Bitcoin Spark (BTCS), Avalanche (AVAX), Stellar (XLM), and Monero (XMR) are revolutionizing the cryptocurrency industry with their innovative approaches. Bitcoin Spark, a new Bitcoin fork, aims to overcome the limitations of Bitcoin while maintaining its fixed supply of 21 million coins. It offers rapid transactions, low gas fees, and a scalable platform for smart contracts […]
Binance, one of the leading cryptocurrency exchanges, has rebranded its content aggregator platform, Binance Feed, as Binance Square. This new platform aims to provide a Twitter-like experience for users and includes monetization features such as a tipping option for content creators and an affiliate commission program. Binance Square has already gained over 10 million monthly […]
Bitcoin’s failure to reach $100,000 during the 2021 bull market may have been due to market manipulation by defunct exchange FTX, according to analysis. Testimony in the trial of former FTX CEO Sam Bankman-Fried revealed that FTX executives sold BTC using customer funds, potentially adversely affecting the entire bull run. The scale of these operations […]
Mastercard has successfully completed a trial involving central bank digital currencies (CBDCs) on different blockchains, similar to wrapped Bitcoin and wrapped Ether. The trial was conducted with the Reserve Bank of Australia (RBA) and the country’s Digital Finance Cooperative Research Centre CBDC, along with participation from Cuscal and Mintable. The solution allowed a CBDC owner […]
A former engineer at Alameda Research, the sister hedge fund of FTX, has alleged that the firm suffered losses of over $190 million due to preventable scams. Aditya Baradwaj, the whistleblower, highlighted the frequent security incidents resulting from the company’s fast-paced operations. Baradwaj documented these allegations in a post titled “The Hacks” on the platform […]
Anonymous hackers have been moving stolen assets from the now-defunct exchange FTX, coinciding with the ongoing trial of FTX founder Sam Bankman-Fried. Blockchain analytics firm Elliptic reported that 72,500 Ether (ETH) worth $1,544 has been awakened for the first time since the exchange was hacked in November 2022. The thief has converted $120 million worth […]
Elon Musk, the owner of the social media website X (formerly known as Twitter), recently hosted a gaming stream on the platform. The stream featured Musk playing Diablo 4 and answering questions from viewers. This was a test of X’s new streaming feature, which was deemed successful with no technical issues. Musk’s goal is to […]
Former engineer Aditya Baradwaj has made shocking claims about security lapses at Alameda Research, alleging that the company lost $190 million due to avoidable mistakes and lax security practices. One notable incident involved an Alameda trader who accidentally clicked on a malicious link while validating a decentralized finance transaction, resulting in a loss of over […]
Evidence presented in court during the ongoing criminal trial against Sam “SBF” Bankman-Fried, former CEO of FTX exchange, has revealed his belief that Binance leaked an Alameda balance sheet to the media in 2022. The evidence includes a memo created by SBF on November 6, 2022, which outlined potential investors and parties to reach out […]
In his opening statement, Cohen revealed that Bankman-Fried, the majority owner of Alameda, had placed his trust in Ellison, the CEO, to handle the day-to-day operations of the company. However, when a downturn was anticipated, Bankman-Fried urged Ellison to implement a hedge to protect against potential losses. Unfortunately, Ellison did not take action at the […]
