Day: March 25, 2023

Robert Kiyosaki Says Fed Rate Hikes Will Crash Stocks, Bonds, Real Estate, and US Dollar – Economics Bitcoin News

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The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has warned that the Federal Reserve’s continued rate hikes will crash stocks, bonds, real estate, as well as the U.S. dollar. He expects the next crash to be the “$1 quadrillion derivatives market.” Robert Kiyosaki on Interest Rate Hikes, Market Crashes The author of Rich Dad Poor Dad, Robert Kiyosaki, reiterated his warnings of market crashes and the danger of the Federal Reserve raising interest rates this week. Rich Dad Poor Dad is a 1997 book co-authored…

Hacked vanity addresses loot $500k as controversies surround Arbitrum airdrop

According to recent on-chain data, hacked vanity addresses were used in looting $500K worth of tokens. The looting occurred during the layer-2 scaling solution Arbitrum airdrop scheduled on March 23. Someone who generated a list of vanity addresses that were eligible for ARB airdrops was the one who stole the tokens. The tweet explained that the tokens had been stolen by an individual who had first compiled a list of vanity addresses qualified to receive ARB tokens. He then managed to generate similar addresses using vanity address generators. Finally, it…

SEC targets Coinbase, Do Kwon arrested, FTX’s $95M in Mysten…

Top Stories This Week Coinbase could face SEC enforcement action for ‘potential violations of securities law’ Crypto exchange Coinbase received a Wells notice from the United States Securities and Exchange Commission (SEC) suggesting an upcoming enforcement action. According to Coinbase, the “legal threat” could potentially target its staking program, listed digital assets, wallet or Coinbase Prime services. The exchange’s chief legal officer, Paul Grewal, said the warning “comes after Coinbase provided multiple proposals to the SEC about registration over the course of months, all of which the SEC ultimately refused…

Credit Suisse, UBS, Other Banks Facing Russia Sanctions Probe in US, Report – Bitcoin News

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Switzerland’s troubled Credit Suisse and its rescuer, USB, are subject to an investigation into whether bankers helped Russian oligarchs evade Western sanctions, according to a media report. Some major U.S. banking institutions are also under scrutiny within the probe initiated by the Justice Department, sources say. Credit Suisse, US Banks Investigated for Suspected Sanctions Violations Favoring Russia’s Rich Switzerland-based global investment banks and financial services firms, Credit Suisse and UBS, are under scrutiny by the U.S. Department of Justice (DOJ), Bloomberg revealed, quoting knowledgeable sources who remained anonymous. According to…

Crypto liquidity levels are low, analyst says

A market analyst, Conor Ryder, CFA, recently explored the liquidity state of the crypto markets. Parameters like market depth, spreads, slippage, and volumes helped expose the liquidity problem.  Post-FTX-implosion liquidity gap not resolved Under market depth, the analyst realized that BTC pairs are currently at the lowest level of liquidity associated with BTC pairs in 10 months, more down than moments after FTXs collapse. BTC market depth | Source: Kaiko Ryder notes that the crypto market has not filled the post-FTX and Alameda implosion liquidity gap. Yet, the recent problems…

Euler Finance exploiter returns over 58,000 stolen Ether

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The hacker behind the $196 million exploit on lending protocol Euler Finance has returned the majority of the stolen assets, according to on-chain data.  In a transaction on March 25, the exploiter returned 51,000 Ether (ETH) worth around $88 million at the time of writing. A second transfer of 7,737 ETH was made on the same day, worth over $13 million. Previously, on March 18, the hacker sent 3,000 ETH to the protocol, worth nearly $5.4 million at the time. The exploiter still controls some of the stolen assets. the…

Alpha mainnet of Ethereum scaling solution ZKSync goes live

ZKSync, an Ethereum layer-2 scaling solution, debuts its alpha mainnet to reduce congestion and improve transaction throughput. The ethereum (ETH) ecosystem witnesses a significant development as the alpha mainnet of ZKSync, a Layer 2 scaling solution, is officially launched. ZKSync aims to alleviate network congestion and bolster transaction throughput on ethereum by employing zero-knowledge proofs, a cryptographic technique that ensures transaction privacy. Ethereum’s blockchain has encountered several obstacles concerning its ability to scale and elevated transaction costs, which have become more pronounced due to the increasing adoption of DeFi and…

Weekly Recap – Bitcoin News

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Over the past week, statistics show non-fungible token (NFT) sales totaled $193.08 million, down 5.44% from the previous week. Ethereum dominated NFT sales with more than $107 million or 55% of all sales, while Solana-centric NFT sales recorded $26.3 million or 13% of sales in the same period. NFT Market Shows Signs of Slowdown With Declining Weekly Sales and Lower 30-Day Totals Non-fungible token sales, or NFT sales, fell 5.44% this week compared to last week, with $193.08 million in sales recorded across 19 different blockchains. Cryptoslam.io statistics indicate that…

Huobi exchange inks partnership deal with Copper

Huobi and Copper have partnered with Copper to join the ClearLoop Network. The integration will make it possible for the institutional clients of both firms to delegate capital for trading on Huobi while their assets remain under Copper’s secure custody. Huobi, the world’s 13th-largest digital assets trading venue, according to CoinMarketCap, has inked a memorandum of understanding (MoU) with Copper, a provider of cryptocurrency custody and trading solutions designed to reduce counterparty risks.  This will enable Huobi to join Copper’s ClearLoop Network. This solution facilitates seamless fund delegation to centralized…

Venezuela shuts down crypto mining facilities, exchanges amid corruption probe

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Venezuela’s energy supplier has shut down crypto mining facilities throughout the country as part of a reorganization of the national crypto department and ongoing corruption investigations involving the country’s oil company. According to local media reports, crypto mining companies, and tweets from Venezuela’s National Association of Cryptocurrencies, mining facilities were shut down in the past days in the states of Lara, Carabobo and Bolívar. It is unclear how many crypto firms were affected. Some crypto exchanges were also ordered to cease operations. #ULTIMAHORA se confirma que fue solicitado el apagado…