Stablecoins are once again available in Canada
The Canadian Securities Administrators (CSA) have released preliminary rules for cryptocurrency platforms that allow the use of stablecoins under certain conditions.
Binance Continues to Lose Ground
Over the past seven months, Binance’s market share in the cryptocurrency spot market has dwindled from 55.2% to 34.3%, and in the derivatives market, it has dropped to 51.5%.
A Grim Prediction for Sam Bankman-Fried
Martin Shkreli, previously convicted of financial wrongdoing in the healthcare sector, has made a somber forecast regarding the upcoming court hearing for Sam. His analysis centers on the composition of the jury, and he anticipates unfavorable outcomes.
Hidden Truth Behind Binance’s Billion-Dollar ICO
Forbes, in a recent investigative report, has shed light on the 2017 ICO (Initial Coin Offering) conducted by Binance, and it paints a different picture of its success than previously believed.
USDT has Stood the Test of Time for a Solid 9 Years Now
On October 6, 2014, the first-ever USDT transaction took place, marking the beginning of this stablecoin’s journey. Since then, USDT has weathered its fair share of FUD (Fear, Uncertainty, Doubt). However, it’s worth noting that USDT has also had several instances where it temporarily lost its peg to the US dollar.
Former FTX Executive Discovers Millions of Dollars in Airdrops
Zane Tackett, the former Head of Institutional Sales at FTX, shared that he once stumbled upon millions of dollars worth of airdrops that the exchange had overlooked.
Ethereum Faces Centralization Concerns
JPMorgan’s research report reveals that Ethereum has witnessed a surge in ETH staking following the Merge and Shanghai upgrades. However, this growth comes at a cost: increased centralization and reduced overall staking yields.
Arthur Hayes Publishes Final Essay: ‘Double Happiness’
This marks the conclusion of Arthur’s essay series on the intersection of AI and crypto.
ThorChain Hits $355 Million Transaction Record Amid Hacker Surge
ThorChain’s transaction volume has surged to a record $355 million. An influx of hacker activity on the network has led to total transactions topping $1 billion in just five days. Over the past four months, over 50% of the funds swapped from ETH to BTC on ThorSwap have been stolen.
SEC Sues Elon Musk for Testimony in Twitter Purchase Probe
The SEC, which has been investigating Elon’s 2022 Twitter share purchase, is now taking legal action to compel his testimony and compliance with their subpoena.
$7 billion Laundered, $3 billion More in the Pipeline?
Elliptic’s recent report unveils $7 billion laundered through DeFi platforms and non-KYC exchanges, and the trend is far from over.
Messari Unveils Its Crypto Fundraising Report
In Q3 2023, crypto fundraising hit a three-year low, with just $2.1 billion raised across 297 deals, according to the company’s findings.
Argentine Peso Drops Following Digital Currency Announcement
The Argentine peso has hit an all-time low in response to presidential candidate Sergio Massa’s proposal to introduce a digital currency.
Luxury SBF planes can now be confiscated
The U.S. Department of Justice has announced that, with an official legal case launched against the founder of FTX, the government now has the authority to seize two private planes belonging to the billionaire.
FriendTech Bolsters Security with Email-Based Accounts
FriendTech, a crypto-based social media platform, has introduced email-based accounts as an alternative to phone numbers. This move comes in response to multiple reports of SIM swap attacks targeting FriendTech users.
DAOs — A Solution to the “Brain Drain” in Science
In a recent publication, the renowned scientific journal Nature has offered a positive assessment of the potential of decentralized autonomous organizations (DAOs) for researchers facing limited funding.
OP Labs Introduces a Fault-Proof System on OP Goerli
OP Labs, backing the Optimism network, launched a testnet version of its novel fault-proof system aimed at bolstering both efficiency and decentralization. At present, OP Stack employs centralized sequencers to bundle and send transactions to Ethereum. However, this method prohibits users from challenging the process in case of fraudulent transactions.
