The Ethereum Foundation develops applications and programs for the Ethereum network, but isn’t an official entity or a centralized group that controls what happens on the chain. However, it remains very influential and can impact token prices or Ethereum’s inherent outlook among investors or developers. Source
The largest cryptocurrency by market capitalization slid nearly 2% to below $27,300 on news that the U.S. economy added 336,000 jobs in September, almost doubling economist expectations. The losses were short-lived, however, with bitcoin quickly rebounding to just above $28,000. Original
The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 6, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. Source
CoinDesk reported earlier this week that Friend.Tech users were seemingly starting to get targeted in SIM swap exploits. Source
The crypto wallet address linked to the FTX exploiter moved roughly $36.8 million worth of Ether (ETH) in the last 24 hours amid the ongoing court trials of the defunct crypto exchange’s ex-CEO, Sam Bankman-Fried (SBF). Accounts linked to FTX and FTX.US were drained of $600 million on Nov. 11, 2022, hours after the crypto exchange had filed for Chapter 11 bankruptcy. At the time, FTX general counsel Ryne Miller informed traders about the hack caused by malware: “FTX has been hacked. Chat is open. Please don’t go to the FTX site,…
A single scammer has reportedly managed to steal around $385,000 worth of Ether (ETH) in less than 24 hours, amid a scourge of SIM-swap hacks seemingly targeting friend.tech users. On Oct. 5, blockchain sleuth ZachXBT reported the same scammer had pilfered 234 ETH over the past 24 hours by SIM-swapping four different friend.tech users. The on-chain movement of crypto assets all traced back to the same hacker who drained the accounts of the four victims. The same scammer profited $385K (234 ETH) in the past 24 hours off SIM swapping four…
Ether is lower by 2.4% so far in October to $1,640, giving up all its gains and more from a short-lived surge on Monday to near $1,750. Bitcoin, meanwhile, gained 1.4% over the same time frame and is also outperforming ETH on a weekly, monthly and yearly basis, according to CoinDesk Indices data. Source
It was a slow start for futures-based ether exchange-traded funds (ETFs) on their first day of trading. A total of nine of the ETFs offering exposure to ether futures came to market on Monday. Five will hold only ether futures, while four will hold a mix of bitcoin and ether futures. One of those funds, Valkyrie’s Bitcoin Strategy ETF (BTF) – soon to be renamed – has been in existence for about two years as a bitcoin-only fund, but is changing its strategy to include ether. The rest of the…
Users tie Friend.Tech accounts to real-world X profiles and phone numbers – which increases security risks. Source
“October is also typically a good month for the cryptocurrency market. Indeed, it is dubbed “uptober” by market insiders,” shared Lucas Kiely, chief investment officer of Yield App, in a message to CoinDesk. “Only twice since 2013 has bitcoin closed at a loss in October, and hopefully, this year will see a continuation of that trend.” Source