📣 Crypto-Focused Bank Silvergate Slashes 40% Workforce, Abandons Several Projects
CEO Alan Lane said that Silvergate currently maintains a cash position in excess of its digital asset-related deposits.Crypto-focused bank – Silvergate Capital – has become the latest to slash 40% of its workforce, which is around 200 employees, according to a Wall Street Journal report on Thursday.
The news comes as the bank experienced massive customer withdrawals. In a statement. In an early release of a part of Silvergate’s fourth quarterly results, the bank said that crypto-related deposits fell by a major 68% from $11.9 billion to $3.8 billion. By the end of 2022, $150 million of Silvergae’s deposits were held by customers who had filed for bankruptcy protection. In the process, the company lost $718 million, which far exceeded its total profits since 2013.
Source
https://t.me/CryptoNewsSource
CEO Alan Lane said that Silvergate currently maintains a cash position in excess of its digital asset-related deposits.Crypto-focused bank – Silvergate Capital – has become the latest to slash 40% of its workforce, which is around 200 employees, according to a Wall Street Journal report on Thursday.
The news comes as the bank experienced massive customer withdrawals. In a statement. In an early release of a part of Silvergate’s fourth quarterly results, the bank said that crypto-related deposits fell by a major 68% from $11.9 billion to $3.8 billion. By the end of 2022, $150 million of Silvergae’s deposits were held by customers who had filed for bankruptcy protection. In the process, the company lost $718 million, which far exceeded its total profits since 2013.
Source
https://t.me/CryptoNewsSource
🆘 Bitcoin Core Developer Lost All BTC Holdings
One of the original Bitcoin developers, Luke Dashjr, revealed today on Twitter that his PGP key had been broken into and that his bitcoins had been taken. The quantity of missing bitcoins is still unknown.
After learning of the theft, the well-known developer voiced shock and amazement and theft questions about why he couldn’t get through to anyone at the FBI or IC3. The exact quantity of lost Bitcoin is still unknown, however, according to Dashjr, a sizeable sum appears to have been sent to 1YAR6opJCfDjBNdn5bV8b5Mcu84tv92fa using the CoinJoin mixing service.
Source
https://t.me/CryptoNewsSource
One of the original Bitcoin developers, Luke Dashjr, revealed today on Twitter that his PGP key had been broken into and that his bitcoins had been taken. The quantity of missing bitcoins is still unknown.
After learning of the theft, the well-known developer voiced shock and amazement and theft questions about why he couldn’t get through to anyone at the FBI or IC3. The exact quantity of lost Bitcoin is still unknown, however, according to Dashjr, a sizeable sum appears to have been sent to 1YAR6opJCfDjBNdn5bV8b5Mcu84tv92fa using the CoinJoin mixing service.
Source
https://t.me/CryptoNewsSource
Nexo-labeled address withdraws $153M in Wrapped BTC from MakerDAO
The crypto community chose to link the funds' withdrawal with Nexo's insolvency rumors due to the wallet's name — Nexo: 0x8fd. Just a few days after market analysts predicted a 50% drop in NEXO price due to regulatory pressure and investor concerns, a crypto wallet address labeled as NEXO 0x8fd withdrew 7,758.8 Wrapped Bitcoin (WBTC) — roughly worth $153M — from MakerDAO.
On Sept. 26, regulators from eight U.S. states filed a cease-and-desist order against Nexo under the allegations of offering unregistered securities to investors without warning. Moreover, Kentucky regulators accused Nexo of insolvency owing to liabilities exceeding assets when excluding Nexo. Following suit, on Sept. 30, blockchain investigator Peckshield alerted the transfer of 7,758.8 WBTC from MakerDAO. One of the main reasons the crypto community chose to link.
Source
https://t.me/CryptoNewsSource
The crypto community chose to link the funds' withdrawal with Nexo's insolvency rumors due to the wallet's name — Nexo: 0x8fd. Just a few days after market analysts predicted a 50% drop in NEXO price due to regulatory pressure and investor concerns, a crypto wallet address labeled as NEXO 0x8fd withdrew 7,758.8 Wrapped Bitcoin (WBTC) — roughly worth $153M — from MakerDAO.
