Tag: market

Sep 13 2022

Traders Shorting Ethereum Ahead of The Merge, ETH Funding Rates Negative

Traders are shorting ETH as The Merge is set to arrive in a few days. These traders could simply be hedging risk. Meanwhile, the Ethereum PoW token ETHW is receiving a lot of attention as an airdrop is imminent. Ethereum’s Merge is seeing heavy activity in the market, with many traders shorting ETH. Among the trading activity taking place is the fact that...

Sep 02 2022

Kyber Network Exploited for $265,000

Kyber Network identified and fixed a vulnerability in the front-end. The attacker managed to steal $265,000 through malicious code that was discreetly inserted into the Google Tag Manager. The Kyber Network team has promised to reimburse victims. Kyber Network has revealed that it has been the victim of an exploit that saw $265,000 stolen. The team published a blog post saying that it...

Sep 01 2022

Celsius Custodial Service Users File Petition To Get Funds Back

Users who used Celsius’ custody service are petitioning the company to release their funds. 64 individuals are part of the filing, and they hold approximately $22.5 million in the custody service. Celsius is under a lot of pressure at the moment and has itself made a filing against KeyFi. Celsius seems to be facing more woes, as a group of custodial account holders...

Aug 31 2022

Vitalik Buterin Launches Book Called ‘Proof of Stake,’ a Collection of His Writings

Vitalik Buterin has announced a new book called “Proof-of-Stake,” which is a collection of his writings on the making of Ethereum. The book will be available in both physical and digital editions, and individuals can receive signed digital copies and NFTs on Gitcoin. Ethereum is due to make its transition to Proof-of-Stake next month, a historic moment for the network. Ethereum co-founder Vitalik...

Aug 30 2022

Iran Allows Crypto To Be Used As Payment for Imports

Iran has passed regulation that would allow cryptocurrencies to be used as payment for imports. The country has already conducted one such transaction, which was reportedly worth $10 million. Some have said that Iran is using cryptocurrencies to circumvent the sanctions imposed by the United States government. The government of Iran has given businesses approval to use cryptocurrencies for imports. Local media outlets...

Aug 29 2022

Terraform Labs Faces a Class Action Lawsuit Alleging Racketeering

Terraform Labs has been sued again, this time over allegations of racketeering. The plaintiff Matthew Albright and lawyers conducted an investigation by reviewing several of Terraform Lab’s public statements. The company is facing other lawsuits and investigations. Terraform Labs is facing yet another lawsuit, this time over alleged racketeering. Lawyers on behalf of plaintiff Matthew Albright filed a class action lawsuit, according to...

Aug 26 2022

Tornado Cash Developer Allegedly Had Links to Russia’s FSB

Aug 26 2022 Published at Ethereum World News under tags  crypto cryptocurrency fsb market news

Reports are emerging that the recently arrested Tornado Cash developer is linked to Russia’s FSB. Alexey Pertsev was a former employee of the FSB, according to one report. GitHub also recently removed the source code of Tornado Cash and deleted associated accounts. Reports are emerging that the popular crypto mixing service Tornado Cash is allegedly linked to Russia’s Federal Security Service (FSB). Dutch...

Aug 25 2022

YouTuber BitBoy Pulls Defamation Lawsuit Against Fellow YouTuber Atozy

BitBoy has dropped his defamation lawsuit against Atozy. The YouTuber was sorry that the case had become public and that it was misconstrued. Atozy intends to return all the funds donated to him once the lawsuit has been officially dropped. YouTube crypto personality BitBoy, who also goes by the name Ben Armstrong, has dropped his lawsuit against fellow YouTuber Atozy, also known as...

Aug 24 2022

Liquidators Given Permission To Examine Three Arrows Capital’s Assets

Three Arrows Capital liquidators have been granted access to records of assets of the crypto hedge fund. The liquidators have so far managed to gain control of over $40 million worth of assets. Creditors have claimed as much as $2.8 billion, and this figure could go higher. Liquidators of Three Arrows Capital will be able to access records of the crypto hedge fund’s...

Aug 23 2022

Hodlnaut Says It’s Not Being Investigated Singapore Police

Hodlnaut said that it was not the subject of an investigation by the Singapore Police Force. It offered a summary of events in the judicial review case. The company paused withdrawals earlier this month and is facing a $193 million financial deficit. Crypto firm Hodlnaut has announced that it is not the subject of an investigation by the Singapore Police Force, posting on...

