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Mad Money’s Jim Cramer: I Trust My Money More in Draftkings Than I Would Binance

18.12.2022
The host of Mad Money, Jim Cramer, has cast doubt on the trustworthiness of crypto exchange Binance. “Why can’t people in charge just admit that Binance has no real legitimacy after what happened to FTX?” he asked, adding: “I would trust my money more in Draftkings than...

US Senator: Cryptocurrency Cannot Be Stopped, FTX Collapse Isn’t an Indictment of Crypto

18.12.2022
U.S. Senator Pat Toomey says illegal actions by crypto exchange FTX must be separated “from perfectly lawful and innovative cryptocurrencies.” Emphasizing that “The collapse of FTX is not an indictment of crypto,” he noted that “cryptocurrency cannot be stopped”...

Gemini Customer Data Leak Was Advertised for Sale on Hacker Forums for 30 BTC in September

17.12.2022
On Dec. 14, 2022, the crypto exchange Gemini revealed that some Gemini customers have been the target of phishing attacks that the firm believes stem from a third-party vendor leak. While reports disclosed that Gemini’s leak was approximately “5,701,649 lines of information pertaining...

FTX Collapse Has Rekindled Security and Reliability Concerns for Web3 Projects Says Marketing Expert

17.12.2022
The fallout from the collapse of failed crypto exchange FTX is forcing Web3 brands, and projects previously focused on managing the public’s perception, to concentrate on fighting for their very legitimacy, Laura K. Inamedinova, a Web3 marketing expert, has said. Besides just trying...

This Solana-Based Decentralized Exchange Was Just Exploited – Here’s What Happened

17.12.2022
Raydium, one of the largest decentralized exchanges (DEXes) on the Solana blockchain, has been exploited to the tune of over $2 million. The protocol announced early Friday that an attacker had managed to overtake the organization’s “owner authority,” which offered them access to funds, and used...

Big Short Investor Michael Burry Says Audits of Crypto Exchanges Like Binance and FTX Are ‘Meaningless’

17.12.2022
Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, says the problem with auditing cryptocurrency exchanges, like Binance and FTX, is the same as when he started using a new kind of credit default swap. “Our auditors were learning on the job,”...

Stablecoin BUSD’s Supply Shrunk by 3.24 Billion in 3 Days, Market Cap Is Down 20% Since Last Month

16.12.2022
While billions of dollars in crypto assets have been withdrawn from Binance, the world’s largest exchange in terms of volume, the stablecoin BUSD has seen its coins in circulation drop considerably during the last three days. While 20% of BUSD’s supply was drained since last month...

Crypto Listing and Delisting Announcements: Week 50

16.12.2022
Here is our weekly collection of digital asset listing and delisting, trading pair-related announcements by crypto exchanges that we found last week and today. Have we missed something? Do you have information about new listings and/or delistings? Let us know here....

Earn 175% APR Through ApeCoin (APE) Staking on LBank Exchange

16.12.2022
PRESS RELEASE. INTERNET CITY, DUBAI, Dec 16, 2022 – LBank Exchange, a global digital asset trading platform, has recently launched ApeCoin (APE) staking in its “Earn” – “Flexible” section, users will be able to earn APE token with an annual return of 175% (floating adjustment), and withdraw...

Crypto Exchange Zipmex to Seek Creditor Support for Recovery Process: Source

16.12.2022
The goal is to fully reactivate customer withdrawals once creditors have approved the plan in a vote

Raydium is attacked, loses $2 million

16.12.2022
The team said that authority over the automated market maker and farm programs have been paused, “for now.”

Accounting Firm Mazars Stops Proof-of-Reserve Audits for Crypto Firms, Binance Audit Removed From the Web

16.12.2022
The accounting firm Mazars Group has stopped doing proof-of-reserves (POR) audits for cryptocurrency exchanges and the recently published Binance POR has been removed from the web. Mazars was conducting a number of POR audits for crypto exchanges like Binance, Crypto.com, and Kucoin following...

Solana-Based Raydium Exchange Victim of 7-figure Exploit

16.12.2022
Currently, about $2 million of different cryptocurrencies are sitting in the attacker’s account

Only for foreign trade: Bank of Russia stands against free crypto investment

16.12.2022
The Russian government doesn’t want to enable Bitcoin for regular Russian people but exclusively for foreign trade entities

Coinbase launches new asset recovery tool for ERC-20 tokens

16.12.2022
Coinbase takes the lead in the industry by becoming the first-ever crypto company to begin rolling out a new tool that helps users to recover up to 4,000 unsupported ERC-20 tokens. The move is indeed helpful, as tokens are often sent by mistake. It is difficult to recover those tokens due to their...

Binance proof-of-reserves removed from the auditor's site

16.12.2022
Mazars Group, known for its proof-of-reserve audit services for crypto companies, reportedly removed PoR audits from its site

Crypto Futures ETFs Raise More Than $73 Million Ahead of Hong Kong Launch

16.12.2022
Hong Kong’s first crypto-based exchange-traded funds (ETFs) have attracted over $73 million ahead of their debut on the region’s stock exchange. The launch of the two ETFs tracking cryptocurrency futures listed in the United States comes despite the industry’s current troubles....