On Sept. 26, regulators from eight U.S. states filed a cease-and-desist order against Nexo under the allegations of offering unregistered securities to investors without warning. Moreover, Kentucky regulators accused Nexo of insolvency owing to liabilities exceeding assets when excluding Nexo. Following suit, on Sept. 30, blockchain investigator Peckshield alerted the transfer of 7,758.8 WBTC from MakerDAO. One of the main reasons the crypto community chose to link.
Source
https://t.me/CryptoNewsSource
🟠 Binance Users Get Past KYC Controls With Help From ‘Angels’
A recent report by CNBC has revealed that some Binance employees and “volunteers” are helping users in China and other countries evade Binance’s Know Your Customer (KYC) controls. The report states that these individuals, who call themselves “Angels,” share a variety of techniques with other users on how to bypass controls, including forging bank documents.
The revelation of these practices raises questions about the integrity of BNB’s operations and the extent to which it is willing to go to maintain its user base. The company has faced regulatory scrutiny in the past, and this latest report could further damage its reputation. This report highlights the challenges facing crypto companies operating in countries with restrictive regulations. It also underscores the importance of KYC controls and the need for companies to ensure that their employees and volunteers are adhering to local laws and regulations.
Source
https://t.me/CryptoNewsSource
A recent report by CNBC has revealed that some Binance employees and “volunteers” are helping users in China and other countries evade Binance’s Know Your Customer (KYC) controls. The report states that these individuals, who call themselves “Angels,” share a variety of techniques with other users on how to bypass controls, including forging bank documents.
The revelation of these practices raises questions about the integrity of BNB’s operations and the extent to which it is willing to go to maintain its user base. The company has faced regulatory scrutiny in the past, and this latest report could further damage its reputation. This report highlights the challenges facing crypto companies operating in countries with restrictive regulations. It also underscores the importance of KYC controls and the need for companies to ensure that their employees and volunteers are adhering to local laws and regulations.
Source
https://t.me/CryptoNewsSource
📉 Airtm Winds Down Cryptocurrency Trading, Exchanges All Funds to Native Stablecoin
Airtm, a Latam popular cryptocurrency exchange and wallet, has announced it is winding down cryptocurrency trading and custody in its platform. The company stated that starting Jan. 4, 2023, all cryptocurrency deposits and withdrawals would be paused.
Airtm, a popular exchange used by freelancers in Latam, has announced it is winding down cryptocurrency trading and custody services. The company, which has more than 2 million customers in the region, disclosed in a message on its platform that they were retiring cryptocurrency-based services in its wallet, leaving customers unable to deposit or withdraw their cryptocurrency funds out of the exchange. Some users reported having seen the exchange operations in their accounts.
Source
https://t.me/CryptoNewsSource
Airtm, a Latam popular cryptocurrency exchange and wallet, has announced it is winding down cryptocurrency trading and custody in its platform. The company stated that starting Jan. 4, 2023, all cryptocurrency deposits and withdrawals would be paused.
Airtm, a popular exchange used by freelancers in Latam, has announced it is winding down cryptocurrency trading and custody services. The company, which has more than 2 million customers in the region, disclosed in a message on its platform that they were retiring cryptocurrency-based services in its wallet, leaving customers unable to deposit or withdraw their cryptocurrency funds out of the exchange. Some users reported having seen the exchange operations in their accounts.
Source
https://t.me/CryptoNewsSource
🇺🇸 DOJ Is Seizing Bank Assets And $450M Of Robinhood Stock Is Linked To FTX
The DOJ is seizing assets linked to the bankrupt crypto company FTX, including some shares in the trading app Robinhood, officials said during a virtual court hearing in Delaware. Attorneys for the Department of Justice said these assets are not part of bankruptcy proceedings.
According to Department of Justice counsel Seth Shapiro, one of the requests was “connected to Robinhood shares, which the federal government has also confiscated,” in a Delaware bankruptcy court on Wednesday. FTX has determined that Emergent owns only “in the name” these shares, which belong to their company. The bankrupt cryptocurrency company said in the filing that “Emergent is a special-purpose holding company and appears to have no other business.“
Source
https://t.me/CryptoNewsSource
The DOJ is seizing assets linked to the bankrupt crypto company FTX, including some shares in the trading app Robinhood, officials said during a virtual court hearing in Delaware. Attorneys for the Department of Justice said these assets are not part of bankruptcy proceedings.
