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26 Feb 2023 05:30

🆘 Jump Crypto Attack “Reverse” Hacker To Recover 120,000 Stolen ETH

The 120,000 ETH stolen by the cross-chain Wormhole bridge in February of last year has been recovered. Oasis is an investment fund in Jump Crypto that took advantage of that error to “trick” the hacker’s wallet to transfer assets outside and get all the money back.

Oasis revealed that an attacker at the end of January 2023 used their vault solution and multisig wallet to store dirty funds and then engaged in liquid staking ETH after being reported by a white hat hacker to have discovered a flaw related to the design of access to multisig. On February 16, 2023, Oasis decided to take advantage of that bug to “trick” the hacker’s wallet into transferring assets out outside and got all the money back through a series of transactions made on February 21.

Source

@TradeCryptoNow

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24 Feb 2023 15:43

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23 Feb 2023 07:19

📉 Coinbase Surpasses Q4 Profits Projections Despite Declining Transaction Volume

Coinbase, a cryptocurrency exchange based in the United States, exceeded revenue projections for the fourth quarter of 2022 but saw a sustained fall in transaction volume. The exchange’s net revenue for the quarter came in at $605 million, exceeding the $589 million revenue that Wall Street analysts allegedly predicted.

Despite a 12% drop in transaction volumes from the prior quarter, Coinbase attributed its 34% increase in subscription and service revenues for the quarter’s 5% overall revenue growth. Staking income decreased compared to the preceding quarter as the decline in cryptocurrency prices outpaced the rise in staked balances across all crypto currencies, even though Coinbase restated its belief that its staking products are not securities. The Securities and Exchange Commission (SEC) is now looking into the exchange’s staking products.

Source

@TradeCryptoNow

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21 Feb 2023 05:58

🪙 HT Surges 16% Amid Huobi’s Plans to Secure Crypto License in Hong Kong

HT surpassed $6 hours after Justin Sun announced Huobi’s intention to seal regulatory approval in Hong Kong. The native token of the crypto exchange Huobi Global – HT – spiked around 16% after Justin Sun outlined the company’s intentions to obtain a trading license in Hong Kong.

Justin Sun – Tron’s Founder and a member of Huobi’s Global Advisory Board – revealed that the crypto exchange has applied for a trading license with Hong Kong’s watchdogs. He labeled the initiative as a “major step” and a demonstration that the entity is willing to cooperate with global regulators. He also believes the potential permit will help Huobi establish a “reliable” platform for Hong Kong users. the launch of a new trading venue in the special administrative region of China called Huobi Hong Kong.

Source

@TradeCryptoNow

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19 Feb 2023 04:57

🆘 Dexible Exploited By Hackers Causing Damage $2 Million

Early on Friday, the decentralized exchange aggregator Dexible was the victim of a $2 million hack, according to an announcement the protocol updated on its Discord channel. Blockchain data reveals that BlockTower Capital, an investing company for digital assets, was one of the victims.

The Dexible front end displays a popup warning about the vulnerability anytime users visit it as of 6:35 pm UTC on February 17. According to a tweet from Dexible, the hacker was able to drain assets from cryptocurrency wallets containing funds that had been authorized for use by taking advantage of a flaw in the smart contract code. Around 4:00 pm UTC, a post-mortem report was published as a PDF file and made available on Discord. The team also stated that it was currently working on a remedial plan.

Source

@TradeCryptoNow

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17 Feb 2023 06:51

📣 FDIC Denies Money Insurance For Cryptocurrency Exchange CEX.IO

The Federal Deposit Insurance Corporation (FDIC) has sent a cease-and-desist letter to CEX.IO instructing it to stop saying that U.S. dollars kept in its fiat currency wallets are FDIC-insured. CEX.IO is a cryptocurrency exchange located in Naperville, Illinois.

The organization said that a statement on CEX.IO’s website, “U.S. dollars held in your CEX.IO fiat currency wallet are FDIC-insured up to $250,000 per account” is false. No insured depository institution (IDI) or institutions are specified in conjunction with this statement, this organization pointed out in its letter, and neither are any qualifications, explanations, or limits expressed in connection with this assertion. This organization also pointed out that other websites had incorrectly stated that the FDIC insured CEX.IO.

