2023-11-29
Business Global News

Huobi and Gate.io under fire for allegedly sharing snapshots using loaned funds

A wallet address linked to the Huobi exchange was found transferring 10,000 ETH to Binance and OKX deposit wallets soon after releasing its asset snapshot. To counter the rising mistrust among crypto investors following the FTX collapse, crypto exchanges unanimously decided to share proof of reserve with the public as a way to showcase legitimacy. […]

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Business Global News

Vitalik Buterin calls out FTX for virtue signaling: ‘Deserves what it’s getting’

While acknowledging the damage caused by FTX, Buterin believes that FTX CEO Sam Bankman-Fried, as a person, deserves love. The sudden fall of FTX revealed the need for fresh reforms aimed at protecting investor funds against manipulation and misdirections. The co-founder of Ethereum, Vitalik Buterin, believes what FTX did was a bigger fraud when compared to […]

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Blockchain Global News

What is a Helium miner and how does it work?

A wireless device called a hotspot, or helium miner, uses radio technologies for HNT minting and rewards HNT tokens for providing coverage. Mining helps verify the legitimacy of transactions conducted via a blockchain network such as the Bitcoin blockchain. Miners can start mining cryptocurrencies using hardware like a central processing unit (CPU) or application-specific integrated circuits […]

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Altcoin Global News

Total crypto market cap drops to $850B as data suggests further downside

The crypto market managed an 11% bounce from the Nov. 9 low, but a handful of metrics show a severe lack of investor confidence. The total cryptocurrency market capitalization dropped by 24% between Nov. 8 and Nov. 10, reaching a $770 billion low. However, after the initial panic was subdued and forced future contracts liquidations […]

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Altcoin Global News

3 key crypto price events to watch in the wake of the FTX and Alameda debacle

FTX and Alameda’s Ponzi-like trading scheme has dealt a heavy blow to the entire crypto industry. Here are three developments to keep a close eye on. Up until the start of this week, Bitcoin BTC $16,540 had been demonstrating record-low volatility, and this gave altcoins enough latitude to paint some nice technical setups.  At the same time, […]

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Ethereum Global News

Bitcoin slips under $17K, crypto stocks tumble in reaction to FTX bankruptcy

Bitcoin, altcoins and crypto-linked stocks correct sharply after FTX officially files for bankruptcy, with BTC price slipping below its June lows again. Bitcoin  BTC $16,540, Ether  ETH $1,227 and cryptocurrency-linked stocks like MicroStrategy are seeing a sharp downturn after news broke that FTX announced filing for Chapter 11 bankruptcy and Sam Bankman-Fried stepped down as CEO.  Crypto-linked stocks […]

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Ethereum Global News

Crypto.com accidentally sends 320k ETH to Gate.io, recovers funds days after

Crypto.com CEO confirmed the return of the funds and reassured the investors that new processes and features were implemented to prevent a reoccurrence. The fall of FTX highlighted the importance of proof of reserves in averting risks and improving investor confidence, urging leading crypto exchanges to publicly list down their cold and hot wallet addresses. When trying […]

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Bitcoin Global News

Bitcoin will shrug off FTX ‘black swan’ just like Mt. Gox — analysis

There might not be much new to worry about when it comes to the FTX aftermath and Bitcoin resilience. Bitcoin  BTC $16,540 will recover from the FTX black swan event just like other setbacks, trading team Stockmoney Lizards believes. In a tweet on Nov. 12, the popular commentator argued that the week’s events were actually nothing new for Bitcoin. FTX […]

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Bitcoin Global News

$3 billion in Bitcoin left exchanges this week amid FTX contagion fears

It appears that more investors are choosing to self-custody their BTC funds in the wake of the FTX scandal and fallout. Bitcoin  BTC $16,540 investors are withdrawing funds from exchanges at a rate not seen since April 2021 with nearly $3 billion in Bitcoin withdrawn over the past seven days. New data from on-chain analytics firm Glassnode shows […]

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Bitcoin Global News

What is a 51% attack and how to detect it?

Despite the inordinate amount of resources needed to engineer them, small-cap cryptocurrencies are still susceptible to a 51% attacks. Despite being underpinned by blockchain technology that promises security, immutability, and complete transparency, many cryptocurrencies like Bitcoin SV  BSV $38.61, Litecoin  LTC $57.09 and Ethereum Classic ETC $19.94 have been subject to 51% attacks several times in the past. While there […]

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