According to Department of Justice counsel Seth Shapiro, one of the requests was “connected to Robinhood shares, which the federal government has also confiscated,” in a Delaware bankruptcy court on Wednesday. FTX has determined that Emergent owns only “in the name” these shares, which belong to their company. The bankrupt cryptocurrency company said in the filing that “Emergent is a special-purpose holding company and appears to have no other business.“
Source
https://t.me/CryptoNewsSource
US Investigates Binance on Allegations of Money Laundering
Federal prosecutors working for the U.S. Justice Department asked Binance to provide records relating to money laundering checks, as well as communications between key figures within the company, including its CEO Changpeng Zhao (CZ). Agents working for the money laundering division of the Justice Department asked the crypto exchange.
This is according to a Dec 2020 request which remained unseen until recently. Agents working for the money laundering division of the Justice Department asked the crypto exchange to voluntarily hand over documents pertaining to 13 top executives working for the company. Binance Chief Communications Officer Patrick Hillmann was quick to play down the investigation when he spoke to Reuters.The prosecutors are particularly interested in establishing whether Binance violated the Bank Secrecy Act.
Source
https://t.me/CryptoNewsSource
Federal prosecutors working for the U.S. Justice Department asked Binance to provide records relating to money laundering checks, as well as communications between key figures within the company, including its CEO Changpeng Zhao (CZ). Agents working for the money laundering division of the Justice Department asked the crypto exchange.
This is according to a Dec 2020 request which remained unseen until recently. Agents working for the money laundering division of the Justice Department asked the crypto exchange to voluntarily hand over documents pertaining to 13 top executives working for the company. Binance Chief Communications Officer Patrick Hillmann was quick to play down the investigation when he spoke to Reuters.The prosecutors are particularly interested in establishing whether Binance violated the Bank Secrecy Act.
Source
https://t.me/CryptoNewsSource
💰 Cardano Founders Will Open New Hospital Accepting ADA Payments In 2023
Customers can use ADA to pay for medical services at Cardano founder Charles Hoskinson’s new hospital. However, the Cardano designer has not stated whether he accepts other major crypto assets such as Bitcoin (BTC) and Ethereum (ETH).
Cardano founder Charles Hoskinson has announced the opening of “Hoskinson Mental Health and Wellness Clinic,” a new hospital. He announced the development a few days ago and stated that the hospital will open in February 2023. The clinic is partially operational and will resume normal operations next month. According to the company’s LinkedIn page, the hospital now employs roughly 10 people and is aiming to expand its workforce.
Source
https://t.me/CryptoNewsSource
Customers can use ADA to pay for medical services at Cardano founder Charles Hoskinson’s new hospital. However, the Cardano designer has not stated whether he accepts other major crypto assets such as Bitcoin (BTC) and Ethereum (ETH).
Cardano founder Charles Hoskinson has announced the opening of “Hoskinson Mental Health and Wellness Clinic,” a new hospital. He announced the development a few days ago and stated that the hospital will open in February 2023. The clinic is partially operational and will resume normal operations next month. According to the company’s LinkedIn page, the hospital now employs roughly 10 people and is aiming to expand its workforce.
Source
https://t.me/CryptoNewsSource
📣 Fidelity is building out a crypto and token research team
Asset management giant Fidelity is building out its crypto research chops, hiring for a lead for its crypto and token research development team. The newly created role would be a senior position that would join its existing quantitative research and investments technology team in its asset management business,
Fidelity is no stranger to the crypto market, having a stood up an institutional trading and execution services team since 2018. The firm also recently opened up bitcoin and ether trading to its retail brokerage clients. It plans to expand the offering by allowing clients to move coins on and off its platform. As for the new crypto research role, the position will report into the vice president of quant development and will "partner with other Fidelity business and technology leaders to identify and define strategic priorities based on an understanding of business value needs."
