Cryptocurrency Market Analysis 74

The Dark Side of Cryptocurrencies: From Fake Abductions to Ponzi Schemes, Unveiling Crypto Horror Stories

Friday the 13th is often associated with horror and superstition, and in the world of cryptocurrencies, there have been some truly terrifying stories. One such story involves QuadrigaCX, Canada’s largest cryptocurrency exchange, which unexpectedly collapsed, leaving 115,000 investors and over $190 million missing. The founder of the exchange, Gerald Cotten, had recently married Jennifer Robertson […]

$Garbage, the World’s First Garbage-Themed Meme Coin, Aims to Disrupt the Crypto World

Miami Beach-based cryptocurrency project $Garbage is gaining popularity in the crypto world with its unique garbage-themed meme coin. The project aims to challenge the current state of global affairs and the financial system by embracing the idea of a “cesspool of dysfunction.” $Garbage is a community-driven movement that aims to expose the flaws in the […]

Paolo Ardoino appointed as Tether CEO, driving significant market capitalization growth

Paolo Ardoino has been announced as the new CEO of Tether, a leading cryptocurrency company, starting in December. Ardoino played a key role in developing the strategy that led to the significant growth of Tether’s market capitalization. This appointment comes as Tether continues to solidify its position in the cryptocurrency market. With Ardoino’s expertise and […]

Tether Appoints Paolo Ardoino as CEO to Drive Expansion into New Business Areas

Tether, the issuer of the world’s largest stablecoin, is undergoing a leadership change as it seeks to expand its focus. Paolo Ardoino, who has been serving as Tether’s chief technology officer since 2017, will take over as CEO in December 2023. He will replace Jean-Louis van der Velde, who will transition to an advisory role […]

Russian Connection Uncovered in FTX Heist: Stolen Funds Traced to Criminal Organizations

FTX, a major cryptocurrency exchange, recently filed for bankruptcy after being hacked for $477 million. The stolen funds, primarily in ether, remained inactive for five days before a significant amount was moved to the Bitcoin blockchain. The perpetrators then used a mixer to convert the stolen funds into Bitcoin, with some of it potentially being […]

Ripple CTO Counters Cardano Founder’s Claims on Ethereum’s Regulatory Status

Ripple’s CTO, David Schwartz, has responded to Cardano founder Charles Hoskinson’s comments regarding the US regulators’ determination that Ethereum (ETH) is not a security. Hoskinson addressed the conspiracy theory known as ETHgate, which suggests that Ethereum received preferential treatment from US regulators. He argued that the government’s actions were not corrupt but rather showed favoritism. […]

Former Firefly Team to Unveil Bloom: A Revolutionary Wallet for IOTA’s Shimmer Ecosystem

Bloom, a groundbreaking wallet for the Shimmer ecosystem, is set to be introduced by IOTA. Spearheaded by the former Firefly team, Bloom aims to revolutionize the user experience by offering enhanced security and seamless asset transfers. The wallet, built on the foundation of Firefly, is designed to be user-friendly, secure, and delightful. The team behind […]

Platypus Finance DeFi Protocol Loses Over $2 Million in Flash Loan Exploit

Decentralized finance (DeFi) platform Platypus Finance has suffered another flash loan exploit, resulting in a loss of over $2 million. The hack was first reported by blockchain security firm PeckShield on October 12th, prompting the platform to temporarily suspend all pools. The attackers targeted the AVAX-sAVAX liquidity pool. CertiK’s investigation revealed that approximately $1.3 million […]

Massive Flash Loan Attack on BNB Chain Nets Perpetrator $1.575 Million Profit

The BNB Chain recently experienced a significant flash loan attack, resulting in a massive arbitrage profit of $1.575 million for the attacker. The attack took place on the Pancakeswap DEX network and only cost the perpetrator a fee of $4.16. The MEV Bot responsible for the attack manipulated the price of the BH token, exploiting […]

BitVM Aims to Scale Bitcoin, Not Launch DeFi Applications, Says Developer

One of the developers behind BitVM, a Bitcoin-based virtual machine, has clarified that the technology is primarily focused on scaling Bitcoin rather than enabling decentralized finance applications like Ethereum. BitVM aims to increase Bitcoin’s transaction processing capacity and scalability, rather than implementing smart contracts and supporting a multitude of altcoins. The developer, known as Super […]