Day: April 25, 2023

Ordinals Finance steals $1m from users, OFI token crashes 95%

Ordinals Finance, a platform on Ethereum that allowed users to trade Bitcoin Ordinals’ inscriptions, has deleted their Twitter and Telegram handles and rugged users off $1 million, as per CertiK, a blockchain security firm. In a tweet on late April 24, CertiK said the anonymous team behind Ordinals Finance withdrew roughly $1 million of OFI, the platform’s native token, after activating two functions on the deploying smart contracts, causing losses to OFI holders and forcing the token’s price to plunge by over 95%. An analysis of the rug pull reveals that the…

Judge approves taps on SBF’s parents’ phones to meet bail conditions

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Surveillance software has been successfully implemented on Sam Bankman-Fried’s parents’ cell phones to ensure he does not breach the conditions of his bail, with a Judge approving of the measure. Bankman-Fried’s lawyers requested an extension on April 19 for the enforcement of the FTX co-founder’s recently revised bail conditions, citing difficulties in finding the required surveillance software for his parents’ cell phones. Initially, Bankman-Fried’s lawyers suggested they would install software that would take a photo of the user “every five minutes.” In an April 21 filing in a New York…

Coinbase files court action to compel SEC’s response to rulemaking petition

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Coinbase filed a narrow action in a United States federal court that seeks to compel the Securities and Exchange Commission (SEC) to provide a “yes or no” response to a July 2022 petition. The petition requested the SEC propose and adopt clearer regulatory guidelines for the cryptocurrency industry in the U.S.  In the exchange’s July 2022 petition, it asked the financial regulator to answer a total of 50 specific questions concerning the regulatory treatment of certain digital assets. According to an accompanying April 24 blog post penned by Coinbase Chief Legal…

Crypto Winter Is Over — Bitcoin Could Reach $100K Next Year – Markets and Prices Bitcoin News

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Standard Chartered says crypto winter has ended and the price of bitcoin could reach $100K per coin by the end of next year. The global bank’s analyst has identified several factors contributing to the surge in the price of the cryptocurrency, including the recent turmoil in the banking sector. Standard Chartered Bank on Bitcoin Hitting $100K Global bank Standard Chartered said Monday that “crypto winter” is over and the price of bitcoin could reach $100,000 by the end of 2024. Standard Chartered’s head of digital assets research, Geoff Kendrick, explained…

Bitget’s Native Token BGB to be Listed on Bitfinex, Driving Liquidity and Accessibility – Sponsored Bitcoin News

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sponsored Victoria, Seychelles, April 24, 2023 – Bitget, the largest crypto copy trading platform, announced that its native platform token BGB will be listed on Bitfinex, driving liquidity and accessibility while increasing its value and utility. The supported trading pair is BGB/USDT, and the trading service will be opened at Bitfinex. BGB is a utility token that plays a vital role in Bitget’s ecosystem, with a circulating supply of 1,400,000,000 BGB coins and a total supply of 2,000,000,000. It provides users with access to exclusive privileges and various rights on…