Source
https://t.me/CryptoNewsSource
Asset management giant Fidelity is building out its crypto research chops, hiring for a lead for its crypto and token research development team. The newly created role would be a senior position that would join its existing quantitative research and investments technology team in its asset management business,
Fidelity is no stranger to the crypto market, having a stood up an institutional trading and execution services team since 2018. The firm also recently opened up bitcoin and ether trading to its retail brokerage clients. It plans to expand the offering by allowing clients to move coins on and off its platform. As for the new crypto research role, the position will report into the vice president of quant development and will "partner with other Fidelity business and technology leaders to identify and define strategic priorities based on an understanding of business value needs."
Source
https://t.me/CryptoNewsSource
⚡️Cryptocurrency adverts benched ahead of Super Bowl LVII
Coinbase, Crypto.com, eToro, and FTX advertised at Super Bowl LVI as last year crypto markets were firmly part of the zeitgeist. This year, declining prices amid a turbulent macroeconomic backdrop and several high-profile collapses have pushed crypto to the sidelines.
NFT and gaming company Limit Break spent $6.5 million to advertise during Super Bowl LVII. The firm will be pushing its "free-to-own" digital collectibles this evening. Limit Break, which received investment from collapsed crypto exchange FTX last year, spent the money on a 30-second spot. "This marks the first time an NFT developer has purchased a Super Bowl ad," the company said. The Kansas City Chiefs take on the Philadelphia Eagles this year, with the game getting underway at 6:30 p.m. EST.
Source
https://t.me/CryptoNewsSource
Coinbase, Crypto.com, eToro, and FTX advertised at Super Bowl LVI as last year crypto markets were firmly part of the zeitgeist. This year, declining prices amid a turbulent macroeconomic backdrop and several high-profile collapses have pushed crypto to the sidelines.
NFT and gaming company Limit Break spent $6.5 million to advertise during Super Bowl LVII. The firm will be pushing its "free-to-own" digital collectibles this evening. Limit Break, which received investment from collapsed crypto exchange FTX last year, spent the money on a 30-second spot. "This marks the first time an NFT developer has purchased a Super Bowl ad," the company said. The Kansas City Chiefs take on the Philadelphia Eagles this year, with the game getting underway at 6:30 p.m. EST.
Source
https://t.me/CryptoNewsSource
🪙 Justin Sun Invests $33,000,000 In The Aave Lending Pool
Justin Sun recently transferred a sizeable sum of $33 million USDC to Aave Lending Pool v2. PeckShield, a blockchain security company, spotted the movement and discovered that the assets came from the Poloniex exchange, where Sun had already received USDC two years prior.
This action by Sun exemplifies his strategy for controlling his crypto assets, keeping them secure, and optimizing returns. Sun’s transfer to Aave may have been motivated by his desire to earn money from USDT without having to expose himself to the volatility of assets like Ethereum, Bitcoin, and other cryptocurrencies. Sun’s decision to transfer cash to a lending pool was a wise one given the current state of uncertainty in the cryptocurrency market, where the majority of analysts are forecasting a correction.
Source
https://t.me/CryptoNewsSource
Justin Sun recently transferred a sizeable sum of $33 million USDC to Aave Lending Pool v2. PeckShield, a blockchain security company, spotted the movement and discovered that the assets came from the Poloniex exchange, where Sun had already received USDC two years prior.
This action by Sun exemplifies his strategy for controlling his crypto assets, keeping them secure, and optimizing returns. Sun’s transfer to Aave may have been motivated by his desire to earn money from USDT without having to expose himself to the volatility of assets like Ethereum, Bitcoin, and other cryptocurrencies. Sun’s decision to transfer cash to a lending pool was a wise one given the current state of uncertainty in the cryptocurrency market, where the majority of analysts are forecasting a correction.
Source
https://t.me/CryptoNewsSource
Nexo-labeled address withdraws $153M in Wrapped BTC from MakerDAO
The crypto community chose to link the funds' withdrawal with Nexo's insolvency rumors due to the wallet's name — Nexo: 0x8fd. Just a few days after market analysts predicted a 50% drop in NEXO price due to regulatory pressure and investor concerns, a crypto wallet address labeled as NEXO 0x8fd withdrew 7,758.8 Wrapped Bitcoin (WBTC) — roughly worth $153M — from MakerDAO.
