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 […]
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 […]
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 […]
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 […]
Sam Bankman-Fried (SBF) is on trial for fraud, with Gary Wang, co-founder of FTX, providing testimony. Wang revealed that Alameda Research, an associated company of SBF, had a “large line of credit” and was able to trade more than it had in its account. This was done with a code attached to the FTX wallet […]
The anonymous host of InvestAnswers has predicted that the approval of a spot Bitcoin (BTC) exchange-traded fund (ETF) could trigger massive inflows from Wall Street giants. According to the analyst, if seven Wall Street firms allocated just half a percentage point of their $25.22 trillion in assets under management (AUM) to spot Bitcoin ETFs in […]
Crypto analyst EGRAG CRYPTO recently suggested that XRP could experience a 58x surge, similar to Ethereum’s historical performance. XRP is currently valued at $0.5215 and if it were to follow Ethereum’s trajectory, it could reach an impressive $30.2. XRP has experienced dramatic growth in the past, with a 1,104x surge from $0.003 to an all-time […]
Yuga Labs has announced a restructuring that has seen several roles “eliminated across the company”. CEO Daniel Alegre suggested the firm had taken on too many projects that were ultimately distracting it from its “core priorities”. Moving forward, Alegre outlined that the firm will ramp up its focus on community building, “going all-in” on its […]
The highly anticipated trial of disgraced FTX founder Sam Bankman-Fried (SBF) has not gone well for the former billionaire. The U.S. Department of Justice (DOJ) is leading the prosecution, portraying Bankman-Fried as a central player in a fraudulent scheme. Key testimonies, especially those from FTX’s current leadership, have proven particularly damaging.Gary Wang, FTX co-founder, confessed […]
The Sam Bankman-Fried trial began on October 4th, with the United States Department of Justice (DOJ) and the former FTX CEO’s defense presenting their arguments to the 12-person jury. The DOJ accused Bankman-Fried of deliberately lying to investors to enrich himself and expand his crypto empire, while the defense argued that he was a young […]