Source

@TradeCryptoNow

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15 Feb 2023 08:18

🚨 Wormhole Hacker Moves $46 Million In Stolen Money

Another $46 million in stolen assets have just been transferred from the hacker’s wallet, wormhole hacker according to on-chain statistics, which shows that the stolen cryptocurrency from one of the biggest exploits in the industry is in motion once more.

In February 2022, Wormhole’s token bridge was attacked, leading to the third-largest cryptocurrency breach of the year. In the incident, wrapped ETH (wETH) valued about $321 million, was taken. PeckShield, a blockchain security company, reports that the hacker’s connected wallet has been reactivated and has just transferred $46 million in cryptocurrencies. This was made up of 3,000 Rocket Pool Ethereum staking tokens (rETH) worth $5 million that were transferred to MakerDAO.

Source

@TradeCryptoNow

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13 Feb 2023 06:37

💰 Shiba Inu And 3 Cryptocurrencies Have Been Added To Binance’s List Of Verified Digital Assets

Shiba Inu (SHIB) and three other altcoins are going to be added to the list of verified cryptocurrencies that are traded on the world’s largest cryptocurrency exchange by volume. Investors should anticipate that Binance will add further digital assets to its POR list in the coming weeks.

Binance also announced that it will be providing support for four alternative cryptocurrencies, namely Shiba Inu SHIB, Polkadot (DOT), Solana (SOL), and Chiliz (CHZ). Binance is thrilled to unveil zk-SNARK, a zero-knowledge verification method that keeps sensitive information private and more secure, for its proof of reserve (POR) verification system. This is part of our ongoing efforts to give transparency regarding user money. Binance announced that it will be enhancing the information protection capabilities of its proof-of-reserve identification system.

Source

@TradeCryptoNow

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11 Feb 2023 06:08

🏦 Coinbase’s Staking Service Is Not A Security And Not Affected By The SEC

Coinbase insists Coinbase’s staking service is not a security amid tightening SEC investigation and cancellation of Kraken’s staking service with a $30 million fine. Coinbase will not be affected by news of Kraken being sanctioned by the SEC for translating their staking.

Coinbase’s chief legal officer said in a statement that Coinbase’s commitment plan will not be affected by yesterday’s Kraken news, the Bloomberg. As mentioned in an earlier Coincu News article, the U.S. Securities and Exchange Commission (SEC) is apparently looking into whether crypto exchange Kraken is in violation of any rules regarding the crypto exchange Kraken. the sale of securities or not. Kraken has “immediately” terminated its crypto commitment service provided to US customers and will pay a $30 million fine.

Source

@TradeCryptoNow

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09 Feb 2023 06:44

🪙 BGD Labs Announcing Integration Of Chainlink Proof Of Reserve Onto Avalanche

In order to increase lending market transparency and on-chain verification, Chainlink’s Proof of Reserve feature is now accessible on the Aave lending platform running on the Avalanche blockchain. Aave has enabled over $2 trillion in transaction volumes in 2022 alone because of Chainlink oracles.

The integration will enable transparency for tracking the financial health of liquidity pools on the Avalanche-based Aave platform that contains wrapped tokens like AAVE.e, DAI.e, LINK.e, WBTC.e, and WETH.e were driven by BGD Labs, a development company specializing in the Aave ecosystem. For many Ethereum-based coins that can later be utilized on Aave, Avalanche relies on bridging. The bridging procedure involves wrapping, which is the locking up of a certain number of tokens and issuing an equivalent number of tokens on Avalanche.

Source

@TradeCryptoNow

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07 Feb 2023 05:50

🪙 BNB Chain looking to grow, remain competitive in 2023: Messari

BNB Chain is aiming to be competitive in 2023, following a tumultuous year for crypto markets, Messari said. The blockchain network will focus on growth strategies and new tech developments, including scaling solutions and boosting throughput, along with implementing Ethereum Virtual Machine.

