Crypto hacking incidents jumped 153% in the third quarter of 2022 compared to the same period last year, with 76 incidents reported in Q3 and losses from hacks and fraud rising to more than $685 million. The two biggest exploits, a $200 million hack of Mixin Network and a $126 million hack of Multichain, accounted […]
A class-action lawsuit against Terraform Labs and its co-founder Do Kwon over fraud allegations has been dropped. The notice of voluntary dismissal was filed on Sept. 28 in the United States District Court for the Northern District of California, and did not state the reasons for dropping the case without prejudice. The court had not […]
Volatility Shares, a financial firm offering a range of exchange-traded fund (ETF) products, has cancelled its plans to launch an Ethereum futures ETF on Oct. 2. In an email with Cointelegraph, the company’s co-founder and president, Justin Young, confirmed the cancellation, citing changes in the market. However, Young added that plans for an ETH futures […]
Luke Gromen, a veteran macro investor, believes that both Bitcoin (BTC) and gold can benefit from the mounting fiscal issues in the US economy. Gromen believes that the Federal Reserve’s quantitative easing and other measures will create an environment where assets such as gold, oil, and BTC can thrive. He also believes that gold and […]
Rostin Behnam, chair of the United States Commodity Futures Trading Commission (CFTC), spoke at the Financial Industry Association Expo 2023 event in Chicago about the agency’s activity in the crypto sphere and the need for up-to-date legislation. He noted that the CFTC Enforcement Division had collected $6 billion in penalties in fiscal year 2023, with […]
The federal appeals court for the District of Columbia recently ruled in favor of Grayscale Investments in their attempt to turn their Grayscale Bitcoin Trust (GBTC) into a listed Bitcoin exchange-traded fund (ETF). Judge Neomi Reo granted Grayscale’s order to review and vacated the SEC’s order to deny the GBTC listing application, citing that the […]
Michael Lewis, author of The Big Short, has written a book about Sam Bankman-Fried, the former CEO of FTX. In an excerpt of Going Infinite: The Rise and Fall of a New Tycoon published in the Washington Post, Lewis described Bankman-Fried’s interactions with the media and influential figures prior to the downfall of FTX and […]
Chainlink (LINK) and Stellar (XLM) are two tokens that have been performing well despite the bearish crypto market. Chainlink has gained 14% in value, starting the week at $6.09 and reaching a peak of $7.21. Meanwhile, Stellar launched a new website in hopes of ending the price decline, and its price is currently at $0.114.Tradecurve […]
As October begins, the financial world is keeping a close eye on Shiba Inu, a cryptocurrency that has historically seen significant gains in the month. Data from CryptoRank shows that the token has seen an average 422% surge in October since its debut. If the token continues on its current trajectory, it could potentially reach […]
September was a record-breaking month for malicious entities stealing funds in the crypto market. According to CertIK, approximately $332 million in digital assets were lost to exploits, hacks, and scams. Exit scams accounted for $1.9 million, flash loans for $0.4 million, and crypto-related exploits for $329.8 million. The largest portion of this month’s losses was […]
