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🇺🇸 U.S. officials invite SBF victims to send an email
U.S. authorities are seeking out victims of FTX founder and former CEO Sam Bankman-Fried, according to a web page published on Jan. 6. That page, created by the U.S. Attorney’s Office for the Southern District of New York, invites members of the public to contact USANYS-FTXVictims@usdoj.gov.
The invitation is open to those who may have been a victim of fraud by Bankman-Fried as well as those who may have witnessed said fraud. The page also sets out rights that victims are guaranteed under the U.S. criminal code, including protection from the accused, timely notice of public court proceedings, and the right to be heard in court, along with various other rights.New York created the web page on Friday as the result of recent court proceedings.
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📣 Clearpool To Launch New Institutional-Grade Marketplace Clearpool Prime In Q1
Decentralized lending protocol Clearpool announced the upcoming launch of its new institutional-grade marketplace, Clearpool Prime. The marketplace will allow institutions to borrow and lend digital assets on a large scale in a safe, legal environment.
Clearpool Prime, which is scheduled to go operational in Q1, will allow institutions to borrow and lend digital assets on a large scale in a safe, legal environment while also providing market players with liquidity and competitive pricing. lower counterparty risk on the money they lend out, as well as programmability, flexibility, transparency, and reduced execution, brokerage, underwriting, and sales/marketing time and costs.
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📶 Ethereum Took Up 80% Of All Blockspace Fees In 2022, Blockchain Has The Highest Fee
Gas fees on Ethereum have always been higher than other blockchains, but the following statistics still surprise users.The gas share used by L2 has tripled, but the adoption rate is still not high, it may improve with the introduction of EIP-4844.
Encryption researcher Data Always published an article stating that in 2022, Ethereum occupied 80% of all blockspace fees, BNB Chain accounted for 80% of the remaining fees, and the largest simple transmission models (Bitcoin, Dogecoin, and Litecoin ) accounted for negligible costs in comparison. when Otherdeed NFT was minted, the fees generated on Ethereum exceeded the annual fees of Bitcoin in 2022.
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🆘 Bitcoin Core Developer Lost All BTC Holdings
One of the original Bitcoin developers, Luke Dashjr, revealed today on Twitter that his PGP key had been broken into and that his bitcoins had been taken. The quantity of missing bitcoins is still unknown.
After learning of the theft, the well-known developer voiced shock and amazement and theft questions about why he couldn’t get through to anyone at the FBI or IC3. The exact quantity of lost Bitcoin is still unknown, however, according to Dashjr, a sizeable sum appears to have been sent to 1YAR6opJCfDjBNdn5bV8b5Mcu84tv92fa using the CoinJoin mixing service.
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💰 New Ripple Scam Was Warns By XRP Ledger Developer
The XRP Ledger’s developer, Wietse Wind, recently issued a warning on Twitter about a new type of Ripple-related scam including “air drops,” “events,” and “freebies.”. The XRP Ledger’s developer, Wietse Wind, warned on Twitter about a new Ripple scam.
Wietse Wind, the creator of the XRP Ledger, cautioned on Twitter of a new Ripple scam. He emphasized that the corporation is not conducting any air drops, events, or freebies. Wind displayed a screenshot of a user fraudulently bidding XRP. “As the new year approaches, we have decided to reinstate XRP AirDrop. XRP for all Ripple users,” the bogus article says. The post will alert users on Ripple Scam and be aware of any related cases.
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📣 Victims seek refund as 3Commas CEO verifies API data leak
3Commas CEO Yuriy Sorokin confirmed that a hacker leaked his firm’s API keys in a Dec. 28 Twitter thread.Sorokin said the data published by the hacker was factual. According to him, the platform has reached out to exchanges like Binance, KuCoin, and others to revoke the keys connected to 3commas.
Binance CEO Changpeng ‘CZ’ Zhao advised users to disable its access immediately as he was “reasonably sure there are widespread API key leaks from 3Commas.”. Sorokin apologized for his firm’s handling of the situation. He said they have implemented new security measures and involved law enforcement agencies in launching a full investigation. the firm’s Twitter account had again denied that its data was breached.
