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   Business News    Business News   Business News

  Posted by u/ 12 months ago

DOJ Wants to Block Sam Bankman-Fried From Bringing Up Anthropic AI Raise in Court

The U.S Department of Justice wants the judge overseeing its case against Sam Bankman-Fried to block the defense team from introducing any evidence that his stake in artificial intelligence company Anthropic will benefit FTX creditors after the company's recent fundraise.

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  Posted by u/ 12 months ago

Gary Wang Exposes FTX Collapse and Sam Bankman-Fried?s Actions

Gary Wang, a key figure in the unraveling of FTX collapse, testified against his former MIT college roommate, Sam Bankman-Fried.

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  Posted by u/ 12 months ago

Stars Arena Secures Funds in Gnosis Safe Wallet, Access Returns

Stars Arena, the social protocol built on the AVAX network, has taken concrete steps to enhance the security and integrity of its platform Gnosis Safe wallet.

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  Posted by u/ 12 months ago

Upbit BNT Accumulation of 4.71M in Just 11 Hours!

BNT cryptocurrency has experienced a significant surge in its price, marking a remarkable increase of nearly 40% within a single day (Upbit BNT accumulation).

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  Posted by u/ 12 months ago

UniSat Wallet V1.1.31 Update Tackles Taproot Signature Challenge!

UniSat Wallet has unveiled a game-changing update with UniSat Wallet v1.1.31 update, packed with exciting new features and essential bug fixes that promise to enhance the user experience and bolster security.

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  Posted by u/ 12 months ago

Investor Disagreements Force FloorDAO to Send $2.5 Million to Splinter Faction \x93 What's Going On?

FloorDAO, a crypto group focused on NFT finance, has split into two separate entities due to disagreements among investors.

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  Posted by u/ 12 months ago

Friend.tech Records Largest Single-Day TVL Drop

Friend.tech's TVL dropped 7.8% in a single day, signaling a downturn. Sim swap attacks raise concerns over network security.

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  Posted by u/ 12 months ago

Roughly $7B in Crypto Laundered Through DEXs, Cross-Chain Bridges, and Coin Swaps: Report

Elliptic's previous estimation has been exceeded.

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  Posted by u/ 12 months ago

Digital Yuan Giveaways Driving Adoption, Chinese Central Bank Claims

The Chinese central bank has claimed that its program of digital yuan giveaways is helping to drive up CBDC adoption.

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  Posted by u/ 12 months ago

China Stocks Slip as Traders Return From Golden Week Break

China Stocks Slip as Traders Return From Golden Week Break

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  Posted by u/ 12 months ago

JPMorgan, Citi Prepare for Fed?s Higher-For-Longer Approach: US Earnings Week Ahead

JPMorgan, Citi Prepare for Fed?s Higher-For-Longer Approach: US Earnings Week Ahead

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  Posted by u/ 12 months ago

Trump will not be speaker of the House, GOP lawmaker vows

Republican Rep. Ken Buck, who voted to oust House Speaker Kevin McCarthy, vowed that former President Donald Trump won't become the new speaker.

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  Posted by u/ 12 months ago

Congress without a House speaker is 'dangerous,' GOP Rep. McCaul says

The U.S. House is paralyzed without a speaker as American allies are at war in Ukraine and Israel.

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  Posted by u/ 12 months ago

Hong Kong Looks to Curb Retail Stablecoin Trading Amid Crypto Adoption

Hong Kong is considering measures to restrict retail stablecoin trading for individual investors in response to the increasing adoption of cryptocurrencies, as stated by a local official.

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  Posted by u/ 12 months ago

Long and short positions, explained

Long positions involve buying assets to profit from price increases, while short positions entail selling borrowed crypto, aiming to repurchase it cheaper for profit.

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  Posted by u/ 12 months ago

What is finality in blockchain, and why does it matter?

Finality ensures irreversible transactions ? crucial for trust and security ? prevents double-spending and fraud, and keeps blockchain records immutable.

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  Posted by u/ 12 months ago

Bitcoin Price Prediction as BTC Projected to Reach $28,435 by Mid-October \x93 Is a 9% Surge on the Horizon?