Aug 22 2022

Zipmex Co-Founder Says He Will Not Resign

Zipmex co-founder Marcus Lim has said that he will not resign from his position. One minority shareholder had called for his resignation. Zipmex is currently carrying out several strategies to better its financial position and has filed for bankruptcy protection. Marcus Lim, the co-founder of exchange Zipmex, has said that he will not resign. The exchange is suffering from the losses it experienced...

Aug 19 2022

Canadian Regulator Limits Crypto Exposure for Banks and Insurers

Canada’s OSFI has created interim rules limiting banks’ exposure to cryptocurrencies. The rules will come into effect in the second quarter of 2023. The regulator will update the interim approach as needed. The Office of the Superintendent of Financial Institutions (OSFI), a Canadian regulator, has said that banks and insurers in the country must limit their exposure to crypto assets. Specifically, the interim...

Aug 15 2022

Binance Receives Approval From Kazakhstan Regulator

Binance has received approval from Kazakhstan’s financial regulator to operate in the Astana International Financial Centre. The exchange still has more in the application process to complete, which it expects to do in due course. Founder and CEO Changpeng Zhao had previously met the country’s President to discuss regulation. Binance has received approval from yet another country to operate, with Kazakhstan’s Astana Financial...

Aug 12 2022

Binance Freezes $450K of Funds Stolen During Curve Front-End Exploit

Binance has frozen $450,000 of stolen funds from the Curve Finance front-end exploit. FixedFloat had also frozen about $200,000 in funds. The exploit was quickly patched by the team, limiting the damage. There has been an update from the front-end hack incident of Curve Finance, with Binance seizing $450,000 of the stolen funds. That makes for nearly $650,000 of the funds frozen, as...

Aug 11 2022

Voyager Digital Promotion Leaves Mark Cuban Facing Legal Action

Mark Cuban has been sued for an alleged role in promoting Voyager Digital. The lawsuit alleges that Cuban made multiple statements that were proof of his role in promoting what the filing calls a Ponzi scheme. Voyager CEO and co- founder Stephen Ehrlich is also a defendant. Billionaire entrepreneur Mark Cuban is being sued, according to a legal filing made in the district court...

Aug 09 2022

Insider Misconduct To Be Investigated by Celsius’ Creditor Committee

A Celsius committee of creditors is investigating potential misconduct by Celsius and insiders. The official statement singles out CEO Alex Mashinsky. The committee has hired a law firm and other agencies to help with the process. More developments are unfolding in the Celsius Network saga, as the Celsius’ Creditor Committee has announced that it will investigate potential misconduct of insiders. The Official Committee...

Aug 08 2022

Crypto.com Obtains Licenses in South Korea

Crypto.com has received a necessary license in South Korea, the team announced. The exchange secured the licenses by acquiring two companies. More crypto companies are working on receiving approval as the regulatory noose tightens. Crypto.com has received the registration for Electronic Financial Transaction Act and Virtual Asset Service Provider in South Korea, the company announced via a blog post on August 8. Crypto.com...

Aug 05 2022

U.S. Crypto Exchanges and Binance Reportedly Being Investigated by the SEC

Forbes reports that a staffer from Senator Lummis’ office said that every exchange in the U.S., and Binance, is being investigated by the SEC. The SEC could be looking at whether these exchanges have been allowing unregistered securities to be listed. The SEC has been adamant that the market does not have unregistered securities. A staffer from the office of United States Senator...

Aug 04 2022

Virginia Pension Fund Aims To Boost Its Returns Using Yield Farming

The Fairfax County Retirement Systems will invest in yield farming schemes. Chief investment officer Katherine Molnar spoke about the strategy in an interview. The regulatory landscape in the U.S. is changing, and with that, more incumbent institutions may warm up to crypto. The Fairfax County Retirement Systems, a pension fund in the state of Virginia, will invest in yield farming schemes in a...

Solana Exploit Possibly Caused by Slope Wallet Vulnerability

A bug in Slope wallets is believed to be behind the recent theft from Solana wallets. Nearly $6 million was stolen from 9,000 addresses. Teams are still continuing their investigation and will publish a full report later. The recent attack on Solana wallets that saw 9,000 addresses drained of nearly $6 million has been attributed to compromised private keys on Slope mobile wallet...

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