Crypto Bubble

2024-05-04 19:46:31 Former Cred Executives Charged with Wire Fraud and Money Laundering

Former executives of Cred have been charged with wire fraud and money laundering, accused of engaging in deceptive practices before the company's bankruptcy in 2020. Daniel Schatt and Joseph Podulka face multiple charges, while James Alexander faces four counts. The case highlights the importance of protecting investors and markets from fraudulent schemes. Open / Comment

2024-05-03 22:54:00 Crypto user loses $69.3m to address poisoning scammer

According to blockchain security provider CertiK, a crypto user lost over $69.3 million in wrapped Bitcoin (WBTC) to an address-poisoning attack on May 3. At first, the attacker mirrored a 0.05 Ethereum (ETH) transfer before stealing the WBTC in the next transaction. Open / Comment

2024-05-02 10:34:24 VanEck Estimates $175 Billion in Bitcoin Held by ETFs, Nations, and Companies

According to a report from investment firm VanEck, approximately $175 billion worth of bitcoin is currently held by several ETFs, various nations, and public and private companies. Open / Comment

2024-05-01 13:19:44 Chinese Authorities Apprehend StarkNet Airdrop Identity Forger: Report

Chinese authorities have arrested a person for identity forgery related to the StarkNet (STRK) airdrop. The suspect used false identities to claim over 40,000 STRK tokens, converting them to over $91,000 worth of Tether USDT. The suspect, Lan Mou, was apprehended in Guangdong Province on April 25. Open / Comment

2024-04-30 21:39:16 Coinbase integrates Bitcoin Lightning Network

Coinbase has announced the integration of the Bitcoin Lightning Network, enabling faster and cheaper Bitcoin transactions.

According to Coinbase’s blog, as of Tuesday, users can access this feature on mobile and desktop platforms and send Bitcoin via the traditional Bitcoin network or the Lightning Network.

The Lightning Network, a layer 2 protocol established in 2018, facilitates transactions off the main Bitcoin blockchain, enhancing speed and reducing costs. Coinbase’s adoption of this technology was supported by Los Angeles-based Lightspark, which was founded in 2022 and specializes in enterprise-grade Lightning Network services.

“Customers will be interacting with Lightning out of our retail exchange, and that is custodial, in the same way that you custody Bitcoin and other assets with Coinbase,” said Viktor Bunin, a protocol specialist and Lightning integration lead at Coinbase. “Customers don’t have to run a node, or manage a channel, or worry about liquidity.”

Bunin detailed the reasons for choosing Lightspark, pointing out its extensive experience implementing large-scale Lightning solutions for businesses and their adherence to stringent security standards. The integration lead also mentioned the importance of Lightspark’s non-custodial services and its ongoing dedication to developing the Lightning ecosystem. Open / Comment

2024-04-29 17:40:44 IO.NET's Husky.io Responds Swiftly to Security Breach, Safeguarding GPU Hardware !

Io.net, a decentralized physical infrastructure network, faced a cybersecurity breach due to a SQL injection attack. Husky.io, Io.net’s chief security officer, responded promptly with security upgrades. The breach did not compromise GPU hardware but caused a drop in active GPU connections. Efforts are underway to restore network connections and ensure platform integrity. Open / Comment

2024-04-28 22:54:48 Beribit in turmoil after Russian officials contemplate crypto exchange ban

Over 50 clients of Russian crypto exchange Beribit attempted to stage a protest at the company’s office in Moscow.

According to reports, the unrest started on April 26 at the Federation Tower, the site of Beribit’s office, with clients clamoring for the return of approximately 400 million rubles, funds they were unable to withdraw for several days.

The investors have voiced frustration over money being “stuck” during withdrawal processes, contrasting with smooth deposit transactions.

Efforts by Beribit staff to leave through alternative exits were obstructed by the irate investors, prompting police intervention.

A circulating video on Telegram alleges that instead of cash, disgruntled clients were handed chocolates as a form of redress. Open / Comment

2024-04-27 18:48:56 Binance Seeks Court Insight into US Government's Stance on USDC

Binance and its former CEO, Changpeng Zhao, filed a notice with the court in their case with the SEC, seeking to establish the government's position on stablecoins as a security. The move is part of the ongoing legal battle between Binance, CZ, and the SEC, with the filing referencing the government's arguments in a criminal case against a different individual involving the treatment of USD Coin as a security. Open / Comment

2024-04-26 20:58:59 Trader made $26m investing in Solana meme tokens

During the recent meme coin boom, a trader has reportedly made over $26 million in profits trading tokens on Solana.

According to Lookonchain analysts, on Nov. 11, 2023, paulo.sol noticed the increase in the price of Bonk (BONK) and invested in the asset. While engaged in swing trading, the trader earned about $6.28 million from price fluctuations.

The user then started buying and trading Dogwifhat (WIF) on Dec. 4, 2023, followed by Jeo Boden (BODEN) in March. Both times were moments when meme coins began to rise sharply.

In total, paulo.sol earned a profit of $9.51 million and $7.04 million on the two coins trading at higher prices. Currently, the trader holds positions in BODEN for $7.6 million and in WIF for $5.7 million.

On the back of these gains, the trader has continued to add new coins to their collection. The crypto trader also recently purchased 9.3 million in Popcat, valued at $4.9 million, becoming the second-largest holder of the token. Open / Comment

2023-07-03 11:32:05 ​​BabyDoge Achieves New Big Community Milestone

Twitter account of popular meme cryptocurrency BabyDoge has announced that the number of its followers has surpassed 1.45 million.

On April 29, this number was still at the 1.3 million level, while in February it stood at 1 million. Thus, over the past 5 months, the growth has been nearly half a million Twitter followers.

This is not the only milestone reached by BabyDoge recently. As reported by U.Today, earlier this week the number of the BabyDoge circulating supply was finally verified by CoinMarketCap.

Besides, the BabyDoge holder number has spiked to reach an all-time high of 1,550,000 addresses.

At press-time, the price of the meme token is holding at $0.000000001177, showing a decline by 3.46 percent in the past 24 hours. Open / Comment