In recent days, the SBF trial has sent shockwaves through the crypto industry as testimonies revealed startling revelations about Alameda Research and its CEO, Caroline Ellison. The trial has exposed a web of fraudulent activities, financial distress, and dubious transactions that have left both investors and industry experts questioning the integrity of the company. This
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With tens of thousands of altcoins in circulation, it can be overwhelming for crypto investors to identify the next potential gem that could deliver significant returns. The sheer volume of options makes it easy for investors to miss out on promising altcoins that are not on their radar. Recognizing this challenge, a Santiment analyst has
Circle, the stablecoin issuer, has recently announced its plans to mint USD Coin (USDC) directly on the Polygon network, a popular Ethereum layer-2 scaling solution. This move brings numerous benefits for users and developers, eliminating costs and delays associated with third-party bridging. In this article, we will explore the significance of this integration and its
In recent times, Tether (USDT) has witnessed a notable influx into exchanges, and this trend carries potential positive implications for Bitcoin. Data from the on-chain analytics firm Santiment reveals that the supply of USDT on exchanges has reached a value of $9.99 billion. This metric, known as “supply on exchanges,” measures the total amount of
The Financial Conduct Authority (FCA) in the United Kingdom has placed restrictions on Rebuildingsociety.com, Binance’s local partner, regarding the approval of financial promotion content from unauthorized individuals. The FCA has instructed Rebuildingsociety.com to revoke any prior approvals granted to unlicensed entities and to notify its clients that it cannot endorse content from unauthorized individuals or
Polygon (MATIC) has experienced a -6% drop in price recently, reflecting a broader market de-risking triggered by the conflict between Israel and Hamas. This decline has raised concerns among investors, leading to speculations about whether Polygon is heading towards zero. In this article, we will analyze MATIC’s recent performance and evaluate its potential for recovery
The past week has been tumultuous for Ether (ETH), the native token of the Ethereum network. It experienced an 8.2% decline, leaving investors wondering about the factors contributing to this price drop. This article delves into the reasons behind Ether’s recent struggles, highlighting the challenges posed by its unpredictable monetary policy, token sales by influential
Elon Musk finds himself in a challenging scenario as he attempts to contest the U.S. Securities and Exchange Commission (SEC) in a legal battle. On October 5th, the SEC announced its intention to force Musk to comply with a subpoena and provide testimony regarding his acquisition of Twitter, now known as X. Despite receiving the
The South Korean cryptocurrency exchange, UPbit, has recently revealed a concerning trend in cyberattacks. According to data shared by the exchange’s operator, Dunamu, UPbit has experienced a staggering 159,061 hacking attempts in the first half of this year alone. This figure marks an alarming increase from the 8,356 attacks reported in the latter half of
ApeCoin (APE) has experienced a significant decline in the past week, with the cryptocurrency plummeting nearly 20%. This sharp selloff has caused APE to hover precariously below its immediate support zone. The spike in trading volumes has left APE vulnerable to further declines as traders speculate on the outcome of the battle between bears and
