Day: November 10, 2023

FTX token and other Sam Coins surge after Bankman-fried’s conviction 

Altcoins linked to Sam Bankman-Fried see a significant surge, as the FTX token soared over 200% in a week. Despite the recent conviction of Sam Bankman-Fried on multiple counts of fraud and conspiracy, the altcoins closely associated with the FTX founder saw a major upswing during this week’s market rally. The so-called ‘Sam Coins’ have seen major gains this week, despite the negative sentiment around them throughout the month-long trial.  #FTX Token has now surged nearly 200% in the span of a few days amid news of a possible exchange…

Tron Founder Justin Sun Offers 5% Cut to Hacker After Poloniex Crypto Exchange Loses $125,000,000 in Cyber Heist

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Tron (TRX) founder Justin Sun is offering a 5% white hat bounty to the hacker who exploited the exchange Poloniex for $125 million in crypto. Sun, who acquired Poloniex in 2019, says that the hacker has a week to accept the offer and return the assets to the wallets he took them from, otherwise, law enforcement will have to get involved. “We are offering a 5% white hat bounty to the Poloniex hacker. Please return the funds to the following ETH/TRX/BTC wallets. We will give you seven days to consider…

When Is the Next BTC Halving Date? Bitcoin Halving Guide

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Guide: What Is The Bitcoin (BTC) Halving? The anticipation around the next BTC halving is palpable among investors and cryptocurrency enthusiasts alike. This process, which slashes the reward for mining Bitcoin transactions in half, is a pivotal event for the economy of the flagship cryptocurrency. The next BTC halving date is not just a mark on the calendar; it’s a beacon for potential shifts in value and market dynamics, making the question “when is the next BTC halving” all the more critical for market participants. This comprehensive guide dives deep…

We’ve Seen the FTX Collapse Before

Before you know it, we were representing virtually all of the 38,000 customers pro bono with help from my Northwestern law professor, J. Samuel Tenenbaum, and Barnes and Thornburg lawyers Trace Schmelz and David Powlen, with Hillary Escadeja, Susan Osmanski and David Rosen rounding out our small but very capable team of volunteers. Source

NEAR Foundation And Eigen Labs Team Up To Improve Web3 Transactions On Ethereum Rollups

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The NEAR Foundation has announced a strategic partnership with Eigen Labs, a startup focused on building the Ethereum restaking protocol Eigen Layer.  While addressing the challenges of liquidity fragmentation between Layer 2 (L2) solutions, the collaboration aims to reinvent Ethereum (ETH) roll-up transactions, making them “more cost-effective and efficient.” Rapid And Affordable Ethereum Transactions?  In a joint statement released on November 10, the NEAR Foundation and Eigen Labs unveiled their plans to develop a “fast finality layer” to power rapid and inexpensive transactions for Ethereum rollups, including cross-rollup transactions.  Per…

Crypto Platform Raft Suffers $3.3M Exploit, But Hacker Likely Takes a Loss on the Attack

On-chain data shows that the attacker drained 1,577 ETH from Raft, then sent 1,570 ETH to a burn address – destroying most of the stolen assets and leaving only 7 ETH for themselves. The hacker’s address received 18 ETH via crypto mixer service Tornado Cash before the attack, blockchain data on Arkham shows, likely to fund transactions. Source 3.3MAttackCryptoExploitHackerLossPlatformRaftSuffersTakes CryptoX Portal

Singapore startup dtcpay launches retail crypto payments system with Chinese partners

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Singapore-based dtcpay is launching a payment system that will use fiat and cryptocurrencies for in-store and online payments. The company mentioned Tether (USDT), Ether (ETH) and Bitcoin (BTC) in its announcement. The company is partnering with open-source blockchain PlatON for privacy-protected digital infrastructure and Allinpay International to create smart terminals and a digital interface. Both PlatOn and Allinpay are based in China. Dtcpay and Allinpay are registered with the Monetary Authority of Singapore (MAS) as major payment institutions. A spokesman for Allinpay parent company Tonghua International said: “This cooperation will…

Solana price hits a new 2023 high — What’s behind the SOL rally?

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Solana’s native token, SOL (SOL), experienced an impressive 22% surge on Nov. 10, breaking past the $54 mark for the first time since May 2022. Notably, this surge occurred amid the continuous selling of SOL tokens by FTX’s bankruptcy estate. The Delaware Bankruptcy Court approved the sale of the failed exchange’s assets, which included 55.75 million SOL, in September 2023. Investor enthusiasm for SOL’s price increase may be attributed to the fact that some of the tokens from the bankruptcy proceedings are either vested or locked. Furthermore, there’s a weekly…