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bob wrote a new post
1 year ago
Ardana Labs Closure: $4 Million in Funds Misused Through CEFI Exchanges
Ardana Labs, a project that aimed to provide an innovative stablecoin platform for the Cardano network, raised $10 million from investors in 2021. However, the project suddenly closed up shop in November 2022,…
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1 year agoCrypto Exchange Collapse: Can You Trust FTX?
Sam Bankman-Fried, the former CEO of cryptocurrency exchange FTX, is facing a criminal trial in the United States Justice Department. During jury selection on Oct. 3, Assistant U.S. Attorney Danielle Sassoon…
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1 year agoAlex Mashinsky to Stand Trial in September 2024 for Securities Fraud
Alex Mashinsky, the former CEO of Celsius, will stand trial in September 2024 for multiple counts of fraud, including wire fraud, securities fraud, commodities fraud, and conspiracy to manipulate the value of the…
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1 year agoCelsius Seeks Final Approval for Reorganization Plan, Repayments by Year-End
Celsius, a troubled cryptocurrency network, is currently in court seeking approval to initiate customer repayments by year-end and gain complete approval for its reorganization plan. The repayment to creditors will…
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1 year agoChainlink Data Streams Launched to Enhance DeFi Performance
Chainlink, a leading blockchain oracle ecosystem, has launched Chainlink Data Streams, an all-in-one data solution for decentralized applications (Dapps) and decentralized financial ecosystem (DeFi) developers. The…
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1 year agoCrypto and Web3 Projects Suffer 153% Increase in Attack Incidents in Q3 2023
Crypto and Web3 projects experienced a 153% increase in attack incidents from July to September 2023 compared to the same period in 2022, according to a report from blockchain security platform Immunefi. In Q3…
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1 year agoCross-Border Trading Experiment Using CBDCs and DeFi Technology Successfully Completed
The Bank for International Settlements (BIS) has successfully completed a cross-border trading experiment using central bank digital currencies (CBDCs) and decentralized finance (DeFi) technology. The experiment,…
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1 year agoAlex Mashinsky to Face Fraud Trial in September 2024
Alex Mashinsky, former boss of the now-defunct crypto lending firm Celsius, is set to begin his criminal fraud trial on September 17, 2024. US District Judge John Koeltl confirmed the news during a hearing on…
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1 year agoSEC Appears to be Warming Up to Spot Bitcoin ETFs
Jan van Eck, CEO of investment firm VanEck, and Matt Hougan, Chief Investment Officer of crypto investment firm Bitwise, both expressed optimism in an interview with CNBC yesterday that a spot bitcoin ETF could be…
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1 year agoSatoshi Nakamoto's Account Reappears After 5 Years, Sparking Speculation
The social media account with the username @satoshi has recently broken its silence on X, sparking curiosity and speculation within the cryptocurrency community. The account, attributed to the individual or group…
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1 year agoBinance to End Support for BUSD Stablecoin Amid Regulatory Pressure
Binance, a global crypto exchange, announced on Oct. 3 that it will end support for Binance USD (BUSD) borrowing and staking positions by Oct. 25, 2023. The exchange has urged its users to convert their BUSD…
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1 year agoBitstamp Introduces USDC on Stellar Network for Faster, Low-Cost Transactions
Bitstamp, a prominent cryptocurrency exchange, has announced its plan to embrace multi-chain functionality by introducing USDC on the Stellar network. This development marks the start of an exciting journey to…
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1 year agoEthereum Price Drops 5.3% as US ETFs Launch
Ether (ETH) traded at just above $1,650 on Oct. 3, after dropping 5.3% in two days. The price had advanced 10% in the last week of September and hit a local peak at $1,750 on Oct. 1. The correction followed the…
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1 year agoComposable Unveils Ethereum IBC Progress and Networking Opportunities at Cosmoverse'23 to Bridge Ecosystems and Innovate with Polkadot Support
Composable is a base layer connecting layer ones and layer twos, and is scaling IBC to other ecosystems to push the boundaries of trust-minimized interoperability. As a keynote speaker and Diamond Sponsor at…
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1 year agoUniswap Reaches 300 Million Swaps, Optimism for Bullish Price Growth High
Uniswap (UNI) has recently achieved a major milestone of 300 million swaps, indicating a resurgence in user activity and a major comeback for the leading Decentralized Exchange (DEX) protocol. This growth is…
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1 year agoBinance to Cease BUSD Loan and Lending Services by October 25
Binance, one of the largest crypto exchanges, has announced that it will cease borrowing and lending services for its native stablecoin Binance USD (BUSD) by October 25. This follows an earlier announcement in…
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1 year agoCardano Tops Developer Activity Chart Despite Crypto Market Slowdown
Cardano has seen a surge in development activity in September, with developers consistently driving the network’s progress. According to the latest chart from CryptoDep, Cardano topped the chart for developer a…
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1 year agoBitcoin Rally Defies Traditional Market Trends
Bitcoin’s recent rally past $28,000 has defied traditional market trends, with open interest, as a percentage of Bitcoin’s market cap, approaching an annual low. This surprising contraction in speculative tra…
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1 year agoShiba Inu (SHIB) Struggles to Breakout Despite Bullish Market Outlook
Amidst a bullish start to October, Shiba Inu (SHIB) has experienced a breakout delay. Despite the hype around Ether futures ETF products, their performance has been underwhelming leading to ETH’s poor p…
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1 year agoCosmos Nomic DAO to Take Control of Bitcoin Bridge After Upgrade
The Bitcoin Cosmos Nomic DAO will take control of the bridge after a planned upgrade. This upgrade is scheduled to take place on October 3, 2023.The bridge is a system that allows users to transfer funds between…
