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Today in Crypto: Quantstamp Reveals DeFi Protection Product That Reimburses Losses, Polygon Proposes Protocol Council, Bitdeer Announces $2 Million Share Repurchase Program
19.10.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Quantstamp Reveals DeFi Protection Product That Reimburses Losses, Polygon Proposes Protocol Council...
Bitcoin, Ethereum Technical Analysis: BTC Consolidates Below $28,000 Ahead of Key US Economic Reports
10.10.2023
Bitcoin consolidated recent losses on Tuesday, as focus shifts to Wednesday’s Federal Open Market Committee (FOMC) minutes. Traders will look for guidance from the report, to see the Fed’s stance on the economy, after opting to keep rates unchanged last month. Ethereum remains below...
Crypto Traders Suffer Over $100M in Liquidation Losses as Market Rout Deepens Amid Middle East Turmoil
9.10.2023
Crypto traders suffered over $100 million of losses in liquidations on Monday, Coinglass data shows, as the digital asset market rout intensified
Galxe protocol experiences DNS attack, losses top $150,000 so far and still growing
6.10.2023
The Web3 platform’s website has been restored, but the company still warns against using it. The hack may be linked to September’s attack on Balancer
Crypto Tycoon SBF in the Dock: Jury Selection Extended; Hearing Reveals Financial Carnage
4.10.2023
Sam Bankman-Fried (SBF), the disgraced co-founder of the now insolvent cryptocurrency exchange FTX, concluded his first day of trial involving jury selection and voir dire questioning. The process extended into Wednesday as U.S. District Judge Lewis Kaplan eliminated several potential jurors...
Bitcoin, Ethereum Technical Analysis: BTC Rebounds From Key Price Floor on Wednesday
4.10.2023
Bitcoin marginally rebounded on Wednesday, after the cryptocurrency collided with a key support point in yesterday’s session. Markets have consolidated Tuesday’s losses, with the global crypto market cap up 0.7% as of writing this. Ethereum remained under the $1,700 level. Bitcoin...
Crypto Losses Up 59% in Q3 From Cyberattacks
2.10.2023
The cryptocurrency sector has increasingly become a prime target for hackers in recent years.
According to a report submitted by bug bounty and security services platform Immunefi, the Web3 space suffered a total loss worth over $685 million in Q3, 2023.
This significant loss increase...
Q3 2023 crowned most ‘damaging’ quarter for crypto amid $700M losses: Report
2.10.2023
Private keys getting compromised took over $204 million across 14 security incidents in the third quarter of 2023
British Law Firm to Sue Onecoin Cryptoqueen to Recover Investor Funds
25.9.2023
A London-headquartered law firm is preparing a lawsuit against the fugitive mastermind of the Onecoin crypto pyramid scheme, ‘Cryptoqueen’ Ruja Ignatova. Its lawyers intend to file a class action suit in the United Kingdom’s High Court, the British press revealed. Fugitive Cryptoqueen May Face U.K....
Mixin Network Losses Nearly $200M in Hack
25.9.2023
Mixin Network is a protocol designed to address blockchain scalability issues – at the expense of having a centralized database
Bitcoin fails to recoup post-Fed losses as $20K BTC price returns to radar
22.9.2023
Bitcoin is a bargain for some at current levels, but downside BTC price predictions remain firmly on the agenda
Ex-Alameda Employee Exposes Firm’s Massive Bitcoin Trading Misstep
21.9.2023
An ex-employee of Alameda Research has revealed that a trading blunder from the firm precipitated an astonishing 87% plunge in bitcoin’s (BTC) price on the Binance US exchange. This mishap, the insider disclosed, resulted in losses reaching the “order of tens of millions.”...
NFL Star Trevor Lawrence and Youtube Influencers Settle Allegations Over FTX Endorsements
16.9.2023
In a recent court document, Jaguars’ quarterback Trevor Lawrence and two others have chosen to settle allegations that they misled investors, leading to losses in the FTX collapse. Lawrence, among several high-profile endorsers of FTX, has not publicly revealed the terms of his settlement....
Crypto Price Whipsaw Triggers $256M in Liquidation Losses
12.9.2023
This week’s quick plunge and rebound in cryptocurrency prices triggered $256 million in liquidation losses, Coinglass data shows
Biggest Movers: BCH 6% Higher, as Price Nears $200 Level
12.9.2023
Bitcoin cash was one of Tuesday’s biggest movers, as bullish sentiment returned to markets, following recent declines. After huge losses on Monday, bulls have seemingly moved to buy the dip in price, pushing the global market cap 1.55% higher as of writing. Solana also surged...
Ripple compensates the losses of Fortress’ customers
11.9.2023
Ripple has taken the initiative and compensated the losses incurred by the customers of the startup Fortress Trust, which is into the blockchain framework. This is a step in the direction of its plan to take over the company. Fortress sent out a tweet stating that its customers were impacted by...
MicroStrategy's Large Bitcoin Impairment Losses Have Given a False Impression: Berenberg
8.9.2023
FASB accounting rule changes should help companies that hold digital assets to eliminate the poor optics that have been created by impairment losses, the report said
How to handle crypto trading gains and losses on your balance sheet
6.9.2023
Cryptocurrency taxation and reporting transactions on your balance sheet differ. Here’s how to treat cryptocurrency on your balance sheet
Stop Thinking About 'Wins' or 'Losses' in the Bitcoin ETF Debate
5.9.2023
On-Chain Data: Short-Term Bitcoin Holders Face Losses Amid Price Decline – Here's the Latest
5.9.2023
The Short-Term Holder Spent Output Profit Ratio (STH-SOPR) for Bitcoin (BTC) has decreased from 1 to 0.9809, indicating less favorable conditions for short-term Bitcoin holders due to recent price declines.
The STH-SOPR measures the profitability of Bitcoin trades involving coins held for less...