Crypto | Bitcoin | Blockchain

2023-01-12 07:58:02 Ethereum Layer 2 Network Mantle Testnet Is Now Live

Layer 2 Ethereum solution Mantle declared that its testnet launch had been successful. Developers can now register and submit an application to gain access to the testnet. Nodes created specifically to handle off-chain transactions are used in this kind of computing.

BitDAO created the optimistic rollup known as Mantle. It employs a modular structure, where the essential operations of a blockchain are carried out on specialized levels, with the goal of lowering costs and improving overall performance. With 37,000 developers already signed up for the launch, BitDAO has opened the testnet. The public can access the testnet, and developers are encouraged to sign up to test their applications on the network.

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2023-01-11 07:34:02 Cardano Received $1.5 Billion In One Day; The Value Of ADA To Skyrocket

More than $1.5 billion has been invested in Cardano in the last 24 hours, bringing the ADA cap to a daily high of $11.74 billion. Significant purchasing pressure has caused the value of ADA to surge, with the coin currently trading at $0.32, a gain of more than 14% in 24 hours.

Over the last 24 hours, more than $1.5 billion has come into Cardano, boosting the ADA cap to a daily high of $11.74 billion. Significant purchasing pressure has led the value of ADA to skyrocket, with the coin trading at $0.32 at press time, a gain of more than 14% in 24 hours. The asset’s price has risen by more than 28% in the last week. the number of Plutus smart contracts as of January 8 is 4,803, a rise of 780 smart contracts in December alone.

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2023-01-10 08:17:02 Man Pleads Guilty to Stealing Bitcoin 'Seized' by US Government

An Ohio man has pleaded guilty to stealing over 712 bitcoin that was “seized” by the U.S. government in another criminal case. He has agreed to forfeit some bitcoin, ether, and dogecoin as part of his plea. “Due to the increase in market prices, the total value of these forfeitable properties exceeds $12 million,.

The stolen bitcoin was stored in a Trezor hardware wallet that was seized by the federal government in connection with Larry Harmon, who was arrested in February 2020. The device was stored in an Internal Revenue Service (IRS) evidence locker. The federal authorities had not taken control of the coins due to the device’s complex security, the DOJ explained. Larry Harmon pleaded guilty in August 2021 to money laundering conspiracy in connection.

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2023-01-09 06:52:02 Chinese criminal steals $4.1M in crypto from victim’s car

An attacker used a crypto investor’s facial ID to unlock his wallet by force and transferred $4.1 million to his own address in China on Jan.1, as reported by local news outlets.Then, the attacker forcibly used the investor’s facial recognition to unlock his phone and crypto wallet.

The attacker located the investor in an on-site gathering hosted for crypto investors. After the event, the attacker followed the investor to the car park and restrained him in his car. Then, the attacker forcibly used the investor’s facial recognition to unlock his phone and crypto wallet. Once the transfer was completed, the attacker left the crime scene. The investor immediately applied to the legal authorities.

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2023-01-08 07:08:02 Gemini-DCG Fiasco May Shape to Be ‘Market Bottom Event’ in 2023: Report

According to the latest edition of Arcane Research, the entire market appears to be stabilizing even though there’s still some uncertainty left. Bitcoin’s current price action was defined as stale as its volatility slumbered toward rare lows.

The current numbers were only visited once since February 2019 – during the stagnant markets of July 2020. Meanwhile, the 30-day volatility also follows a similar trend as it currently hovered near 1.4% and coincided with levels that were briefly touched before the FTX collapse in early November. In fact, the figure has only been lower on seven occasions since February 2019.The futures market, on the other hand, was observed to be reigning in a flat regime.

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2023-01-07 05:53:02 Genesis Is Considering Filing For Chapter 11 Bankruptcy Protection

DCG’s subsidiary, which suffered heavily after the collapse of FTX, is Genesis Global Trading, with a stranded amount of up to $175 million. Genesis is considering filing for bankruptcy after cutting another 30% of its staff yesterday.After a long time of “buying time,” the company could not settle Gemini’s 900 million debt.

Genesis hired investment bank Moelis & Company to review Chapter 11 bankruptcy filings, according to a report from the Wall Street Journal. A Genesis spokesperson told the Journal that the move is designed to “preserve customer assets and drive the business forward.”. The magazine reported that Alameda received millions of dollars from Genesis before it collapsed. After Alameda went bankrupt, Genesis froze its client funds in November.

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2023-01-06 07:11:02 Binance Remains Quiet On Gopax Acquisition Rumors

The largest crypto exchange in the world, Binance, declined to comment on local media claims that it is in advanced negotiations to buy the South Korean digital asset exchange Gopax. Regarding this acquisition, Binance refused to give an official answer.

According to a local news outlet, Decenter, which cited an unknown industry official, Binance is attempting to negotiate with Lee Jun-haeng, Gopax’s founder and main shareholder, and intends to keep Lee in his current position as CEO. One of the five South Korean cryptocurrency trading platforms (Upbit, Bitsum, Coinone, Corbit, and Gopax) authorized to offer consumers fiat-to-crypto services is Gopax.

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2023-01-05 06:51:02 Bahamas SCB Said New FTX CEO’s Latest Statements On Its Actions Were “Unfounded”

The Securities Commission of The Bahamas (SCB) had to clarify major misstatements made by John J. Ray III, who took over as CEO of FTX when founder Sam Bankman-Fried resigned in November, in press releases and court papers, according to a statement made public on January 3.

According to the statement, during a court filing before the US House of Financial Services Committee, FTX CEO John J. Ray III made public statements asserting that the Commission had authorized FTX to mint a considerable amount of fresh tokens under “oath.”.The Chapter 11 Debtors had “publicly challenged” the Commission’s estimations of the value of digital assets moved to digital wallets under its management in November 2022, the statement said.

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2023-01-04 06:52:02 PO Street Capital Empire Operator Trades $2 Billion In Crypto Working At Home

Darren Nguyen has had some success with his business, PO Street Capital, but has remained tight-lipped and hasn’t said anything about it until a January 2 article in The Australian highlighted it through public records.

According to documents provided by the Australian Securities and Investments Commission (ASIC), Nguyen’s cryptocurrency business, which is registered at his parents’ Guildford, Sydney, residence, generated an after-tax profit of A$10.41 million for the fiscal year ended June 30, 2021. The statistics reveal his net profit climbed by 1,404.12% in 2021 compared to the prior year, according to PO Street Capital auditors’ report.

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2023-01-03 05:50:03 Lido Now Hit A High Record Of TVL Overtaking MakerDAO

Procedure for liquid staking given that Lido Finance’s total value locked (TVL) is now ranked first among other decentralized finance (DeFi) protocols, it appears that Lido Finance profited the most from the September Ethereum Merge.

In comparison to MakerDAO’s $5.89 billion and AAVE’s $3.7 billion in TVL, Lido‘s liquid staking protocol currently commands $5.9 billion in TVL, according to statistics from DeFiLlama. The website of Lido Finance states that as of January 2, $5.8 billion worth of ether was staked. Around $23.2 million was bet on Solana, $43.9 million on Polygon, $11 million on Polkadot, and $2.2 million on Kusama at the same time.

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