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Heco Chain, HTX Hit by $100M Hack, Justin Sun Says Exchange Will Cover All Losses
22.11.2023
A recent hack drained $100 million worth of crypto from Heco Chain and HTX exchange. Image by Cihangir Stock, Adobe Stock. Cryptocurrency exchange HTX and blockchain protocol Heco Chain were exploited on Wednesday in a hack totaling $97 million worth of digital tokens, according to Justin Sun,...
Heco Bridge Breach Drains $86 Million — Justin Sun’s HTX-Linked Venture Faces Major Security Setback
22.11.2023
Numerous sources have reported that the Heco Bridge, a cross-chain conduit linking Ethereum with the Heco blockchain, has suffered a security breach, resulting in a loss of $86 million. Subsequent to the heist, the stolen funds were redirected to various decentralized exchange (dex) platforms....
Degens Ride the Wave: Massive Surge in ‘CZ’ Token Amid Binance CEO’s Resignation
22.11.2023
Source: Adobe / MysteryShot Risk-loving crypto traders, often referred to as “degens,” are capitalizing on the recent announcement of Binance CEO Changpeng Zhao’s (CZ) resignation and guilty plea by scooping up a newly launched token called “CZ.” Despite...
Bitcoin Technical Analysis: BTC Holds Steady After Binance Settlement and Fed Minutes
22.11.2023
The price of bitcoin is coasting along under the $37K range following the recent settlement between the U.S. Department of Justice (DOJ) and Binance. At the same time, the U.S. Federal Reserve’s minutes were released on Tuesday showing no signs of any possible rate cuts or monetary easing....
As Viral ETF Token Plummets 99%, This Other Bitcoin ETF Project Just Raised $1.3 Million – Next 100x Coin?
22.11.2023
As market hype around the prospect of an imminent Bitcoin Spot ETF grows, so too has super-charged price action on DEX markets, but in a move shocking markets this morning, viral BTC ETF token has rug-pulled – leaving investors scrambling for alternative plays. Recent months have seen a huge...
New Binance CEO Says Exchange Has “Robust Revenues and Profits,” Hinting at Ability to Pay $4.3B Fines
22.11.2023
Image Source: Bloomberg New Binance CEO Richard Teng has hinted at the exchange’s ability to pay the $4.3 billion it has been fined by the US Justice Department. Teng, who was named CEO of Binance on Tuesday after Changpeng Zhao stepped down, said in a recent post on X (formerly Twitter)...
Sam Altman’s Role at Worldcoin Remains Unchanged Despite OpenAI Controversy
22.11.2023
Source: OpenAI Sam Altman‘s role at Worldcoin is expected to remain unchanged despite the recent OpenAI controversy. Altman, who was ousted as CEO of OpenAI last week, is also a co-founder of the crypto company Worldcoin and currently serves as chairperson of its developer, Tools...
Analysis Claims Discovery of Selective Transaction Filtering in Bitcoin Mining Pools
21.11.2023
A recent analysis by 0xB10C, a developer and onchain analyst, has uncovered intriguing findings in the Bitcoin network. The study, which focuses on the mining pools’ transaction selection processes, revealed that certain transactions from U.S. Treasury-sanctioned addresses were missing from...
Best Crypto to Buy Now November 21 – Radix, Klaytn, ApeCoin
21.11.2023
XRD, KLAY, APE, MK, and TGC are some of the best crypto to buy now. Image by cryptonews.com. The XRD price surge and market buzz surrounding Radix, Klaytn, and ApeCoin, along with promising crypto presales like Meme Kombat and TG.Casino, has positioned these as some of the best crypto to buy now....
Report: Bitcoin Mining Project Initiates Construction of Hydro-Powered Facility in Nigeria
21.11.2023
A Nigerian startup named Trojan Mining is constructing a hydro-powered facility dedicated to bitcoin (BTC) mining in the African country, according to a recent report. Over the weekend, Trojan unveiled the creation of its mining container, locally produced and designed for a 500-kilowatt (KW)...