Crypto-Friendly Lawmaker McHenry Assumes Temporary Speaker Role
Crypto-friendly Rep. Patrick T. McHenry (R-N.C.) has assumed the role of Speaker of the House pro tempore following the ouster of Rep. Kevin McCarthy (R-Calif.). The House voted to remove McCarthy amid a power struggle with far-right lawmakers. McHenry, who is also the chair of the House Financial Services Committee, has been active in advancing crypto regulation bills.
SEC’s Appeal Against Ripple Was Denied!
A federal judge denied the U.S. Securities and Exchange Commission’s (SEC) request for an appeal against Ripple, asserting that the regulator did not demonstrate significant reasons to justify disagreements in opinions. However, he has set a court hearing date for April 2024 to address certain issues in the case.
LayerZero and Conflux Join Forces to Introduce BSIM
The crypto company LayerZero has forged a partnership with Conflux to roll out a blockchain-based SIM card (BSIM), co-developed by China Telecom. This partnership aims to simplify cross-chain fund transfers, leveraging LayerZero’s innovative exchange mechanisms. While it’s uncertain whether they can attract China Telecom’s 390 million users, the LayerZero CEO remains optimistic.
The Fed Identifies Key Factors Behind Silvergate Bank’s Collapse
According to the Federal Reserve’s investigation, Silvergate Bank faced significant challenges due to its exposure to high-risk cryptocurrency deposits and ineffective upper-level management. A significant portion of the bank’s deposits were sourced from crypto companies, which lacked traditional insurance and failed to generate substantial interest income.
Chia Network Cuts Workforce by Nearly Half
The blockchain platform, founded by Bram Cohen, the creator of BitTorrent, has downsized its workforce, reducing it by 26 out of 70 employees. This development follows Chia’s 5 months filing with the SEC for its public listing, which faced setbacks due to the collapse of its banking partner, Credit Suisse. The company is also considering its first-ever token sale.
Trading Volumes Hit Annual Lows in September
With $549 billion, September recorded the lowest trading volume of the year for Bitcoin futures. The list of leaders comprises: Binance with $247 billion in trades OKX with $95 billion ByBit accounting for $75 billion Bitget recording $68 billion On another note, DEX platforms also set an annual low with a trading volume of $32 billion.With $549 billion, September recorded the lowest trading volume of the year for Bitcoin futures.The list of leaders comprises: Binance with $247 billion in trades OKX with $95 billion ByBit accounting for $75 billion Bitget recording $68 billion On another note, DEX platforms also set an annual low with a trading volume of $32 billion.
Is ThorSwap Facilitating Illicit Activities?
A recent investigation into ThorSwap, a platform enabling asset transfers across blockchains, raises concerns about its misuse by hackers from North Korea and russia. In the last four months, more than 50% of ETH converted to BTC through ThorSwap has been linked to either previous thefts via exploits or money laundering activities. The study’s author highlights that criminal entities often exploit decentralized technologies. However, many developers seem to overlook this issue.
The Day the Creator of the Silk Road Got Arrested
On October 1, 2013, the Federal Bureau of Investigation arrested Ross Ulbricht in San Francisco Public Library in Glen Park. To prevent Ulbricht from encrypting or deleting files on the laptop he used to run the website, two agents, pretending to be a couple, began to argue. When they successfully distracted Ross, a third agent seized the laptop and inserted a flash drive with software that copied key files. Ulbricht was remanded without bail and received two life sentences. Who is Ross Ulbricht and why does every crypto trader know about Silk Road – find out in our article.
Opinion
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Who Is Crypto Kaleo: A Market Analyst with 700,000 Followers
Crypto Kaleo is a renowned crypto trader and one of the most followed influencers in the industry. Active since 2017, he has built a strong presence on X, TradingView, and other platforms, sharing technical analysis, market predictions, and insightful commentary on the crypto space.
Investigation
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Zora Network Reviewed: A Testnet Guide
Are sky-high Ethereum fees getting you down? The folks at Zora have come up with an alternative, introducing their Layer 2 solution with lower transaction fees. This article will walk you through how to get involved with the project and earn some rewards.