InvestmentTradingUpdates

2022-10-17 11:51:02 Over 50% of major UK banks allow customers to interact with crypto exchanges

United Kingdom continues to explore how to approach cryptocurrencies, a significant share of banks in the region are open to allowing customers to interact with digital assets. Notably, the banks are acting as a medium connecting customers with platforms like crypto exchanges. The survey incorporated feedback from 17 UK’s major banks, building societies and banking apps.

According to the research, a crypto-friendly bank has almost no restrictions on customer interactions with a cryptocurrency exchange. In particular, customers can purchase cryptocurrency using their debit card, make payments to exchanges, withdraw money from their crypto wallet, and deposit it into a current account. Notably, they harbour restrictions like blocking credit card payments and select exchanges.

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2022-10-16 07:33:03 Mango DAO Offers Hacker $47M to Settle Without Pressing Charges

Mango DAO has offered a deal to the thief who made off with $100 million in crypto from an exploit in the Mango Markets platform earlier this week—a way to avoid a criminal investigation and pay off bad debt. The Mango DAO, a decentralized autonomous organization that manages Mango Markets.

On Tuesday, a hacker was able to steal over $100 million through an exploit in the Mango Markets Solana DeFi exchange. The attacker temporarily drove up the value of their collateral and then took out loans from the Mango treasury. Since then, Mango DAO has debated on the DAO's forum on how to proceed. In a twist, the thief then apparently proposed their own solution.

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2022-10-15 05:10:02 Mango Markets community set to approve $47 million deal with hacker

The Mango Markets community is voting heavily in favor of making a deal with the hacker who stole $114 million from its DeFi protocol. It's worth noting that the hacker used $10 million to carry out the attack, so that can be deducted from the effective bounty.

Under the terms of the offered deal, the hacker will return roughly $67 million of the tokens and keep the remaining $47 million as a bug bounty. The governance vote also states that the project will use treasury funds to write off any remaining bad debt and won’t pursue criminal investigations once the portion of tokens is returned. The Mango Markets governance forum is on course to pass a vote approving a large bug bounty for the hacker who stole $114 million via the protocol.

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2022-10-09 12:21:02 $4M in Crypto Sent to Pro-Russia Militias in Ukraine: Report

Cryptocurrency worth at least $4 million has so far been sent to groups supporting Russia's military in Ukraine, according to a Wired report that cites researchers and blockchain investigators. The report also said the millions of dollars continue to be sent to paramilitary groups that are often officially sanctioned.

Chainalysis traced roughly $1.8 million in funding to the militias in just the past two months, the report said. In the five months prior, the groups received $2.2 million. Binance found that $4.2 million in crypto have been funneled to Russian military groups since February. The findings between Chainalysis and Binance didn't entirely overlap. Despite tracing the funds, stopping their flow has proven difficult.

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2022-10-08 11:49:02 Bankrupt Crypto Lender Celsius Reveals Thousands of Users' Transaction Histories in Court Filing

Troubled crypto lender Celsius has revealed the names and transaction history of hundreds of thousands of its customers in a court filing. The 14,500-page long document contained information such as customer names, crypto wallet IDs, transaction types and amounts, which services the customer had used, and the types and quantities of tokens held.

The user data leak has already received widespread condemnation on social media. Nick Hansen, CEO and co-founder of Luxor, said on Twitter that: “This Celsius leak may go down as one of the greatest breaches of customer information ever.”. Celsius has not provided any explanation as of yet as to why this level of information was revealed and if it was required by the court. The news comes after Celsius slid into Chapter 11 bankruptcy protection in July 2022.

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2022-10-07 05:27:02 Since January 2017, Whales Bought BTC at an Average Price of $15,800 (Analysis)

According to a popular analytics resource, the average cost basis for BTC whales with more than 1,000 bitcoins sits at around $15,800. Bitcoin’s price appears to be stuck in a relatively wide range between $18,000 and $24,000 for the past couple of months, and it’s unable to escape.