The team plans to expand the network with L2-like solutions, such as ZK-rollups and sidechains, and to increase decentralization by open-sourcing the validator set,” the report said. “Despite several challenges along the way, BNB Chain successfully executed its 2022 roadmap ... After a dramatic year with many challenges, BNB Chain looks to remain competitive heading into 2023. Daily active addresses on the blockchain network rose in 2022, while average daily transactions remained steady at approximately 3.4 million per day.

Source

@TradeCryptoNow

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05 Feb 2023 05:55

📣 Ethereum Restaking EigenLayer Is Now Raising $50 Million In Series A Funding

EigenLayer, an Ethereum restaking protocol that has yet to deploy, is raising $50 million in a Series A fundraising round, according to The Block and two persons familiar with the situation. When the Series A round is finished, EigenLayer’s total funding will be roughly $65 million.

According to the sources, the round will provide EigenLayer with a $250 million post-money equity valuation and a $500 million token valuation or fully diluted valuation (FDV). The total value of a project assuming all of its tokens are in circulation is referred to as FDV. EigenLayer was developed in 2021 by Sreeram Kannan, an assistant professor at the University of Washington in Seattle who directs the information theory lab, which focuses on information theory and its applications in communication networks, machine learning, and blockchain systems.

Source

@TradeCryptoNow

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03 Feb 2023 06:11

🦊 MetaMask rolls out updates to privacy settings for new and existing users

Ethereum wallet provider MetaMask introduced new security and privacy functions for new and existing users, while making it easier for them to change their RPC providers. MetaMask has introduced a range of features that the project says will give users more control over their data.

To do so, MetaMask said new users can go to “set advanced privacy settings” to change their RPC provider. Existing users can find this option under “settings,” the announcement added. This update comes after ConsenSys came under some scrutiny for collecting MetaMask user data via Infura. ConsenSys is an Ethereum software company that owns both MetaMask and Infura. This admission threw up privacy concerns from crypto participants.

Source

@TradeCryptoNow

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01 Feb 2023 07:16

📣 Co-signers of Bankman-Fried’s $250 million bond a step closer to becoming public

The names of two people who co-signed for disgraced FTX founder Sam Bankman-Fried’s bond are one step closer to becoming public after a federal judge granted a motion to unseal their names. The identities could be made public next month.

Bankman-Fried has pleaded not guilty to a litany of criminal charges, including fraud, and is awaiting an October trial. His parents, Joseph Bankman and Barbara Fried, co-signed his $250 million bond in December. A pair of additional signers, whose names have so far been redacted, also signed lesser bonds for $500,000 and $200,000. News organizations argued that the public has a right to the information, while Bankman-Fried’s lawyer has said the signers might face threats and harassment if their identities are revealed.

Source

@TradeCryptoNow

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30 Jan 2023 07:24

📣 Core Scientific Filed An Emergency Motion To Fire-Sell $6.6 Million In Bitmain Coupons

Core Scientific submitted a proposal on January 28 to sell $6.6 million worth of Bitmain coupons to settle its obligations. With Bitmain and two other potential bidders who could be interested in the sale, the now-bankrupt US-based Bitcoin miner has been in communication.

According to the complaint, certain restrictions placed on the vouchers render them unusable for Core Scientific’s operations. In particular, the coupons cannot be redeemed for cash and can only be used to pay 30% of any new order of S19 Miners from Bitmain. Additionally, the Bitmain coupons are scheduled to expire in March or April 2023, when the business expects to have exited from its Chapter 11 restructuring. Additionally, Core Scientific stated that it would not purchase any more S19 Miners either during or after Chapter 11.

Source

@TradeCryptoNow

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25 Feb 2023 05:14

💰 Eclipse Launches Game-Changing Layer 2 Blockchain For Polygon Network

Eclipse has revealed plans to release a new blockchain called Polygon SVM that is built for the Polygon network and is Solana-compatible. Eclipse received $15 million in a pre-seed funding round in September and is a portfolio company of Polygon Ventures. It is also a grant recipient of the Solana Foundation.

