News - Page 32

A Telegram trading bot crypto project that was launched earlier this year has been exploited for more than $600,000. The team behind the Unibot (UNIBOT) crypto project has confirmed that the hack was a token approval exploit. They have taken immediate action by pausing their router to contain the issue. The team assures users that any funds lost due to the bug on their new router will be compensated and that their keys and wallets are safe. They have also promised to release a detailed response after completing their investigations.

Starknet, one of the leading Ethereum layer-2 networks, has recently gained attention with the allocation of its STRK tokens. This article explores the significance of these tokens and their potential impact on the network's growth.

We are pleased to announce the launch of Valinor, a new investment entity dedicated to exploring opportunities in the fields of blockchain and financial innovation. Building upon the success of our previous venture, NovaWulf, we are excited to embark on this new chapter with the support and collaboration of our former partners.

The central bank's stance on economic growth remains unchanged, as indicated in its recent policy statement. The bank acknowledges the presence of risks to economic growth, a sentiment that aligns with its previous statement in September. However, the decision on whether to implement another pause or rate hike at the December meeting will be based on incoming data. This suggests that the central bank is closely monitoring economic indicators to make informed decisions. It is important for stakeholders to stay updated on the latest economic data as it will play a crucial role in determining the central bank's next move.

The XRP price recently broke free from a two-month-long accumulation phase, indicated by its exit from a triangle pattern. This breakout resulted in an 11% gain, pushing the coin's price from $0.54 to its current trading level of $0.6. However, given the current market volatility, the question remains: can buyers sustain this momentum?

Coinbase, the top US-based crypto exchange platform, has announced the launch of crypto futures trading for retail investors in the US. This new offering allows US Coinbase Advanced customers to trade regulated leveraged crypto futures through Coinbase Financial Markets.

In a high-profile trial taking place in Manhattan’s federal courtroom, Assistant U.S. Attorney Nicolas Roos has accused FTX founder Sam Bankman-Fried (SBF) of masterminding a significant financial deception. Roos presented a compelling case, revealing what he called a “pyramid of deceit” that allegedly led to the loss of at least $10 billion of investors’ money.

Unregistered offerings in the crypto market have become a breeding ground for fraudulent schemes and scams. The lack of disclosures and accountability in these offerings make them attractive to scammers who exploit vulnerabilities to enrich themselves at the expense of others.

Tron (TRX) price is showing strong bullish momentum, defying the sluggishness in the overall market. This week, while Bitcoin price remains below $35,000 and Ethereum price wobbles around $1,800, Tron and Solana (SOL) have been performing exceptionally well.

In a recent interview, BitMEX founder Arthur Hayes shared his forecast for the next crypto bull run. He believes that there will always be a 'new new thing' in the crypto space that will influence market expansion. Hayes highlights the previous cycle's focus on layer-1 blockchains and explains that these projects had their moment but failed to sustain their momentum. He suggests that the next bull run will follow a sequence of Bitcoin, Ethereum, and then other cryptocurrencies.

Sam Bankman-Fried, a prominent figure in the crypto world, has undergone a transformation in his goals and aspirations. While he initially presented himself as an effective altruist, whose primary objective was to accumulate wealth for charitable purposes, recent allegations suggest a different motive.

Bitcoin, the revolutionary cryptocurrency, recently celebrated its 15th anniversary. Canadian Member of Parliament Joël Lightbound took the opportunity to honor Bitcoin's journey and acknowledge its anonymous creator, Satoshi Nakamoto. In his speech on the Parliament floor, Lightbound not only expressed his appreciation for the innovative technology but also disclosed his personal ownership of Bitcoin.

Modulus is a cutting-edge technology that harnesses the power of zero-knowledge machine learning (ZKML) to ensure the accuracy and integrity of AI models. By utilizing zero-knowledge proofs, Modulus provides a robust method for verifying the correct execution of AI models.

The U.S. Department of Justice has concluded its case against Bankman-Fried after a nearly five-week trial. The case centered around the disappearance of billions of dollars worth of customer funds from the FTX crypto exchange. Assistant U.S. Attorney Nicholas Roos, who presented the DOJ's findings, stated that there was no dispute regarding the missing funds. Bankman-Fried has been charged with two counts of wire fraud and five counts of conspiracy in relation to the operation and collapse of FTX and Alameda Research, his trading firm.

In order to attract traditional gamers to explore Web3, it is crucial for games to prioritize fun over the play-to-earn model. This shift in focus allows game developers to fully embrace the original gaming ethos and create an engaging experience for players.

Some people in the crypto community have long assumed that Web3 would naturally follow the same path as the Web did in the 1990s. However, this assumption overlooks the regulatory advantages that the early Web enjoyed, such as the absence of sales tax and the legal protections provided by acts like the Digital Millennium Copyright Act and the Communication Decency Act. These regulatory tailwinds played a significant role in the success of the Web. It is important to recognize that Web3 does not have the same favorable regulatory environment and will face different challenges. As we navigate the development of Web3, it is crucial to consider the regulatory landscape and work towards creating a supportive framework for its growth and adoption.