Day: December 16, 2022

US Rings Crypto Warning Bell That Regulators Say Only Congress Can Silence

In a separate closed-door portion of the meeting, the regulators – including Gary Gensler, the head of the Securities and Exchange Commission (SEC), and Rostin Behnam, who runs the Commodity Futures Trading Commission (CFTC) – discussed the recent crypto market dramas. According to a summary of that conversation later released by the Treasury Department, the members are watching those developments closely and “spillovers to the traditional financial system have remained limited” so far. Source

Judge Overseeing FTX Bankruptcy Says News Orgs. Can Argue to Unseal Creditor List

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity…

The Best Bitcoin Lightning Payment Solutions

boss

This option is made by a Slovakian company, and offers a similar service to BitPay for 0.8% fee. The app, which only requires an email to use, allows automatic daily settlement in crypto or fiat to a personal wallet or bank account. Though, KYC is required for fiat withdrawals. When I tested the app, I found that the BTC/EUR conversion rate was an average of 0.5% higher than prices listed on CoinMarketCap. Further, the app did not show the exchange rate or data source. There is a maximum of 0.03…

Polygon Profitability Tanks As MATIC Nosedives 5.6%

MATIC has had a rollercoaster of a year. Its price has fluctuated between cycle peaks and cycle lows year-to-date but has seen some good recoveries as well. However, as the week draws to a close, MATIC dove off its $0.9 cliff, and investor profitability has plummeted right along with it. MATIC Loses 5.6% In 24 Hours Over the last 24 hours, the price of MATIC is already down more than 5.6%, according to data from TradingView. The digital asset which had been able to maintain its $0.9 level for the…

Raydium is attacked, loses $2M

Solana-based decentralized finance protocol Raydium has suffered an exploit, according to a statement from the developer. An initial investigation by the team revealed that the attacker took over the exchange’s owner account. The team said that “authority” over the automated market maker and farm programs has been paused “for now.” Twitter user and researcher ZachXBT reported that the attacker has bridged $2 million to Ethereum “so far.” An exploit on Raydium is being investigated that affected liquidity pools. Details to follow as more is known ⁰Initial understanding is owner authority…

Raydium is attacked, loses $2 million

boss

Solana DeFi protocol Raydium has suffered an exploit, according to a statement from the developer. An initial investigation by the team has revealed that the attacker has taken over the exchange’s owner account. The team says that “authority” over the automated market maker and farm programs have been paused, “for now.” A twitter user who goes by the handle ZachXBT has reported that the attacker has bridged $2 million “so far” to Ethereum. An exploit on Raydium is being investigated that affected liquidity pools. Details to follow as more is…

Accounting Firm Mazars Stops Proof-of-Reserve Audits for Crypto Firms, Binance Audit Removed From the Web – Bitcoin News

boss

The accounting firm Mazars Group has stopped doing proof-of-reserves (POR) audits for cryptocurrency exchanges and the recently published Binance POR has been removed from the web. Mazars was conducting a number of POR audits for crypto exchanges like Binance, Crypto.com, and Kucoin following the FTX collapse last month. Mazars Group Pauses Crypto Company Audits, Binance POR Scrubbed From the Web Reports detailed on Dec. 16, 2022, that the accounting firm Mazars Group has paused doing POR audits for cryptocurrency exchanges. On Friday, a Binance spokesperson told CNBC that “Mazars has…

Solana-Based Raydium Exchange Victim of 9-figure Exploit

Raydium, which allows users to trade between different cryptocurrencies without the use of an intermediary, is one of the premier platforms in Solana’s beleaguered decentralized finance (DeFi) ecosystem. According to its own numbers, Raydium has around $45 million locked in trading pools and facilitated around $4 million in trades in the past 24 hours. It is unclear whether that $4 million includes the improper withdrawals from the attacker. Source 9figureExchangeExploitRaydiumSolanaBasedVictim CryptoX Portal