Day: December 16, 2022

Solana-Based Raydium Exchange Victim of 10-figure Exploit

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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

Double-Digit Losses Brings Doge Below Critical Level, More Pain To Follow?

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Dogecoin (DOGE) has seen some of the worst declines in the last week. The meme coin is already down double-digits during this time and is also recording losses on the daily charts. While this is not out of the ordinary given the current crypto market trend, the digital asset has been pulled below important critical levels, which would imply more declines. DOGE Could Go Down Further Given Elon Musk’s recent radio silence on his crypto plans for Twitter and thus Dogecoin by extension, the meme coin has been unable to…

Trump NFT Collection Sells Out, Price Surges

Some tokens are selling for much higher prices. The one-of-ones, the rarest of the NFTs which comprise 2.4% of the 45,000 unit collection (roughly 1,000), are selling for as much as 6 ETH at the time of writing. One of these rare trading cards of the 45th President standing in front of the Statue of Liberty, holding a torch is currently listed at 20 ETH, or about $24,000. Source

ADA Price Down 5% In Last Week Even As Trade Volume Increases

Cardano has been on the downside since ADA reached an all-time-high of $3.10 back in September 2021. As of writing, the 9th top crypto has dropped 5% in the last seven days. In comparison, major cryptocurrencies like Ethereum lost over 4.5%, and Bitcoin shed 2% in the same timeframe. However, CoinMarketCap displays a rise in trade volume from $221,898,095 to $277,239,103, which represents an increase of over 25%. Nonetheless, as the price of ADA continues to decline, this could be the beginning of something else for Cardano. Macroeconomics At Play In…

Bank of Russia stands against free crypto investment

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The Russian central bank is ready to consider allowing cryptocurrency use within the country but only as part of a legal experiment, governor Elvira Nabiullina said. “It’s possible to consider transactions through an authorized organization in the country as part of an experimental legal regime, but that would require a relevant law,” Nabiullina stated during a press conference of Bank of Russia on Dec. 16. The Bank of Russia’s only objection has always been that crypto cannot be used as a payment instrument, Nabiullina emphasized. She added that the central…

Bitcoin Falls Below $17,000; Mazars Pauses Work For Binance

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The Bitcoin price has once again fallen below the $17,000 mark after it became known that the auditing firm Mazars will pause its work with Binance. Already in the last few days, rumors and FUD about Binance intensified. As NewsBTC reported, investors are worried that Binance is not keeping enough reserves on hand for all their client funds. The impetus for the outcry was a proof-of-reserves conducted by Mazars that raised numerous new questions instead of answering the old ones. Remarkably, the auditing firm worked not only with Binance but…

Journalists Join Growing List of Banned Names

Some of the journalists on suspension from Twitter had shared observations or screenshots about the social media’s action against Mastodon. The Twitter accounts of many prominent journalists have now been placed on suspension without any specific explanation from the social networking service company. This came after the ban of an open-source social media alternative Mastodon. Before the suspension, the account linked to the Mastodon page (@ElonJet) had posted a link to the jet tracking account on its own service. The account belongs to Florida student Jack Sweeny and tracks the…

Binance Replies Delisted Mithril Request for BNB Insurance Sum Refund, Claims Entitlement to Partial or Whole Sum

Binance recently explained to delisted project Mithril that a clause in their contract entitles it to Mithril’s initial insurance deposit. Recently delisted Binance social network project Mithril (MITH) has asked the exchange to refund its initial insurance deposit. Mithril said it deposited 200,000 Binance Coins (BNB) as insurance for listing on Binance and now wants them back. However, the exchange’s outspoken CEO Changpeng Zhao recently came out to address those claims and provide more clarity regarding the listing terms. Sharing a screenshot of Binance’s contract with Mithril on Twitter, Zhao explained that the exchange…