Day: June 3, 2023

Warren’s alleged work with short-seller shows anti-crypto army heating up

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What do progressive Democrats, Republican national security hawks and Wall Street traders have in common? They are all apparently enlisting in United States Senator Elizabeth Warren’s “anti-crypto army.” The progressive senator’s reported alliance with Marc Cohodes, a Wall Street short-seller who profited from the recent carnage at crypto banks, is the latest example.  Crypto natives likely see the unusual pairing as further proof that entrenched interests are conspiring to kill Web3 in the United States. They aren’t entirely wrong, but America’s polarized factions are uniting against crypto for a reason.…

Musk’s alleged price manipulation, the Satoshi AI chatbot and more

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Top Stories This Week Dogecoin investors accuse Elon Musk of insider trading in amended class-action lawsuit A group of Dogecoin investors has requested leave to amend a class-action lawsuit against tech entrepreneur Elon Musk, alleging he is responsible for insider trading of DOGE and asserting the token is a security under U.S. Securities and Exchange Commission regulations. According to the complaint, Musk profited off DOGE trading at the expense of other investors by causing the price of the token to spike through actions including changing Twitter’s logo to the Dogecoin…

New cyberattack targeting Apple devices of senior executives flagged

The cybersecurity community has warned about a new cyberattack aimed at Apple’s mobile devices. The attack, “Triangulation,” is a complicated scheme that discreetly hack into the iPhones of certain employees, including those in the web3 sector, explicitly targeting middle and upper management staff. Exploiting vulnerabilities in Apple’s operating system This attack exploits vulnerabilities in the iOS operating system and involves sending a hidden iMessage with a malicious payload. When a device is successfully triangulated, the malware installs itself without the user’s knowledge or consent. This insidious malware records and transmits…

Atomic Wallet exploited, users report loss of entire portfolios

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Atomic Wallet has been apparently exploited, with users on Twitter reporting complete losses of their crypto portfolios. Atomic is a noncustodial-decentralized wallet, meaning users are responsible for assets stored in the application.  “We have received reports of wallets being compromised. We are doing all we can to investigate and analyse the situation. As we have more information, we will share it accordingly,” said Atomic’s team on Twitter on June 3. A number of users have commented on the post reporting losses, claiming funds were wiped out from their digital wallet…

Etherscan introduces advanced filtering tool in beta for blockchain analysis

Etherscan has introduced an advanced filtering tool that allows users to better customize and refine their search results. The “Advanced Filter” tool, currently in beta, permits users to extract data insights and conduct focused analysis by utilizing a set of criteria using public data from Ethereum With the new filter, users can easily narrow down their search results based on specific criteria such as transaction type, function name, duration, amount, and assets to and from addresses. This helps users focus on transactions, addresses, and activities most relevant to their research,…

Rapid growth in DeFi-focused Ethereum liquid staking derivatives platforms raises eyebrows

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Ether’s (ETH) DeFi activity has declined in the bear market and the sector faces further competition from Ethereum’s annual staking reward of 4%, according to Glassnode analysts. However, a DeFi narrative is building around liquid staking derivative (LSD) tokens that could revive Ethereum’s network activity. The percentage of gas consumed by DeFi protocols has dropped from 34% in 2020 to 8% to 16% presently, with NFTs commanding the maximum share of 25% to 30%, according to a recent report from Glassnode. Ethereum gas usage by transaction type. Source: glassnode Glassnode’s…

Coinbase Derivatives Exchange To Launch ‘Institutional-Sized’ Bitcoin (BTC) and Ethereum (ETH) Futures Contracts

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Top US-based crypto firm Coinbase says its derivatives exchange is gearing up to launch “institutional-sized” Bitcoin (BTC) and Ethereum (ETH) futures contracts next week. According to a new press release, Coinbase Derivatives Exchange says it plans to make the contracts, called Coinbase Bitcoin (BTI) and Coinbase Ether (ETI), available on Monday, June 5th. BTIs and ETIs will be settled in US dollars and represent one Bitcoin and 10 Ethereum per contract, respectively. Says Boris Ilyevsky, the head of Coinbase Derivatives Exchange, “In addition to risk management and enhanced precision, these…

Brazil’s crypto exchange Mercado Bitcoin licensed as payment provider: Report

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Cryptocurrency exchange Mercado Bitcoin was granted a payment provider license from Brazil’s central bank on June 2, according to local media reports. With the license, the company will launch its fintech solution MB Pay. “The approval of the Central Bank is a crucial step, as it allows us to continue expanding our business and providing a better service to our customers,” said Roberto Dagnoni, CEO of 2TM, the parent company of Mercado Bitcoin. As a payment institution, MB Pay can provide Brazilian users with certain digital banking services using crypto…

DigiToads and Aave could lead the next crypto bull run

The crypto market may recover and rally. Altcoins such as TOADS by DigiToads and AAVE by Aave could lead by surge. The projects behind these tokens have solid fundamentals and may rally, expanding investors’ diversified portfolios. Notably, despite the stagnant state of the wider crypto world, the price of TOADS has surged in the ongoing presale. It is why analysts are positively reviewing the underlying issuing project, DigiToads, expecting even more gains. Here’s an analysis of why TOADS and AAVE may spearhead the next bull run: TOADS could lead the…

Bitcoin, XRP, and tradecurve are top coins to watch in 2023

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Investors and traders have taken note of three coins that are gaining traction and appear to be building upside momentum: bitcoin (BTC), XRP, and tradecurve (TCRV).  In their assessment, these cryptocurrencies may surpass expectations in 2023 and rally, benefiting investors expecting higher returns on investment. To assess their possible growth, we’ll analyze each asset individually. >>Buy TCRV tokens now<< Bitcoin and its potential in 2023 BTC prices rose above $27,000 before the release of the Nonfarm…