Talk of a lengthy crypto winter has many investors fretting, so the bullishness among professionals with much at stake stands out. As with conventional markets such as stocks, though, crypto’s path does probably hinge on whatever the Federal Reserve does with U.S. interest rates. And, indeed, Cumberland’s clients took that view. “It’s very striking that the most common response for both positive and negative catalysts is movement by the Fed,” according to the report. Original
Month: August 2022
Fintech Firm Galoy Raises $4 Million, Startup Introduces Bitcoin-Backed Synthetic Dollar Product – Bitcoin News
On Wednesday, Galoy, the firm behind El Salvador’s Bitcoin Beach Wallet, announced that the company raised $4 million in funding in an investment round led by Hivemind Ventures. On the same day, the startup launched a new product called Stablesats, a stablecoin concept that leverages derivatives contracts to create a bitcoin-backed synthetic dollar pegged to the U.S. dollar. The Stablesats product allows people to transact via the Lightning Network and hedge against crypto market volatility at the same time. Fintech Startup Galoy Raises $4 Million in a Funding Round Led…
Coinbase exec at heart of insider trading scandal pleads not guilty in federal court
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…
BLOCKCHAIN – [ Bitcoin – SCRIPT ] – UNCONFIRMED TRANSACTION BLOCKCHAIN – SCRIPT – 2022
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io This new blockchain.com hacks unconfirmed transactions and directs them to your wallet directly. ✓ NEW UPDATE … ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version
Solana Hot Wallets Suffer Ongoing Attack, Roughly $5M Stolen Thus Far
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…
Market Wrap: Bitcoin Reverses Course, Pushes Higher, $21K Is ‘Point of Control’
The crypto rose despite some turmoil in the industry. Original
Hackers might be responsible for removing $4.8M from crypto exchange ZB.com: PeckShield
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
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…
Solana’s Latest $6M Exploit Likely Tied to Slope Wallet, Devs Say
In the second day of the exploit that’s stolen at least $6 million in various in tokens from users of the Slope and Slope-tied Phantom wallets, the Twitter account tied to the blockchain’s marketers is blaming the software of the wallets, and not its own code, for the attack. Source
FIQUE DE OLHO NESSA BARRA! ANÁLISE BITCOIN E ETHEREUM HOJE – Augusto Backes
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