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🪙 Dogecoin Becomes The Most Traded Crypto By Whales Following Elon Musk’s New Post
Dogecoin, commonly known as DOGE, became the most traded token among the top 100 Binance Coin (BNB) holders, according to WhaleStats. To reach this milestone, DOGE passed Filecoin’s FIL token, which has recently gained a lot of attention from these investors.
After eccentric billionaire and new Twitter CEO Elon Musk sent Christmas greetings accompanied by images of his puppies, DOGE trading volumes increased. Although it doesn’t appear to be anything unique, one of them, a Shiba Inu, bears the Dogecoin emblem. Musk’s subsequent mention of DOGE did not significantly affect the token price, but trading volumes.
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📣 Institutions Are Not Interested in Crypto, Says JPMorgan Senior Strategist
Institutional investors feel relieved they stayed away from crypto, said Jared Gross. Despite the massive bull market in 2020 and 2021, institutions have remained on the crypto sidelines and feel relieved about it.
The most notable bull run in the cryptocurrency market started at the end of 2020 and lasted for about a year, seeing prices explode to new highs. Bitcoin, for one, went from under $10,000 to $69,000 within that timeframe, becoming a trillion-dollar asset at the time. However, JPM’s senior investment analyst – Jared Gross – believes this interest has either disappeared or has never been at the scene at all.
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📈 Bitcoin miners increased hash rate and production despite falling BTC prices in 2022
The price of Bitcoin (BTC) fell by 64.68% to $16,870 from around $47,766 at the beginning of the year, CryptoSlate data shows. At the same time, share prices of Bitcoin mining companies fell by 91% on average from their 52-week high prices, according to Compass Mining.
However, this has not deterred mining firms from increasing their Bitcoin mining capabilities throughout 2022, as per a Compass Mining report. CleanSpark, for instance, grew its BTC mining hash rate from 1.9 EH/s at the start of 2022 to 6.0 EH/s or about 62,000 miners to date — an increase of 189%, the Compass Mining report stated.Bit Digital and Riot Blockchain bumped their hash rate by 157% and 148%.
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📣 Ethical crypto hackers win $52 million in bug bounties via Immunefi in 2022
Immunefi, a crypto-focused bug bounty platform, paid over $52 million to ethical hackers for finding bugs in blockchain and cryptocurrency apps in 2022, a year that has seen the value of crypto hacks top more than $3 billion.white hat hackers for discovering and reporting security vulnerabilities.
According to Immunefi, the dollar value of web3 bug bounties easily surpass those paid by large tech giants active in the web2 space. The web3 space is unique because vulnerabilities in code can result in a direct loss of funds. As such, the incentives to exploit projects in web3 are significantly larger, primarily due to the amount of capital held in smart contracts, the Immunefi team explained. HackenProof, has paid out less than $850,000 since its launch in 2017.
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📣 BitDAO mulls $100 million token buyback for next year
BitDAO is considering a $100 million buyback of its bit token beginning from the start of next year as part of the DAO’s capital deployment strategy. The suggested buyback is part of BitDAO’s efforts to promote internal capital deployment. Launched in 2021, BitDAO is unlike other DAOs.
The plan is contained in a governance proposal filed with the DAO on Monday. This proposal calls for BitDAO to set its target daily purchase amount at $2 million in USDT for 50 days beginning from Jan. 1 next year. If approved, the DAO will have spent $100 million in USDT to repurchase its bit token at the end of the proposed 50 days. The proposal is also an extension of previous buyback schemes. BitDAO’s $1.7 billion treasury, half of which is in its native bit token.
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🟠 Binance to Help Azerbaijan With Crypto Regulations
Cryptocurrency exchange Binance has offered to support Azerbaijan in efforts to establish regulations for digital assets. The leading coin trading platform has been active in the region this year, seeking to expand market presence and increase interaction with authorities.