Bitcoin has been making waves in the cryptocurrency market recently, with speculation suggesting that the leading cryptocurrency might be on track to reach $28,435 by the middle of October. Recent forecasts posit that Bitcoin could touch a noteworthy value of $28,435 by mid-October, representing a prospective 9% uptick.

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  Posted by u/ 12 months ago

September Marked Record Profits for Bitcoin Miners

Several bitcoin mining companies have shared their stellar results for the past month.

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  Posted by u/ 12 months ago

Friend.tech sees soaring revenue; whales dive deep into Flow & InQubeta

In the rapidly evolving world of cryptocurrency and decentralized platforms, many projects face challenges, both technical and reputational, before they find their footing and begin to thrive. Friend.tech is one such platform that, despite criticisms, is showing its mettle with increasing revenue numbers.  Simultaneously, big investors or ‘whales’ are eyeing two top altcoins with immense […]

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  Posted by u/ 12 months ago

Stars Arena hacked as Memeinator token sale gains strength

SocialFi is becoming a fast-growing industry in the crypto sector. Stars Arena announced a major hack in its ecosystem. Meminator has raised over $643k in the past few days. Stars Arena, the fast-growing social app, announced a major attack on Saturday, a day after the developers stopped another one. In a tweet (or X), the […]

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  Posted by u/ 12 months ago

SBF trial underway, Mashinsky trial set, Binance?s market share shrinks: Hodler?s Digest, Oct. 1-7

Sam Bankman-Fried trial is underway, Alex Mashinsky trial data is set, and Binance?s market share shrinks.

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  Posted by u/ 12 months ago

Bitcoin at 'Risk of Falling,' Ether ETFs Lackluster Performance Dismays Traders

Data shows that broader crypto markets lost just under 1% in the past 24 hours.

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  Posted by u/ 12 months ago

FloorDAO Sends $2.5M to Splinter Group After Months of Fighting Over Financial Commitments

The so-called decentralized autonomous organization initially formed to focus on building products, but activist investors who showed up were more interested in the project's treasury.

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  Posted by u/ 12 months ago

Avalanche Social App Stars Arena Drained of $3M in AVAX After Hack

The newest viral application launched nearly a week ago and quickly gained a cult following.

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  Posted by u/ 12 months ago

Justin Sun Wallet Withdrawal $37.7M ETH Stash from Lido

Justin Sun wallet withdrawal $37.7M ETH from the decentralized finance (DeFi) platform Lido.

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  Posted by u/ 12 months ago

iToken Wallet Scandal: 273k USDT Vanishes, Chinese Police Launch Investigation!

iToken wallet scandal that has sent shockwaves through the cryptocurrency community, users of the iToken wallet (formerly known as Huobi Wallet) reported the theft of a substantial sum on October 3rd.

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  Posted by u/ 12 months ago

Stars Arena Social Protocol Hacked, $3 Million in Damage

Stars Arena fell victim to a significant social protocol hack, resulting in approximately $3 million in losses.

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  Posted by u/ 12 months ago

Galxe Hack: $270K Stolen, Site Restored to Normal Operations!

Galxe hack has officially announced that its site is fully restored and operational following a significant security breach.

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  Posted by u/ 12 months ago

The former CEO of Voyager may faces enforcement action from the CFTC in the US

CEO of Voyager faces enforcement action from the US CFTC.

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  Posted by u/ 12 months ago

Weekly Top Crypto News (October 2 ? October 8)

Bitcoin briefly rose beyond the $28,000 barrier in the first week of October 2023. Here, let's review this week's top crypto news with Coincu!

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  Posted by u/ 12 months ago

Galxe Website Compromised, Balancer Hackers Likely Responsible

Hackers behind the Balancer attack may be responsible for Galxe's website security breach.

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  Posted by u/ 12 months ago

Friend.tech Developers Amass Nearly $20 Million Since August Debut

The development team behind friend.tech has amassed nearly $20 million in revenue since its launch in August.

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  Posted by u/ 12 months ago

Japan to Embrace Dogecoin?s Dog Statue in November

Dogecoin community funds bronze Kabosu statue in Japan's Sakura Furusato Square.

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  Posted by u/ 12 months ago

Hong Kong Increases Crypto Exchange Scrutiny Following JPEX Fiasco\xa0

Hong Kong's securities regulator and police have set up a joint task force to monitor and investigate suspicious activity at cryptocurrency exchanges.

