Day: October 14, 2023

NuGet manager flooded with malicious Kraken, Solana packages

A set of malicious packages impersonating Kraken, Solana and Monero has flooded NuGet’s server as hackers launch new scams. NuGet, a manager used for packaging and distributing software written with the .NET framework, appears to be a target for bad actors seeking to exploit vulnerabilities, impersonating crypto-related packages. As first reported by Phylum researchers, six malicious packages — downloaded by a user named “Disti” — are pretending to be libraries and wrappers for Kraken, Solana, KuCoin and Monero. The bad actor reportedly also tried to bolster credibility by faking the…

ProShares prepares to launch unique Short Ether Strategy ETF

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ProShares introduced a trio of Ethereum futures ETFs in the recent weeks. Presently, the company is gearing up to provide a distinctive offering. ProShares’ Short Ether Strategy ETF (SETH) from the fund group is poised to commence trading shortly, following the debut of the initial Ethereum futures ETFs by about two weeks. SETH, scheduled for listing on the NYSE Arca exchange, aims to achieve daily investment outcomes that mirror the inverse of the daily S&P CME Ether Futures Index performance, as indicated in a filing made on Friday, Oct. 13.…

G20 finance heads adopt roadmap for crypto regulation

G20 finance ministers say the document is necessary to achieve macroeconomic and financial stability goals. The G20 Finance Ministers and Central Bank Governors (FMCBG) adopted a crypto roadmap designed to support a coordinated regulatory framework for all group members. As reported by Business Standard, the roadmap called on boosting the World Bank’s capacity to support the “low and middle-income countries to meet the global challenges.” The new regulatory guidelines are based on updates from the International Monetary Fund and Financial Stability Board. According to the roadmap, jurisdictions should implement the…

FBI warns of crypto scams impersonating agency in El Paso

Scammers are trying to lure victims into thinking a real investigation is being conducted, officials said. The Federal Bureau of Investigations (FBI) has warned residents of El Paso, Texas, about phishing email letters from scammers pretending to be the bureau. They reportedly ask the recipients to pay in crypto, luring people into thinking they have been victims of identity theft. According to the El Paso Times, this scam is a multiple-process one as bad actors are not attempting to get victims to pay them funds in the first letter, trying…

Coinbase continues push to compel SEC to act on crypto rulemaking petition

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Coinbase has doubled down on its push for a court order compelling the U.S. Securities and Exchange Commission to act on the firm’s crypto rulemaking petition. Coinbase wants a mandamus issued within 30 days to compel the SEC to give an official answer on whether it will accept or deny the petition. The SEC submitted a long-awaited status update on Oct. 12, vaguely stating that “commission staff provided a recommendation” to the SEC over Coinbase’s petition, but did not divulge any further details. In an Oct. 13 X post, Coinbase’s…

Web3 games raised $600m in Q3, 50% less than in 2022

Analysts at DappRadar say the decline in funding is due to the distinct market dynamics of 2023. Web3 gaming projects raised $600 million in Q3 2023, which is 50% lower than in Q3 2022, according to data provided by DappRadar. Although the number of deals in the third quarter was not specified, the analysts say that web3 gaming raised $2.3 billion since the beginning of 2023. However, as noted by DappRadar, venture capitalists (VCs) such as Andreessen Horowitz (a16z) were not interested in gaming projects only as the significant allocation…

Alpaca partners with SBI Holdings after $15m investment

Alpaca has announced a partnership and a $15 million strategic investment from Japanese financial services group SBI Holdings. The partnership aims to accelerate Alpaca’s expansion in Asia, especially in Japan, where SBI Holdings has a strong presence and influence in the financial sector. Alpaca and SBI Holdings will collaborate to offer Alpaca’s API trading platform to SBI’s customers and partners and explore new opportunities and markets in the region. The investment is part of Alpaca’s series B funding round, which raised $50 million. The round was led by Tribe Capital,…

Insights Into Alameda’s Financial Stability In FTX Trial

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The trial against FTX co-founder Sam Bankman-Fried took an intriguing turn as Zac Prince, the CEO of defunct crypto lender BlockFi, provided testimony in a Manhattan federal courtroom.  Prince’s appearance provided valuable insights into the intricate relationship between BlockFi, FTX, and Alameda Research. BlockFi’s Bankruptcy Rooted In Alameda And FTX According to a Bloomberg report, Prince revealed that BlockFi had substantial exposure to Alameda and FTX, estimated at around $1 billion, at the time of BlockFi’s failure in November 2022.  Prince asserted that if the loans to Alameda were still…

HKVAC’s global cryptocurrency index welcomes Hedera, Maker, and Quant

The latest virtual asset index has been unveiled by the Hong Kong Virtual Assets Consortium (HKVAC), a rating agency specializing in evaluating the reliability of cryptocurrency assets and exchanges. Quarterly adjustments to its global large cryptocurrency index include the addition of Hedera, Maker, and Quant and removal of Cryptonex, ICP, and HEX. A new top five The main goal of HKVAC is to provide investors and regulators with a trustworthy benchmark for assessing the performance and risks associated with virtual assets. (Hong Kong, 13 Oct 2023) – HKVAC today announced…

Bitcoin Path To $70,000? Analyst Shows What This ‘Head And Shoulders’ Pattern Reveals

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Bitcoin, the leading digital asset in terms of market cap and adoption, recent activity on its price chart has led to speculation and predictions about its future trajectory.  Acclaimed cryptocurrency trader, known as Mags on the X (formerly known as Twitter) platform, recently shared his analysis on Bitcoin, suggesting a significant price surge for Bitcoin soon. The Bitcoin ‘Head And Shoulders’ Insight According to Mags, Bitcoin’s journey to a $70,000 price tag is foreseeable. His deduction stems from observing an inverted ‘Head and Shoulders’ pattern on Bitcoin’s price chart. Notably,…