Day: November 13, 2023

Ripple CEO Criticizes SEC for Losing Focus on Investor Protection

Garlinghouse emphasized the need for the SEC to reassess its regulatory approach, moving away from a pattern of enforcement through lawsuits. During the just-concluded Ripple’s Swell conference in Dubai, the company’s CEO Brad Garlinghouse shared his views regarding the United States Securities and Exchange Commission’s (SEC) role in protecting consumers against bad actors. In an interview with CNBC’s Dan Murphy, Garlinghouse stated that, in his opinion, the SEC has strayed from its commitment to investor protection, questioning the agency’s priorities in the process. “I think the SEC, in my opinion,…

Hackers claim to have stolen user data from defunct crypto ATM firm Coin Cloud

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An anonymous group of hackers claims to have stolen personal information for about 300,000 customers of the Bitcoin (BTC) ATM company called Coin Cloud, the pseudonymous cybersecurity account Vx-underground posted on X (formerly Twitter). An unknown Threat Actor(s) claim to have compromised Coin Cloud. They allege to have exfiltrated 70,000 customer selfies (via ATM cameras), and 300,000 customers PII which includes Social Security Number, Date of Birth, First Name, Last Name, e-mail address, Telephone Number,… pic.twitter.com/TJ7RUK18Yq — vx-underground (@vxunderground) November 12, 2023 Apart from personal information, the hacker group also…

Bitcoin millionaire wallets triple in 2023

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In 2023, the number of Bitcoin wallets with a total value of coins exceeding a million dollars has tripled. According to BitInfoCharts, 23,795 Bitcoin (BTC) millionaires were registered in the market in January 2023. As of this writing, the number has risen to 81,925, an increase of 237%. The indicator began to grow actively against the backdrop of positive crypto market dynamics and Bitcoin updating its annual highs. Bitcoin distribution | Source: BitInfoCharts However, millionaire wallets are not personal to individual users, as crypto exchanges and financial institutions own many…

Mysterious Wallet Transfers 17.8 Million MATIC To Coinbase

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A mysterious wallet surfaced from the shadows and masterminded a significant transfer of 17,895,970 MATIC—which translates to a staggering $14.7 million—directly into Coinbase, in a crypto twist that sent shockwaves through the digital landscape. The surge in significant transaction volume has caused the MATIC price to rise above $0.80 for the first time since July. The market capitalization of MATIC has grown by 62% during the last four weeks due to increased turnover and acquisition by whales. MATIC Mysterious Financial Maneuver Unveiled During this enigmatic financial maneuver, the cryptocurrency universe…

Australian regulators will compel businesses to report cyberattacks: Report

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Australian authorities will oblige local companies to be fully transparent and report any ransomware cyberattacks on their businesses. The country’s economy lost $2.59 billion to cybercrimes in 2021.  According to a Nov. 13 report by the Australian, the national cybersecurity strategy, which is set to be revealed in November, will feature a mandatory system under which local businesses must alert the government to ransomware cyberattacks. However, this obligation won’t be backed by a fine if the company fails to comply. The companies will still be allowed to pay ransoms, although…

Ripple’s XRP to continue bullish momentum, analyst predicts

XRP, the cryptocurrency associated with Ripple, has been witnessing an upward price surge and market sentiment. So far this month, XRP has risen by over 37%. Analysts are now predicting further increases for the asset in the near term, buoyed by positive developments, including its legal victory against the U.S. Securities and Exchange Commission (SEC). XRP price analysis Analysts are observing a positive trajectory for XRP, aligning with the broader crypto market trends. The token is aiming to breach the $1 mark in its pursuit of a new all-time high. …

SOL Price Uptrend To Continue? Can Bulls Send Solana To $75?

Solana rallied above the $50 resistance against the US Dollar. SOL price is consolidating gains above $55 and might extend its rally above $65. SOL price started a major rally above the $50 resistance against the US Dollar. The price is now trading above $55 and the 100 simple moving average (4 hours). There is a key contracting triangle forming with support near $51.00 on the 4-hour chart of the SOL/USD pair (data source from Kraken). The pair could restart its rally if it clears the $60.00 resistance zone. Solana…

THORChain becomes third largest DEX as Rune surges 50% in a week

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Native asset settlement protocol THORChain has recorded the third-largest trading volume among non-centralized exchanges in the last week with users seemingly attracted to the high yield offered adjacent to its native token Rune (RUNE). Over the last week, THORChain’s trading volume hit $1.32 billion third only behind Uniswap and PancakeSwap at $10.85 billion and $2.77 billion respectively, according to DefiLlama. THORChain also boasts the second-largest trading volume at $334.3 million over the last 24 hours, nearly $50 million more than third-placed PancakeSwap. Meanwhile, RUNE increased 51% over the last week…

Bithumb plans to be first crypto exchange listed on Korea stock market: Report

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Crypto exchange Bithumb plans to become the first digital asset company to go public on the South Korean stock market.  Local news outlet Edaily reported on Nov. 12 that Bithumb is getting ready for an initial public offering (IPO) on the KOSDAQ — South Korea’s version of the United States Nasdaq — with an expected listing date set for sometime in the second half of 2025. Bithumb declined to confirm whether the IPO was going ahead but admitted they had recently selected an underwriter, a company tasked with guaranteeing the…

Hodler’s Digest, Nov. 5-11  – Cointelegraph Magazine

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Top Stories This Week CME overtakes Binance to grab largest share of Bitcoin futures open interest Bitcoin’s futures market is showing an interesting shift as global derivatives marketplace the Chicago Mercantile Exchange (CME) has surpassed Binance in terms of Bitcoin futures open interest. This change occurred after Bitcoin exceeded the $37,000 mark for the first time in over 18 months. However, James Seyffart, a research analyst at Bloomberg Intelligence specializing in exchange-traded funds, questioned whether the increasing open interest in Bitcoin futures on CME would address historical concerns of the…