The group says it’s retrieved all the funds after offering a bounty to the hacker. Source
Defrost Finance Denies Rug Pull Allegations Amid $12M Exploit
Month: December 2022
Bitcoin ‘not undervalued yet’ says research as BTC price drifts nearer $16K
Bitcoin (BTC) may not be good value enough for a macro price bottom, according to analysis from CryptoQuant. In a blog post on Dec. 29, a contributor to the on-chain analytics platform flagged one BTC price indicator with further to fall. Profitability indicator lacks key cross At nearly 80% below all-time highs, BTC/USD is nearing the zone in which it bottomed during previous bear markets. As CryptoQuant’s MAC_D notes, there is no shortage of instruments pointing to the 2022 bear market bottom already forming. Despite this, however, the signs are…
FTX Japan to Allow Customers to Withdraw Funds Starting in February
In mid-January, FTX Japan customers will first be directed to set up an account with Liquid Japan, a local crypto exchange purchased by FTX earlier this year. Then, after customers check their balances, withdrawals will be made available as of mid-February, according to the post. Source
What is USD Coin (USDC), fiat-backed stablecoin explained
USDC offers instant payments, saves users from the cryptocurrency market’s price volatility and is audited by a regulated auditing firm, making it a transparent stablecoin. However, it does not offer price appreciation opportunities, and investors may incur high transaction and withdrawal fees while dealing with USDC. One of the key advantages of the USD Coin is the speed of the transaction. Usually, one must wait a long time to send and receive USD because institutions such as banks and their complex procedures slow down the processing of transactions. Nonetheless, USDC…
Hall of Flame – Cointelegraph Magazine
Name: Mati GreenspanAnonymous: NoTwitter followers: 48,000Known for: The “face” of eToro for years, Greenspan is a rare moderate voice on Crypto Twitter. Who is this guy anyway? The friendly but cynical Mati Greenspan became a well-known crypto market commentator in publications such as Forbes, Bloomberg and The Wall Street Journal as a senior market analyst for eToro until he set off on his own by founding research and advisory firm Quantum Economics in 2019. He’s been on Cointelegraph’s Top 100 Notable People in Blockchain for the last two years. Unlike…
FTX Japan to Refund Customers & Shut Down Operations in Q1 2023
FTX Japan has created systems to refund crypto assets to customers after suspending withdrawals in the previous month. According to reports, FTX Japan looks to refund customers from February next year following the spectacular FTX crash. In a statement, the exchange’s Japanese subsidiary explained that it is developing a process that facilitates customer recovery of stuck assets. Local crypto exchange Liquid Japan would be instrumental in this fund recovery phase. FTX had previously acquired Liquid Japan in an undisclosed deal in the spring. The FTX Japan refund announcement read: “For the assets entrusted to…
Central Bank Gold Demand Rose at the Fastest Pace in 55 Years, Analyst Says Silver Could Outperform Gold in 2023 – Bitcoin News
According to a myriad of reports, the People’s Republic of China has been buying hoards of gold during the last year. Consequently, World Gold Council (WGC) statistics show the demand for gold by central banks has risen at the fastest pace in 55 years. Meanwhile, Wells Fargo’s head of real asset strategy, John LaForge, contends that when silver starts outperforming gold, it usually signals it is “closer to a bull market in precious metals versus the other way.” The World’s Central Banks Are Hoarding Large Sums of Gold, China Recently…
Did DOJ Just Classify MNGO as Commodity?
The arrest of Mango Markets exploiter has drawn reactions from the crypto community, particularly regarding the terms of the charges he faces. Mango (MNGO) markets exploiter, Avraham Eisenberg, was recently arrested in Puerto Rico on charges bordering on market manipulation and fraud. The arrest followed after the crypto investor took advantage of a loophole on the DeFi trading platform Mango Markets. The mid-October exploit saw Eisenberg making away with $110 million worth of crypto, eventually causing the platform to become insolvent. Eisenberg, however, insists that he and his team had…
Why DAOs Need to Adopt a Two-Treasury System
Using a two-treasury system, the base layer would focus on building the necessary technical infrastructure such as the blockchain, bridging tools and other tooling. Meanwhile, the ecosystem layer will focus on supporting builders and entrepreneurs that are building Web3 businesses, applications and protocols. Source
Cryptocurrency Market: Navigating Defi Protocols As Hacks Rise
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Don’t forget to subscribe: Watch more interesting videos: Follow Channels Television … ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version