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2022-12-11 12:15:09 The Ren protocol warned users about the possible loss of assets

Wrapped Bitcoin issuer renBTC Ren Protocol has announced that it will remove Ren 1.0. due to a lack of funding previously coming from crypto lender Alameda Research.

The Ren team said that after version 1.0 is closed, a new community-driven version 2.0 will be launched. However, the two versions may not be compatible. Therefore, users should burn the tokens circulating on Ethereum and return them to the original blockchain as soon as possible to protect themselves from potential risk:

“Because compatibility between Ren 1.0 and 2.0 cannot be guaranteed, Ren asset holders should revert to native tokens as soon as possible or risk losing them.”

Ren allows bitcoin holders to lock up their holdings and create a wrapped version that can be used on Ethereum. Open / Comment

2022-12-11 12:09:20 Good morning! Get out of bed, the fresh rate of the crypt is already here! Open / Comment

2022-12-10 21:51:35 Kevin O'Leary: 'I got $15 million from FTX, but they completely burned out'

Speaking on CNBC's Squawk Box, Kevin O'Leary revealed that the total deal was worth just under $15 million. The investor invested about $9.7 million in the cryptocurrency. He also owns over $1 million worth of FTX stock, which is now worthless due to FTX's bankruptcy filing. Another $4 million was "eaten up" by taxes and agency fees. O'Leary is lamenting that he lost that $15 million that just vanished.

When the host asked the investor why he failed to properly assess the risks involved in investing in and promoting FTX, O'Leary replied that he was a victim of groupthink. O'Leary has promoted FTX extensively on Twitter and online, demonstrating a close partnership with FTX founder Sam Bankman-Fried, who has been under several investigations.

“I lost this money, now this amount is at zero. It was a bad investment,” admitted O'Leary. Open / Comment

2022-12-10 21:49:04 Open / Comment

2022-12-10 14:57:49 Sam Bankman-Fried faces seven class action lawsuits

Since November 11, seven collective complaints have been filed with various legal departments. Former FTX clients blame Sam Bankman-Fried, FTX executives and celebrities such as Tom Brady, Kevin O'Leary, Stephen Curry, Trevor Lawrence ( Trevor Lawrence) and Shaquille O'Neal (Shaquille O'Neal) in fraud and unfair advertising.

The class action lawsuit is in addition to numerous lawsuits and investigations initiated against FTX and Sam Bankman-Freed. Earlier, Terraform Labs co-founder Do Kwon called on the troubled FTX and Genesis companies to tell the public the truth and reveal their role in the death of the Terra ecosystem.

As reported by the New York Times, New York prosecutors are looking into the possibility of manipulation of the Luna and TerraUSD cryptocurrencies by FTX founder Sam Bankman-Freed. Open / Comment

2022-12-10 12:37:28 PlanB: “Bitcoin prepares for a 5800% rally”

A popular cryptocurrency analyst under the pseudonym PlanB, the author of the “stock-to-flow” model, again emphasized his confidence in the massive growth of Bitcoin in 2023 or at least 2024.

The "stock-to-flow" model is built on the ratio of the amount of an available asset and its price. Considering that Bitcoin periodically undergoes halvings, the model speaks of a large-scale growth of the first cryptocurrency. The analyst emphasized that he was confident in this model. It can only fail if “Bitcoin just dies.”

“If we assume that the 2019 model is correct, then given the price of bitcoin after the halving around $55,000, we will see an increase at the next halving. I take a very wide range, although many do not like it, but bitcoin will cost from $100,000 to $1 million. I am sure of this, so the current prices for BTC are just very profitable,” PlanB said during an interview with analyst Scott Melker (Scott Melker ). Open / Comment

2022-12-10 12:34:04 Do Kwon blamed FTX and Genesis for the downfall of the Terra project

The co-founder of Terraform Labs called on the troubled FTX and Genesis to tell the public the truth and reveal the role in the death of the Terra LUNA ecosystem.

Do Kwon took to Twitter to FTX CEO Sam Bankman-Fried and urged him to confirm or deny his company's involvement in the collapse of TerraUSD (UST).

“At this point, it is public knowledge that the asset price drop that happened to UST in February 2021 was initiated by Alameda when they sold 500 million UST in minutes to drain Curve’s liquidity pools amid the Magic Internet Money crisis,” Do said. Kwon.

Do Kwon alleges that Genesis Trading purchased billions of UST from the Luna Foundation Guard and transferred it to FTX and Alameda before depegging UST to the dollar, and Bankman-Fried used the funds to manipulate prices for the benefit of his companies, FTX and Alameda Research. Do Kwon is confident that Alameda has bet big on Terra's (LUNA) price drop. Open / Comment

2022-12-10 10:51:45 A Collector Mistakenly Lost 70 Ether on the NFT Marketplace Blur

Due to an error in the new trading system, a user of the marketplace of non-fungible Blur tokens overestimated the price of the Art Gobbler collection token and lost 70 ethers.

The collector under the name Keungz admitted on Twitter that he was mainly to blame, but he also sees the fault of the platform:

“When a user wants to enter 0.1 ETH, if he enters a dot without a zero, it becomes 1 ETH.”

According to the victim, as a result of an error, he bought the Art Gobbler 8273 collection token for 70 ETH, the minimum price of which was 3.77 ETH. In response, the Blur site team stated that it reimburses lost assets only for errors due to the fault of the platform, and they are not responsible for users' mistakes. Then the team changed its mind and announced that it would refund the user 50% of the lost amount. Open / Comment

2022-12-10 10:42:55 Fresh crypto rate on your screens! Open / Comment

2022-12-09 20:52:30 Coinbase will allow you to convert USDT to USDC with zero commission

Coinbase has announced that it will begin encouraging users to convert their Tether (USDT) stablecoin to USD Coin (USDC). The company said that the events of recent weeks have put some stablecoins to the test, and users have begun to look for a replacement for their usual coins - USDC, Coinbase assures, is a reliable alternative.

The crypto exchange announced that USDC is a unique cryptocurrency as it is 100% backed by cash and short-term US Treasury bills held in government regulated financial institutions. The company is convinced that the stablecoin can always be exchanged for dollars in a ratio of 1:1:

“Our clients demand transparency. USDC is certified monthly by one of the largest auditing companies in America, Grant Thornton. Coin holders earn up to 1.5% per annum using their assets in USDC.” Open / Comment