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 […]
Adam Yedidia, a former FTX developer, recently resigned after discovering that Alameda Research had used FTX customer funds to settle debts. A software bug in FTX’s system had miscalculated Alameda’s debt, leading to a $16 billion misrepresentation. The incident has raised serious questions about the transparency and financial integrity of the crypto sphere. Yedidia revealed […]
The crypto market could experience heightened volatility over the weekend and coming weeks as more than $700 million worth of Bitcoin (BTC) and Ethereum (ETH) options are set to expire. According to market aggregate data provided through Coinglass, the total option open interest comprises about 213,121 BTC in call bets compared to 107,085 BTC in […]
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 […]
A major security breach has occurred in the Avalanche-based social app Stars Arena, resulting in the theft of nearly $2.9 million in AVAX tokens. The attack was announced by the team behind Stars Arena on Saturday, and was estimated by blockchain security resource PeckShield to be close to $3 million in AVAX tokens. DeFiLlama data […]
Binance, the world’s largest exchange, has launched a new domain for United Kingdom users in compliance with the incoming financial promotions rules of the island nation. The new rules, announced by the UK’s Financial Conduct Authority (FCA) in June, are designed to ensure that all potential investors understand the risks that come with dealing with […]
Ethereum (ETH) has recently launched two major upgrades, the Merge and the Shanghai Upgrade, to transition from Proof of Work to the Proof of Stake consensus mechanism and improve scalability, usability, and security. However, a recent research report from JPMorgan (JPM) has confirmed that the transition to PoS puts Ethereum’s decentralized nature at risk, as […]
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 […]
Gary Wang, co-founder of FTX, revealed more details of Alameda Research’s corrupt relationship with his exchange during Sam Bankman-Fried’s fraud trial on Friday. Wang claimed that the function required for Alameda to steal client funds had been baked into FTX’s computer systems back in 2019. Alameda was granted three special privileges at FTX compared to […]