The release of the Polygon SVM testnet is expected in Q1 of this year, with the mainnet following in Q2. The blockchain is designed to use SeaLevel Virtual Machine (SVM), a computing environment that enables Rust-based Solana apps to be deployed on other blockchains like Polygon. The Polygon network’s Avail data availability protocol will serve as the base layer for its Rollup, and the blockchain will communicate with both Polygon’s main network and Ethereum through cross-chain bridges. Eclipse received $15 million in a pre-seed funding round in September.

Source

@TradeCryptoNow

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24 Feb 2023 06:15

📣 Obol to bring distributed validators to Ethereum this year

Obol Technologies has brought its distributed validator technology to the Ethereum mainnet for the first time in an internal alpha testing phase. If successful, the project aims to make Ethereum more secure and resilient, while increasing the number of people running validators at home.

The validator comprises four nodes spread across three countries. It’s the first step in the project’s testing and audit plan, expected to culminate in an eventual public release toward the end of this year. “For like a solid two years no one gave a shit about it at all; no one cared about it at all. Everyone was skeptical. The Ethereum Foundation didn’t even want to fund it,” Obol co-founder and CEO Collin Myers said in an interview, referring to support for distributed validator technology in general.

Source

@TradeCryptoNow

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22 Feb 2023 05:28

⚡️ Kaito AI raises $5.3 million to build ChatGPT-powered search engine for crypto

As investors flock away from crypto and into AI, one investment firm is taking a different approach. The product has been in private beta with institutional investors since December and the investment firm is saying it is "revolutionizing" the way they invest.

Kaito's cap table for this round features several industry heavyweights including Sequoia Capital, Jane Street, AlphaLab Capital and Mirana Ventures, said the company in the release. Big tech companies are already looking to make a land grab in the space. Microsoft relaunched its Bing search engine with ChatGPT technology, naming it Sydney. Since the launch of ChatGPT in late November, an AI chatbot developed by Sam Altman's OpenAI, a frenzy has formed around ChatGPT as well as AI-linked projects and crypto tokens.

Source

@TradeCryptoNow

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20 Feb 2023 06:58

🪙 Binance US May Suffer US Congressional Investigation For Secret Trade Of $400 Million

The US Congress should hold an investigation into Binance US for its links to Merit Peak, according to a statement from a senator cited by Reuters yesterday, according to CryptoSlate. Senator Roger Marshall has proposed opening an investigation into Binance US’s relationship.

The action comes after media outlet Reuters reported that Binance.US had sent $400 million from accounts at Silvergate Bank to merchant Merit Peak in 2021. Merit Peak has appointed Binance CEO Changpeng Zhao as its manager. Binance and Binance US have declared separate operations since 2019. Therefore, the above transactions imply that CZ has a financial connection that may not be suitable for Binance in the US. despite multiple claims in the past that the two organizations are independent of each other.

Source

@TradeCryptoNow

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18 Feb 2023 05:50

🪙 Ethereum Discovered A Critical Bug On Tesnet Ahead Of Shanghai Hard Fork

Several problems were discovered during testing on Ethereum’s Zhejiang testnet prior to the Shanghai hard fork. However, none of them interfered with the implementation of ETH staking withdrawals. The developers will also be adding a Hive test for this case.

Tim Beiko, a core developer for Ethereum, claims that this flaw can be “patched quickly.” He said that the test is “easy” for the engineers. The developers will also provide a Hive test just for this scenario. Client Memory and CPU use spiked, and engineers will assess the ratio of lost to recorded credential update notifications over the next several days, according to Beiko. A stress test involving 600,000 validators, 360,000 of whom updated withdrawal credentials at the time of the fork.

Source

@TradeCryptoNow

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16 Feb 2023 05:23

📣 Napster buys web3 music startup Mint Songs

Napster, the streaming service best-known for the peer-to-peer audio file-sharing platform it operated in the early 2000s, is buying music startup Mint Songs. The company, which was acquired last year by Hivemind and Algorand, is making a play at web3 by using the startup's experience.