As Rocky Token Surges 270x in 24-Hours, Investors Are Turning Their Attention to This Other Bitcoin ETF Project – How Does it Work?
21.11.2023
Amid a rise in DEX launched meme coins, a new Solana-based project called Rocky token ($ROCKY) has surged a whopping 270x over the past 24-hours, but with price in retracement – investors are turning their attention to this other Bitcoin ETF project. Recent months have seen a huge trend...
BNB Records Uptick Following Reports of Potential $4 Billion Settlement With the DOJ
21.11.2023
Source: AdobeStock / akif BNB has surged over 7% in the last 24 hours after reports of Binance being involved in a potential $4 billion settlement with the United States Department of Justice (DOJ). The recent rise in the Binance-based token marks its highest point since June after the price moved...
Tencent, Huawei Make Bold Moves in Web3 Amid China’s Crypto Constraints
21.11.2023
Source: LT/Adobe Tencent and Huawei, two major Chinese tech giants, are making notable strides in the Web3 space despite the country’s stringent regulations on cryptocurrency trading. At the Staking Summit in Istanbul, a two-day conference featuring top minds in proof-of-stake (PoS)...
Senator Cynthia Lummis Slams SEC for its “Ruling by Enforcement” Approach Following Kraken Lawsuit
21.11.2023
Source: Sen. Cynthia Lummis’ website Senator Cynthia Lummis has criticized the Securities and Exchange Commission (SEC) for its current approach to cryptocurrency regulation. In a recent post on X (formerly Twitter), the senator accused the agency of relying on a “ruling by enforcement”...
Bitcoin Achieves Lifetime Record With Over 710,000 Daily Transactions Confirmed on Sunday
20.11.2023
On Sunday, November 19, 2023, Bitcoin achieved a historic milestone, registering the highest number of daily transactions ever confirmed within a 24-hour span. A significant 710,579 transfers were confirmed by miners that day, including a significant portion of 475,249 Ordinal inscriptions. Bitcoin...
Digital Asset Funds Record $176 Million Inflows as Market Rebounds: Here’s More
20.11.2023
Source: Adobe / Luisa The digital asset market continues to notch multiple wins in recent months as it recovers losses recorded in previous months with multiple assets soaring to yearly all-time highs. A new CoinShares Weekly Asset Flow report shows a massive increase in investor sentiments over...
Cathie Wood’s Ark Invest and 21Shares Amend Bitcoin Spot ETF Application
20.11.2023
Image Source: iStock Cathie Wood’s Ark Invest has made a recent amendment to its spot Bitcoin exchange-traded fund (ETF) application in collaboration with 21Shares. The amended filing, dated November 20, offers insights into the proposed spot Bitcoin ETF, focusing on critical aspects such...
Bitcoin Bulls Brace For Breakout Towards $40,000 as This Bullish Technical Pattern Forms – Where Next for the BTC Price?
20.11.2023
Source: Pexels Bitcoin bulls are bracing for another leg higher in the market and a potential challenge of the psychologically important $40,000 level in light of the recent formation of a bullish short-term technical pattern called an ascending triangle. The BTC price was last in the $37,600s...
States of Jersey Police Warn Islanders of Crypto Fraud Following a Recent Scam
20.11.2023
Source: Pixabay The States of Jersey Police brought a crypto investment fraud to light that resulted in losses amounting to £700,000 ($873K). Jersey police issued a warning to the islanders to be vigilant about cryptocurrency scams. The British isle issued a cautionary note to residents to be aware...
Ethereum Technical Analysis: ETH Breaks $2,000 Barrier Amid Positive Trading Outlook
20.11.2023
On Monday, ethereum (ETH) showcased an impressive bullish pattern, with its value reaching a peak of $2,041 as of November 20, 2023. Ranking as the second most prominent cryptocurrency with a market capitalization of $242 billion, it continues to draw substantial trading activity, totaling $15.33...