The world’s largest exchange for crypto assets, Binance, is ready to provide support to the Central Bank of Azerbaijan (CBA) in elaborating mechanisms for crypto regulation, the company’s Director of Governmental Relations in the Commonwealth of Independent States (CIS) Olga Goncharova told local media. noting that traders in CIS countries show interest in its products.
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📈 Bitcoin mining stock Core Scientific continues rally with a 72% gain
Despite most mining stocks falling, Core Scientific continued its rally by finishing up 72% today. Bitcoin was valued at around $17,400 at the close on Thursday, according to data from TradingView. The cryptocurrency steadily fell from its position of roughly $17,800 yesterday.
Core Scientific continued its rally by finishing up 72% today. The firm's shares gained 69% yesterday after B. Riley, one of its largest creditors, proposed a $72 million financing lifeline for the firm. Mawson Infrastructure Group ranked second in gains, rising 6.32%. CleanSpark fell the most today, down 16.67%, followed by both the U.S. and Canadian companies of Bitfarms.
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💰 SBF allegedly worked with Bahamas government to mint millions of FTX tokens
Lawyers representing FTX in the bankruptcy process alleged that the government of the Bahamas worked closely with Sam Bankman-Fried to mint millions of tokens, post-FTX collapse, according to Fortune.
FTX’s legal team claimed that the Bahamas authority worked with SBF to mint FTX tokens worth millions of dollars, which were transferred to the government on Nov. 12. The lawyers added that SBF had promised Bahamas Attorney General Ryan Pinder that he would allow local customers to withdraw their funds.
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📣 Genesis liquidation could force DCG bankruptcy – The Chopping Block reports
Haseeb Qureshi, the Managing Partner at Dragonfly Capital, discussed the potential consequences of Genesis going into liquidation on a recent episode of Unchained’s “The Chopping Block.”
According to Qureshi, the Digital Currency Group’s (DCG) $1.1 billion promissory note to Genesis could be “callable” in the event of liquidation, requiring DCG to pay the total value of the note immediately. Qureshi also discussed DCG’s buy-out of Genesis’s “bad debt” in Three Arrows Capital (3AC), reported to be around $2.1 billion.
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📣 Crypto-Focused Bank Silvergate Slashes 40% Workforce, Abandons Several Projects
CEO Alan Lane said that Silvergate currently maintains a cash position in excess of its digital asset-related deposits.Crypto-focused bank – Silvergate Capital – has become the latest to slash 40% of its workforce, which is around 200 employees, according to a Wall Street Journal report on Thursday.
The news comes as the bank experienced massive customer withdrawals. In a statement. In an early release of a part of Silvergate’s fourth quarterly results, the bank said that crypto-related deposits fell by a major 68% from $11.9 billion to $3.8 billion. By the end of 2022, $150 million of Silvergae’s deposits were held by customers who had filed for bankruptcy protection. In the process, the company lost $718 million, which far exceeded its total profits since 2013.
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🇺🇸 DOJ Is Seizing Bank Assets And $450M Of Robinhood Stock Is Linked To FTX
The DOJ is seizing assets linked to the bankrupt crypto company FTX, including some shares in the trading app Robinhood, officials said during a virtual court hearing in Delaware. Attorneys for the Department of Justice said these assets are not part of bankruptcy proceedings.
According to Department of Justice counsel Seth Shapiro, one of the requests was “connected to Robinhood shares, which the federal government has also confiscated,” in a Delaware bankruptcy court on Wednesday. FTX has determined that Emergent owns only “in the name” these shares, which belong to their company. The bankrupt cryptocurrency company said in the filing that “Emergent is a special-purpose holding company and appears to have no other business.“
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📉 Bitcoin Mining Revenue In 2022 Dropped 37.5% To $9.55 Billion
Bitcoin mining revenue in 2022 fell 37.5% year-on-year to $9.55 billion. The market suffered the most from the collapse of LUNA-UST in May and the fall of FTX in November. Top miners such as Core Scientific, Greenidge Generation, and Stronghold Digital Mining also hit hard.
