Crypto News Source

2023-08-23 21:43:02 The FTX Bankruptcy Hearing Will Be Held This Wednesday, FTT Surges Over 5%

FTX Trading has presented an agenda for the upcoming bankruptcy hearing scheduled for August 23, 13:00 Eastern Time, before Judge John T. Dorsey of the Delaware Bankruptcy Court. The submitted agenda comprises 15 items, with nine already resolved through a court order issued on August 18, rendering them non-essential for the forthcoming hearing. This leaves six key matters yet to be addressed, including a proposal for a settlement procedure and the most recent case status.

The cryptocurrency exchange’s filing includes essential updates regarding its ongoing bankruptcy case, including a request to institute a litigation claims process to address the aftermath of the exchange’s collapse. The hearing will delve into various aspects of FTX’s Chapter 11 bankruptcy case, which was initiated on November 11, 2022, following the significant downfall of the exchange. Allegations of fraud and improper utilization of customer funds have been leveled against the exchange, its affiliated entities, and its founder, Sam Bankman-Fried. The agenda includes updates concerning the bankruptcy case, a motion to formalize protocols for resolving litigation claims linked to its demise.

Source

https://t.me/CryptoNewsSource Open / Comment

2023-08-23 15:12:28 ​​​​We have the best crypto news feed on Telegram

Bitcoin Updates
Trading Signals
Crypto News
upcoming ICOs

Join Now:
https://t.me/CryptoNewsSource

Admin: @Crypto_Marcus Open / Comment

2023-08-22 09:04:24 Band Protocol And Arbitrum Now Join Forces To Empower Decentralized Applications

Band Protocol’s price feed oracle goes live on Arbitrum, unlocking real-world data for decentralized apps on Arbitrum. Exciting future plans for expanding data use cases. Band Protocol has announced that its price feed oracle has gone live on Arbitrum. This integration marks a significant milestone in the blockchain world as it unlocks the potential of real-world data for decentralized applications running on Arbitrum. By combining the strengths of Band Protocol’s secure and decentralized oracle with Arbitrum’s Layer 2 scaling solution

Band Protocol’s high-quality and diverse data set, extensive data beyond price feeds, such as staked assets, forex, commodity, security data, and other custom price feeds, can also be seamlessly incorporated into dApps on Arbitrum, expanding the scope of decentralized applications. Moreover, the cross-chain data oracle platform’s interoperability brings cross-chain communication to the Arbitrum ecosystem, enabling dApps on Arbitrum to interact with the Band oracle solution on various compatible chains across different ecosystems. This fosters a more interconnected and collaborative network of blockchain ecosystems, paving the way for future milestones. As the integration between Band Protocol and Arbitrum deepens, exciting plans for the future include expanding.

Source

https://t.me/CryptoNewsSource Open / Comment

2023-08-21 13:04:43 Canaan Cuts Bitcoin Mining Power by 2 EH/s Amid US, Kazakhstan Challenges

Canaan, a leading high-performance computing firm and mining rig producer, recently disclosed hurdles set to dent its bitcoin mining activities and revenue from Q3 2023 onward. These setbacks primarily stem from diminished operational hours of their mining devices. This revelation comes hot on the heels of Canaan’s teaser about their “groundbreaking” mining innovation slated for a September debut.

While grappling with licensing in Kazakhstan, another issue unfolds across the Atlantic. Stateside, Canaan finds itself entangled in a contractual disagreement with a hosting ally accused of violating a joint mining pact. Canaan’s allegations are hefty. They’re seeking redress for the associate’s purported mishandling of 13,000 of Canaan’s Avalon mining rigs, demanding reimbursement of a $1.25 million deposit, and claimed bitcoin profits, among other compensations. Yet, amicable resolutions appear bleak. Mediation hit a dead-end, pushing Canaan toward arbitration. All this buzz trails Canaan’s earlier announcement about a forthcoming product to mark a decade in the industry. The specifics remain shrouded in mystery. But adding intrigue, rival Bitmain spilled the beans on their new Antminer machine’s launch, set for the same month.

Source

https://t.me/CryptoNewsSource Open / Comment

2023-08-20 12:40:09 OpenSea Stops BNB Smart Chain Support, Focuses Resources On Layer 2’s Future

In a recent announcement, OpenSea tweeted that starting today, users will no longer be able to list BSC NFTs or provide new citations, but they will still be able to view, search, and transfer BSC NFTs. The team said that as the market continues to grow, resources should be focused on the most promising projects. They believe that the cost of continuing to support the BNB Smart Chain (BSC) is greater than the reward, so they have decided to end support for BSC.

The future of growth of the NFT market is now defined by the platform as a multi-chain future, and the new layers 2 that Opensea integrates are Base and Zora. “But as our space evolves, we need to align resources with the most promising efforts. We’ve decided the cost to continue supporting BSC outweighs the impact.” Last November, the market-leading NFT Platform announced the integration of the BNB chain to enhance the NFT experience for creators and users. However, NFT currently needs to be more attractive in the crypto market. According to NFT data aggregator CryptoSlam, sales volume fell about 40% in July. Daily sales were around $22 million at the beginning of the month, but by the end, they had dropped to about $13 million.

Source

https://t.me/CryptoNewsSource Open / Comment

2023-08-19 15:52:29 Binance CEO CZ Prohibits Futures Trading Amongst Himself And His Employees

Binance CEO CZ bans employees from futures trading and strict internal monitoring and violators face termination. Today, Binance recorded the Largest liquidation order at $55.9M. Binance CEO Changpeng Zhao (CZ) recently tweeted that Binance employees, including himself, are not allowed to trade futures. In addition, Binance requires all employees to hold positions for at least 90 days before trading. The internal security team monitors employee trading activities on multiple platforms, and any violation of these rules will result in immediate termination.

