Crypto exchange Bittrex’s US shutdown gets green light from court
Bittrex, a leading cryptocurrency exchange, has gained court approval for its revised bankruptcy plan to cease its U.S. operations. A court filing revealed that Judge Brendan Shannon approved the company’s liquidation scheme designed to repay remaining creditors. The filing quoted, “As stated on the record at the Hearing, the Court ruled that it would enter […]
Celebrating the legacy of Satoshi Nakamoto with 15 years of Bitcoin
The 15-year milestone of the Bitcoin (BTC) white paper, pioneered by the elusive Satoshi Nakamoto, was marked on October 31. This day in 2008 saw the release of the revolutionary document that introduced a decentralized, peer-to-peer electronic cash system that transformed digital transactions. The white paper was first shared on a cryptographers mailing list on […]
Vaneck refines Spot Bitcoin ETF proposal, unveils new investment strategy
Asset management firm, VanEck, has revised its application for a spot Bitcoin exchange-traded fund (ETF) with the United States Securities and Exchange Commission (SEC). The application was updated on Oct. 27, as confirmed by the SEC’s database. The revised application details that a seed capital investor purchased Seed Creation Baskets, a block of 50,000 shares […]
LastPass data breach leads to shocking $4.4M cryptocurrency theft in a single day
It has been reported that a hacker has made off with $4.4 million in cryptocurrency, in a single day, as a result of a data breach from LastPass. The crypto thief drained at least 25 users’ wallets, bringing the total theft tally to a staggering $35 million since the breach was first identified in 2022. […]
Uniswap DAO shows support for $12 Million investment in Ekubo’s future token
The Uniswap DAO has shown support for a proposal to invest $12 million in Ekubo’s future governance token. The proposal, if passed, would grant Uniswap a 20% stake in the said token. The proposal was initially perceived to have passed completely, but it only passed a temperature check, which has now been corrected. The investment […]
SEC Gary Gensler confirms in review of Spot Bitcoin ETF applications; approval anticipated
The US Securities and Exchange Commission (SEC) is currently reviewing eight to ten applications for spot Bitcoin ETFs. This was confirmed by SEC Chair Gary Gensler, sparking speculation that approval may be imminent. Gensler explained that these applications could potentially come before the five-member commission. He refrained, however, from providing a specific timeline or pre-judging […]
Shiba Inu’s burn rate skyrockets by 5600% after positive market conditions
The burn rate of Shiba Inu, a significant meme coin and the second largest in the cryptocurrency market, has experienced a dramatic increase of 5600%, attracting considerable attention. The development team behind Shiba Inu has been actively focusing on initiatives like the Shiba Inu Burn, showcasing their commitment to the coin’s advancement. The Shiba Inu […]
$1 Billion robbed from crypto space in 2023: smaller heists on the rise!
Cybercriminals have siphoned off over $1 billion from the crypto industry via 75 hacks in 2023. This figure indicates a drop from 2022, when over $3.2 billion was stolen across 60 hacks. However, this decrease is not due to enhanced security measures or a decline in hacker interest. According to Eric Jardine, a cybercrime research […]
Bitcoin ETFs experience surge, as ProShares trades $1.5B amid regulatory changes
Amid anticipations of regulatory shifts in the United States, Bitcoin (BTC) institutional investment products, including ETFs, have witnessed a dramatic volume increase. ProShares and Grayscale are at the forefront of this surge. Data from Bloomberg, indicate that BTC ETFs are nearing record weekly inflows. The possible approval of a Bitcoin spot price-based ETF in the […]
FTX transfers millions in cryptos to Coinbase as SBF testifies
Embattled crypto exchange, FTX, has transferred another batch of crypto assets, including Chainlink’s LINK and Polygon’s MATIC, worth millions to Coinbase Inc. as the company’s founder, Sam Bankman-Fried, takes the stand in court. The move took place Thursday afternoon, with blockchain data confirming that approximately $2.6 million in LINK and $1.3 million in Adventure Gold […]