A popular Telegram bot called Unibot, which is used for trading on the decentralized exchange Uniswap, was recently hacked. The exploit on a newly deployed contract allowed the hacker to steal around $560,000 worth of various memecoins from users. The blockchain security firm Scopescan alerted Unibot users about the ongoing hack, and Unibot later confirmed […]
Scott Johnsson, a notable attorney from Davis Polk, has drawn attention to a closed-door meeting scheduled for November 2, which could potentially shed light on the approval of a spot Bitcoin ETF by the US Securities and Exchange Commission (SEC). The meeting, which is not open to the public, will focus on resolving litigation claims […]
The Hong Kong Monetary Authority (HKMA) has completed the first phase of its e-HKD pilot program, which aims to assess the viability of a central bank digital currency (CBDC). The program focuses on six areas, including payments, tokenization, and settlement of digital assets. The findings of the trial highlighted the potential benefits of programmability, tokenization, […]
Today marks the 15th anniversary of the release of the Bitcoin white paper by Satoshi Nakamoto. This groundbreaking document proposed a decentralized electronic cash system that could solve the issue of double spending in digital currency. Satoshi’s creation was influenced by previous developments in cryptography and e-money, such as Wei Dai’s b-money concept. Bitcoin introduced […]
There is speculation that Gary Gensler, the chief of the United States Securities and Exchange Commission (SEC), may reject spot Bitcoin exchange-traded funds (ETFs) in a surprising move. Bloomberg ETF analysts have discussed the possibility of Gensler allowing spot Bitcoin ETF applications to accumulate before denying them all at once, likening it to a “semi-comedic […]
Terraform Labs co-founder Do Kwon and his legal team have requested a United States district judge to dismiss the securities and fraud suit filed by the federal securities regulator. They argue that the Securities and Exchange Commission (SEC) has failed to provide evidence of any wrongdoing. Kwon and Terraform assert that their cryptocurrencies, including Terra […]
In a shocking turn of events on Halloween, the crypto community was rocked by a series of rug pulls, which are a type of cryptocurrency scam. These rug pulls involve sudden drops in the value of specific tokens, accompanied by the perpetrators swapping the tokens for Ethereum (ETH). The meme coins affected by these rug […]
The cross-examination of Sam Bankman-Fried (SBF), CEO of FTX, intensified during the fifth week of the high-stakes trial. SBF faced tough questioning about his involvement in the collapse of FTX and Alameda Research. In his direct examination, SBF discussed his role as CEO and outlined FTX’s strategic goals. He mentioned working on a database to […]
In a significant development for the crypto industry, the United Kingdom’s His Majesty’s Treasury (HMT) has released an update on the regulatory framework for crypto assets. The announcement demonstrates the UK’s commitment to fostering an open and well-regulated capital market that embraces the potential of cryptocurrencies and blockchain technology. The HMT’s response covers several key […]
Billionaire investor Stanley Druckenmiller recently praised Bitcoin for establishing itself as a recognizable brand over the past 17 years. In an interview with hedge fund manager Paul Tudor Jones, Druckenmiller compared Bitcoin to gold as a store of value. While he personally does not own any Bitcoin, he acknowledged that young people view it as […]