CoinCu reported that during a sharp market drop today, an investor in Binance’s ETH/BUSD contract was liquidated at $1,434.37 for $55.9211 million, the largest liquidation order of the day. According to Wu Blockchain, this could be a market maker who hedges on other exchanges. Binance recorded the total of liquidations today with almost $220 million, of which long positions liquidated $188 million. These numbers show Binance’s futures trading scale and the potential risks involved. Recently, Binance announced the issuance and conversion of its users’ delisted New Bitshares (NBS) tokens. The transition is set to take place promptly at 08:00 on September 9th, with a snapshot taken to determine the NBS token balances based on users’ Binance Wallet location records.

Source

https://t.me/CryptoNewsSource Open / Comment

2023-08-18 15:32:50 Sei Foundation’s Expands Airdrop Wallets From 500K To 1.5M

In response to overwhelming demand, the Sei Foundation has made a significant announcement, expanding the eligibility criteria for their cross-bridge airdrop program. Originally set at 500,000 eligible wallets, this number has now been increased to 1.5 million across multiple prominent blockchains, including Ethereum, Solana, Polygon, Arbitrum, BNB Chain, Osmosis, and Optimism. The Sei Foundation is generating excitement with the launch of a unique cross-chain airdrop exclusively available to active users within the ecosystems of these major blockchains.

Enthusiastic users keen on participating in the airdrop can engage by establishing a Sei Wallet, seamlessly linking it to their pre-existing off-chain wallet, and effortlessly bridging their tokens. The anticipated airdrop will be accessible upon the official public mainnet launch on the Sei platform. For comprehensive instructions and updates, users are directed to refer to the Sei Foundation’s official blog. The excitement around Sei continues to grow with the recent launch of its Mainnet beta phase. This launch also introduced the new SEI token, which has swiftly garnered attention. Prominent exchanges such as Binance, Bybit, Huobi, and Kraken promptly listed the token on August 15th.

Source

https://t.me/CryptoNewsSource Open / Comment

2023-08-17 19:44:18 Binance Now Delisting Many BUSD Trading Pairs From Aug 18

In an official statement, Binance, the leading cryptocurrency exchange, revealed its decision to delist certain spot trading pairs as of August 18, 2023, at 03:00 (UTC). The trading pairs to be removed include CKB/BUSD, FARM/BUSD, ORN/BUSD, REN/BUSD, SKL/BUSD, UFT/BUSD, ZEN/BUSD, and ZRX/BUSD. It’s important to note that users can continue trading these tokens in alternate pairs accessible on the Binance platform.

Additionally, Binance has scheduled the discontinuation of its trading bot service for the specified spot trading pairs at 3:00 UTC on August 18, 2023. Users are strongly advised to modify or cancel their trading bots prior to the designated termination time to avert potential losses. The mentioned token pairs are reportedly facing liquidity challenges, contributing to the decision to remove them from Binance’s trading offerings. Launched via an ICO in early 2018 and built on Ethereum’s ERC-20 standard, REN serves a significant role in the Ren ecosystem. The Ren Protocol faced setbacks due to the downfall of FTX, resulting in substantial losses.

Source

https://t.me/CryptoNewsSource Open / Comment

2023-08-16 12:45:06 FBI Sounds Alarm On Deceptive Cryptocurrency Apps Posing As Investment Platforms

The U.S. Federal Bureau of Investigation (FBI) has issued a warning regarding a surge in fraudulent beta-testing applications that are posing as legitimate cryptocurrency investment platforms. The FBI’s alert highlighted how cybercriminals are embedding malicious code within beta-testing applications, which are online services used to test mobile apps before their official release. These apps often escape the scrutiny of mobile operating systems’ review processes, making them an attractive target for scammers.

These fraudulent apps are capable of extracting personally identifiable information (PII), gaining access to financial accounts, and even taking over devices. These apps adopt names, images, and descriptions resembling popular and reputable apps to dupe victims. The criminals employ tactics like phishing or romance scams to initiate contact with potential victims, directing them to download these malicious beta-testing apps under the guise of promising incentives, such as substantial financial gains. Particularly concerning is the fact that cybercriminals are reaching out to victims through dating and networking apps, coercing them into downloading harmful beta-testing apps that pose as cryptocurrency exchange platforms.

Source

https://t.me/CryptoNewsSource Open / Comment

2023-08-13 17:31:11 Circle Will Announce Roadmap And Launch Smart Contract Development Platform This Fall

The Circle CEO said the company will develop a seamless and cross-chain Stablecoin Payments Roadmap, launching a smart contract development platform this fall. Circle CEO Jeremy Allaire has announced that the company will develop a roadmap for seamless stablecoin payments and cross-chain integration this fall. Additionally, Circle plans to launch a smart contract development platform to make it easier for Web2 developers to access and use the technology.

According to Jeremy Allaire, building Web3 applications is complex, and creating an end-user experience for Web2 users is a challenge, especially on different chains. Building and deploying smart contracts and safely operating them on chains is difficult and not something most companies are willing to do. At the same time, the company knows that we are in the super early stages of development for wallets and stablecoins. There are 3 billion digital wallets available across a wide range of major Web2 products and services, so it is estimated that there will be 80 million Web3 wallets. With the Programmable Wallet, developers comfortable with Web2 development can quickly and easily include a multi-chain Web3 wallet experience in their apps (iOS and Android, Web SDK coming soon) ).

Source

https://t.me/CryptoNewsSource Open / Comment