Mint Songs, which developed tech to allow artists to mint songs and offer fans other NFT items, said on Twitter that it was winding down in September last year and would not mint new NFTs on its Mint Songs Factory (Polygon) and Mint Songs V2 (Ethereum). The company worked with artists like Gramatik, Mark de Clive-Lowe and Black Dave. It had previously raised $4.3 million from investors like Freestyle Capital and Castle Island Ventures. Napster didn't disclose the value of the acquisition.

Source

@TradeCryptoNow

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14 Feb 2023 06:14

🦊 Hackers target domain registrar Namecheap for crypto phishing campaign

Domain name registrar Namecheap's email account was breached, resulting in a widespread phishing campaign aimed at stealing crypto from potentially thousands of its users. The attack was traced back to SendGrid, the email platform used by Namecheap.

After compromising Namecheap's SendGrid, the perpetrator sent fake emails on behalf of Namecheap to its users purporting to be from delivery firm DHL or crypto wallet MetaMask. The phishing email claiming to be from DHL appeared as a delivery fee invoice, while the MetaMask phishing email stated that KYC verification was necessary to avoid suspension of users' wallets. their private key or secret recovery phrase, which the attackers could then use to steal the funds from their wallet.

Source

@TradeCryptoNow

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12 Feb 2023 06:36

💰 FTX Facilities Are Up For Sale, Including 13 Storage Units And $2.4 Million In Cars

A half-million dollars worth of office furniture and equipment, as well as 13 storage facilities in the Bahamas containing FTX’s “physical products,” are expected to hit the market soon. Everything in the business’s Bahamas headquarters, which had its locks changed and is now secured on site, will also be put on the market.

Although there is little likelihood of discovering unique valuables, that office equipment and whatever is in the storage lockers will soon be available for purchase, according to a report from liquidators entrusted with sorting through the collapsed cryptocurrency exchange’s remaining assets. Everything in the business’s Bahamas headquarters, which had its locks changed and is now secured on site, will also be put on the market. According to the article, liquidators have also requested the transfer of $46.7 million in USDT.

Source

@TradeCryptoNow

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10 Feb 2023 09:48

🏦 Coinbase's Armstrong says staking restrictions would be 'terrible path for the U.S.'

Coinbase CEO Brian Armstrong used a Twitter thread to warn about what he said would be a "terrible path" for the U.S. if it were to restrict crypto staking in the country. "We're hearing rumors that the SEC would like to get rid of crypto staking in the U.S. for retail customers," he wrote in a thread on Twitter.

Securities and Exchange Commission Chair Gary Gensler raised eyebrows last year after Ethereum's proof-of-stake transition when he hinted that the commission could classify tokens in proof-of-stake networks as securities. Armstrong said Wednesday that it was important that companies are encouraged to grow in the U.S. and not be stifled by a lack of clear rules."Regulation by enforcement doesn’t work. It encourages companies to operate offshore, which is what happened with FTX."

Source

@TradeCryptoNow

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08 Feb 2023 05:51

📣 The Korean Government Dispatched Agents To Serbia To Find Do Kwon

South Korean authorities have deployed investigators to Serbia, where Terraform Labs CEO Do Kwon is alleged to be currently residing. Do Kwon continued to post remarks on Twitter questioning the authorities, claiming that he did not flee but did not want to surrender.

According to reports on February 7, South Korean dispatched a mission to Serbia last week to find Do Kwon, the CEO of Terraform Labs, the firm behind two cryptocurrencies that failed in 2022, Terra. LUNA) and stablecoin UST. The delegation includes prosecutors from Seoul, where the Do Kwon investigation is being conducted, as well as members from the South Korean Ministry of Justice. Do Kwon’s passport was later revoked, and Seoul officials requested that the International Criminal Police Organization (Interpol).

Source

@TradeCryptoNow

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06 Feb 2023 04:33

🪙 StarkWare to Open Source Its Ethereum Scaling Solution

StarkWare revealed plans to open source its Ethereum scaling technology stack.StarkWare announced today that it plans to open-source its STARK Prover – the engine that’s designed to generate cryptographic proofs that compress hundreds of thousands of transactions for submission to Ethereum in fewer kilobytes than a smartphone photograph.