Meanwhile, data from the popular cryptocurrency analytics resource, Glassnode, revealed the average price that whales have been accumulating since January 2017. According to Glassnode, Bitcoin whales bought Bitcoin at an average price of about $15,800 for the period between now and January 2017. If we assess Bitcoin volumes flowing in and out of exchanges by Whale sized entities (>1K BTC), we can estiamte their cost basis (Realized Price).The average price of Whale Deposits/Withdrawals since Jan-2017.

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2022-10-06 12:56:02 Ubisoft, Take-Two Back Ethereum NFT Game Maker Horizon in $40M Round

The two firms are among those that participated in the funding round, which was led by Brevan Howard Digital and Morgan Creek Digital. Other backers include Polygon, gaming-centric VC firm Bitkraft, metaverse investor Everyrealm, payments firm Xsolla, and Initialized Capital. Horizon also attracted some notable individual investors with the round.

Skyweaver is a digital trading card game akin to Blizzard’s popular Hearthstone, albeit with the cards represented as Ethereum NFT assets that can be sold and traded—similar to rival NFT game Gods Unchained. An NFT is a blockchain tokenthat represents ownership in a unique item, including digital goods like artwork, collectibles, and video game items. Horizon’s title first launched in closed alpha testing in 2018, but only released into open beta earlier this year for anyone to play.

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2022-10-05 07:19:02 FTX lists new dollar spot index perpetual future

Crypto exchange FTX is expanding its remit into the world of foreign exchange derivatives trading, listing a perpetual future tied to a U.S. dollar spot index, the company said Monday. As Bloomberg reported, Deutsche Bank's FX Volatility Indicator has surged in recent weeks.

While crypto markets have been stuck in the doldrums, foreign exchange traders have recently enjoyed a bout of volatility. The U.S. dollar, for its role, is hovering near all-time highs, while the pound sterling has gyrated amid the chaotic rollout of U.K. Prime Minister Liz Truss's economic programme. Turbulence has also hit the Japanese yen and the euro. As for FTX's new perpetual contract, it will be based on the so-called FTX Dollar Spot Index.

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2022-10-04 11:28:02 India’s ED Freezes $1.6 Million in BTC of Accused in Gaming App Fraud

The investigation agency said the accused converted the crime money into crypto and sent it overseas. In a two-year-old gaming app fraud case, the top Indian financial crime investigating agency has frozen 85.9 bitcoins, equivalent to $1.6 million, held in an account on Binance. Separately, it also froze WRX, the native coin of WazirX, and USDT together, worth nearly $550,000.

Earlier this month, the agency raided several premises in Kolkata in this case and recovered Indian currency equivalent to $2.2 million. The accused in this estimated $8.5 million scam is 25-year-old Aamir Khan. Initially, Federal Bank, a national-level commercial bank, lodged a First Information Report (FIR) at the Park Street police station in Kolkata on February 15, 2022. The bank complained about suspected money laundering activities linked to Aamir Khan’s gaming app.

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2022-10-03 05:24:02 Binance founder Changpeng ‘CZ’ Zhao shares his vision of web3 opportunities at TC Sessions: Crypto

The leader, commonly known as “CZ,” has managed to cultivate a celebrity status in the crypto space rivaled only by some of the space’s patron saints, including the pseudonymous Satoshi Nakamoto and Ethereum founder Vitalik Buterin. Zhao is worth an estimated $65 billion. At the forefront of these changes is Binance founder and CEO Changpeng Zhao.

We’re thrilled to welcome Changpeng Zhao to TC Sessions: Crypto 2022 in Miami on November 17. CZ will join our stage virtually and we’re looking forward to discussing global market opportunities in a bear market, the regulatory challenges up ahead and where opportunities are (and aren’t) in web3. Binance has been extremely busy in 2022, even amid a crash in cryptocurrency prices and macroeconomic uncertainty.

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