Along with poor market conditions, miners also suffered from high electricity costs and record mining difficulty. Data shows that Bitcoin mining revenue in 2022 will drop to $9.55 billion, down 37.5 percent from $15.3 billion in 2021. Since the culmination of a significant rally in 2021, the cryptocurrency has lost more than $2 trillion in market capitalization to less than $900 billion.several companies and projects that failed famously have caused shock waves in the past year.
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📣 Web3 Game Magic Fantasy Completed $3 Million Private Round Investment
The Web3 game project Magic Fantasy has completed $3 million in private equity financing, and EasyCoins Venture participated in the investment. Its built-in economic model is backed by the VOD game token and USDT stable currency.
It is reported that Magic Fantasy is a free strategy card game based on Binance Smart Chain. Its built-in economic model is supported by the game token VOD and the stable currency USDT. Players get incentives by winning in PVP games. Everyone can freely access the game and be provided with great rewards for becoming our enthusiastic players and will be encouraged to co-create.
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💰 Securities Commission Of The Bahamas Moved $3.5B FTX Digital Assets To Wallets It Controls
The Securities Commission of The Bahamas (SCB) has directed the transfer of all digital assets in FTX Digital Markets, the Bahamas unit of FTX, valued at more than $3.5 billion, to digital wallets controlled by the commission, a document said by SCB on Dec.
The Bahamas Securities Commission explained that based on information provided to the Commission by SBF about cyberattacks on the FTX Digital Markets Ltd (FTXDM) system, limited access by FTXDM employees to its AWS system name and other available information, the Commission has determined that digital assets under the custody or control of FTXDM already exist.
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🇸🇬 Asia’s Leading Web3 Conference TOKEN2049 Will Return To Singapore In September 2023
TOKEN2049 will return to Singapore in September 2023 and will welcome over 7000 attendees. After an impressive launch in Singapore in September 2022 and concluding, the conference has achieved resounding success. Asia’s leading large-scale Web3 event Token2049 will return in September 2023.
According to the announcement, the conference will occur on 13-14 September 2023 at Marina Bay Sands, coinciding with the Formula 1 Singapore Grand Prix race weekend. This is the flagship event of Asia Crypto Week that will see an expanded program of over 100 side events and networking opportunities taking place from September 11-17 across the city.TOKEN2049 is expected to welcome over 7,000 attendees, including industry leaders, traders, and innovators.
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$TIME is the most oversold coin.
Located in the accumulation zone 53-57.
Could pump hard 🚀🚀
I am buying some.
A few key points about the project:
1. Founded in 2016, Chrono.tech operates the biggest crypto freelance platfrom - LaborX. Seems like there're some special perks for TIME holders.
2. Token is already listed on tier-1 exchanges, including Coinbase and Kucoin.
3. In the near future the TIME token will be listed on two top exchanges.
4. TIME-30D Fixed Promotion on KuCoin, APR of 72%! WOW😳
The price stabilized at around 53-57, looks good for a medium term holding.
P.S: Not financial advice.
DYOR🚀
🚨 Rubic Lost More Than $1.4 Million Due To The Hack
Rubic is a cross-chain DEX aggregator. Users can exchange native tokens via the RubicProxy contract’s routerCallNative function. Before redeeming, it will first check to see if the target Router of the needed call put in by the user is on the protocol’s white list.
According to PeckShield’s monitoring, the multi-chain exchange protocol was hacked, resulting in a loss of more than 1.4 million US dollars. The attacker sent 1,100 ETH to the Tornado Cash mixing protocol. After analyzing the stolen process, the SlowMist security team concluded that the main cause of the attack was that the protocol incorrectly added USDC tokens.
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📣 First non-EVM solution brings NEAR to Metamask
Proximity Labs has developed the first non-Ethereum Virtual Machine (EVM) blockchain solution compatible with Metamask. Compatibility is achieved through a smart contract developed by Proximity Labs called NETH.
