Day: August 12, 2023

Victim of 90 ETH exploit set to claw funds back after hacker was blacklisted

boss

With the help of police and cyber authorities, a victim of a hack worth 90 Ether (ETH) has gotten the attacker’s Tether (USDT) address blacklisted. As a result, they may be able to get most of their funds back. [2023/08/11 17:30] USDT blacklisted 0x788bc56b67c289399cd6e2022f0d76484f04724a in block 17893148 https://t.co/WipjkHXFGp — usdt blacklist (@usdtblacklist) August 11, 2023 The victim, who goes by @l3yum on X (Twitter), was initially drained on March 16 after the hacker managed to get a hold of their hot wallet seed phrase. Several Yuga Labs-related NFTs were stolen,…

Polkadot to change parachain auctions, investors exploring DigiToads’ potential

The expansive approach taken by central banks in printing money has led to increased interest in cryptocurrencies among affluent individuals. Currency has evolved from ancient gold coins to modern debit, credit systems, and digital assets. The crypto landscape has witnessed significant growth and development, and early investors could benefit from this global shift.  Polkadot (DOT) is transitioning from a chain-based to a space-based model for its parachain auctions, and the enthusiasm around DigiToads (TOADS) demonstrates growing investor receptiveness to emerging crypto opportunities. DigiToads and defi DigiToads aims to achieve an ambitious goal:…

Ripple joins forces with BIS in cross-border payments initiative

The Bank for International Settlements (BIS) has introduced a cross-border payments interoperability and extension (PIE) task force, with Ripple, the blockchain-based digital payment network, being one of its notable participants. XRP, a cryptocurrency used by Ripple in its On-Demand Liquidity (ODL) solution, was recently classified as not a security. The BIS, an international financial institution owned by member central banks, released a summary of the PIE task force’s meeting on May 11, which outlines the task force’s commitment to enhancing cross-border payments and achieving the quantitative goals established by the G20 in…

GMX Drops 24% in 1 Month, Whales Rapidly Selling: What’s Going On?

boss

GMX, the native token powering GMX, a decentralized perpetual exchange for trading complex crypto derivatives, is under intense selling pressure when writing on August 11. Trackers show that the governance token is down 7% on the last trading day, pushing monthly losses to 24%. This downturn has seen prices tumble close to $40, a critical support level last printed in January and June 2023.  Whales Dumping, Prices Fall Despite this setback, DeFiLlama’s data is stable as GMX’s Total Value Locked (TVL) remains over $534 million. Most of the trading platform’s liquidity…

Senator Lummis files Amicus Brief supporting Coinbase’s dismissal motion against SEC

boss

Crypto-friendly Senator Cynthia Lummis has filed an Amicus Brief supporting Coinbase’s motion to dismiss the U.S. Securities and Exchange Commission’s lawsuit against the firm. An Amicus Brief is a document filed in court by a party that is not directly involved with the related case. They are generally used to add supporting arguments to one side of the lawsuit, and emphasize how the case will have a broader impact beyond the involved parties. As per the Aug. 11 filing with the U.S. District Court for the Southern District of New…

Robinhood wins meme stock lawsuit

A US federal appeals court has dismissed a class-action lawsuit against Robinhood Markets over its restrictions on trading 13 meme stocks in early 2021. The class action, involving 16 investors, was filed in September 2021. The plaintiffs alleged that Robinhood’s trading restrictions prevented them from purchasing meme stocks when hedge funds were short-squeezed in January 2021. They claimed this led to the loss of potential profits and a sharp decline in share prices. Robinhood successfully sought a motion to dismiss the complaint in January 2022, arguing that the plaintiffs failed…

The Coinbase layer-2 network reached 136k daily users

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Coinbase reached has reached 136,000 daily users following the announcement of its new blockchain. According to Dune Analytics, nearly 30% of the daily users on August 10 were new users, representing 42,000 of the total. On July 31, the company reached 60,000 new users. Coinbase’s layer-2 daily users | Source: Dune Analytics CryptoRank showed that Base currently stands in the 4th position for daily transactions, behind zkSync Era, Arbitrum and Optimism. Base Now Ranks 4th in…

Bittrex and ex-CEO agree to $24m settlement with SEC

Digital assets exchange, Bittrex, alongside its former CEO William Shihara, has reached a $24 million agreement with the US SEC amid registration issues. The SEC lodged its complaint in the US District Court for the Western District of Washington on April 17, 2023. The lawsuit alleged that from 2014 to 2019, Bittrex’s services to American investors involving crypto assets deemed as securities were unregistered. Moreover, the CEO reportedly urged asset issuers to remove “problematic statements” from their public channels, aiming to elude SEC scrutiny over classifying these cryptocurrencies as securities.…