Ethereum
DeFi Protocol Ankr Exploited for Over $5M
The attacker was able to mint 6 quadrillion aBNBc tokens, which they eventually turned into around 5 million USDC Source link
Month: December 2022
Market Analysis
Did SBF Admit to Fraud and Mishandling Users’ Funds on Twitter?
Details remain unclear, but Sam Bankman-Fried (SBF) may have unintentionally admitted to fraud during a recent live Twitter space. Now, a ‘whistleblower’ is claiming to know more about FTX and Alameda Research were manipulating the market. […]
Market Analysis
Ankr Protocol Becomes Latest DeFi Exploit Victim
DeFi hackers have been busy while all attention is focused on Sam Bankman-Fried’s interviews. Ankr Procotol has reported an exploit on its platform. Details are thin on the ground at the moment, but there has […]
Bitcoin
First Mover Asia: Cryptos' Short Win Streak Ends as Investors Remain Cautious
ALSO: Shaurya Malwa writes that oversubscription of an initial exchange offering at Binance underscores investors continued interest in crypto and may offer hope for the industry’s rebound. Source link
Market Analysis
Senate Committee Pushes for CFTC Regulation After FTX Collapse
A hearing of the Senate Agriculture Committee on Dec. 1, 2022, called for Congress to act fast to pass CFTC laws to prevent further loss of funds in the wake of the FTX collapse. The […]
Bitcoin
US CFTC Commissioner Cites Latest Crypto Sanction in Call for New Rules
CFTC Commissioner Kristin Johnson is pushing for her agency to work on policies to further tighten custody of customer assets as the CFTC sanctions another crypto Ponzi scheme. Source link
Market Analysis
BlockAura Climbs 3100% but Crypto Investors are Skeptic
BlockAura (TBAC) gave a 3100% return to an Indian man. But the crypto community calls this multi-level marketing token a Ponzi. According to the official website, BlockAura is a revolutionary blockchain platform built to create […]
Regulation
Cryptocurrency Law Approved in Brazil — Green Mining Tax Exemptions and Asset Segregation Issues Left Out – Regulation Bitcoin News
A cryptocurrency law, which had been in discussion for several months, has been approved by the Chamber of Deputies in Brazil after having shed some of the changes presented by the Senate. The proposal left […]
Ethereum
CFTC Chair Proposes Pause to Overhaul Digital Commodities Consumer Protection Bill
U.S. Fed Chair Jerome Powell’s remarks on Wednesday signaled a likely slowing down in interest rate hikes as soon as the central bank’s mid-December meeting, causing mixed results in equity markets. The S&P 500 index […]
Market Analysis
Network Activity Dumps Amid Sell Signals
Cardano (ADA) price remained largely unchanged, or bearish, oscillating close to the multi-month low price support. The global crypto market is still on its knees, with most cryptocurrencies trading close to their long-term support zones. […]