NETH enables Ethereum (ETH) addresses remote control of paired NEAR accounts via signing transactions. The NETH smart contract works as follows: it verifies the signature sent from the Ethereum account, recovers the Ethereum public address if verification is successful, and executes the transaction as long as it matches the address from the initial NETH setup.
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🏦 Gemini suffers 2 downtimes in 7 days
According to its status page, some systems were currently experiencing outages. The exchange added that it was “investigating reports of potential service disruptions. All customer accounts and funds remain completely secure. Further updates to follow.”
Its official Twitter handle revealed that the exchange was entering maintenance mode to investigate an application recovery issue. It added that its team was working to attend to the case. Gemini experienced downtime on Nov. 16 due to an Amazon Web Services EBS outage with one of its primary databases.
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🥇 Grayscale Weighs Tender Offer for 20% of Shares in Its Deeply-Discounted Bitcoin Trust
Grayscale's flagship offering gives more traditional investors an easy way to gain exposure to Bitcoin without needing to buy or hold Bitcoin themselves. In June, Grayscale filed a lawsuit against the SEC.
If we are not successful in our legal challenge in all applicable courts–and we conclude there is no possibility of legislative or regulatory clarity that would allow for the conversion of GBTC to an ETF within a reasonable timeframe–we would explore other options to return a portion of GBTC’s capital to shareholders," wrote Grayscale CEO Michael Sonnenshein in a year-end letter to investors on Monday.
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📉 BNB Plummets as Binance Auditor Mazars Halts Work With All Crypto Firms
Auditing firm Mazars Group has dropped cryptocurrency firms as clients, according to crypto exchange Binance. Binance said that “Mazars has indicated that they will temporarily pause their work with all of their crypto clients globally.
The firm will also be moving forward with its Merkle Tree-based proof of reserves (PoR) pilot. As for working with another accounting firm, the spokesperson said that "we have reached out to multiple large firms, including the Big Four, who are currently unwilling to conduct a PoR for a private crypto company and we are still looking for a firm who will do so."
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🟠 Binance CEO has traveled to US without publicizing it, spokesperson says
Binance's Chief Strategy Officer and company spokesperson Patrick Hillmann said that Zhao has been in the U.S., although he didn't specify the timing of any trips. He was responding to a question to Zhao from a user on Twitter who asked "Do you travel to the U.S.?"
Zhao's whereabouts, and whether or not he's traveled to the U.S., are frequently scrutinized, especially amid rumors that he could face legal troubles in the country. Reuters reported earlier this week that the U.S. Department of Justice is continuing to weigh charging Binance for possible money laundering and criminal sanctions violations. "CZ wasn't on that text chain prior to the Tether issue," .
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🥇 FSB looks to nail down global crypto regulations in early 2023: FT
The world’s most powerful global financial watchdog group is preparing to instate strict propositions for regulating the crypto sector in early 2023, along with a timeline regulators should stick to for implementing them. The collapse of FTX adds urgency to address crypto supervision.
The collapse of crypto exchange FTX has turned regulators’ heads worldwide as governmental hearings pressed the topic of crypto supervision. The FSB — comprised of central bankers, finance officials and regulators from G20 countries — met in Basel last week. Lessons from the FTX debacle featured prominently on the agenda. The group called for “ongoing vigilance and the urgency of advancing the policy work.
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📉 Analyzing the WBTC FUD after the FTX collapse and its depeg
Wrapped Bitcoin is the leading form of Bitcoin “wrapped” in a smart contract on the Ethereum network. This allows it to be used in Ethereum-based decentralized finance (DeFi) applications.
BitGo is the main WBTC issuer, meaning they are responsible for the BTC backing and custody. Alameda Research, Sam Bankman-Fried’s Prop Fund, was a WBTC top merchant, which means they would accept BTC from customers and send it to BitGo to mint WBTC. This article analyzes WBTC on-chain indicators and the FUD around the asset’s depeg.
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