Bitcoin | Ethereum | Altcoin

2022-10-06 13:17:02 Dogecoin Pumps as Elon Musk Agrees (Again) to Buy Twitter

Dogecoin jumped over 8% on Tuesday after news broke that Elon Musk may finally be acquiescing to purchasing Twitter on the deal’s original terms. Musk’s attorneys sent a letter late last night to Twitter, according to Bloomberg, proposing to buy the social media company for his original offer price of $54.20 per share.

Dogecoin and Musk have shared a long and deeply intertwined history. For years, the world’s richest man has touted the memecoin in numerous playful tweets that he first claimed were ironic, but later appeared indicative of a real working relationship with the cryptocurrency’s developers. Musk’s tweets about DOGE, joking or not, regularly sent the token’s price skyrocketing; when Musk hosted “Saturday Night Live” in May 2021, anticipation of the event sent DOGE hurtling towards an all-time high of $0.72.

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2022-10-05 07:48:02 Grayscale’s GBTC drops to all-time low of $12.5K; conversion to spot ETF could trigger rebound

Grayscale’s bitcoin trust (GBTC) which started trading at a discount in Feb. 2021 has reached an all-time low of -36% when compared to the spot BTC price of $19,000. Grayscale launched the first bitcoin trust in 2013, to provide institutional investors exposure to BTC through traditional instruments.

As of date, assets under management in the bitcoin trust are approximately $12.3 billion. Grayscale holds 635,240 BTC representing 3.3% of BTC’s circulating supply, with each BTC per share worth 0.00091748‡. Prior to Feb. 2021, GBTC was trading at a premium of up to 20%. However, the share price has slipped into the discount area with its current price of $12,508 (priced with a -36.2% discount), as of Sept. 30. 2022. At the current 36.25% discount, institutional investors’ interest in GBTC remains at an all-time low.

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2022-10-04 11:06:02 Transit Swap Hacker Demands Higher Bounty After Returning Over $16M of Stolen Funds

A part of the stolen funds was moved to Tornado Cash. Transit Swap’s project team was reportedly working on collecting “specific data” of the victims and chalking out a return plan as it focused on retrieving the remaining 30% of stolen funds. However, it appears that the hacker is in no mood to let go of the rest.

Transit Swap lost nearly $23 million worth of funds after a hacker exploited a bug in its code on Saturday. After confirming the attack, the platform revealed tracking the hacker’s IP, email address, and associated on-chain addresses. Transit Swap managed to team up with blockchain security and technical teams – Peckshield, SlowMist, TokenPocket, and Bitrace, who were quick to determine the information of the attacker resulting in the return of 70% of stolen funds. The latest breach highlighted the significance of extensive security audits before deploying a code.

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2022-10-03 11:17:02 Multiple Blockchains Will Succeed, ‘But Not 20 or 30’: Fantom Foundation CEO

There are currently over 20,000 blockchain projects on the market, each competing with the others to gain market share and dominance. And Since the onset of the crypto bear market, the price of these tokens have tanked across the industry.

For now, Fantom is among the relatively better-known chains. Its FTM token (No. 67 by market cap) is down 93% since its all-time high of $3.46 on October 28, 2021, and currently trading at $0.22, according to CoinGecko. But the down market and crowded field of competition have not deterred the CEO of Fantom Foundation’s hope for the future. adding that because crypto users have gotten used to using more than one blockchain, multiple chains will survive in the future.

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2022-10-02 12:41:02 Despite the Crypto Market Downturn, DAO Treasuries Grew by $700 Million Since January

Since January 2022, the entire crypto economy has shed $1.36 trillion in value, as the market capitalization dropped from $2.34 trillion to today’s $979 billion. While the crypto economy is down in value, trade volumes are lower, and the value locked in decentralized finance (defi) has shed billions, treasuries held by decentralized autonomous organizations (DAOs) have increased.

On June 10, 2022, the total amount of funds held by decentralized autonomous organization (DAO) treasuries reached the $10 billion range for the first time in history. While the crypto industry is dealing with lower prices and bearish sentiment, the value held by DAO treasuries has managed to weather the storm. Presently, across 4,830 organizations, DAOs hold $9.8 billion, which is only $200 million less than the aggregate value held by DAOs 112 days ago.

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2022-10-01 12:54:02 SEC Targets The Hydrogen, Related Entities Over Crypto Securities Market Manipulation

The US Securities and Exchange Commission (SEC) has filed charges against The Hydrogen and its market maker, Moonwalkersfor, for allegedly engaging in unregistered securities and artificially inflating token’s priceoken. The SEC accused the two firms and thtwo execs of breaking the securities laws’ registration, anti-fraud, and market manipulation provisions.

According to the official press release, The Hydrogen Technology Corp., its former chief executive officer, Michael Ross Kane, and Tyler Ostern, the CEO of Moonwalkers Trading Ltd., are being targeted for violations with regards to selling tokens the SEC identified as securities into a market artificially inflated using bots. The expectation of profit as secondary market purchasers anticipated a price surge as a result of Hydrogen.

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2022-09-30 11:17:02 Lightning Labs release new update to allow assets to be sent over Bitcoin’s network

Lightning Labs has released the initial code for the Taro protocol that will allow developers to mint, send, and receive assets on the Bitcoin blockchain. According to Lightning Labs, Taro would enable users to “have USD-denominated balances and BTC-denominated balances (or other assets) in the same wallet, trivially sending value across the Lightning Network just as they do today.”

The developers described the development as the first step toward “bitcoinizing the dollar.” The new code release would allow the community to test the code and give valuable feedback that would be used for further improvements before its launch. When completed, the Taro protocol will allow users to issue and mint assets such as stablecoins on Bitcoin and transfer them via Lightning Network. Meanwhile, the developers did not reveal when the final product would be launched.

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2022-09-29 16:26:02 1 MORE DAY TO @AffynOfficial BIG UNVEILS!!! This is one of the most severely undervalued projects that I believe will become the Number 1 blockchain Metaverse in the entire industry.

Register for the ALPHA event!:
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2022-09-29 10:55:04 Binance launches new program to help law enforcement fight cyber crime

Binance on Sept. 27 unveiled its new Global Law Enforcement Training Program, which will help law enforcement detect cyber financial crime and assist in prosecuting malicious actors. This program is the industry’s first global coordinated effort.

According to the announcement, the Binance investigations team has grown exponentially over the year and is ready to share its expertise. The announcement also mentioned a standard one-day training program that includes in-person workshops explaining the fundamentals of crypto and blockchain with particular emphasis on the regulatory environment they operate in. Individuals from the Binance investigations team with global hands-on practice in the topic will lead the program.

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2022-09-28 05:33:02 Stablecoin Flows to Crypto Exchanges Bode Well for Market Recovery: Bank of America

Stablecoin exchange inflows are up, which could mean the crypto market is headed for an eventual recovery, say researchers for Bank of America. In a Friday report, analysts Alkesh Shah and Andrew Moss said that despite digital assets behaving like “risk assets,” stablecoins.

Stablecoins are cryptocurrencies which are backed by fiat currencies, like dollars, or other real-world assets. They are used by people to quickly enter and exit positions in other coins or tokens when trading without the need to convert to a hard currency, such as U.S. dollars. Bank of America’s report added that “three consecutive weeks of [stablecoin] inflows indicate that investors.

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