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  Posted by u/ 12 months ago

Archery lessons seemed threatened, setting off a firestorm. A new law protects them

Rural school district leaders breathed a sigh of relief after President Joe Biden signed legislation protecting funding for hunting education.

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  Posted by u/ 12 months ago

SocialFi app Stars Arena dispels ?coordinated FUD? after patching ?noob? vulnerability

A fault in the Stars Arena price function allowed hackers to escape with roughly $2,000; however, the vulnerability has since been patched.

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  Posted by u/ 12 months ago

Kraken Announces Acquisition of Coin Meester B.V. in Move Towards European Expansion

Kraken, a San Francisco-based cryptocurrency exchange, has announced its intention to acquire Coin Meester B.V. (BCM) in the Netherlands.

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  Posted by u/ 12 months ago

Japan's Largest Crypto Exchange Operator Monex Seals Deal with Telecoms Giant NTT Docomo

The capital and business alliance agreement would let both parties establish an intermediate holding company on January 4, 2024.

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  Posted by u/ 12 months ago

Estonian Crypto Firms Engage in 'Massive-Scale' Fraud and Aid Russia Evade Sanctions: Report

An international consortium of journalists reviewed close to 300 crypto firms registered in Estonia and discovered \x9cdozens of crimes.\x9d

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  Posted by u/ 12 months ago

THORSwap goes into 'maintenance mode' to counter illicit funds movement

THORSwap acknowledged the ongoing illicit use of the DEX and are acting to find a permanent block to the misuse.

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  Posted by u/ 12 months ago

Wirex Unveils Zero-Knowledge Proof-Based Non-custodial Crypto Debit Card Service

Wirex, a global digital payment platform, has introduced W-Pay, an App Chain that leverages Zero-Knowledge (ZK) technology.

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  Posted by u/ 12 months ago

OKX exec says KYC will ?raise the bar,? bring real capital into crypto: Blockchain Economy Dubai 2023

Lennix Lai, OKX?s global chief commercial officer, told Cointelegraph that bringing traditional finance investors into the space would require raising compliance standards.

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  Posted by u/ 12 months ago

Elliptic Report Reveals $7 Billion in Crypto Laundering via DEXs and Bridges

A report from Elliptic has uncovered that $7 billion in 'illicit or high-risk funds' has been laundered through DEXs, cross-chain bridges, and non-KYC exchanges.

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  Posted by u/ 12 months ago

First Look: Art gallery in Dubai to educate artists on NFTs, Web3

37xDubai founder Danilo Carlucci said that the gallery uses NFTs based on the Tree of Life art display as their membership token.

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  Posted by u/ 12 months ago

EU's Securities Regulator Publishes Consultation Paper Ahead of MiCA

The European Union financial markets regulator, the European Securities and Markets Authority (ESMA) has released a second consultation paper on the Markets in Crypto Asset (MiCA) regulation.

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  Posted by u/ 12 months ago

Canada's Regulators Clarify Interim Stablecoin Regulations Amid Market Concerns

The Canadian Securities Administrators (CSA) has released interim terms and conditions to guide cryptocurrency exchanges and asset issuers on stablecoin investments following its previous decision.

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  Posted by u/ 12 months ago

Crypto VC Funding Declines Again in Q3 as Crypto Winter Drags On

While VC funding declined for crypto firms declined for a sixth successive quarter in Q3 2023, funding remains 2-3x above its 2018-2020 levels.

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  Posted by u/ 12 months ago

September sets 2023 exploit record, and DAOs can democratize science: Finance Redefined

September was the biggest exploit month in DeFi, with over $300 million in losses, taking the crown from August.

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  Posted by u/ 12 months ago

Backed Finance Rolls Out Crypto-Backed BlackRock ETF on Base Protocol

Switzerland-based blockchain protocol Backed Finance has launched the first-ever tokenized government bond on the Base network.

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  Posted by u/ 12 months ago

Crypto Custody Firm Komainu Receives Custodial Approval from UK's FCA

Komainu, a digital asset custody service, has announced its custodial approval from the UK Financial Conduct Authority (FCA).

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