On Sept. 26, regulators from eight U.S. states filed a cease-and-desist order against Nexo under the allegations of offering unregistered securities to investors without warning. Moreover, Kentucky regulators accused Nexo of insolvency owing to liabilities exceeding assets when excluding Nexo. Following suit, on Sept. 30, blockchain investigator Peckshield alerted the transfer of 7,758.8 WBTC from MakerDAO. One of the main reasons the crypto community chose to link.
Source
https://t.me/CryptoNewsSource
The crypto community chose to link the funds' withdrawal with Nexo's insolvency rumors due to the wallet's name — Nexo: 0x8fd. Just a few days after market analysts predicted a 50% drop in NEXO price due to regulatory pressure and investor concerns, a crypto wallet address labeled as NEXO 0x8fd withdrew 7,758.8 Wrapped Bitcoin (WBTC) — roughly worth $153M — from MakerDAO.
On Sept. 26, regulators from eight U.S. states filed a cease-and-desist order against Nexo under the allegations of offering unregistered securities to investors without warning. Moreover, Kentucky regulators accused Nexo of insolvency owing to liabilities exceeding assets when excluding Nexo. Following suit, on Sept. 30, blockchain investigator Peckshield alerted the transfer of 7,758.8 WBTC from MakerDAO. One of the main reasons the crypto community chose to link.
Source
https://t.me/CryptoNewsSource
💰 Cardano Founders Will Open New Hospital Accepting ADA Payments In 2023
Customers can use ADA to pay for medical services at Cardano founder Charles Hoskinson’s new hospital. However, the Cardano designer has not stated whether he accepts other major crypto assets such as Bitcoin (BTC) and Ethereum (ETH).
Cardano founder Charles Hoskinson has announced the opening of “Hoskinson Mental Health and Wellness Clinic,” a new hospital. He announced the development a few days ago and stated that the hospital will open in February 2023. The clinic is partially operational and will resume normal operations next month. According to the company’s LinkedIn page, the hospital now employs roughly 10 people and is aiming to expand its workforce.
Source
https://t.me/CryptoNewsSource
Customers can use ADA to pay for medical services at Cardano founder Charles Hoskinson’s new hospital. However, the Cardano designer has not stated whether he accepts other major crypto assets such as Bitcoin (BTC) and Ethereum (ETH).
Cardano founder Charles Hoskinson has announced the opening of “Hoskinson Mental Health and Wellness Clinic,” a new hospital. He announced the development a few days ago and stated that the hospital will open in February 2023. The clinic is partially operational and will resume normal operations next month. According to the company’s LinkedIn page, the hospital now employs roughly 10 people and is aiming to expand its workforce.
Source
https://t.me/CryptoNewsSource
🪙 Ethereum, 200 days after The Merge: $4 billion in ether not added to supply
Exactly 200 days after Ethereum switched from the energy-intensive proof-of-work consensus mechanism to proof of stake, the impact of the network's tokenomics change have been made clear. When The Merge took place it lowered the amount of rewards given to those running the network. Combined with the previously introduced burning mechanism.
Since The Merge, the total supply of ether decreased by 75,000 ($134.5 million), representing an annual decrease of 0.114%. For comparison, were The Merge never to happen, the total supply of ether would have increased by 2.2 million — worth more than $4 billion at current prices. With The Merge, however, came the temporary inability to unstake staked ether — an action that will become available shortly when Ethereum's Shanghai upgrade is implemented on April 12. Shanghai will allow those who staked ether to withdraw their staked coins — but not all at once.
Source
https://tme/CryptoNewsSource
Exactly 200 days after Ethereum switched from the energy-intensive proof-of-work consensus mechanism to proof of stake, the impact of the network's tokenomics change have been made clear. When The Merge took place it lowered the amount of rewards given to those running the network. Combined with the previously introduced burning mechanism.
Since The Merge, the total supply of ether decreased by 75,000 ($134.5 million), representing an annual decrease of 0.114%. For comparison, were The Merge never to happen, the total supply of ether would have increased by 2.2 million — worth more than $4 billion at current prices. With The Merge, however, came the temporary inability to unstake staked ether — an action that will become available shortly when Ethereum's Shanghai upgrade is implemented on April 12. Shanghai will allow those who staked ether to withdraw their staked coins — but not all at once.
