Day: April 18, 2023

If Crypto OGs Are Being Hacked, Where Does That Leave the Rest of Us?

However, there are a few commonalities among the victims: Most of the attacks have occurred on the weekend, and has the exploiter swapping assets within a victim’s wallet for ETH (often bypassing staked positions, non-fungible tokens and lesser-known coins), consolidating that ETH and then transferring it out. Often the attacker has gone back hours, days or weeks after an initial attack to sweep remaining funds, Monahan said. Source

SEC Deems DASH, ALGO, and OMG ‘Unregistered Securities’ in Bittrex Lawsuit – Regulation Bitcoin News

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According to the recent complaint by the U.S. Securities and Exchange Commission (SEC) against Bittrex, the securities regulator insists that a few crypto asset tokens were offered and sold as investment contracts and are securities. The news follows the SEC’s designation of several crypto assets as securities, including the case against Terraform Labs, which insists that LUNA and UST were sold as unregistered securities. Additionally, a lawsuit initiated by New York attorney general Letitia James against Kucoin insists that ethereum is also an unregistered security. Lawsuits Against Crypto Exchanges Bring…

Coinbase may face years-long court battle with SEC, CEO warns: Report

United States cryptocurrency exchange Coinbase is gearing up for a lengthy legal battle with the Securities and Exchange Commission (SEC) after the regulator warned the company of potential securities law violations, CEO Brian Armstrong told CNBC in an interview on April 18. Coinbase received a Wells notice from the U.S. SEC on March 22, indicating a possible enforcement action. The notice is usually the last step before the regulator files charges. In response, Armstrong expressed disappointment and revealed that the company had not received any clear details from the SEC about…

Solana on-chain and derivatives data highlight the limitations of SOL’s potential price breakout

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Solana saw two positive developments this week with the launch of the Saga Android-based smartphone powered by Solana blockchain and the retail trading debut of Grayscale’s Solana Trust shares. The developments along with bullishness in the broader market, boosted the price of SOL by 29.05% from April 11 to a monthly high of $26.03. While the mobile launch positively boosts the Solana ecosystem, the Saga phone appears overpriced at over $1,000 apiece. Nevertheless, the smartphone received positive reviews in user experience and quality. Independent cryptocurrency investor, Amy Wu, noted that…

CME expands bitcoin and ethereum options expiries

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The Chicago Mercantile Exchange (CME) has announced plans to add new expiries to its existing options products across its standard and micro-sized bitcoin (BTC) and ether (ETH) contracts from May 22. CME Group expanding crypto futures features  In a bid to provide its users with greater precision and versatility in handling short-term bitcoin (BTC) and ether (ETH) price risk, the CME is set to expand the current expiry periods of its futures contracts.  According to a…

PancakeSwap wants to cap token inflation rate at 3%–5% per year

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Decentralized exchange (DEX) PancakeSwap wants to lower its token inflation to anywhere between 3% and 5% per annum, far below current rates of over 20%.  In a proposal released on April 18, the DEX cited the need to transition CAKE (CAKE) into a staking model characterized by “low staking inflation,” “real yield drawn from PancakeSwap’s protocol revenues” and “product benefits favoring longer-term CAKE stakers.” “This is a significant and important change for PancakeSwap,” the DEX wrote, while providing an opportunity for tokenholders to vote on appropriate changes and a feedback…

Decentralized Wireless Project Helium Begins Move to Solana Blockchain

The transition aims to make it faster and cheaper to operate on Helium, a project attempting to globally deploy decentralized wireless infrastructure that relies on cryptocurrency as an incentive mechanism. Until Tuesday its tokens lived for nearly four years on the Helium blockchain, a custom layer 1 that lacked the broad appeal of Solana, Ethereum and other smart contract platforms Source