Day: August 3, 2022

Coinbase exec at heart of insider trading scandal pleads not guilty in federal court

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Former Coinbase Global product manager Ishan Wahi pleaded not guilty to two counts of wire fraud conspiracy and two counts of wire fraud in a Manhattan federal court on Wednesday, Reuters reported. Wahi is accused by United States law enforcement and the Securities and Exchange Commission (SEC) of insider trading while at Coinbase. He was arrested in May as he attempted to board a flight to India and was charged in July. Specifically, Wahi is accused of passing confidential information to his brother Nikhil and friend Sameer Ramani about cryptocurrencies Coinbase…

Solana Hot Wallets Suffer Ongoing Attack, Roughly $5M Stolen Thus Far

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We’re on the heels of cross-chain bridge Nomad suffering a demolishing hack earlier in the week, and now hackers are doubling down with an attack on Solana hot wallets mid-way through the week. On Tuesday afternoon, reports emerged of some sort of vulnerability that was taking advantage of Solana-based wallets. Approaching 24 hours later, there are still quite a bit of unknowns, and we’re approaching nearly $5M of hacked funds. Let’s take a look at what we do know so far. A Solana Scare Nearly 10,000 wallets across mobile users…

Hackers might be responsible for removing $4.8M from crypto exchange ZB.com: PeckShield

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Blockchain investigator PeckShield has reported roughly $4.8 million in crypto moved from ZB.com amid the exchange announcing the suspension of withdrawals. In a Wednesday tweet, PeckShield speculated that hackers might be responsible for transferring 21 types of tokens off of the exchange starting on Monday, including Tether (USDT), Shiba Inu (SHIB), and Tesra (TSR). According to the blockchain investigator, the funds totaled roughly $4.8 million at the time of publication. The total funds being transferred out from @ZBexchange are ~$4.8M and here is the detailed breakdown of tokens: https://t.co/uMpkvxtOAo pic.twitter.com/xo373Zyge1…

Crypto Exchange Binance Reveals Reserves Backing BUSD Stablecoin in Push for Transparency

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The world’s largest cryptocurrency marketplace is sharing data about the money behind its own US dollar-pegged stablecoin. In a new announcement, Binance says that it will regularly provide updates about the reserves behind the popular Binance USD (BUSD). The move comes after several digital assets and their affiliated projects have collapsed this year while causing tens of billions of dollars in losses worldwide. Binance says that, unlike other so-called stablecoins, BUSD is not only “100% backed by cash and cash equivalents” but also regulated and approved by the New York…

FIQUE DE OLHO NESSA BARRA! ANÁLISE BITCOIN E ETHEREUM HOJE – Augusto Backes

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Meme Coin CateCoin Silently Balloons Over 250%

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CateCoin (CATE) is doing the cat walk as it skyrockets by over 250% amid the crypto market’s bizarre movement. The slow yet steady gains of CATE shows how low market cap coins can advance and give decent rewards. CATE Pumps Up Price by 16.63% According to CoinMarketCap, CATE meme coin is rising steadily as it pumps the price by 16.63% or 0.000001057.  More so, CATE has spiked in price triggered by the increase in trading activity and hype coming from social media. Judging by the current technical analysis on the…

Senators Stabenow, Boozman introduce crypto bill that extends CFTC’s regulatory powers

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United States Senate Agriculture Committee chair Debbie Stabenow and ranking member John Boozman introduced the Digital Commodities Consumer Protection Act bill on Wednesday. The bill has been expected for several months. Like the Digital Commodities Exchange Act (DCEA) introduced into the House of Representatives by members of the House Agriculture Committee in April, the new bill enlarges the role of the Commodity Futures Trading Commission (CFTC). The new bill is not the companion to the DCEA, however. According to the summary, the bill’s definition of digital commodities “includes Bitcoin and Ether and excludes certain…