According to the press release shared with CryptoPotato, the plan will take time to implement, but when it’s complete, the Starknet technology stack will be open source. This is also the technology that powers Starknet and StarkEx – solutions that have reportedly scaled more transactions on Ethereum than all other L2 scaling solutions combined. StarkWare – a company focused on Ethereum scaling – will open-source its Zero-Knowledge (ZK) software. This is a landmark moment for scaling Ethereum, and in a wider sense for cryptography.

Source

@TradeCryptoNow

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04 Feb 2023 05:17

📣 Core Science Bitcoin Miner Pays $38.6 Million Debt To NYDIG Creditors

Core Science delivered approximately 27,403 miners to creditor NYDIG to fulfill its $38.6 million debt. The operation is part of a plan to sell some mining equipment to recover funds from creditors. those devices are no longer needed for their current and future business.

Bitcoin mining company Core Science has agreed with lender NYDIG to repay its $38.6 million outstanding debt by handing over approximately 27,403 mining machines as collateral. “The principal amount of the NYDIG’s debt exceeds the value of the primary collateral. Core Science is also “looking at the opportunity to sell some of its mining facilities,” which would limit the device’s footprint. Core Science representatives told a bankruptcy court meeting on Wednesday that its cash flow has improved “significantly”.

Source

@TradeCryptoNow

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02 Feb 2023 06:38

📣 Toyota Will Use The DAO Hackathon To Examine Possible Uses For Blockchain

The first Web3 hackathon was announced by the multi-chain smart contract and decentralized application (dApp) network Astar on February 1. But the significant news was that Toyota Motor Corporation is funding it. Sota Watanabe, the creator of the Astar Network, offered the following insight on the importance of Toyota’s participation in the project.

The international automaker is hosting its first Web3 event as it looks to cutting-edge technology to “help its ambition of strengthening the company’s operations,” according to the release. The Astar Foundation has committed $100,000 in support for the occasion, which will go toward prizes for Toyota-selected winning projects. Toyota has previously experimented with cryptocurrencies and blockchain technology. Toyota’s IT division collaborated with the Japanese cryptocurrency exchange DeCurret to create a branded digital token in 2020.

Source

@TradeCryptoNow

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31 Jan 2023 07:13

🏦 Gemini’s Crypto Exchange Is Being Investigated By New York Regulator For FDIC Claims

According to Monday Axios story, the New York Department of Financial Services (NYDFS) is looking into the statements made by the cryptocurrency exchange Gemini regarding the security of its users’ money. Gemini stopped accepting withdrawals from its Earn product due to the effects of the demise.

According to reports, Gemini regularly asserted last year that the Federal Deposit Insurance Corporation’s backing ensured the safety of the assets of consumers utilizing its Earn program (FDIC). Financial companies are not allowed to indicate that a product is FDIC-insured when it is not. The platform is thought to have about $900 million frozen as a result. The stoppage was attributed by Gemini to a similar freeze at the now-defunct cryptocurrency lender Genesis, a division of the blockchain giant Digital Currency Group.

Source

@TradeCryptoNow

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29 Jan 2023 06:32

🏦 Coinbase stock surged 90% in January

The value of Coinbase’s stock (COIN) rose nearly 90% over the past month. As of Jan. 27, 2023, COIN’s market value was $61.47. That represents an 88.27% price increase from Dec. 27, 2022, when the asset was valued at $32.65. As such, it represents an approximate three-month high.

Coinbase’s recent performance is likely due to its strong and lasting reputation within the crypto industry. The company has been in operation since 2012 and regularly publishes reports.on its finances. As such, Coinbase has managed to maintain a certain amount of trust, even amidst the collapse of FTX and various other companies. Coinbase also settled with the NYDFS this month for $100 million, half of which the company will spend on compliance improvements. Though the case against Coinbase is not good news in and of itself.

Source

@TradeCryptoNow