Source
https://tme/CryptoNewsSource
📊 Robinhood cryptocurrency trading volume jumps 95% in January
Robinhood reported cryptocurrency trading volumes up 95% in January to $3.7 billion from the previous month. Notional Trading Volumes — which are the primary driver of transaction revenues — were higher in January for equities, options and crypto from December 2022.
Equities were $46 billion, up 19% and option contracts were 82.9 million, up 10%, the company said in a statement. Monthly Active Users (MAU) at the end of January were 12 million, up 600,000 from December. Assets under custody (AUC) at the end of January were $74.7 billion, up 20% from the end of December. Shares were up nearly 6% at the close. Cryptocurrencies and other measures were higher in January than December, Robinhood said.
Source
https://t.me/CryptoNewsSource
Robinhood reported cryptocurrency trading volumes up 95% in January to $3.7 billion from the previous month. Notional Trading Volumes — which are the primary driver of transaction revenues — were higher in January for equities, options and crypto from December 2022.
Equities were $46 billion, up 19% and option contracts were 82.9 million, up 10%, the company said in a statement. Monthly Active Users (MAU) at the end of January were 12 million, up 600,000 from December. Assets under custody (AUC) at the end of January were $74.7 billion, up 20% from the end of December. Shares were up nearly 6% at the close. Cryptocurrencies and other measures were higher in January than December, Robinhood said.
Source
https://t.me/CryptoNewsSource
🇧🇬 Bulgaria’s Prosecutor General Insists Nexo Investigation Isn't Political
There is no political aspect to the investigation into crypto lender Nexo, a spokesperson for Bulgaria’s Prosecutor General has insisted, according to local reports. “It has become a national sport to attack the institutions,” the spokesperson Siika Mileva added.
Last week, the company said it believed the large-scale action taken against it, which included a raid on its offices in Sofia and the charging of four people with various offenses, were politically motivated. Nexo lets users earn interest on their cryptocurrencies, as well as take out crypto-backed loans for cash. Bulgaria is in the midst of a long-running political crisis, with the country likely to hold its fifth general election in the space of two years this spring.
Source
https://t.me/CryptoNewsSource
There is no political aspect to the investigation into crypto lender Nexo, a spokesperson for Bulgaria’s Prosecutor General has insisted, according to local reports. “It has become a national sport to attack the institutions,” the spokesperson Siika Mileva added.
Last week, the company said it believed the large-scale action taken against it, which included a raid on its offices in Sofia and the charging of four people with various offenses, were politically motivated. Nexo lets users earn interest on their cryptocurrencies, as well as take out crypto-backed loans for cash. Bulgaria is in the midst of a long-running political crisis, with the country likely to hold its fifth general election in the space of two years this spring.
Source
https://t.me/CryptoNewsSource
🇸🇬 Asia’s Leading Web3 Conference TOKEN2049 Will Return To Singapore In September 2023
TOKEN2049 will return to Singapore in September 2023 and will welcome over 7000 attendees. After an impressive launch in Singapore in September 2022 and concluding, the conference has achieved resounding success. Asia’s leading large-scale Web3 event Token2049 will return in September 2023.
According to the announcement, the conference will occur on 13-14 September 2023 at Marina Bay Sands, coinciding with the Formula 1 Singapore Grand Prix race weekend. This is the flagship event of Asia Crypto Week that will see an expanded program of over 100 side events and networking opportunities taking place from September 11-17 across the city.TOKEN2049 is expected to welcome over 7,000 attendees, including industry leaders, traders, and innovators.
Source
https://t.me/CryptoNewsSource
TOKEN2049 will return to Singapore in September 2023 and will welcome over 7000 attendees. After an impressive launch in Singapore in September 2022 and concluding, the conference has achieved resounding success. Asia’s leading large-scale Web3 event Token2049 will return in September 2023.
According to the announcement, the conference will occur on 13-14 September 2023 at Marina Bay Sands, coinciding with the Formula 1 Singapore Grand Prix race weekend. This is the flagship event of Asia Crypto Week that will see an expanded program of over 100 side events and networking opportunities taking place from September 11-17 across the city.TOKEN2049 is expected to welcome over 7,000 attendees, including industry leaders, traders, and innovators.
