The platform will be run by a trio of state-owned and private entities: China Technology Exchange and Art Exhibitions China, both of which are government-backed, and Huban Digital, a private company, according to a report by Chinese state media outlet China Daily. Source
On Dec. 27, 2022, a number of onchain researchers noticed that funds connected to Alameda Research and FTX have moved and have been swapped for other tokens. Reports show the hacker known as the ‘FTX Accounts Drainer,’ traded large sums of ERC20 tokens for digital assets like tether, ethereum, and bitcoin. Funds Tied to Sam Bankman-Fried’s Alameda Research Traded for Ethereum, Tether, and Bitcoin It seems whoever controls the funds that once were connected to Alameda and FTX is starting to move a large handful of ERC20 tokens. According to…
The severe winter storm in North America shut down Binance’s cloud mining products between Dec. 24-26, according to an official announcement on Dec. 28. As a result of the power outage, the company announced that users’ subscriptions to cloud mining products were extended for three days. Binance has noted that further outages as a result of the weather conditions will extend the duration of cloud mining subscriptions. The exchange’s cloud mining service, launched nearly a month ago, allows users without mining equipment to earn mining rewards from Binance Pool. Subscriptions…
Place/Date: Toronto, Canada – December 28th, 2022 at 8:18 pm UTC · 3 min read Contact: Melissa Tirey, Source: Shift6 Studios Dr. Ming Wu, co-founder of Conflux Network, was invited to Hong Kong to speak with various government and private organizations about the digital economy, innovation and technology, and has reached an initial strategic cooperation intention. Conflux is already in the process of registering related entities for the entry into Hong Kong, solidifying its role as foundational infrastructure for Web3. This follows October’s announcement of the “Policy Declaration on the…
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In this week’s newsletter, read about investment giant Fidelity planning to enter the nonfungible token (NFT) space and how Italy’s NFT market will grow. Check out how North Korean hackers use phishing websites to target NFT holders and listen to a conversation with Crypto Raiders in the NFT Steez podcast. And, don’t forget this week’s Nifty News featuring Japanese gaming firm Square Enix investing millions in an NFT game developer. Fidelity plans NFT marketplace and financial services in the metaverse On Dec. 21, investment firm Fidelity filed three trademark applications…
3Commas allows users to set up trading bots that automatically execute trades on their behalf on third-party crypto exchanges. Those exchanges generate API keys, and users plug those keys into 3Commas in order to grant the app access to their accounts. The API keys included in this week’s leak were, according to the leaker, generated on Binance and KuCoin. Source
Crypto exchange Gemini is reportedly being hit with a class action lawsuit along with its founders for allegedly selling unregistered securities. According to a new report from Bloomberg, Gemini, along with its founders, the Winklevoss brothers, are the target of a lawsuit claiming they sold interest-bearing accounts through the firm’s Earn program as unregistered securities. Under the Earn program, Gemini partnered up with crypto lender Genesis to provide traders with up to 8% returns on their holdings. However, earlier this month Genesis announced that FTX’s collapse greatly affected its finances…
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The current Bitcoin cycle might be its “most challenging” one yet if the drawdown in this on-chain metric is anything to go by. Total Amount Held By 1k-10k BTC Value Band Has Sharply Gone Down Recently As pointed out by an analyst in a CryptoQuant post, the latest drawdown in the holdings of the 1k-10k BTC value band is the most drastic in the history of the crypto. The relevant indicator here is the “UTXO Value Bands,” which tells us the total amount of coins each value band is holding…