of Binance, has shared his observations on the historical patterns surrounding the Bitcoin halving event. He noted that the months leading up to the halving are characterized by increased discussion, varied sentiments, and heightened expectations within the cryptocurrency community. CZ debunked the belief that Bitcoin’s price will immediately surge after the […]
Reports from South Korea-based Yonhap News Agency have revealed that Upbit, one of the largest crypto exchanges in South Korea, experienced over 159,000 hacking attempts in the first half of 2023 alone. This marks a significant increase compared to previous years, with a 117% increase compared to the first half of 2022 and a 1,800% […]
The second week of the Sam “SBF” Bankman-Fried FTX fraud trial is set to begin on Monday, Oct. 9, with a focus on the testimony of Caroline Ellison, the former romantic partner of SBF and CEO of FTX-tied Alameda Research. Ellison is expected to provide details about the movement of customer funds between the two […]
Federal prosecutors in the fraud trial of former FTX CEO Sam Bankman-Fried have requested that any discussion of Bankman-Fried’s investment in AI company Anthropic be excluded from the trial. Recent reports have revealed that Anthropic is set to receive significant funding from tech giants Google and Amazon, which has sparked optimism among creditors of FTX […]
US judge Analisa Torres has denied the SEC’s appeal in the legal battle between Ripple and the regulatory agency. The trial, which is scheduled for April 23, 2024, is seen as a crucial event for the cryptocurrency sector and future regulations in the US. Ripple’s recent legal victories have also led to a surge in […]
Serious concerns have emerged regarding the financial support provided to Solana validators by the Solana Foundation and Alameda Research. Allegations claim that over 90% of validators are heavily subsidized by these entities, raising questions about the network’s autonomy and decentralization.Arixon.eth, a researcher, has found that the Solana network’s node count and validator numbers were artificially […]
A widely followed crypto analyst, TechDev, has suggested that Bitcoin’s bear market is over and an expansion upward is imminent. He shared a chart with monthly candles, Bollinger bands, and an additional indicator showing the logarithmic width between the bands relative to the 200-month moving average. The chart appears to suggest that Bitcoin’s Bollinger bands, […]
HTX (formerly Huobi) has recovered the crypto funds stolen by a hacker in late September and honored its 5% white hat bonus offer to the hacker. On September 25, the exchange was vulnerable and 5,000 ETH were drained from one of its hot wallets. HTX contacted the attacker and offered a 5% white hat bonus […]
Binance recently released its 11th proof of reserves, revealing that the platform held 588,000 BTC assets, 3.83 million ETH assets, and 15.31 billion USDT assets. This disclosure comes amidst mounting pressure from regulators, and is intended to emphasize the exchange’s transparency with its users.BNB has been exhibiting accumulation trends since 22nd August, however, similar patterns […]
Bitcoin (BTC) kept up renewed pressure on $28,000 into the Oct. 8 weekly close as geopolitical uncertainty entered traders’ radar. Data from Cointelegraph Markets Pro and TradingView showed BTC price performance avoiding downside volatility over the weekend. The pair recovered from a snap retest of $27,000 on Oct. 6, this coming thanks to surprise United […]