Source
https://t.me/CryptoNewsSource
🚨 Coinbase Dismisses 60 People due to the Intensifying Crypto Winter
The meltdown of FTX and the consecutive crash of the crypto market triggered additional layoffs in Coinbase. The US-based cryptocurrency exchange – Coinbase – reportedly reduced its team by 60 people following the FTX saga and the consecutive plunge of the market.Chief Financial Officer Alesia Haas said the company might lay off more people.
Coinbase launched its dismissal spree in June when it reduced its total workforce by 18%. CEO Brian Armstrong suggested that the economy appears to be entering into recession after over a decade of financial boom, which is why the firm reorganized its expenses. However, FTX’s collapse this week vaporized hopes that the start of a new bull run is near. The crypto market cap dropped below $850 billion at some point, with bitcoin plunging to a two-year low of approximately $15,500.
Source
https://t.me/CryptoNewsSource
The meltdown of FTX and the consecutive crash of the crypto market triggered additional layoffs in Coinbase. The US-based cryptocurrency exchange – Coinbase – reportedly reduced its team by 60 people following the FTX saga and the consecutive plunge of the market.Chief Financial Officer Alesia Haas said the company might lay off more people.
Coinbase launched its dismissal spree in June when it reduced its total workforce by 18%. CEO Brian Armstrong suggested that the economy appears to be entering into recession after over a decade of financial boom, which is why the firm reorganized its expenses. However, FTX’s collapse this week vaporized hopes that the start of a new bull run is near. The crypto market cap dropped below $850 billion at some point, with bitcoin plunging to a two-year low of approximately $15,500.
Source
https://t.me/CryptoNewsSource
🪙 Dogecoin Becomes The Most Traded Crypto By Whales Following Elon Musk’s New Post
Dogecoin, commonly known as DOGE, became the most traded token among the top 100 Binance Coin (BNB) holders, according to WhaleStats. To reach this milestone, DOGE passed Filecoin’s FIL token, which has recently gained a lot of attention from these investors.
After eccentric billionaire and new Twitter CEO Elon Musk sent Christmas greetings accompanied by images of his puppies, DOGE trading volumes increased. Although it doesn’t appear to be anything unique, one of them, a Shiba Inu, bears the Dogecoin emblem. Musk’s subsequent mention of DOGE did not significantly affect the token price, but trading volumes.
Source
https://t.me/CryptoNewsSource
Dogecoin, commonly known as DOGE, became the most traded token among the top 100 Binance Coin (BNB) holders, according to WhaleStats. To reach this milestone, DOGE passed Filecoin’s FIL token, which has recently gained a lot of attention from these investors.
After eccentric billionaire and new Twitter CEO Elon Musk sent Christmas greetings accompanied by images of his puppies, DOGE trading volumes increased. Although it doesn’t appear to be anything unique, one of them, a Shiba Inu, bears the Dogecoin emblem. Musk’s subsequent mention of DOGE did not significantly affect the token price, but trading volumes.
Source
https://t.me/CryptoNewsSource
🚨 Rubic Lost More Than $1.4 Million Due To The Hack
Rubic is a cross-chain DEX aggregator. Users can exchange native tokens via the RubicProxy contract’s routerCallNative function. Before redeeming, it will first check to see if the target Router of the needed call put in by the user is on the protocol’s white list.
According to PeckShield’s monitoring, the multi-chain exchange protocol was hacked, resulting in a loss of more than 1.4 million US dollars. The attacker sent 1,100 ETH to the Tornado Cash mixing protocol. After analyzing the stolen process, the SlowMist security team concluded that the main cause of the attack was that the protocol incorrectly added USDC tokens.
Source
https://t.me/CryptoNewsSource
Rubic is a cross-chain DEX aggregator. Users can exchange native tokens via the RubicProxy contract’s routerCallNative function. Before redeeming, it will first check to see if the target Router of the needed call put in by the user is on the protocol’s white list.
According to PeckShield’s monitoring, the multi-chain exchange protocol was hacked, resulting in a loss of more than 1.4 million US dollars. The attacker sent 1,100 ETH to the Tornado Cash mixing protocol. After analyzing the stolen process, the SlowMist security team concluded that the main cause of the attack was that the protocol incorrectly added USDC tokens.
Source
https://t.me/CryptoNewsSource