The recent debacle at the JPEX crypto exchange, resulting in arrests and the closure of the platform, has raised serious concerns about crypto fraud in Hong Kong. The unlicensed exchange, accused of defrauding investors of $204 million, has prompted authorities to take action. In response, the city’s Securities and Futures Commission (SFC) and law enforcement
admin
Binance, known as the largest cryptocurrency exchange in the world, has recently released its 11th report on its reserves. The numbers presented in the report are nothing short of staggering, with particular attention given to Binance’s XRP holdings. Over the past month, there have been reports of investors depositing XRP into exchanges, and this is
Despite gaining around 35% in 2023, Ethereum’s native token, Ether (ETH), has consistently failed to decisively retake the $2,000 mark. This resistance level has proven to be a strong barrier, with multiple bearish rejections hindering its progress. This situation mirrors the bearish rejection experienced in 2018-2019 near $425, suggesting that Ethereum is currently in a
During the ongoing fraud trial of Sam Bankman-Fried, co-founder of FTX exchange, Gary Wang made alarming statements regarding the corrupt relationship between FTX and Alameda Research. Wang disclosed that Alameda had the ability to pilfer client funds, a capability that had been embedded into FTX’s computer systems as far back as 2019. According to Wang’s
Solana (SOL), a prominent proof-of-stake blockchain, has recently released version 1.16, which includes an upgrade for enhanced user privacy called “Confidential Transfers.” This update brings encrypted Solana Program Library (SPL) token transactions, prioritizing confidentiality over anonymity. With the adoption of version 1.16 by a majority of Solana’s network validators, the development process spanning ten months
On October 5th, Elon Musk, the owner and Chief Technology Officer of X (formerly Twitter), took to Twitter to voice his opinion on the state of the United States’ regulatory agencies. In a tweet, Musk called for a comprehensive overhaul of these agencies and the establishment of a commission to punish individuals who have abused
The price of Solana’s SOL (SOL) experienced a significant gain between Sept. 28 and Oct. 6. However, it begs the question: is this rally simply riding on the coattails of Bitcoin (BTC), or is it being driven by other factors? Before this price breakout, SOL faced a turbulent period due to the approval of the
Crypto startup and AI trading platform Launchpad XYZ has recently raised more than $1.85 million in its ongoing crypto presale, in preparation for the launch of its platform in 2023. The company aims to establish itself as an all-encompassing web3 ecosystem, offering a wide range of services and resources to cater to the needs of
The recent major upgrades in the Ethereum network, namely the Merge and Shanghai, have inadvertently led to a rise in Ethereum staking. However, a new report by JPMorgan has shed light on the alarming cost associated with this growth – higher centralization and lower staking yields. This analysis, conducted by JPMorgan’s team of analysts led
The crypto intelligence firm Arkham Intelligence is currently in the hot seat due to the release of a report by whistleblower platform Crypto Leaks. The report, published on October 5th, contains explosive allegations against Arkham, accusing the company of leveraging vulnerabilities at major exchanges to obtain users’ personal information. In this article, we will critically
